Ulta Beauty, Inc. (ULTA)
Q3-CY2026Q2-CY2026Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014
Balance Sheet Date2026-Aug-012026-May-022026-Jan-312025-Nov-012025-Aug-022025-May-032025-Feb-012024-Nov-022024-Aug-032024-May-042024-Feb-032023-Oct-282023-Jul-292023-Apr-292023-Jan-282022-Oct-292022-Jul-302022-Apr-302022-Jan-292021-Oct-302021-Jul-312021-May-012021-Jan-302020-Oct-312020-Aug-012020-May-022020-Feb-012019-Nov-022019-Aug-032019-May-042019-Feb-022018-Nov-032018-Aug-042018-May-052018-Feb-032017-Oct-282017-Jul-292017-Apr-292017-Jan-282016-Oct-292016-Jul-302016-Apr-302016-Jan-302015-Oct-312015-Aug-012015-May-022015-Jan-312014-Nov-01
Fiscal PeriodQ2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014
Total Revenue3,035,676,000$3,163,857,000$3,898,361,000$2,857,623,000$2,788,469,000$2,848,367,000$3,487,619,000$2,530,100,000$2,552,087,000$2,725,848,000$3,554,298,000$2,488,933,000$2,529,809,000$2,634,263,000$3,226,773,000$2,338,793,000$2,297,113,000$2,345,901,000$2,729,388,000$1,995,775,000$1,967,207,000$1,938,519,000$2,198,701,000$1,552,033,000$1,228,009,000$1,173,210,000$2,305,918,000$1,682,514,000$1,666,607,000$1,743,029,000$2,124,716,000$1,560,011,000$1,488,221,000$1,543,667,000$1,937,592,000$1,342,181,000$1,289,854,000$1,314,879,000$1,580,574,000$1,131,232,000$1,069,215,000$1,073,716,000$1,268,295,000$910,700,000$876,999,000$868,122,000$1,047,641,000$745,722,000$
QoQ%(4.05%)(18.84%)36.42%2.48%(2.10%)(18.33%)37.85%(.86%)(6.38%)(23.31%)42.80%(1.62%)(3.97%)(18.36%)37.97%1.81%(2.08%)(14.05%)36.76%1.45%1.48%(11.83%)41.67%26.39%4.67%(49.12%)37.05%.95%(4.38%)(17.96%)36.20%4.82%(3.59%)(20.33%)44.36%4.06%(1.90%)(16.81%)39.72%5.80%(.42%)(15.34%)39.27%3.84%1.02%(17.14%)40.49%1.56%
YoY%8.87%11.08%11.78%12.95%9.26%4.50%(1.88%)1.65%.88%3.48%10.15%6.42%10.13%12.29%18.22%17.19%16.77%21.02%24.14%28.59%60.20%65.23%(4.65%)(7.76%)(26.32%)(32.69%)8.53%7.85%11.99%12.92%9.66%16.23%15.38%17.40%22.59%18.65%20.64%22.46%24.62%24.22%21.92%23.68%21.06%22.12%19.44%21.63%20.69%20.52%
Cost Of Revenue1,848,724,000$1,896,237,000$2,414,717,000$1,701,958,000$1,696,773,000$1,734,148,000$2,153,967,000$1,524,456,000$1,573,910,000$1,656,068,000$2,213,734,000$1,496,866,000$1,536,197,000$1,579,406,000$2,014,270,000$1,375,976,000$1,368,949,000$1,404,875,000$1,702,059,000$1,206,301,000$1,169,244,000$1,184,731,000$1,427,673,000$1,006,514,000$899,002,000$869,605,000$1,499,033,000$1,059,081,000$1,060,708,000$1,098,182,000$1,383,857,000$987,733,000$952,760,000$982,954,000$1,279,245,000$849,053,000$820,528,000$838,871,000$1,035,666,000$704,179,000$684,377,000$683,286,000$829,259,000$575,062,000$570,524,000$564,938,000$697,904,000$463,967,000$
Gross Profit1,186,952,000$1,267,620,000$1,483,644,000$1,155,665,000$1,091,696,000$1,114,219,000$1,333,652,000$1,005,644,000$978,177,000$1,069,780,000$1,340,564,000$992,067,000$993,612,000$1,054,857,000$1,212,503,000$962,817,000$928,164,000$941,026,000$1,027,329,000$789,474,000$797,963,000$753,788,000$771,028,000$545,519,000$329,007,000$303,605,000$806,885,000$623,433,000$605,899,000$644,847,000$740,859,000$572,278,000$535,461,000$560,713,000$658,347,000$493,128,000$469,326,000$476,008,000$544,908,000$427,053,000$384,838,000$390,430,000$439,036,000$335,638,000$306,475,000$303,184,000$349,737,000$281,755,000$
