Stock Analysis on Net

Ulta Beauty Inc. (NASDAQ:ULTA)

This company has been moved to the archive! The financial data has not been updated since August 24, 2023.

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Ulta Beauty Inc., profitability ratios (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Return on Sales
Gross profit margin 39.37% 39.61% 39.62% 39.74% 39.35% 39.34% 39.03% 38.42% 37.46% 34.69% 31.68% 31.71% 32.29% 34.27% 36.24% 36.24% 36.14% 36.05% 35.87% 35.64% 35.61% 35.68% 35.63%
Operating profit margin 15.31% 15.65% 16.05% 16.13% 15.89% 15.82% 15.03% 14.15% 12.58% 9.30% 3.85% 4.80% 5.74% 8.23% 12.18% 12.40% 12.63% 12.75% 12.72% 12.67% 13.00% 13.20% 13.35%
Net profit margin 11.77% 11.99% 12.17% 12.26% 12.08% 12.03% 11.42% 10.72% 9.50% 7.01% 2.86% 3.63% 4.41% 6.37% 9.54% 9.67% 9.86% 9.92% 9.80% 9.99% 9.91% 9.67% 9.44%
Return on Investment
Return on equity (ROE) 61.53% 62.34% 63.39% 61.96% 63.97% 62.27% 64.21% 43.69% 38.70% 26.27% 8.79% 12.24% 15.93% 24.81% 37.11% 37.78% 38.02% 35.35% 36.18% 35.52% 34.51% 33.16% 31.29%
Return on assets (ROA) 24.05% 23.40% 23.13% 22.34% 22.88% 21.69% 20.69% 16.41% 14.68% 9.53% 3.45% 4.66% 5.13% 7.87% 14.51% 14.16% 14.85% 14.40% 20.64% 19.57% 20.35% 19.57% 19.09%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Ulta Beauty Inc. gross profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Ulta Beauty Inc. operating profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Ulta Beauty Inc. net profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Ulta Beauty Inc. ROE deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
ROA A profitability ratio calculated as net income divided by total assets. Ulta Beauty Inc. ROA improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Gross Profit Margin

Ulta Beauty Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Selected Financial Data (US$ in thousands)
Gross profit 993,612 1,054,857 1,212,503 962,817 928,164 941,026 1,027,329 789,474 797,963 753,788 771,028 545,519 329,007 303,605 806,885 623,433 605,899 644,847 740,859 572,278 535,461 560,713 658,347 493,128 469,326 476,008
Net sales 2,529,809 2,634,263 3,226,773 2,338,793 2,297,113 2,345,901 2,729,388 1,995,775 1,967,207 1,938,519 2,198,701 1,552,033 1,228,009 1,173,210 2,305,918 1,682,514 1,666,607 1,743,029 2,124,716 1,560,011 1,488,221 1,543,667 1,937,592 1,342,181 1,289,854 1,314,879
Profitability Ratio
Gross profit margin1 39.37% 39.61% 39.62% 39.74% 39.35% 39.34% 39.03% 38.42% 37.46% 34.69% 31.68% 31.71% 32.29% 34.27% 36.24% 36.24% 36.14% 36.05% 35.87% 35.64% 35.61% 35.68% 35.63%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 48.04% 47.59% 46.98% 46.24% 45.53% 44.73% 43.81% 43.04% 42.65% 42.14% 42.03% 41.31% 40.68% 40.01% 39.57% 40.22% 40.27% 40.64% 40.99%
Home Depot Inc. 33.49% 33.51% 33.53% 33.51% 33.53% 33.58% 33.63% 33.72% 33.72% 33.94% 33.95% 34.03% 34.10% 34.06% 34.09% 34.13% 34.20% 34.26% 34.34%
Lowe’s Cos. Inc. 33.25% 33.14% 33.23% 33.38% 33.33% 33.49% 33.30% 33.06% 32.97% 33.06% 33.01% 32.94% 32.89% 32.23% 31.80% 31.85% 31.47% 31.72% 32.12%
TJX Cos. Inc. 28.48% 27.85% 27.61% 27.92% 28.03% 28.45% 28.50% 28.78% 28.91% 27.61% 23.66% 23.97% 23.61% 25.04% 28.46% 28.30% 28.32% 28.49% 28.59%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q2 2024 Calculation
Gross profit margin = 100 × (Gross profitQ2 2024 + Gross profitQ1 2024 + Gross profitQ4 2023 + Gross profitQ3 2023) ÷ (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023)
= 100 × (993,612 + 1,054,857 + 1,212,503 + 962,817) ÷ (2,529,809 + 2,634,263 + 3,226,773 + 2,338,793) = 39.37%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Ulta Beauty Inc. gross profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Operating Profit Margin

