TTM
8.2%
YoY change
+0.08pp
Trough year (2007)
-6.0%
Peak year (2022)
11.5%
Latest annual
8.6%
FCF Margin history chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: 8.6%
FCF Margin change chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: +0.08pp
FCF Margin history table for Ulta Beauty (ULTA) from 2002 to 2025
| 2025 | 8.6% | +0.08pp | ||
| 2024 | 8.5% | -0.75pp | ||
| 2023 | 9.3% | -2.17pp | ||
| 2022 | 11.5% | +1.18pp | ||
| 2021 | 10.3% | -0.43pp | ||
| 2020 | 10.7% | -0.15pp | ||
| 2019 | 10.9% | +1.37pp | ||
| 2018 | 9.5% | +3.72pp | ||
| 2017 | 5.8% | +0.38pp | ||
| 2016 | 5.4% | +3.42pp | ||
| 2015 | 2.0% | -2.60pp | ||
| 2014 | 4.6% | +0.74pp | ||
| 2013 | 3.8% | +1.54pp | ||
| 2012 | 2.3% | -2.92pp | ||
| 2011 | 5.2% | -0.27pp | ||
| 2010 | 5.5% | -3.10pp | ||
| 2009 | 8.6% | +11.85pp | ||
| 2008 | -3.3% | +2.74pp | ||
| 2007 | -6.0% | -5.14pp | ||
| 2006 | -0.9% | -0.20pp | ||
| 2005 | -0.7% | — | ||
| 2003 | 0.0% | 0.00pp | ||
| 2002 | 0.0% | — |
- 20258.6%+0.08pp
- 20248.5%-0.75pp
- 20239.3%-2.17pp
- 202211.5%+1.18pp
- 202110.3%-0.43pp
- 202010.7%-0.15pp
- 201910.9%+1.37pp
- 20189.5%+3.72pp
- 20175.8%+0.38pp
- 20165.4%+3.42pp
- 20152.0%-2.60pp
- 20144.6%+0.74pp
- 20133.8%+1.54pp
- 20122.3%-2.92pp
- 20115.2%-0.27pp
- 20105.5%-3.10pp
- 20098.6%+11.85pp
- 2008-3.3%+2.74pp
- 2007-6.0%-5.14pp
- 2006-0.9%-0.20pp
- 2005-0.7%—
- 20030.0%0.00pp
- 20020.0%—
FCF Margin values are taken from Ulta Beauty's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Ulta Beauty (ULTA)
According to Ulta Beauty's latest reported financial statements, the company's latest reported free cash flow margin is 8.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for Ulta Beauty (ULTA) came in at 8.62% – expanded 0.1 percentage points year-over-year.
11.46% stands as the all-time-high annual free cash flow margin, posted in 2022, against a low of -6.03% during 2007.
Ulta Beauty FCF Margin by Year
Ulta Beauty FCF Margin 2025: 8.6%
2025's free cash flow margin for Ulta Beauty came in at 8.62%, expanded 0.1 percentage points from 2024.
Ulta Beauty FCF Margin 2024: 8.5%
Ulta Beauty posted free cash flow margin of 8.54% in 2024, contracted 0.8 percentage points from 2023.
Ulta Beauty FCF Margin 2023: 9.3%
In 2023, Ulta Beauty reported free cash flow margin of 9.29%, contracted 2.2 percentage points from 2022.
Ulta Beauty FCF Margin 2022: 11.5%
Ulta Beauty free cash flow margin in 2022 was 11.46%, expanded 1.2 percentage points from 2021. This figure represents the highest annual value in the available history.
Ulta Beauty FCF Margin 2021: 10.3%
Ulta Beauty free cash flow margin in 2021 was 10.28%.
See more financial history for Ulta Beauty (ULTA).
Sector peers by FCF Margin
Consumer Cyclical peers of Ulta Beauty (ULTA), ranked by their latest free cash flow margin
| 32.6% | |
| 25.6% | |
| 24.0% | |
| 8.9% | |
| 8.6% | |
| 7.2% | |
| -0.3% | |
| -4.9% |
- 25.6%
- 24.0%
- 8.6%
- 7.2%
- -0.3%
- -4.9%
Frequently asked questions
Ulta Beauty (ULTA) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation