Ulta Beauty Inc
Research Ulta Beauty Inc (ULTA) on Bullrun: valuation model: 7.2% undervalued, market cap USD 23.23B, P/E 20.1. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerULTA
- ExchangeNASDAQ
- CountryUnited States
- SectorConsumer Cyclical
- IndustrySpecialty Retail
- CurrencyUSD
- Valuation signal7.2% undervalued
- Market capUSD 23.23B
- P/E20.1
- Financial periodFY2026
- RevenueUSD 12.39B
- Revenue growth9.7%
- Net incomeUSD 1.15B
- Free cash flowUSD 1.07B
- Gross margin39.1%
Valuation Snapshot
Bullrun's latest valuation model marks Ulta Beauty Inc as 7.2% undervalued; latest market cap is USD 23.23B; P/E is 20.1.
Peer valuation comparison
Latest P/E is 20.13x versus a Consumer Cyclical sector median of 17.59x (14.5% above).
Latest P/E is 20.13x versus a United States median of 24.87x (19.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | USD 12.39B | USD 1.15B | USD 1.07B | 39.1% | 25.64 | USD 424.24M | USD 62.29M | USD 2.80B |
| FY2025 | USD 11.30B | USD 1.20B | USD 964.15M | 38.8% | 25.34 | USD 703.20M | USD 2.57B | USD 2.49B |
| FY2024 | USD 11.21B | USD 1.29B | USD 1.04B | 39.1% | 26.03 | USD 766.59M | USD 2.14B | USD 2.28B |
| FY2023 | USD 10.21B | USD 1.24B | USD 1.17B | 39.6% | 24.01 | USD 737.88M | USD 2.10B | USD 1.96B |
| FY2022 | USD 8.63B | USD 986.00M | USD 887.08M | 39.0% | 17.98 | USD 431.56M | USD 1.86B | USD 1.54B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 23.23B | 20.1 | n/a | n/a |
| 2025 | 2025-12-31 | USD 26.84B | 23.2 | n/a | n/a |
| 2024 | 2024-12-31 | USD 20.17B | 17.4 | n/a | n/a |
| 2023 | 2023-12-29 | USD 23.79B | 19.9 | n/a | n/a |
| 2022 | 2022-12-30 | USD 23.87B | 20.6 | n/a | n/a |
| 2021 | 2021-12-31 | USD 22.32B | 26.4 | n/a | n/a |
About Ulta Beauty Inc
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provides wellness products. The company was formerly known as ULTA Salon, Cosmetics & Fragrance, Inc.
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Frequently asked questions
Is Ulta Beauty Inc overvalued or undervalued?
Bullrun's valuation model currently marks Ulta Beauty Inc as 7.2% undervalued.
What is Ulta Beauty Inc's market cap?
Ulta Beauty Inc's market capitalization is USD 23.23B.
What is Ulta Beauty Inc's P/E ratio?
Ulta Beauty Inc's price-to-earnings (P/E) ratio is 20.1.
What does Ulta Beauty Inc do?
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provides wellness products. The company was formerly known as ULTA Salon, Cosmetics & Fragrance, Inc. and changed its name to Ulta Beauty, Inc. in January 2017. Ulta Beauty, Inc.