Ulta Beauty operates over 1,500 freestanding beauty retail stores across the US, selling cosmetics, skincare, haircare, and fragrance products to general consumers. It differentiates from department stores by carrying both mass-market and prestige brands under one roof. In-store salon services (hair, makeup, skin, brows) make up a small slice of revenue but pull in foot traffic. Internationally, it owns UK/Ireland chain Space NK (86 stores) and has franchised and joint-venture operations in Mexico and the Middle East. Revenue comes primarily from product sales, with salons as a secondary stream.
Employees58,000IPOJan 18, 2018SIC7231HQ1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440
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Financials
Profitability
Metric
Current
Margins
Gross Margin
39.2%
Operating Margin
13.2%
EBITDA Margin
15.6%
Net Margin
9.9%
OCF Margin
11.3%
FCF Margin
8.7%
Returns on Capital
ROE
47.7%
ROA
18.8%
ROIC
24.5%
ROCE
36.8%
ROC (Greenblatt)
38.6%
3Y ROIIC
22.7%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
24.78
Forward P/E
22.70
P/E ex-NRI
24.56
Shiller P/E (CAPE)
36.85
Cash Flow Multiples
P/FCF
28.83
P/OCF
21.99
P/Owner Earnings
44.05
FCF Yield
3.63%
Enterprise Value Multiples
EV / EBIT
19.63
EV / Forward EBIT
19.47
EV / EBITDA
16.60
EV / Forward EBITDA
16.19
EV / Revenue
2.59
EV / Forward Revenue
2.38
Asset / Sales
P/S
2.46
P/B
10.92
P/Tangible Book
12.87
Growth-Adjusted
PEG
1.12
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.00%
Forward Dividend Yield
0.00%
3Y Dividend Growth
0.0%
Payout Ratio
0.00
5Y Yield on Cost
0.00%
Buybacks & Dilution
3Y Buyback Ratio
4.20%
Combined
Shareholder Yield
2.56%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.98
Gross Debt / EBITDA
1.38
Cash / Debt
0.08
Equity / Assets
0.38
Coverage
Interest Coverage
384.76
Short-Term Liquidity
Current Ratio
1.33
Quick Ratio
0.25
Cash Ratio
0.08
Composite Scores
Piotroski F-Score
6
Altman Z-Score
6.84
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
No dividend history found.
Date
Transcript
Type
2026-09-10
Ulta Beauty Inc at Barclays Global Consumer Conference Transcript
Conference Presentations
2026-08-27
Q2 2026 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2026-06-04
Ulta Beauty Inc at William Blair Growth Stock Conference Transcript
Conference Presentations
2026-06-02
Q1 2026 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2026-04-08
Ulta Beauty Inc at JPMorgan Retail Round Up Transcript
Conference Presentations
2026-03-12
Q4 2025 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2025-12-04
Q3 2025 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2025-08-28
Q2 2025 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2025-05-29
Q1 2025 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
2025-03-13
Q4 2024 Ulta Beauty Inc Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
47.96%
×
×
Net Margin %
9.93%
×
×
Operating Margin %
13.24%
Operating Income
$1.59B
÷
Revenue
$11.98B
×
Tax Burden
0.7556
Net Income
$1.19B
÷
Pretax Income
$1.57B
×
Interest Burden
0.9931
Pretax Income
$1.57B
÷
Operating Income
$1.59B
×
Asset Turnover
1.85
÷
Revenue
$11.98B
÷
Average Total Assets
$6.49B
Begin Total Assets
$5.96B
End Total Assets
$7.01B
×
Equity Multiplier
2.61
÷
Avg Total Assets
$6.49B
÷
Avg Stockholders Equity
$2.48B
Begin Equity
$2.33B
End Equity
$2.63B