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Ulta Beauty, Inc.(ULTA)Earnings, Financials & Key Ratios
ULTA•NASDAQ
17.8× P/E·Price updated Jun 19, 2026
AboutUlta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states. It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.Show more
- Revenue$12.39B+9.7%
- EBITDA$1.85B+0.2%
- Net Income$1.15B-4.0%
- EPS (Diluted)25.64+1.2%
- Gross Margin39.1%+0.7%
- EBITDA Margin14.92%-8.7%
- Operating Margin12.5%-10.6%
- Net Margin9.31%-12.5%
- ROE43.59%-13.5%
ULTA Key Insights
Ulta Beauty, Inc. (ULTA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 51.6%
- ✓Strong 5Y profit CAGR of 45.7%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 15.0%
- ✓Share count reduced 5.1% through buybacks
- ✓Healthy 5Y average net margin of 11.0%
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ULTA Price & Volume
Ulta Beauty, Inc. (ULTA) stock price & volume — 10-year historical chart
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ULTA Growth Metrics
Ulta Beauty, Inc. (ULTA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.19%
5 Years15.04%
3 Years6.68%
TTM11.3%
Profit CAGR
10 Years13.68%
5 Years45.67%
3 Years-2.45%
TTM-0.35%
EPS CAGR
10 Years17.81%
5 Years52.49%
3 Years2.21%
TTM4.22%
Return on Capital
10 Years34.9%
5 Years40%
3 Years38.73%
Last Year34.43%
ULTA Recent Earnings
Ulta Beauty, Inc. (ULTA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q3 2026Latest
Jun 2, 2026Metric
Actual
Est
EPS
$7.74+12.3%
$6.89
Rev
$3.2B+1.4%
$3.1B
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$8.01-1.1%
$8.10
Rev
$3.9B+1.6%
$3.8B
Q4 2025
Dec 4, 2025Metric
Actual
Est
EPS
$5.14+11.5%
$4.61
Rev
$2.9B+5.3%
$2.7B
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$5.78+13.3%
$5.10
Rev
$2.8B+4.1%
$2.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 2, 2026 | $7.74vs $6.89+12.3% | $3.2Bvs $3.1B+1.4% |
| Q2 2026 | Mar 12, 2026 | $8.01vs $8.10-1.1% | $3.9Bvs $3.8B+1.6% |
| Q4 2025 | Dec 4, 2025 | $5.14vs $4.61+11.5% | $2.9Bvs $2.7B+5.3% |
| Q3 2025 | Aug 28, 2025 | $5.78vs $5.10+13.3% | $2.8Bvs $2.7B+4.1% |
Based on last 12 quarters of dataView full earnings history →
ULTA Peer Comparison
Ulta Beauty, Inc. (ULTA) competitors in Beauty and Personal Care Retail — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BBWI | 4.14B | 20.56 | 6.70 | -0.22% | 10.03% | |||
 ELF | 3.82B | 64.20 | 145.91 | 24.59% | 3.34% | 5.16% | 0.81 | |
 COTY | 1.72B | 1.95 | -4.43 | -3.68% | -9.26% | -14.13% | 1.07 | |
 SBH | 1.32B | 13.83 | 7.32 | -0.42% | 4.93% | 22.86% | 1.97 | |
