Ulta Beauty, Inc.
$23.69B- Market cap
- $24.12B
- Debt
- +$62.29M
- Cash
- −$494.24M
Capital structure 100% equity / 0% debt · EV / Revenue 1.91x · EV / EBITDA 14.00x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: ULTA stock price vs ANIP: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ANIP's multiple
Needs ANIP P/E.
Implied fair value · at ULTA's multiple
Needs ULTA P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ULTA FY 2026 (ended Jan 31, 2026) · ANIP FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 100% equity / 0% debt · EV / Revenue 1.91x · EV / EBITDA 14.00x
Capital structure 84% equity / 16% debt · EV / Revenue 1.84x · EV / EBITDA 7.53x
ULTA carries the larger enterprise value at $23.69B against $1.63B; ANIP trades on the lower EV / Revenue multiple (1.84x vs 1.91x); ANIP on the lower EV / EBITDA (7.53x vs 14.00x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ULTA BEAUTY, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
ANI PHARMACEUTICALS, INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.02x
0.57x
Net debt / EBITDA
Leverage against operating earnings
-0.26x
0.11x
Cash and equivalents
Liquid reserves on the balance sheet
$494.24M
$285.59M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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