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.
Income Statement
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $2.86B | $2.79B | $2.85B | $2.53B | $2.55B | $2.73B | $2.49B | $2.53B | $2.63B |
| Cost of Revenue | - | $1.70B | $1.70B | $1.73B | $1.52B | $1.57B | $1.66B | $1.50B | $1.54B | $1.58B |
| Gross Profit | - | $1.16B | $1.09B | $1.11B | $1.01B | $978.18M | $1.07B | $992.07M | $993.61M | $1.05B |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $840.92M | $741.74M | $710.61M | $682.26M | $644.82M | $665.91M | $661.38M | $600.69M | $612.13M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | $67.02M | $65.31M | $72.03M | - | - | $64.74M | - | - | $57.95M |
| Operating Income | - | $309.42M | $344.85M | $401.78M | $318.50M | $329.20M | $400.95M | $327.23M | $391.64M | $442.07M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | - | $73.44M | $84.80M | $99.64M | $78.00M | $81.17M | $94.73M | $80.24M | $95.99M | $102.37M |
| Net Income | - | $230.88M | $260.88M | $305.05M | $242.18M | $252.56M | $313.11M | $249.48M | $300.10M | $347.05M |
| EPS - Basic | - | $5.16 | $5.80 | $6.72 | $5.16 | $5.32 | $6.51 | $5.09 | $6.05 | $6.92 |
| EPS - Diluted | - | $5.14 | $5.78 | $6.70 | $5.14 | $5.30 | $6.47 | $5.07 | $6.02 | $6.88 |
Balance Sheet
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $424.24M | $204.92M | $242.75M | $454.63M | $177.78M | $413.96M | $524.60M | $121.81M | $388.63M | $636.45M |
| Accounts Receivable | $296.22M | $237.35M | $224.41M | $223.33M | $213.62M | $200.86M | $207.94M | $202.87M | $174.44M | $199.42M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $685.89M | $759.00M | $708.65M | $537.52M | $593.22M | $566.90M | $463.78M | $597.37M | $521.32M | $621.27M |
| Current Assets | $3.14B | $3.37B | $3.07B | $2.94B | $2.95B | $2.80B | $2.76B | $2.79B | $2.52B | $2.69B |
| Total Assets | $7.00B | $7.01B | $6.63B | $5.99B | $5.96B | $5.74B | $5.63B | $5.60B | $5.25B | $5.38B |
| Current Liabilities | $2.22B | $2.54B | $2.20B | $1.76B | $1.82B | $1.59B | $1.57B | $1.84B | $1.49B | $1.63B |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.20B | $4.38B | $4.03B | $3.56B | $3.63B | $3.39B | $3.33B | $3.57B | $3.20B | $3.36B |
| Stockholders' Equity | $2.80B | $2.63B | $2.60B | $2.43B | $2.33B | $2.35B | $2.30B | $2.03B | $2.05B | $2.02B |
| Retained Earnings | $1.74B | $1.58B | $1.57B | $1.42B | $1.33B | $1.35B | $1.31B | $1.05B | $1.08B | $1.06B |
Cash Flow
| Line item | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $220.02M | - | - | $159.34M | - | - | $304.90M |
| Investing Cash Flow | - | - | - | ($86.38M) | - | - | ($93.59M) | - | - | ($110.08M) |
| Financing Cash Flow | - | - | - | ($382.22M) | - | - | ($307.75M) | - | - | ($296.25M) |
| CapEx | - | - | - | $79.03M | - | - | $91.02M | - | - | $109.77M |
| Free Cash Flow | - | - | - | $140.99M | - | - | $68.32M | - | - | $195.13M |
Ratios
| Metric | Q1 '26 | Q3 '25 | Q2 '25 | Q1 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 40.4% | 39.2% | 39.1% | 39.7% | 38.3% | 39.2% | 39.9% | 39.3% | 40.0% |
| Operating margin | - | 10.8% | 12.4% | 14.1% | 12.6% | 12.9% | 14.7% | 13.1% | 15.5% | 16.8% |
| EBITDA margin | - | 13.2% | 14.7% | 16.6% | - | - | 17.1% | - | - | 19.0% |
