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UL

Ulta Beauty, Inc.

ULTAConsumer CyclicalNASDAQ

Specialty Retail

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Financials · Annual
Revenue
$12.39B
+9.7% YoY
Net Income
$1.15B
-4.0% YoY
EBITDA
$1.85B
+0.2% YoY
Free Cash Flow
$900.1M

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About Ulta Beauty, Inc.

Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. At a $21.64B market cap, Ulta Beauty, Inc. ranks as a large-cap company within consumer cyclical. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.

Key stats
Market Cap$21.64B
P/E (TTM)18.56
Fwd P/E15.62
EPS$26.67
Beta0.89
52W Change+6.3%
ROE43.6%
Analysis

On the balance sheet, ULTA has $494.2M in cash with $2.18B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $900.1M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 43.6%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 14.7% further supports the picture of efficient asset utilization. Revenue has grown from $10.21B (2023) to $12.39B (2026), reflecting a 21% increase over the period.

As with any equity investment, ULTA carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. No single metric tells the full story. Reviewing ULTA's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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