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Side-by-side financial comparison of KB HOME (KBH) and Ulta Beauty (ULTA). Click either name above to swap in a different company.
Ulta Beauty is the larger business by last-quarter revenue ($3.9B vs $1.7B, roughly 2.3× KB HOME). Ulta Beauty runs the higher net margin — 9.1% vs 6.0%, a 3.2% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (100.0% vs -15.3%). Over the past eight quarters, KB HOME's revenue compounded faster (7.4% CAGR vs 4.7%).
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
Ulta Beauty, Inc., formerly known as Ulta Salon, Cosmetics & Fragrance Inc. and before 2000 as Ulta3, is an American chain of cosmetic stores headquartered in Bolingbrook, Illinois. Ulta Beauty carries both high- and low-end cosmetics, fragrances, nail products, bath and body products, beauty tools and haircare products. Each location has a beauty salon available to the public.
KBH vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $3.9B |
| Net Profit | $101.5M | $356.7M |
| Gross Margin | — | 38.1% |
| Operating Margin | — | 12.2% |
| Net Margin | 6.0% | 9.1% |
| Revenue YoY | -15.3% | 100.0% |
| Net Profit YoY | -46.7% | 9.1% |
| EPS (diluted) | $1.55 | $8.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $3.9B | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.6B | $2.8B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.7B | $2.7B |
| Q1 26 | — | $356.7M | ||
| Q4 25 | $101.5M | $230.9M | ||
| Q3 25 | $109.8M | $260.9M | ||
| Q2 25 | $107.9M | $305.1M | ||
| Q1 25 | $109.6M | — | ||
| Q4 24 | $190.6M | $242.2M | ||
| Q3 24 | $157.3M | $252.6M | ||
| Q2 24 | $168.4M | $313.1M |
| Q1 26 | — | 38.1% | ||
| Q4 25 | — | 40.4% | ||
| Q3 25 | — | 39.2% | ||
| Q2 25 | — | 39.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 39.2% |
| Q1 26 | — | 12.2% | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 12.9% | ||
| Q2 24 | — | 14.7% |
| Q1 26 | — | 9.1% | ||
| Q4 25 | 6.0% | 8.1% | ||
| Q3 25 | 6.8% | 9.4% | ||
| Q2 25 | 7.1% | 10.7% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 9.5% | 9.6% | ||
| Q3 24 | 9.0% | 9.9% | ||
| Q2 24 | 9.9% | 11.5% |
| Q1 26 | — | $8.01 | ||
| Q4 25 | $1.55 | $5.14 | ||
| Q3 25 | $1.61 | $5.78 | ||
| Q2 25 | $1.50 | $6.70 | ||
| Q1 25 | $1.49 | — | ||
| Q4 24 | $2.50 | $5.14 | ||
| Q3 24 | $2.04 | $5.30 | ||
| Q2 24 | $2.15 | $6.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $494.2M |
| Total DebtLower is stronger | — | $62.3M |
| Stockholders' EquityBook value | $3.9B | $2.8B |
| Total Assets | $6.7B | $7.0B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $494.2M | ||
| Q4 25 | — | $204.9M | ||
| Q3 25 | — | $242.7M | ||
| Q2 25 | — | $454.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $177.8M | ||
| Q3 24 | — | $414.0M | ||
| Q2 24 | — | $524.6M |
| Q1 26 | — | $62.3M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.9B | $2.6B | ||
| Q3 25 | $3.9B | $2.6B | ||
| Q2 25 | $4.0B | $2.4B | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $4.0B | $2.3B |
| Q1 26 | — | $7.0B | ||
| Q4 25 | $6.7B | $7.0B | ||
| Q3 25 | $7.0B | $6.6B | ||
| Q2 25 | $7.0B | $6.0B | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | $6.0B | ||
| Q3 24 | $6.8B | $5.7B | ||
| Q2 24 | $6.8B | $5.6B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $303.8M | $1.5B |
| Free Cash FlowOCF − Capex | $290.1M | — |
| FCF MarginFCF / Revenue | 17.1% | — |
| Capex IntensityCapex / Revenue | 0.8% | 11.2% |
| Cash ConversionOCF / Net Profit | 2.99× | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | $287.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.5B | ||
| Q4 25 | $303.8M | $5.6M | ||
| Q3 25 | $197.7M | $96.5M | ||
| Q2 25 | $168.4M | $220.0M | ||
| Q1 25 | $-334.3M | — | ||
| Q4 24 | $362.6M | $-56.8M | ||
| Q3 24 | $-89.9M | $199.5M | ||
| Q2 24 | $61.5M | $159.3M |
| Q1 26 | — | — | ||
| Q4 25 | $290.1M | $-81.6M | ||
| Q3 25 | $185.8M | $19.6M | ||
| Q2 25 | $156.9M | $141.0M | ||
| Q1 25 | $-345.5M | — | ||
| Q4 24 | $352.6M | $-171.1M | ||
| Q3 24 | $-99.4M | $104.3M | ||
| Q2 24 | $51.2M | $68.3M |
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | -2.9% | ||
| Q3 25 | 11.5% | 0.7% | ||
| Q2 25 | 10.3% | 4.9% | ||
| Q1 25 | -24.8% | — | ||
| Q4 24 | 17.6% | -6.8% | ||
| Q3 24 | -5.7% | 4.1% | ||
| Q2 24 | 3.0% | 2.5% |
| Q1 26 | — | 11.2% | ||
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 0.7% | 2.8% | ||
| Q2 25 | 0.8% | 2.8% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.5% | 4.5% | ||
| Q3 24 | 0.5% | 3.7% | ||
| Q2 24 | 0.6% | 3.3% |
| Q1 26 | — | 4.21× | ||
| Q4 25 | 2.99× | 0.02× | ||
| Q3 25 | 1.80× | 0.37× | ||
| Q2 25 | 1.56× | 0.72× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | -0.23× | ||
| Q3 24 | -0.57× | 0.79× | ||
| Q2 24 | 0.37× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
ULTA
Segment breakdown not available.
