Filing Flows › Comparisons › ULTA vs SBH
Ulta Beauty vs Sally Beauty Holdings: ULTA and SBH compared
Ulta Beauty is the larger company: $3.0B of revenue in its latest quarter (Q2 FY27) against $935M for Sally Beauty Holdings (Q3 FY26). Ulta Beauty is growing faster (+9% against +0.2% a year earlier). Ulta Beauty is more profitable, with an operating margin of 12.5% against 9.2%.
Where the money goes: ULTA and SBH
Ulta Beauty (ULTA) · Q2 FY27
Ulta Beauty, Q2 FY27: revenue $3.0B (+9% year over year), operating margin 12.5%, net earnings $282M, operating cash flow $120M. 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.
| Ulta Beauty (ULTA) | Sally Beauty Holdings (SBH) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 FY26 |
| Revenue | $3.0B | $935M |
| Revenue growth, Y/Y | +9% | +0.2% |
| Gross margin | 39.1% | 52.4% |
| Operating margin | 12.5% | 9.2% |
| Net earnings | $282M | $54.1M |
| Net margin | 9.3% | 5.8% |
| Operating cash flow | $120M | $80.9M |
| Free cash flow | $38.4M | $61.6M |
| Market value | $27.8B | $1.8B |
| P/E | 22.8× | 9.3× |
| Analysts’ mean target | $635.84 | $17.00 |
Questions
Which is bigger, Ulta Beauty or Sally Beauty Holdings?
Ulta Beauty is the larger company: $3.0B of revenue in its latest quarter (Q2 FY27) against $935M for Sally Beauty Holdings (Q3 FY26).
Is Ulta Beauty or Sally Beauty Holdings growing faster?
Ulta Beauty is growing faster (+9% against +0.2% a year earlier).
Which is more profitable, Ulta Beauty or Sally Beauty Holdings?
Ulta Beauty is more profitable, with an operating margin of 12.5% against 9.2%.
More: Ulta Beauty earnings · how Ulta Beauty 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 27, 2026; 10-Q filed Aug 3, 2026). Fiscal quarters can end on different dates. Not investment advice.