Ulta Beauty (ULTA) EBITDA Margin (2010 - 2026)

Ulta Beauty (ULTA) posted EBITDA Margin of 12.23% for Q1 2026, up 12.99% on a QoQ basis from 10.83% in Q4 2025, and down 257.0% year-over-year from 7.79% in Q1 2025.

Ulta Beauty (ULTA) EBITDA Margin (2010 - 2026) Analysis & Trends

Ulta Beauty's EBITDA Margin history runs 17 years deep, the most recent figure standing at 12.23% for Q1 2026.

  • Quarterly EBITDA Margin fell 257.0% year-over-year to 12.23% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 12.37% (down 148.0% YoY) and the FY2026 annual result came in at 12.37%, down 148.0% from the prior year.
  • EBITDA Margin was 12.23% for Q1 2026 at Ulta Beauty, up from 10.83% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 18.66% in Q2 2022 and bottomed at 10.83% in Q4 2025.
  • A 5-year average of 14.31% and a median of 14.11% in 2025 frame the typical range for EBITDA Margin.
  • Annual changes were most pronounced in 2022 — EBITDA Margin surged 356 bps — and 2024, when it plunged 258 bps.
  • Ulta Beauty's EBITDA Margin stood at 15.47% in 2022, then declined by 15 bps to 13.15% in 2023, then dropped by 4 bps to 12.59% in 2024, then decreased by 14 bps to 10.83% in 2025, then grew by 13 bps to 12.23% in 2026.
  • Business Quant data shows ULTA's EBITDA Margin at 12.23% in Q1 2026, 10.83% in Q4 2025, and 12.37% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 Caseys General Stores 32.43 Bn 31.91 Bn 1.08 Bn 7.66%
2 NaaS Technology 31.54 Bn 31.54 Bn - -
3 Williams Sonoma 28.17 Bn 27.15 Bn 1.10 Bn 20.27%
4 Ulta Beauty 23.05 Bn 22.56 Bn 1.48 Bn 12.23%
5 Best Buy 18.23 Bn 16.48 Bn 2.10 Bn 4.14%
6 Dick'S Sporting Goods 16.52 Bn 15.17 Bn 1.77 Bn 2.96%
7 MINISO Group Holding 15.94 Bn 14.87 Bn 414.86 Mn 14.56%
8 Tractor Supply 15.92 Bn 15.70 Bn 1.30 Bn 6.50%
9 Five Below 12.14 Bn 11.21 Bn 696.98 Mn 17.99%
10 Murphy USA 11.31 Bn 11.19 Bn -3.64 Bn 36.32%

Historic Data

Download Data
DateValue
Jan 31, 2026 12.23%
Nov 1, 2025 10.83%
Aug 2, 2025 12.37%
May 3, 2025 14.11%
Feb 1, 2025 14.80%
Nov 2, 2024 12.59%
Aug 3, 2024 12.90%
May 4, 2024 14.71%
Feb 3, 2024 14.55%
Oct 28, 2023 13.15%
Jul 29, 2023 15.48%
Apr 29, 2023 16.78%
Jan 28, 2023 13.87%
Oct 29, 2022 15.47%
Jul 30, 2022 17.04%
Apr 30, 2022 18.66%
Jan 29, 2022 13.76%
Oct 30, 2021 14.24%
Jul 31, 2021 16.89%
May 1, 2021 15.75%