Latest revenue
$2.86B
as of 2025-11-01
Latest net income
$230.9M
as of 2025-11-01
Net margin
8.1%
as of 2025-11-01
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $22.53B
- Enterprise value
- $23.67B
- P/E (trailing)
- 19.5×
- Forward P/E
- —
- P/B
- 8.56×
- Dividend yield
- 0.0%
- 52-wk high
- $714.97
- 52-wk low
- $410.62
- Beta
- —
- Shares out
- 43.7M
5-year trend
What this company does
Ulta Beauty operates a chain of specialty beauty stores across the US, selling cosmetics, fragrance, skincare, haircare, and salon services under one roof. It generates revenue primarily through retail sales of prestige and mass beauty products, supplemented by in-store salon services and a large loyalty program that drives repeat purchases. Limited disclosure in this filing.
Generated from ULTA's filing dated 2026-03-26
Key risks
- 10-Q discloses no material changes to risk factors since the FY2025 10-K, so investors must rely on prior disclosures for material risk assessment.
Generated from ULTA's filing dated 2026-03-26
Profitability
Gross margin
39.1%
0.7%Operating margin
12.4%
10.7%Net margin
9.3%
12.5%Return on equity
41.1%
14.8%Return on assets
16.5%
17.7%Leverage
Debt / equity
1.50×
6.0%Debt / assets
59.9%
2.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-31 | $3.90B | +11.8% | $356.7M | -9.3% | 9.1% |
Q4 2025 2025-11-01 | $2.86B | +12.9% | $230.9M | -4.7% | 8.1% |
Q3 2025 2025-08-02 | $2.79B | +9.3% | $260.9M | +3.3% | 9.4% |
Q2 2025 2025-05-03 | $2.85B | +4.5% | $305.1M | -2.6% | 10.7% |
Q1 2025 2025-02-01 | $3.49B | — | $393.3M | — | 11.3% |
Q4 2024 2024-11-02 | $2.53B | +1.7% | $242.2M | -2.9% | 9.6% |
Q3 2024 2024-08-03 | $2.55B | +0.9% | $252.6M | -15.8% | 9.9% |
Q2 2024 2024-05-04 | $2.73B | — | $313.1M | — | 11.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Retail Stores, NEC · SIC 5990
Your notes
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Insider activity
Insider buying
$0
Insider selling
$508.0K
Net activity
−$508.0K
Distinct insiders
2
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value | |
|---|---|---|---|---|---|---|
| 2026-04-07 | George R Mrkonic JR Director | Sale | 452 | $539.29 | $243.8K | |
| 2025-09-04 | Mike C. Smith Director | Sale | 500 | $528.43 | $264.2K |
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns ULTA
Institutional value
$10.27B
Total shares held
22.0M
Distinct holders
737
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 4.1M | $2.13B | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 2.9M | $1.51B | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 2.0M | $1.02B | — | New |
| 4 | Invesco Ltd. | 738.2K | $385.8M | — | New |
| 5 | Swedbank AB | 533.7K | $278.9M | — | New |
| 6 | DIMENSIONAL FUND ADVISORS LP | 493.2K | $257.8M | — | New |
| 7 | Robeco Institutional Asset Management B.V. | 362.6K | $189.5M | — | New |
| 8 | Legal & General Group Plc | 350.8K | $183.3M | — | New |
| 9 | TD ASSET MANAGEMENT INC | 322.4K | $168.5M | — | New |
| 10 | UBS Group AG | 282.7K | $147.8M | — | New |
| 11 | DEUTSCHE BANK AG\ | 255.2K | $133.4M | — | New |
| 12 | VANGUARD FIDUCIARY TRUST CO | 251.1K | $131.3M | — | New |
| 13 | Bank of New York Mellon Corp | 251.1K | $131.3M | — | New |
| 14 | Alecta Tjanstepension Omsesidigt | 222.5K | $116.2M | — | New |
| 15 | WELLS FARGO & COMPANY/MN | 222.2K | $116.1M | — | New |
| 16 | FEDERATED HERMES, INC. | 220.0K | $115.0M | — | New |
| 17 | Pictet Asset Management Holding SA | 213.5K | $111.6M | — | New |
| 18 | Universal- Beteiligungs- und Servicegesellschaft mbH | 192.9K | $100.8M | — | New |
| 19 | BNP PARIBAS FINANCIAL MARKETS | 183.5K | $95.9M | — | New |
| 20 | Nuveen, LLC | 168.2K | $87.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With net margin compressed to 9.4%, what specific gross margin and SG&A levers offset Sephora/Kohl's and Amazon Premium Beauty share gains in 2H?
- 2
Comp store traffic versus ticket—quantify the split this quarter and detail loyalty member frequency trends among the 44M+ Ultimate Rewards base.
- 3
You disclosed 'no material changes' to risk factors despite prestige slowdown and tariff exposure—why doesn't China sourcing or beauty category deceleration warrant updated disclosure?
Refreshed when ULTA files a new report · last from 2026-03-26