Ulta Beauty, Inc. (ULTA)

Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provides wellness products. 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.

Symbol: ULTA
Exchange: Nasdaq
Sector: Consumer Cyclical
Industry: Specialty Retail
Market cap: $23.27B
52 week range: 443.6 - 714.97

Valuation

Share price: $543.69 (close of 2026-10-02)
P/E (TTM): 19.73x
Price to book: 8.80x
Price to free cash flow: 20.25x
Enterprise value: $25.58B
Book value per share: $61.76

Price performance

Period	Change
1 day	+1.11%
5 days	-0.28%
1 month	-1.46%
3 months	+17.85%
6 months	+1.17%
Year to date	-10.14%
1 year	-2.53%
3 years	+34.93%
5 years	+47.73%
10 years	+128.46%
All time	+1723.24%

Members of Congress who disclosed ULTA trades

Dan Newhouse · Maria Elvira Salazar · Val Hoyle

Super investors holding ULTA

Ken Griffin (Citadel)

Profitability and growth

Return on equity: 41.14%
Return on invested capital: 25.81%
Return on assets: 16.48%
Return on capital employed: 32.10%
Gross margin: 39.10%
Net margin: 9.31%
EBITDA margin: 14.80%
Revenue growth: 9.71%
Net income growth: -3.97%
Free cash flow growth: 10.77%

Cash flow and balance sheet

Free cash flow yield (TTM): 4.94%
Current ratio: 1.35x
Net debt to EBITDA: 1.19x

Latest reported year

Period end: 2026-01-31
Fiscal year: 2026
Revenue: $12.39B
Cost of revenue: $7.55B
Gross profit: $4.85B
EBITDA: $1.83B
Net income: $1.15B
Earnings per share: $25.72
Shares outstanding: 44.84M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2026-01-31	$12.39B	$4.85B	$1.15B	$25.72
2025-02-01	$11.30B	$4.39B	$1.20B	$25.44
2024-02-03	$11.21B	$4.38B	$1.29B	$26.18
2023-01-28	$10.21B	$4.04B	$1.24B	$24.17
2022-01-29	$8.63B	$3.37B	$985.84M	$18.09
2021-01-30	$6.15B	$1.95B	$175.84M	$3.12
2020-02-01	$7.40B	$2.68B	$705.95M	$12.21
2019-02-02	$6.72B	$2.41B	$658.56M	$11.00
2018-02-03	$5.88B	$2.10B	$555.23M	$9.02
2017-01-28	$4.85B	$1.75B	$409.76M	$6.55

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2026-01-31	39.10%	9.31%	41.14%	25.81%
2025-02-01	38.84%	10.63%	48.27%	31.98%
2024-02-03	39.09%	11.52%	56.64%	37.19%
2023-01-28	39.62%	12.17%	63.39%	39.60%
2022-01-29	39.03%	11.42%	64.21%	33.47%
2021-01-30	31.68%	2.86%	8.79%	6.37%
2020-02-01	36.24%	9.54%	37.11%	21.00%
2019-02-02	35.87%	9.80%	36.18%	20.10%
2018-02-03	35.63%	9.44%	31.29%	40.21%
2017-01-28	35.99%	8.44%	26.43%	36.02%

Cash and debt by year

Period end	Cash	Debt
2026-01-31	$494.24M	$62.29M
2025-02-01	$703.20M	-
2024-02-03	$766.59M	-
2023-01-28	$737.88M	-
2022-01-29	$431.56M	-
2021-01-30	$1.05B	-
2020-02-01	$502.32M	-
2019-02-02	$409.25M	-
2018-02-03	$397.44M	-
2017-01-28	$415.01M	-

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2026-01-31	$1.07B	$37.43M
2025-02-01	$964.15M	$42.79M
2024-02-03	$1.04B	$48.25M
2023-01-28	$1.17B	$43.04M
2022-01-29	$887.08M	$47.26M
2021-01-30	$658.49M	$27.58M
2020-02-01	$802.76M	$25.64M
2019-02-02	$636.73M	$27.49M
2018-02-03	$338.65M	$24.40M
2017-01-28	$260.94M	$19.34M

Dividend history

Most recent payment: 2012-03-16

Payment date	Dividend per share
2012-03-16	$1.00

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-08-27	Jul/2026	$6.21
2026-06-02	Apr/2026	$6.90
2026-03-12	Jan/2026	$8.00
2025-12-04	Oct/2025	$4.56
2025-08-28	Jul/2025	$5.03
2025-05-29	Apr/2025	$5.77
2025-05-28	-	-
2025-03-13	Jan/2025	$7.10

Filings and sources

Company website: ulta.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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