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With more than 1,400 freestanding stores and 600 Target shop-in-shops, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers cosmetics (39% of 2024 sales), fragrances (13%), skin care (23%), and hair care products (19%). It also offers salon services, including hair, makeup, skin, and brow, that account for about 4% of its revenue and drive traffic. In addition, it collects royalties through its Target partnership and credit card revenue. Most standalone Ulta stores are approximately 10,000 square feet and are in suburban strip centers. The firm will soon open franchised stores in Mexico and has formed a joint venture to expand into the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
2016
58K+
LTM Revenue $11.4B
LTM EBITDA $1.8B
$22.7B
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Ulta Beauty has a last 12-month revenue (LTM) of $11.4B and a last 12-month EBITDA of $1.8B.
In the most recent fiscal year, Ulta Beauty achieved revenue of $11.3B and an EBITDA of $1.8B.
Ulta Beauty expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ulta Beauty valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $11.4B | XXX | $11.3B | XXX | XXX | XXX |
| Gross Profit | $4.4B | XXX | $4.4B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| EBIT | $1.5B | XXX | $1.6B | XXX | XXX | XXX |
| EBIT Margin | 13% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $1.2B | XXX | $1.2B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Ulta Beauty's stock price is $471.
Ulta Beauty has current market cap of $21.2B, and EV of $22.7B.
See Ulta Beauty trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $22.7B | $21.2B | XXX | XXX | XXX | XXX | $24.66 |
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Start Free TrialAs of May 30, 2025, Ulta Beauty has market cap of $21.2B and EV of $22.7B.
Ulta Beauty's trades at 2.0x EV/Revenue multiple, and 12.3x EV/EBITDA.
Equity research analysts estimate Ulta Beauty's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ulta Beauty has a P/E ratio of 18.4x.
See valuation multiples for Ulta Beauty and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21.2B | XXX | $21.2B | XXX | XXX | XXX |
| EV (current) | $22.7B | XXX | $22.7B | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 12.7x | XXX | 12.3x | XXX | XXX | XXX |
| EV/EBIT | 15.1x | XXX | 14.3x | XXX | XXX | XXX |
| EV/Gross Profit | 5.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 18.4x | XXX | 17.5x | XXX | XXX | XXX |
| EV/FCF | 24.1x | XXX | 23.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialUlta Beauty's last 12 month revenue growth is 4%
Ulta Beauty's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $48K for the same period.
Ulta Beauty's rule of 40 is 20% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ulta Beauty's rule of X is 25% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Ulta Beauty and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | -4% | XXX | -3% | XXX | XXX | XXX |
| Rule of 40 | 20% | XXX | 20% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 25% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $48K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 25% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ADNOC | XXX | XXX | XXX | XXX | XXX | XXX |
| Lulu Retail | XXX | XXX | XXX | XXX | XXX | XXX |
| Envela | XXX | XXX | XXX | XXX | XXX | XXX |
| Adairs | XXX | XXX | XXX | XXX | XXX | XXX |
| Eagers Automotive | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Ulta Beauty acquired XXX companies to date.
Last acquisition by Ulta Beauty was XXXXXXXX, XXXXX XXXXX XXXXXX . Ulta Beauty acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Ulta Beauty founded? | Ulta Beauty was founded in 2016. |
| Where is Ulta Beauty headquartered? | Ulta Beauty is headquartered in United States of America. |
| How many employees does Ulta Beauty have? | As of today, Ulta Beauty has 58K+ employees. |
| Who is the CEO of Ulta Beauty? | Ulta Beauty's CEO is Ms. Kecia L. Steelman. |
| Is Ulta Beauty publicy listed? | Yes, Ulta Beauty is a public company listed on NAS. |
| What is the stock symbol of Ulta Beauty? | Ulta Beauty trades under ULTA ticker. |
| When did Ulta Beauty go public? | Ulta Beauty went public in 2007. |
| Who are competitors of Ulta Beauty? | Similar companies to Ulta Beauty include e.g. ADNOC, Lulu Retail, Envela, Adairs. |
| What is the current market cap of Ulta Beauty? | Ulta Beauty's current market cap is $21.2B |
| What is the current revenue of Ulta Beauty? | Ulta Beauty's last 12 months revenue is $11.4B. |
| What is the current revenue growth of Ulta Beauty? | Ulta Beauty revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Ulta Beauty? | Current revenue multiple of Ulta Beauty is 2.0x. |
| Is Ulta Beauty profitable? | Yes, Ulta Beauty is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ulta Beauty? | Ulta Beauty's last 12 months EBITDA is $1.8B. |
| What is Ulta Beauty's EBITDA margin? | Ulta Beauty's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Ulta Beauty? | Current EBITDA multiple of Ulta Beauty is 12.7x. |
| What is the current FCF of Ulta Beauty? | Ulta Beauty's last 12 months FCF is $941M. |
| What is Ulta Beauty's FCF margin? | Ulta Beauty's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Ulta Beauty? | Current FCF multiple of Ulta Beauty is 24.1x. |
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