Last 48 quarters of trend data · Consumer Cyclical · Specialty Retail
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 17.91 | 17.18 | 20.18 | 25.29 | 21.96 | 14.77 | 12.18 | 18.37 | 16.09 | 15.36 | 15.53 | 18.73 | 18.50 | 20.04 | 19.24 | 19.48 | 17.06 | 15.75 | 16.81 | 23.31 | 18.41 |
| — | +16.3% | +65.7% | +37.7% | +36.5% | -3.8% | -21.6% | -1.9% | -13.0% | -23.4% | -19.2% | -3.9% | +8.4% | +27.3% | +14.4% | -16.4% | -7.3% | -21.6% | -27.2% | -40.5% | -94.7% | |
| P/S Ratio | 1.59 | 1.85 | 1.87 | 2.04 | 2.05 | 1.58 | 1.37 | 1.76 | 1.59 | 1.76 | 1.72 | 1.88 | 2.19 | 2.64 | 2.03 | 2.29 | 2.20 | 2.22 | 1.78 | 2.52 | 2.35 |
| — | +16.9% | +36.0% | +16.2% | +29.0% | -10.3% | -20.3% | -6.4% | -27.4% | -33.2% | -15.1% | -17.9% | -0.1% | +18.8% | +13.8% | -9.1% | -6.4% | -6.8% | -1.1% | +33.6% | +5.8% | |
| P/B Ratio | 7.37 | 9.06 | 10.39 | 8.86 | 8.80 | 7.41 | 7.70 | 7.64 | 6.92 | 8.36 | 10.75 | 9.22 | 10.82 | 13.79 | 13.37 | 11.13 | 11.41 | 11.95 | 12.68 | 10.11 | 9.83 |
| — | +22.3% | +35.0% | +16.1% | +27.1% | -11.3% | -28.4% | -17.2% | -36.0% | -39.4% | -19.6% | -17.2% | -5.2% | +15.4% | +5.4% | +10.1% | +16.1% | +19.2% | +59.9% | +60.3% | +59.6% | |
| P/FCF | 18.48 | 28.71 | 8.02 | — | 292.67 | 31.94 | 4.97 | — | 38.98 | 70.36 | 6.16 | — | 191.89 | 35.65 | 8.18 | — | 77.70 | 14.68 | 8.38 | — | 95.02 |
| — | -10.1% | +61.3% | — | +650.9% | -54.6% | -19.3% | — | -79.7% | +97.3% | -24.7% | — | +147.0% | +142.8% | -2.4% | — | -18.2% | -6.2% | +9.1% | — | -83.6% | |
| EV / EBITDA | 11.62 | 14.19 | 13.73 | 16.46 | 14.81 | 10.27 | 8.66 | 12.65 | 11.14 | 10.99 | 11.00 | 13.18 | 13.02 | 14.53 | 13.44 | 13.58 | 11.88 | 10.96 | 13.43 | 15.20 | 12.17 |
| — | +38.2% | +58.5% | +30.2% | +32.9% | -6.6% | -21.2% | -4.1% | -14.4% | -24.4% | -18.2% | -2.9% | +9.6% | +32.5% | +0.1% | -10.6% | -2.4% | -14.6% | +5.0% | -7.2% | -47.5% | |
| EV / EBIT | 13.88 | 14.19 | 16.19 | 20.77 | 18.01 | 12.05 | 9.83 | 15.42 | 13.31 | 12.62 | 12.32 | 15.68 | 14.95 | 16.18 | 15.14 | 15.88 | 13.80 | 12.60 | 13.90 | 18.75 | 14.71 |
| — | +17.8% | +64.7% | +34.7% | +35.3% | -4.6% | -20.2% | -1.7% | -11.0% | -22.0% | -18.6% | -1.3% | +8.4% | +28.5% | +8.9% | -15.3% | -6.2% | -20.8% | -25.4% | -41.8% | -94.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.1% | 40.1% | 38.1% | 40.4% | 39.2% | 39.1% | 38.2% | 39.7% | 38.3% | 39.2% | 37.7% | 39.9% | 39.3% | 40.0% | 37.6% | 41.2% | 40.4% | 40.1% | 37.6% | 39.6% | 40.6% |
| — | +2.4% | -0.5% | +1.7% | +2.1% | -0.3% | +1.4% | -0.3% | -2.4% | -2.0% | +0.4% | -3.2% | -2.8% | -0.2% | -0.2% | +4.1% | -0.4% | +3.2% | +7.3% | +12.5% | +51.4% | |
| Operating Margin | 12.5% | 14.2% | 12.3% | 11.0% | 12.6% | 14.2% | 14.9% | 12.8% | 13.1% | 14.8% | 14.6% | 13.3% | 15.5% | 16.8% | 13.9% | 15.6% | 17.1% | 18.8% | 11.9% | 14.3% | 16.9% |
| — | -0.0% | -17.0% | -13.8% | -3.9% | -4.4% | +1.5% | -3.8% | -15.9% | -11.8% | +5.0% | -15.0% | -9.4% | -10.4% | +17.1% | +9.3% | +1.4% | +18.2% | +2.6% | +75.1% | +261.6% | |
| Net Margin | 9.3% | 10.8% | 9.1% | 8.1% | 9.4% | 10.7% | 11.3% | 9.6% | 9.9% | 11.5% | 11.1% | 10.0% | 11.9% | 13.2% | 10.6% | 11.7% | 12.9% | 14.1% | 10.6% | 10.8% | 12.8% |
