ULTA
Ulta Beauty Inc
NASDAQ: ULTA · CONSUMER CYCLICAL · SPECIALTY RETAIL
$530.23
-1.47% today
Updated 2026-04-29
Market cap
$23.19B
P/E ratio
20.66
P/S ratio
1.87x
EPS (TTM)
$25.66
Dividend yield
—
52W range
$386 – $715
Volume
0.7M
Ulta Beauty Inc (ULTA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $755.11M | $912.14M | $1.08B | $1.22B | $1.45B | $1.78B | $2.22B | $2.67B | $3.24B | $3.92B | $4.85B | $5.88B | $6.72B | $7.40B | $6.15B | $8.63B | $10.21B | $11.21B | $11.30B | $12.39B |
| Revenue growth (YoY) | — | +20.8% | +18.9% | +12.7% | +19.0% | +22.1% | +25.0% | +20.3% | +21.4% | +21.1% | +23.7% | +21.2% | +14.1% | +10.1% | -16.8% | +40.3% | +18.3% | +9.8% | +0.8% | +9.7% |
| Cost of revenue | $519.93M | $628.50M | $756.71M | $849.72M | $970.75M | $1.16B | $1.44B | $1.73B | $2.10B | $2.54B | $3.11B | $3.79B | $4.31B | $4.72B | $4.20B | $5.26B | $6.16B | $6.83B | $6.91B | $7.55B |
| Gross profit | $235.18M | $283.65M | $327.93M | $373.05M | $484.08M | $616.84M | $783.67M | $941.25M | $1.14B | $1.38B | $1.75B | $2.10B | $2.41B | $2.68B | $1.95B | $3.37B | $4.04B | $4.38B | $4.39B | $4.85B |
| Gross margin | 31.1% | 31.1% | 30.2% | 30.5% | 33.3% | 34.7% | 35.3% | 35.2% | 35.1% | 35.3% | 36.0% | 35.6% | 35.9% | 36.2% | 31.7% | 39.0% | 39.6% | 39.1% | 38.8% | 39.1% |
| R&D | — | — | — | — | — | — | — | — | — | — | — | — | $314000.00 | $926000.00 | $926000.00 | $926000.00 | $1.01M | $889000.00 | $306000.00 | — |
| SG&A | — | $236.90M | $281.63M | $308.40M | $365.20M | $420.60M | $370.51M | $613.70M | $712.01M | $878.04M | $1.09B | $1.31B | $1.56B | $1.76B | $1.58B | $1.67B | $2.02B | $2.71B | $2.84B | $3.30B |
| Operating income | $40.09M | $46.72M | $46.30M | $68.15M | $118.88M | $196.19M | $294.79M | $344.86M | $424.78M | $520.98M | $673.39M | $809.58M | $873.85M | $920.35M | $313.74M | $1.25B | $1.65B | $1.69B | $1.58B | $1.55B |
| Operating margin | 5.3% | 5.1% | 4.3% | 5.6% | 8.2% | 11.0% | 13.3% | 12.9% | 13.1% | 13.3% | 13.9% | 13.8% | 13.0% | 12.4% | 5.1% | 14.5% | 16.2% | 15.0% | 14.0% | 12.5% |
| EBITDA | $69.82M | $86.22M | $97.75M | $130.32M | $183.82M | $272.13M | $368.21M | $433.99M | $543.07M | $672.49M | $866.01M | $1.04B | $1.14B | $1.20B | $534.59M | $1.57B | $1.88B | $1.94B | $1.85B | $1.85B |
| EBITDA margin | 9.2% | 9.5% | 9.0% | 10.7% | 12.6% | 15.3% | 16.6% | 16.3% | 16.8% | 17.1% | 17.8% | 17.7% | 17.0% | 16.2% | 8.7% | 18.1% | 18.5% | 17.3% | 16.4% | 14.9% |
| EBIT | $40.09M | $46.72M | $46.30M | $68.15M | $118.88M | $196.19M | $279.98M | $327.71M | $411.31M | $507.44M | $655.71M | $786.86M | $859.14M | $906.15M | $236.82M | $1.30B | $1.64B | $1.70B | $1.58B | $1.55B |
| Interest expense | $3.31M | $4.54M | $3.94M | $2.20M | $755000.00 | $587000.00 | $185000.00 | $118000.00 | $894000.00 | $1.14M | $890000.00 | $1.57M | $5.06M | $5.06M | $5.74M | $1.66M | $4.93M | $17.62M | — | $1.79M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $22.54M | $25.34M | $25.27M | $39.36M | $71.03M | $120.26M | $172.55M | $202.85M | $257.13M | $320.01M | $409.76M | $555.23M | $658.56M | $705.95M | $175.84M | $985.84M | $1.24B | $1.29B | $1.20B | $1.15B |
| Net income growth (YoY) | — | +12.4% | -0.3% | +55.8% | +80.5% | +69.3% | +43.5% | +17.6% | +26.8% | +24.5% | +28.0% | +35.5% | +18.6% | +7.2% | -75.1% | +460.7% | +26.0% | +3.9% | -7.0% | -4.0% |
| Profit margin | 3.0% | 2.8% | 2.3% | 3.2% | 4.9% | 6.8% | 7.8% | 7.6% | 7.9% | 8.2% | 8.4% | 9.4% | 9.8% | 9.5% | 2.9% | 11.4% | 12.2% | 11.5% | 10.6% | 9.3% |