Ulta Beauty

Consumer Discretionary Other Specialty Retail Bolingbrook, Illinois Last filing Mar 26, 2026 · FY2026

                    Revenue
                    FY2026
                
$12.4B
                    3y CAGR +3.4%
                    
                    P44
                    
                    +9.7%
                    
                    Net income
                    FY2026
                
$1.2B
                    Net margin +9.3%
                    
                    P55
                    
                    -4.0%
                    
                    Total assets
                    FY2026
                
$7.0B
                    ROA +16.5%
                    
                    P78
                    
                    +16.6%
                    
                    Operating cash flow
                    FY2026
                
$1.5B
                    FCF margin +8.6%
                    
                    P55
                    
                    +12.3%

18 yrs · FY2009–FY2026 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

29 accounts · 10 years

Total assets $7.0B

Total liabilities $4.2B

Shareholders equity $2.8B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash and Cash Equivalents	-39.7%	-8.3%	+0.0%	+3.9%	+71.0%	-58.7%	+166.6%	-4.1%	+47.5%	—
Short Term Investments	—	—	—	—	—	—	-100.0%	—	-100.0%	—
Accounts Receivable	+32.6%	+7.4%	—	—	—	—	—	—	—	—
Prepaid Expenses	+31.2%	+11.7%	—	—	—	—	—	—	—	—
Other Current Assets	+31.2%	+11.7%	+0.0%	-11.2%	+17.5%	+3.2%	+3.7%	-25.0%	+40.0%	—
Total Current Assets	+3.8%	+6.8%	+0.0%	+4.7%	+18.8%	-9.3%	+22.4%	+7.3%	+13.1%	—
Property,Plant and Equipment	+15.7%	+4.8%	—	—	—	—	—	—	—	—
Operating Lease Assets	+12.6%	+2.2%	—	—	—	—	—	—	—	—
Goodwill	+1983.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—	—
Long Term Investments	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+93.1%	+10.2%	+0.0%	+36.6%	+20.6%	+26.3%	+20.8%	+60.1%	+68.3%	—
Total Assets	+16.6%	+5.2%	+0.0%	+6.3%	+12.7%	-6.4%	+4.6%	+52.4%	+9.7%	—
Liabilities
Accounts Payable	+21.7%	+3.6%	+0.0%	-2.8%	+1.2%	+15.9%	+15.2%	+2.5%	+24.0%	—
Accrued Liabilities	+45.0%	-0.6%	—	—	—	—	—	—	—	—
Deferred Revenue	+16.3%	+14.7%	—	—	—	—	—	—	—	—
Operating Lease Liabilities	+6.4%	+1.5%	—	—	—	—	—	—	—	—
Other Current Liabilities	+6.2%	-0.3%	—	—	—	—	—	—	—	—
Total Current Liabilities	+25.0%	+7.3%	+0.0%	-1.4%	+7.9%	+15.9%	+18.2%	+38.1%	+28.3%	—
Operating Lease Liabilities Noncurrent	+10.9%	+0.5%	—	—	—	—	—	—	—	—
Deferred Tax Liabilities	+131.9%	-50.4%	+0.0%	+55.2%	+39.4%	-39.3%	-26.9%	+6.6%	-26.6%	—
Other Noncurrent Liabilities	+6.2%	-0.3%	+0.0%	+5.0%	-8.6%	+54.5%	+4.2%	+28.4%	+13.6%	—
Total Liabilities	+19.4%	+2.5%	+0.0%	+0.5%	+5.6%	+4.5%	+4.3%	+116.0%	+20.8%	—
Equity
Common Stock	-3.8%	-4.7%	+0.0%	-3.9%	-3.6%	-6.9%	-0.7%	-3.2%	-3.6%	—
Additional Paid In Capital	+5.5%	+4.2%	+0.0%	+5.0%	+9.5%	+10.3%	+4.9%	+9.3%	+5.7%	—
Retained Earnings	+17.8%	+14.5%	+0.0%	+29.2%	+52.4%	-45.1%	+5.4%	+2.0%	+1.1%	—
Treasury Stock	-42.6%	+5.3%	+0.0%	+222.7%	-55.4%	+367.6%	-64.9%	+55.3%	+44.7%	—
Accumulated Other Comprehensive Income	—	—	—	—	—	—	—	—	—	—
Total Stockholders Equity	+12.7%	+9.2%	—	—	—	—	—	—	—	—
Total Liabilitiesand Equity	+16.6%	+5.2%	—	—	—	—	—	—	—	—

