ULTA - Ulta Beauty, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$727.36
DETAILS
HIGH:
$810.00
LOW:
$650.00
MEDIAN:
$720.00
CONSENSUS:
$727.36
UPSIDE:
41.22%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||
| Revenue | 12,392.8 | 11,295.7 | 11,207.3 | 10,208.6 | 8,630.9 | 6,152.0 | 7,398.1 | 6,716.6 | 5,884.5 | 4,854.7 | 3,924.1 | 3,241.4 | 2,670.6 | 2,220.3 | 1,776.2 | 1,454.8 | 1,222.8 | 1,084.6 | 912.1 | 755.1 | 579.1 | 491.2 | 423.9 | 362.2 |
| Cost of Revenue | 7,547.6 | 6,908.4 | 6,826.2 | 6,164.1 | 5,262.3 | 4,202.8 | 4,717.0 | 4,307.3 | 3,787.7 | 3,107.5 | 2,539.8 | 2,104.6 | 1,729.3 | 1,436.6 | 1,159.3 | 970.8 | 849.7 | 756.7 | 628.5 | 519.9 | 404.8 | 0 | 312.2 | 259.8 |
| Gross Profit | 4,845.2 | 4,387.3 | 4,381.1 | 4,044.5 | 3,368.6 | 1,949.2 | 2,681.1 | 2,409.3 | 2,096.8 | 1,747.2 | 1,384.3 | 1,136.8 | 941.2 | 783.7 | 616.8 | 484.1 | 373.0 | 327.9 | 283.6 | 235.2 | 174.3 | 491.2 | 111.7 | 102.4 |
| Operating Expenses | ||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 3,296.4 | 2,808.6 | 2,694.6 | 2,395.3 | 2,118.0 | 1,635.4 | 1,760.7 | 1,535.5 | 1,287.2 | 1,073.8 | 863.4 | 712.0 | 596.4 | 488.9 | 410.7 | 358.1 | 298.9 | 267.3 | 225.2 | 188 | 140.1 | 122.0 | 98.4 | 86.4 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (10.0) | (7.1) | (6.0) | (14.3) | (11.8) | (7.1) | (4.7) | (4.1) | 2.3 | 2.8 |
| Operating Expenses | 3,296.4 | 2,808.6 | 2,694.6 | 2,395.3 | 2,118.0 | 1,635.4 | 1,760.7 | 1,535.5 | 1,287.2 | 1,073.8 | 863.4 | 712.0 | 596.4 | 488.9 | 420.6 | 365.2 | 304.9 | 281.6 | 236.9 | 195.1 | 144.9 | 126.1 | 100.8 | 89.1 |
| Operating Income | ||||||||||||||||||||||||
| Operating Income | 1,548.8 | 1,578.7 | 1,686.5 | 1,649.2 | 1,250.6 | 313.7 | 920.3 | 873.8 | 809.6 | 673.4 | 521.0 | 424.8 | 344.9 | 294.8 | 196.2 | 118.9 | 68.2 | 46.3 | 46.7 | 40.1 | 29.4 | 18.5 | 10.9 | 13.2 |
| Interest Expense | 1.8 | 0 | 0 | 0 | 1.7 | 5.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.6 | 0.8 | 2.2 | 3.9 | 4.5 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 15.1 | 17.6 | 4.9 | 0 | 0 | 5.1 | 5.1 | 1.6 | 0.9 | 1.1 | 0.9 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||
| EBITDA | 1,849.6 | 1,847.1 | 1,939.5 | 1,884.9 | 1,566.0 | 534.6 | 1,201.7 | 1,138.6 | 1,039.6 | 866.0 | 672.5 | 543.1 | 434.0 | 368.2 | 272.1 | 183.8 | 130.3 | 97.7 | 86.2 | 69.8 | 51.7 | 36.8 | 26.3 | 25.8 |
| EBIT | 1,548.8 | 1,580.1 | 1,695.7 | 1,643.5 | 1,297.5 | 236.8 | 906.1 | 859.1 | 786.9 | 655.7 | 507.4 | 411.3 | 327.7 | 280.0 | 196.2 | 118.9 | 68.2 | 46.3 | 46.7 | 40.1 | 29.4 | 18.5 | 10.9 | 13.2 |
