What is Ulta Beauty's earnings per share (EPS)?

Ulta Beauty (ULTA) reported diluted earnings per share of $25.64 for fiscal year 2026. This represents a 1.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ulta Beauty Financials

ULTA

Source SEC Filings (10-K/10-Q) Updated May 2, 2026 Currency USD FYE January

This page shows Ulta Beauty (ULTA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ULTA FY2026 2026-06-02

Ulta’s sales base is still expanding, but rising operating costs are consuming most of the added gross profit before it becomes earnings.

From FY2024 to FY2026, revenue added $1.7B while gross profit added $464M. But SG&A increased by $602M and operating income fell by $145M, showing recent growth is expanding the cost base faster than the profit base, which looks more like pressure in the operating structure than deterioration in merchandise margin.

Net margin slipped from 11.5% in FY2024 to 9.3% in FY2026. Yet operating cash flow reached $1.5B and stayed above net income, suggesting inventory, payables, and other working-capital mechanics are still turning profit into usable cash even as accounting margins narrow and store economics get less efficient.

FY2026 net income was $138M below FY2024 despite higher sales. But diluted EPS was still $25.64 versus $26.03, so repurchases are cushioning per-share results and masking part of the decline in business-level profit that the income statement shows.

Financial Health Signals

Financial Profile 55/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Ulta Beauty's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ulta Beauty has an operating margin of 12.4%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is down from 13.9% the prior year.

Growth

Ulta Beauty's revenue grew 9.7% year-over-year to $12.4B, a solid pace of expansion. This earns a growth score of 42/100.

Leverage

Ulta Beauty carries a low D/E ratio of 1.67, meaning only $1.67 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Ulta Beauty's current ratio of 1.31 is below the typical benchmark, resulting in a score of 22/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Ulta Beauty has a free cash flow margin of 8.6%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

100

Ulta Beauty earns a strong 44.7% return on equity (ROE), meaning it generates $45 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 49.4% the prior year.

Altman Z-Score Safe

5.73

Ulta Beauty scores 5.73, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

5/9

Ulta Beauty passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.30x

For every $1 of reported earnings, Ulta Beauty generates $1.30 in operating cash flow ($1.5B OCF vs $1.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$12.4B

YoY+9.7%

5Y CAGR+15.0%

10Y CAGR+12.2%

Ulta Beauty generated $12.4B in revenue in fiscal year 2026. This represents an increase of 9.7% from the prior year.

EBITDA

$1.8B

YoY+0.1%

5Y CAGR+28.0%

10Y CAGR+10.6%

Ulta Beauty's EBITDA was $1.8B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.1% from the prior year.

Net Income

$1.2B

YoY-4.0%

5Y CAGR+45.7%

10Y CAGR+13.7%

Ulta Beauty reported $1.2B in net income in fiscal year 2026. This represents a decrease of 4.0% from the prior year.

EPS (Diluted)

$25.64

YoY+1.2%

5Y CAGR+52.5%

10Y CAGR+17.8%

Ulta Beauty earned $25.64 per diluted share (EPS) in fiscal year 2026. This represents an increase of 1.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.1B

YoY+10.8%

5Y CAGR+10.2%

10Y CAGR+30.1%

Ulta Beauty generated $1.1B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 10.8% from the prior year.

Cash & Debt

$166.3M

YoY-63.4%

5Y CAGR-29.4%

10Y CAGR-3.6%

Ulta Beauty held $166.3M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

44M

YoY-3.5%

5Y CAGR-4.9%

10Y CAGR-3.5%

Ulta Beauty had 44M shares outstanding in fiscal year 2026. This represents a decrease of 3.5% from the prior year.

Margins & Returns

Gross Margin

39.1%

YoY+0.3pp

5Y CAGR+7.4pp

10Y CAGR+3.8pp

Ulta Beauty's gross margin was 39.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

12.4%

YoY-1.5pp

5Y CAGR+8.5pp

10Y CAGR-0.5pp

Ulta Beauty's operating margin was 12.4% in fiscal year 2026, reflecting core business profitability. This is down 1.5 percentage points from the prior year.