 SKIN | 85.9M | 0.66 | -4.14 | -10.02% | -2.03% | -9.41% | 6.20 | |
 TJX | 181.32B | 163.82 | 33.57 | 7.12% | 9.4% | 59.66% | 1.32 | |
 FIVE | 10.73B | 194.06 | 30.04 | 22.9% | 8.67% | 21.07% | 0.93 | |
 OLLI | 4.65B | 76.91 | 19.77 | 16.62% | 9.13% | 13.49% | 0.36 |
Compare ULTA vs Peers
Ulta Beauty, Inc. (ULTA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ULTA Income Statement
Ulta Beauty, Inc. (ULTA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 5.88B | 6.72B | 7.4B | 6.15B | 8.63B | 10.21B | 11.21B | 11.3B | 12.39B | 12.71B |
Revenue Growth % | 21.21% | 14.14% | 10.15% | -16.84% | 40.3% | 18.28% | 9.78% | 0.79% | 9.71% | 11.3% |
Cost of Goods Sold | 3.79B | 4.31B | 4.72B | 4.2B | 5.26B | 6.16B | 6.83B | 6.91B | 7.55B | 7.71B |
COGS % of Revenue | 64.37% | 64.13% | 63.76% | 68.32% | 60.97% | 60.38% | 60.91% | 61.16% | 60.9% | - |
Gross Profit | 2.1B▲ 0% | 2.41B▲ 14.9% | 2.68B▲ 11.3% | 1.95B▼ 27.3% | 3.37B▲ 72.8% | 4.04B▲ 20.1% | 4.38B▲ 8.3% | 4.39B▲ 0.1% | 4.85B▲ 10.4% | 5B▲ 0% |
Gross Margin % | 35.63% | 35.87% | 36.24% | 31.68% | 39.03% | 39.62% | 39.09% | 38.84% | 39.1% | 39.33% |
Gross Profit Growth % | 20.01% | 14.9% | 11.28% | -27.3% | 72.82% | 20.07% | 8.32% | 0.14% | 10.44% | - |
Operating Expenses | 1.29B | 1.54B | 1.76B | 1.64B | 2.12B | 2.4B | 2.69B | 2.81B | 3.3B | 3.4B |
OpEx % of Revenue | 21.87% | 22.86% | 23.8% | 26.58% | 24.54% | 23.46% | 24.04% | 24.86% | 26.6% | - |
Selling, General & Admin | 1.29B | 1.54B | 1.76B | 1.64B | 2.12B | 2.4B | 2.69B | 2.81B | 3.3B | 3.4B |
SG&A % of Revenue | 21.87% | 22.86% | 23.8% | 26.58% | 24.54% | 23.46% | 24.04% | 24.86% | 26.6% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | 809.58M▲ 0% | 873.85M▲ 7.9% | 920.35M▲ 5.3% | 313.74M▼ 65.9% | 1.25B▲ 298.6% | 1.65B▲ 31.9% | 1.69B▲ 2.3% | 1.58B▼ 6.4% | 1.55B▼ 1.9% | 1.59B▲ 0% |
Operating Margin % | 13.76% | 13.01% | 12.44% | 5.1% | 14.49% | 16.16% | 15.05% | 13.98% | 12.5% | 12.54% |
Operating Income Growth % | 20.22% | 7.94% | 5.32% | -65.91% | 298.61% | 31.88% | 2.26% | -6.4% | -1.89% | - |
EBITDA | 1.06B | 1.15B | 1.22B | 611.51M | 1.52B | 1.89B | 1.93B | 1.85B | 1.85B | 1.82B |
EBITDA Margin % | 18.05% | 17.17% | 16.44% | 9.94% | 17.6% | 18.52% | 17.22% | 16.34% | 14.92% | 14.35% |
EBITDA Growth % | 20.21% | 8.57% | 5.43% | -49.71% | 148.41% | 24.46% | 2.1% | -4.39% | 0.21% | -1.58% |
D&A (Non-Cash Add-back) | 252.71M | 279.47M | 295.6M | 297.77M | 268.46M | 241.37M | 243.84M | 267.04M | 300.77M | 228.74M |