Gross Margin39.10%40.07%38.06%40.44%39.15%39.12%38.24%39.75%38.33%39.25%37.72%39.86%39.28%40.04%37.58%41.17%40.41%40.11%37.64%39.56%40.56%38.89%35.07%35.15%26.79%25.88%34.99%37.05%36.36%37.00%34.87%36.68%35.98%36.32%33.98%36.74%36.39%36.20%34.48%37.75%35.99%36.36%34.62%36.86%34.95%34.92%33.38%37.78%
Operating Expenses807,311,000$819,364,000$1,006,702,000$846,246,000$746,842,000$712,442,000$817,331,000$687,142,000$648,976,000$668,832,000$823,474,000$664,840,000$601,970,000$612,787,000$764,885,000$600,961,000$536,736,000$503,318,000$651,707,000$505,235,000$465,656,000$448,464,000$546,756,000$444,242,000$316,252,000$405,089,000$519,129,000$455,653,000$397,881,000$407,307,000$459,649,000$403,065,000$341,646,000$350,871,000$403,928,000$330,461,000$289,526,000$287,603,000$320,678,000$287,392,000$241,069,000$243,266,000$269,550,000$224,869,000$188,015,000$195,602,000$212,270,000$187,667,000$
Operating Income379,641,000$448,256,000$476,942,000$309,419,000$344,854,000$401,777,000$516,321,000$318,502,000$329,201,000$400,948,000$517,090,000$327,227,000$391,642,000$442,070,000$447,618,000$361,856,000$391,428,000$437,708,000$375,622,000$284,239,000$332,307,000$305,324,000$224,272,000$101,277,000$12,755,000$(101,484,000$)287,756,000$167,780,000$208,018,000$237,540,000$281,210,000$169,213,000$193,815,000$209,842,000$254,419,000$162,667,000$179,800,000$188,405,000$224,230,000$139,661,000$143,769,000$147,164,000$169,486,000$110,769,000$118,460,000$107,582,000$137,467,000$94,088,000$
Operating Margin12.51%14.17%12.23%10.83%12.37%14.11%14.80%12.59%12.90%14.71%14.55%13.15%15.48%16.78%13.87%15.47%17.04%18.66%13.76%14.24%16.89%15.75%10.20%6.53%1.04%(8.65%)12.48%9.97%12.48%13.63%13.24%10.85%13.02%13.59%13.13%12.12%13.94%14.33%14.19%12.35%13.45%13.71%13.36%12.16%13.51%12.39%13.12%12.62%
Interest Income0$652,000$0$0$1,413,000$3,547,000$1,994,000$1,674,000$4,526,000$6,900,000$3,328,000$2,497,000$4,449,000$7,348,000$4,378,000$849,000$108,000$0$0$0$0$0$0$0$0$0$439,000$900,000$1,671,000$2,046,000$1,275,000$1,318,000$1,143,000$1,325,000$359,000$316,000$555,000$338,000$116,000$211,000$
Interest Expenses3,684,000$0$2,624,000$4,123,000$0$0$0$0$0$0$0$0$0$0$0$0$0$401,000$467,000$413,000$425,000$358,000$463,000$1,383,000$2,617,000$1,272,000$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$
Income Before Tax375,957,000$448,908,000$474,318,000$305,296,000$346,267,000$405,324,000$518,315,000$320,176,000$333,727,000$407,848,000$520,418,000$329,724,000$396,091,000$449,418,000$451,996,000$362,705,000$391,536,000$437,307,000$375,155,000$283,826,000$331,882,000$304,966,000$223,809,000$99,894,000$10,138,000$(102,756,000$)288,195,000$168,680,000$209,689,000$239,586,000$282,485,000$170,531,000$194,958,000$211,167,000$254,778,000$162,983,000$180,355,000$188,743,000$224,346,000$139,872,000$144,017,000$147,479,000$169,759,000$111,052,000$118,736,000$107,893,000$137,698,000$94,342,000$