| Income Before Tax | 1,531.2 | 1,580.1 | 1,695.7 | 1,643.5 | 1,295.8 | 231.1 | 906.1 | 859.1 | 786.9 | 655.7 | 507.4 | 411.3 | 327.7 | 279.8 | 195.6 | 118.1 | 66.0 | 42.4 | 42.2 | 36.8 | 26.5 | 15.7 | 8.1 | 10.9 |
| Income Tax Expense | 373.9 | 378.9 | 404.6 | 401.1 | 310.0 | 55.2 | 200.2 | 200.6 | 231.6 | 246.0 | 187.4 | 154.2 | 124.9 | 107.2 | 75.3 | 47.1 | 26.6 | 17.1 | 16.8 | 14.2 | 10.5 | 481.7 | 3.0 | 1.2 |
| Net Income | 1,153.5 | 1,201.1 | 1,291.0 | 1,242.4 | 985.8 | 175.8 | 705.9 | 658.6 | 555.2 | 409.8 | 320.0 | 257.1 | 202.8 | 172.5 | 120.3 | 71.0 | 39.4 | 25.3 | 25.3 | 22.5 | 16.0 | 9.5 | 5.1 | 9.7 |
| Per Share Data | ||||||||||||||||||||||||
| EPS (Basic) | 25.72 | 25.44 | 26.18 | 24.17 | 18.09 | 3.12 | 12.21 | 11.00 | 9.02 | 6.55 | 5.00 | 4.00 | 3.17 | 2.73 | 1.96 | 1.20 | 0.68 | 0.44 | 0.69 | 1.38 | 0.74 | -0.70 | -2.36 | 0.05 |
| EPS (Diluted) | 25.64 | 25.34 | 26.03 | 24.01 | 17.98 | 3.11 | 12.15 | 10.94 | 8.96 | 6.52 | 4.98 | 3.98 | 3.15 | 2.68 | 1.90 | 1.16 | 0.66 | 0.43 | 0.48 | 0.45 | 0.33 | -0.70 | -2.36 | 0.02 |
| Shares Outstanding | 44.8 | 47.2 | 49.3 | 51.4 | 54.5 | 56.4 | 57.8 | 59.9 | 61.6 | 62.5 | 63.9 | 64.3 | 64.0 | 63.2 | 61.3 | 59.0 | 57.9 | 57.4 | 20.4 | 5.8 | 4.1 | 3.2 | 2.3 | 1.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||
| Cash & Cash Equivalents | 424.2 | 703.2 | 766.6 | 737.9 | 431.6 | 1,046.1 | 392.3 | 409.3 | 277.4 | 385.0 | 4.0 | 3.6 | 3.2 | 2.6 |
| Short-Term Investments | 70 | 0 | 0 | 0 | 0 | 0 | 110 | 0 | 120 | 30 | 0 | 0 | 0 | 0 |
| Net Receivables | 296.2 | 223.3 | 207.9 | 199.4 | 233.7 | 193.1 | 139.3 | 136.2 | 99.7 | 88.6 | 13.5 | 18.3 | 0 | 0 |
| Inventory | 2,181.1 | 1,968.2 | 1,742.1 | 1,603.5 | 1,499.2 | 1,168.2 | 1,293.7 | 1,214.3 | 1,096.4 | 944.0 | 206.9 | 213.6 | 0 | 0 |
| Other Current Assets | 172.6 | 63.7 | 50.2 | 69.5 | 62.2 | 107.4 | 103.6 | 138.1 | 98.7 | 88.6 | 8.1 | 8.3 | (3.2) | (2.6) |
| Total Current Assets | 3,144.1 | 3,028.8 | 2,836.5 | 2,709.3 | 2,281.2 | 2,514.8 | 2,055.3 | 1,914.9 | 1,693.7 | 1,536.2 | 262.8 | 276.7 | 3.2 | 2.6 |
| Non-Current Assets | ||||||||||||||
| Property, Plant & Equipment | 3,247.1 | 2,849.2 | 2,756.9 | 2,570.5 | 2,396.7 | 2,500.4 | 2,743.1 | 1,226.0 | 1,189.5 | 1,004.4 | 290.9 | 292.2 | 99.6 | 85.2 |
| Goodwill | 226.4 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 203.3 | 0.2 | 0.5 | 1.3 | 1.5 | 2.5 | 3.4 | 4.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 178.3 | 112.6 | 102.2 | 78.4 | 74.1 | 61.4 | 51.2 | 35.1 | 25.5 | 11.3 | 0 | 0 | (99.6) | (85.2) |
