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.

Revenue
+8.87%
EPS
+13.3%
Free cash flow
+96.5%
Total debt
+17.5%

Quarter to July 2026, against a year earlier

646.80 3.00 −0.46%
Market cap
$27.8B
P/E
23.5×
Fwd P/E
22.1×
Dividend yield
—
F-score
6/9
Altman Z
7.15
Beneish M
−2.39
Dividend safety
n/a

Ulta Beauty Inc. (ULTA) Gross margin

Alert me on Gross margin

Ulta Beauty Inc.'s gross margin over the twelve months to 31 July 2026 was 39.3%, up 0.2 percentage points from fiscal 2026 (39.1%). Over the past ten years it has ranged from 31.7% (fiscal 2021) to 39.6% (fiscal 2023); the current reading is higher than 92% of that period. That is above the Specialty Retail industry median of 36.0% and above the Consumer Cyclical sector median of 34.3%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 39.1% 0.26
FY2025 38.8% (0.25)
FY2024 39.1% (0.53)
FY2023 39.6% 0.59
FY2022 39.0% 7.35
FY2021 31.7% (4.56)
FY2020 36.2% 0.37
FY2019 35.9% 0.24
FY2018 35.6% (0.36)
FY2017 36.0% 0.71

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 39.1% (0.97)
Apr 2026 40.1% 2.01
Jan 2026 38.1% (2.38)
Oct 2025 40.4% 1.29
43 more quarters

Against its own ten years

Low 31.7% High 39.6%
Ten-year median 36.1%
Current reading's percentile 84

Gross margin against peers

Company Gross margin
WSM Williams-Sonoma, Inc. compare 47.2%
FIVE Five Below, Inc. compare 40.3%
ULTA Ulta Beauty Inc. 39.3%
GME GameStop Corp. compare 37.9%
TSCO Tractor Supply Company compare 36.3%
DKS DICK'S Sporting Goods, Inc. compare 32.1%
CASY Casey's General Stores, Inc. compare 23.8%
BBY Best Buy Co., Inc. compare 22.7%
MUSA Murphy USA Inc. compare 11.7%
Specialty Retail industry median 36.0%
Consumer Cyclical sector median 34.3%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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