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With more than 1,400 freestanding stores and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and more than 600 individual brands. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. The firm intends to open franchises in Mexico in 2025. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
2016
58K+
LTM Revenue $11.4B
LTM EBITDA $1.8B
$17.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Ulta Beauty has a last 12-month revenue 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| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $10.2B | $11.2B | XXX | XXX | XXX |
| Gross Profit | $4.0B | $4.4B | XXX | XXX | XXX |
| Gross Margin | 40% | 39% | XXX | XXX | XXX |
| EBITDA | $1.9B | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 19% | 17% | XXX | XXX | XXX |
| Net Profit | $1.2B | $1.3B | XXX | XXX | XXX |
| Net Margin | 12% | 12% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Ulta Beauty's stock price is $366.
Ulta Beauty has current market cap of $16.6B, and EV of $17.8B.
See Ulta Beauty trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $17.8B | $16.6B | XXX | XXX | XXX | XXX | $24.85 |
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Sign UpAs of April 15, 2025, Ulta Beauty has market cap of $16.6B and EV of $17.8B.
Ulta Beauty's trades at 1.6x LTM EV/Revenue multiple, and 9.9x LTM EBITDA.
Analysts estimate Ulta Beauty's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Ulta Beauty and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $17.8B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 9.6x | XXX | XXX | XXX |
| P/E | 13.7x | XXX | XXX | XXX |
| P/E/Growth | -3.0x | XXX | XXX | XXX |
| EV/FCF | 18.4x | XXX | XXX | XXX |
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Sign UpUlta Beauty's NTM/LTM revenue growth is 3%
Ulta Beauty's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $48K for the same period.
Over next 12 months, Ulta Beauty's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Ulta Beauty's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Ulta Beauty and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 20% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $48K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | 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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Sign Up| 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 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 $16.6B |
| What is the current revenue of Ulta Beauty? | Ulta Beauty's last 12-month revenue is $11.4B. |
| What is the current EBITDA of Ulta Beauty? | Ulta Beauty's last 12-month EBITDA is $1.8B. |
| What is the current EV/Revenue multiple of Ulta Beauty? | Current revenue multiple of Ulta Beauty is 1.6x. |
| What is the current EV/EBITDA multiple of Ulta Beauty? | Current EBITDA multiple of Ulta Beauty is 9.9x. |
| What is the current revenue growth of Ulta Beauty? | Ulta Beauty revenue growth between 2023 and 2024 was 10%. |
| Is Ulta Beauty profitable? | Yes, Ulta Beauty is EBITDA-positive (as of the last 12 months). |
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