EBIT | 786.86M | 859.14M | 906.15M | 236.82M | 1.3B | 1.64B | 1.7B | 1.58B | 1.53B | 1.58B |
Net Interest Income | 1.57M | 5.06M | 5.06M | -5.74M | -1.66M | 4.93M | 17.62M | 15.09M | -1.79M | -5.99M |
Interest Income | 1.57M | 5.06M | 5.06M | 0 | 0 | 4.93M | 17.62M | 15.09M | 0 | 1.41M |
Interest Expense | 0 | 0 | 0 | 5.74M | 1.66M | 0 | 0 | 0 | 1.79M | 7.4M |
Other Income/Expense | -22.72M | -14.71M | -14.2M | -82.65M | 45.25M | -5.67M | 9.11M | 1.41M | -17.61M | -20.26M |
Pretax Income | 786.86M▲ 0% | 859.14M▲ 9.2% | 906.15M▲ 5.5% | 231.09M▼ 74.5% | 1.3B▲ 460.8% | 1.64B▲ 26.8% | 1.7B▲ 3.2% | 1.58B▼ 6.8% | 1.53B▼ 3.1% | 1.57B▲ 0% |
Pretax Margin % | 13.37% | 12.79% | 12.25% | 3.76% | 15.01% | 16.1% | 15.13% | 13.99% | 12.36% | 12.38% |
Income Tax | 231.63M | 200.58M | 200.21M | 55.25M | 309.99M | 401.14M | 404.65M | 378.95M | 373.87M | 381.08M |
Effective Tax Rate % | 29.44% | 23.35% | 22.09% | 23.91% | 23.92% | 24.41% | 23.86% | 23.98% | 24.42% | 24.22% |
Net Income | 555.23M▲ 0% | 658.56M▲ 18.6% | 705.95M▲ 7.2% | 175.84M▼ 75.1% | 985.84M▲ 460.7% | 1.24B▲ 26.0% | 1.29B▲ 3.9% | 1.2B▼ 7.0% | 1.15B▼ 4.0% | 1.19B▲ 0% |
Net Margin % | 9.44% | 9.8% | 9.54% | 2.86% | 11.42% | 12.17% | 11.52% | 10.63% | 9.31% | 9.36% |
Net Income Growth % | 35.5% | 18.61% | 7.2% | -75.09% | 460.66% | 26.03% | 3.91% | -6.96% | -3.97% | -0.35% |
Net Income (Continuing) | 555.23M | 658.56M | 705.95M | 175.84M | 985.84M | 1.24B | 1.29B | 1.2B | 1.16B | 1.19B |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | 8.96▲ 0% | 10.94▲ 22.1% | 12.15▲ 11.1% | 3.11▼ 74.4% | 17.98▲ 478.1% | 24.01▲ 33.5% | 26.03▲ 8.4% | 25.34▼ 2.7% | 25.64▲ 1.2% | 27.04▲ 0% |
EPS Growth % | 37.42% | 22.1% | 11.06% | -74.4% | 478.13% | 33.54% | 8.41% | -2.65% | 1.18% | 4.22% |
EPS (Basic) | 9.02 | 11.00 | 12.21 | 3.12 | 18.09 | 24.17 | 26.18 | 25.44 | 25.72 | - |
Diluted Shares Outstanding | 61.98M | 60.18M | 58.1M | 56.56M | 54.84M | 51.74M | 49.6M | 47.4M | 44.99M | 43.96M |
Basic Shares Outstanding | 61.56M | 59.86M | 57.84M | 56.35M | 54.48M | 51.4M | 49.3M | 47.21M | 44.84M | 43.78M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
ULTA Balance Sheet
Ulta Beauty, Inc. (ULTA) balance sheet — assets, liabilities & shareholders' equity
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 1.69B | 1.91B | 2.06B | 2.51B | 2.28B | 2.71B | 2.84B | 3.03B | 3.14B | 3.02B |
Cash & Short-Term Investments | 397.44M | 409.25M | 502.32M | 1.05B | 431.56M | 737.88M | 766.59M | 703.2M | 494.24M | 221.3M |
Cash Only | 277.44M | 409.25M | 392.32M | 1.05B | 431.56M | 737.88M | 766.59M | 703.2M | 424.24M | 166.3M |
