Ulta Beauty Inc (ULTA) — Tangible Net Worth Ratio
Ulta Beauty Inc (ULTA) has a Tangible Net Worth Ratio of 99.8% as of October 2025. This metric is calculated by deducting intangible assets ($6.09 Million) from net assets ($2.63 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Ulta Beauty Inc (ULTA) shareholders funds for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Ulta Beauty Inc Tangible Net Worth Ratio (2003–2025)
This chart shows how Ulta Beauty Inc's Tangible Net Worth Ratio has changed across 22 annual periods from 2003 to 2025. As of October 2025, the ratio stands at 99.8%, reflecting net assets of $2.63 Billion with intangible assets of $6.09 Million USD. Also explore how fast is Ulta Beauty Inc growing its equity to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Ulta Beauty Inc (2003–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Ulta Beauty Inc from 2003 to 2025, covering 22 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Ulta Beauty Inc market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $2.49 Billion | $204.00K | $6.00 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | $2.28 Billion | $510.00K | $5.71 Billion | ▲ +0.0 pp |
| 2023 | 99.9% | $1.96 Billion | $1.31 Million | $5.37 Billion | ▲ +0.0 pp |
| 2022 | 99.9% | $1.54 Billion | $1.54 Million | $4.76 Billion | ▲ +0.0 pp |
| 2021 | 99.9% | $2.00 Billion | $2.46 Million | $5.09 Billion | ▲ +0.1 pp |
| 2020 | 99.8% | $1.90 Billion | $3.39 Million | $4.86 Billion | ▲ +0.1 pp |
| 2019 | 99.8% | $1.82 Billion | $4.32 Million | $3.19 Billion | ▼ -0.2 pp |
| 2018 | 100.0% | $1.77 Billion | $0.00 | $2.91 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | $1.55 Billion | $0.00 | $2.55 Billion | ▲ +0.0 pp |
| 2016 | 100.0% | $1.44 Billion | $0.00 | $2.23 Billion | ▲ +0.0 pp |
| 2015 | 100.0% | $1.25 Billion | $0.00 | $1.98 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | $1.00 Billion | $0.00 | $1.60 Billion | ▲ +0.0 pp |
| 2013 | 100.0% | $786.94 Million | $0.00 | $1.28 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | $584.70 Million | $0.00 | $957.22 Million | ▲ +0.0 pp |
| 2011 | 100.0% | $402.53 Million | $0.00 | $730.49 Million | ▲ +0.0 pp |
| 2010 | 100.0% | $292.61 Million | $0.00 | $553.63 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $244.97 Million | $0.00 | $568.93 Million | ▲ +0.0 pp |
| 2008 | 100.0% | $211.50 Million | $0.00 | $469.41 Million | ▲ +0.0 pp |
| 2007 | 100.0% | $148.76 Million | $0.00 | $338.60 Million | ▲ +0.0 pp |
| 2006 | 100.0% | $123.02 Million | $0.00 | $282.62 Million | ▲ +0.0 pp |
| 2004 | 100.0% | $92.78 Million | $0.00 | $206.42 Million | ▲ +0.0 pp |
| 2003 | 100.0% | $87.36 Million | $0.00 | $195.06 Million | — |