Ulta Beauty Inc (ULTA)

Operating profit margin

		Feb 3, 2024	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020
Operating income	US$ in thousands	1,678,030	1,638,610	1,297,490	236,820	901,094
Revenue	US$ in thousands	11,207,300	10,208,600	8,630,890	6,151,950	7,398,070
Operating profit margin		14.97%	16.05%	15.03%	3.85%	12.18%

February 3, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,678,030K ÷ $11,207,300K
= 14.97%

Ulta Beauty Inc's operating profit margin has shown fluctuations over the past five years. In the most recent fiscal year, ending on February 3, 2024, the operating profit margin stood at 14.97%, showing a slight decline from the previous year's figure of 16.05%. However, when compared to the operating profit margins of the fiscal years 2022 and 2020, Ulta Beauty's performance in 2024 was relatively stronger, reflecting a positive trend in profitability.

The significant increase in operating profit margin from 3.85% in 2021 to 15.03% in 2022 demonstrates a notable improvement in efficiency and cost management. Additionally, the operating profit margin of 12.18% in 2020 indicates relatively healthy profitability levels during that period.

Overall, despite some fluctuations, Ulta Beauty Inc has been able to maintain competitive operating profit margins in recent years, reflecting its ability to effectively generate profits from its operations. This stability in profitability metrics suggests a certain level of resilience and operational efficiency within the company.