# Ulta Beauty Inc. (ULTA)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $21.18B  
**Price:** $470.75 (-1.50%)

> Ulta Beauty Inc. is a specialty beauty retailer offering a comprehensive range of cosmetics, skincare, haircare, fragrance, and bath and body products. The company operates a single, integrated business model that combines retail stores, in-store salon services, and e-commerce to serve customers across the United States. Ulta Beauty’s assortment spans mass to prestige brands, as well as professional salon products, beauty tools, and brushes, catering to a wide spectrum of consumer preferences and price points. Its stores typically feature full-service salons providing hair, skin, and brow services, which complement product sales and create a one-stop beauty destination. Ulta Beauty also sells products through its digital platforms, integrating online and in-store experiences such as buy-online-pickup-in-store. Founded in 1990 and headquartered in Bolingbrook, Illinois, Ulta Beauty plays a significant role in the U.S. beauty market as a multibrand retailer that bridges the gap between drugstore and high-end beauty offerings.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $12.39B | $4.85B | $1.53B | $1.15B | — |
| 2025 | $11.30B | $4.39B | $1.56B | $1.20B | — |
| 2024 | $11.21B | $4.38B | $1.68B | $1.29B | — |
| 2023 | $10.21B | $4.04B | $1.64B | $1.24B | — |
| 2022 | $8.63B | $3.37B | $1.30B | $986M | — |
| 2021 | $6.15B | $1.95B | $237M | $176M | — |
| 2020 | $7.40B | $2.68B | $901M | $706M | — |
| 2019 | $6.72B | $2.41B | $854M | $659M | — |
| 2018 | $5.88B | $2.10B | $785M | $555M | — |
| 2017 | $4.85B | $1.75B | $655M | $410M | — |
| 2016 | $3.92B | $1.38B | $506M | $320M | — |
| 2015 | $3.24B | $1.14B | $410M | $257M | — |
| 2014 | $2.67B | $941M | $328M | $203M | — |
| 2013 | $2.22B | $784M | $280M | $173M | — |
| 2012 | $1.78B | $617M | $196M | $120M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $7.00B | $4.20B | $2.80B | $424M | — |
| 2025 | $6.00B | $3.51B | $2.49B | $703M | — |
| 2024 | $5.71B | $3.43B | $2.28B | $767M | — |
| 2023 | $5.37B | $3.41B | $1.96B | $738M | — |
| 2022 | $4.76B | $3.23B | $1.54B | $432M | — |
| 2021 | $5.09B | $3.09B | $2.00B | $1.05B | — |
| 2020 | $4.86B | $2.96B | $1.90B | $392M | — |
| 2019 | $3.19B | $1.37B | $1.82B | $409M | — |
| 2018 | $2.91B | $1.13B | $1.77B | $277M | — |
| 2017 | $2.55B | $1.00B | $1.55B | $385M | — |
| 2016 | $2.23B | $788M | $1.44B | $346M | — |
| 2015 | $1.98B | $736M | $1.25B | $389M | — |
| 2014 | $1.60B | $600M | $1.00B | $419M | — |
| 2013 | $1.28B | $488M | $787M | $320M | — |
| 2012 | $957M | $373M | $585M | $254M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $1.50B | $435M | $1.07B |
| 2025 | $1.34B | $374M | $964M |
| 2024 | $1.48B | $435M | $1.04B |
| 2023 | $1.48B | $312M | $1.17B |
| 2022 | $1.06B | $172M | $887M |
| 2021 | $810M | $152M | $658M |
| 2020 | $1.10B | $299M | $803M |
| 2019 | $956M | $319M | $637M |
| 2018 | $779M | $441M | $339M |
| 2017 | $634M | $373M | $261M |
| 2016 | $376M | $299M | $77M |
| 2013 | $239M | $189M | $50M |
| 2012 | $221M | $129M | $92M |
| 2011 | $177M | $97M | $79M |
| 2010 | $173M | $68M | $105M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ULTA)