Ulta Beauty, Inc. (ULTA)财务
NASDAQ · Consumer Cyclical · Specialty Retail · 员工65,000人 · CEO Kecia L. Steelman
- 股价
- $644.76 -0.78%
- 市值
- $276亿
- 企业价值
- $299亿
- 最近财报
- Q2 '26 2026-08-27提交
- 下次财报
- 2026-12-03 EPS预期 $5.63
营收(TTM)$130亿+11.2% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)12.6%-1.1 百分点 对比去年同期营业利润 $16.3亿
净利润(TTM)$12.1亿+0.7% 对比去年同期税后,含营业外收益
自由现金流(TTM)$10.7亿+12.1% 对比去年同期资本支出 $5.06亿
稀释EPS(TTM)$27.47+5.3% 对比去年同期最近4个季度之和
净现金-$23.1亿-13.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $276亿 EV $299亿
- 营收
- $130亿 过去12个月
- 营收增速
- +7% FY2027年一致预期
- 净利润率
- 9.3% 净利润 / 营收,TTM
- P/E
- 23.4× 预期 22.2×(FY2027)
- P/S
- 2.1× 股价 / 营收,TTM
- EV / EBITDA
- 15.4× TTM
- 自由现金流
- $10.7亿 过去12个月
- 净利润
- $12.1亿 过去12个月
- 营收预期
- $133亿 FY2027年一致预期
- 盈利
- 2026-12-03 营收预期 $29.9亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-27):营收超预期1.6%,EPS 超预期5.3%营收$30.4亿,预期$29.9亿(+1.6%);EPS $6.55,预期$6.22(+5.3%)。
- 营收增长放缓:同比8.9%Q2 '26营收$30.4亿,此前四个季度的平均值为11.3%。
- 营业利润率12.6%(TTM),较去年同期-1.1 百分点营收增长11.2%,营业利润增长2.0%。
- 资本支出占营收的3.9%(去年为3.0%)最近4个季度投入$5.06亿(同比+46.9%)。自由现金流$10.7亿,相当于净利润的88.2%。
- 股东回报$14.1亿 = 自由现金流的132.4%回购$14.1亿(去年为$9.94亿),股息$0,股权激励$4810万(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少3.5%Q2 '26稀释股数4350万,一年前为4510万。
- 净债务 $23.1亿现金 + 短期投资 $2.13亿,含租赁债务 $25.2亿;一年前净债务 $20.5亿。
上一季度:Q2 '26
截至2026-08-01的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $30.4亿 | $27.9亿 | +8.9% |
| 毛利率 | 39.1% | 39.2% | -0.1 百分点 |
| 营业利润 | $3.84亿 | $3.5亿 | +9.8% |
| 营业利润率 | 12.7% | 12.6% | +0.1 百分点 |
| 净利润 | $2.82亿 | $2.61亿 | +8.1% |
| 稀释EPS | $6.57 | $5.78 | +13.7% |
| 经营现金流 | $1.2亿 | $9650万 | +24.0% |
| 资本支出 | $8130万 | $7700万 | +5.6% |
| 自由现金流 | $3840万 | $1960万 | +96.5% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1060万 | $892万 | +18.5% |
实际 vs 一致预期
2026-08-27| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $30.4亿 | $29.9亿 | +1.6% |
| EPS(一致预期口径) | $6.55 | $6.22 | +5.3% |
来自2026-08-27发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $15.7亿
- 资本支出
- -$5.06亿
- 股票回购
- -$14.1亿
- 股息
- $0
- 收购
- -$2万
- 债务净发行
- $5.41亿
- 股权激励费用
- $4810万
- 自由现金流
- $10.7亿
- 股东回报 / FCF
- 132.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 23.4× | 20.3× | 16.2× – 25.2× |
| EV / EBITDA | 15.4× | 13.8× | 11.2× – 16.8× |
| EV / 营收 | 2.3× | 2.3× | 1.8× – 2.7× |
| 股价 / FCF | 25.8× | 23.1× | 20.2× – 27.2× |
| 股价 / 净资产 | 10.6× | 11.0× | 7.8× – 13.3× |
| FCF收益率 | 3.9% | 4.4% | 3.7% – 5.0% |
| 投入资本回报率 | 23.1% | 27.5% | 22.8% – 31.4% |
| 净资产收益率 | 45.4% | 54.7% | 41.1% – 64.2% |
分析师
一致目标价 $630.27 (-2.2%)
区间 $525.00 – $731.00 · 评级 Buy
强烈买入1
买入27
持有19
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $133亿 | +7.2% | $29.02 | +13.2% | 22.2× | 16 |
| FY2028 | $140亿 | +5.1% | $32.19 | +10.9% | 20.0× | 16 |
| FY2029 | $147亿 | +5.1% | $35.56 | +10.5% | 18.1× | 9 |
| FY2030 | $155亿 | +5.9% | $39.79 | +11.9% | 16.2× | 3 |