Net Margin

9.3%

YoY-1.3pp

5Y CAGR+6.4pp

10Y CAGR+1.1pp

Ulta Beauty's net profit margin was 9.3% in fiscal year 2026, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

44.7%

YoY-4.7pp

5Y CAGR+35.1pp

10Y CAGR+20.4pp

Ulta Beauty's ROE was 44.7% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 4.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$901.4M

YoY-10.2%

5Y CAGR+51.0%

10Y CAGR+18.3%

Ulta Beauty spent $901.4M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 10.2% from the prior year.

Capital Expenditures

$434.8M

YoY+16.1%

5Y CAGR+23.4%

10Y CAGR+3.8%

Ulta Beauty invested $434.8M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 16.1% from the prior year.

ULTA Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$12.4B+9.7%	$11.3B+0.8%	$11.2B+9.8%	$10.2B+18.3%	$8.6B+40.3%	$6.2B
Cost of Revenue	$7.5B+9.3%	$6.9B+1.2%	$6.8B+10.7%	$6.2B+17.1%	$5.3B+25.2%	$4.2B
Gross Profit	$4.8B+10.4%	$4.4B+0.1%	$4.4B+8.3%	$4.0B+20.1%	$3.4B+72.8%	$1.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.3B+17.4%	$2.8B+4.2%	$2.7B+12.5%	$2.4B+16.2%	$2.1B+30.2%	$1.6B
Operating Income	$1.5B-2.0%	$1.6B-6.7%	$1.7B+2.4%	$1.6B+26.3%	$1.3B+447.9%	$236.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$373.9M-1.3%	$378.9M-6.4%	$404.6M+0.9%	$401.1M+29.4%	$310.0M+461.1%	$55.3M
Net Income	$1.2B-4.0%	$1.2B-7.0%	$1.3B+3.9%	$1.2B+26.0%	$986.0M+460.8%	$175.8M
EPS (Diluted)	$25.64+1.2%	$25.34-2.7%	$26.03+8.4%	$24.01+33.5%	$17.98+478.1%	$3.11

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Revenue	$3.2B+10.7%	$2.9B+2.5%	$2.8B-2.1%	$2.8B-15.4%	$3.4B+33.0%	$2.5B-0.9%	$2.6B-6.4%	$2.7B
Cost of Revenue	$1.9B+11.4%	$1.7B+0.3%	$1.7B-2.2%	$1.7B-16.5%	$2.1B+36.2%	$1.5B-3.1%	$1.6B-5.0%	$1.7B
Gross Profit	$1.3B+9.7%	$1.2B+5.9%	$1.1B-2.0%	$1.1B-13.6%	$1.3B+28.2%	$1.0B+2.8%	$978.2M-8.6%	$1.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$814.7M-3.1%	$840.9M+13.4%	$741.7M+4.4%	$710.6M-7.8%	$770.9M+13.0%	$682.3M+5.8%	$644.8M-3.2%	$665.9M
Operating Income	$448.3M+44.9%	$309.4M-10.3%	$344.9M-14.2%	$401.8M-22.1%	$515.5M+61.8%	$318.5M-3.2%	$329.2M-17.9%	$400.9M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$106.9M+45.5%	$73.4M-13.4%	$84.8M-14.9%	$99.6M-17.1%	$120.1M+54.0%	$78.0M-3.9%	$81.2M-14.3%	$94.7M
Net Income	$340.5M+47.5%	$230.9M-11.5%	$260.9M-14.5%	$305.1M-24.0%	$401.2M+65.7%	$242.2M-4.1%	$252.6M-19.3%	$313.1M
EPS (Diluted)	$7.74+50.6%	$5.14-11.1%	$5.78-13.7%	$6.70	N/A	$5.14-3.0%	$5.30-18.1%	$6.47

