Ulta Beauty, Inc. - Understand $ulta stock

$ULTA Market Cap: $18.51 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.36B

TTM

Gross Margin

38.76%

TTM

Net Earnings

$1.202B

TTM

Current Assets

$2.955B

Q4 2024

Current Liabilities

$1.816B

Q4 2024

Current Ratio

162.68%

Q4 2024

Total Assets

$5.958B

Q4 2024

Total Liabilities

$3.629B

Q4 2024

Book Value

$2.329B

Q4 2024

Cash

$177.8M

Q4 2024

P/E

15.40

Nov 29, 2024 EST

Free Cash Flow

$1.167B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$11.21B	$10.21B	$8.631B	$6.152B	$7.398B	$6.717B	$5.885B	$4.855B	$3.924B	$3.241B	$2.671B	$2.220B	$1.776B	$1.455B	$1.223B	$1.085B	$912.1M	$755.1M	$579.1M	$491.2M	$423.9M
YoY Change	9.78%	18.28%	40.3%	-16.84%	10.15%	14.14%	21.21%	23.72%	21.06%	21.37%	20.28%	25.0%	22.09%	18.98%	12.74%	18.91%	20.79%	30.39%	17.89%	15.88%	17.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$11.21B	$10.21B	$8.631B	$6.152B	$7.398B	$6.717B	$5.885B	$4.855B	$3.924B	$3.241B	$2.671B	$2.220B	$1.776B	$1.455B	$1.223B	$1.085B	$912.1M	$755.1M	$579.1M	$491.2M	$423.9M
Cost Of Revenue	$6.826B	$6.164B	$5.262B	$4.203B	$4.717B	$4.307B	$3.788B	$3.108B	$2.540B	$2.105B	$1.729B	$1.437B	$1.159B	$970.8M	$846.2M	$752.9M	$628.5M	$519.9M	$404.8M	$346.6M	$312.2M
Gross Profit	$4.381B	$4.045B	$3.369B	$1.949B	$2.681B	$2.409B	$2.097B	$1.747B	$1.384B	$1.137B	$941.2M	$783.7M	$616.8M	$484.1M	$376.6M	$331.7M	$283.6M	$235.2M	$174.3M	$144.6M	$111.7M
Gross Profit Margin	39.09%	39.62%	39.03%	31.68%	36.24%	35.87%	35.63%	35.99%	35.28%	35.07%	35.25%	35.3%	34.73%	33.27%	30.8%	30.58%	31.09%	31.15%	30.1%	29.44%	26.35%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$2.703B	$2.406B	$2.062B	$1.583B	$1.761B	$1.535B	$1.287B	$1.074B	$863.4M	$712.0M	$596.4M	$488.9M	$410.7M	$358.1M	$308.4M	$285.4M	$236.9M	$195.1M	$144.9M	$126.1M	$100.8M
YoY Change	12.35%	16.7%	30.23%	-10.09%	14.67%	19.28%	19.87%	24.38%	21.26%	19.39%	21.99%	19.05%	14.67%	16.12%	8.06%	20.47%	21.42%	34.64%	14.91%	25.1%	13.13%
% of Gross Profit	61.7%	59.49%	61.2%	81.22%	65.67%	63.73%	61.39%	61.46%	62.37%	62.63%	63.36%	62.38%	66.57%	73.98%	81.89%	86.04%	83.53%	82.95%	83.13%	87.21%	90.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$243.8M	$241.4M	$268.5M	$297.8M	$295.6M	$279.5M	$252.7M	$210.3M	$165.0M	$131.8M	$106.3M	$88.23M	$75.93M	$64.94M	$62.20M	$51.40M	$39.50M	$29.70M	$22.30M	$18.30M
YoY Change	1.02%	-10.09%	-9.84%	0.74%	5.77%	10.59%	20.17%	27.41%	25.26%	23.97%	20.46%	16.2%	16.93%	4.4%	21.01%	30.13%	33.0%	33.18%	21.86%
% of Gross Profit	5.57%	5.97%	7.97%	15.28%	11.03%	11.6%	12.05%	12.04%	11.92%	11.59%	11.29%	11.26%	12.31%	13.41%	16.52%	15.5%	13.93%	12.63%	12.79%	12.66%
Operating Expenses	$2.703B	$2.406B	$2.062B	$1.583B	$1.761B	$1.535B	$1.287B	$1.074B	$863.4M	$712.0M	$596.4M	$488.9M	$410.7M	$358.1M	$308.4M	$285.4M	$236.9M	$195.1M	$144.9M	$126.1M	$100.8M
YoY Change	12.35%	16.7%	30.23%	-10.09%	14.67%	19.28%	19.87%	24.38%	21.26%	19.39%	21.99%	19.05%	14.67%	16.12%	8.06%	20.47%	21.42%	34.64%	14.91%	25.1%	13.0%
Operating Profit	$1.678B	$1.639B	$1.297B	$236.8M	$901.1M	$854.1M	$785.3M	$654.8M	$506.3M	$410.4M	$327.6M	$280.0M	$196.2M	$118.9M	$68.20M	$46.30M	$46.70M	$40.10M	$29.40M	$18.50M	$10.90M
YoY Change	2.41%	26.29%	447.88%	-73.72%	5.5%	8.76%	19.92%	29.34%	23.36%	25.28%	17.0%	42.7%	65.03%	74.32%	47.3%	-0.86%	16.46%	36.39%	58.92%	69.72%	-17.42%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	$17.62M	$4.934M	-$1.663M	-$5.735M	$5.056M	$5.061M	$1.568M	$900.0K	$1.100M	$900.0K	$100.0K	$185.0K	$587.0K	$755.0K	-$2.200M	-$3.900M	-$4.500M	-$3.300M	-$3.000M	-$2.800M	-$2.800M
