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Side-by-side financial comparison of KINROSS GOLD CORP (KGC) and Ulta Beauty (ULTA). Click either name above to swap in a different company.

Ulta Beauty is the larger business by last-quarter revenue ($2.9B vs $2.5B, roughly 1.1× KINROSS GOLD CORP).

Kinross Gold Corporation is a Canadian-based gold and silver mining company founded in 1993 and headquartered in Toronto, Ontario, Canada. Kinross currently operates six active gold mines, and was ranked fifth of the "10 Top Gold-mining Companies" of 2019 by InvestingNews. The company's mines are located in Brazil, Mauritania, and the United States. It trades under the KGC ticker in the New York Stock Exchange, and under K in the Toronto Stock Exchange.

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.

KGC vs ULTA — Head-to-Head

Bigger by revenue
ULTA
ULTA
1.1× larger
ULTA
$2.9B
$2.5B
KGC

Income Statement — Q3 FY2023 vs Q3 FY2026

Metric
KGC
KGC
ULTA
ULTA
Revenue
$2.5B
$2.9B
Net Profit
$230.9M
Gross Margin
7.3%
40.4%
Operating Margin
10.8%
Net Margin
8.1%
Revenue YoY
12.9%
Net Profit YoY
-4.7%
EPS (diluted)
$5.14

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.

Revenue
KGC
KGC
ULTA
ULTA
Q4 25
$2.9B
Q3 25
$2.8B
Q2 25
$2.8B
Q4 24
$2.5B
Q3 24
$2.6B
Q2 24
$2.7B
Q1 24
$3.6B
Q4 23
$2.5B
Net Profit
KGC
KGC
ULTA
ULTA
Q4 25
$230.9M
Q3 25
$260.9M
Q2 25
$305.1M
Q4 24
$242.2M
Q3 24
$252.6M
Q2 24
$313.1M
Q1 24
$394.4M
Q4 23
$249.5M
Gross Margin
KGC
KGC
ULTA
ULTA
Q4 25
40.4%
Q3 25
39.2%
Q2 25
39.1%
Q4 24
39.7%
Q3 24
38.3%
Q2 24
39.2%
Q1 24
37.7%
Q4 23
39.9%
Operating Margin
KGC
KGC
ULTA
ULTA
Q4 25
10.8%
Q3 25
12.4%
Q2 25
14.1%
Q4 24
12.6%
Q3 24
12.9%
Q2 24
14.7%
Q1 24
14.5%
Q4 23
13.1%
Net Margin
KGC
KGC
ULTA
ULTA
Q4 25
8.1%
Q3 25
9.4%
Q2 25
10.7%
Q4 24
9.6%
Q3 24
9.9%
Q2 24
11.5%
Q1 24
11.1%
Q4 23
10.0%
EPS (diluted)
KGC
KGC
ULTA
ULTA
Q4 25
$5.14
Q3 25
$5.78
Q2 25
$6.70
Q4 24
$5.14
Q3 24
$5.30
Q2 24
$6.47
Q1 24
$8.06
Q4 23
$5.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
KGC
KGC
ULTA
ULTA
Cash + ST InvestmentsLiquidity on hand
$418.1M
$204.9M
Total DebtLower is stronger
$751.5M
Stockholders' EquityBook value
$2.6B
Total Assets
$10.4B
$7.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KGC
KGC
ULTA
ULTA
Q4 25
$204.9M
Q3 25
$242.7M
Q2 25
$454.6M
Q4 24
$177.8M
Q3 24
$414.0M
Q2 24
$524.6M
Q1 24
$766.6M
Q4 23
$121.8M
Stockholders' Equity
KGC
KGC
ULTA
ULTA
Q4 25
$2.6B
Q3 25
$2.6B
Q2 25
$2.4B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Q4 23
$2.0B
Total Assets
KGC
KGC
ULTA
ULTA
Q4 25
$7.0B
Q3 25
$6.6B
Q2 25
$6.0B
Q4 24
$6.0B
Q3 24
$5.7B
Q2 24
$5.6B
Q1 24
$5.7B
Q4 23
$5.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
KGC
KGC
ULTA
ULTA
Operating Cash FlowLast quarter
$649.0M
$5.6M
Free Cash FlowOCF − Capex
$-81.6M
FCF MarginFCF / Revenue
-2.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
0.02×
TTM Free Cash FlowTrailing 4 quarters
$-92.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KGC
KGC
ULTA
ULTA
Q4 25
$5.6M
Q3 25
$96.5M
Q2 25
$220.0M
Q4 24
$-56.8M
Q3 24
$199.5M
Q2 24
$159.3M
Q1 24
$1.1B
Q4 23
$-70.8M
Free Cash Flow
KGC
KGC
ULTA
ULTA
Q4 25
$-81.6M
Q3 25
$19.6M
Q2 25
$141.0M
Q4 24
$-171.1M
Q3 24
$104.3M
Q2 24
$68.3M
Q1 24
$994.0M
Q4 23
$-177.1M
FCF Margin
KGC
KGC
ULTA
ULTA
Q4 25
-2.9%
Q3 25
0.7%
Q2 25
4.9%
Q4 24
-6.8%
Q3 24
4.1%
Q2 24
2.5%
Q1 24
28.0%
Q4 23
-7.1%
Capex Intensity
KGC
KGC
ULTA
ULTA
Q4 25
3.1%
Q3 25
2.8%
Q2 25
2.8%
Q4 24
4.5%
Q3 24
3.7%
Q2 24
3.3%
Q1 24
3.5%
Q4 23
4.3%
Cash Conversion
KGC
KGC
ULTA
ULTA
Q4 25
0.02×
Q3 25
0.37×
Q2 25
0.72×
Q4 24
-0.23×
Q3 24
0.79×
Q2 24
0.51×
Q1 24
2.84×
Q4 23
-0.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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