Short-Term Investments | 120M | 0 | 110M | 0 | 0 | 0 | 0 | 0 | 70M | 55M |
Accounts Receivable | 99.72M | 136.17M | 139.34M | 193.11M | 233.68M | 199.42M | 207.94M | 223.33M | 296.22M | 248.24M |
Days Sales Outstanding | 6.19 | 7.4 | 6.87 | 11.46 | 9.88 | 7.13 | 6.77 | 7.22 | 8.72 | 7.23 |
Inventory | 1.1B | 1.21B | 1.29B | 1.17B | 1.5B | 1.6B | 1.74B | 1.97B | 2.18B | 2.39B |
Days Inventory Outstanding | 105.66 | 102.9 | 100.11 | 101.46 | 103.99 | 94.95 | 93.15 | 103.99 | 105.48 | 115.02 |
Other Current Assets | 98.67M | 138.12M | 103.57M | 107.4M | 62.21M | 69.54M | 50.2M | 63.71M | 172.56M | 165.65M |
Total Non-Current Assets | 1.21B | 1.28B | 2.81B | 2.58B | 2.48B | 2.66B | 2.87B | 2.97B | 3.86B | 3.87B |
Property, Plant & Equipment | 1.19B | 1.23B | 2.74B | 2.5B | 2.4B | 2.57B | 2.76B | 2.85B | 3.25B | 3.27B |
Fixed Asset Turnover | 4.95x | 5.48x | 2.70x | 2.46x | 3.60x | 3.97x | 4.07x | 3.96x | 3.82x | 4.03x |
Goodwill | 0 | 10.87M | 10.87M | 10.87M | 10.87M | 10.87M | 10.87M | 10.87M | 226.42M | 224.63M |
Intangible Assets | 0 | 4.32M | 3.39M | 2.46M | 1.54M | 1.31M | 510K | 204K | 203.29M | 201.6M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 25.49M | 35.09M | 51.2M | 61.45M | 74.06M | 78.39M | 102.25M | 112.65M | 178.3M | 177.43M |
Total Assets | 2.91B▲ 0% | 3.19B▲ 9.7% | 4.86B▲ 52.4% | 5.09B▲ 4.6% | 4.76B▼ 6.4% | 5.37B▲ 12.7% | 5.71B▲ 6.3% | 6B▲ 5.2% | 7B▲ 16.6% | 6.9B▲ 0% |
Asset Turnover | 2.02x | 2.10x | 1.52x | 1.21x | 1.81x | 1.90x | 1.96x | 1.88x | 1.77x | 1.85x |
Asset Growth % | 13.98% | 9.71% | 52.42% | 4.65% | -6.4% | 12.72% | 6.27% | 5.16% | 16.62% | 65.05% |
Total Current Liabilities | 642.17M | 823.74M | 1.14B | 1.34B | 1.56B | 1.68B | 1.66B | 1.78B | 2.22B | 2.3B |
Accounts Payable | 325.76M | 404.02M | 414.01M | 477.05M | 552.73M | 559.53M | 544M | 563.76M | 685.89M | 713.77M |
Days Payables Outstanding | 31.39 | 34.24 | 32.04 | 41.43 | 38.34 | 33.13 | 29.09 | 29.79 | 33.17 | 33.94 |
Short-Term Debt | 0 | 0 | 239.63M | 253.41M | 274.12M | 283.29M | 283.82M | 288.11M | 368.96M | 144.9M |
Deferred Revenue (Current) | 63.14M | 199.05M | 237.53M | 274.38M | 353.58M | 394.68M | 436.59M | 500.58M | 582.38M | 2.05B |
Other Current Liabilities | 156.57M | 124.65M | 168.65M | 152.34M | 206.78M | 260.45M | 231.59M | 231.71M | 587.12M | 132.56M |
Current Ratio | 2.64x | 2.32x | 1.81x | 1.87x | 1.46x | 1.61x | 1.71x | 1.70x | 1.41x | 1.31x |
Quick Ratio | 0.93x | 0.85x | 0.67x | 1.00x | 0.50x | 0.66x | 0.66x | 0.60x | 0.43x | 0.28x |
