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) Operating margin

Alert me on Operating margin

Ulta Beauty Inc.'s operating margin over the twelve months to 31 July 2026 was 12.5%, up 0.1 percentage points from fiscal 2026 (12.4%). Over the past ten years it has ranged from 3.85% (fiscal 2021) to 16.1% (fiscal 2023); the current reading is higher than 25% of that period. That is above the Specialty Retail industry median of 4.14% and above the Consumer Cyclical sector median of 3.88%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 12.4% (1.48)
FY2025 13.9% (1.12)
FY2024 15.0% (1.08)
FY2023 16.1% 1.02
FY2022 15.0% 11.18
FY2021 3.85% (8.33)
FY2020 12.2% (0.54)
FY2019 12.7% (0.63)
FY2018 13.4% (0.14)
FY2017 13.5% 0.59

Quarterly newest first

Period Operating margin Change (points)
Jul 2026 12.5% (1.66)
Apr 2026 14.2% 1.94
Jan 2026 12.2% 1.40
Oct 2025 10.8% (1.54)
43 more quarters

Against its own ten years

Low 3.85% High 16.1%
Ten-year median 13.1%
Current reading's percentile 23

Operating margin against peers

Company Operating margin
WSM Williams-Sonoma, Inc. compare 19.2%
FIVE Five Below, Inc. compare 14.8%
GME GameStop Corp. compare 13.5%
ULTA Ulta Beauty Inc. 12.5%
TSCO Tractor Supply Company compare 8.19%
CASY Casey's General Stores, Inc. compare 5.88%
DKS DICK'S Sporting Goods, Inc. compare 5.53%
MUSA Murphy USA Inc. compare 4.21%
BBY Best Buy Co., Inc. compare 4.05%
Specialty Retail industry median 4.14%
Consumer Cyclical sector median 3.88%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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