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Ulta Beauty, Inc. ULTA Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin39.3%+0.5pp39.1%+0.3pp39.2%+0.5pp39%+0.3pp38.8%-0.1pp
Operating margin12.4%-1.3pp12.4%-1.5pp13.1%-0.7pp13.6%-0.3pp13.7%-0.8pp
Net margin9.4%-1.1pp9.3%-1.3pp9.9%-0.6pp10.3%-0.4pp10.4%-0.7pp
EBITDA margin14.9%-1.2pp14.8%-1.4pp15.5%-0.5pp16%-0.2pp16.1%-0.6pp
Free cash flow margin9.5%—9.3%—9.4%—————
Returns
Return on equity47.4%-3.0pp43.6%-6.8pp48%-7.2pp48.5%-6.5pp50.4%-7.8pp
Return on assets18.5%-2.1pp17.7%-2.8pp18.4%-2.5pp19.4%-2.6pp20.5%-2.3pp
Return on invested capital27.6%-3.5pp28%-5.3pp25.6%-3.1pp28.1%-4.2pp31.1%-4.7pp
Efficiency
Asset turnover2×0.0×1.9×0.0×1.8×-0.1×1.9×-0.2×2×-0.1×
Inventory turnover42.9×-1.1×——20.7×+4.7×46.6×-42.1×44×-0.2×
Liquidity
Current ratio1.3×-0.4×1.4×-0.3×1.3×-0.3×1.4×-0.4×1.7×-0.1×
Quick ratio1.2×-0.4×1.4×-0.3×1.2×-0.2×1.3×-0.4×1.6×-0.1×
Cash ratio0.1×-0.2×0.2×-0.2×0.1×0.0×0.1×-0.1×0.3×-0.1×
Leverage
Debt-to-equity0.9×+0.1×0.8×0.0×1×+0.1×0.9×+0.1×0.8×0.0×
Debt-to-assets0.3×0.0×0.3×0.0×0.4×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA1.1×+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%
Enterprise value$24.3B+18.3%$32.14B+76.5%$26.53B+30.5%$24.14B+32.1%$20.54B+0.8%
Price / earnings18.6×+2.7×26.3×+12.2×20.3×+5.0×18.4×+4.5×15.9×+0.8×
Price / sales1.7×+0.1×2.5×+0.9×2×+0.4×1.9×+0.4×1.7×0.0×
Price / book8.6×+0.8×10.8×+4.0×9.2×+1.3×8.5×+1.3×7.8×-0.4×
EV / EBITDA12.9×+1.7×17.5×+7.6×14.3×+3.1×13×+3.0×11.2×+0.4×
EV / sales1.9×+0.1×2.6×+1.0×2.2×+0.4×2.1×+0.5×1.8×0.0×
Free cash flow yield5.5%—3.8%—4.6%—————
Earnings yield5.4%-0.9pp3.8%-3.3pp4.9%-1.6pp5.4%-1.8pp6.3%-0.3pp

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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.