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Side-by-side financial comparison of Sally Beauty Holdings, Inc. (SBH) and WillScot Holdings Corp (WSC). 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 $566.0M, roughly 1.7× WillScot Holdings Corp). Sally Beauty Holdings, Inc. runs the higher net margin — 4.8% vs -33.1%, a 37.9% gap on every dollar of revenue. On growth, Sally Beauty Holdings, Inc. posted the faster year-over-year revenue change (0.6% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $57.5M). Over the past eight quarters, Sally Beauty Holdings, Inc.'s revenue compounded faster (1.9% CAGR vs -1.8%).
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.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
SBH vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $943.2M | $566.0M |
| Net Profit | $45.6M | $-187.3M |
| Gross Margin | 51.2% | 50.4% |
| Operating Margin | 8.1% | -32.5% |
| Net Margin | 4.8% | -33.1% |
| Revenue YoY | 0.6% | -6.1% |
| Net Profit YoY | -25.3% | -310.0% |
| EPS (diluted) | $0.45 | $-1.02 |
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 | $566.0M | ||
| Q3 25 | $947.1M | $566.8M | ||
| Q2 25 | $933.3M | $589.1M | ||
| Q1 25 | $883.1M | $559.6M | ||
| Q4 24 | $937.9M | $602.5M | ||
| Q3 24 | $935.0M | $601.4M | ||
| Q2 24 | $942.3M | $604.6M | ||
| Q1 24 | $908.4M | $587.2M |
| Q4 25 | $45.6M | $-187.3M | ||
| Q3 25 | $49.9M | $43.3M | ||
| Q2 25 | $45.7M | $47.9M | ||
| Q1 25 | $39.2M | $43.1M | ||
| Q4 24 | $61.0M | $89.2M | ||
| Q3 24 | $48.1M | $-70.5M | ||
| Q2 24 | $37.7M | $-46.9M | ||
| Q1 24 | $29.2M | $56.2M |
| Q4 25 | 51.2% | 50.4% | ||
| Q3 25 | 52.2% | 49.7% | ||
| Q2 25 | 51.5% | 50.3% | ||
| Q1 25 | 52.0% | 53.7% | ||
| Q4 24 | 50.8% | 55.8% | ||
| Q3 24 | 51.2% | 53.5% | ||
| Q2 24 | 51.0% | 54.1% | ||
| Q1 24 | 51.0% | 54.0% |
| Q4 25 | 8.1% | -32.5% | ||
| Q3 25 | 8.4% | 21.0% | ||
| Q2 25 | 8.4% | 21.5% | ||
| Q1 25 | 7.9% | 21.3% | ||
| Q4 24 | 10.7% | 28.9% | ||
| Q3 24 | 8.8% | -5.9% | ||
| Q2 24 | 7.6% | -0.9% | ||
| Q1 24 | 6.6% | 22.1% |
| Q4 25 | 4.8% | -33.1% | ||
| Q3 25 | 5.3% | 7.6% | ||
| Q2 25 | 4.9% | 8.1% | ||
| Q1 25 | 4.4% | 7.7% | ||
| Q4 24 | 6.5% | 14.8% | ||
| Q3 24 | 5.1% | -11.7% | ||
| Q2 24 | 4.0% | -7.7% | ||
| Q1 24 | 3.2% | 9.6% |
| Q4 25 | $0.45 | $-1.02 | ||
| Q3 25 | $0.49 | $0.24 | ||
| Q2 25 | $0.44 | $0.26 | ||
| Q1 25 | $0.38 | $0.23 | ||
| Q4 24 | $0.58 | $0.48 | ||
| Q3 24 | $0.45 | $-0.37 | ||
| Q2 24 | $0.36 | $-0.25 | ||
| Q1 24 | $0.27 | $0.29 |
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 | $14.6M |
| Total DebtLower is stronger | $842.5M | $3.6B |
| Stockholders' EquityBook value | $823.6M | $856.3M |
| Total Assets | $2.9B | $5.8B |
| Debt / EquityLower = less leverage | 1.02× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $157.2M | $14.6M | ||
