Ulta Beauty Inc
Ulta Beauty, Inc. operates as a specialty beauty retailer in the United States, Mexico, and Kuwait. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. It also provide… Read more
Ulta Beauty Inc (ULTA) - Net Assets
Latest net assets as of October 2025: $2.63 Billion USD
Based on the latest financial reports, Ulta Beauty Inc (ULTA) has net assets worth $2.63 Billion USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.01 Billion) and total liabilities ($4.38 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.63 Billion |
| % of Total Assets | 37.55% |
| Annual Growth Rate | 16.44% |
| 5-Year Change | 24.45% |
| 10-Year Change | 72.46% |
| Growth Volatility | 15.53 |
Ulta Beauty Inc - Net Assets Trend (2003–2025)
This chart illustrates how Ulta Beauty Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ulta Beauty Inc (2003–2025)
The table below shows the annual net assets of Ulta Beauty Inc from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-01-31 | $2.49 Billion | +9.17% |
| 2024-01-31 | $2.28 Billion | +16.30% |
| 2023-01-31 | $1.96 Billion | +27.64% |
| 2022-01-31 | $1.54 Billion | -23.21% |
| 2021-01-31 | $2.00 Billion | +5.12% |
| 2020-01-31 | $1.90 Billion | +4.50% |
| 2019-01-31 | $1.82 Billion | +2.59% |
| 2018-01-31 | $1.77 Billion | +14.45% |
| 2017-01-31 | $1.55 Billion | +7.44% |
| 2016-01-31 | $1.44 Billion | +15.66% |
| 2015-01-31 | $1.25 Billion | +24.37% |
| 2014-01-31 | $1.00 Billion | +27.47% |
| 2013-01-31 | $786.94 Million | +34.59% |
| 2012-01-31 | $584.70 Million | +45.26% |
| 2011-01-31 | $402.53 Million | +37.57% |
| 2010-01-31 | $292.61 Million | +19.45% |
| 2009-01-31 | $244.97 Million | +15.82% |
| 2008-01-31 | $211.50 Million | +42.18% |
| 2007-01-31 | $148.76 Million | +20.93% |
| 2006-01-31 | $123.02 Million | +32.59% |
| 2004-01-31 | $92.78 Million | +6.20% |
| 2003-01-31 | $87.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ulta Beauty Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 147390900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.47 Billion | 59.23% |
| Common Stock | $468.00K | 0.02% |
| Other Components | $1.01 Billion | 40.75% |
| Total Equity | $2.49 Billion | 100.00% |
Ulta Beauty Inc Competitors by Market Cap
The table below lists competitors of Ulta Beauty Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Weichai Power Co Ltd Class A
SHE:000338
|
$22.85 Billion |
|
Terna Rete Elettrica Nazionale
PINK:TEZNY
|
$22.88 Billion |
|
Volkswagen AG
PINK:VLKAF
|
$22.93 Billion |
|
CRRC Corporation Limited
PINK:CRCCY
|
$22.96 Billion |
|
Grupo Financiero Banorte S.A.B. de C.V
OTCQX:GBOOF
|
$22.83 Billion |
|
International Container Terminal Services, Inc.
OTCGREY:ICTEY
|
$22.80 Billion |
|
Amadeus IT
LSE:0P2W
|
$22.77 Billion |
|
RWE AG PK
PINK:RWEOY
|
$22.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ulta Beauty Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,279,328,000 to 2,488,353,000, a change of 209,025,000 (9.2%).
- Net income of 1,201,118,000 contributed positively to equity growth.
- Share repurchases of 1,027,089,000 reduced equity.
