financial statements

The full income statement, balance sheet, and cash-flow statement for Ulta Beauty Inc. (ULTA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2026	FY2026	FY2025	FY2023	FY2022
Income Statement	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
Revenue	12.4B YoY+9.7%	11.3B YoY+0.8%	11.2B YoY+9.8%	10.2B YoY+18.3%	8.63B YoY+40.3%
	4.85B YoY+10.4%	4.39B YoY+0.1%	4.38B YoY+8.3%	4.04B YoY+20.1%	3.37B YoY+72.8%
Cost of revenue	7.55B YoY+9.3%	6.91B YoY+1.2%	6.83B YoY+10.7%	6.16B YoY+17.1%	5.26B YoY+25.2%
Selling, general & administrative	3.30B YoY+17.4%	2.81B YoY+4.2%	2.69B YoY+12.5%	2.40B YoY+16.2%	2.06B YoY+30.2%
Amortization of intangibles	204K YoY-33.3%	306K YoY-65.6%	889K YoY-12.3%	1.01M YoY+9.5%	926K YoY+0.0%
Operating income	1.53B YoY-2.0%	1.56B YoY-6.7%	1.68B YoY+2.4%	1.64B YoY+26.3%	1.30B YoY+447.9%
Equity-method income	-3.86M	—	—	—	—
Pre-tax income	1.53B YoY-3.1%	1.58B YoY-6.8%	1.70B YoY+3.2%	1.64B YoY+26.8%	1.30B YoY+460.8%
Income tax	374M YoY-1.3%	379M YoY-6.4%	405M YoY+0.9%	401M YoY+29.4%	310M YoY+461.1%
	1.15B YoY-4.0%	1.20B YoY-7.0%	1.29B YoY+3.9%	1.24B YoY+26.0%	986M YoY+460.8%
Net income to common	1.15B YoY-4.0%	1.20B YoY-7.0%	1.29B YoY+3.9%	1.24B YoY+26.0%	986M YoY+460.7%
	$25.64 YoY+1.2%	$25.34 YoY-2.7%	$26.03 YoY+8.4%	$24.01 YoY+33.5%	$17.98 YoY+478.1%
EPS (basic)	$25.72 YoY+1.1%	$25.44 YoY-2.8%	$26.18 YoY+8.3%	$24.17 YoY+33.6%	$18.09 YoY+479.8%
Weighted-avg shares (basic)	44.8M YoY-5.0%	47.2M YoY-4.3%	49.3M YoY-4.1%	51.4M YoY-5.7%	54.5M YoY-3.3%
Weighted-avg shares (diluted)	45.0M YoY-5.1%	47.4M YoY-4.4%	49.6M YoY-4.1%	51.7M YoY-5.7%	54.8M YoY-3.0%
Balance Sheet	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
	3.14B YoY+3.8%	3.03B YoY+6.8%	2.84B YoY+4.7%	2.71B YoY+18.8%	2.28B YoY-9.3%
Cash & equivalents	424M YoY-39.7%	703M YoY-8.3%	767M YoY+3.9%	738M YoY+71.0%	432M YoY-58.7%
Short-term investments	70.0M	0.00	0.00	0.00	0.00
Accounts receivable	296M YoY+32.6%	223M YoY+7.4%	208M YoY+4.3%	199M YoY-14.7%	234M YoY+21.0%
Prepaid expenses	169M YoY+31.2%	129M YoY+11.7%	116M YoY-11.2%	130M YoY+17.5%	111M YoY+3.2%
	7.00B YoY+16.6%	6.00B YoY+5.2%	5.71B YoY+6.3%	5.37B YoY+12.7%	4.76B YoY-6.4%
Property, plant & equipment	1.43B YoY+15.7%	1.24B YoY+4.8%	1.18B YoY+17.1%	1.01B YoY+10.4%	914M YoY-8.2%
Operating lease right-of-use	1.81B YoY+12.6%	1.61B YoY+2.2%	1.57B YoY+0.8%	1.56B YoY+5.3%	1.48B YoY-1.5%
