Company / Cost of Revenue
Ulta Beauty Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$7.5B
FY2025
5-year range
$4.2B / $7.5B
FY2021-FY2025
Trend
+9.3%
vs FY2024
Sector context
#40 of 168
Consumer Discretionary
What the data says
Ulta Beauty's cost of revenue of $7.5B is higher than 76% of companies in the Consumer Discretionary sector (FY2025). Cost of Revenue has increased for 3 consecutive years, from $4.2B in FY2022 to $7.5B in FY2025.
Based on SEC 10-K filings.
$7.5B in FY2025 with a 5-year CAGR of +11.9%. Top quartile in the Consumer Discretionary sector.
Increased from $6.8B to $7.5B over the past 2 years.
Consumer Discretionary sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +21.6%
- 5-Year CAGR
- +11.9%
- 10-Year CAGR
- -
Sector benchmark
-19.1% below sector average
Key checks
Key Insights
- Ulta Beauty's cost of revenue has grown for 3 consecutive years.
- 5-year CAGR of +11.9%, indicating consistent growth.
- In FY2025, cost of revenue increased 9.3% year-over-year.
- Ranks #40 out of 168 companies in the Consumer Discretionary sector.
Company context
Key Data Points
- Altman Z-Score 3.51 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 45.2%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $7.5B | +9.3% |
| FY2024 | $6.9B | +1.2% |
| FY2023 | $6.8B | +62.4% |
| FY2022 | $4.2B | -10.9% |
| FY2021 | $4.7B | +9.5% |
| FY2020 | $4.3B | +13.7% |
| FY2019 | $3.8B | +21.9% |
| FY2018 | $3.1B | +22.4% |
| FY2017 | $2.5B | +20.7% |
| FY2016 | $2.1B | +21.7% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026