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Side-by-side financial comparison of MERCURY GENERAL CORP (MCY) 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 $1.5B, roughly 1.9× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs 8.1%, a 5.1% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 12.4%). MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $-81.6M). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% CAGR vs 7.2%).
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
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.
MCY vs ULTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $2.9B |
| Net Profit | $202.5M | $230.9M |
| Gross Margin | 99.7% | 40.4% |
| Operating Margin | 16.2% | 10.8% |
| Net Margin | 13.2% | 8.1% |
| Revenue YoY | 12.4% | 12.9% |
| Net Profit YoY | 100.4% | -4.7% |
| EPS (diluted) | $3.66 | $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.
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.6B | $2.8B | ||
| Q2 25 | $1.5B | $2.8B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.3B | $2.7B | ||
| Q1 24 | $1.3B | $3.6B |
| Q4 25 | $202.5M | $230.9M | ||
| Q3 25 | $280.4M | $260.9M | ||
| Q2 25 | $166.5M | $305.1M | ||
| Q1 25 | $-108.3M | — | ||
| Q4 24 | $101.1M | $242.2M | ||
| Q3 24 | $230.9M | $252.6M | ||
| Q2 24 | $62.6M | $313.1M | ||
| Q1 24 | $73.5M | $394.4M |
| Q4 25 | 99.7% | 40.4% | ||
| Q3 25 | 99.8% | 39.2% | ||
| Q2 25 | 99.8% | 39.1% | ||
| Q1 25 | 99.7% | — | ||
| Q4 24 | 99.7% | 39.7% | ||
| Q3 24 | 99.8% | 38.3% | ||
| Q2 24 | 99.8% | 39.2% | ||
| Q1 24 | 99.7% | 37.7% |
| Q4 25 | 16.2% | 10.8% | ||
| Q3 25 | 22.1% | 12.4% | ||
| Q2 25 | 14.0% | 14.1% | ||
| Q1 25 | -10.2% | — | ||
| Q4 24 | 9.0% | 12.6% | ||
| Q3 24 | 18.8% | 12.9% | ||
| Q2 24 | 5.8% | 14.7% | ||
| Q1 24 | 7.0% | 14.5% |
| Q4 25 | 13.2% | 8.1% | ||
| Q3 25 | 17.7% | 9.4% | ||
| Q2 25 | 11.3% | 10.7% | ||
| Q1 25 | -7.8% | — | ||
| Q4 24 | 7.4% | 9.6% | ||
| Q3 24 | 15.1% | 9.9% | ||
| Q2 24 | 4.8% | 11.5% | ||
| Q1 24 | 5.8% | 11.1% |
| Q4 25 | $3.66 | $5.14 | ||
| Q3 25 | $5.06 | $5.78 | ||
| Q2 25 | $3.01 | $6.70 | ||
| Q1 25 | $-1.96 | — | ||
| Q4 24 | $1.82 | $5.14 | ||
| Q3 24 | $4.17 | $5.30 | ||
| Q2 24 | $1.13 | $6.47 | ||
| Q1 24 | $1.33 | $8.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $204.9M |
| Total DebtLower is stronger | $575.0M | — |
| Stockholders' EquityBook value | $2.4B | $2.6B |
| Total Assets | $9.6B | $7.0B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | — | $766.6M |
| Q4 25 | $575.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $575.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.4B | $2.6B | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.0B | $2.4B | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.9B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.6B | $2.3B |
| Q4 25 | $9.6B | $7.0B | ||
| Q3 25 | $9.4B | $6.6B | ||
| Q2 25 | $9.1B | $6.0B | ||
| Q1 25 | $9.0B | — | ||
| Q4 24 | $8.3B | $6.0B | ||
| Q3 24 | $8.2B | $5.7B | ||
| Q2 24 | $7.7B | $5.6B | ||
| Q1 24 | $7.4B | $5.7B |
| Q4 25 | 0.24× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $287.9M | $5.6M |
| Free Cash FlowOCF − Capex | $273.9M | $-81.6M |
| FCF MarginFCF / Revenue | 17.8% | -2.9% |
| Capex IntensityCapex / Revenue | 0.9% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.42× | 0.02× |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $-92.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $287.9M | $5.6M | ||
| Q3 25 | $496.4M | $96.5M | ||
| Q2 25 | $371.6M | $220.0M | ||
| Q1 25 | $-68.7M | — | ||
| Q4 24 | $248.3M | $-56.8M | ||
| Q3 24 | $318.1M | $199.5M | ||
| Q2 24 | $278.0M | $159.3M | ||
| Q1 24 | $192.6M | $1.1B |
| Q4 25 | $273.9M | $-81.6M | ||
| Q3 25 | $479.5M | $19.6M | ||
| Q2 25 | $357.2M | $141.0M | ||
| Q1 25 | $-81.9M | — | ||
| Q4 24 | $236.0M | $-171.1M | ||
| Q3 24 | $306.2M | $104.3M | ||
| Q2 24 | $266.5M | $68.3M | ||
| Q1 24 | $182.4M | $994.0M |
| Q4 25 | 17.8% | -2.9% | ||
| Q3 25 | 30.3% | 0.7% | ||
| Q2 25 | 24.2% | 4.9% | ||
| Q1 25 | -5.9% | — | ||
| Q4 24 | 17.3% | -6.8% | ||
| Q3 24 | 20.0% | 4.1% | ||
| Q2 24 | 20.4% | 2.5% | ||
| Q1 24 | 14.3% | 28.0% |
| Q4 25 | 0.9% | 3.1% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 1.0% | 2.8% | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 0.9% | 4.5% | ||
| Q3 24 | 0.8% | 3.7% | ||
| Q2 24 | 0.9% | 3.3% | ||
| Q1 24 | 0.8% | 3.5% |
| Q4 25 | 1.42× | 0.02× | ||
| Q3 25 | 1.77× | 0.37× | ||
| Q2 25 | 2.23× | 0.72× | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.46× | -0.23× | ||
| Q3 24 | 1.38× | 0.79× | ||
| Q2 24 | 4.44× | 0.51× | ||
| Q1 24 | 2.62× | 2.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