ULTA Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$6.9B+15.2%	$6.0B+6.3%	$5.6B+4.8%	$5.4B+7.3%	$5.0B-1.5%	$5.1B
Current Assets	$3.0B+2.8%	$2.9B+6.5%	$2.8B+2.8%	$2.7B+6.1%	$2.5B-1.2%	$2.6B
Cash & Equivalents	$166.3M-63.4%	$454.6M-13.3%	$524.6M-17.6%	$636.4M-2.8%	$654.5M-30.9%	$947.5M
Inventory	$2.4B+12.5%	$2.1B+11.3%	$1.9B+8.8%	$1.8B+11.5%	$1.6B+16.0%	$1.4B
Accounts Receivable	$296.2M	N/A	N/A	N/A	N/A	N/A
Goodwill	$224.6M+1966.5%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M
Total Liabilities	$4.3B+21.3%	$3.6B+6.8%	$3.3B-0.8%	$3.4B+2.8%	$3.3B+0.7%	$3.2B
Current Liabilities	$2.3B+30.6%	$1.8B+12.2%	$1.6B-3.7%	$1.6B+2.1%	$1.6B+5.1%	$1.5B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.6B+6.2%	$2.4B+5.6%	$2.3B+14.0%	$2.0B+15.6%	$1.7B-5.4%	$1.8B
Retained Earnings	$1.5B+7.2%	$1.4B+8.0%	$1.3B+24.1%	$1.1B+24.3%	$851.9M-17.1%	$1.0B

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Total Assets	$6.9B-1.7%	$7.0B+5.8%	$6.6B+10.8%	$6.0B-0.2%	$6.0B+0.7%	$6.0B+3.9%	$5.7B+1.9%	$5.6B
Current Assets	$3.0B-10.4%	$3.4B+9.8%	$3.1B+4.4%	$2.9B-2.9%	$3.0B+2.5%	$3.0B+5.6%	$2.8B+1.4%	$2.8B
Cash & Equivalents	$166.3M-18.8%	$204.9M-15.6%	$242.7M-46.6%	$454.6M-35.3%	$703.2M+295.5%	$177.8M-57.1%	$414.0M-21.1%	$524.6M
Inventory	$2.4B-13.0%	$2.7B+14.0%	$2.4B+13.5%	$2.1B+7.8%	$2.0B-16.8%	$2.4B+18.4%	$2.0B+4.8%	$1.9B
Accounts Receivable	N/A	N/A	N/A	N/A	$223.3M	N/A	N/A	N/A
Goodwill	$224.6M-42.8%	$392.6M0.0%	$392.6M+3511.8%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M0.0%	$10.9M
Total Liabilities	$4.3B-1.5%	$4.4B+8.8%	$4.0B+13.2%	$3.6B+1.2%	$3.5B-3.2%	$3.6B+7.1%	$3.4B+1.7%	$3.3B
Current Liabilities	$2.3B-9.2%	$2.5B+15.3%	$2.2B+24.8%	$1.8B-0.9%	$1.8B-2.0%	$1.8B+14.2%	$1.6B+1.2%	$1.6B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.6B-2.0%	$2.6B+1.1%	$2.6B+7.1%	$2.4B-2.3%	$2.5B+6.8%	$2.3B-0.8%	$2.3B+2.1%	$2.3B
Retained Earnings	$1.5B-3.5%	$1.6B+0.4%	$1.6B+10.7%	$1.4B-3.6%	$1.5B+10.8%	$1.3B-1.8%	$1.4B+3.1%	$1.3B

