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Sally Beauty Holdings, Inc.（SBH）与STAR GROUP, L.P.（SGU）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STAR GROUP, L.P.的1.7倍（$943.2M vs $539.3M）。STAR GROUP, L.P.净利率更高（6.6% vs 4.8%，领先1.8%）。STAR GROUP, L.P.同比增速更快（10.5% vs 0.6%）。Sally Beauty Holdings, Inc.自由现金流更多（$57.5M vs $-59.7M）
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。
孤星基金（核心主体法定名称为孤星全球收购有限公司）是一家全球性私募股权投资机构，投资覆盖企业股权、房地产、信贷及各类其他金融资产。其创始人于1995年设立首支基金，截至目前已累计组建25支私募股权基金，总承诺资本超950亿美元，投资方涵盖企业及公共养老基金、主权财富基金、大学捐赠基金等。
SBH vs SGU — 直观对比
营收规模更大
SBH
是对方的1.7倍
$539.3M
营收增速更快
SGU
高出9.9%
0.6%
净利率更高
SGU
高出1.8%
4.8%
自由现金流更多
SBH
多$117.2M
$-59.7M
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $943.2M | $539.3M |
| 净利润 | $45.6M | $35.8M |
| 毛利率 | 51.2% | — |
| 营业利润率 | 8.1% | 10.1% |
| 净利率 | 4.8% | 6.6% |
| 营收同比 | 0.6% | 10.5% |
| 净利润同比 | -25.3% | 8.8% |
| 每股收益（稀释后） | $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SBHSGU
| Q4 25 | $943.2M | $539.3M | ||
| Q3 25 | $947.1M | — | ||
| Q2 25 | $933.3M | — | ||
| Q1 25 | $883.1M | — | ||
| Q4 24 | $937.9M | — | ||
| Q3 24 | $935.0M | — | ||
| Q2 24 | $942.3M | — | ||
| Q1 24 | $908.4M | — |
净利润SBHSGU
| Q4 25 | $45.6M | $35.8M | ||
| Q3 25 | $49.9M | — | ||
| Q2 25 | $45.7M | — | ||
| Q1 25 | $39.2M | — | ||
| Q4 24 | $61.0M | — | ||
| Q3 24 | $48.1M | — | ||
| Q2 24 | $37.7M | — | ||
| Q1 24 | $29.2M | — |
毛利率SBHSGU
| 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% | — |
营业利润率SBHSGU
| Q4 25 | 8.1% | 10.1% | ||
| Q3 25 | 8.4% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 8.8% | — | ||
| Q2 24 | 7.6% | — | ||
| Q1 24 | 6.6% | — |
净利率SBHSGU
| Q4 25 | 4.8% | 6.6% | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 4.4% | — | ||
| Q4 24 | 6.5% | — | ||
| Q3 24 | 5.1% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 3.2% | — |
每股收益（稀释后）SBHSGU
| 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 | — |
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 | $157.2M | $19.9M |
| 总债务越低越好 | $842.5M | $254.8M |
| 股东权益账面价值 | $823.6M | — |
| 总资产 | $2.9B | $1.1B |
| 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SBHSGU
| Q4 25 | $157.2M | $19.9M | ||
| Q3 25 | $149.2M | — | ||
| Q2 25 | $112.8M | — | ||
| Q1 25 | $92.2M | — | ||
| Q4 24 | $105.5M | — | ||
| Q3 24 | $108.0M | — | ||
| Q2 24 | $97.4M | — | ||
| Q1 24 | $97.2M | — |
总债务SBHSGU
| Q4 25 | $842.5M | $254.8M | ||
| 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 | — |
股东权益SBHSGU
| Q4 25 | $823.6M | — | ||
| Q3 25 | $794.2M | — | ||
| Q2 25 | $762.9M | — | ||
| Q1 25 | $699.8M | — | ||
| Q4 24 | $656.5M | — | ||
| Q3 24 | $628.5M | — | ||
| Q2 24 | $577.7M | — | ||
| Q1 24 | $550.9M | — |
总资产SBHSGU
| Q4 25 | $2.9B | $1.1B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
负债/权益比SBHSGU
| 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× | — |
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 | $93.2M | $-55.2M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $-59.7M |
| 自由现金流率自由现金流/营收 | 6.1% | -11.1% |
| 资本支出强度资本支出/营收 | 3.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.05× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $216.8M | — |
8季度趋势，按日历期对齐
经营现金流SBHSGU
| Q4 25 | $93.2M | $-55.2M | ||
| 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 | — |
自由现金流SBHSGU
| Q4 25 | $57.5M | $-59.7M | ||
| 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 | — |
自由现金流率SBHSGU
| Q4 25 | 6.1% | -11.1% | ||
| 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% | — |
资本支出强度SBHSGU
| Q4 25 | 3.8% | 0.8% | ||
| 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% | — |
现金转化率SBHSGU
| Q4 25 | 2.05× | -1.54× | ||
| 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× | — |
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
SBH
| Sally Beauty Supply | $531.6M | 56% |
| Beauty Systems Group | $411.6M | 44% |
SGU
| Home Heating Oil And Propane | $372.6M | 69% |
| Motor Fuel And Other Petroleum Products | $75.4M | 14% |
| Equipment Installations | $39.6M | 7% |
| Equipment Maintenance Service Contracts | $30.3M | 6% |
| Billable Call Services | $21.4M | 4% |
