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%+1.6pp	156.1%+1.0pp	155.8%+0.5pp	155.3%-0.5pp	155%-1.4pp
Operating margin	51.5%-3.8pp	52.8%-3.3pp	54.3%-2.9pp	54.9%-3.2pp	55.3%-4.3pp
Net margin	38.9%-3.4pp	40%-3.0pp	41.3%-2.6pp	42%-2.7pp	42.3%-3.4pp
EBITDA margin	61.2%-3.4pp	62.4%-2.7pp	63.8%-2.2pp	64.4%-2.6pp	64.6%-3.8pp
Returns
Return on equity	187.5%-23.4pp	190.5%-28.2pp	197.3%-32.0pp	204.5%-32.2pp	211%-36.9pp
Return on assets	74%-9.9pp	76.1%-10.1pp	78.8%-10.1pp	81.3%-9.5pp	83.9%-9.7pp
Return on invested capital	109.4%-16.1pp	112.8%-17.3pp	118.2%-17.6pp	121.2%-18.2pp	125.4%-18.8pp
Efficiency
Asset turnover	7.6×-0.3×	7.6×-0.4×	7.6×-0.5×	7.7×-0.4×	7.9×-0.2×
Liquidity
Current ratio	5.4×-1.3×	5.8×-1.0×	6.1×-0.8×	6.4×-0.4×	6.8×+0.1×
Quick ratio	5.1×-1.3×	5.5×-1.0×	5.8×-0.7×	6×-0.3×	6.4×+0.2×
Cash ratio	0.5×-0.6×	0.6×-0.4×	0.8×-0.3×	0.9×-0.3×	1×-0.1×
Leverage
Debt-to-equity	3.5×+0.2×	3.4×+0.1×	3.4×0.0×	3.4×-0.1×	3.3×-0.3×
Debt-to-assets	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.4×0.0×	1.3×-0.1×
Net debt / EBITDA	4.5×+1.1×	4.2×+0.9×	3.9×+0.6×	3.7×+0.4×	3.4×+0.2×
Per Share
Book value per share	$237.39+16.0%	$232.08+16.8%	$222.26+15.6%	$213.07+15.8%	$204.61+16.3%
Valuation
Market capitalization	$98.8B+38.9%	$95.65B+34.5%	$82.26B+1.9%	$76.47B-7.9%	$71.14B-17.9%
Enterprise value	$107.11B+38.5%	$103.35B+33.9%	$89.42B+3.1%	$83.22B-6.5%	$77.36B-16.5%
Price / earnings	83.7×+24.4×	81×+22.6×	68.8×+3.9×	63.8×-2.5×	59.2×-9.3×
Price / sales	8.1×+1.8×	8×+1.7×	7.1×-0.1×	6.7×-0.8×	6.3×-1.6×
Price / book	37.1×+7.4×	36.3×+6.2×	32.3×-2.6×	31×-6.2×	29.7×-10.4×
EV / EBITDA	57.6×+15.4×	55.9×+14.0×	48.3×+2.0×	45.2×-2.3×	42.2×-6.9×
EV / sales	8.8×+2.0×	8.7×+1.9×	7.7×0.0×	7.3×-0.7×	6.8×-1.6×
Earnings yield	19.5%-7.6pp	20.4%-7.0pp	23.7%-1.5pp	25.3%+0.7pp	27.1%+3.4pp

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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.