| — | +0.5% | -18.9% | -15.6% | -5.5% | -6.8% | +1.6% | -4.5% | -16.6% | -12.8% | +5.1% | -14.6% | -7.8% | -6.7% | -0.4% | +8.8% | +0.9% | +18.9% | +35.9% | +123.8% | +1845.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 43.6% | 12.6% | 13.1% | 8.8% | 10.4% | 12.4% | 16.3% | 10.4% | 10.9% | 13.7% | 18.3% | 12.2% | 14.7% | 17.4% | 17.6% | 14.9% | 16.8% | 20.2% | 16.4% | 11.1% | 13.5% |
| — | +2.0% | -19.6% | -14.9% | -4.6% | -9.3% | -10.8% | -15.3% | -26.3% | -21.6% | +4.3% | -17.8% | -12.4% | -13.6% | +6.8% | +33.6% | +24.9% | +68.6% | +84.6% | +169.9% | +2848.7% | |
| ROA | 17.7% | 4.9% | 5.1% | 3.4% | 4.1% | 5.1% | 6.6% | 4.1% | 4.4% | 5.5% | 7.0% | 4.6% | 5.6% | 6.5% | 6.4% | 5.3% | 5.9% | 6.8% | 5.8% | 4.2% | 5.0% |
| — | -3.7% | -22.6% | -18.3% | -6.9% | -7.9% | -5.8% | -10.0% | -21.4% | -14.5% | +9.6% | -13.9% | -4.9% | -4.7% | +10.6% | +27.1% | +18.8% | +49.8% | +67.2% | +191.4% | +3322.5% | |
| ROIC | 28.1% | 7.2% | 7.5% | 4.9% | 6.1% | 7.9% | 9.7% | 5.9% | 6.6% | 8.5% | 10.5% | 6.6% | 8.6% | 10.4% | 10.1% | 8.1% | 9.6% | 11.2% | 7.9% | 6.9% | 8.7% |
| — | -8.3% | -22.4% | -17.8% | -8.1% | -7.5% | -7.5% | -9.5% | -23.1% | -17.6% | +4.2% | -19.0% | -10.4% | -7.5% | +27.6% | +17.2% | +10.8% | +36.7% | +25.0% | +139.8% | +594.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.89 | 0.78 | 0.98 | 0.88 | 0.81 | 0.77 | 0.92 | 0.82 | 0.82 | 0.84 | 1.04 | 0.92 | 0.94 | 0.97 | 0.99 | 1.05 | 1.06 | 1.20 | 0.93 | 0.99 |
| — | +9.8% | +0.7% | +6.4% | +7.0% | -1.2% | -7.8% | -11.2% | -10.4% | -12.5% | -13.7% | +4.9% | -12.7% | -11.0% | -19.3% | +6.5% | +6.5% | +3.9% | +26.8% | -10.3% | -36.8% | |
| Debt / EBITDA | 1.18 | 5.12 | 3.88 | 6.59 | 5.43 | 4.15 | 3.27 | 5.48 | 4.84 | 4.04 | 3.28 | 5.36 | 4.13 | 3.79 | 3.74 | 4.47 | 4.08 | 3.67 | 4.75 | 5.25 | 4.61 |
| — | +23.3% | +18.6% | +20.2% | +12.3% | +2.8% | -0.3% | +2.4% | +17.0% | +6.5% | -12.3% | +19.7% | +1.2% | +3.4% | -21.3% | -14.8% | -11.5% | -26.1% | -18.2% | -45.4% | -77.5% | |
| Current Ratio | 1.41 | 1.31 | 1.41 | 1.33 | 1.39 | 1.67 | 1.70 | 1.63 | 1.76 | 1.76 | 1.71 | 1.52 | 1.69 | 1.64 | 1.61 | 1.62 | 1.63 | 1.58 | 1.46 | 1.74 | 1.81 |
| — | -21.3% | -17.0% | -18.4% | -20.7% | -5.1% | -0.5% | +7.0% | +4.1% | +6.8% | +6.2% | -6.0% | +3.9% | +3.9% | +10.0% | -7.3% | -9.9% | -6.0% | -21.8% | -4.4% | -31.5% | |
| Quick Ratio | 0.43 | 0.28 | 0.43 | 0.25 | 0.30 | 0.46 | 0.60 | 0.32 | 0.50 | 0.54 | 0.66 | 0.26 | 0.47 | 0.57 | 0.66 | 0.37 | 0.52 | 0.60 | 0.50 | 0.56 | 0.76 |
| — | -40.6% | -27.4% | -23.9% | -40.2% | -14.6% | -9.7% | +26.7% | +6.6% | -5.0% | +0.4% | -31.1% | -8.7% | -4.8% | +31.0% | -34.2% | -32.0% | -24.4% | -49.9% | -13.8% | -43.6% | |
| Interest Coverage | 857.86 | 689.51 | 181.76 | 75.05 | — | — | — | — | — | — | — | — | — | — | — | — | — | 1091.54 | 804.33 | 688.23 | 781.90 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying ULTA stock.
Ulta Beauty, Inc.'s current P/E is 17.9x. The average P/E over the last 4 quarters is 21.2x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ulta Beauty, Inc.'s current operating margin is 12.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ulta Beauty, Inc.'s business trajectory between earnings reports.