Ulta Beauty (ULTA) FCF Margin (2010 - 2026)
Ulta Beauty (ULTA) posted FCF Margin of 21.4% for Q1 2026, up 3126.43% on a QoQ basis from 0.71% in Q4 2025, and down 620.0% year-over-year from 4.12% in Q1 2025.
Ulta Beauty (ULTA) FCF Margin (2010 - 2026) Analysis & Trends
Ulta Beauty's FCF Margin history runs 17 years deep, the most recent figure standing at 21.4% for Q1 2026.
- Quarterly FCF Margin fell 620.0% year-over-year to 21.4% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 8.62% (up 8.0% YoY) and the FY2026 annual result came in at 8.62%, up 8.0% from the prior year.
- FCF Margin was 21.4% for Q1 2026 at Ulta Beauty, up from 0.71% in the prior quarter.
- Across five years, FCF Margin topped out at 27.6% in Q1 2025 and bottomed at 11.99% in Q4 2024.
- A 5-year average of 9.46% and a median of 6.73% in 2025 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2024 — FCF Margin tumbled 1520 bps — and 2025, when it soared 1128 bps.
- Ulta Beauty's FCF Margin stood at 5.1% in 2022, then tumbled by 37 bps to 3.21% in 2023, then sank by 473 bps to 11.99% in 2024, then jumped by 94 bps to 0.71% in 2025, then jumped by 3126 bps to 21.4% in 2026.
- Business Quant data shows ULTA's FCF Margin at 21.4% in Q1 2026, 0.71% in Q4 2025, and 2.23% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.43 Bn | 31.91 Bn | 1.08 Bn | 8.44% |
| 2 | NaaS Technology | 31.54 Bn | 31.54 Bn | - | - |
| 3 | Williams Sonoma | 28.17 Bn | 27.15 Bn | 1.10 Bn | 32.77% |
| 4 | Ulta Beauty | 23.05 Bn | 22.56 Bn | 1.48 Bn | 21.40% |
| 5 | Best Buy | 18.23 Bn | 16.48 Bn | 2.10 Bn | 2.41% |
| 6 | Dick'S Sporting Goods | 16.52 Bn | 15.17 Bn | 1.77 Bn | 26.44% |
| 7 | MINISO Group Holding | 15.94 Bn | 14.87 Bn | 414.86 Mn | - |
| 8 | Tractor Supply | 15.92 Bn | 15.70 Bn | 1.30 Bn | -3.10% |
| 9 | Five Below | 12.14 Bn | 11.21 Bn | 696.98 Mn | 23.15% |
| 10 | Murphy USA | 11.31 Bn | 11.19 Bn | -3.64 Bn | 39.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 21.40% |
| Nov 1, 2025 | -0.71% |
| Aug 2, 2025 | 2.23% |
| May 3, 2025 | 6.73% |
| Feb 1, 2025 | 27.60% |
| Nov 2, 2024 | -11.99% |
| Aug 3, 2024 | 7.73% |
| May 4, 2024 | 3.95% |
| Feb 3, 2024 | 20.73% |
| Oct 28, 2023 | 3.21% |
| Jul 29, 2023 | 1.14% |
| Apr 29, 2023 | 7.41% |
| Jan 28, 2023 | 27.05% |
| Oct 29, 2022 | 5.10% |
| Jul 30, 2022 | 0.93% |
| Apr 30, 2022 | 17.00% |
| Jan 29, 2022 | 21.27% |
| Oct 30, 2021 | -1.89% |
| Jul 31, 2021 | 2.47% |
| May 1, 2021 | 15.24% |