Ulta Beauty Inc (ULTA) — Free Cash Flow Generation Index
Ulta Beauty Inc (ULTA) has a Free Cash Flow Generation Index of -16.89x as of October 2025. Free cash flow of $-82.40 Million represents -17% of operating cash flow ($4.88 Million). Explore Ulta Beauty Inc capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Ulta Beauty Inc Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Ulta Beauty Inc across 22 annual periods. For the full cash flow conversion analysis, see ULTA cash flow metrics.
Annual Free Cash Flow Generation for Ulta Beauty Inc (2003–2025)
Year-by-year Free Cash Flow Generation Index for Ulta Beauty Inc. Check Ulta Beauty Inc total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.72x | $964.15 Million | $1.34 Billion | $374.46 Million | ▲ +2.1% |
| 2024 | 0.71x | $1.04 Billion | $1.48 Billion | $435.27 Million | ▼ -10.7% |
| 2023 | 0.79x | $1.17 Billion | $1.48 Billion | $312.13 Million | ▼ -5.7% |
| 2022 | 0.84x | $887.08 Million | $1.06 Billion | $172.19 Million | ▲ +3.1% |
| 2021 | 0.81x | $658.49 Million | $810.36 Million | $151.87 Million | ▲ +11.5% |
| 2020 | 0.73x | $802.76 Million | $1.10 Billion | $298.53 Million | ▲ +9.5% |
| 2019 | 0.67x | $636.73 Million | $956.13 Million | $319.40 Million | ▲ +53.3% |
| 2018 | 0.43x | $338.65 Million | $779.37 Million | $440.71 Million | ▲ +5.6% |
| 2017 | 0.41x | $260.94 Million | $634.38 Million | $373.45 Million | ▲ +101.6% |
| 2016 | 0.20x | $76.71 Million | $375.87 Million | $299.17 Million | ▼ -45.1% |
| 2015 | 0.37x | $147.53 Million | $396.59 Million | $249.07 Million | ▲ +19.9% |
| 2014 | 0.31x | $101.70 Million | $327.73 Million | $226.02 Million | ▲ +47.1% |
| 2013 | 0.21x | $50.42 Million | $239.00 Million | $188.58 Million | ▼ -49.5% |
| 2012 | 0.42x | $92.25 Million | $220.89 Million | $128.64 Million | ▼ -7.2% |
| 2011 | 0.45x | $79.43 Million | $176.54 Million | $97.11 Million | ▼ -25.7% |
| 2010 | 0.61x | $104.72 Million | $172.83 Million | $68.11 Million | ▲ +227.8% |
| 2009 | -0.47x | $-35.66 Million | $75.20 Million | $110.86 Million | ▲ +59.5% |
| 2008 | -1.17x | $-54.96 Million | $46.91 Million | $101.87 Million | ▼ -872.7% |
| 2007 | -0.12x | $-6.70 Million | $55.63 Million | $62.33 Million | ▼ -13.1% |
| 2006 | -0.11x | $-4.01 Million | $37.60 Million | $41.61 Million | ▲ +97.9% |
| 2004 | -4.97x | $-25.27 Million | $5.08 Million | $30.35 Million | ▼ -171.8% |
| 2003 | -1.83x | $-17.73 Million | $9.70 Million | $27.43 Million | — |