Ulta Beauty (MEX:ULTA) EBIT: MXN28,587 Mil (TTM As of Apr. 2026)


MEX:ULTA Ulta Beauty Inc MEX:ULTA
84 GF Score
Price MXN8,590.00
GF Value MXN9,867.21
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Ulta Beauty EBIT?

Ulta Beauty MEX:ULTA +6.34% 84 EBIT is MXN28,587 Mil as of Apr. 2026. GuruFocus rates MEX:ULTA with a GF Score™ of 84/100 and a GF Value™ of MXN9,867.21 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Ulta Beauty's earnings before interest and taxes (EBIT) for the three months ended in Apr. 2026 was MXN7,933 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Apr. 2026 was MXN28,587 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Ulta Beauty's annualized ROC % for the quarter that ended in Apr. 2026 was 26.18%. Ulta Beauty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 44.06%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Ulta Beauty's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Apr. 2026 was 7.06%.

Ulta Beauty  (MEX:ULTA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Ulta Beauty's annualized ROC % for the quarter that ended in Apr. 2026 is calculated as:

ROC % (Q: Apr. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jan. 2026 ) + Invested Capital (Q: Apr. 2026 ))/ count )
=31733.64 * ( 1 - 23.8% )/( (90772.318 + 93983.335)/ 2 )
=24181.03368/92377.8265
=26.18 %

where

Invested Capital(Q: Jan. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=121432.851 - 22085.763 - ( 8574.77 - max(0, 38590.777 - 54548.732+8574.77))
=90772.318

Invested Capital(Q: Apr. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=120777.801 - 22918.153 - ( 3876.313 - max(0, 40358.478 - 52926.718+3876.313))
=93983.335

Note: The Operating Income data used here is four times the quarterly (Apr. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Ulta Beauty's annualized ROC (Joel Greenblatt) % for the quarter that ended in Apr. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Apr. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jan. 2026  Q: Apr. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=31733.64/( ( (56335.537 + max(13784.348, 0)) + (57277.419 + max(16652.557, 0)) )/ 2 )
=31733.64/( ( 70119.885 + 73929.976 )/ 2 )
=31733.64/72024.9305
=44.06 %

where Working Capital is:

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5139.158 + 37841.027 + 2993.777) - (22085.763 + 10103.851 + 0)
=13784.348

Working Capital(Q: Apr. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4348.197 + 41800.719 + 2901.489) - (22918.153 + 9479.696 + -0.00099999999656575)
=16652.557

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Ulta Beauty's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Apr. 2026 )
=28586.619/404650.846
=7.06 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ulta Beauty EBIT Related Terms

Ulta Beauty EBIT Historical Data

* Premium members only.

The historical data trend for Ulta Beauty's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ulta Beauty EBIT Chart

Ulta Beauty Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26,972.75 31,001.87 28,968.33 32,566.20 26,870.82

Ulta Beauty Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7,907.21 6,578.18 5,738.64 8,336.39 7,933.41

MEX:ULTA vs WSM, DKS, TSCO: EBIT Comparison

For the Specialty Retail subindustry, Ulta Beauty's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ulta Beauty EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Ulta Beauty's EV-to-EBIT falls into.


MEX:ULTA
84GF Score
Ulta Beauty Inc MEX:ULTA
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ulta Beauty EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN28,587 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN28,587 Mil mean?
Ulta Beauty (MEX:ULTA) has a EBIT of MXN28,587 Mil as of Apr. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ulta Beauty.
Is Ulta Beauty's EBIT too high?
Ulta Beauty's current EBIT is MXN28,587 Mil. Overall, Ulta Beauty has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulta Beauty's EBIT compare to WSM and DKS?
Ulta Beauty's EBIT of MXN28,587 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Retail - Cyclical company?
A good EBIT depends on the Retail - Cyclical industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Ulta Beauty. Ulta Beauty's current EBIT is MXN28,587 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulta Beauty stock overvalued right now?
Based on GuruFocus' analysis, Ulta Beauty (MEX:ULTA) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN9,867.21, compared to a current price of MXN8,590.00 — trading 12.9% below its estimated fair value. The current EBIT is MXN28,587 Mil. Ulta Beauty's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Ulta Beauty (MEX:ULTA), the current EBIT is MXN28,587 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ulta Beauty (MEX:ULTA) Overvalued in 2026?

Based on GuruFocus' analysis, Ulta Beauty stock appears to be undervalued. The current stock price of MXN8,590.00 is trading 12.9% below its estimated GF Value™ of MXN9,867.21. GuruFocus considers Ulta Beauty to be Modestly Undervalued.

Key valuation signals for MEX:ULTA:

  • EBIT: MXN28,587 Mil
  • GF Value™: MXN9,867.21 vs. price of MXN8,590.00 (12.9% below fair value)
  • GF Score™: 84/100 with 2 warning signs

No single metric tells the full story. See the MEX:ULTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ulta Beauty Business Description

Address 1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440
Ulta Beauty is the largest specialized beauty retailer in the US with more than 1,500 freestanding stores. The firm offers cosmetics (38% of 2025 sales), fragrances (13%), skin care (24%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for 4% of its revenue and drive customer traffic. Outside of the US, Ulta operates premium beauty retailer Space NK (86 stores at year-end 2025 in the UK and Ireland) and has franchised stores in Mexico, and a joint venture in the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
84GF Score

Get the complete analysis for MEX:ULTA

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN8,590.00
Price
MXN9,867.21
GF Value