| FY2031 | $164亿 | +5.3% | $44.40 | +11.6% | 14.5× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Ulta Beauty, Inc.在近期10-Q / 10-K文件中标记的全部203项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $6.46亿 | $7.09亿 | -8.8% | $6.86亿 | $5.64亿 | +21.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $2.96亿2026-01-31 | $2.23亿 | +32.6% | $2.96亿 | $2.23亿 | +32.6% |
| Accounts Receivable, Allowance for Credit Loss, Current | $63.7万2026-01-31 | $140万 | -54.6% | $63.7万 | $140万 | -54.6% |
| Accrual for Taxes Other than Income Taxes, Current | $7510万2026-01-31 | $6070万 | +23.6% | $7510万 | $6070万 | +23.6% |
| Accrued Advertising, Current | $5350万2026-01-31 | $4660万 | +14.9% | $5350万 | $4660万 | +14.9% |
| Accrued Income Taxes, Current | $1.33亿2026-05-02 | $1.31亿 | +1.4% | $3570万 | $4680万 | -23.6% |
| Accrued Liabilities, Current | $4.4亿 | $4.6亿 | -4.3% | $5.51亿 | $3.8亿 | +45.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $24.1亿2026-01-31 | $21.5亿 | +12.0% | $24.1亿 | $21.5亿 | +12.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$288万 | – | – | $376万 | – | – |
| Additional Paid in Capital, Common Stock | $12.1亿 | $11.5亿 | +5.0% | $11.8亿 | $11.2亿 | +5.5% |
| Advertising Expense | $9760万 | $8060万 | +21.0% | $4.91亿 | $4.31亿 | +13.8% |
| Amortization of Intangible Assets | – | – | – | $20.4万 | $30.6万 | -33.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 36.2万 | 21.7万 | +66.8% | 16.4万 | 19.7万 | -16.8% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1060万 | $892万 | +18.5% | $3740万 | $4280万 | -12.5% |
| Assets | $69.6亿 | $66.3亿 | +5.0% | $70亿 | $60亿 | +16.6% |
| Assets, Current | $30.7亿 | $30.7亿 | 0.0% | $31.4亿 | $30.3亿 | +3.8% |
| Capital Expenditures Incurred but Not yet Paid | -$162万 | $3430万 | -104.7% | $3470万 | $2260万 | +53.6% |
| Capitalized Computer Software, Amortization | – | – | – | $1.55亿 | $1.26亿 | +23.2% |
| Cash | $3.11亿2026-01-31 | $6.11亿 | -49.1% | $3.11亿 | $6.11亿 | -49.1% |
| Cash and Cash Equivalents, at Carrying Value | $1.58亿 | $2.43亿 | -34.7% | $4.24亿 | $7.03亿 | -39.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.58亿 | $2.43亿 | -34.7% | $4.24亿 | $7.03亿 | -39.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$785万 | -$2.12亿 | +96.3% | -$2.79亿 | -$6340万 | -340.0% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 4亿 | 4亿 | 0.0% | 4亿 | 4亿 | 0.0% |
| Common Stock, Shares, Issued | 4370万 | 4580万 | -4.5% | 4500万 | 4680万 | -3.8% |
| Common Stock, Shares, Outstanding | 4280万 | 4490万 | -4.6% | 4420万 | 4600万 | -3.9% |
| Common Stock, Value, Issued | $43.7万 | $45.8万 | -4.6% | $45万 | $46.8万 | -3.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.79亿 | $2.61亿 | +7.0% | $11.6亿 | $12亿 | -3.7% |
| Contract with Customer, Liability | $5.33亿 | $4.52亿 | +17.9% | $5.74亿 | $4.93亿 | +16.5% |
| Contract with Customer, Liability, Current | $5.42亿 | $4.6亿 | +17.9% | $5.82亿 | $5.01亿 | +16.3% |
| Contract with Customer, Liability, Revenue Recognized | $1.56亿 | $1.27亿 | +22.5% | $3.33亿 | $2.98亿 | +11.6% |
