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Leslie's, Inc.（LESL）与Sally Beauty Holdings, Inc.（SBH）财务数据对比。点击上方公司名可切换其他公司
Sally Beauty Holdings, Inc.的季度营收约是Leslie's, Inc.的6.4倍（$943.2M vs $147.1M）。Sally Beauty Holdings, Inc.净利率更高（4.8% vs -56.4%，领先61.2%）。Sally Beauty Holdings, Inc.同比增速更快（0.6% vs -16.0%）。Sally Beauty Holdings, Inc.自由现金流更多（$57.5M vs $-85.5M）。过去两年Sally Beauty Holdings, Inc.的营收复合增速更高（1.9% vs -11.7%）
莱斯利公司（Leslie's, Inc.）主营游泳池相关用品零售，旗下运营莱斯利游泳池用品品牌，是全球规模最大的游泳池用品零售商。公司总部坐落于美国亚利桑那州凤凰城，在亚利桑那、加利福尼亚、佛罗里达、佐治亚及得克萨斯等州拥有极强的零售布局优势。
莎莉美容控股是美国的跨国专业美妆用品零售及分销商，主营专业级美容相关产品供应，年营收超39亿美元，业务覆盖全球多个市场，在专业美容供应链领域拥有较高的行业知名度。
LESL vs SBH — 直观对比
营收规模更大
SBH
是对方的6.4倍
$147.1M
营收增速更快
SBH
高出16.6%
-16.0%
净利率更高
SBH
高出61.2%
-56.4%
自由现金流更多
SBH
多$142.9M
$-85.5M
两年增速更快
SBH
近两年复合增速
-11.7%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $147.1M | $943.2M |
| 净利润 | $-83.0M | $45.6M |
| 毛利率 | 18.4% | 51.2% |
| 营业利润率 | -46.7% | 8.1% |
| 净利率 | -56.4% | 4.8% |
| 营收同比 | -16.0% | 0.6% |
| 净利润同比 | -86.2% | -25.3% |
| 每股收益（稀释后） | $-8.92 | $0.45 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LESLSBH
| Q1 26 | $147.1M | — | ||
| Q4 25 | $389.2M | $943.2M | ||
| Q3 25 | — | $947.1M | ||
| Q2 25 | $500.3M | $933.3M | ||
| Q1 25 | $177.1M | $883.1M | ||
| Q4 24 | $175.2M | $937.9M | ||
| Q3 24 | $397.9M | $935.0M | ||
| Q2 24 | $569.6M | $942.3M |
净利润LESLSBH
| Q1 26 | $-83.0M | — | ||
| Q4 25 | $-162.8M | $45.6M | ||
| Q3 25 | — | $49.9M | ||
| Q2 25 | $21.7M | $45.7M | ||
| Q1 25 | $-51.3M | $39.2M | ||
| Q4 24 | $-44.6M | $61.0M | ||
| Q3 24 | $-9.9M | $48.1M | ||
| Q2 24 | $60.6M | $37.7M |
毛利率LESLSBH
| Q1 26 | 18.4% | — | ||
| Q4 25 | 38.6% | 51.2% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | 39.6% | 51.5% | ||
| Q1 25 | 24.8% | 52.0% | ||
| Q4 24 | 27.2% | 50.8% | ||
| Q3 24 | 36.0% | 51.2% | ||
| Q2 24 | 40.2% | 51.0% |
营业利润率LESLSBH
| Q1 26 | -46.7% | — | ||
| Q4 25 | -38.6% | 8.1% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | 13.7% | 8.4% | ||
| Q1 25 | -27.3% | 7.9% | ||
| Q4 24 | -22.7% | 10.7% | ||
| Q3 24 | 6.6% | 8.8% | ||
| Q2 24 | 17.2% | 7.6% |
净利率LESLSBH
| Q1 26 | -56.4% | — | ||
| Q4 25 | -41.8% | 4.8% | ||
| Q3 25 | — | 5.3% | ||
| Q2 25 | 4.3% | 4.9% | ||
| Q1 25 | -29.0% | 4.4% | ||
| Q4 24 | -25.4% | 6.5% | ||
| Q3 24 | -2.5% | 5.1% | ||
| Q2 24 | 10.6% | 4.0% |
每股收益（稀释后）LESLSBH
| Q1 26 | $-8.92 | — | ||
| Q4 25 | $-20.59 | $0.45 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | $0.12 | $0.44 | ||
| Q1 25 | $-0.28 | $0.38 | ||
| Q4 24 | $-4.82 | $0.58 | ||
| Q3 24 | $-2.46 | $0.45 | ||
| Q2 24 | $0.33 | $0.36 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $3.6M | $157.2M |
| 总债务越低越好 | $781.6M | $842.5M |
| 股东权益账面价值 | $-489.9M | $823.6M |
