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Side-by-side financial comparison of COMERICA INC (CMA) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Sally Beauty Holdings, Inc. is the larger business by last-quarter revenue ($943.2M vs $838.0M, roughly 1.1× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 4.8%, a 16.2% gap on every dollar of revenue. On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs 0.6%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 1.9%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
Sally Beauty Holdings, Inc. is an American international specialty retailer and distributor of professional beauty supplies with revenues of more than $3.9 billion annually.
CMA vs SBH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $943.2M |
| Net Profit | $176.0M | $45.6M |
| Gross Margin | — | 51.2% |
| Operating Margin | — | 8.1% |
| Net Margin | 21.0% | 4.8% |
| Revenue YoY | 3.3% | 0.6% |
| Net Profit YoY | -4.3% | -25.3% |
| EPS (diluted) | $1.35 | $0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $943.2M | ||
| Q3 25 | $838.0M | $947.1M | ||
| Q2 25 | $849.0M | $933.3M | ||
| Q1 25 | $829.0M | $883.1M | ||
| Q4 24 | $825.0M | $937.9M | ||
| Q3 24 | $811.0M | $935.0M | ||
| Q2 24 | $824.0M | $942.3M | ||
| Q1 24 | $784.0M | $908.4M |
| Q4 25 | — | $45.6M | ||
| Q3 25 | $176.0M | $49.9M | ||
| Q2 25 | $199.0M | $45.7M | ||
| Q1 25 | $172.0M | $39.2M | ||
| Q4 24 | $170.0M | $61.0M | ||
| Q3 24 | $184.0M | $48.1M | ||
| Q2 24 | $206.0M | $37.7M | ||
| Q1 24 | $138.0M | $29.2M |
| Q4 25 | — | 51.2% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 51.5% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 50.8% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 51.0% |
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 21.0% | 5.3% | ||
| Q2 25 | 23.4% | 4.9% | ||
| Q1 25 | 20.7% | 4.4% | ||
| Q4 24 | 20.6% | 6.5% | ||
| Q3 24 | 22.7% | 5.1% | ||
| Q2 24 | 25.0% | 4.0% | ||
| Q1 24 | 17.6% | 3.2% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $1.35 | $0.49 | ||
| Q2 25 | $1.42 | $0.44 | ||
| Q1 25 | $1.25 | $0.38 | ||
| Q4 24 | $1.22 | $0.58 | ||
| Q3 24 | $1.33 | $0.45 | ||
| Q2 24 | $1.49 | $0.36 | ||
| Q1 24 | $0.98 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $157.2M |
| Total DebtLower is stronger | $5.4B | $842.5M |
| Stockholders' EquityBook value | $7.4B | $823.6M |
| Total Assets | $77.4B | $2.9B |
| Debt / EquityLower = less leverage | 0.73× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $157.2M | ||
| Q3 25 | — | $149.2M | ||
| Q2 25 | — | $112.8M | ||
| Q1 25 | — | $92.2M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $108.0M | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | — | $97.2M |
| Q4 25 | — | $842.5M | ||
| Q3 25 | $5.4B | $862.0M | ||
| Q2 25 | $5.8B | $882.4M | ||
| Q1 25 | $5.7B | $902.8M | ||
| Q4 24 | $6.7B | $938.1M | ||
| Q3 24 | $6.8B | $978.3M | ||
| Q2 24 | $7.1B | $978.9M | ||
| Q1 24 | $7.1B | $978.4M |
| Q4 25 | — | $823.6M | ||
| Q3 25 | $7.4B | $794.2M | ||
| Q2 25 | $6.9B | $762.9M | ||
| Q1 25 | $7.1B | $699.8M | ||
| Q4 24 | $6.5B | $656.5M | ||
| Q3 24 | $7.4B | $628.5M | ||
| Q2 24 | $6.2B | $577.7M | ||
| Q1 24 | $6.0B | $550.9M |
| Q4 25 | — | $2.9B | ||
| Q3 25 | $77.4B | $2.9B | ||
| Q2 25 | $78.0B | $2.7B | ||
| Q1 25 | $77.6B | $2.7B | ||
| Q4 24 | $79.3B | $2.7B | ||
| Q3 24 | $79.7B | $2.8B | ||
| Q2 24 | $79.6B | $2.7B | ||
| Q1 24 | $79.4B | $2.7B |
| Q4 25 | — | 1.02× | ||
| Q3 25 | 0.73× | 1.09× | ||
| Q2 25 | 0.84× | 1.16× | ||
| Q1 25 | 0.81× | 1.29× | ||
| Q4 24 | 1.02× | 1.43× | ||
| Q3 24 | 0.92× | 1.56× | ||
| Q2 24 | 1.15× | 1.69× | ||
| Q1 24 | 1.18× | 1.78× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-270.0M | $93.2M |
| Free Cash FlowOCF − Capex | — | $57.5M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | -1.53× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $93.2M | ||
| Q3 25 | $-270.0M | $120.9M | ||
| Q2 25 | $476.0M | $69.4M | ||
| Q1 25 | $273.0M | $51.1M | ||
| Q4 24 | $601.0M | $33.5M | ||
| Q3 24 | $1.0B | $110.7M | ||
| Q2 24 | $111.0M | $47.9M | ||
| Q1 24 | $-205.0M | $36.9M |
| Q4 25 | — | $57.5M | ||
| Q3 25 | — | $78.0M | ||
| Q2 25 | — | $49.1M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | $13.4M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | — | $28.7M | ||
| Q1 24 | — | $22.8M |
| Q4 25 | — | 6.1% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | — | 2.05× | ||
| Q3 25 | -1.53× | 2.42× | ||
| Q2 25 | 2.39× | 1.52× | ||
| Q1 25 | 1.59× | 1.30× | ||
| Q4 24 | 3.54× | 0.55× | ||
| Q3 24 | 5.70× | 2.30× | ||
| Q2 24 | 0.54× | 1.27× | ||
| Q1 24 | -1.49× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
Segment breakdown not available.
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