Cash Conversion Cycle | 80.45 | 76.07 | 74.94 | 71.48 | 75.53 | 68.95 | 70.84 | 81.42 | 81.03 | 88.31 |
Total Non-Current Liabilities | 492.3M | 547.22M | 1.82B | 1.75B | 1.67B | 1.73B | 1.77B | 1.73B | 1.97B | 2.01B |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Capital Lease Obligations | 0 | 0 | 1.7B | 1.64B | 1.57B | 1.62B | 1.63B | 1.64B | 1.81B | 7.11B |
Deferred Tax Liabilities | 59.4M | 83.86M | 89.37M | 65.36M | 39.69M | 55.35M | 85.92M | 42.59M | 98.77M | 294.46M |
Other Non-Current Liabilities | 492.3M | 463.35M | 36.43M | 37.96M | 58.66M | 53.6M | 56.3M | 56.15M | 59.63M | 61.02M |
Total Liabilities | 1.13B | 1.37B | 2.96B | 3.09B | 3.23B | 3.41B | 3.43B | 3.51B | 4.2B | 4.31B |
Total Debt | 0 | 0 | 1.94B | 1.9B | 1.85B | 1.9B | 1.91B | 1.92B | 2.18B | 2.3B |
Net Debt | -277.44M | -409.25M | 1.55B | 850.75M | 1.42B | 1.17B | 1.14B | 1.22B | 1.76B | 2.14B |
Debt / Equity | - | - | 1.02x | 0.95x | 1.20x | 0.97x | 0.84x | 0.77x | 0.78x | 0.89x |
Debt / EBITDA | - | - | 1.59x | 3.10x | 1.22x | 1.01x | 0.99x | 1.04x | 1.18x | 1.26x |
Net Debt / EBITDA | -0.26x | -0.35x | 1.27x | 1.39x | 0.93x | 0.62x | 0.59x | 0.66x | 0.95x | 1.17x |
Interest Coverage | - | - | - | 41.29x | 780.21x | - | - | - | 857.86x | 213.84x |
Total Equity | 1.77B▲ 0% | 1.82B▲ 2.6% | 1.9B▲ 4.5% | 2B▲ 5.1% | 1.54B▼ 23.2% | 1.96B▲ 27.6% | 2.28B▲ 16.3% | 2.49B▲ 9.2% | 2.8B▲ 12.7% | 2.58B▲ 0% |
Equity Growth % | 14.45% | 2.59% | 4.5% | 5.12% | -23.21% | 27.64% | 16.3% | 9.17% | 12.66% | 42.8% |
Book Value per Share | 28.63 | 30.25 | 32.74 | 35.35 | 28.00 | 37.88 | 45.96 | 52.49 | 62.31 | 58.71 |
Total Shareholders' Equity | 1.77B | 1.82B | 1.9B | 2B | 1.54B | 1.96B | 2.28B | 2.49B | 2.8B | 2.58B |
Common Stock | 614K | 592K | 573K | 569K | 530K | 511K | 491K | 468K | 450K | 442K |
Retained Earnings | 1.09B | 1.11B | 1.13B | 1.19B | 653.38M | 995.77M | 1.29B | 1.47B | 1.74B | 1.52B |
Treasury Stock | -18.77M | -24.91M | -34.45M | -37.8M | -53.48M | -60.47M | -83.03M | -106.79M | 0 | -131.24M |
Accumulated OCI | 0 | 0 | 0 | 56K | 0 | 0 | 0 | 0 | 3.76M | 88K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ULTA Cash Flow Statement
Ulta Beauty, Inc. (ULTA) cash flow — operating, investing & free cash flow history
| Metric | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 779.37M | 956.13M | 1.1B | 810.36M | 1.06B | 1.48B | 1.48B | 1.34B | 1.5B | 1.55B |
Operating CF Margin % | 13.24% | 14.24% | 14.89% | 13.17% | 12.27% | 14.52% | 13.17% | 11.85% | 12.13% | - |
