vs
Side-by-side financial comparison of Sally Beauty Holdings, Inc. (SBH) and VinFast Auto Ltd. (VFS). 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 $718.6M, roughly 1.3× VinFast Auto Ltd.). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs -2.8%, a 7.6% gap on every dollar of revenue.
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.
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
SBH vs VFS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $943.2M | $718.6M |
| Net Profit | $45.6M | $-20.0M |
| Gross Margin | 51.2% | — |
| Operating Margin | 8.1% | -96.1% |
| Net Margin | 4.8% | -2.8% |
| 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 | $943.2M | — | ||
| Q3 25 | $947.1M | $718.6M | ||
| Q2 25 | $933.3M | $663.0M | ||
| Q1 25 | $883.1M | $656.5M | ||
| Q4 24 | $937.9M | — | ||
| Q3 24 | $935.0M | $511.6M | ||
| Q2 24 | $942.3M | — | ||
| Q1 24 | $908.4M | $302.6M |
| Q4 25 | $45.6M | — | ||
| Q3 25 | $49.9M | $-20.0M | ||
| Q2 25 | $45.7M | $-51.8M | ||
| Q1 25 | $39.2M | $-26.1M | ||
| Q4 24 | $61.0M | — | ||
| Q3 24 | $48.1M | $-10.4M | ||
| Q2 24 | $37.7M | — | ||
| Q1 24 | $29.2M | $-618.3M |
| 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% | -96.1% | ||
| Q2 25 | 8.4% | -79.0% | ||
| Q1 25 | 7.9% | -74.0% | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 8.8% | -65.9% | ||
| Q2 24 | 7.6% | — | ||
| Q1 24 | 6.6% | -139.4% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 5.3% | -2.8% | ||
| Q2 25 | 4.9% | -7.8% | ||
| Q1 25 | 4.4% | -4.0% | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 5.1% | -2.0% | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 3.2% | -204.3% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.49 | — | ||
| Q2 25 | $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 | $157.2M | $8.8M |
| Total DebtLower is stronger | $842.5M | — |
| Stockholders' EquityBook value | $823.6M | — |
| Total Assets | $2.9B | $183.2M |
| Debt / EquityLower = less leverage | 1.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.2M | — | ||
| Q3 25 | $149.2M | $8.8M | ||
| Q2 25 | $112.8M | $650.0M | ||
| Q1 25 | $92.2M | $2.4M | ||
| Q4 24 | $105.5M | — | ||
| Q3 24 | $108.0M | $1.9M | ||
| Q2 24 | $97.4M | — | ||
| Q1 24 | $97.2M | $3.0M |
| 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 | — | ||
| Q3 25 | $794.2M | — | ||
| Q2 25 | $762.9M | $-7.2B | ||
| Q1 25 | $699.8M | — | ||
| Q4 24 | $656.5M | — | ||
| Q3 24 | $628.5M | — | ||
| Q2 24 | $577.7M | — | ||
| Q1 24 | $550.9M | — |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | $183.2M | ||
| Q2 25 | $2.7B | $7.2B | ||
| Q1 25 | $2.7B | $158.2M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | $151.8M | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | $145.6M |
| 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 | — |
| Free Cash FlowOCF − Capex | $57.5M | — |
| FCF MarginFCF / Revenue | 6.1% | — |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 2.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $216.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.2M | — | ||
| Q3 25 | $120.9M | — | ||
| Q2 25 | $69.4M | — | ||
| Q1 25 | $51.1M | — | ||
| Q4 24 | $33.5M | — | ||
| Q3 24 | $110.7M | — | ||
| Q2 24 | $47.9M | — | ||
| Q1 24 | $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 | 2.42× | — | ||
| Q2 25 | 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
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
