ULTA · Ulta Beauty, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · ULTA

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021
Revenue	$12.39B	$12.39B◇	$11.30B	$11.21B	$10.21B	$8.63B
Cost of Revenue	$7.55B	$7.55B◇	$6.91B	$6.83B	$6.16B	$5.26B
Gross Profit	$4.85B	$4.85B◇	$4.39B	$4.38B	$4.04B	$3.37B
R&D	-	-	-	-	-	-
SG&A	$3.30B	$3.30B◇	$2.81B	$2.69B	$2.40B	$2.06B
Total Operating Expenses	-	-	-	-	-	-
D&A	$300.77M	-	$267.04M	$243.84M	$241.37M	$268.46M
Operating Income	$1.53B	$1.53B◇	$1.56B	$1.68B	$1.64B	$1.30B
Interest Expense	-	-	-	-	-	-
Income Tax	$373.87M	$373.87M◇	$378.95M	$404.65M	$401.14M	$309.99M
Net Income	$1.15B	$1.15B◇	$1.20B	$1.29B	$1.24B	$985.84M
EPS - Basic	$25.72	$25.72◇	$25.44	$26.18	$24.17	$18.09
EPS - Diluted	$25.64	$25.64◇	$25.34	$26.03	$24.01	$17.98

Balance Sheet

Line item	FY 2025	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021
Cash & Equivalents	$424.24M	$424.24M◇	$703.20M	$766.59M	$737.88M	$431.56M
Accounts Receivable	$296.22M	-	$223.33M	$207.94M	$199.42M	$193.11M
Inventory	-	-	-	-	-	-
Accounts Payable	$685.89M	-	$563.76M	$544.00M	$559.53M	$552.73M
Current Assets	$3.14B	$3.14B◇	$3.03B	$2.84B	$2.71B	$2.28B
Total Assets	$7.00B	$7.00B◇	$6.00B	$5.71B	$5.37B	$4.76B
Current Liabilities	$2.22B	$2.22B◇	$1.78B	$1.66B	$1.68B	$1.56B
Long-term Debt	-	-	-	-	-	-
Total Liabilities	$4.20B	$4.20B◇	$3.51B	$3.43B	$3.41B	$3.23B
Stockholders' Equity	$2.80B	$450.0K◇	$2.49B	$2.28B	$1.96B	$1.54B
Retained Earnings	$1.74B	-	$1.47B	$1.29B	$995.77M	$653.38M

Cash Flow

Line item	FY 2025	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021
Operating Cash Flow	$1.50B	$1.50B◇	$1.34B	$1.48B	$1.48B	$1.06B
Investing Cash Flow	($931.35M)	($931.35M)◇	($383.09M)	($441.43M)	($314.58M)	($176.48M)
Financing Cash Flow	($850.67M)	($850.67M)◇	($1.02B)	($1.01B)	($861.01M)	($1.50B)
CapEx	$434.83M	$434.83M◇	$374.46M	$435.27M	$312.13M	$172.19M
Free Cash Flow	$1.07B	$1.07B◇	$964.15M	$1.04B	$1.17B	$887.08M

Ratios

Metric	FY 2025	FY 2026	FY 2024	FY 2023	FY 2022	FY 2021
Profitability
Gross margin	39.1%	39.1%	38.8%	39.1%	39.6%	39.0%
Operating margin	12.4%	12.4%	13.9%	15.0%	16.1%	15.0%
EBITDA margin	14.8%	-	16.2%	17.1%	18.4%	18.1%
Net margin	9.3%	9.3%	10.6%	11.5%	12.2%	11.4%
Free cash flow margin	8.6%	8.6%	8.5%	9.3%	11.5%	10.3%
FCF / Net income	0.93	0.93	0.80	0.81	0.94	0.90
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	26.6%	26.6%	24.9%	24.0%	23.5%	23.9%
Effective tax rate	24.5%	24.5%	24.0%	23.9%	24.4%	23.9%
Return on assets	16.5%	16.5%	20.0%	22.6%	23.1%	20.7%
Return on equity	41.1%	256328.7%	48.3%	56.6%	63.4%	64.2%
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	1.41	1.41	1.70	1.71	1.61	1.46
Quick ratio	1.41	1.41	1.70	1.71	1.61	1.46
Cash ratio	0.19	0.19	0.40	0.46	0.44	0.28
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Interest coverage	-	-	-	-	-	-
Equity multiplier	2.50	15553.99	2.41	2.50	2.74	3.10
Liabilities / Assets	0.60	0.60	0.59	0.60	0.64	0.68
Efficiency
Asset turnover	1.77	1.77	1.88	1.96	1.90	1.81
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	9d	-	7d	7d	7d	8d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	33d	-	30d	29d	33d	38d
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	25.2x	25.2x	16.3x	19.4x	21.1x	20.0x
P / B	10.4x	64723.1x	7.9x	11.0x	13.3x	12.8x
P / S	2.4x	2.4x	1.7x	2.2x	2.6x	2.3x
EV / EBITDA	15.7x	-	10.3x	12.6x	13.5x	12.3x
Growth
Revenue growth (YoY)	9.7%	0.0%	0.8%	9.8%	18.3%	40.3%
Revenue CAGR (3y)	6.7%	3.4%	9.4%	22.1%	11.3%	13.6%
Revenue CAGR (5y)	15.0%	7.5%	8.8%	13.8%	11.6%	12.2%
Gross profit growth (YoY)	10.4%	0.0%	0.1%	8.3%	20.1%	72.8%
Operating income growth (YoY)	-2.0%	0.0%	-6.7%	2.4%	26.3%	447.9%
Net income growth (YoY)	-4.0%	0.0%	-7.0%	3.9%	26.0%	460.7%
EPS growth (YoY)	1.2%	0.0%	-2.7%	8.4%	33.5%	478.1%
EPS CAGR (3y)	2.2%	-0.5%	12.1%	103.0%	25.5%	18.0%
EPS CAGR (5y)	52.5%	7.4%	15.8%	18.9%	21.8%	22.5%
FCF growth (YoY)	10.8%	0.0%	-7.4%	-11.0%	31.9%	34.7%
FCF CAGR (5y)	10.2%	3.8%	3.7%	10.3%	28.1%	27.7%
Book value growth (YoY)	12.7%	-100.0%	9.2%	16.3%	27.6%	-23.2%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2026-01-31.

Business segments

$12.39B total

Reportable Segment Aggregation Before Other Operating Segment$12.39B · 100.0%

Product / service

$26.97M total

Gift Card Breakage$26.97M · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

3.03

Safe

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Retail-Retail Stores, NEC

Company	Revenue (last FY)	Net margin	ROE
RENT	$329.80M	6.9%	-62.6%
WOOF	$5.96B	0.2%	0.8%
BARK	$484.18M	-6.8%	-33.0%
FLWS	$1.69B	-11.9%	-74.5%
BBWI	$7.29B	8.9%	-50.7%

Comparing Ulta Beauty against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-date	Per share
Mar 16, 2012	$1.0000

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.