Ulta Beauty, Inc. ULTA NASDAQ

Ulta Beauty, Inc. (ULTA) generated $1.19B in operating cash flow for quarter ending 2026-01-31. After capital expenditures of $278.84M, free cash flow was $907.4M.

Free cash flow margin was 23.3% of revenue. Cash conversion ratio was 2.02x, indicating earnings are backed by cash.

The company returned $382.7M in share buybacks to shareholders during the quarter.

Criteria supported by this page:

• HEALTH (67/100, Partial) — cash generation is adequate but may not fully cover debt in stressed conditions
• MOAT (66/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (45/100) — Cash conversion ratio was 2.02x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 65/100 with 3/7 criteria passed.