| Total Non-Current Assets | 3,855.1 | 2,972.9 | 2,870.5 | 2,661.1 | 2,483.2 | 2,575.2 | 2,808.6 | 1,276.3 | 1,214.9 | 1,015.6 | 290.9 | 292.2 | 99.6 | 85.2 |
| Total Assets | 6,999.3 | 6,001.7 | 5,707.0 | 5,370.4 | 4,764.4 | 5,090.0 | 4,863.9 | 3,191.2 | 2,908.7 | 2,551.9 | 553.6 | 568.9 | 206.4 | 195.1 |
| Current Liabilities | ||||||||||||||
| Account Payables | 685.9 | 563.8 | 544.0 | 559.5 | 552.7 | 477.1 | 414.0 | 404.0 | 325.8 | 259.5 | 56.4 | 47.8 | 0 | 0 |
| Short-Term Debt | 369.0 | 288.1 | 283.8 | 283.3 | 274.1 | 253.4 | 239.6 | 0 | 0 | 0 | 0 | 18 | 0 | 0 |
| Deferred Revenue | 582.4 | 500.6 | 436.6 | 394.7 | 353.6 | 274.4 | 237.5 | 199.1 | 63.1 | 46.3 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 587.1 | 231.7 | 231.6 | 260.4 | 206.8 | 152.3 | 168.7 | 124.6 | 156.6 | 130.0 | 31.2 | 36.1 | 0 | 0 |
| Total Current Liabilities | 2,224.3 | 1,779.5 | 1,658.2 | 1,681.8 | 1,558.0 | 1,343.7 | 1,137.3 | 823.7 | 642.2 | 529.3 | 126.4 | 117.0 | 0 | 0 |
| Non-Current Liabilities | ||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88.0 | 0 | 0 |
| Deferred Tax Liabilities | 98.8 | 42.6 | 85.9 | 55.3 | 39.7 | 65.4 | 89.4 | 83.9 | 59.4 | 86.5 | 21.0 | 17.6 | 0 | 0 |
| Other Non-Current Liabilities | 59.6 | 56.1 | 56.3 | 53.6 | 58.7 | 38.0 | 36.4 | 463.4 | 492.3 | 385.8 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 1,971.5 | 1,733.9 | 1,769.5 | 1,728.8 | 1,671.0 | 1,746.7 | 1,824.5 | 547.2 | 492.3 | 472.3 | 134.7 | 207.0 | 0 | 0 |
| Total Liabilities | 4,195.8 | 3,513.3 | 3,427.7 | 3,410.6 | 3,229.0 | 3,090.4 | 2,961.8 | 1,371.0 | 1,134.5 | 1,001.7 | 261.0 | 324.0 | 113.6 | 107.7 |
| Stockholders' Equity | ||||||||||||||
| Common Stock | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0 | 0 |
| Retained Earnings | 1,736.9 | 1,473.9 | 1,286.8 | 995.8 | 653.4 | 1,189.4 | 1,128.5 | 1,105.9 | 1,093.5 | 905.8 | (4.5) | (43.9) | 0 | 0 |
| Accumulated Other Comprehensive Income | 3.8 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | (0.6) | 0 | 0 |
| Total Stockholders' Equity | 2,803.5 | 2,488.4 | 2,279.3 | 1,959.8 | 1,535.4 | 1,999.5 | 1,902.1 | 1,820.2 | 1,774.2 | 1,550.2 | 292.6 | 245.0 | 92.8 | 87.4 |
| Total Liabilities & Equity | 6,999.3 | 6,001.7 | 5,707.0 | 5,370.4 | 4,764.4 | 5,090.0 | 4,863.9 | 3,191.2 | 2,908.7 | 2,551.9 | 553.6 | 568.9 | 206.4 | 195.1 |
| Debt Metrics | ||||||||||||||
| Total Debt | 2,182.1 | 1,923.2 | 1,911.1 | 1,903.2 | 1,846.8 | 1,896.8 | 1,938.3 | 0 | 0 | 0 | 0 | 106.0 | 0 | 0 |
