Ulta Beauty, Inc. ULTA

Consumer discretionary SIC 5990 - Retail-Retail Stores, NEC NAICS Retail Trade › Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers derived Nasdaq

Ulta Beauty, Inc. ("we," "us," "our," "Ulta Beauty," or the "Company") is an international specialty beauty retailer and a premier beauty destination for cosmetics, fragrance, skin care products, wellness products, hair care products, and salon services. The Company was founded in Illinois in 1990 as a beauty retailer at a time when prestige, mass, and salon products were sold through distinct channels – department stores for prestige products; drug stores and mass merchandisers for mass products; and salons and authorized retail outlets for professional hair care products. The Company developed a unique specialty retail concept that offers a broad range of brands and price points, select beauty services, and a convenient and welcoming shopping environment. The Company's target consumer is defined as a

Last close 624.46 2026-10-23
Market cap $26.70B 2026-08-01 share count
52-week range 443.60 - 714.97

Valuation FY2025 figures against the last close

P/S2.2x
P/E24.4x
P/FCF25.0x
EV/EBITDA14.3x
Dividend yield—
Diluted EPS25.64

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $12.39B$11.30B$11.21B$10.21B$8.63B$6.15B$7.40B$6.72B$5.88B$4.85B
Cost of revenue $7.55B$6.91B$6.83B$6.16B$5.26B$4.20B$4.72B$4.31B$3.79B$3.11B
Gross profit $4.85B$4.39B$4.38B$4.04B$3.37B$1.95B$2.68B$2.41B$2.10B$1.75B
SG&A $3.30B$2.81B$2.69B$2.40B$2.06B$1.58B$1.76B$1.54B$1.29B$1.07B
Operating income $1.53B$1.56B$1.68B$1.64B$1.30B$236.8M$901.1M$854.1M$785.3M$654.8M
Interest expense ————————$1.6M$890.0K
Pre-tax income $1.53B$1.58B$1.70B$1.64B$1.30B$231.1M$906.1M$859.1M$786.9M$655.7M
Income tax $373.9M$378.9M$404.6M$401.1M$310.0M$55.2M$200.2M$200.6M$231.6M$246.0M
Net income $1.15B$1.20B$1.29B$1.24B$986.0M$175.8M$705.9M$658.6M$555.2M$409.8M
EPS, basic 25.7225.4426.1824.1718.093.1212.2111.009.026.55
EPS, diluted 25.6425.3426.0324.0117.983.1112.1510.948.966.52
Shares, diluted (wtd. avg.) 45.0M47.4M49.6M51.7M54.8M56.6M58.1M60.2M62.0M62.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $424.2M$703.2M$766.6M$737.9M$431.6M$1.05B$392.3M$409.3M$277.4M$385.0M
Short-term investments $70.0M—————$110.0M$0$120.0M$30.0M
Receivables $296.2M$223.3M$207.9M$199.4M$233.7M$193.1M$139.3M$136.2M$99.7M$88.6M
Total current assets $3.14B$3.03B$2.84B$2.71B$2.28B$2.51B$2.06B$1.91B$1.69B$1.54B
Property, plant and equipment $1.43B$1.24B$1.18B$1.01B$914.5M$995.8M$1.21B$1.23B$1.19B$1.00B
Goodwill $226.4M$10.9M$10.9M$10.9M$10.9M$10.9M$10.9M$10.9M$0—
Other intangibles —$204.0K$510.0K$1.3M—$2.5M$3.4M$4.3M——
Total assets $7.00B$6.00B$5.71B$5.37B$4.76B$5.09B$4.86B$3.19B$2.91B$2.55B
Accounts payable $685.9M$563.8M$544.0M$559.5M$552.7M$477.1M$414.0M$404.0M$325.8M$259.5M
Short-term debt $62.3M—————————
Total current liabilities $2.22B$1.78B$1.66B$1.68B$1.56B$1.34B$1.14B$823.7M$642.2M$529.3M
Total liabilities $4.20B$3.51B$3.43B$3.41B$3.23B$3.09B$2.96B$1.37B$1.13B$1.00B
Retained earnings $1.74B$1.47B$1.29B$995.8M$653.4M$1.19B$1.13B$1.11B$1.09B$905.8M
Total equity $2.80B$2.49B$2.28B$1.96B$1.54B$2.00B$1.90B$1.82B$1.77B$1.55B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.50B$1.34B$1.48B$1.48B$1.06B$810.4M$1.10B$956.1M$779.4M$634.4M
Depreciation and amortisation $300.8M$267.0M$243.8M$241.4M$268.5M$297.8M$295.6M$279.5M$252.7M$210.3M
Stock-based compensation $37.4M$42.8M$48.2M$43.0M$47.3M$27.6M$25.6M$27.5M$24.4M$19.3M
Capital expenditure $434.8M$374.5M$435.3M$312.1M$172.2M$151.9M$298.5M$319.4M$440.7M$373.4M
Investing cash flow -$931.3M-$383.1M-$441.4M-$314.6M-$176.5M-$48.8M-$471.5M-$215.1M-$530.7M-$273.4M
Financing cash flow -$850.7M-$1.02B-$1.01B-$861.0M-$1.50B-$107.9M-$646.7M-$609.2M-$356.2M-$321.8M
Buybacks $901.4M$1.00B$995.7M$900.0M$1.52B$114.9M$681.0M$616.2M$367.6M$344.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-046308.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 5B 10B 15B Revenue, FY2016: 4.9B Gross profit, FY2016: 1.7B Net income, FY2016: 409.8M Revenue, FY2017: 5.9B Gross profit, FY2017: 2.1B Net income, FY2017: 555.2M Revenue, FY2018: 6.7B Gross profit, FY2018: 2.4B Net income, FY2018: 658.6M Revenue, FY2019: 7.4B Gross profit, FY2019: 2.7B Net income, FY2019: 705.9M Revenue, FY2020: 6.2B Gross profit, FY2020: 1.9B Net income, FY2020: 175.8M Revenue, FY2021: 8.6B Gross profit, FY2021: 3.4B Net income, FY2021: 986M Revenue, FY2022: 10.2B Gross profit, FY2022: 4B Net income, FY2022: 1.2B Revenue, FY2023: 11.2B Gross profit, FY2023: 4.4B Net income, FY2023: 1.3B Revenue, FY2024: 11.3B Gross profit, FY2024: 4.4B Net income, FY2024: 1.2B Revenue, FY2025: 12.4B Gross profit, FY2025: 4.8B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.85B $5.88B $6.72B $7.40B $6.15B $8.63B $10.21B $11.21B $11.30B $12.39B
Gross profit $1.75B $2.10B $2.41B $2.68B $1.95B $3.37B $4.04B $4.38B $4.39B $4.85B
Net income $409.8M $555.2M $658.6M $705.9M $175.8M $986.0M $1.24B $1.29B $1.20B $1.15B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5990

TickerCompanyMarket capP/ERevenue growth
BBWI Bath & Body Works, Inc. $4.22B 6.7x -0.2%
SBH Sally Beauty Holdings, Inc. $1.63B 9.2x -0.4%
WOOF Petco Health & Wellness Company, Inc. $699.8M 81.7x -2.5%
TITN Titan Machinery Inc. $544.1M — -10.2%
SGU STAR GROUP, L.P. $431.5M — 1.0%
NEGG Newegg Commerce, Inc. $203.4M — 16.9%
FLWS 1 800 FLOWERS COM INC $183.2M — -8.0%
RENT Rent the Runway, Inc. $76.9M 1.2x 7.6%