| Q3 25 | $149.2M | $14.8M | ||
| Q2 25 | $112.8M | $12.8M | ||
| Q1 25 | $92.2M | $10.7M | ||
| Q4 24 | $105.5M | $9.0M | ||
| Q3 24 | $108.0M | $11.0M | ||
| Q2 24 | $97.4M | $5.9M | ||
| Q1 24 | $97.2M | $13.1M |
| Q4 25 | $842.5M | $3.6B | ||
| Q3 25 | $862.0M | $3.6B | ||
| Q2 25 | $882.4M | $3.7B | ||
| Q1 25 | $902.8M | $3.6B | ||
| Q4 24 | $938.1M | $3.7B | ||
| Q3 24 | $978.3M | $3.6B | ||
| Q2 24 | $978.9M | $3.5B | ||
| Q1 24 | $978.4M | $3.5B |
| Q4 25 | $823.6M | $856.3M | ||
| Q3 25 | $794.2M | $1.1B | ||
| Q2 25 | $762.9M | $1.0B | ||
| Q1 25 | $699.8M | $1.0B | ||
| Q4 24 | $656.5M | $1.0B | ||
| Q3 24 | $628.5M | $1.1B | ||
| Q2 24 | $577.7M | $1.2B | ||
| Q1 24 | $550.9M | $1.3B |
| Q4 25 | $2.9B | $5.8B | ||
| Q3 25 | $2.9B | $6.1B | ||
| Q2 25 | $2.7B | $6.1B | ||
| Q1 25 | $2.7B | $6.0B | ||
| Q4 24 | $2.7B | $6.0B | ||
| Q3 24 | $2.8B | $6.0B | ||
| Q2 24 | $2.7B | $6.0B | ||
| Q1 24 | $2.7B | $6.2B |
| Q4 25 | 1.02× | 4.15× | ||
| Q3 25 | 1.09× | 3.39× | ||
| Q2 25 | 1.16× | 3.55× | ||
| Q1 25 | 1.29× | 3.56× | ||
| Q4 24 | 1.43× | 3.62× | ||
| Q3 24 | 1.56× | 3.42× | ||
| Q2 24 | 1.69× | 2.88× | ||
| Q1 24 | 1.78× | 2.63× |
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 | $158.9M |
| Free Cash FlowOCF − Capex | $57.5M | $149.7M |
| FCF MarginFCF / Revenue | 6.1% | 26.5% |
| Capex IntensityCapex / Revenue | 3.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $216.8M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.2M | $158.9M | ||
| Q3 25 | $120.9M | $191.2M | ||
| Q2 25 | $69.4M | $205.3M | ||
| Q1 25 | $51.1M | $206.6M | ||
| Q4 24 | $33.5M | $178.9M | ||
| Q3 24 | $110.7M | $-1.6M | ||
| Q2 24 | $47.9M | $175.6M | ||
| Q1 24 | $36.9M | $208.7M |
| Q4 25 | $57.5M | $149.7M | ||
| Q3 25 | $78.0M | $186.9M | ||
| Q2 25 | $49.1M | $199.0M | ||
| Q1 25 | $32.2M | $202.0M | ||
| Q4 24 | $13.4M | $176.6M | ||
| Q3 24 | $73.3M | $-4.9M | ||
| Q2 24 | $28.7M | $169.4M | ||
| Q1 24 | $22.8M | $202.1M |
| Q4 25 | 6.1% | 26.5% | ||
| Q3 25 | 8.2% | 33.0% | ||
| Q2 25 | 5.3% | 33.8% | ||
| Q1 25 | 3.6% | 36.1% | ||
| Q4 24 | 1.4% | 29.3% | ||
| Q3 24 | 7.8% | -0.8% | ||
| Q2 24 | 3.1% | 28.0% | ||
| Q1 24 | 2.5% | 34.4% |
| Q4 25 | 3.8% | 1.6% | ||
| Q3 25 | 4.5% | 0.7% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.1% | 0.8% | ||
| Q4 24 | 2.1% | 0.4% | ||
| Q3 24 | 4.0% | 0.6% | ||
| Q2 24 | 2.0% | 1.0% | ||
| Q1 24 | 1.6% | 1.1% |
| Q4 25 | 2.05× | — | ||
| Q3 25 | 2.42× | 4.41× | ||
| Q2 25 | 1.52× | 4.28× | ||
| Q1 25 | 1.30× | 4.80× | ||
| Q4 24 | 0.55× | 2.01× | ||
| Q3 24 | 2.30× | — | ||
| Q2 24 | 1.27× | — | ||
| Q1 24 | 1.26× | 3.71× |
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% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