ULTA Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.5B+12.3%	$1.3B-9.3%	$1.5B-0.4%	$1.5B+39.9%	$1.1B+30.7%	$810.4M
Capital Expenditures	$434.8M+16.1%	$374.5M-14.0%	$435.3M+39.5%	$312.1M+81.3%	$172.2M+13.4%	$151.9M
Free Cash Flow	$1.1B+10.8%	$964.1M-7.4%	$1.0B-11.0%	$1.2B+31.9%	$887.1M+34.7%	$658.5M
Investing Cash Flow	-$931.3M-143.1%	-$383.1M+13.2%	-$441.4M-40.3%	-$314.6M-78.3%	-$176.5M-262.0%	-$48.8M
Financing Cash Flow	-$850.7M+16.5%	-$1.0B-1.3%	-$1.0B-16.9%	-$861.0M+42.5%	-$1.5B-1287.2%	-$107.9M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$901.4M-10.2%	$1.0B+0.8%	$995.7M+10.6%	$900.0M-40.9%	$1.5B+1224.6%	$114.9M

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Operating Cash Flow	$261.9M+4542.7%	$5.6M-94.2%	$96.5M-56.1%	$220.0M-78.8%	$1.0B+1923.7%	-$56.8M-128.5%	$199.5M+25.2%	$159.3M
Capital Expenditures	$58.3M-33.2%	$87.3M+13.4%	$77.0M-2.6%	$79.0M+6.9%	$73.9M-35.3%	$114.2M+19.9%	$95.3M+4.7%	$91.0M
Free Cash Flow	$203.6M+349.4%	-$81.6M-517.2%	$19.6M-86.1%	$141.0M-85.4%	$962.6M+662.7%	-$171.1M-264.1%	$104.3M+52.6%	$68.3M
Investing Cash Flow	-$48.2M+49.5%	-$95.6M+79.8%	-$473.5M-448.2%	-$86.4M-13.0%	-$76.4M+33.7%	-$115.3M-17.8%	-$97.8M-4.5%	-$93.6M
Financing Cash Flow	-$471.4M-1004.4%	$52.1M-68.4%	$165.1M+143.2%	-$382.2M+12.1%	-$434.7M-578.3%	-$64.1M+69.8%	-$212.4M+31.0%	-$307.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$545.3M+142.7%	$224.7M+105.3%	$109.5M-70.4%	$369.8M+55.4%	$237.9M-9.7%	$263.6M+24.1%	$212.3M-26.6%	$289.4M

ULTA Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	39.1%+0.3pp	38.8%-0.3pp	39.1%-0.5pp	39.6%+0.6pp	39.0%+7.3pp	31.7%
Operating Margin	12.4%-1.5pp	13.9%-1.1pp	15.0%-1.1pp	16.1%+1.0pp	15.0%+11.2pp	3.9%
Net Margin	9.3%-1.3pp	10.6%-0.9pp	11.5%-0.7pp	12.2%+0.8pp	11.4%+8.6pp	2.9%
Return on Equity	44.7%-4.7pp	49.4%-6.7pp	56.1%-5.4pp	61.5%+5.1pp	56.5%+46.9pp	9.5%
Return on Assets	16.7%-3.3pp	20.1%-2.9pp	22.9%-0.2pp	23.1%+3.4pp	19.7%+16.2pp	3.5%
Current Ratio	1.31-0.4	1.67-0.1	1.76+0.1	1.64+0.1	1.58-0.1	1.68
Debt-to-Equity	1.67+0.2	1.46+0.0	1.45-0.2	1.66-0.2	1.87+0.1	1.76
FCF Margin	8.6%+0.1pp	8.5%-0.7pp	9.3%-2.2pp	11.5%+1.2pp	10.3%-0.4pp	10.7%