Ulta Beauty Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Selected Financial Data (US$ in thousands)
Operating income (loss) 391,642 442,070 447,618 361,856 391,428 437,708 375,622 284,239 332,307 305,324 224,272 101,277 12,755 (101,484) 287,756 167,780 208,018 237,540 281,210 169,213 193,815 209,842 254,419 162,667 179,800 188,405
Net sales 2,529,809 2,634,263 3,226,773 2,338,793 2,297,113 2,345,901 2,729,388 1,995,775 1,967,207 1,938,519 2,198,701 1,552,033 1,228,009 1,173,210 2,305,918 1,682,514 1,666,607 1,743,029 2,124,716 1,560,011 1,488,221 1,543,667 1,937,592 1,342,181 1,289,854 1,314,879
Profitability Ratio
Operating profit margin1 15.31% 15.65% 16.05% 16.13% 15.89% 15.82% 15.03% 14.15% 12.58% 9.30% 3.85% 4.80% 5.74% 8.23% 12.18% 12.40% 12.63% 12.75% 12.72% 12.67% 13.00% 13.20% 13.35%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 9.00% 8.02% 6.41% 4.76% 3.29% 2.54% 2.38% 2.58% 3.15% 4.12% 5.30% 6.18% 6.68% 6.63% 5.93% 5.72% 5.24% 4.76% 5.18%
Home Depot Inc. 14.88% 15.19% 15.27% 15.33% 15.30% 15.20% 15.24% 15.10% 14.79% 14.70% 13.84% 14.01% 13.99% 13.85% 14.37% 14.26% 14.31% 14.36% 14.35%
Lowe’s Cos. Inc. 10.51% 10.60% 10.47% 10.74% 12.76% 12.72% 12.56% 12.36% 11.79% 11.55% 10.77% 10.64% 10.53% 9.30% 8.75% 6.67% 5.83% 5.54% 5.63%
TJX Cos. Inc. 10.02% 9.82% 9.73% 9.76% 9.77% 10.18% 9.79% 9.55% 9.32% 7.05% 1.81% 3.13% 3.26% 5.86% 10.59% 10.49% 10.56% 10.61% 10.82%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q2 2024 Calculation
Operating profit margin = 100 × (Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023 + Operating income (loss)Q3 2023) ÷ (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023)
= 100 × (391,642 + 442,070 + 447,618 + 361,856) ÷ (2,529,809 + 2,634,263 + 3,226,773 + 2,338,793) = 15.31%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Ulta Beauty Inc. operating profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Net Profit Margin

Ulta Beauty Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Selected Financial Data (US$ in thousands)
Net income (loss) 300,102 347,051 340,751 274,585 295,677 331,395 289,366 215,289 250,893 230,289 171,494 74,798 8,052 (78,509) 222,719 129,747 161,258 192,221 214,674 131,166 148,323 164,396 208,173 104,645 114,193 128,223
Net sales 2,529,809 2,634,263 3,226,773 2,338,793 2,297,113 2,345,901 2,729,388 1,995,775 1,967,207 1,938,519 2,198,701 1,552,033 1,228,009 1,173,210 2,305,918 1,682,514 1,666,607 1,743,029 2,124,716 1,560,011 1,488,221 1,543,667 1,937,592 1,342,181 1,289,854 1,314,879
Profitability Ratio
Net profit margin1 11.77% 11.99% 12.17% 12.26% 12.08% 12.03% 11.42% 10.72% 9.50% 7.01% 2.86% 3.63% 4.41% 6.37% 9.54% 9.67% 9.86% 9.92% 9.80% 9.99% 9.91% 9.67% 9.44%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 7.35% 6.38% 5.29% 3.62% 2.43% 0.82% -0.53% 2.25% 2.39% 4.48% 7.10% 5.73% 6.64% 6.42% 5.53% 4.99% 4.10% 3.56% 4.13%
Home Depot Inc. 10.48% 10.75% 10.87% 10.87% 10.88% 10.83% 10.87% 10.79% 10.55% 10.45% 9.74% 9.94% 9.91% 9.79% 10.20% 10.01% 10.18% 10.24% 10.28%
Lowe’s Cos. Inc. 6.48% 6.65% 6.63% 6.97% 8.84% 8.85% 8.77% 8.63% 7.41% 7.23% 6.51% 6.29% 7.12% 6.17% 5.93% 4.11% 3.52% 3.31% 3.25%
TJX Cos. Inc. 7.77% 7.56% 7.00% 6.90% 6.77% 6.69% 6.76% 5.85% 5.81% 4.00% 0.28% 2.24% 2.11% 4.57% 7.84% 7.70% 7.65% 7.69% 7.85%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q2 2024 Calculation
Net profit margin = 100 × (Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023 + Net income (loss)Q3 2023) ÷ (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023)
= 100 × (300,102 + 347,051 + 340,751 + 274,585) ÷ (2,529,809 + 2,634,263 + 3,226,773 + 2,338,793) = 11.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Ulta Beauty Inc. net profit margin ratio deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Return on Equity (ROE)

