ULTA · Nasdaq · fiscal year 2026
Ulta Beauty, Inc. (ULTA): EPS, book value and free cash flow per share
Figures from the annual report filed with the SEC on March 26, 2026, with the standard per-share arithmetic worked out. No share price is shown.
DILUTED EPS · FY2026
$25.64
earnings per share, as reported (January 31, 2026)
- Book value per share
- $62.31 equity ÷ diluted shares
- Free cash flow per share
- $23.74 operating cash flow − capital spending
- Graham number
- $189.60 √(22.5 × EPS × BVPS), arithmetic only
What the filing shows
Ulta Beauty, Inc. (ULTA) reported diluted earnings per share of $25.64 for the fiscal year ended January 31, 2026, on revenue of $12.39 billion and net income of $1.15 billion.
Shareholders' equity was $2.80 billion, which over 45.0 million weighted-average diluted shares is $62.31 of book value per share.
Operating cash flow of $1.50 billion less capital spending of $434.8 million leaves free cash flow of $1.07 billion, or $23.74 per share.
The Graham number from these filed figures is $189.60: the square root of 22.5 × $25.64 EPS × $62.31 book value per share. It is the output of a 1949 formula, not a price target or an opinion.
Diluted EPS by year
Reported diluted EPS for each of the last 5 fiscal years. The table below has every figure.
How to read these figures
Revenue went from $8.63 billion to $12.39 billion over the 5 fiscal years shown, a compound change of 9.5% a year.
Net income was 9.3% of revenue in FY2026.
Net income divided by year-end equity (return on equity) was 41.1%.
Treat each of these as a description of the past year, not a view about the future; the calculators let you add your own assumptions.
Five fiscal years
| Year | Revenue | Net income | Diluted EPS | Book value / share | Free cash flow / share |
|---|---|---|---|---|---|
| FY20262026-01-31 | $12.4B | $1.2B | $25.64 | $62.31 | $23.74 |
| FY20252025-02-01 | $11.3B | $1.2B | $25.34 | $52.49 | $20.34 |
| FY20242024-02-03 | $11.2B | $1.3B | $26.03 | $45.96 | $20.99 |
| FY20232023-01-28 | $10.2B | $1.2B | $24.01 | $37.88 | $22.61 |
| FY20222022-01-29 | $8.6B | $985.8M | $17.98 | $28.00 | $16.18 |
Per-share book value and free cash flow use that year's weighted-average diluted shares. Blank cells (n/a) mean the company did not report the item under the standard tag we read.
Questions
What was ULTA's earnings per share?
Diluted EPS was $25.64 for the fiscal year ended January 31, 2026, as reported in the annual report filed March 26, 2026.
How is book value per share calculated for ULTA?
Shareholders' equity of $2.80 billion divided by weighted-average diluted shares of 45.0 million gives $62.31. Using period-end shares outstanding instead would give a slightly different figure.
Does this page rate ULTA or say what its shares are worth?
No. It republishes figures the company filed and shows arithmetic on them. It does not rate, rank or recommend any security, and it does not show a share price.
Other company pages
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Educational information only, not investment advice. These are figures the company reported, reproduced and divided; the page forms no view on the company or its shares. Company-reported data can contain errors or later restatements; check the filing.
Source: U.S. Securities and Exchange Commission, EDGAR XBRL companyfacts for CIK 0001403568, annual report (Form 10-K) accession 0001104659-26-035243, retrieved November 2, 2026. SEC data is public information; see data and method. XBRL tags read: see below.
XBRL tags used
- EPS:
EarningsPerShareDiluted - Equity:
StockholdersEquity - Diluted shares:
WeightedAverageNumberOfDilutedSharesOutstanding - Revenue:
Revenues - Net income:
NetIncomeLoss - Operating cash flow:
NetCashProvidedByUsedInOperatingActivities - Capital spending:
PaymentsToAcquirePropertyPlantAndEquipment