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Side-by-side financial comparison of Diversified Energy Co (DEC) 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 $666.5M, roughly 1.4× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 4.8%, a 24.5% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $57.5M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
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.
DEC vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $943.2M |
| Net Profit | $195.5M | $45.6M |
| Gross Margin | — | 51.2% |
| Operating Margin | 37.6% | 8.1% |
| Net Margin | 29.3% | 4.8% |
| Revenue YoY | — | 0.6% |
| Net Profit YoY | — | -25.3% |
| EPS (diluted) | — | $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 | $666.5M | $943.2M | ||
| Q3 25 | $499.8M | $947.1M | ||
| Q2 25 | $600.3M | $933.3M | ||
| Q1 25 | — | $883.1M | ||
| Q4 24 | — | $937.9M | ||
| Q3 24 | — | $935.0M | ||
| Q2 24 | — | $942.3M | ||
| Q1 24 | — | $908.4M |
| Q4 25 | $195.5M | $45.6M | ||
| Q3 25 | $171.1M | $49.9M | ||
| Q2 25 | $297.7M | $45.7M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | $61.0M | ||
| Q3 24 | — | $48.1M | ||
| Q2 24 | — | $37.7M | ||
| Q1 24 | — | $29.2M |
| Q4 25 | — | 51.2% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | 44.7% | 51.5% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 50.8% | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | 51.0% | ||
| Q1 24 | — | 51.0% |
| Q4 25 | 37.6% | 8.1% | ||
| Q3 25 | 36.2% | 8.4% | ||
| Q2 25 | 48.5% | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 6.6% |
| Q4 25 | 29.3% | 4.8% | ||
| Q3 25 | 34.2% | 5.3% | ||
| Q2 25 | 49.6% | 4.9% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 5.1% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | — | $0.45 | ||
| Q3 25 | $2.14 | $0.49 | ||
| Q2 25 | $3.67 | $0.44 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | — | $0.45 | ||
| Q2 24 | — | $0.36 | ||
| Q1 24 | — | $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 | $29.7M | $157.2M |
| Total DebtLower is stronger | $2.7B | $842.5M |
| Stockholders' EquityBook value | $984.1M | $823.6M |
| Total Assets | $6.2B | $2.9B |
| Debt / EquityLower = less leverage | 2.76× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $157.2M | ||
| Q3 25 | — | $149.2M | ||
| Q2 25 | $23.7M | $112.8M | ||
| Q1 25 | — | $92.2M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $108.0M | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | — | $97.2M |
| Q4 25 | $2.7B | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | — | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M | ||
| Q1 24 | — | $978.4M |
| Q4 25 | $984.1M | $823.6M | ||
| Q3 25 | — | $794.2M | ||
| Q2 25 | $727.7M | $762.9M | ||
| Q1 25 | — | $699.8M | ||
| Q4 24 | — | $656.5M | ||
| Q3 24 | — | $628.5M | ||
| Q2 24 | — | $577.7M | ||
| Q1 24 | — | $550.9M |
| Q4 25 | $6.2B | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $5.7B | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | 2.76× | 1.02× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× | ||
| Q1 24 | — | 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 | $464.6M | $93.2M |
| Free Cash FlowOCF − Capex | $280.0M | $57.5M |
| FCF MarginFCF / Revenue | 42.0% | 6.1% |
| Capex IntensityCapex / Revenue | 27.7% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.38× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $93.2M | ||
| Q3 25 | — | $120.9M | ||
| Q2 25 | $264.1M | $69.4M | ||
| Q1 25 | — | $51.1M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | — | $110.7M | ||
| Q2 24 | — | $47.9M | ||
| Q1 24 | — | $36.9M |
| Q4 25 | $280.0M | $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 | 42.0% | 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 | 27.7% | 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 | 2.38× | 2.05× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | 0.89× | 1.52× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 1.27× | ||
| Q1 24 | — | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
