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Ulta Beauty vs Petco Health & Wellness: revenue, profit, margins and growth compared

Ulta Beauty brought in $12.4B of revenue in fiscal 2025, Petco Health & Wellness $6B in fiscal 2025. Revenue changed by +9.7% at Ulta Beauty and -2.5% at Petco Health & Wellness on the year before, so Ulta Beauty grew faster. Ulta Beauty kept 9.3% of its revenue as net profit, Petco Health & Wellness 0.2%. Free cash flow was $1.1B at Ulta Beauty and $187M at Petco Health & Wellness.

Side by side, latest fiscal year

ULTAWOOF
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$12.4B$6B
Revenue growth+9.7%-2.5%
Net income$1.2B$9.1M
Net margin9.3%0.2%
Free cash flow$1.1B$187M
Free cash flow margin8.6%3.1%
Earnings per share (diluted)$25.64$0.03
Cash$424.2M$256.7M
Debtn/a$1.5B
Price to earnings21.375.7
Market value$23.4B$734M
Dividend yieldn/an/a
Rank by revenue in sector#104 of 778 · Consumer discretionary#179 of 778 · Consumer discretionary

Over the years

Revenue
ULTA FY2018: $6.7BULTA FY2019: $7.4BULTA FY2020: $6.2BULTA FY2021: $8.6BULTA FY2022: $10.2BULTA FY2023: $11.2BULTA FY2024: $11.3BULTA FY2025: $12.4BWOOF FY2021: $4.4BWOOF FY2021: $4.9BWOOF FY2021: $5.8BWOOF FY2022: $6BWOOF FY2023: $6.3BWOOF FY2024: $6.1BWOOF FY2025: $6BFY18FY19FY20FY21FY22FY23FY24FY25
ULTA $12.4BWOOF $6B
Net income
ULTA FY2018: $658.6MULTA FY2019: $705.9MULTA FY2020: $175.8MULTA FY2021: $985.8MULTA FY2022: $1.2BULTA FY2023: $1.3BULTA FY2024: $1.2BULTA FY2025: $1.2BWOOF FY2021: -$95.9MWOOF FY2021: -$26.5MWOOF FY2021: $164.4MWOOF FY2022: $90.8MWOOF FY2023: -$1.3BWOOF FY2024: -$101.8MWOOF FY2025: $9.1MFY18FY19FY20FY21FY22FY23FY24FY25
ULTA $1.2BWOOF $9.1M
Net margin
ULTA FY2018: 9.8%ULTA FY2019: 9.5%ULTA FY2020: 2.9%ULTA FY2021: 11.4%ULTA FY2022: 12.2%ULTA FY2023: 11.5%ULTA FY2024: 10.6%ULTA FY2025: 9.3%WOOF FY2021: -2.2%WOOF FY2021: -0.5%WOOF FY2021: 2.8%WOOF FY2022: 1.5%WOOF FY2023: -20.5%WOOF FY2024: -1.7%WOOF FY2025: 0.2%FY18FY19FY20FY21FY22FY23FY24FY25
ULTA 9.3%WOOF 0.2%
Revenue growth
ULTA FY2019: +10.1%ULTA FY2020: -16.8%ULTA FY2021: +40.3%ULTA FY2022: +18.3%ULTA FY2023: +9.8%ULTA FY2024: +0.8%ULTA FY2025: +9.7%WOOF FY2021: +11.0%WOOF FY2021: +18.0%WOOF FY2022: +3.9%WOOF FY2023: +3.6%WOOF FY2024: -2.2%WOOF FY2025: -2.5%FY19FY20FY21FY22FY23FY24FY25
ULTA +9.7%WOOF -2.5%
Free cash flow
ULTA FY2018: $636.7MULTA FY2019: $802.8MULTA FY2020: $658.5MULTA FY2021: $887.1MULTA FY2022: $1.2BULTA FY2023: $1BULTA FY2024: $964.1MULTA FY2025: $1.1BWOOF FY2021: -$46.6MWOOF FY2021: $109.1MWOOF FY2021: $119.1MWOOF FY2022: $68MWOOF FY2023: -$9.9MWOOF FY2024: $49.7MWOOF FY2025: $187MFY18FY19FY20FY21FY22FY23FY24FY25
ULTA $1.1BWOOF $187M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ulta Beauty and Petco Health & Wellness

Which is bigger by revenue, Ulta Beauty or Petco Health & Wellness?

Ulta Beauty is bigger by revenue: $12.4B in fiscal 2025, against $6B for Petco Health & Wellness in fiscal 2025.

Which keeps more of its revenue as profit, Ulta Beauty or Petco Health & Wellness?

Ulta Beauty had a net margin of 9.3% in fiscal 2025; Petco Health & Wellness had 0.2% in fiscal 2025.

Which grew revenue faster, Ulta Beauty or Petco Health & Wellness?

In their latest fiscal years revenue changed by +9.7% at Ulta Beauty and -2.5% at Petco Health & Wellness.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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