SBH vs. BBWI

Last updated Apr 1, 2026

Compare and contrast key facts about Sally Beauty Holdings, Inc. (SBH) and Bath & Body Works, Inc. (BBWI).

Performance

SBH vs. BBWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sally Beauty Holdings, Inc. (SBH) and Bath & Body Works, Inc. (BBWI). The values are adjusted to include any dividend payments, if applicable.

SBH vs. BBWI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBH Sally Beauty Holdings, Inc.	-2.88%	36.46%	-21.31%	6.07%	-32.18%	41.56%	-28.55%	7.04%	-9.12%	-28.99%
BBWI Bath & Body Works, Inc.	-6.25%	-46.52%	-8.26%	4.68%	-38.40%	133.77%	107.78%	-25.18%	-54.31%	-3.87%

Fundamentals

EPS SBH : $1.77 BBWI : $3.29
PE Ratio SBH : 7.82 BBWI : 5.68
PS Ratio SBH : 0.38 BBWI : 0.54
Total Revenue (TTM) SBH : $3.71B BBWI : $7.35B
Gross Profit (TTM) SBH : $1.92B BBWI : $3.25B
EBITDA (TTM) SBH : $380.26M BBWI : $1.50B

Returns By Period

In the year-to-date period, SBH achieves a -2.88% return, which is significantly higher than BBWI's -6.25% return. Over the past 10 years, SBH has outperformed BBWI with an annualized return of -8.22%, while BBWI has yielded a comparatively lower -9.63% annualized return.

SBH

• 1D: 3.28%
• 1M: -13.81%
• YTD: -2.88%
• 6M: -14.93%
• 1Y: 53.38%
• 3Y*: -3.85%
• 5Y*: -7.25%
• 10Y*: -8.22%

BBWI

• 1D: 0.00%
• 1M: -17.97%
• YTD: -6.25%
• 6M: -25.98%
• 1Y: -36.20%
• 3Y*: -17.96%
• 5Y*: -16.04%
• 10Y*: -9.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

SBH vs. BBWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBH

SBH Risk / Return Rank: 77
SBH Sharpe Ratio Rank: 75
SBH Sortino Ratio Rank: 76
SBH Omega Ratio Rank: 70
SBH Calmar Ratio Rank: 83
SBH Martin Ratio Rank: 81

BBWI

BBWI Risk / Return Rank: 16
BBWI Sharpe Ratio Rank: 15
BBWI Sortino Ratio Rank: 17
BBWI Omega Ratio Rank: 18
BBWI Calmar Ratio Rank: 18
BBWI Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SBH vs. BBWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sally Beauty Holdings, Inc. (SBH) and Bath & Body Works, Inc. (BBWI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SBH	BBWI	Difference
Sharpe ratio Return per unit of total volatility	1.02	-0.61	+1.63
Sortino ratio Return per unit of downside risk	1.82	-0.62	+2.44
Omega ratio Gain probability vs. loss probability	1.21	0.92	+0.29
Calmar ratio Return relative to maximum drawdown	2.60	-0.68	+3.28
Martin ratio Return relative to average drawdown	6.13	-1.42	+7.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SBH vs. BBWI - Sharpe Ratio Comparison

The current SBH Sharpe Ratio is 1.02, which is higher than the BBWI Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of SBH and BBWI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SBH	BBWI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	-0.61	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.32	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.17	-0.18	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.18	-0.12

Correlation

The correlation between SBH and BBWI is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SBH vs. BBWI - Dividend Comparison

SBH has not paid dividends to shareholders, while BBWI's dividend yield for the trailing twelve months is around 4.28%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBH Sally Beauty Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BBWI Bath & Body Works, Inc.	4.28%	3.98%	2.06%	1.85%	1.90%	22.61%	0.81%	6.62%	9.35%	3.99%	6.68%	4.17%

Drawdowns

SBH vs. BBWI - Drawdown Comparison

The maximum SBH drawdown since its inception was -80.53%, smaller than the maximum BBWI drawdown of -88.22%. Use the drawdown chart below to compare losses from any high point for SBH and BBWI.

Drawdown Indicators

	SBH	BBWI	Difference
Max Drawdown Largest peak-to-trough decline	-80.53%	-88.22%	+7.69%
Max Drawdown (1Y) Largest decline over 1 year	-21.76%	-55.16%	+33.40%
Max Drawdown (5Y) Largest decline over 5 years	-71.29%	-79.16%	+7.87%
Max Drawdown (10Y) Largest decline over 10 years	-79.22%	-87.09%	+7.87%
Current Drawdown Current decline from peak	-60.29%	-73.58%	+13.29%
Average Drawdown Average peak-to-trough decline	-35.92%	-30.14%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	26.47%	-17.26%

Volatility

SBH vs. BBWI - Volatility Comparison

The current volatility for Sally Beauty Holdings, Inc. (SBH) is 10.61%, while Bath & Body Works, Inc. (BBWI) has a volatility of 20.20%. This indicates that SBH experiences smaller price fluctuations and is considered to be less risky than BBWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBH	BBWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.61%	20.20%	-9.59%
Volatility (6M) Calculated over the trailing 6-month period	30.89%	45.96%	-15.07%
Volatility (1Y) Calculated over the trailing 1-year period	52.63%	59.26%	-6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.35%	49.76%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.54%	54.32%	-4.78%

Financials

SBH vs. BBWI - Profitability Comparison

The chart below illustrates the profitability comparison between Sally Beauty Holdings, Inc. and Bath & Body Works, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SBH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sally Beauty Holdings, Inc. reported a gross profit of 483.26M and revenue of 943.17M. Therefore, the gross margin over that period was 51.2%.

BBWI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bath & Body Works, Inc. reported a gross profit of 658.00M and revenue of 1.59B. Therefore, the gross margin over that period was 41.3%.

SBH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sally Beauty Holdings, Inc. reported an operating income of 75.94M and revenue of 943.17M, resulting in an operating margin of 8.1%.

BBWI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bath & Body Works, Inc. reported an operating income of 161.00M and revenue of 1.59B, resulting in an operating margin of 10.1%.

SBH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sally Beauty Holdings, Inc. reported a net income of 45.56M and revenue of 943.17M, resulting in a net margin of 4.8%.

BBWI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bath & Body Works, Inc. reported a net income of 77.00M and revenue of 1.59B, resulting in a net margin of 4.8%.