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Saturday 17 October 2026 Export ULTA’s income statement to Excel — free account

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.

592.94 16.30 −2.68%
Market cap
$26.1B
P/E
21.5×
Fwd P/E
16.2×
Dividend yield
—
F-score
6/9
Altman Z
7.15
Beneish M
−2.39
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Ulta Beauty Inc. (ULTA) Debt to equity

Alert me on Debt to equity

Ulta Beauty Inc.'s debt to equity at the end of the quarter to 31 July 2026 was 0.1×, up 0.1× from fiscal 2026 (0.0×). Over the past ten years it has ranged from 0.0× (fiscal 2025) to 0.2× (fiscal 2022); the current reading is higher than 67% of that period. That is below the Specialty Retail industry median of 0.3× and below the Consumer Cyclical sector median of 0.2×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2026 0.0× —
FY2025 0.0× —
FY2024 0.0× —
FY2023 0.1× (19.10%)
FY2022 0.2× 41.11%
FY2021 0.1× 0.24%
FY2020 0.1× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period Debt to equity Change
Jul 2026 0.1× 128.88%
Apr 2026 0.1× 152.70%
Jan 2026 0.0× (89.40%)
Oct 2025 0.2× 88.74%
43 more quarters

Against its own ten years

Low 0.0× High 0.2×
Ten-year median 0.0×
Current reading's percentile 67

Debt to equity against peers

Company Debt to equity
WSM Williams-Sonoma, Inc. compare 0.0×
FIVE Five Below, Inc. compare 0.0×
ULTA Ulta Beauty Inc. 0.1×
DKS DICK'S Sporting Goods, Inc. compare 0.3×
BBY Best Buy Co., Inc. compare 0.4×
CASY Casey's General Stores, Inc. compare 0.6×
GME GameStop Corp. compare 0.7×
TSCO Tractor Supply Company compare 0.8×
MUSA Murphy USA Inc. compare 2.8×
Specialty Retail industry median 0.3×
Consumer Cyclical sector median 0.2×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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