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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	156.6%+0.5pp	156.1%+0.3pp	155.8%+0.5pp	155.3%+0.3pp	155%-0.1pp
Operating margin	51.5%-1.3pp	52.8%-1.5pp	54.3%-0.7pp	54.9%-0.3pp	55.3%-0.8pp
Net margin	38.9%-1.1pp	40%-1.3pp	41.3%-0.6pp	42%-0.4pp	42.3%-0.7pp
EBITDA margin	61.2%-1.2pp	62.4%-1.4pp	63.8%-0.5pp	64.4%-0.2pp	64.6%-0.6pp
Returns
Return on equity	187.5%-3.0pp	190.5%-6.8pp	197.3%-7.2pp	204.5%-6.5pp	211%-7.8pp
Return on assets	74%-2.1pp	76.1%-2.8pp	78.8%-2.5pp	81.3%-2.6pp	83.9%-2.3pp
Return on invested capital	109.4%-3.5pp	112.8%-5.3pp	118.2%-3.1pp	121.2%-4.2pp	125.4%-4.7pp
Efficiency
Asset turnover	7.6×0.0×	7.6×0.0×	7.6×-0.1×	7.7×-0.2×	7.9×-0.1×
Liquidity
Current ratio	5.4×-0.4×	5.8×-0.3×	6.1×-0.3×	6.4×-0.4×	6.8×-0.1×
Quick ratio	5.1×-0.4×	5.5×-0.3×	5.8×-0.2×	6×-0.4×	6.4×-0.1×
Cash ratio	0.5×-0.2×	0.6×-0.2×	0.8×0.0×	0.9×-0.1×	1×-0.1×
Leverage
Debt-to-equity	3.5×+0.1×	3.4×0.0×	3.4×+0.1×	3.4×+0.1×	3.3×0.0×
Debt-to-assets	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.3×0.0×
Net debt / EBITDA	4.5×+0.3×	4.2×+0.3×	3.9×+0.2×	3.7×+0.3×	3.4×+0.1×
Per Share
Book value per share	$237.39+2.3%	$232.08+4.4%	$222.26+4.3%	$213.07+4.1%	$204.61+2.9%
Valuation
Market capitalization	$98.8B+3.3%	$95.65B+16.3%	$82.26B+7.6%	$76.47B+7.5%	$71.14B0.0%
Enterprise value	$107.11B+3.6%	$103.35B+15.6%	$89.42B+7.4%	$83.22B+7.6%	$77.36B+0.2%
Price / earnings	83.7×+2.7×	81×+12.2×	68.8×+5.0×	63.8×+4.5×	59.2×+0.8×
Price / sales	8.1×+0.1×	8×+0.9×	7.1×+0.4×	6.7×+0.4×	6.3×0.0×
Price / book	37.1×+0.8×	36.3×+4.0×	32.3×+1.3×	31×+1.3×	29.7×-0.4×
EV / EBITDA	57.6×+1.7×	55.9×+7.6×	48.3×+3.1×	45.2×+3.0×	42.2×+0.4×
EV / sales	8.8×+0.1×	8.7×+1.0×	7.7×+0.4×	7.3×+0.5×	6.8×0.0×
Earnings yield	19.5%-0.9pp	20.4%-3.3pp	23.7%-1.6pp	25.3%-1.8pp	27.1%-0.3pp

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Ulta Beauty, Inc..

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.