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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and Sally Beauty Holdings, Inc. (SBH). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $943.2M, roughly 1.4× Sally Beauty Holdings, Inc.). Qnity Electronics, Inc. runs the higher net margin — 12.3% vs 4.8%, a 7.5% gap on every dollar of revenue. On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (10.5% vs 0.6%).
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.
Q vs SBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $943.2M |
| Net Profit | $162.0M | $45.6M |
| Gross Margin | 47.0% | 51.2% |
| Operating Margin | — | 8.1% |
| Net Margin | 12.3% | 4.8% |
| Revenue YoY | 10.5% | 0.6% |
| Net Profit YoY | 48.6% | -25.3% |
| EPS (diluted) | $0.72 | $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.
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | $943.2M | ||
| Q3 25 | $1.3B | $947.1M | ||
| Q2 25 | — | $933.3M | ||
| Q1 25 | — | $883.1M | ||
| Q4 24 | — | $937.9M | ||
| Q3 24 | $1.1B | $935.0M | ||
| Q2 24 | — | $942.3M |
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $45.6M | ||
| Q3 25 | $211.0M | $49.9M | ||
| Q2 25 | — | $45.7M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | $61.0M | ||
| Q3 24 | $199.0M | $48.1M | ||
| Q2 24 | — | $37.7M |
| Q1 26 | 47.0% | — | ||
| Q4 25 | — | 51.2% | ||
| Q3 25 | 45.1% | 52.2% | ||
| Q2 25 | — | 51.5% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 50.8% | ||
| Q3 24 | 47.0% | 51.2% | ||
| Q2 24 | — | 51.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 21.3% | 8.4% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 7.9% | ||
| Q4 24 | — | 10.7% | ||
| Q3 24 | 21.8% | 8.8% | ||
| Q2 24 | — | 7.6% |
| Q1 26 | 12.3% | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | 16.5% | 5.3% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | 17.3% | 5.1% | ||
| Q2 24 | — | 4.0% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | — | $0.45 | ||
| Q3 25 | $1.01 | $0.49 | ||
| Q2 25 | — | $0.44 | ||
| Q1 25 | — | $0.38 | ||
| Q4 24 | — | $0.58 | ||
| Q3 24 | $0.95 | $0.45 | ||
| Q2 24 | — | $0.36 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $857.0M | $157.2M |
| Total DebtLower is stronger | $4.0B | $842.5M |
| Stockholders' EquityBook value | $7.5B | $823.6M |
| Total Assets | $14.1B | $2.9B |
| Debt / EquityLower = less leverage | 0.54× | 1.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $857.0M | — | ||
| Q4 25 | — | $157.2M | ||
| Q3 25 | $128.0M | $149.2M | ||
| Q2 25 | — | $112.8M | ||
| Q1 25 | — | $92.2M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $108.0M | ||
| Q2 24 | — | $97.4M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $842.5M | ||
| Q3 25 | $1.7B | $862.0M | ||
| Q2 25 | — | $882.4M | ||
| Q1 25 | — | $902.8M | ||
| Q4 24 | — | $938.1M | ||
| Q3 24 | — | $978.3M | ||
| Q2 24 | — | $978.9M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | — | $823.6M | ||
| Q3 25 | $9.1B | $794.2M | ||
| Q2 25 | — | $762.9M | ||
| Q1 25 | — | $699.8M | ||
| Q4 24 | — | $656.5M | ||
| Q3 24 | $11.1B | $628.5M | ||
| Q2 24 | — | $577.7M |
| Q1 26 | $14.1B | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $12.5B | $2.9B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | $2.8B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | 0.54× | — | ||
| Q4 25 | — | 1.02× | ||
| Q3 25 | 0.19× | 1.09× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.29× | ||
| Q4 24 | — | 1.43× | ||
| Q3 24 | — | 1.56× | ||
| Q2 24 | — | 1.69× |
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 | — | $93.2M |
| Free Cash FlowOCF − Capex | — | $57.5M |
| FCF MarginFCF / Revenue | — | 6.1% |
| Capex IntensityCapex / Revenue | 9.3% | 3.8% |
| Cash ConversionOCF / Net Profit | — | 2.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $216.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $93.2M | ||
| Q3 25 | $782.0M | $120.9M | ||
| Q2 25 | — | $69.4M | ||
| Q1 25 | — | $51.1M | ||
| Q4 24 | — | $33.5M | ||
| Q3 24 | — | $110.7M | ||
| Q2 24 | — | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $57.5M | ||
| Q3 25 | $568.0M | $78.0M | ||
| Q2 25 | — | $49.1M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | $13.4M | ||
| Q3 24 | — | $73.3M | ||
| Q2 24 | — | $28.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.1% | ||
| Q3 25 | 44.5% | 8.2% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 7.8% | ||
| Q2 24 | — | 3.1% |
| Q1 26 | 9.3% | — | ||
| Q4 25 | — | 3.8% | ||
| Q3 25 | 16.8% | 4.5% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.05× | ||
| Q3 25 | 3.71× | 2.42× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | — | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
Q
Segment breakdown not available.
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
