Ulta Beauty Inc (ULTA)

Net profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Net income	US$ in thousands	1,291,000	1,242,410	985,837	175,835	705,945
Revenue	US$ in thousands	11,207,300	10,208,600	8,630,890	6,151,950	7,398,070
Net profit margin		11.52%	12.17%	11.42%	2.86%	9.54%

February 3, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $1,291,000K ÷ $11,207,300K
= 11.52%

Ulta Beauty Inc's net profit margin has shown some fluctuations over the past five years. In the most recent fiscal year ending February 3, 2024, the net profit margin stood at 11.52%. This represents a slight decrease from the previous year's figure of 12.17% recorded on January 28, 2023. The net profit margin for the fiscal year ending January 29, 2022, was slightly lower at 11.42%.

Notably, there was a significant improvement in the net profit margin for the fiscal year ending January 30, 2021, where it was reported at 2.86%, indicating a substantial increase compared to the previous year. The highest net profit margin among the five years was observed on February 1, 2020, at 9.54%.

Overall, while the net profit margin has shown some variability, it has remained relatively healthy over the years, with the latest year's figure indicating a decent profitability level for Ulta Beauty Inc. Further analysis of the company's operating expenses and revenue trends may provide additional insights into the factors influencing these fluctuations in the net profit margin.