Ulta Beauty Inc. ULTA

545.20 (3.58) (0.65%) as of 25 Sep
Market cap
$23.5B
P/E
19.8×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Ulta Beauty Inc. (ULTA) 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 in line with the Specialty Retail industry median of 37.9% and above the Consumer Cyclical sector median of 35.0%.

Gross margin, annual

Annual

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

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 92

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 36.5%
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 12.2%
Specialty Retail industry median 37.9%
Consumer Cyclical sector median 35.0%
Market median 46.3%

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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