Goodwill	226M YoY+1983.0%	10.9M YoY+0.0%	10.9M YoY+0.0%	10.9M YoY+0.0%	10.9M YoY+0.0%
Intangible assets	204K YoY+0.0%	204K YoY-60.0%	510K YoY-61.1%	1.31M YoY-46.8%	2.46M YoY+0.0%
Other non-current assets	125M YoY+93.1%	64.7M YoY+10.2%	58.7M YoY+36.6%	43.0M YoY+20.6%	35.6M YoY+26.3%
	2.22B YoY+25.0%	1.78B YoY+7.3%	1.66B YoY-1.4%	1.68B YoY+7.9%	1.56B YoY+15.9%
Accounts payable	686M YoY+21.7%	564M YoY+3.6%	544M YoY-2.8%	560M YoY+1.2%	553M YoY+15.9%
Accrued liabilities	551M YoY+45.0%	380M YoY-0.6%	382M YoY-13.9%	444M YoY+21.8%	365M YoY+23.1%
Deferred revenue	582M YoY+16.3%	501M YoY+14.7%	437M YoY+10.6%	395M YoY+11.6%	354M YoY+28.9%
Short-term & current debt	62.3M YoY-68.8%	200M YoY+2.2%	195M	—	—
Current lease liability	307M YoY+6.4%	288M YoY+1.5%	284M YoY+0.2%	283M YoY+3.3%	274M YoY+8.2%
	4.20B YoY+19.4%	3.51B YoY+2.5%	3.43B YoY+0.5%	3.41B YoY+5.6%	3.23B YoY+4.5%
Long-term debt	800M YoY+0.0%	800M YoY+0.0%	800M YoY+0.0%	800M YoY+0.0%	800M YoY+0.0%
Non-current lease liability	1.81B YoY+10.9%	1.64B YoY+0.5%	1.63B YoY+0.5%	1.62B YoY+3.0%	1.57B YoY-4.3%
Deferred tax liabilities	98.8M YoY+131.9%	42.6M YoY-50.4%	85.9M YoY+55.2%	55.3M YoY+39.4%	39.7M YoY-39.3%
Other non-current liabilities	59.6M YoY+6.2%	56.1M YoY-0.3%	56.3M YoY+5.0%	53.6M YoY-8.6%	58.7M YoY+54.5%
	2.80B YoY+12.7%	2.49B YoY+9.2%	2.28B YoY+16.3%	1.96B YoY+27.6%	1.54B YoY-23.2%
Common stock	450K YoY-3.8%	468K YoY-4.7%	491K YoY-3.9%	511K YoY-3.6%	530K YoY-6.9%
Additional paid-in capital	1.18B YoY+5.5%	1.12B YoY+4.2%	1.08B YoY+5.0%	1.02B YoY+9.5%	935M YoY+10.3%
Retained earnings	1.74B YoY+17.8%	1.47B YoY+14.5%	1.29B YoY+29.2%	996M YoY+52.4%	653M YoY-45.1%
Treasury stock	120M YoY+12.8%	107M YoY+28.6%	83.0M YoY+37.3%	60.5M YoY+13.1%	53.5M YoY+41.5%
Accumulated other comprehensive income	3.76M YoY+6614.3%	56.0K YoY+0.0%	56.0K YoY+0.0%	56.0K YoY+0.0%	56.0K YoY+0.0%
Total liabilities & equity	7.00B YoY+16.6%	6.00B YoY+5.2%	5.71B YoY+6.3%	5.37B YoY+12.7%	4.76B YoY-6.4%
Common shares issued	45.0M YoY-3.8%	46.8M YoY-4.7%	49.1M YoY-3.9%	51.1M YoY-3.6%	53.0M YoY-6.9%
Common shares outstanding	44.2M YoY-3.9%	46.0M YoY-4.9%	48.3M YoY-4.1%	50.4M YoY-3.7%	52.3M YoY-7.0%
Shares outstanding (cover)	44.4M YoY-4.3%	46.4M YoY-4.5%	48.6M YoY-4.6%	50.9M YoY-6.0%	54.1M YoY-3.9%