| Net Debt | 1,757.8 | 1,220.0 | 1,144.5 | 1,165.3 | 1,415.2 | 850.8 | 1,546.0 | (409.3) | (277.4) | (385.0) | (4.0) | 102.4 | (3.2) | (2.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Net Income | 1,153.5 | 1,201.1 | 1,291.0 | 1,242.4 | 985.8 | 175.8 | 705.9 | 658.6 | 555.2 | 409.8 | 16.0 | 0 | 0 |
| Depreciation & Amortization | 300.8 | 267.0 | 243.8 | 241.4 | 268.5 | 297.8 | 295.6 | 279.5 | 252.7 | 210.3 | 22.3 | 15.4 | 12.5 |
| Stock-Based Compensation | 37.4 | 42.8 | 48.2 | 43.0 | 47.3 | 27.6 | 25.0 | 26.6 | 24.4 | 19.3 | 0 | 0 | 0 |
| Change in Working Capital | (351.8) | (451.2) | (481.6) | (369.2) | (498.2) | (14.3) | (215.5) | (45.5) | (33.4) | (32.1) | 0.9 | 0 | 0 |
| Other Non-Cash Items | 366.1 | 322.2 | 344.2 | 308.6 | 281.6 | 347.4 | 284.7 | 2.9 | 7.5 | 0.1 | 1.5 | (15.4) | (12.5) |
| Operating Cash Flow | 1,502.8 | 1,338.6 | 1,476.3 | 1,481.9 | 1,059.3 | 810.4 | 1,101.3 | 956.1 | 779.4 | 634.4 | 37.6 | 0 | 0 |
| Investing Activities | |||||||||||||
| Capital Expenditure | (434.8) | (374.5) | (435.3) | (312.1) | (172.2) | (151.9) | (298.5) | (319.4) | (440.7) | (373.4) | (41.6) | (30.4) | (27.4) |
| Acquisitions | (386.8) | 0 | 0 | 0 | 0 | (1.2) | 0 | (15.7) | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (70) | 0 | 0 | (2.5) | (4.3) | (5.7) | (172.9) | (386.2) | (330) | (90) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 110 | 0 | 506.2 | 240 | 190 | 0 | 0 | 0 |
| Other Investing Activities | (39.7) | (8.6) | (6.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.4 | 27.4 |
| Investing Cash Flow | (931.3) | (383.1) | (441.4) | (314.6) | (176.5) | (48.8) | (471.5) | (215.1) | (530.7) | (273.4) | (41.6) | 0 | 0 |
| Financing Activities | |||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (1.9) | 0 | 0 | 0 | 0 | 3.0 | 0 | 0 |
| Stock Repurchased | (901.4) | (1,027.1) | (1,018.3) | (907.0) | (1,537.6) | (118.2) | (690.5) | (622.3) | (371.8) | (347.1) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 50.7 | 8.2 | 12.2 | 46.0 | 40.4 | 12.2 | 43.8 | 13.1 | 15.6 | 25.3 | 0.2 | 0 | 0 |
| Financing Cash Flow | (850.7) | (1,018.9) | (1,006.1) | (861.0) | (1,497.2) | (107.9) | (646.7) | (609.2) | (356.2) | (321.8) | 3.8 | 0 | 0 |
| Cash Position | |||||||||||||
| Net Change in Cash | (279.0) | (63.4) | 28.7 | 306.3 | (614.5) | 653.7 | (16.9) | 131.8 | (107.6) | 39.2 | (0.2) | 0 | 0 |
| Cash at Beginning | 703.2 | 766.6 | 737.9 | 431.6 | 1,046.1 | 392.3 | 409.3 | 277.4 | 385.0 | 345.8 | 3.0 | 0 | 0 |