YoY Change	257.15%	-396.69%	-71.0%	-213.43%	-0.1%	222.77%	74.22%	-18.18%	22.22%	800.0%	-45.95%	-68.48%	-22.25%	-134.32%	-43.59%	-13.33%	36.36%	10.0%	7.14%	0.0%	21.74%
% of Operating Profit	1.05%	0.3%	-0.13%	-2.42%	0.56%	0.59%	0.2%	0.14%	0.22%	0.22%	0.03%	0.07%	0.3%	0.64%	-3.23%	-8.42%	-9.64%	-8.23%	-10.2%	-15.14%	-25.69%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$1.696B	$1.644B	$1.296B	$231.1M	$906.2M	$859.1M	$786.9M	$655.7M	$507.4M	$411.3M	$327.7M	$279.8M	$195.6M	$118.1M	$66.00M	$42.40M	$42.20M	$36.80M	$26.50M	$15.70M	$8.100M
YoY Change	3.17%	26.83%	460.76%	-74.5%	5.47%	9.19%	20.0%	29.22%	23.37%	25.51%	17.12%	43.04%	65.59%	78.98%	55.66%	0.47%	14.67%	38.87%	68.79%	93.83%	-25.69%
Income Tax	$404.6M	$401.1M	$310.0M	$55.25M	$200.2M	$200.6M	$231.6M	$246.0M	$187.4M	$154.2M	$124.9M	$107.2M	$75.34M	$47.10M	$26.60M	$17.10M	$16.80M	$14.20M	$10.50M	$6.200M	$3.000M
% Of Pretax Income	23.86%	24.41%	23.92%	23.91%	22.09%	23.35%	29.44%	37.51%	36.94%	37.48%	38.1%	38.33%	38.52%	39.87%	40.3%	40.33%	39.81%	38.59%	39.62%	39.49%	37.04%
Net Earnings	$1.291B	$1.242B	$985.8M	$175.8M	$705.9M	$658.6M	$555.2M	$409.8M	$320.0M	$257.1M	$202.8M	$172.5M	$120.3M	$71.03M	$39.40M	$25.30M	$25.30M	$22.50M	$16.00M	$9.500M	$5.100M
YoY Change	3.91%	26.03%	460.66%	-75.09%	7.2%	18.61%	35.5%	28.05%	24.45%	26.76%	17.56%	43.48%	69.31%	80.28%	55.73%	0.0%	12.44%	40.63%	68.42%	86.27%	-47.42%
Net Earnings / Revenue	11.52%	12.17%	11.42%	2.86%	9.54%	9.8%	9.44%	8.44%	8.15%	7.93%	7.6%	7.77%	6.77%	4.88%	3.22%	2.33%	2.77%	2.98%	2.76%	1.93%	1.2%
Basic Earnings Per Share	$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
Diluted Earnings Per Share	$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	$665.5K	$428.8K	$474.7K	$450.9K	$332.0K	$164.6K	$88.39K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments	$766.6M	$737.9M	$431.6M	$1.046B	$502.3M	$409.3M	$397.4M	$415.0M	$475.8M	$539.4M	$419.5M	$320.5M	$253.7M	$111.2M	$4.000M	$3.600M	$3.800M	$3.600M	$2.800M
YoY Change	3.89%	70.98%	-58.75%	108.26%	22.72%	2.99%	-4.24%	-12.78%	-11.79%	28.58%	30.89%	26.33%	128.15%	2680.0%	11.11%	-5.26%	5.56%	28.57%
Cash & Equivalents	$766.6M	$737.9M	$66.50M	$58.80M	$392.3M	$409.3M	$277.4M	$385.0M	$345.8M	$389.1M	$419.5M	$320.5M	$253.7M	$111.2M	$4.000M	$3.600M	$3.800M	$3.600M	$2.800M
Short-Term Investments		$0.00	$199.9M	$100.0M	$110.0M	$0.00	$120.0M	$30.00M	$130.0M	$150.2M
Other Short-Term Assets	$119.8M	$168.6M	$116.7M	$107.4M	$120.0M	$155.1M	$100.2M	$88.60M	$72.50M	$87.30M	$78.20M	$66.30M	$55.70M	$52.40M	$38.40M	$41.20M	$28.40M	$20.70M	$17.40M
YoY Change	-28.9%	44.41%	8.68%	-10.5%	-22.63%	54.79%	13.09%	22.21%	-16.95%	11.64%	17.95%	19.03%	6.3%	36.46%	-6.8%	45.07%	37.2%	18.97%
Inventory	$1.742B	$1.603B	$1.499B	$1.168B	$1.294B	$1.214B	$1.096B	$944.0M	$761.8M	$581.2M	$457.9M	$361.1M	$244.6M	$218.5M	$206.9M	$213.6M	$176.1M	$129.2M	$109.4M
Prepaid Expenses
Receivables	$207.9M	$199.4M	$233.7M	$193.1M	$139.3M	$136.2M	$99.70M	$88.60M	$65.00M	$52.40M	$47.00M	$41.50M	$26.20M	$22.30M	$13.50M	$18.30M	$20.60M	$18.50M	$15.80M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$2.837B	$2.709B	$2.281B	$2.515B	$2.055B	$1.915B	$1.694B	$1.536B	$1.375B	$1.260B	$1.003B	$789.3M	$580.2M	$404.4M	$262.8M	$276.7M	$228.9M	$172.0M	$145.5M
YoY Change	4.7%	18.77%	-9.29%	22.36%	7.33%	13.06%	10.25%	11.71%	9.11%	25.7%	27.04%	36.04%	43.47%	53.88%	-5.02%	20.88%	33.08%	18.21%
Property, Plant & Equipment	$2.757B	$2.571B	$2.397B	$2.500B	$2.743B	$1.226B	$1.190B	$1.004B	$847.6M	$717.2M	$595.7M	$483.1M	$377.0M	$326.1M	$290.9M	$292.2M	$236.4M	$162.1M	$133.0M
