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%+0.2pp	39.1%-0.1pp	39.2%+0.2pp	39%+0.2pp	38.8%0.0pp
Operating margin	12.4%+0.1pp	12.4%-0.8pp	13.1%-0.4pp	13.6%-0.1pp	13.7%-0.1pp
Net margin	9.4%0.0pp	9.3%-0.6pp	9.9%-0.4pp	10.3%-0.1pp	10.4%-0.2pp
Returns
Return on equity	47.4%+3.9pp	43.6%-4.4pp	48%-0.6pp	48.5%-1.9pp	50.4%0.0pp
Return on invested capital	27.6%-0.4pp	28%+2.4pp	25.6%-2.5pp	28.1%-3.0pp	31.1%-2.3pp
Efficiency
Asset turnover	2×+0.1×	1.9×+0.1×	1.8×0.0×	1.9×-0.1×	2×0.0×
Liquidity
Current ratio	1.3×-0.1×	1.4×+0.1×	1.3×-0.1×	1.4×-0.3×	1.7×0.0×
Leverage
Debt-to-equity	0.9×+0.1×	0.8×-0.2×	1×+0.1×	0.9×+0.1×	0.8×0.0×
Net debt / EBITDA	1.1×+0.2×	1×-0.3×	1.3×+0.2×	1.1×+0.3×	0.8×+0.2×
Per Share
Book value per share	$58.71-5.8%	$62.31+6.2%	$58.65+1.6%	$57.72+8.1%	$53.40+1.7%
Valuation
Market capitalization	$22.17B-27.0%	$30.38B+25.7%	$24.16B+9.4%	$22.09B+16.2%	$19.02B+12.0%
Price / earnings	18.6×-7.7×	26.3×+6.0×	20.3×+1.9×	18.4×+2.4×	15.9×+1.8×
Price / sales	1.7×-0.7×	2.5×+0.4×	2×+0.1×	1.9×+0.2×	1.7×+0.2×
Price / book	8.6×-2.2×	10.8×+1.7×	9.2×+0.7×	8.5×+0.7×	7.8×+1.0×
EV / EBITDA	12.9×-4.7×	17.5×+3.3×	14.3×+1.3×	13×+1.8×	11.2×+1.2×

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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.