| Cash at End | 424.2 | 703.2 | 766.6 | 737.9 | 431.6 | 1,046.1 | 392.3 | 409.3 | 277.4 | 385.0 | 2.8 | 0 | 0 |
| Free Cash Flow | 1,068.0 | 964.1 | 1,041.0 | 1,169.8 | 887.1 | 658.5 | 802.8 | 636.7 | 338.7 | 260.9 | (4.0) | 0 | 0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||
| Revenue | 12,392.8 | 11,295.7 | 11,207.3 | 10,208.6 | 8,630.9 | 6,152.0 | 7,398.1 | 6,716.6 | 5,884.5 | 4,854.7 | 3,924.1 | 3,241.4 | 2,670.6 | 2,220.3 | 1,776.2 | 1,454.8 | 1,222.8 | 1,084.6 | 912.1 | 755.1 | 579.1 | 491.2 | 423.9 | 362.2 |
| Gross Profit | 4,845.2 | 4,387.3 | 4,381.1 | 4,044.5 | 3,368.6 | 1,949.2 | 2,681.1 | 2,409.3 | 2,096.8 | 1,747.2 | 1,384.3 | 1,136.8 | 941.2 | 783.7 | 616.8 | 484.1 | 373.0 | 327.9 | 283.6 | 235.2 | 174.3 | 491.2 | 111.7 | 102.4 |
| Operating Income | 1,548.8 | 1,578.7 | 1,686.5 | 1,649.2 | 1,250.6 | 313.7 | 920.3 | 873.8 | 809.6 | 673.4 | 521.0 | 424.8 | 344.9 | 294.8 | 196.2 | 118.9 | 68.2 | 46.3 | 46.7 | 40.1 | 29.4 | 18.5 | 10.9 | 13.2 |
| Net Income | 1,153.5 | 1,201.1 | 1,291.0 | 1,242.4 | 985.8 | 175.8 | 705.9 | 658.6 | 555.2 | 409.8 | 320.0 | 257.1 | 202.8 | 172.5 | 120.3 | 71.0 | 39.4 | 25.3 | 25.3 | 22.5 | 16.0 | 9.5 | 5.1 | 9.7 |
| EPS (Diluted) | 25.64 | 25.34 | 26.03 | 24.01 | 17.98 | 3.11 | 12.15 | 10.94 | 8.96 | 6.52 | 4.98 | 3.98 | 3.15 | 2.68 | 1.90 | 1.16 | 0.66 | 0.43 | 0.48 | 0.45 | 0.33 | -0.70 | -2.36 | 0.02 |
| Balance Sheet | ||||||||||||||||||||||||
| Cash & Equivalents | 424.2 | 703.2 | 766.6 | 737.9 | 431.6 | 1,046.1 | 392.3 | 409.3 | 277.4 | 385.0 | 4.0 | 3.6 | 3.2 | 2.6 | ||||||||||
| Total Assets | 6,999.3 | 6,001.7 | 5,707.0 | 5,370.4 | 4,764.4 | 5,090.0 | 4,863.9 | 3,191.2 | 2,908.7 | 2,551.9 | 553.6 | 568.9 | 206.4 | 195.1 | ||||||||||
| Total Debt | 2,182.1 | 1,923.2 | 1,911.1 | 1,903.2 | 1,846.8 | 1,896.8 | 1,938.3 | 0 | 0 | 0 | 0 | 106.0 | 0 | 0 | ||||||||||
| Stockholders' Equity | 2,803.5 | 2,488.4 | 2,279.3 | 1,959.8 | 1,535.4 | 1,999.5 | 1,902.1 | 1,820.2 | 1,774.2 | 1,550.2 | 292.6 | 245.0 | 92.8 | 87.4 | ||||||||||
| Cash Flow | ||||||||||||||||||||||||
| Operating Cash Flow | 1,502.8 | 1,338.6 | 1,476.3 | 1,481.9 | 1,059.3 | 810.4 | 1,101.3 | 956.1 | 779.4 | 634.4 | 37.6 | 0 | 0 | |||||||||||
| Capital Expenditure | (434.8) | (374.5) | (435.3) | (312.1) | (172.2) | (151.9) | (298.5) | (319.4) | (440.7) | (373.4) | (41.6) | (30.4) | (27.4) | |||||||||||
| Free Cash Flow | 1,068.0 | 964.1 | 1,041.0 | 1,169.8 | 887.1 | 658.5 | 802.8 | 636.7 | 338.7 | 260.9 | (4.0) | 0 | 0 | |||||||||||