What are Ulta Beauty, Inc.'s profit margins?

Ulta Beauty, Inc. (ULTA) runs a 39.3% gross margin and a 12.4% operating margin, with a 9.4% net margin.

Where do Ulta Beauty, Inc.'s ratios come from?

Every ratio is computed from Ulta Beauty, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Ulta Beauty, Inc. ULTA Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	39.3%+0.5pp	39.1%+0.3pp	39.2%+0.5pp	39%+0.3pp	38.8%-0.1pp
Operating margin	12.4%-1.3pp	12.4%-1.5pp	13.1%-0.7pp	13.6%-0.3pp	13.7%-0.8pp
Net margin	9.4%-1.1pp	9.3%-1.3pp	9.9%-0.6pp	10.3%-0.4pp	10.4%-0.7pp
Returns
Return on equity	47.4%-3.0pp	43.6%-6.8pp	48%-7.2pp	48.5%-6.5pp	50.4%-7.8pp
Return on invested capital	27.6%-3.5pp	28%-5.3pp	25.6%-3.1pp	28.1%-4.2pp	31.1%-4.7pp
Efficiency
Asset turnover	2×0.0×	1.9×0.0×	1.8×-0.1×	1.9×-0.2×	2×-0.1×
Liquidity
Current ratio	1.3×-0.4×	1.4×-0.3×	1.3×-0.3×	1.4×-0.4×	1.7×-0.1×
Leverage
Debt-to-equity	0.9×+0.1×	0.8×0.0×	1×+0.1×	0.9×+0.1×	0.8×0.0×
Net debt / EBITDA	1.1×+0.3×	1×+0.3×	1.3×+0.2×	1.1×+0.3×	0.8×+0.1×
Per Share
Book value per share	$58.71+9.9%	$62.31+18.7%	$58.65+18.6%	$57.72+17.2%	$53.40+12.3%
Valuation
Market capitalization	$22.17B+16.5%	$30.38B+78.8%	$24.16B+31.5%	$22.09B+31.8%	$19.02B0.0%
Price / earnings	18.6×+2.7×	26.3×+12.2×	20.3×+5.0×	18.4×+4.5×	15.9×+0.8×
Price / sales	1.7×+0.1×	2.5×+0.9×	2×+0.4×	1.9×+0.4×	1.7×0.0×
Price / book	8.6×+0.8×	10.8×+4.0×	9.2×+1.3×	8.5×+1.3×	7.8×-0.4×
EV / EBITDA	12.9×+1.7×	17.5×+7.6×	14.3×+3.1×	13×+3.0×	11.2×+0.4×

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Questions, answered.

What are Ulta Beauty, Inc.'s profit margins?: Ulta Beauty, Inc. (ULTA) runs a 39.3% gross margin and a 12.4% operating margin, with a 9.4% net margin.
Where do Ulta Beauty, Inc.'s ratios come from?: Every ratio is computed from Ulta Beauty, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.