Ulta Beauty Inc (ULTA)
Pretax margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,695,650 | 1,643,540 | 1,295,830 | 231,085 | 906,150 |
| Revenue | US$ in thousands | 11,207,300 | 10,208,600 | 8,630,890 | 6,151,950 | 7,398,070 |
| Pretax margin | 15.13% | 16.10% | 15.01% | 3.76% | 12.25% |
February 3, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,695,650K ÷ $11,207,300K
= 15.13%
Ulta Beauty Inc's pretax margin has exhibited fluctuations over the past five years, ranging from 3.76% in 2021 to 16.10% in 2023. In 2024, the pretax margin decreased slightly to 15.13%. This metric provides insight into the company's ability to generate profits before accounting for taxes, indicating a reduction in profitability compared to the prior year.
The pretax margin performance in 2024 suggests that Ulta Beauty Inc may be facing challenges in maintaining profitability levels, possibly due to changes in operating expenses, cost structure, or revenue growth. It is important for investors and stakeholders to closely monitor this ratio to assess the company's financial health and operational efficiency.
Peer comparison
Feb 3, 2024