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Side-by-side financial comparison of Sally Beauty Holdings, Inc. (SBH) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.1B vs $943.2M, roughly 1.1× Sally Beauty Holdings, Inc.). Teradyne runs the higher net margin — 23.7% vs 4.8%, a 18.9% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (43.9% vs 0.6%). Teradyne produced more free cash flow last quarter ($218.8M vs $57.5M). Over the past eight quarters, Teradyne's revenue compounded faster (34.4% CAGR vs 1.9%).
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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
SBH vs TER — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $943.2M | $1.1B |
| Net Profit | $45.6M | $257.2M |
| Gross Margin | 51.2% | 57.2% |
| Operating Margin | 8.1% | 27.1% |
| Net Margin | 4.8% | 23.7% |
| Revenue YoY | 0.6% | 43.9% |
| Net Profit YoY | -25.3% | 75.9% |
| EPS (diluted) | $0.45 | $1.62 |
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 | $1.1B | ||
| Q3 25 | $947.1M | $769.2M | ||
| Q2 25 | $933.3M | $651.8M | ||
| Q1 25 | $883.1M | $685.7M | ||
| Q4 24 | $937.9M | $752.9M | ||
| Q3 24 | $935.0M | $737.3M | ||
| Q2 24 | $942.3M | $729.9M | ||
| Q1 24 | $908.4M | $599.8M |
| Q4 25 | $45.6M | $257.2M | ||
| Q3 25 | $49.9M | $119.6M | ||
| Q2 25 | $45.7M | $78.4M | ||
| Q1 25 | $39.2M | $98.9M | ||
| Q4 24 | $61.0M | $146.3M | ||
| Q3 24 | $48.1M | $145.6M | ||
| Q2 24 | $37.7M | $186.3M | ||
| Q1 24 | $29.2M | $64.2M |
| Q4 25 | 51.2% | 57.2% | ||
| Q3 25 | 52.2% | 58.4% | ||
| Q2 25 | 51.5% | 57.2% | ||
| Q1 25 | 52.0% | 60.6% | ||
| Q4 24 | 50.8% | 59.4% | ||
| Q3 24 | 51.2% | 59.2% | ||
| Q2 24 | 51.0% | 58.3% | ||
| Q1 24 | 51.0% | 56.6% |
| Q4 25 | 8.1% | 27.1% | ||
| Q3 25 | 8.4% | 18.9% | ||
| Q2 25 | 8.4% | 13.9% | ||
| Q1 25 | 7.9% | 17.6% | ||
| Q4 24 | 10.7% | 20.4% | ||
| Q3 24 | 8.8% | 20.6% | ||
| Q2 24 | 7.6% | 28.8% | ||
| Q1 24 | 6.6% | 13.0% |
| Q4 25 | 4.8% | 23.7% | ||
| Q3 25 | 5.3% | 15.5% | ||
| Q2 25 | 4.9% | 12.0% | ||
| Q1 25 | 4.4% | 14.4% | ||
| Q4 24 | 6.5% | 19.4% | ||
| Q3 24 | 5.1% | 19.8% | ||
| Q2 24 | 4.0% | 25.5% | ||
| Q1 24 | 3.2% | 10.7% |
| Q4 25 | $0.45 | $1.62 | ||
| Q3 25 | $0.49 | $0.75 | ||
| Q2 25 | $0.44 | $0.49 | ||
| Q1 25 | $0.38 | $0.61 | ||
| Q4 24 | $0.58 | $0.89 | ||
| Q3 24 | $0.45 | $0.89 | ||
| Q2 24 | $0.36 | $1.14 | ||
| Q1 24 | $0.27 | $0.40 |
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 | $293.8M |
| Total DebtLower is stronger | $842.5M | — |