Income Statement

Revenue, expense, and profitability

15 accounts · 10 years

Revenue $12.4B

Operating income $1.5B

Net income $1.2B

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
IncomeStatement
Revenues Total Revenue	+9.7%	+0.8%	—	—	—	—	—	—	—	—
Expenses Cost of Revenue	+9.3%	+1.2%	—	—	—	—	—	—	—	—
Expenses Selling,General and Administrative	+17.4%	+4.2%	—	—	—	—	—	—	—	—
Expenses Depreciation and Amortization	+12.6%	+9.5%	—	—	—	—	—	—	—	—
Expenses Share Based Compensation	-12.5%	-11.3%	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	+10.4%	+0.1%	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	-2.0%	-6.7%	—	—	—	—	—	—	—	—
Other Income Expense Income Before Tax	-3.1%	-6.8%	—	—	—	—	—	—	—	—
Income Tax Income Tax Expense	-1.3%	-6.4%	—	—	—	—	—	—	—	—
net Income net Income	-4.0%	-7.0%	—	—	—	—	—	—	—	—
net Income Comprehensive Income	-3.7%	-7.0%	—	—	—	—	—	—	—	—
Earnings Per Share Basic Eps	+1.1%	-2.8%	+0.0%	+8.3%	+33.6%	+479.8%	-74.4%	+11.0%	+22.0%	—
Earnings Per Share Diluted Eps	+1.2%	-2.7%	+0.0%	+8.4%	+33.5%	+478.1%	-74.4%	+11.1%	+22.1%	—
Earnings Per Share Weighted Average Shares Basic	-5.0%	-4.3%	+0.0%	-4.1%	-5.7%	-3.3%	-2.6%	-3.4%	-2.7%	—
Earnings Per Share Weighted Average Shares Diluted	-5.1%	-4.4%	+0.0%	-4.1%	-5.7%	-3.0%	-2.7%	-3.4%	-2.9%	—

Cash Flow Statement

Operating, investing, and financing flows

16 accounts · 10 years

Operating cash flow $1.5B

Investing cash flow $-931.3M

Financing cash flow $-850.7M

Account	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
CashFlow
Operating Activities net Income	-4.0%	-7.0%	+0.0%	+3.9%	+26.0%	+460.7%	-75.1%	+7.2%	+18.6%	—
Operating Activities Depreciation and Amortization	+12.6%	+9.5%	+0.0%	+1.0%	-10.1%	-9.8%	+0.7%	+5.8%	+10.6%	—
Operating Activities Stock Based Compensation	-12.5%	-11.3%	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	+96.2%	-241.7%	—	—	—	—	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	+27.0%	+310.7%	—	—	—	—	—	—	—	—
Operating Activities net Cash From Operating Activities	+12.3%	-9.3%	+0.0%	-0.4%	+39.9%	+30.7%	-26.4%	+15.2%	+22.7%	—
Investing Activities Capital Expenditures	+16.1%	-14.0%	+0.0%	+39.5%	+81.3%	+13.4%	-49.1%	-6.5%	-27.5%	—
Investing Activities Business Acquisitions	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	-143.1%	+13.2%	+0.0%	-40.3%	-78.3%	-262.0%	+89.7%	-119.2%	+59.5%	—
Financing Activities Repurchase of Common Stock	-10.2%	+0.8%	—	—	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+163.9%	+1.3%	—	—	—	—	—	—	—	—
Financing Activities net Cash From Financing Activities	+16.5%	-1.3%	+0.0%	-16.9%	+42.5%	-1287.2%	+83.3%	-6.2%	-71.0%	—
Cash Reconciliation Effect of Exchange Rate On Cash	-39.7%	-8.3%	—	—	—	—	—	—	—	—
Cash Reconciliation net Change In Cash	-340.0%	-320.8%	+0.0%	-90.6%	+149.8%	-194.0%	+3962.3%	-112.8%	+222.5%	—
Cash Reconciliation Cash At Beginning of Period	-39.7%	-8.3%	—	—	—	—	—	—	—	—
Cash Reconciliation Cash At End of Period	-39.7%	-8.3%	—	—	—	—	—	—	—	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017
Profitability
Gross margin	+39.1%	+38.8%	+39.1%	+39.1%	+39.6%	+39.0%	+31.7%	+36.2%	+35.9%	+35.6%
Operating margin	+12.4%	+13.9%	+15.0%	+15.0%	+16.1%	+15.0%	+3.8%	+12.2%	+12.7%	+13.3%
Net margin	+9.3%	+10.6%	+11.5%	+11.5%	+12.2%	+11.4%	+2.9%	+9.5%	+9.8%	+9.4%
FCF margin	+8.6%	+8.5%	+9.3%	+9.3%	+11.5%	+10.3%	+10.7%	+10.9%	+9.5%	+5.8%
Growth
Revenue CAGR (3y)	+3.4%	+3.4%	+9.1%	+22.1%	+11.3%	+8.7%	+1.5%	+15.1%	—	—
Returns
ROE	+41.1%	+48.3%	+56.6%	+56.6%	+63.4%	+64.2%	+8.8%	+37.1%	+36.2%	+31.3%
ROA	+16.5%	+20.0%	+22.6%	+22.6%	+23.1%	+20.7%	+3.5%	+14.5%	+20.6%	+19.1%
ROIC	+47.5%	—	—	+71.1%	+82.3%	+71.6%	+14.9%	+40.1%	+46.4%	+37.0%
Liquidity
Current ratio	1.41x	1.70x	1.71x	1.71x	1.61x	1.46x	1.87x	1.81x	2.32x	2.64x
Quick ratio	0.32x	0.52x	0.59x	—	—	—	—	—	—	—
Leverage
D/E	1.50x	1.41x	1.50x	1.50x	1.74x	2.10x	1.55x	1.56x	0.75x	0.64x
Interest coverage	—	—	—	—	—	—	—	—	—	—
Efficiency
Asset turnover	1.77x	1.88x	1.96x	1.96x	1.90x	1.81x	1.21x	1.52x	2.10x	2.02x
Cash conversion cycle	—	—	—	—	—	—	—	—	—	—

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Ulta Beauty

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