Fundamental analysis · SEC EDGAR · TTM through 02/05/2026

Fundamental analysis of Ulta Beauty, Inc.

ULTA · Nasdaq · Consumer

Fundamental quality

REASONABLE

68

out of 100

Breakdown by area

I.GrowthEPS growth: 3.3% · Revenue growth: 7%
45
II.ProfitabilityNet margin: 9.4% · ROE: 46.1%
75
III.Financial healthNet debt/EBITDA: 0.34x · FCF: 8.9%
83

Source: SEC EDGAR · TTM through 02/05/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Strong return on equity (ROE of 46.1%).
  • Low leverage (net debt of 0.34× EBITDA).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2022$8,631M$986M$887M-$432M
2023$10,209M$1,242M$1,170M-$738M
2024$11,207M$1,291M$1,041M-$767M
2025$11,296M$1,201M$964M-$703M
2026$12,393M$1,153M$1,068M-$424M

Between 2022 and 2026, revenue went from $8,631M to $12,393M (+44%) and net income went from $986M to $1,153M (+17%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Ulta Beauty, Inc. a profitable company?

Ulta Beauty, Inc. is profitable, with a net margin of 9.4%, though a thin one.

Does Ulta Beauty, Inc. have a lot of debt?

Not particularly. Its net debt is 0.34 times its EBITDA, a low level.

Is Ulta Beauty, Inc. growing?

Its revenue has grown 7% annualized in recent years and its earnings per share 3.3%.

Does Ulta Beauty, Inc. generate cash?

Yes. It converts about 8.9% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Ulta Beauty, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →
Advertising

Where to buy Ulta Beauty, Inc.?

Brokers you can use to invest in U.S. and European stocks.

Compare the brokers →