Ulta Beauty is the largest specialized beauty retailer in the US with more than 1,500 freestanding stores. The firm offers cosmetics (38% of 2025 sales), fragrances (13%), skin care (24%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for 4% of its revenue and drive customer traffic. Outside of the US, Ulta operates premium beauty retailer Space NK (86 stores at year-end 2025 in the UK and Ireland) and has franchised stores in Mexico, and a joint venture in the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Employees65,000IPOFeb 7, 2018SIC7231HQ1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440
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Financials (MXN)
Profitability
Metric
Current
Margins
Gross Margin
39.3%
Operating Margin
12.6%
EBITDA Margin
15.0%
Net Margin
9.4%
OCF Margin
11.9%
FCF Margin
8.7%
Returns on Capital
ROE
45.6%
ROA
17.7%
ROIC
23.4%
ROCE
35.4%
ROC (Greenblatt)
38.0%
3Y ROIIC
−4.7%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
17.30
Forward P/E
15.92
P/E ex-NRI
17.10
Shiller P/E (CAPE)
24.10
Cash Flow Multiples
P/FCF
18.11
P/OCF
13.28
P/Owner Earnings
25.49
FCF Yield
5.70%
Enterprise Value Multiples
EV / EBIT
13.76
EV / Forward EBIT
13.07
EV / EBITDA
11.52
EV / Forward EBITDA
11.02
EV / Revenue
1.72
EV / Forward Revenue
1.66
Asset / Sales
P/S
1.62
P/B
7.73
P/Tangible Book
9.26
Growth-Adjusted
PEG
0.74
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
4.30%
Combined
Shareholder Yield
3.75%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.89
Gross Debt / EBITDA
1.21
Cash / Debt
0.10
Equity / Assets
0.37
Coverage
Interest Coverage
236.86
Short-Term Liquidity
Current Ratio
1.31
Quick Ratio
0.28
Cash Ratio
0.10
Composite Scores
Piotroski F-Score
7
Altman Z-Score
5.79
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 %
45.23%
×
×
Net Margin %
9.35%
×
×
Operating Margin %
12.56%
Operating Income
MX$28.99B
÷
Revenue
MX$230.70B
×
Tax Burden
0.7549
Net Income
MX$21.56B
÷
Pretax Income
MX$28.56B
×
Interest Burden
0.9853
Pretax Income
MX$28.56B
÷
Operating Income
MX$28.99B
×
Asset Turnover
1.89
÷
Revenue
MX$230.70B
÷
Average Total Assets
MX$122.20B
Begin Total Assets
MX$121.70B
End Total Assets
MX$122.71B
×
Equity Multiplier
2.56
÷
Avg Total Assets
MX$122.20B
÷
Avg Stockholders Equity
MX$47.67B
Begin Equity
MX$49.41B
End Equity
MX$45.93B