YoY Change	7.25%	7.25%	-4.15%	-8.85%	123.74%	3.07%	18.43%	18.5%	18.18%	20.4%	23.31%	28.14%	15.61%	12.1%	-0.44%	23.6%	45.84%	21.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$102.2M	$78.39M	$74.06M	$61.40M	$51.20M	$35.10M	$25.50M	$11.30M	$8.100M	$5.700M	$4.300M	$2.900M				$0.00	$4.100M	$4.500M	$4.200M
YoY Change	30.44%	5.85%	20.61%	19.92%	45.87%	37.65%	125.66%	39.51%	42.11%	32.56%	48.28%					-100.0%	-8.89%	7.14%
Total Long-Term Assets	$2.870B	$2.661B	$2.483B	$2.575B	$2.809B	$1.276B	$1.215B	$1.016B	$855.7M	$722.8M	$600.0M	$485.9M	$377.0M	$326.1M	$290.8M	$292.2M	$240.5M	$166.6M	$137.1M
YoY Change	7.87%	7.16%	-3.57%	-8.31%	120.06%	5.05%	19.62%	18.7%	18.39%	20.47%	23.48%	28.89%	15.61%	12.14%	-0.48%	21.5%	44.36%	21.52%
Total Assets	$5.707B	$5.370B	$4.764B	$5.090B	$4.864B	$3.191B	$2.909B	$2.552B	$2.231B	$1.983B	$1.603B	$1.275B	$957.2M	$730.5M	$553.6M	$568.9M	$469.4M	$338.6M	$282.6M
YoY Change
Accounts Payable	$544.0M	$559.5M	$552.7M	$477.1M	$414.0M	$404.0M	$325.8M	$259.5M	$196.2M	$190.8M	$148.3M	$118.9M	$86.40M	$87.10M	$56.40M	$47.80M	$52.10M	$43.10M	$34.40M
YoY Change	-2.77%	1.23%	15.85%	15.24%	2.48%	24.0%	25.55%	32.26%	2.83%	28.66%	24.73%	37.62%	-0.8%	54.43%	17.99%	-8.25%	20.88%	25.29%
Accrued Expenses	$666.3M	$727.6M	$595.5M	$513.0M	$446.7M	$188.6M	$274.7M	$236.0M	$166.9M	$131.6M	$90.40M	$82.10M	$74.40M	$76.30M	$59.20M	$51.20M	$54.70M	$38.60M	$26.50M
YoY Change	-8.42%	22.19%	16.07%	14.84%	136.85%	-31.34%	16.4%	41.4%	26.82%	45.58%	10.11%	10.35%	-2.49%	28.89%	15.63%	-6.4%	41.71%	45.66%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00							$0.00	$18.00M	$0.00	$0.00	$0.00
YoY Change															-100.0%
Total Short-Term Liabilities	$1.658B	$1.682B	$1.558B	$1.344B	$1.137B	$823.7M	$642.2M	$529.3M	$396.2M	$359.6M	$266.8M	$221.1M	$164.9M	$163.4M	$126.4M	$117.0M	$111.9M	$83.90M	$69.00M
YoY Change	-1.4%	7.94%	15.95%	18.15%	38.07%	28.26%	21.33%	33.59%	10.18%	34.78%	20.67%	34.08%	0.92%	29.27%	8.03%	4.56%	33.37%	21.59%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$88.00M	$74.80M	$50.70M	$45.40M
YoY Change															-100.0%	17.65%	47.53%	11.67%
Other Long-Term Liabilities	$1.684B	$1.673B	$1.631B	$1.681B	$1.735B	$463.4M	$432.9M	$385.8M	$332.3M	$301.6M	$266.1M	$210.9M	$163.5M	$134.6M	$113.7M	$101.3M	$71.20M	$50.40M	$40.40M
YoY Change	0.6%	2.59%	-2.97%	-3.11%	274.45%	7.05%	12.21%	16.1%	10.18%	13.34%	26.17%	28.99%	21.47%	18.38%	12.24%	42.28%	41.27%	24.75%
Total Long-Term Liabilities	$1.684B	$1.673B	$1.631B	$1.681B	$1.735B	$463.4M	$432.9M	$385.8M	$332.3M	$301.6M	$266.1M	$210.9M	$163.5M	$134.6M	$113.7M	$189.3M	$146.0M	$101.1M	$85.80M
YoY Change	0.6%	2.59%	-2.97%	-3.11%	274.45%	7.05%	12.21%	16.1%	10.18%	13.34%	26.17%	28.99%	21.47%	18.38%	-39.94%	29.66%	44.41%	17.83%
Total Liabilities	$3.428B	$3.411B	$3.229B	$3.090B	$2.962B	$1.371B	$1.135B	$1.002B	$788.0M	$735.7M	$599.6M	$488.3M	$372.5M	$328.0M	$261.0M	$324.0M	$257.9M	$185.0M	$154.8M
YoY Change	0.5%	5.62%	4.49%	4.34%	116.03%	20.85%	13.26%	27.12%	7.11%	22.7%	22.79%	31.09%	13.57%	25.67%	-19.44%	25.63%	39.41%	19.51%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Basic Shares Outstanding	49.30M	51.40M	54.48M	56.35M	57.84M	59.86M	61.56M	62.52M shares	63.95M shares	64.34M shares	63.99M shares	63.25M shares	61.26M shares	58.96M shares
Diluted Shares Outstanding	49.60M	51.74M	54.84M	56.56M	58.11M	60.18M	61.98M	62.85M shares	64.28M shares	64.65M shares	64.46M shares	64.40M shares	63.33M shares	61.29M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $18.51 Billion

