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Bath & Body Works vs Sally Beauty Holdings: BBWI and SBH compared
Bath & Body Works is the larger company: $1.5B of revenue in its latest quarter (Q2 FY27) against $935M for Sally Beauty Holdings (Q3 FY26). Sally Beauty Holdings is growing faster (+0.2% against -2% a year earlier). Bath & Body Works is more profitable, with an operating margin of 14.3% against 9.2%.
Where the money goes: BBWI and SBH
Bath & Body Works (BBWI) · Q2 FY27
Bath & Body Works, Q2 FY27: revenue $1.5B (-2% year over year), operating margin 14.3%, net earnings $118M, operating cash flow $72.0M. The chart follows the revenue to costs, profit and cash.
Sally Beauty Holdings (SBH) · Q3 FY26
Sally Beauty Holdings, Q3 FY26: revenue $935M (+0.2% year over year), operating margin 9.2%, net earnings $54.1M, operating cash flow $80.9M. The chart follows the revenue to costs, profit and cash.
| Bath & Body Works (BBWI) | Sally Beauty Holdings (SBH) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 FY26 |
| Revenue | $1.5B | $935M |
| Revenue growth, Y/Y | -2% | +0.2% |
| Gross margin | 45.7% | 52.4% |
| Operating margin | 14.3% | 9.2% |
| Net earnings | $118M | $54.1M |
| Net margin | 7.8% | 5.8% |
| Operating cash flow | $72.0M | $80.9M |
| Free cash flow | $23.0M | $61.6M |
| Market value | $4.3B | $1.8B |
| P/E | 5.5× | 9.3× |
| Analysts’ mean target | $24.53 | $17.00 |
Questions
Which is bigger, Bath & Body Works or Sally Beauty Holdings?
Bath & Body Works is the larger company: $1.5B of revenue in its latest quarter (Q2 FY27) against $935M for Sally Beauty Holdings (Q3 FY26).
Is Bath & Body Works or Sally Beauty Holdings growing faster?
Sally Beauty Holdings is growing faster (+0.2% against -2% a year earlier).
Which is more profitable, Bath & Body Works or Sally Beauty Holdings?
Bath & Body Works is more profitable, with an operating margin of 14.3% against 9.2%.
More: Bath & Body Works earnings · how Bath & Body Works makes money · Sally Beauty Holdings earnings · how Sally Beauty Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 26, 2026; 10-Q filed Aug 3, 2026). Fiscal quarters can end on different dates. Not investment advice.