Zacks Investment Research·5 days ago
Why Is Ulta (ULTA) Down 3.5% Since Last Earnings Report?Ulta (ULTA) reported earnings 30 days ago. What's next for the stock?
Ulta Beauty, Inc.(ULTA)Earnings, Financials & Key Ratios
ULTA•NASDAQ
$453.78
17.7× P/E·Price updated Jul 7, 2026
AboutUlta Beauty, Inc. operates as a retailer of beauty products in the United States. The company's stores offer cosmetics, fragrances, skincare and haircare products, bath and body products, and salon styling tools; professional hair products; salon services, including hair, skin, makeup, and brow services; and nail services. It also provides its private label products, such as the Ulta Beauty Collection branded cosmetics, skincare, and bath products, as well as Ulta Beauty branded products; and the Ulta Beauty branded gifts. As of March 10, 2022, the company operated 1,308 retail stores across 50 states. It also distributes its products through its website ulta.com; and mobile applications. The company was formerly known as Ulta Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc. was incorporated in 1990 and is based in Bolingbrook, Illinois.Show more
- Revenue$12.39B+9.7%
- EBITDA$1.85B+0.2%
- Net Income$1.15B-4.0%
- EPS (Diluted)25.64+1.2%
- Gross Margin39.1%+0.7%
- EBITDA Margin14.92%-8.7%
- Operating Margin12.5%-10.6%
- Net Margin9.31%-12.5%
- ROE43.59%-13.5%
ULTA Price & Volume
Ulta Beauty, Inc. (ULTA) stock price & volume — 10-year historical chart
Loading chart...
Volatile Growth Challenges Ulta Beauty Premium Valuation
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Competitive Margin Compression
Key Thesis Takeaways
- Ulta Beauty faces a complex transition as it attempts to balance double-digit revenue growth of 11.1% in 2026Q1 against intensifying competitive pressures and margin compression.
- While the company maintains a resilient 40.1% gross margin, the reliance on aggressive share repurchases—evidenced by $557.1 million in 2026Q1 buybacks—may be masking underlying volatility in cash conversion and earnings quality.
- Investors should monitor the sustainability of these capital returns as the current ratio tightens to 1.31 and operating leverage faces headwinds from rising SG&A expenses.
Verdict Logic
while the forward P/E of 16.97 appears attractive, the significant volatility in free cash flow margins, which ranged from -6.8% to 28.0% over the last ten quarters, warrants a cautious approach.
ULTA Growth Metrics
Ulta Beauty, Inc. (ULTA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years12.19%
5 Years15.04%
3 Years6.68%
TTM11.3%
Profit CAGR
10 Years13.68%
5 Years45.67%
3 Years-2.45%
TTM-0.35%
EPS CAGR
10 Years17.81%
5 Years52.49%
3 Years2.21%
TTM4.22%
Return on Capital
10 Years34.9%
5 Years40%
3 Years38.73%
Last Year34.43%
ULTA Recent Earnings
Ulta Beauty, Inc. (ULTA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 10/12 qtrs (83%)
Q3 2026Latest
Jun 2, 2026Metric
Actual
Est
EPS
$7.74+12.3%
$6.89
Rev
$3.2B+1.4%
$3.1B
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$8.01-1.1%
$8.10
Rev
$3.9B+1.6%
$3.8B
Q4 2025
Dec 4, 2025Metric
Actual
Est
EPS
$5.14+11.5%
$4.61
Rev
$2.9B+5.3%
$2.7B
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$5.78+13.3%
$5.10
Rev
$2.8B+4.1%
$2.7B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 2, 2026 | $7.74vs $6.89+12.3% | $3.2Bvs $3.1B+1.4% |
| Q2 2026 | Mar 12, 2026 | $8.01vs $8.10-1.1% | $3.9Bvs $3.8B+1.6% |
| Q4 2025 | Dec 4, 2025 | $5.14vs $4.61+11.5% | $2.9Bvs $2.7B+5.3% |
| Q3 2025 | Aug 28, 2025 | $5.78vs $5.10+13.3% | $2.8Bvs $2.7B+4.1% |
Based on last 12 quarters of dataView full earnings history →
Latest ULTA News
Recent stock market news and headlines for Ulta Beauty, Inc. (ULTA)
Zacks Investment Research·Jun 30, 2026
How Does Ulta Beauty's Loyalty Program Drive Personalized Shopping?ULTA is using AI and loyalty data to personalize shopping, deepen customer engagement and strengthen its digital experience.
Business Insider·Jun 30, 2026
Over 95% of Ulta Beauty's sales come from its loyalty members, says CMO Kelly Mahoney"Over 95% of all of our sales are coming from our members," she said. "The trick is how do we leverage that information to power the experiences that become very meaningful to our customers, in a way that resonates with their lives.
Zacks Investment Research·Jun 29, 2026
ELF Beauty Taps Skincare and Global Expansion as Growth Shifts HigherELF's growth profile is shifting as skincare, Rhode and international expansion gain scale, but softer core demand and cost pressures cloud visibility.
Seeking Alpha·Jun 28, 2026
Bath & Body Works: Ulta Beauty Partnership Adds To An Already Compelling Value StoryBath & Body Works remains a Strong Buy, with valuation deeply discounted relative to robust fundamentals and significant growth potential. BBWI's Q1 beat, resilient free cash flow guidance ($600M for 2026), and cost savings initiatives highlight operational strength amid macro headwinds. Expansion into Ulta Beauty stores and Amazon, alongside international growth, positions BBWI for long-term upside despite near-term consumer pressure.
Peers Comparison
Key metrics vs top competitors for Ulta Beauty, Inc. (ULTA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $453.78 | $19.51B | 17.70 | 9.71% | 9.31% | 43.59% | — | |
| $20.62 | $4.16B | 6.72 | -0.22% | 10.03% | — | — | |
| $75.34 | $4.48B | 171.23 | 24.59% | 3.34% | 5.16% | — | |
| $2.23 | $1.96B | -5.07 | -3.68% | -9.26% | -14.13% | — | |
| $14.35 | $1.37B | 7.59 | -0.42% | 4.93% | 22.86% | — | |
| $1.11 | $143.86M | -6.94 | -10.02% | -2.03% | -9.41% | — |
Compare ULTA vs Peers
Ulta Beauty, Inc. (ULTA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ULTA SEC Filings & Documents
Ulta Beauty, Inc. (ULTA) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 9, 2026·SEC
Material company update
Jun 2, 2026·SEC
Material company update
Mar 12, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
6Get notified when ULTA posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
ULTA Frequently Asked Questions
Ulta Beauty, Inc. (ULTA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ulta Beauty, Inc.'s revenue?
Ulta Beauty, Inc. (ULTA) reported $12.71B in revenue for fiscal year 2025. This represents a 3408% increase from $362.2M in 2002.
How fast is Ulta Beauty, Inc. growing?
Ulta Beauty, Inc. (ULTA) grew revenue by 9.7% over the past year. This is steady growth.
Is ULTA profitable?
Yes, Ulta Beauty, Inc. (ULTA) is profitable, generating $1.19B in net income for fiscal year 2025 (9.3% net margin).
Dividend & Returns
What is ULTA's return on equity?
Ulta Beauty, Inc. (ULTA) has a return on equity (ROE) of 43.6%. This is excellent, indicating efficient use of shareholder capital.
What is Ulta Beauty, Inc.'s free cash flow?
Ulta Beauty, Inc. (ULTA) generated $1.05B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.