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Stocks/Consumer Discretionary/Other Specialty Retail

Ulta BeautyULTA

Other Specialty Retail · Bolingbrook, Illinois · In the S&P 500
Solid business
$640.43−1.21%After hours: $640.43 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 26.5% over 1 year
Ulta Beauty over 1 yearDaily close, $, to 30 Oct 2026
$500$600$700Nov2026MarMayJulSep$640.43$500$600$700NovMarJul$640.43
Source: Nasdaq daily closes
Market value$27.38B
Price to earnings23.3x
Forward P/E21.0x
Dividend yield–
Year to date+5.9%
One year+26.5%
Next earningsNot scheduled
SectorConsumer Discretionary
52-week range (closes)
$450.75$706.82

Quality and valuation

How Ulta Beauty compares with other consumer discretionary stocks. A description, not a recommendation.

Ulta Beauty and 5 other specialty retail peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among consumer discretionary companies, priced about in line with them.

Ulta Beauty trades at 21.0 times the next 12 months of expected earnings, against a median of 19.5x for the 66 consumer discretionary stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +11.2% vs +8.1%
  • Keeps less of each sale (gross margin): 39.3% vs 40.5%
  • Less profitable (operating margin): 12.5% vs 13.8%
  • Turns less of its sales into cash: 8.9% vs 10.1%
ULTA trades at 21.0x forward earnings, above the sector medianForward p/e, Other Specialty Retail peers
BABA12.3xTM14.3xMCD19.6xULTA21.0xHD21.4xAMZN25.7xTJX26.0xTSLA218.4xSector median 19.5xBABA12.3xTM14.3xMCD19.6xULTA21.0xHD21.4xAMZN25.7xTJX26.0xTSLA218.4xSector median 19.5x
Source: CNBC quotes; Mostly Markets
At 23.3x earnings, ULTA is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
15x20x25xAverage 18.9x2025202623.3x20xAverage 18.9x2025202623.3x
Source: Nasdaq prices; SEC filings

Financials

From Ulta Beauty's SEC filings, through the quarter ending 1 Aug 2026. Hover or tap a bar for its value.

Revenue grew 8.9% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$1bn$2bn$3bnQ3 ’24Q1 ’25Q3 ’25$3.0bnQ2 ’26$0bn$2bnQ3 ’24Q1 ’25Q3 ’25$3.0bnQ2 ’26
Source: SEC filings
Growth slowed to +8.9% last quarterRevenue growth, year on year, %
0%5%10%Q3 ’24Q1 ’25Q3 ’258.9%Q2 ’260%5%10%Q3 ’24Q1 ’25Q3 ’258.9%Q2 ’26
Source: SEC filings
Operating margin was 12.5% last quarterOperating income as a share of revenue, %
0%5%10%Q3 ’24Q1 ’25Q3 ’2512.5%Q2 ’260%5%10%Q3 ’24Q1 ’25Q3 ’2512.5%Q2 ’26
Source: SEC filings
Free cash flow was $1.1 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$500mQ3 ’24Q1 ’25Q3 ’25$38mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$38mQ2 ’26
Source: SEC filings
Last 12 monthsULTASector median
Revenue growth+11.2%+8.1%
Gross margin39.3%40.5%
Operating margin12.5%13.8%
Free cash flow margin8.9%10.1%
Price to earnings23.3x21.0x

Stories on Ulta Beauty

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Similar companies

Other Specialty Retail, by market value.

CompanyPriceTodayYTDValue
AMZNAmazon$240.35−1.41%+4.1%$2.59T
TSLATesla$399.81−0.87%−11.1%$1.58T
HDHome Depot$329.20+0.07%−4.3%$328B
TMToyota$195.71−0.47%−8.6%$286B
BABAAlibaba$98.04−1.51%−33.1%$244B
MCDMcDonald's$258.12+0.29%−15.5%$183B
TJXTJX Companies$140.31−0.76%−8.7%$154B
SONYSony Group$25.30−0.67%−1.2%$151B