Ulta Beauty Inc (ULTA)

Net profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Feb 3, 2024	Jan 31, 2024	Oct 31, 2023	Oct 28, 2023	Jul 31, 2023	Jul 29, 2023	Apr 30, 2023	Apr 29, 2023	Jan 31, 2023	Jan 28, 2023	Oct 31, 2022	Oct 29, 2022	Jul 31, 2022	Jul 30, 2022	Apr 30, 2022	Jan 31, 2022
Net income (ttm)	US$ in thousands	1,201,118	1,202,217	1,354,407	1,351,334	1,287,704	1,193,437	1,099,170	1,196,738	1,294,306	1,334,955	1,375,604	1,303,138	1,230,672	1,185,598	1,140,524	1,197,334	1,212,115	1,205,804	1,125,416	1,009,310
Revenue (ttm)	US$ in thousands	11,295,660	11,362,340	12,386,540	12,323,380	12,086,460	11,061,970	10,037,480	10,182,810	10,328,140	11,025,100	11,722,060	11,426,590	11,131,120	10,201,460	9,271,800	9,278,910	9,669,510	10,101,790	9,800,460	9,450,340
Net profit margin		10.63%	10.58%	10.93%	10.97%	10.65%	10.79%	10.95%	11.75%	12.53%	12.11%	11.74%	11.40%	11.06%	11.62%	12.30%	12.90%	12.54%	11.94%	11.48%	10.68%

January 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,201,118K ÷ $11,295,660K
= 10.63%

Ulta Beauty Inc's net profit margin has shown fluctuation over the periods presented. The net profit margin, which represents the percentage of revenue that translates into profit after accounting for all expenses, varied between 10.68% to 12.90% over the period from January 2022 to January 2023. There was an upward trend in the net profit margin from 2022 to mid-2023, reaching a peak of 12.90% on October 29, 2022.

However, from the second half of 2023 to early 2025, the net profit margin exhibited a declining trend, dropping to a low of 10.58% on October 31, 2024. In the last reported period, ending January 31, 2025, the net profit margin stood at 10.63%.

It is important to note that a declining trend in the net profit margin may indicate increasing expenses relative to revenue, potentially impacting the company's profitability. Further analysis of the underlying factors driving these changes in the net profit margin would be necessary to assess the overall financial health and performance of Ulta Beauty Inc.