| Stockholders' EquityBook value | $823.6M | $2.8B |
| Total Assets | $2.9B | $4.2B |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.2M | $293.8M | ||
| Q3 25 | $149.2M | $272.7M | ||
| Q2 25 | $112.8M | $339.3M | ||
| Q1 25 | $92.2M | $475.6M | ||
| Q4 24 | $105.5M | $553.4M | ||
| Q3 24 | $108.0M | $510.0M | ||
| Q2 24 | $97.4M | $421.9M | ||
| Q1 24 | $97.2M | $707.4M |
| 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 | $823.6M | $2.8B | ||
| Q3 25 | $794.2M | $2.7B | ||
| Q2 25 | $762.9M | $2.8B | ||
| Q1 25 | $699.8M | $2.8B | ||
| Q4 24 | $656.5M | $2.8B | ||
| Q3 24 | $628.5M | $2.9B | ||
| Q2 24 | $577.7M | $2.7B | ||
| Q1 24 | $550.9M | $2.6B |
| Q4 25 | $2.9B | $4.2B | ||
| Q3 25 | $2.9B | $4.0B | ||
| Q2 25 | $2.7B | $3.8B | ||
| Q1 25 | $2.7B | $3.7B | ||
| Q4 24 | $2.7B | $3.7B | ||
| Q3 24 | $2.8B | $3.8B | ||
| Q2 24 | $2.7B | $3.6B | ||
| Q1 24 | $2.7B | $3.4B |
| 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 | $93.2M | $281.6M |
| Free Cash FlowOCF − Capex | $57.5M | $218.8M |
| FCF MarginFCF / Revenue | 6.1% | 20.2% |
| Capex IntensityCapex / Revenue | 3.8% | 5.8% |
| Cash ConversionOCF / Net Profit | 2.05× | 1.09× |
| TTM Free Cash FlowTrailing 4 quarters | $216.8M | $450.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.2M | $281.6M | ||
| Q3 25 | $120.9M | $49.0M | ||
| Q2 25 | $69.4M | $182.1M | ||
| Q1 25 | $51.1M | $161.6M | ||
| Q4 24 | $33.5M | $282.6M | ||
| Q3 24 | $110.7M | $166.3M | ||
| Q2 24 | $47.9M | $216.1M | ||
| Q1 24 | $36.9M | $7.3M |
| Q4 25 | $57.5M | $218.8M | ||
| Q3 25 | $78.0M | $2.4M | ||
| Q2 25 | $49.1M | $131.7M | ||
| Q1 25 | $32.2M | $97.6M | ||
| Q4 24 | $13.4M | $225.2M | ||
| Q3 24 | $73.3M | $114.4M | ||
| Q2 24 | $28.7M | $171.2M | ||
| Q1 24 | $22.8M | $-36.7M |
| Q4 25 | 6.1% | 20.2% | ||
| Q3 25 | 8.2% | 0.3% | ||
| Q2 25 | 5.3% | 20.2% | ||
| Q1 25 | 3.6% | 14.2% | ||
| Q4 24 | 1.4% | 29.9% | ||
| Q3 24 | 7.8% | 15.5% | ||
| Q2 24 | 3.1% | 23.5% | ||
| Q1 24 | 2.5% | -6.1% |
| Q4 25 | 3.8% | 5.8% | ||
| Q3 25 | 4.5% | 6.1% | ||
| Q2 25 | 2.2% | 7.7% | ||
| Q1 25 | 2.1% | 9.3% | ||
| Q4 24 | 2.1% | 7.6% | ||
| Q3 24 | 4.0% | 7.0% | ||
| Q2 24 | 2.0% | 6.1% | ||
| Q1 24 | 1.6% | 7.3% |
| Q4 25 | 2.05× | 1.09× | ||
| Q3 25 | 2.42× | 0.41× | ||
| Q2 25 | 1.52× | 2.32× | ||
| Q1 25 | 1.30× | 1.63× | ||
| Q4 24 | 0.55× | 1.93× | ||
| Q3 24 | 2.30× | 1.14× | ||
| Q2 24 | 1.27× | 1.16× | ||
| Q1 24 | 1.26× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