Cash Flow	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
	1.50B YoY+12.3%	1.34B YoY-9.3%	1.48B YoY-0.4%	1.48B YoY+39.9%	1.06B YoY+30.7%
Depreciation & amortization	301M YoY+12.6%	267M YoY+9.5%	244M YoY+1.0%	241M YoY-10.1%	268M YoY-9.8%
Share-based compensation	37.4M YoY-12.5%	42.8M YoY-11.3%	48.2M YoY+12.1%	43.0M YoY-8.9%	47.3M YoY+71.3%
Deferred income taxes	-1.64M YoY+96.2%	-43.3M YoY-241.7%	30.6M YoY+95.3%	15.7M YoY+161.0%	-25.7M YoY-6.9%
Change in inventory	136M YoY-39.9%	226M YoY+63.0%	139M YoY+33.1%	104M YoY-68.5%	331M YoY+363.8%
Change in payables	89.1M YoY+194.0%	30.3M YoY+245.1%	-20.9M YoY-351.2%	8.31M YoY-87.4%	66.2M YoY+6.1%
	-931M YoY-143.1%	-383M YoY+13.2%	-441M YoY-40.3%	-315M YoY-78.3%	-176M YoY-262.0%
Capital expenditure	435M YoY+16.1%	374M YoY-14.0%	435M YoY+39.5%	312M YoY+81.3%	172M YoY+13.4%
Acquisitions	387M	—	—	—	—
	-851M YoY+16.5%	-1.02B YoY-1.3%	-1.01B YoY-16.9%	-861M YoY+42.5%	-1.50B YoY-1287.2%
Long-term debt repaid	—	200M YoY+2.2%	195M	—	—
Common stock repurchased	901M YoY-10.2%	1.00B YoY+0.8%	996M YoY+10.6%	900M YoY-40.9%	1.52B YoY+1224.6%
FX effect on cash	—	—	—	—	-56.0K YoY-200.0%
Net change in cash	-279M YoY-340.0%	-63.4M YoY-320.8%	28.7M YoY-90.6%	306M YoY+149.8%	-614M YoY-194.0%
Interest paid	9.67M YoY+132.6%	4.16M YoY+25.0%	3.33M YoY+55.6%	2.14M YoY+0.3%	2.13M YoY-69.5%
Income taxes paid	382M YoY-1.1%	386M YoY+17.6%	328M YoY-23.6%	430M YoY+16.0%	371M YoY+1805.2%
Valuation Ratios	as ofJan 31 ’26	as ofFeb 1 ’25	as ofFeb 3 ’24	as ofJan 28 ’23	as ofJan 29 ’22
Market cap	28.7B YoY+50.3%	19.1B YoY-22.1%	24.5B YoY-4.6%	25.7B YoY+32.5%	19.4B YoY+23.2%
P/E	24.4× YoY+51.0%	16.2× YoY-19.7%	20.1× YoY-7.5%	21.7× YoY-3.2%	22.5× YoY-67.6%
P/S	2.4× YoY+41.7%	1.7× YoY-25.3%	2.3× YoY-14.3%	2.7× YoY+10.8%	2.4× YoY-4.3%
P/B	11.0× YoY+32.2%	8.3× YoY-32.0%	12.3× YoY-9.0%	13.5× YoY+37.3%	9.8× YoY+15.5%
P/FCF	27.9× YoY+42.9%	19.5× YoY-33.6%	29.4× YoY+7.7%	27.3× YoY+15.0%	23.7× YoY-5.4%
Earnings yield	4.1% YoY-33.8%	6.2% YoY+24.5%	5.0% YoY+8.1%	4.6% YoY+3.3%	4.4% YoY+208.8%
FCF yield	3.6% YoY-30.0%	5.1% YoY+50.5%	3.4% YoY-7.1%	3.7% YoY-13.0%	4.2% YoY+5.7%
Source filing	10-K	10-K	10-K	10-K	DEF 14A

About this data

Source: ULTA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ULTA filings on SEC EDGAR → Not investment advice.

ULTA▼ financial statements

About this data

financial statements