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

Ulta Beauty Inc.

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%

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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

Insider Decisions trades per month

Total sells 1.84

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	1	—	1	—	—	2	—

Insider Ownership 0.73%

Capital & Financial Ratios $m

Market Cap 26,050.00

Revenue 12,955.52

Net Income 1,210.03

Free Cash Flow 1,149.45

Net Debt 126.13

Current Ratio 1.35

Debt/Equity 0.13

P/E ratio 21.51

Fwd P/E 16.20

P/S ratio 1.97

P/B ratio 9.63

Past 5Y EPS Growth 52.49%

This Y EPS Growth 13.19%

Next Y EPS Growth 10.89%

Next Y revenue growth 7.13%

Next 5Y EPS Growth 11.48%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 42.54%

10-year low 10-year high

P/S against its own 10 years 26.76%

10-year low 10-year high

P/B against its own 10 years 54.22%

10-year low 10-year high

EV/Sales against its own 10 years 26.39%

10-year low 10-year high

EV/FCF against its own 10 years 34.65%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2026	Powerpack
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	767	703	494	213
Receivables	208	223	296	249
Inventory	1,742	1,968	2,181	2,407
Other	—	—	—	—
	2,837	3,029	3,144	3,069

	2024	2025	2026	Q'26
Payables	544	564	686	646
ST’ Debt	—	—	62	340
Other	—	—	—	—
	1,658	1,779	2,224	2,281

Compound Annual Growth %

	10y	5y	3y
Sales	12.19%	15.04%	6.68%
Cash Flow	14.86%	13.15%	0.47%
Earnings	13.68%	45.67%	(2.45%)
Book Value	6.87%	6.99%	12.67%

Revenue $m

	Apr	Jul	Oct	Jan	Year
’26	3,164	3,036	—	—	—
’26	2,848	2,788	2,858	3,898	12,393
’25	2,726	2,552	2,530	3,488	11,296
’24	2,634	2,530	2,489	3,554	11,207
’23	2,346	2,297	2,339	3,227	10,209
’22	1,939	1,967	1,996	2,729	8,631
’21	1,173	1,228	1,552	2,199	6,152

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	262	120	—	—	—
’26	220	97	6	1,181	1,503
’25	159	200	(57)	1,037	1,339
’24	305	124	(71)	1,118	1,476
’23	426	114	33	908	1,482
’22	330	71	13	644	1,059
’21	(24)	40	243	551	810

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Apr	Jul	Oct	Jan	Year
’26	204	38	—	—	—
’26	141	20	(82)	989	1,068
’25	68	104	(171)	963	964
’24	195	29	(177)	994	1,041
’23	355	65	(51)	800	1,170
’22	296	49	(38)	581	887
’21	(66)	5	203	516	658

Fiscal quarters ending in the months shown.

EPS $

	Apr	Jul	Oct	Jan	Year
’26	7.74	6.55	—	—	—
’26	6.70	5.78	5.14	8.01	25.64
’25	6.47	5.30	5.14	8.46	25.34
’24	6.88	6.02	5.07	8.08	26.03
’23	6.30	5.70	5.34	6.68	24.01
’22	4.10	4.56	3.94	5.41	17.98
’21	(1.39)	0.14	1.32	3.03	3.11

