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Side-by-side financial comparison of Sally Beauty Holdings, Inc. (SBH) and WERNER ENTERPRISES INC (WERN). 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 $808.6M, roughly 1.2× WERNER ENTERPRISES INC). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs -0.5%, a 5.4% gap on every dollar of revenue. On growth, WERNER ENTERPRISES INC posted the faster year-over-year revenue change (13.6% vs 0.6%). Over the past eight quarters, WERNER ENTERPRISES INC's revenue compounded faster (4.3% 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.
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
SBH vs WERN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $943.2M | $808.6M |
| Net Profit | $45.6M | $-4.3M |
| Gross Margin | 51.2% | — |
| Operating Margin | 8.1% | 75.5% |
| Net Margin | 4.8% | -0.5% |
| Revenue YoY | 0.6% | 13.6% |
| Net Profit YoY | -25.3% | 57.8% |
| EPS (diluted) | $0.45 | $-0.07 |
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 | — | $808.6M | ||
| Q4 25 | $943.2M | $719.9M | ||
| Q3 25 | $947.1M | $752.2M | ||
| Q2 25 | $933.3M | $734.1M | ||
| Q1 25 | $883.1M | $693.4M | ||
| Q4 24 | $937.9M | $736.6M | ||
| Q3 24 | $935.0M | $726.3M | ||
| Q2 24 | $942.3M | $742.7M |
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $45.6M | $-27.8M | ||
| Q3 25 | $49.9M | $-20.6M | ||
| Q2 25 | $45.7M | $44.1M | ||
| Q1 25 | $39.2M | $-10.1M | ||
| Q4 24 | $61.0M | $11.9M | ||
| Q3 24 | $48.1M | $6.6M | ||
| Q2 24 | $37.7M | $9.5M |
| Q1 26 | — | — | ||
| 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 26 | — | 75.5% | ||
| Q4 25 | 8.1% | -5.0% | ||
| Q3 25 | 8.4% | -1.7% | ||
| Q2 25 | 8.4% | 9.0% | ||
| Q1 25 | 7.9% | -0.8% | ||
| Q4 24 | 10.7% | 1.8% | ||
| Q3 24 | 8.8% | 2.4% | ||
| Q2 24 | 7.6% | 2.6% |
| Q1 26 | — | -0.5% | ||
| Q4 25 | 4.8% | -3.9% | ||
| Q3 25 | 5.3% | -2.7% | ||
| Q2 25 | 4.9% | 6.0% | ||
| Q1 25 | 4.4% | -1.5% | ||
| Q4 24 | 6.5% | 1.6% | ||
| Q3 24 | 5.1% | 0.9% | ||
| Q2 24 | 4.0% | 1.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $0.45 | $-0.46 | ||
| Q3 25 | $0.49 | $-0.34 | ||
| Q2 25 | $0.44 | $0.72 | ||
| Q1 25 | $0.38 | $-0.16 | ||
| Q4 24 | $0.58 | $0.19 | ||
| Q3 24 | $0.45 | $0.11 | ||
| Q2 24 | $0.36 | $0.15 |
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 | $61.5M |
| Total DebtLower is stronger | $842.5M | $878.2M |
| Stockholders' EquityBook value | $823.6M | $1.4B |
| Total Assets | $2.9B | $3.3B |
| Debt / EquityLower = less leverage | 1.02× | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.5M | ||
| Q4 25 | $157.2M | $59.9M | ||
| Q3 25 | $149.2M | $51.0M | ||
| Q2 25 | $112.8M | $51.4M | ||
| Q1 25 | $92.2M | $52.0M | ||
| Q4 24 | $105.5M | $40.8M | ||
| Q3 24 | $108.0M | $54.7M | ||
| Q2 24 | $97.4M | $70.4M |
| Q1 26 | — | $878.2M | ||
| Q4 25 | $842.5M | $752.0M | ||
| Q3 25 | $862.0M | $725.0M | ||
| Q2 25 | $882.4M | $725.0M | ||
| Q1 25 | $902.8M | $640.0M | ||
| Q4 24 | $938.1M | $650.0M | ||
| Q3 24 | $978.3M | $690.0M | ||
| Q2 24 | $978.9M | $670.0M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $823.6M | $1.4B | ||
| Q3 25 | $794.2M | $1.4B | ||
| Q2 25 | $762.9M | $1.4B | ||
| Q1 25 | $699.8M | $1.4B | ||
| Q4 24 | $656.5M | $1.5B | ||
| Q3 24 | $628.5M | $1.4B | ||
| Q2 24 | $577.7M | $1.5B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.9B | $3.0B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.7B | $3.1B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $2.7B | $3.1B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | 1.02× | 0.55× | ||
| Q3 25 | 1.09× | 0.52× | ||
| Q2 25 | 1.16× | 0.51× | ||
| Q1 25 | 1.29× | 0.45× | ||
| Q4 24 | 1.43× | 0.45× | ||
| Q3 24 | 1.56× | 0.48× | ||
| Q2 24 | 1.69× | 0.46× |
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% | 0.2% |
| 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 | $62.3M | ||
| Q3 25 | $120.9M | $44.1M | ||
| Q2 25 | $69.4M | $46.0M | ||
| Q1 25 | $51.1M | $29.4M | ||
| Q4 24 | $33.5M | $71.0M | ||
| Q3 24 | $110.7M | $61.0M | ||
| Q2 24 | $47.9M | $109.1M |
| Q1 26 | — | — | ||
| Q4 25 | $57.5M | $-23.5M | ||
| Q3 25 | $78.0M | $-8.6M | ||
| Q2 25 | $49.1M | $-42.3M | ||
| Q1 25 | $32.2M | $5.9M | ||
| Q4 24 | $13.4M | $-9.8M | ||
| Q3 24 | $73.3M | $-73.4M | ||
| Q2 24 | $28.7M | $-31.2M |
| Q1 26 | — | — | ||
| Q4 25 | 6.1% | -3.3% | ||
| Q3 25 | 8.2% | -1.1% | ||
| Q2 25 | 5.3% | -5.8% | ||
| Q1 25 | 3.6% | 0.8% | ||
| Q4 24 | 1.4% | -1.3% | ||
| Q3 24 | 7.8% | -10.1% | ||
| Q2 24 | 3.1% | -4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | 3.8% | 11.9% | ||
| Q3 25 | 4.5% | 7.0% | ||
| Q2 25 | 2.2% | 12.0% | ||
| Q1 25 | 2.1% | 3.4% | ||
| Q4 24 | 2.1% | 11.0% | ||
| Q3 24 | 4.0% | 18.5% | ||
| Q2 24 | 2.0% | 18.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.05× | — | ||
| Q3 25 | 2.42× | — | ||
| Q2 25 | 1.52× | 1.04× | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 0.55× | 5.97× | ||
| Q3 24 | 2.30× | 9.30× | ||
| Q2 24 | 1.27× | 11.52× |
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% |
WERN
Segment breakdown not available.