Metric	Q2'27	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25
Gross Margin	40.1%-0.4pp	40.4%+1.3pp	39.1%+0.0pp	39.1%+0.8pp	38.3%-1.4pp	39.8%+1.4pp	38.3%-0.9pp	39.3%
Operating Margin	14.2%+3.3pp	10.8%-1.5pp	12.4%-1.7pp	14.1%-1.2pp	15.3%+2.7pp	12.6%-0.3pp	12.9%-1.8pp	14.7%
Net Margin	10.8%+2.7pp	8.1%-1.3pp	9.4%-1.3pp	10.7%-1.2pp	11.9%+2.4pp	9.6%-0.3pp	9.9%-1.6pp	11.5%
Return on Equity	13.2%+4.4pp	8.8%-1.2pp	10.0%-2.5pp	12.6%-3.6pp	16.1%+5.7pp	10.4%-0.4pp	10.8%-2.8pp	13.6%
Return on Assets	4.9%+1.7pp	3.3%-0.6pp	3.9%-1.2pp	5.1%-1.6pp	6.7%+2.6pp	4.1%-0.3pp	4.4%-1.2pp	5.6%
Current Ratio	1.31-0.0	1.33-0.1	1.39-0.3	1.67-0.0	1.70+0.1	1.63-0.1	1.760.0	1.76
Debt-to-Equity	1.670.0	1.66+0.1	1.55+0.1	1.46+0.1	1.41-0.1	1.56+0.1	1.440.0	1.45
FCF Margin	6.4%+9.3pp	-2.9%-3.6pp	0.7%-4.3pp	5.0%-23.7pp	28.6%+35.4pp	-6.8%-10.8pp	4.1%+1.6pp	2.5%

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Frequently Asked Questions

What is Ulta Beauty's annual revenue?

Ulta Beauty (ULTA) reported $12.4B in total revenue for fiscal year 2026. This represents a 9.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ulta Beauty's revenue growing?

Ulta Beauty (ULTA) revenue grew by 9.7% year-over-year, from $11.3B to $12.4B in fiscal year 2026.

Is Ulta Beauty profitable?

Yes, Ulta Beauty (ULTA) reported a net income of $1.2B in fiscal year 2026, with a net profit margin of 9.3%.

What is Ulta Beauty's EBITDA?

Ulta Beauty (ULTA) had EBITDA of $1.8B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

What is Ulta Beauty's gross margin?

Ulta Beauty (ULTA) had a gross margin of 39.1% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ulta Beauty's operating margin?

Ulta Beauty (ULTA) had an operating margin of 12.4% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Ulta Beauty's net profit margin?

Ulta Beauty (ULTA) had a net profit margin of 9.3% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Ulta Beauty's return on equity (ROE)?

Ulta Beauty (ULTA) has a return on equity of 44.7% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Ulta Beauty's free cash flow?

Ulta Beauty (ULTA) generated $1.1B in free cash flow during fiscal year 2026. This represents a 10.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ulta Beauty's operating cash flow?

Ulta Beauty (ULTA) generated $1.5B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Ulta Beauty's total assets?

Ulta Beauty (ULTA) had $6.9B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Ulta Beauty's capital expenditures?

Ulta Beauty (ULTA) invested $434.8M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Ulta Beauty buy back shares?

Yes, Ulta Beauty (ULTA) spent $901.4M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Ulta Beauty have outstanding?

Ulta Beauty (ULTA) had 44M shares outstanding as of fiscal year 2026.

What is Ulta Beauty's current ratio?

Ulta Beauty (ULTA) had a current ratio of 1.31 as of fiscal year 2026, which is considered adequate.

What is Ulta Beauty's debt-to-equity ratio?

Ulta Beauty (ULTA) had a debt-to-equity ratio of 1.67 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ulta Beauty's return on assets (ROA)?

Ulta Beauty (ULTA) had a return on assets of 16.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Ulta Beauty's Altman Z-Score?

Ulta Beauty (ULTA) has an Altman Z-Score of 5.73, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Ulta Beauty's Piotroski F-Score?

Ulta Beauty (ULTA) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ulta Beauty's earnings high quality?

Ulta Beauty (ULTA) has an earnings quality ratio of 1.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Ulta Beauty?

Ulta Beauty (ULTA) scores 55 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.