Ulta Beauty Inc., ROE calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Selected Financial Data (US$ in thousands)
Net income (loss) 300,102 347,051 340,751 274,585 295,677 331,395 289,366 215,289 250,893 230,289 171,494 74,798 8,052 (78,509) 222,719 129,747 161,258 192,221 214,674 131,166 148,323 164,396 208,173 104,645 114,193 128,223
Stockholders’ equity 2,051,877 2,018,068 1,959,811 1,922,255 1,769,068 1,745,620 1,535,373 1,986,800 1,879,813 1,844,717 1,999,549 1,854,437 1,770,793 1,753,959 1,902,094 1,847,156 1,839,451 1,941,568 1,820,218 1,835,736 1,812,478 1,783,433 1,774,217 1,616,051 1,635,350 1,641,657
Profitability Ratio
ROE1 61.53% 62.34% 63.39% 61.96% 63.97% 62.27% 64.21% 43.69% 38.70% 26.27% 8.79% 12.24% 15.93% 24.81% 37.11% 37.78% 38.02% 35.35% 36.18% 35.52% 34.51% 33.16% 31.29%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 18.79% 17.39% 15.07% 10.97% 7.75% 2.78% -1.86% 8.24% 8.83% 15.98% 24.13% 21.78% 25.64% 26.04% 22.84% 20.99% 17.88% 16.18% 18.67%
Home Depot Inc. 1,215.96% 4,626.24% 1,095.07% 1,317.03% 7,124.47% 1,539.90% 736.64% 844.74% 390.00% 813.68%
Lowe’s Cos. Inc. 1,532.36% 406.05% 131.77% 131.40% 266.43% 217.09% 119.93% 95.76% 73.30% 63.50%
TJX Cos. Inc. 60.25% 59.20% 54.97% 60.02% 62.26% 59.63% 54.69% 41.40% 39.21% 24.63% 1.55% 13.47% 15.26% 35.54% 55.01% 56.45% 57.76% 59.31% 60.61%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q2 2024 Calculation
ROE = 100 × (Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023 + Net income (loss)Q3 2023) ÷ Stockholders’ equity
= 100 × (300,102 + 347,051 + 340,751 + 274,585) ÷ 2,051,877 = 61.53%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Ulta Beauty Inc. ROE deteriorated from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Return on Assets (ROA)

Ulta Beauty Inc., ROA calculation (quarterly data)

Microsoft Excel
Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019 Feb 2, 2019 Nov 3, 2018 Aug 4, 2018 May 5, 2018 Feb 3, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017
Selected Financial Data (US$ in thousands)
Net income (loss) 300,102 347,051 340,751 274,585 295,677 331,395 289,366 215,289 250,893 230,289 171,494 74,798 8,052 (78,509) 222,719 129,747 161,258 192,221 214,674 131,166 148,323 164,396 208,173 104,645 114,193 128,223
Total assets 5,248,760 5,375,719 5,370,411 5,331,549 4,945,994 5,012,036 4,764,379 5,287,767 4,954,585 5,087,544 5,089,969 4,870,994 5,497,121 5,530,551 4,863,872 4,928,848 4,710,375 4,766,353 3,191,172 3,332,691 3,073,349 3,022,249 2,908,687 2,834,873 2,702,217 2,707,601
Profitability Ratio
ROA1 24.05% 23.40% 23.13% 22.34% 22.88% 21.69% 20.69% 16.41% 14.68% 9.53% 3.45% 4.66% 5.13% 7.87% 14.51% 14.16% 14.85% 14.40% 20.64% 19.57% 20.35% 19.57% 19.09%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 8.01% 7.10% 5.76% 4.12% 2.74% 0.92% -0.59% 2.64% 2.77% 5.21% 7.93% 6.87% 8.17% 8.33% 6.64% 6.16% 5.10% 4.77% 5.14%
Home Depot Inc. 21.25% 21.92% 22.38% 22.24% 22.27% 21.57% 22.86% 21.82% 21.54% 20.35% 18.23% 18.66% 18.67% 18.68% 21.94% 21.23% 21.54% 21.80% 25.27%
Lowe’s Cos. Inc. 13.58% 13.86% 14.73% 14.23% 18.04% 17.00% 18.91% 16.63% 14.19% 13.32% 12.49% 10.55% 11.06% 9.98% 10.85% 7.41% 6.21% 5.49% 6.71%
TJX Cos. Inc. 13.77% 13.25% 12.34% 11.96% 12.40% 12.04% 11.53% 8.87% 8.73% 4.99% 0.29% 2.38% 2.68% 6.63% 13.55% 12.88% 13.40% 13.53% 21.36%

Based on: 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-K (reporting date: 2023-01-28), 10-Q (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-29), 10-Q (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-K (reporting date: 2021-01-30), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-K (reporting date: 2020-02-01), 10-Q (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-K (reporting date: 2019-02-02), 10-Q (reporting date: 2018-11-03), 10-Q (reporting date: 2018-08-04), 10-Q (reporting date: 2018-05-05), 10-K (reporting date: 2018-02-03), 10-Q (reporting date: 2017-10-28), 10-Q (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29).

1 Q2 2024 Calculation
ROA = 100 × (Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023 + Net income (loss)Q3 2023) ÷ Total assets
= 100 × (300,102 + 347,051 + 340,751 + 274,585) ÷ 5,248,760 = 24.05%

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Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Ulta Beauty Inc. ROA improved from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.