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Ulta Beauty, Inc. ULTA Operating margin

Operating margin at other companies

Walmart
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Walmart WMT
4.2%-0.2pp
Bath & Body Works logo
Bath & Body WorksBBWI
15.8%-1.7pp
Regis Corporation logo
Regis CorporationRGS
11%
Macy's logo
Macy'sM
4.6%+0.8pp
Amazon logo
AmazonAMZN
12.1%+0.7pp
SBH
Sally BeautySBH
8.2%-0.5pp

Other financials

Income statement

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Revenue$3.2B+11.1%
Gross profit$1.3B+13.8%
Operating income$448.3M+11.6%
Net income$340.5M+11.6%
EPS (diluted)$7.74+15.5%

Balance sheet

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Cash & equivalents$166.3M-63.4%
Total debt$2.3B+16.6%
Total equity$2.6B+6.2%
Total assets$6.9B+15.2%

Cash flow

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Operating cash flow$261.9M+19.0%
CapEx$58.3M-26.3%
Free cash flow$203.6M+44.4%

Valuation

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Market cap$22.05B-4.8%
Enterprise value$24.18B-2.0%
P/E18.5×-0.9×
P/S1.7×-0.3×

Profitability

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Gross margin39.3%+0.5pp
Net margin9.4%-1.1pp
FCF margin9.5%

Returns & leverage

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Return on equity47.4%-3.0pp
Debt / equity0.9×+0.1×
Current ratio1.3×-0.4×

Where this comes from

Calculated from Ulta Beauty, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Ulta Beauty, Inc.’s 10-Q, filed June 2, 2026. Open the filing →

Filed
Jun 2, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-069491

FAQ

What is Ulta Beauty, Inc.'s operating margin?
Ulta Beauty, Inc. (ULTA) reported operating margin of 12.4% in Q1 2026.
How has Ulta Beauty, Inc.'s operating margin changed year-over-year?
Ulta Beauty, Inc.'s operating margin decreased by 9.4% year-over-year, from 13.7% to 12.4%.
What is the long-term trend for Ulta Beauty, Inc.'s operating margin?
Over 5 years (2020 to 2025), Ulta Beauty, Inc.'s operating margin has grown at a 26.3% compound annual growth rate (CAGR), from 3.8% to 12.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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