| 总资产 | $649.4M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 1.02× |
8季度趋势，按日历期对齐
现金及短期投资LESLSBH
| Q1 26 | $3.6M | — | ||
| Q4 25 | $64.3M | $157.2M | ||
| Q3 25 | — | $149.2M | ||
| Q2 25 | $42.7M | $112.8M | ||
| Q1 25 | $17.3M | $92.2M | ||
| Q4 24 | $11.6M | $105.5M | ||
| Q3 24 | $108.5M | $108.0M | ||
| Q2 24 | $74.4M | $97.4M |
总债务LESLSBH
| Q1 26 | $781.6M | — | ||
| Q4 25 | $756.6M | $842.5M | ||
| Q3 25 | — | $862.0M | ||
| Q2 25 | $776.6M | $882.4M | ||
| Q1 25 | $858.1M | $902.8M | ||
| Q4 24 | $796.6M | $938.1M | ||
| Q3 24 | $783.7M | $978.3M | ||
| Q2 24 | $783.7M | $978.9M |
股东权益LESLSBH
| Q1 26 | $-489.9M | — | ||
| Q4 25 | $-408.0M | $823.6M | ||
| Q3 25 | — | $794.2M | ||
| Q2 25 | $-246.2M | $762.9M | ||
| Q1 25 | $-269.5M | $699.8M | ||
| Q4 24 | $-220.0M | $656.5M | ||
| Q3 24 | $-177.1M | $628.5M | ||
| Q2 24 | $-168.2M | $577.7M |
总资产LESLSBH
| Q1 26 | $649.4M | — | ||
| Q4 25 | $741.5M | $2.9B | ||
| Q3 25 | — | $2.9B | ||
| Q2 25 | $989.5M | $2.7B | ||
| Q1 25 | $1.0B | $2.7B | ||
| Q4 24 | $967.0M | $2.7B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B |
负债/权益比LESLSBH
| Q1 26 | — | — | ||
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-81.1M | $93.2M |
| 自由现金流经营现金流 - 资本支出 | $-85.5M | $57.5M |
| 自由现金流率自由现金流/营收 | -58.1% | 6.1% |
| 资本支出强度资本支出/营收 | 2.9% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | $7.6M | $216.8M |
8季度趋势，按日历期对齐
经营现金流LESLSBH
| Q1 26 | $-81.1M | — | ||
| Q4 25 | $48.2M | $93.2M | ||
| Q3 25 | — | $120.9M | ||
| Q2 25 | $114.9M | $69.4M | ||
| Q1 25 | $-49.2M | $51.1M | ||
| Q4 24 | $-105.1M | $33.5M | ||
| Q3 24 | $47.1M | $110.7M | ||
| Q2 24 | $175.5M | $47.9M |
自由现金流LESLSBH
| Q1 26 | $-85.5M | — | ||
| Q4 25 | $41.8M | $57.5M | ||
| Q3 25 | — | $78.0M | ||
| Q2 25 | $107.1M | $49.1M | ||
| Q1 25 | $-55.8M | $32.2M | ||
| Q4 24 | $-109.8M | $13.4M | ||
| Q3 24 | $34.1M | $73.3M | ||
| Q2 24 | $165.2M | $28.7M |
自由现金流率LESLSBH
| Q1 26 | -58.1% | — | ||
| Q4 25 | 10.7% | 6.1% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | 21.4% | 5.3% | ||
| Q1 25 | -31.5% | 3.6% | ||
| Q4 24 | -62.6% | 1.4% | ||
| Q3 24 | 8.6% | 7.8% | ||
| Q2 24 | 29.0% | 3.1% |
资本支出强度LESLSBH
| Q1 26 | 2.9% | — | ||
| Q4 25 | 1.7% | 3.8% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | 1.6% | 2.2% | ||
| Q1 25 | 3.7% | 2.1% | ||
| Q4 24 | 2.7% | 2.1% | ||
| Q3 24 | 3.2% | 4.0% | ||
| Q2 24 | 1.8% | 2.0% |
现金转化率LESLSBH
| Q1 26 | — | — | ||
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | 5.29× | 1.52× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 2.30× | ||
| Q2 24 | 2.89× | 1.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LESL
暂无分部数据
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