- Other factors increased equity by 34,996,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.20 Billion | +48.27% |
| Share Repurchases | $1.03 Billion | -41.28% |
| Other Changes | $35.00 Million | +1.41% |
| Total Change | $- | 9.17% |
Book Value vs Market Value Analysis
This analysis compares Ulta Beauty Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 23.43x to 9.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-01-31 | $22.06 | $516.74 | x |
| 2004-01-31 | $39.80 | $516.74 | x |
| 2006-01-31 | $2.55 | $516.74 | x |
| 2007-01-31 | $2.98 | $516.74 | x |
| 2008-01-31 | $3.97 | $516.74 | x |
| 2009-01-31 | $4.15 | $516.74 | x |
| 2010-01-31 | $4.94 | $516.74 | x |
| 2011-01-31 | $6.57 | $516.74 | x |
| 2012-01-31 | $9.23 | $516.74 | x |
| 2013-01-31 | $12.22 | $516.74 | x |
| 2014-01-31 | $15.56 | $516.74 | x |
| 2015-01-31 | $19.30 | $516.74 | x |
| 2016-01-31 | $22.45 | $516.74 | x |
| 2017-01-31 | $24.66 | $516.74 | x |
| 2018-01-31 | $28.63 | $516.74 | x |
| 2019-01-31 | $30.25 | $516.74 | x |
| 2020-01-31 | $32.74 | $516.74 | x |
| 2021-01-31 | $35.35 | $516.74 | x |
| 2022-01-31 | $28.00 | $516.74 | x |
| 2023-01-31 | $37.88 | $516.74 | x |
| 2024-01-31 | $45.96 | $516.74 | x |
| 2025-01-31 | $52.49 | $516.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ulta Beauty Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 48.27%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.63%
- • Asset Turnover: 1.88x
- • Equity Multiplier: 2.41x
- Recent ROE (48.27%) is above the historical average (26.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 11.10% | 2.68% | 1.86x | 2.23x | $960.10K |
| 2004 | 5.48% | 1.20% | 2.05x | 2.22x | $-4.19 Million |
| 2006 | 12.98% | 2.76% | 2.05x | 2.30x | $3.67 Million |
| 2007 | 15.15% | 2.99% | 2.23x | 2.28x | $7.67 Million |
| 2008 | 11.98% | 2.78% | 1.94x | 2.22x | $4.18 Million |
| 2009 | 10.31% | 2.33% | 1.91x | 2.32x | $771.20K |
| 2010 | 13.45% | 3.22% | 2.21x | 1.89x | $10.10 Million |
| 2011 | 17.65% | 4.88% | 1.99x | 1.81x | $30.78 Million |
| 2012 | 20.57% | 6.77% | 1.86x | 1.64x | $61.79 Million |
| 2013 | 21.93% | 7.77% | 1.74x | 1.62x | $93.85 Million |
| 2014 | 20.22% | 7.60% | 1.67x | 1.60x | $102.54 Million |
| 2015 | 20.61% | 7.93% | 1.63x | 1.59x | $132.38 Million |
| 2016 | 22.18% | 8.15% | 1.76x | 1.55x | $175.72 Million |
| 2017 | 26.43% | 8.44% | 1.90x | 1.65x | $254.74 Million |
| 2018 | 31.29% | 9.44% | 2.02x | 1.64x | $377.81 Million |
| 2019 | 36.18% | 9.80% | 2.10x | 1.75x | $476.54 Million |
| 2020 | 37.11% | 9.54% | 1.52x | 2.56x | $515.74 Million |
| 2021 | 8.79% | 2.86% | 1.21x | 2.55x | $-24.12 Million |
| 2022 | 64.21% | 11.42% | 1.81x | 3.10x | $832.30 Million |
| 2023 | 63.39% | 12.17% | 1.90x | 2.74x | $1.05 Billion |
| 2024 | 56.64% | 11.52% | 1.96x | 2.50x | $1.06 Billion |
| 2025 | 48.27% | 10.63% | 1.88x | 2.41x | $952.28 Million |
Industry Comparison
This section compares Ulta Beauty Inc's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $1,092,445,058
- Average return on equity (ROE) among peers: 24.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ulta Beauty Inc (ULTA) | $2.63 Billion | 11.10% | 1.66x | $22.83 Billion |
| Able View Global Inc. Class B Ordinary Shares (ABLV) | $11.42 Million | 85.41% | 3.81x | $9.13 Million |
| Alimentation Couchen Tard Inc A (ANCTF) | $3.98 Billion | 20.40% | 1.65x | $37.28 Billion |
| Arhaus Inc (ARHS) | $343.75 Million | 19.94% | 2.51x | $376.53 Million |
| Arko Corp (ARKO) | $353.68 Million | 16.74% | 7.32x | $237.75 Million |
| Academy Sports Outdoors Inc (ASO) | $2.00 Billion | 20.88% | 1.45x | $3.72 Billion |
| BARK, Inc. (BARK) | $-75.40 Million | 0.00% | 0.00x | $91.13 Million |
| Build-A-Bear Workshop Inc (BBW) | $99.41 Million | 27.51% | 1.21x | $422.22 Million |
| Bath & Body Works Inc. (BBWI) | $2.18 Billion | 20.51% | 2.28x | $4.16 Billion |
| Best Buy Co. Inc (BBY) | $1.82 Billion | 21.73% | 1.66x | $12.22 Billion |
| Big 5 Sporting Goods Corporation (BGFV) | $205.04 Million | 8.24% | 1.11x | $29.90 Million |