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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) 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 $2.4B, roughly 1.2× OLD REPUBLIC INTERNATIONAL CORP). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 8.1%, a 5.7% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 6.7%). Over the past eight quarters, OLD REPUBLIC INTERNATIONAL CORP's revenue compounded faster (13.2% CAGR vs 7.2%).
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
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.
ORI vs ULTA — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $2.9B |
| Net Profit | $330.0M | $230.9M |
| Gross Margin | — | 40.4% |
| Operating Margin | — | 10.8% |
| Net Margin | 13.8% | 8.1% |
| Revenue YoY | 6.7% | 12.9% |
| Net Profit YoY | 34.7% | -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.
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $2.9B | ||
| Q3 25 | $2.4B | $2.8B | ||
| Q2 25 | $2.2B | $2.8B | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | $2.5B | ||
| Q3 24 | $2.3B | $2.6B | ||
| Q2 24 | $1.9B | $2.7B |
| Q1 26 | $330.0M | — | ||
| Q4 25 | $206.5M | $230.9M | ||
| Q3 25 | $279.5M | $260.9M | ||
| Q2 25 | $204.4M | $305.1M | ||
| Q1 25 | $245.0M | — | ||
| Q4 24 | $105.3M | $242.2M | ||
| Q3 24 | $338.9M | $252.6M | ||
| Q2 24 | $91.8M | $313.1M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | — | 10.8% | ||
| Q3 25 | 14.6% | 12.4% | ||
| Q2 25 | 11.8% | 14.1% | ||
| Q1 25 | 14.6% | — | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 18.2% | 12.9% | ||
| Q2 24 | 6.1% | 14.7% |
| Q1 26 | 13.8% | — | ||
| Q4 25 | 8.6% | 8.1% | ||
| Q3 25 | 11.5% | 9.4% | ||
| Q2 25 | 9.3% | 10.7% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 5.3% | 9.6% | ||
| Q3 24 | 14.5% | 9.9% | ||
| Q2 24 | 4.9% | 11.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $5.14 | ||
| Q3 25 | $1.11 | $5.78 | ||
| Q2 25 | $0.81 | $6.70 | ||
| Q1 25 | $0.98 | — | ||
| Q4 24 | $0.42 | $5.14 | ||
| Q3 24 | $1.32 | $5.30 | ||
| Q2 24 | $0.35 | $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 | — | $204.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9M | $2.6B |
| Total Assets | $29.6M | $7.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | $5.9M | — | ||
| Q4 25 | $5.9B | $2.6B | ||
| Q3 25 | $6.4B | $2.6B | ||
| Q2 25 | $6.2B | $2.4B | ||
| Q1 25 | $5.9B | — | ||
| Q4 24 | $5.6B | $2.3B | ||
| Q3 24 | $6.4B | $2.3B | ||
| Q2 24 | $6.0B | $2.3B |
| Q1 26 | $29.6M | — | ||
| Q4 25 | $29.9B | $7.0B | ||
| Q3 25 | $30.3B | $6.6B | ||
| Q2 25 | $29.3B | $6.0B | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.8B | $6.0B | ||
| Q3 24 | $28.8B | $5.7B | ||
| Q2 24 | $27.5B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $234.9M | $5.6M | ||
| Q3 25 | $563.9M | $96.5M | ||
| Q2 25 | $133.8M | $220.0M | ||
| Q1 25 | $231.7M | — | ||
| Q4 24 | $361.7M | $-56.8M | ||
| Q3 24 | $474.8M | $199.5M | ||
| Q2 24 | $236.5M | $159.3M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| 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 | — | — | ||
| 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 | 1.14× | 0.02× | ||
| Q3 25 | 2.02× | 0.37× | ||
| Q2 25 | 0.65× | 0.72× | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 3.43× | -0.23× | ||
| Q3 24 | 1.40× | 0.79× | ||
| Q2 24 | 2.58× | 0.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORI
| operating | $2.2B | 92% |
| Other | $201.8M | 8% |
ULTA
Segment breakdown not available.