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	187.96	191.70	222.00	124.05	276.00	330.80	368.02	318.17	309.01	443.60	Analyst estimates 2027–2029 Powerpack
	High	314.86	322.49	368.83	304.65	417.85	483.80	556.60	574.76	616.34	714.97
People
People	Employees	31,800	34,700	44,000	44,000	37,000	40,500	53,000	56,000	58,000	65,000
	Revenue/emp, $m	0.15	0.17	0.15	0.17	0.17	0.21	0.19	0.20	0.19	0.19
Income, $m
Income, $m	Revenue	4,855	5,885	6,717	7,398	6,152	8,631	10,209	11,207	11,296	12,393
	Gross margin, %	35.99	35.63	35.87	36.24	31.68	39.03	39.62	39.09	38.84	39.10
	EBT	656	787	859	906	231	1,296	1,644	1,696	1,580	1,531
	EBT margin, %	13.51	13.37	12.79	12.25	3.76	15.01	16.10	15.13	13.99	12.36
	Net income	410	555	659	706	176	986	1,242	1,291	1,201	1,153
	Depreciation	210	253	279	296	298	268	241	244	267	301
Per share, $
Per share, $	Revenue	77.65	95.60	112.20	127.91	109.17	158.42	198.60	227.31	239.28	276.37
	Earnings	6.55	9.02	11.00	12.21	3.12	18.09	24.17	26.18	25.44	25.72
	Cash flow	10.15	12.66	15.97	19.04	14.38	19.44	28.83	29.94	28.36	33.51
	Capex	(5.97)	(7.16)	(5.34)	(5.16)	(2.69)	(3.16)	(6.07)	(8.83)	(7.93)	(9.70)
	Free cash flow	4.17	5.50	10.64	13.88	11.69	16.28	22.76	21.11	20.42	23.82
	Book value	24.80	28.82	30.41	32.89	35.48	28.18	38.13	46.23	52.71	62.52
	Shares, m	63	62	60	58	56	54	51	49	47	45
Valuation, ×
Valuation, ×	P/E	41.57	24.60	26.49	21.94	90.45	20.06	21.26	19.17	16.17	25.87
	P/S	3.51	2.32	2.60	2.09	2.59	2.30	2.59	2.21	1.72	2.41
	P/B	10.98	7.71	9.60	8.15	7.95	12.91	13.48	10.86	7.82	10.65
	EV/Sales	3.42	2.26	2.54	2.29	2.59	2.37	2.62	2.23	1.75	2.44
	EV/FCF	63.65	39.20	26.80	21.09	24.16	23.06	22.88	24.00	20.49	28.29
Cash, $m
Cash, $m	Operating cash flow	634	779	956	1,101	810	1,059	1,482	1,476	1,339	1,503
	Capex	(373)	(441)	(319)	(299)	(152)	(172)	(312)	(435)	(374)	(435)
	Free cash flow	261	339	637	803	658	887	1,170	1,041	964	1,068
Balance, $m
Balance, $m	Working capital	1,007	1,052	1,091	918	1,171	723	1,028	1,178	1,249	920
	Total debt	—	—	—	240	253	274	283	—	—	62
	Net debt	(415)	(397)	(409)	(262)	(793)	(158)	(455)	(767)	(703)	(432)
	Shareholders’ equity	1,550	1,774	1,820	1,902	2,000	1,535	1,960	2,279	2,488	2,803
Returns, %
Returns, %	ROA	17.13	20.34	21.59	17.53	3.53	20.01	24.52	23.31	20.52	17.74
	ROIC	36.05	35.65	37.83	34.35	12.27	58.86	68.05	69.33	54.79	40.40
	ROE	27.27	33.40	36.64	37.93	9.01	55.78	71.09	60.91	50.39	43.59

Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
WSM Williams-Sonoma, Inc.	$29.7B	25.3×	21.9×	+6.70% (above 0%: growing)	+41.38% (above 0%: growing)	+108.42% (above 0%: growing)	51.64%	22.90%	Compare
ULTA Ulta Beauty Inc.	$26.1B	21.5×	16.2×	+8.87% (above 0%: growing)	+13.28% (above 0%: growing)	+96.46% (above 0%: growing)	39.10%	12.51%
CASY Casey's General Stores, Inc.	$24.9B	33.0×	37.3×	+24.33% (above 0%: growing)	+27.59% (above 0%: growing)	−30.95% (below 0%: shrinking)	21.82%	6.50%	Compare
BBY Best Buy Co., Inc.	$19.8B	15.3×	11.4×	+3.61% (above 0%: growing)	+69.32% (above 0%: growing)	+28.40% (above 0%: growing)	23.91%	4.31%	Compare
TSCO Tractor Supply Company	$17.4B	17.3×	14.0×	+2.29% (above 0%: growing)	−14.81% (below 0%: shrinking)	−38.48% (below 0%: shrinking)	37.05%	10.29%	Compare
GME GameStop Corp.	$14.1B	13.4×	70.5×	−18.72% (below 0%: shrinking)	+76.32% (above 0%: growing)	+115.70% (above 0%: growing)	43.66%	20.27%	Compare
DKS DICK'S Sporting Goods, Inc.	$12.5B	15.2×	15.3×	+53.21% (above 0%: growing)	−26.35% (below 0%: shrinking)	−55.09% (below 0%: shrinking)	34.78%	7.89%	Compare
FIVE Five Below, Inc.	$12.3B	19.8×	21.2×	+22.85% (above 0%: growing)	+415.38% (above 0%: growing)	+194.67% (above 0%: growing)	48.55%	21.83%	Compare
MUSA Murphy USA Inc.	$10.0B	16.5×	17.2×	+35.99% (above 0%: growing)	+52.42% (above 0%: growing)	−10.68% (below 0%: shrinking)	10.97%	4.48%	Compare
Median of peers	$15.8B	16.9×	19.2×	+14.78%	+46.90%	+8.86%	35.91%	9.09%

All 49 Specialty Retail stocks →

Ulta Beauty Inc. (ULTA) key facts

Concern: Net income was $1.2 billion, or $25.72 per share (basic), a net margin of 9.31%.
Strength: Ulta Beauty Inc.’s revenue for fiscal 2026 (year ended January 2026) was $12.4 billion, up 9.71% from fiscal 2025.
Ulta Beauty Inc. (ULTA) is a Specialty Retail company in the Consumer Cyclical sector, listed on Nasdaq.
As of October 16, 2026, ULTA traded at $592.94, a market capitalization of $26.1 billion.
At that price the stock trades at 21.5× trailing-twelve-month earnings and 2.0× sales; its P/E is higher than 43% of its own readings over the past ten years.
Return on equity was 43.6% and debt-to-equity 0.13.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 7.15 (safe zone) for fiscal 2026.