| Contractual Obligation | $1200万2026-01-31 | $1680万 | -28.6% | $1200万 | $1680万 | -28.6% |
| Cost of Revenue | $18.5亿 | $17亿 | +9.0% | $75.5亿 | $69.1亿 | +9.3% |
| Credit and Debit Card Receivables, at Carrying Value | $9810万2026-01-31 | $9190万 | +6.6% | $9810万 | $9190万 | +6.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3亿 | $3.48亿 | -14.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $390万 | – | – |
| Current Income Tax Expense (Benefit) | – | – | – | $3.76亿 | $4.22亿 | -11.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $7210万 | $7380万 | -2.4% |
| Debt, Weighted Average Interest Rate | 6.4%2025-11-01 | 7.2% | -10.2% | – | – | – |
| Deferred Compensation Cash-based Arrangements, Liability, Classified, Noncurrent | $4250万2026-01-31 | $4310万 | -1.5% | $4250万 | $4310万 | -1.5% |
| Deferred Compensation Plan Assets | $5680万 | $5060万 | +12.4% | $5340万 | $4800万 | +11.3% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $214万 | -$3140万 | +106.8% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $50.8万 | – | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$164万 | -$4330万 | +96.2% |
| Deferred Income Tax Liabilities, Net | $9940万 | $4920万 | +102.2% | $9880万 | $4260万 | +131.9% |
| Deferred Revenue | $944万 | $822万 | +14.8% | $834万 | $768万 | +8.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$428万 | -$1190万 | +64.1% |
| Deferred Tax Assets, Gross | $6.83亿2026-01-31 | $6.31亿 | +8.4% | $6.83亿 | $6.31亿 | +8.4% |
| Deferred Tax Assets, Inventory | $1210万2026-01-31 | $417万 | +190.9% | $1210万 | $417万 | +190.9% |
| Deferred Tax Assets, Net of Valuation Allowance | $6.8亿2026-01-31 | $6.31亿 | +7.9% | $6.8亿 | $6.31亿 | +7.9% |
| Deferred Tax Assets, Operating Loss Carryforwards | $16.4万2026-01-31 | $19.7万 | -16.8% | $16.4万 | $19.7万 | -16.8% |
| Deferred Tax Assets, Other | $180万2026-01-31 | – | – | $180万 | – | – |
| Deferred Tax Assets, Tax Credit Carryforwards | $64.8万2026-01-31 | $39万 | +66.2% | $64.8万 | $39万 | +66.2% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | $3330万2026-01-31 | $3310万 | +0.5% | $3330万 | $3310万 | +0.5% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $6250万2026-01-31 | $4960万 | +26.0% | $6250万 | $4960万 | +26.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Reserves | $5630万2026-01-31 | $5040万 | +11.8% | $5630万 | $5040万 | +11.8% |
| Deferred Tax Assets, Valuation Allowance | $301万2026-01-31 | – | – | $301万 | – | – |
| Deferred Tax Liabilities, Gross | $7.79亿2026-01-31 | $6.73亿 | +15.7% | $7.79亿 | $6.73亿 | +15.7% |
| Deferred Tax Liabilities, Intangible Assets | $5030万2026-01-31 | – | – | $5030万 | – | – |
| Deferred Tax Liabilities, Net | $9880万2026-01-31 | $4260万 | +131.9% | $9880万 | $4260万 | +131.9% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-08-01, 10-Q 2026-05-02, 10-K 2026-01-31, 10-Q 2025-11-01, 10-Q 2025-08-02, 10-Q 2025-05-03, 10-K 2025-02-01, 10-Q 2024-11-02, 10-Q 2024-08-03
数据截至 2026-11-09