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Side-by-side financial comparison of MATTEL INC (MAT) 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 $862.2M, roughly 3.3× MATTEL INC). Ulta Beauty runs the higher net margin — 8.1% vs 7.1%, a 1.0% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 4.3%). Ulta Beauty produced more free cash flow last quarter ($-81.6M vs $-88.1M). Over the past eight quarters, Ulta Beauty's revenue compounded faster (7.2% CAGR vs -10.6%).
Mattel Films was the film production division of American toy and entertainment company Mattel that operated from September 6, 2018 to June 2, 2025. It succeeded Mattel Playground Productions, which was formed on October 16, 2013 as part of Mattel Global Brands, a unified media structural and strategy unit, as itself the successor to Mattel Entertainment and Mattel Studios, Mattel's prior entertainment brands/banners.
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.
MAT vs ULTA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $862.2M | $2.9B |
| Net Profit | $61.0M | $230.9M |
| Gross Margin | 44.9% | 40.4% |
| Operating Margin | — | 10.8% |
| Net Margin | 7.1% | 8.1% |
| Revenue YoY | 4.3% | 12.9% |
| Net Profit YoY | 251.4% | -4.7% |
| EPS (diluted) | $0.20 | $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.
| Q1 26 | $862.2M | — | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.0B | $2.8B | ||
| Q1 25 | $826.6M | — | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.8B | $2.6B | ||
| Q2 24 | $1.1B | $2.7B |
| Q1 26 | $61.0M | — | ||
| Q4 25 | $106.2M | $230.9M | ||
| Q3 25 | $278.4M | $260.9M | ||
| Q2 25 | $53.4M | $305.1M | ||
| Q1 25 | $-40.3M | — | ||
| Q4 24 | $140.9M | $242.2M | ||
| Q3 24 | $372.4M | $252.6M | ||
| Q2 24 | $56.9M | $313.1M |
| Q1 26 | 44.9% | — | ||
| Q4 25 | 45.9% | 40.4% | ||
| Q3 25 | 50.0% | 39.2% | ||
| Q2 25 | 50.9% | 39.1% | ||
| Q1 25 | 49.4% | — | ||
| Q4 24 | 50.7% | 39.7% | ||
| Q3 24 | 53.1% | 38.3% | ||
| Q2 24 | 49.2% | 39.2% |
| Q1 26 | — | — | ||
| Q4 25 | 8.0% | 10.8% | ||
| Q3 25 | 21.9% | 12.4% | ||
| Q2 25 | 7.7% | 14.1% | ||
| Q1 25 | -6.4% | — | ||
| Q4 24 | 9.6% | 12.6% | ||
| Q3 24 | 26.5% | 12.9% | ||
| Q2 24 | 7.7% | 14.7% |
| Q1 26 | 7.1% | — | ||
| Q4 25 | 6.0% | 8.1% | ||
| Q3 25 | 16.0% | 9.4% | ||
| Q2 25 | 5.2% | 10.7% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 8.6% | 9.6% | ||
| Q3 24 | 20.2% | 9.9% | ||
| Q2 24 | 5.3% | 11.5% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.32 | $5.14 | ||
| Q3 25 | $0.88 | $5.78 | ||
| Q2 25 | $0.16 | $6.70 | ||
| Q1 25 | $-0.12 | — | ||
| Q4 24 | $0.40 | $5.14 | ||
| Q3 24 | $1.09 | $5.30 | ||
| Q2 24 | $0.17 | $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 | $866.0M | $204.9M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.6B |
| Total Assets | $6.3B | $7.0B |
| Debt / EquityLower = less leverage | 1.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $866.0M | — | ||
| Q4 25 | $1.2B | $204.9M | ||
| Q3 25 | $691.9M | $242.7M | ||
| Q2 25 | $870.5M | $454.6M | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.4B | $177.8M | ||
| Q3 24 | $723.5M | $414.0M | ||
| Q2 24 | $722.4M | $524.6M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $2.6B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $2.2B | $2.4B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.3B | $2.3B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.0B | $2.3B |
| Q1 26 | $6.3B | — | ||
| Q4 25 | $6.6B | $7.0B | ||
| Q3 25 | $6.6B | $6.6B | ||
| Q2 25 | $6.2B | $6.0B | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $6.5B | $6.0B | ||
| Q3 24 | $6.5B | $5.7B | ||
| Q2 24 | $5.9B | $5.6B |
| Q1 26 | 1.11× | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.08× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.18× | — |
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 | — | $5.6M |
| Free Cash FlowOCF − Capex | $-88.1M | $-81.6M |
| FCF MarginFCF / Revenue | -10.2% | -2.9% |
| Capex IntensityCapex / Revenue | 7.6% | 3.1% |
| Cash ConversionOCF / Net Profit | — | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $796.6M | $5.6M | ||
| Q3 25 | $72.0M | $96.5M | ||
| Q2 25 | $-300.1M | $220.0M | ||
| Q1 25 | $24.8M | — | ||
| Q4 24 | $862.1M | $-56.8M | ||
| Q3 24 | $155.8M | $199.5M | ||
| Q2 24 | $-252.9M | $159.3M |
| Q1 26 | $-88.1M | — | ||
| Q4 25 | — | $-81.6M | ||
| Q3 25 | — | $19.6M | ||
| Q2 25 | — | $141.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-171.1M | ||
| Q3 24 | — | $104.3M | ||
| Q2 24 | — | $68.3M |
| Q1 26 | -10.2% | — | ||
| Q4 25 | — | -2.9% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -6.8% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | — | 2.8% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.50× | 0.02× | ||
| Q3 25 | 0.26× | 0.37× | ||
| Q2 25 | -5.62× | 0.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.12× | -0.23× | ||
| Q3 24 | 0.42× | 0.79× | ||
| Q2 24 | -4.45× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
