Ulta Beauty Inc.
ULTA Consumer Cyclical Specialty Retail
Ulta Beauty Inc.’s revenue for fiscal 2026 (year ended January 2026) was $12.4 billion, up 9.71% from fiscal 2025. In the quarter to July 2026, revenue grew 8.87%, EPS grew 13.3%, free cash flow grew 96.5% and total debt rose 17.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Jan '26 | Jan '25 | Jan '24 | Jan '23 | Jan '22 | Jan '21 | Jan '20 | Jan '19 | Jan '18 | Jan '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
494.24 | 703.20 | 766.59 | 737.88 | 431.56 | 1,046.05 | 502.33 | 409.25 | 397.45 | 415.01 |
Receivables |
296.22 | 223.33 | 207.94 | 199.42 | 233.68 | 193.11 | 139.34 | 136.17 | 99.72 | 88.63 |
Inventory |
2,181.13 | 1,968.21 | 1,742.14 | 1,603.45 | 1,499.22 | 1,168.22 | 1,293.70 | 1,214.33 | 1,096.42 | 943.98 |
Total current assets |
3,144.15 | 3,028.81 | 2,836.52 | 2,709.30 | 2,281.18 | 2,514.78 | 2,055.32 | 1,914.86 | 1,693.74 | 1,536.24 |
Property, Plant, Equpment (Net) |
1,434.06 | 1,239.30 | 1,182.34 | 1,009.27 | 914.48 | 995.80 | 1,205.52 | 1,226.03 | 1,189.45 | 1,004.36 |
Goodwill and Intangible Assets (Total) |
429.71 | 11.07 | 11.38 | 12.18 | 12.41 | 13.34 | 14.26 | 15.19 | — | — |
Long Term Assets (Tax, Deferred) |
53.39 | 47.95 | 43.52 | 35.38 | 38.41 | 33.22 | 27.85 | 20.51 | 16.83 | 11.28 |
Long-term assets (Other) |
124.91 | 64.70 | 58.73 | 43.01 | 35.65 | 28.23 | 23.36 | 14.58 | 8.66 | 11.00 |
Total non-current assets |
3,855.15 | 2,972.89 | 2,870.49 | 2,661.11 | 2,483.20 | 2,575.19 | 2,808.56 | 1,276.31 | 1,214.94 | 1,015.64 |
Total Assets |
6,999.29 | 6,001.69 | 5,707.01 | 5,370.41 | 4,764.38 | 5,089.97 | 4,863.87 | 3,191.17 | 2,908.69 | 2,551.88 |
Accounts Payable |
685.89 | 563.76 | 544.00 | 559.53 | 552.73 | 477.05 | 414.01 | 404.02 | 325.76 | 259.52 |
Accrued Expenses |
551.38 | 380.24 | 382.47 | 444.28 | 364.80 | 296.33 | 246.09 | 220.67 | 189.17 | 260.85 |
Current Part of Debt |
62.29 | — | — | 283.00 | 274.00 | 253.00 | 240.00 | — | — | — |
Current Part of Taxes to Pay |
35.74 | 46.78 | 11.31 | — | 12.79 | 42.53 | 0.00 | 0.00 | 14.10 | 8.97 |
Current Revenue (Deferred) |
582.38 | 500.59 | 436.59 | 394.68 | 353.58 | 274.38 | 237.54 | 199.05 | 113.14 | — |
Total current liabilities |
2,224.34 | 1,779.48 | 1,658.19 | 1,681.78 | 1,558.01 | 1,343.71 | 1,137.26 | 823.74 | 642.17 | 529.34 |
Non-current Revenue (Deferred) |
— | — | — | — | — | — | — | 434.98 | 407.92 | 366.19 |
Long Term Tax Liability (Deferred) |
98.77 | 42.59 | 85.92 | 55.35 | 39.69 | 65.36 | 89.37 | 83.86 | 59.40 | 86.50 |
Non-current Liabilities (Other) |
59.63 | 56.15 | 56.30 | 53.60 | 58.67 | 37.96 | 36.43 | 28.37 | 24.99 | 19.63 |
Total non-current liabilities |
1,971.50 | 1,733.86 | 1,769.49 | 1,728.83 | 1,671.00 | 1,746.71 | 1,824.52 | 547.22 | 492.30 | 472.32 |
Total liabilities |
4,195.84 | 3,513.34 | 3,427.68 | 3,410.60 | 3,229.01 | 3,090.42 | 2,961.78 | 1,370.95 | 1,134.47 | 1,001.66 |
Additional Paid In Capital |
1,182.75 | 1,120.77 | 1,075.10 | 1,024.00 | 934.95 | 847.30 | 807.49 | 738.67 | 698.92 | 658.33 |
Preferred Stock (Total) |
— | (106.79) | (83.03) | — | — | — | — | — | — | — |
Common Stock (Net) |
0.45 | 0.47 | 0.49 | 0.51 | 0.53 | 0.57 | 0.57 | 0.59 | 0.61 | 0.63 |
Retained Earnings |
1,736.93 | 1,473.91 | 1,286.77 | 995.77 | 653.38 | 1,189.42 | 1,128.48 | 1,105.86 | 1,093.45 | 905.79 |
Treasury Stock |
120.44 | 106.79 | 83.03 | 60.47 | 53.48 | 37.80 | 34.45 | 24.91 | 18.77 | 14.52 |
Common Equity (Total) |
2,803.45 | 2,488.35 | 2,279.33 | 1,959.81 | 1,535.37 | 1,999.55 | 1,902.09 | 1,820.22 | 1,774.22 | 1,550.22 |
Shareholders Equity (Total) |
2,803.45 | 2,488.35 | 2,279.33 | 1,959.81 | 1,535.37 | 1,999.55 | 1,902.09 | 1,820.22 | 1,774.22 | 1,550.22 |
Shareholders Equity and Liabilities (Total) |
6,999.29 | 6,001.69 | 5,707.01 | 5,370.41 | 4,764.38 | 5,089.97 | 4,863.87 | 3,191.17 | 2,908.69 | 2,551.88 |
Shares (Common) |
44.17 | 45.97 | 48.32 | 50.36 | 52.31 | 56.26 | 56.60 | 58.58 | 60.82 | 62.13 |
Shareholders Equity (Tangible) |
2,373.74 | 2,477.28 | 2,267.95 | 1,947.63 | 1,522.97 | 1,986.21 | 1,887.83 | 1,805.03 | 1,774.22 | 1,550.22 |
Net Debt |
(431.96) | (703.20) | (766.59) | (454.88) | (157.56) | (793.05) | (262.32) | (409.25) | (397.44) | (415.01) |
Total Debt |
62.29 | — | — | 283.00 | 274.00 | 253.00 | 240.00 | — | — | — |