Ulta Beauty Financial Ratios
NASDAQ: ULTAConsumer DiscretionaryOther Specialty StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ulta Beauty ratio analysis
Ulta Beauty earned a net margin of 9.3% in FY 2025, down from 10.6% a year earlier. Gross margin was 39.1% compared with a median of 36.2% over the prior 9 years. Return on equity reached 41.1%, meaning Ulta Beauty generated 0.41 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.02, and the current ratio was 1.41. At the end of FY 2025, ULTA traded at 25.2 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 16.3 to 90.0, with a median of 23.3. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Ulta Beauty financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 25.25 | 16.26 | 19.41 | 21.06 | 19.96 | 89.95 | 22.05 | 26.63 | 24.49 | 41.63 |
| Price / sales | 2.34 | 1.72 | 2.22 | 2.55 | 2.27 | 2.56 | 2.09 | 2.60 | 2.30 | 3.50 |
| Price / book | 10.35 | 7.82 | 10.93 | 13.26 | 12.73 | 7.88 | 8.15 | 9.58 | 7.61 | 10.95 |
| Gross margin | 39.1% | 38.8% | 39.1% | 39.6% | 39.0% | 31.7% | 36.2% | 35.9% | 35.6% | 36.0% |
| Operating margin | 12.4% | 13.9% | 15.0% | 16.1% | 15.0% | 3.8% | 12.2% | 12.7% | 13.3% | 13.5% |
| Net margin | 9.3% | 10.6% | 11.5% | 12.2% | 11.4% | 2.9% | 9.5% | 9.8% | 9.4% | 8.4% |
| Free cash flow margin | 8.6% | 8.5% | 9.3% | 11.5% | 10.3% | 10.7% | 10.9% | 9.5% | 5.8% | 5.4% |
| Return on equity (ROE) | 41.1% | 48.3% | 56.6% | 63.4% | 64.2% | 8.8% | 37.1% | 36.2% | 31.3% | 26.4% |
| Return on assets (ROA) | 16.5% | 20.0% | 22.6% | 23.1% | 20.7% | 3.5% | 14.5% | 20.6% | 19.1% | 16.1% |
| Debt / equity | 0.02 | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.41 | 1.70 | 1.71 | 1.61 | 1.46 | 1.87 | 1.81 | 2.32 | 2.64 | 2.90 |
| Revenue growth | 9.7% | 0.8% | 9.8% | 18.3% | 40.3% | -16.8% | 10.1% | 14.1% | 21.2% | 23.7% |
| EPS growth | 1.2% | -2.7% | 8.4% | 33.5% | 478.1% | -74.4% | 11.1% | 22.1% | 37.4% | 30.9% |