Tax Expenses91,878,000$106,860,000$115,994,000$73,436,000$84,795,000$99,644,000$125,045,000$77,997,000$81,171,000$94,735,000$126,049,000$80,241,000$95,989,000$102,367,000$111,245,000$88,120,000$95,859,000$105,912,000$85,789,000$68,537,000$80,989,000$74,677,000$52,315,000$25,096,000$2,086,000$(24,247,000$)65,476,000$38,933,000$48,431,000$47,365,000$67,811,000$39,365,000$46,635,000$46,771,000$46,605,000$58,338,000$66,162,000$60,520,000$84,128,000$52,310,000$54,013,000$55,503,000$61,936,000$39,982,000$44,567,000$40,947,000$50,434,000$35,218,000$
Net Income282,006,000$340,469,000$356,677,000$230,875,000$260,875,000$305,052,000$393,270,000$242,179,000$252,556,000$313,113,000$394,369,000$249,483,000$300,102,000$347,051,000$340,751,000$274,585,000$295,677,000$331,395,000$289,366,000$215,289,000$250,893,000$230,289,000$171,494,000$74,798,000$8,052,000$(78,509,000$)222,719,000$129,747,000$161,258,000$192,221,000$214,674,000$131,166,000$148,323,000$164,396,000$208,173,000$104,645,000$114,193,000$128,223,000$140,218,000$87,562,000$90,004,000$91,976,000$107,823,000$71,070,000$74,169,000$66,946,000$87,264,000$59,124,000$
Profit Margin9.29%10.76%9.15%8.08%9.36%10.71%11.28%9.57%9.90%11.49%11.10%10.02%11.86%13.18%10.56%11.74%12.87%14.13%10.60%10.79%12.75%11.88%7.80%4.82%.66%(6.69%)9.66%7.71%9.68%11.03%10.10%8.41%9.97%10.65%10.74%7.80%8.85%9.75%8.87%7.74%8.42%8.57%8.50%7.80%8.46%7.71%8.33%7.93%
TTM9.34%9.36%9.31%9.93%10.31%10.45%10.63%10.58%10.68%11.13%11.52%11.37%11.77%11.99%12.17%12.26%12.08%12.03%11.42%10.72%9.50%7.01%2.86%3.63%4.41%6.37%9.54%9.67%9.86%9.93%9.81%9.99%9.91%9.67%9.44%8.82%8.84%8.75%8.44%8.31%8.35%8.36%8.16%8.09%8.13%8.07%7.93%7.86%
Earnings to Minority
Earnings to Common Shareholders282,006,000$340,469,000$356,677,000$230,875,000$260,875,000$305,052,000$393,270,000$242,179,000$252,556,000$313,113,000$394,369,000$249,483,000$300,102,000$347,051,000$340,751,000$274,585,000$295,677,000$331,395,000$289,366,000$215,289,000$250,893,000$230,289,000$171,494,000$74,798,000$8,052,000$(78,509,000$)222,719,000$129,747,000$161,258,000$192,221,000$214,674,000$131,166,000$148,323,000$164,396,000$208,173,000$104,645,000$114,193,000$128,223,000$140,218,000$87,562,000$90,004,000$91,976,000$107,823,000$71,070,000$74,169,000$66,946,000$87,264,000$59,124,000$
QoQ%(17.17%)(4.54%)54.49%(11.50%)(14.48%)(22.43%)62.39%(4.11%)(19.34%)(20.60%)58.07%(16.87%)(13.53%)1.85%24.10%(7.13%)(10.78%)14.53%34.41%(14.19%)8.95%34.28%129.28%828.94%110.26%(135.25%)71.66%(19.54%)(16.11%)(10.46%)63.67%(11.57%)(9.78%)(21.03%)98.93%(8.36%)(10.94%)(8.56%)60.14%(2.71%)(2.14%)(14.70%)51.71%(4.18%)10.79%(23.28%)47.60%(2.75%)
YoY%8.10%11.61%(9.31%)(4.67%)3.29%(2.57%)(.28%)(2.93%)(15.84%)(9.78%)15.74%(9.14%)1.50%4.72%17.76%27.54%17.85%43.90%68.73%187.83%3,015.91%393.33%(23.00%)(42.35%)(95.01%)(140.84%)3.75%(1.08%)8.72%16.93%3.12%25.34%29.89%28.21%48.46%19.51%26.88%39.41%30.05%23.21%21.35%37.39%23.56%20.21%22.00%34.02%23.46%30.14%
