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.
Decision snapshot: ULTA stock price near parity vs EAT $564.16 current versus $543.13 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at EAT's multiple
Implied fair value · at ULTA's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ULTA FY 2026 (ended Jan 31, 2026) · EAT FY 2026 (ended Jun 24, 2026). Fiscal years are not aligned.
Trendline
Five 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 96% equity / 4% debt · EV / Revenue 1.71x · EV / EBITDA 11.35x
ULTA carries the larger enterprise value at $23.69B against $9.95B; EAT trades on the lower EV / Revenue multiple (1.71x vs 1.91x); EAT on the lower EV / EBITDA (11.35x 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.
BRINKER INTERNATIONAL, INC. · implied price per share
Bear
$106.35
Base
$126.42
Bull
$152.55
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
1.01x
Net debt / EBITDA
Leverage against operating earnings
-0.26x
0.39x
Cash and equivalents
Liquid reserves on the balance sheet
$494.24M
$110.00M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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