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ULTA stock logo

ULTA

Ulta Beauty, Inc.

$530.48
-12.71
 (-2.34%)
Exchange:  NASDAQ
Market Cap:  22.805B
Shares Outstanding:  1.936M
Delayed data
Calculate ULTA Intrinsic Value
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Consumer Cyclical
Industry:  Specialty Retail
   
CEO:  Kecia L. Steelman
Full Time Employees:  65000
Address: 
1000 Remington Boulevard
Bolingbrook
IL
60440
US
Website:  https://www.ulta.com
Ulta Beauty, Inc. functions as a prominent beauty product retailer throughout the United States. Its physical locations feature a broad assortment of goods, including cosmetics, perfumes, skincare, haircare items, bath and body essentials, and professional salon styling instruments. Additionally, they provide a comprehensive suite of salon services, encompassing hair, skin, makeup, brow, and nail treatments. The company further offers its proprietary label products, such as the Ulta Beauty Collection for cosmetics, skincare, and bath items, alongside other Ulta Beauty branded merchandise and gift options. As of March 10, 2022, Ulta Beauty operated 1,308 retail stores across all 50 U.S. states. Its products are also available for purchase via its website, ulta.com, and through its mobile applications. Incorporated in 1990, the enterprise was initially known as Ulta Salon, Cosmetics & Fragrance, Inc., before officially changing its name to Ulta Beauty, Inc. in January 2017. Its corporate base is located in Bolingbrook, Illinois.

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Revenue Segmentation

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EPS

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Earnings Call

Full text

Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/06/02 — Q1 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue11,207,30311,295,65412,392,820
Gross Profit4,381,1004,387,2534,845,224
EBITDA1,939,4911,847,1081,833,764
Operating Income1,686,5391,578,6611,548,813
Net Income1,291,0051,201,1181,153,479

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets5,707,0116,001,6936,999,294
Total Liabilities3,427,6833,513,3404,195,843
Total Stockholders Equity2,279,3282,488,3532,803,451
Total Debt1,911,0921,923,2342,182,061
Cash and Cash Equivalents766,594703,201424,243

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow1,476,2661,338,6051,502,780
Capital Expenditure-435,267-374,458-434,829
Free Cash Flow1,040,999964,1471,067,951
Net Income1,291,0051,201,1181,153,479
Net Change in Cash28,717-63,393-278,958

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2031Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)16,260,471.203Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)16,614,293.669Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)16,427,400Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)2,766,315.229Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)2,826,509.332Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)2,794,714.017Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)1,937,914.482Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)1,992,902.484Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)1,963,857.193Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)4,016,649.919Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)4,104,050.890Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)4,057,884.550Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)43.650Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)44.300Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)43.070Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)9Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)4Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
11.296B  ?P/S
 (TTM)
: 
1.76
?Net Income
 (TTM)
: 
1.201B  ?P/E
 (TTM)
: 
19.47
?Enterprise Value
 (TTM)
: 
24.553B  ?EV/FCF
 (TTM)
: 
23.42
?Dividend Yield
 (TTM)
: 
0%  ?Payout Ratio
 (TTM)
: 
0%
?ROE
 (TTM)
: 
44.77%  ?ROIC
 (TTM)
: 
23.93%
?Net Debt
 (TTM)
: 
1.22B  ?Debt/Equity
 (TTM)
: 
0.89
?P/B
 (TTM)
: 
8.85  ?Current Ratio
 (TTM)
: 

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
N/AResearch AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

Based on current fundamentals and analyst forecasts, MARKETSnap estimates ULTA intrinsic value between $299.27 – $405.81 per share. This depends on revenue growth, margins, and discount rate.

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

[intrinsic_calculator]

Common questions about ULTA valuation

Is ULTA (ULTA) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for ULTA (ULTA) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is ULTA a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ULTA trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is ULTA’s P/E ratio?

You can see ULTA’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for ULTA?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is ULTA a good long-term investment?

Whether ULTA fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

ULTA

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Daily snapshot

-2.34
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See in Nexus

Relevant news

Is It Too Late to Buy Ulta Beauty Inc (ULTA) After 3.3% Rally? GF Value Says Undervalued
Ulta Beauty Appoints Brieane Olson to Its Board of Directors
3 Reasons Why Growth Investors Shouldn't Overlook Ulta (ULTA)
Will Ulta (ULTA) Beat Estimates Again in Its Next Earnings Report?
Investors Heavily Search Ulta Beauty Inc. (ULTA): Here is What You Need to Know
Ulta Beauty: The Reset Makes The Buy Case More Attractive

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