Earnings Per Share, Basic6.57$7.78$8.05$5.16$5.80$6.72$8.50$5.16$5.32$6.51$8.14$5.09$6.05$6.92$6.73$5.37$5.73$6.34$5.44$3.97$4.59$4.13$3.04$1.33$0.14$(1.39$)3.91$2.25$2.77$3.28$3.64$2.20$2.47$2.71$3.42$1.71$1.84$2.06$2.25$1.40$1.44$1.46$1.69$1.11$1.16$1.04$1.36$0.92$
Earnings Per Share, Diluted6.55$7.74$8.02$5.14$5.78$6.70$8.46$5.14$5.30$6.47$8.07$5.07$6.02$6.88$6.67$5.34$5.70$6.30$5.41$3.94$4.56$4.10$3.02$1.32$0.14$(1.39$)3.89$2.25$2.76$3.26$3.62$2.18$2.46$2.70$3.40$1.70$1.83$2.05$2.24$1.40$1.43$1.45$1.69$1.11$1.15$1.04$1.35$0.91$
Unlevered FCF Per Share, Basic0.89$4.65$22.32$(1.82$)0.44$3.11$20.80$(3.65$)2.19$1.42$20.52$(3.61$)0.58$3.89$15.81$(0.99$)1.26$6.80$10.92$(0.69$)0.89$5.30$9.16$3.61$0.08$(1.17$)8.53$0.35$1.66$3.41$5.94$0.66$0.72$3.35$5.70$(1.17$)1.59$3.52$
Unlevered FCF Per Share, Diluted0.89$4.63$22.25$(1.82$)0.43$3.10$20.71$(3.63$)2.19$1.41$20.35$(3.60$)0.58$3.87$15.68$(0.99$)1.25$6.76$10.85$(0.69$)0.88$5.26$9.09$3.60$0.08$(1.17$)8.50$0.35$1.65$3.39$5.91$0.66$0.72$3.33$5.66$(1.16$)1.58$3.50$
Average Shares, Basic42,955,00043,781,00044,320,00044,731,00044,955,00045,362,00046,270,00046,928,00047,505,00048,125,00048,439,00049,007,00049,617,00050,153,00050,624,00051,131,00051,607,00052,250,00053,167,00054,291,00054,675,00055,795,00056,340,00056,327,00056,318,00056,419,00056,990,00057,568,00058,171,00058,631,00059,052,00059,724,00060,070,00060,610,00060,889,00061,299,00061,935,00062,101,00062,199,00062,371,00062,475,00063,031,00063,647,00063,882,00064,087,00064,180,00064,299,00064,419,000
Average Shares, Diluted43,062,00043,964,00044,449,00044,895,00045,112,00045,508,00046,476,00047,092,00047,667,00048,381,00048,840,00049,226,00049,849,00050,469,00051,052,00051,418,00051,900,00052,582,00053,518,00054,660,00055,014,00056,172,00056,770,00056,546,00056,497,00056,419,00057,218,00057,763,00058,446,00058,993,00059,378,00060,062,00060,375,00060,909,00061,297,00061,630,00062,379,00062,594,00062,564,00062,692,00062,813,00063,335,00063,939,00064,196,00064,410,00064,555,00064,623,00064,738,000
EBIT379,641,000$448,908,000$476,942,000$309,419,000$346,267,000$405,324,000$518,315,000$320,176,000$333,727,000$407,848,000$520,418,000$329,724,000$396,091,000$449,418,000$451,996,000$362,705,000$391,536,000$437,708,000$375,622,000$284,239,000$332,307,000$305,324,000$224,272,000$101,277,000$12,755,000$(101,484,000$)288,195,000$168,680,000$209,689,000$239,586,000$282,485,000$170,531,000$194,958,000$211,167,000$254,778,000$162,983,000$180,355,000$188,743,000$224,346,000$139,872,000$144,017,000$147,479,000$169,759,000$111,052,000$118,736,000$107,893,000$137,698,000$94,342,000$
EBITDA460,966,000$530,307,000$558,729,000$385,206,000$417,432,000$477,357,000$588,282,000$387,197,000$399,041,000$472,587,000$582,985,000$391,135,000$458,004,000$507,367,000$511,186,000$421,166,000$452,418,000$500,547,000$439,348,000$349,396,000$401,285,000$375,923,000$295,658,000$173,634,000$90,158,000$(24,858,000$)364,587,000$242,936,000$282,830,000$311,396,000$354,305,000$240,368,000$263,984,000$279,956,000$319,781,000$225,111,000$243,461,000$251,219,000$283,627,000$193,334,000$193,682,000$195,366,000$215,757,000$153,365,000$157,507,000$145,860,000$173,407,000$128,025,000$