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Side-by-side financial comparison of Primerica, Inc. (PRI) 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 $853.7M, roughly 1.1× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 4.8%, a 18.3% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 0.6%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% CAGR vs 1.9%).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
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.
PRI vs SBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $943.2M |
| Net Profit | $197.0M | $45.6M |
| Gross Margin | — | 51.2% |
| Operating Margin | 28.9% | 8.1% |
| Net Margin | 23.1% | 4.8% |
| Revenue YoY | 11.0% | 0.6% |
| Net Profit YoY | 17.9% | -25.3% |
| EPS (diluted) | $6.11 | $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 | $853.7M | $943.2M | ||
| Q3 25 | $839.9M | $947.1M | ||
| Q2 25 | $793.3M | $933.3M | ||
| Q1 25 | $804.8M | $883.1M | ||
| Q4 24 | $768.8M | $937.9M | ||
| Q3 24 | $774.1M | $935.0M | ||
| Q2 24 | $803.4M | $942.3M | ||
| Q1 24 | $742.8M | $908.4M |
| Q4 25 | $197.0M | $45.6M | ||
| Q3 25 | $206.8M | $49.9M | ||
| Q2 25 | $178.3M | $45.7M | ||
| Q1 25 | $169.1M | $39.2M | ||
| Q4 24 | $167.1M | $61.0M | ||
| Q3 24 | $164.4M | $48.1M | ||
| Q2 24 | $1.2M | $37.7M | ||
| Q1 24 | $137.9M | $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 | 98.0% | 51.0% | ||
| Q1 24 | 98.2% | 51.0% |
| Q4 25 | 28.9% | 8.1% | ||
| Q3 25 | 32.3% | 8.4% | ||
| Q2 25 | 29.6% | 8.4% | ||
| Q1 25 | 27.5% | 7.9% | ||
| Q4 24 | 64.7% | 10.7% | ||
| Q3 24 | 32.9% | 8.8% | ||
| Q2 24 | 1.0% | 7.6% | ||
| Q1 24 | 24.1% | 6.6% |
| Q4 25 | 23.1% | 4.8% | ||
| Q3 25 | 24.6% | 5.3% | ||
| Q2 25 | 22.5% | 4.9% | ||
| Q1 25 | 21.0% | 4.4% | ||
| Q4 24 | 21.7% | 6.5% | ||
| Q3 24 | 21.2% | 5.1% | ||
| Q2 24 | 0.1% | 4.0% | ||
| Q1 24 | 18.6% | 3.2% |
| Q4 25 | $6.11 | $0.45 | ||
| Q3 25 | $6.35 | $0.49 | ||
| Q2 25 | $5.40 | $0.44 | ||
| Q1 25 | $5.05 | $0.38 | ||
| Q4 24 | $4.92 | $0.58 | ||
| Q3 24 | $4.83 | $0.45 | ||
| Q2 24 | $0.03 | $0.36 | ||
| Q1 24 | $3.93 | $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 | $756.2M | $157.2M |
| Total DebtLower is stronger | — | $842.5M |
| Stockholders' EquityBook value | $2.4B | $823.6M |
| Total Assets | $15.0B | $2.9B |
| Debt / EquityLower = less leverage | — | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $756.2M | $157.2M | ||
| Q3 25 | $644.9M | $149.2M | ||
| Q2 25 | $621.2M | $112.8M | ||
| Q1 25 | $625.1M | $92.2M | ||
| Q4 24 | $687.8M | $105.5M | ||
| Q3 24 | $550.1M | $108.0M | ||
| Q2 24 | $627.3M | $97.4M | ||
| Q1 24 | $593.4M | $97.2M |
| Q4 25 | — | $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 | $2.4B | $823.6M | ||
| Q3 25 | $2.3B | $794.2M | ||
| Q2 25 | $2.3B | $762.9M | ||
| Q1 25 | $2.3B | $699.8M | ||
| Q4 24 | $2.3B | $656.5M | ||
| Q3 24 | $1.9B | $628.5M | ||
| Q2 24 | $2.1B | $577.7M | ||
| Q1 24 | $2.2B | $550.9M |
| Q4 25 | $15.0B | $2.9B | ||
| Q3 25 | $14.8B | $2.9B | ||
| Q2 25 | $14.8B | $2.7B | ||
| Q1 25 | $14.6B | $2.7B | ||
| Q4 24 | $14.6B | $2.7B | ||
| Q3 24 | $14.8B | $2.8B | ||
| Q2 24 | $14.6B | $2.7B | ||
| Q1 24 | $14.9B | $2.7B |
| Q4 25 | — | 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 | $338.2M | $93.2M |
| Free Cash FlowOCF − Capex | — | $57.5M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 1.72× | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.2M | $93.2M | ||
| Q3 25 | $202.9M | $120.9M | ||
| Q2 25 | $162.6M | $69.4M | ||
| Q1 25 | $197.5M | $51.1M | ||
| Q4 24 | $270.6M | $33.5M | ||
| Q3 24 | $207.3M | $110.7M | ||
| Q2 24 | $173.3M | $47.9M | ||
| Q1 24 | $210.9M | $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 | 1.72× | 2.05× | ||
| Q3 25 | 0.98× | 2.42× | ||
| Q2 25 | 0.91× | 1.52× | ||
| Q1 25 | 1.17× | 1.30× | ||
| Q4 24 | 1.62× | 0.55× | ||
| Q3 24 | 1.26× | 2.30× | ||
| Q2 24 | 147.98× | 1.27× | ||
| Q1 24 | 1.53× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