About Ulta Beauty, Inc.

Ulta Beauty, Inc. engages in the retail of beauty products. The company is headquartered in Bolingbrook, Illinois and currently employs 20,000 full-time employees. The company went IPO on 2007-10-25. The firm's product categories include cosmetics, skincare, haircare products and styling tools, fragrance and bath, services, and accessories and other. The firm has one segment, which includes retail stores, salon services, and e-commerce. The company offers a range of beauty services in its stores, focusing on hair, makeup, brow and skin services. Its skin services include a skin treatment room or dedicated skin treatment area on the sales floor. Its Ulta Beauty store prototype includes an open salon area, with most of its stores offering brow services on the salon floor. The company offers a new way to shop for beauty - bringing together All Things Beauty, All in One Place. In addition to ship to home order fulfillment, it offers guests Buy Online, Pick-up in Store, Curbside Pickup, and Store 2 Door, which provides the ability for customers to order in-store and have products delivered to their homes. The company operates over 1,350 retail stores across 50 states.

Industry: Retail-Retail Stores, NEC Peers: Academy Sports & Outdoors, Inc. Bath & Body Works, Inc. FIVE BELOW, INC DICK'S SPORTING GOODS, INC. Leslie's, Inc. National Vision Holdings, Inc. Petco Health & Wellness Company, Inc. TRACTOR SUPPLY CO /DE/