Operating CF Growth % | 22.85% | 22.68% | 15.18% | -26.42% | 30.72% | 39.9% | -0.38% | -9.32% | 12.26% | 90.43% |
Net Income | 555.23M | 658.56M | 705.95M | 175.84M | 985.84M | 1.24B | 1.29B | 1.2B | 1.15B | 1.19B |
Depreciation & Amortization | 252.71M | 279.47M | 295.6M | 297.77M | 268.46M | 241.37M | 243.84M | 267.04M | 300.77M | 385.93M |
Stock-Based Compensation | 24.4M | 26.64M | 25.05M | 27.58M | 47.26M | 43.04M | 48.25M | 42.79M | 37.43M | 46.48M |
Deferred Taxes | -27.09M | 34.08M | 5.5M | -24.01M | -25.67M | 15.65M | 30.57M | -43.33M | -3.24M | -7.56M |
Other Non-Cash Items | 7.52M | 2.88M | 284.67M | 347.43M | 281.59M | 308.6M | 344.17M | 322.2M | 366.14M | 867.47M |
Working Capital Changes | -33.4M | -45.51M | -215.47M | -14.26M | -498.21M | -369.16M | -481.57M | -451.22M | -351.8M | -1.16B |
Change in Receivables | -11.09M | -36.39M | -20.64M | -53.77M | -40.57M | 34.26M | -8.52M | -15.39M | -71.38M | -34.54M |
Change in Inventory | -152.45M | -122.02M | -79.37M | 125.49M | -331M | -104.23M | -138.69M | -226.08M | -135.8M | -525.1M |
Change in Payables | 66.24M | 78.26M | 9.99M | 62.32M | 66.16M | 8.31M | -20.87M | 30.3M | 89.06M | 161.53M |
Cash from Investing | -530.71M | -215.11M | -471.48M | -48.75M | -176.48M | -314.58M | -441.43M | -383.09M | -931.35M | -988.78M |
Capital Expenditures | -440.71M | -319.4M | -298.53M | -151.87M | -172.19M | -312.13M | -435.27M | -374.46M | -434.83M | -501.35M |
CapEx % of Revenue | 7.49% | 4.76% | 4.04% | 2.47% | 1.99% | 3.06% | 3.88% | 3.32% | 3.51% | 3.95% |
Acquisitions | 0 | -15.71M | 0 | -1.22M | 0 | 0 | 0 | 0 | -386.81M | -386.81M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -6.16M | -8.63M | -39.7M | -5.18M |
Cash from Financing | -356.22M | -609.21M | -646.74M | -107.93M | -1.5B | -861.01M | -1.01B | -1.02B | -850.67M | -886.98M |
Debt Issued (Net) | 0 | 0 | 0 | -1.91M | 0 | 0 | 0 | 0 | 0 | 606.49M |
Equity Issued (Net) | -371.82M | -622.34M | -690.52M | -118.25M | -1.54B | -907.02M | -1.02B | -1.03B | -901.39M | -1.25B |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | -371.82M | -622.34M | -690.52M | -118.25M | -1.54B | -907.02M | -1.02B | -1.03B | -901.39M | -1.27B |
Other Financing | 15.61M | 13.12M | 43.78M | 12.23M | 40.39M | 46.01M | 12.18M | 8.18M | 50.72M | -247.3M |
Net Change in Cash | -107.56M▲ 0% | 131.81M▲ 222.5% | -16.93M▼ 112.8% | 653.73M▲ 3962.3% | -614.49M▼ 194.0% | 306.32M▲ 149.8% | 28.72M▼ 90.6% | -63.39M▼ 320.8% | -278.96M▼ 340.0% | -326.15M▲ 0% |
