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Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provides wellness products. The company was formerly known as ULTA Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2026
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2026 | $12.4B | $1.8B | $1.2B | $1.1B | 41.1% | 9.7% | -4.0% |
| 2025 | $11.3B | $1.8B | $1.2B | $964M | 48.3% | 0.8% | -7.0% |
| 2024 | $11.2B | $1.9B | $1.3B | $1.0B | 56.6% | 9.8% | 3.9% |
| 2023 | $10.2B | $1.9B | $1.2B | $1.2B | 63.4% | - | - |
| 2022 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Total Revenue | - | 10,208.58 | 11,207.30 | 11,295.65 | 12,392.82 |
| Cost Of Revenue | - | 6,164.07 | 6,826.20 | 6,908.40 | 7,547.60 |
| Gross Profit | - | 4,044.51 | 4,381.10 | 4,387.25 | 4,845.22 |
| Operating Expense | - | 2,395.30 | 2,694.56 | 2,808.59 | 3,296.41 |
| Operating Income | - | 1,649.21 | 1,686.54 | 1,578.66 | 1,548.81 |
| EBITDA | - | 1,890.58 | 1,930.38 | 1,845.70 | 1,849.58 |
| EBIT | - | 1,649.21 | 1,686.54 | 1,578.66 | 1,548.81 |
| Pretax Income | - | 1,643.54 | 1,695.65 | 1,580.07 | 1,531.20 |
| Tax Provision | - | 401.14 | 404.65 | 378.95 | 373.87 |
| Net Income | - | 1,242.41 | 1,291.01 | 1,201.12 | 1,153.48 |
| Net Income Common Stockholders | - | 1,242.41 | 1,291.01 | 1,201.12 | 1,153.48 |
| Total Expenses | - | 8,559.37 | 9,520.76 | 9,716.99 | 10,844.01 |
| Interest Income | - | 4.93 | 17.62 | 15.09 | - |
| Selling General And Administration | - | 2,395.30 | 2,694.56 | 2,808.59 | 3,296.41 |
| Normalized EBITDA | - | 1,901.18 | 1,938.89 | 1,859.39 | 1,865.41 |
| Normalized Income | - | 1,250.42 | 1,297.48 | 1,211.52 | 1,165.42 |
| Market Cap | 24,429.09 | 24,429.09 | 24,429.09 | 24,429.09 | 24,429.09 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Ulta Beauty, Inc.this co. | ULTA | - | 21.18↓ discount | 8.71 | 41.1% | 14.16 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Aptiv PLC | APTV | $12.8B | 91.48 | 1.64 | 1.8% | 9.40 |
| Best Buy Co., Inc. | BBY | $12.8B | 11.85 | 4.27 | 36.1% | 6.60 |
| Avery Dennison Corporation | AVY | $12.7B | 18.50 |
| - |
| - |
| - |
| - |
| - |
| 5.68 |
| 30.7% |
| 11.71 |
| Amcor plc | AMCR | $12.4B | 35.22 | 1.53 | 4.4% | 18.20 |
| Domino's Pizza, Inc. | DPZ | $12.4B | 20.56 | -3.17 | -15.4% | 16.39 |
| Wynn Resorts, Limited | WYNN | $10.9B | 33.66 | -40.00 | -118.8% | 12.35 |
| Booking Holdings Inc. | BKNG | $5.8B | 25.96 | -25.15 | -96.9% | 15.44 |
| Peer Median | - | 29.81 | 1.59 | 1.6% | 13.90 | |