| Net margin | - | 8.1% | 9.4% | 10.7% | 9.6% | 9.9% | 11.5% | 10.0% | 11.9% | 13.2% |
| Free cash flow margin | - | - | - | 4.9% | - | - | 2.5% | - | - | 7.4% |
| FCF / Net income | - | - | - | 0.46 | - | - | 0.22 | - | - | 0.56 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | 29.4% | 26.6% | 24.9% | 27.0% | 25.3% | 24.4% | 26.6% | 23.7% | 23.2% |
| Effective tax rate | - | 24.1% | 24.5% | 24.6% | 24.4% | 24.3% | 23.2% | 24.3% | 24.2% | 22.8% |
| Return on assets | - | 3.3% | 3.9% | 5.1% | 4.1% | 4.4% | 5.6% | 4.5% | 5.7% | 6.5% |
| Return on equity | - | 8.8% | 10.0% | 12.6% | 10.4% | 10.8% | 13.6% | 12.3% | 14.6% | 17.2% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.41 | 1.33 | 1.39 | 1.67 | 1.63 | 1.76 | 1.76 | 1.52 | 1.69 | 1.64 |
| Quick ratio | 1.41 | 1.33 | 1.39 | 1.67 | 1.63 | 1.76 | 1.76 | 1.52 | 1.69 | 1.64 |
| Cash ratio | 0.19 | 0.08 | 0.11 | 0.26 | 0.10 | 0.26 | 0.33 | 0.07 | 0.26 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.50 | 2.66 | 2.55 | 2.46 | 2.56 | 2.44 | 2.45 | 2.76 | 2.56 | 2.66 |
| Liabilities / Assets | 0.60 | 0.62 | 0.61 | 0.59 | 0.61 | 0.59 | 0.59 | 0.64 | 0.61 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.41 | 0.42 | 0.48 | 0.42 | 0.44 | 0.48 | 0.44 | 0.48 | 0.49 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | 30d | 29d | 29d | 31d | 29d | 28d | 30d | 25d | 28d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | 163d | 152d | 113d | 142d | 131d | 102d | 146d | 124d | 144d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | 101.1x | 87.8x | 59.1x | 73.5x | 64.3x | 61.4x | 74.9x | 74.0x | 80.1x |
| P / B | - | 8.9x | 8.8x | 7.4x | 7.6x | 6.9x | 8.4x | 9.2x | 10.8x | 13.8x |
| P / S | - | 8.2x | 8.2x | 6.3x | 7.0x | 6.4x | 7.1x | 7.5x | 8.8x | 10.6x |
| EV / EBITDA | - | 61.5x | 55.3x | 37.1x | - | - | 40.2x | - | - | 54.4x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 12.9% | 9.3% | 4.5% | 1.7% | 0.9% | 3.5% | 6.4% | 10.1% | 12.3% |
| Revenue CAGR (3y) | - | 6.9% | 6.7% | 6.7% | 8.2% | 9.1% | 12.0% | 17.0% | 27.2% | 30.9% |
| Revenue CAGR (5y) | - | 13.0% | 17.8% | 19.4% | 8.5% | 8.9% | 9.4% | 13.1% | 14.4% | 14.9% |
| Gross profit growth (YoY) | - | 14.9% | 11.6% | 4.2% | 1.4% | -1.6% | 1.4% | 3.0% | 7.1% | 12.1% |
| Operating income growth (YoY) | - | -2.9% | 4.8% | 0.2% | -2.7% | -15.9% | -9.3% | -9.6% | 0.1% | 1.0% |
| Net income growth (YoY) | - | -4.7% | 3.3% | -2.6% | -2.9% | -15.8% | -9.8% | -9.1% | 1.5% | 4.7% |
| EPS growth (YoY) | - | 0.0% | 9.1% | 3.6% | 1.4% | -12.0% | -6.0% | -5.1% | 5.6% | 9.2% |
| EPS CAGR (3y) | - | -1.3% | 0.5% | 2.1% | 9.3% | 5.1% | 16.4% | 56.6% | 250.3% | - |
| EPS CAGR (5y) | - | 31.2% | 110.5% | - | 18.0% | 13.9% | 14.7% | 18.4% | 19.6% | 20.6% |
| FCF growth (YoY) | - | - | - | 106.4% | - | - | -65.0% | - | - | -45.1% |
| FCF CAGR (5y) | - | - | - | - | - | - | -19.3% | - | - | 14.0% |
| Book value growth (YoY) | 15.4% | 13.1% | 10.9% | 5.6% | 14.8% | 14.4% | 14.0% | 5.5% | 16.0% | 15.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$12.39B totalReportable Segment Aggregation Before Other Operating Segment$12.39B · 100.0%
Product / service
$26.97M totalGift Card Breakage$26.97M · 100.0%
Peer comparison
Same SIC group: Retail-Retail Stores, NEC
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 |