Free Cash Flow | 338.65M▲ 0% | 636.73M▲ 88.0% | 802.76M▲ 26.1% | 658.49M▼ 18.0% | 887.08M▲ 34.7% | 1.17B▲ 31.9% | 1.04B▼ 11.0% | 964.15M▼ 7.4% | 1.07B▲ 10.8% | 1.05B▲ 0% |
FCF Margin % | 5.75% | 9.48% | 10.85% | 10.7% | 10.28% | 11.46% | 9.29% | 8.54% | 8.62% | 8.25% |
FCF Growth % | 29.78% | 88.02% | 26.08% | -17.97% | 34.71% | 31.87% | -11.01% | -7.38% | 10.77% | 1.1% |
FCF per Share | 5.46 | 10.58 | 13.82 | 11.64 | 16.18 | 22.61 | 20.99 | 20.34 | 23.74 | 23.84 |
FCF Conversion (FCF/Net Income) | 1.40x | 1.45x | 1.56x | 4.61x | 1.07x | 1.19x | 1.14x | 1.11x | 1.30x | 0.88x |
Interest Paid | 0 | 0 | 0 | 6.99M | 2.13M | 2.14M | 3.33M | 4.16M | 0 | 0 |
Taxes Paid | 254.62M | 195.87M | 133.86M | 19.45M | 370.65M | 429.85M | 328.21M | 386.06M | 0 | 322.85M |
ULTA Key Ratios
Ulta Beauty, Inc. (ULTA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 33.4% | 36.64% | 37.93% | 9.01% | 55.78% | 71.09% | 60.91% | 50.39% | 43.59% | 44.77% |
Return on Invested Capital (ROIC) | 45.62% | 45.08% | 28.41% | 7.47% | 32.34% | 40.72% | 38.63% | 33.2% | 28.09% | 25.25% |
Gross Margin | 35.63% | 35.87% | 36.24% | 31.68% | 39.03% | 39.62% | 39.09% | 38.84% | 39.1% | 39.33% |
Net Margin | 9.44% | 9.8% | 9.54% | 2.86% | 11.42% | 12.17% | 11.52% | 10.63% | 9.31% | 9.36% |
Debt / Equity | - | - | 1.02x | 0.95x | 1.20x | 0.97x | 0.84x | 0.77x | 0.78x | 0.89x |
Interest Coverage | - | - | - | 41.29x | 780.21x | - | - | - | 857.86x | 213.84x |
FCF Conversion | 1.40x | 1.45x | 1.56x | 4.61x | 1.07x | 1.19x | 1.14x | 1.11x | 1.30x | 0.88x |
Revenue Growth | 21.21% | 14.14% | 10.15% | -16.84% | 40.3% | 18.28% | 9.78% | 0.79% | 9.71% | 11.3% |
Related:ULTA Dividend History·ULTA Revenue History·ULTA Price History·ULTA P/E History·ULTA Financial Ratios·ULTA Institutional Holders
ULTA SEC Filings & Documents
Ulta Beauty, Inc. (ULTA) SEC filings — annual & quarterly reports (10-K, 10-Q)
ULTA Frequently Asked Questions
Ulta Beauty, Inc. (ULTA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Ulta Beauty, Inc. (ULTA) reported $12.71B in revenue for fiscal year 2025. This represents a 3408% increase from $362.2M in 2002.
Ulta Beauty, Inc. (ULTA) grew revenue by 9.7% over the past year. This is steady growth.
Yes, Ulta Beauty, Inc. (ULTA) is profitable, generating $1.19B in net income for fiscal year 2025 (9.3% net margin).
Dividend & Returns
Ulta Beauty, Inc. (ULTA) has a return on equity (ROE) of 43.6%. This is excellent, indicating efficient use of shareholder capital.
Ulta Beauty, Inc. (ULTA) generated $1.05B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.