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Side-by-side financial comparison of Synopsys (SNPS) 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 $2.4B, roughly 1.6× Synopsys). Ulta Beauty runs the higher net margin — 9.1% vs 2.7%, a 6.5% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (100.0% vs -2.2%). Over the past eight quarters, Synopsys's revenue compounded faster (28.7% CAGR vs 4.7%).
Synopsys, Inc. is an American multinational electronic design automation (EDA) company headquartered in Sunnyvale, California, that focuses on design and verification of silicon chips, electronic system-level design and verification, and reusable components. Synopsys supplies tools and services to the semiconductor design and manufacturing industry.
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.
SNPS vs ULTA — Head-to-Head
Income Statement — Q1 FY2027 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $3.9B |
| Net Profit | $64.7M | $356.7M |
| Gross Margin | 73.5% | 38.1% |
| Operating Margin | 8.4% | 12.2% |
| Net Margin | 2.7% | 9.1% |
| Revenue YoY | -2.2% | 100.0% |
| Net Profit YoY | -78.2% | 9.1% |
| EPS (diluted) | $0.34 | $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.
| Q4 26 | $2.4B | — | ||
| Q1 26 | — | $3.9B | ||
| Q4 25 | $2.3B | $2.9B | ||
| Q3 25 | $1.7B | $2.8B | ||
| Q2 25 | $1.6B | $2.8B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $2.5B | ||
| Q3 24 | $1.5B | $2.6B |
| Q4 26 | $64.7M | — | ||
| Q1 26 | — | $356.7M | ||
| Q4 25 | $448.7M | $230.9M | ||
| Q3 25 | $242.5M | $260.9M | ||
| Q2 25 | $345.3M | $305.1M | ||
| Q1 25 | $295.7M | — | ||
| Q4 24 | $1.1B | $242.2M | ||
| Q3 24 | $408.1M | $252.6M |
| Q4 26 | 73.5% | — | ||
| Q1 26 | — | 38.1% | ||
| Q4 25 | 71.0% | 40.4% | ||
| Q3 25 | 78.1% | 39.2% | ||
| Q2 25 | 80.2% | 39.1% | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 78.3% | 39.7% | ||
| Q3 24 | 80.9% | 38.3% |
| Q4 26 | 8.4% | — | ||
| Q1 26 | — | 12.2% | ||
| Q4 25 | 5.4% | 10.8% | ||
| Q3 25 | 9.5% | 12.4% | ||
| Q2 25 | 23.5% | 14.1% | ||
| Q1 25 | 17.3% | — | ||
| Q4 24 | 20.3% | 12.6% | ||
| Q3 24 | 23.6% | 12.9% |
| Q4 26 | 2.7% | — | ||
| Q1 26 | — | 9.1% | ||
| Q4 25 | 19.9% | 8.1% | ||
| Q3 25 | 13.9% | 9.4% | ||
| Q2 25 | 21.5% | 10.7% | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 74.4% | 9.6% | ||
| Q3 24 | 26.7% | 9.9% |
| Q4 26 | $0.34 | — | ||
| Q1 26 | — | $8.01 | ||
| Q4 25 | $2.44 | $5.14 | ||
| Q3 25 | $1.50 | $5.78 | ||
| Q2 25 | $2.21 | $6.70 | ||
| Q1 25 | $1.89 | — | ||
| Q4 24 | $7.13 | $5.14 | ||
| Q3 24 | $2.61 | $5.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.2B | $494.2M |
| Total DebtLower is stronger | $10.0B | $62.3M |
| Stockholders' EquityBook value | $30.5B | $2.8B |
| Total Assets | $47.2B | $7.0B |
| Debt / EquityLower = less leverage | 0.33× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | $2.2B | — | ||
| Q1 26 | — | $494.2M | ||
| Q4 25 | $3.0B | $204.9M | ||
| Q3 25 | $2.6B | $242.7M | ||
| Q2 25 | $14.3B | $454.6M | ||
| Q1 25 | $3.8B | — | ||
| Q4 24 | $4.1B | $177.8M | ||
| Q3 24 | $2.0B | $414.0M |
| Q4 26 | $10.0B | — | ||
| Q1 26 | — | $62.3M | ||
| Q4 25 | $13.5B | — | ||
| Q3 25 | $14.3B | — | ||
| Q2 25 | $10.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q4 26 | $30.5B | — | ||
| Q1 26 | — | $2.8B | ||
| Q4 25 | $28.3B | $2.6B | ||
| Q3 25 | $27.6B | $2.6B | ||
| Q2 25 | $9.9B | $2.4B | ||
| Q1 25 | $9.3B | — | ||
| Q4 24 | $9.0B | $2.3B | ||
| Q3 24 | $7.7B | $2.3B |
| Q4 26 | $47.2B | — | ||
| Q1 26 | — | $7.0B | ||
| Q4 25 | $48.2B | $7.0B | ||
| Q3 25 | $48.2B | $6.6B | ||
| Q2 25 | $23.8B | $6.0B | ||
| Q1 25 | $13.0B | — | ||
| Q4 24 | $13.1B | $6.0B | ||
| Q3 24 | $11.6B | $5.7B |
| Q4 26 | 0.33× | — | ||
| Q1 26 | — | 0.02× | ||
| Q4 25 | 0.48× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 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 | — | $1.5B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 11.2% |
| Cash ConversionOCF / Net Profit | — | 4.21× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 26 | — | — | ||
| Q1 26 | — | $1.5B | ||
| Q4 25 | $639.7M | $5.6M | ||
| Q3 25 | $671.0M | $96.5M | ||
| Q2 25 | $275.4M | $220.0M | ||
| Q1 25 | $-67.5M | — | ||
| Q4 24 | $562.8M | $-56.8M | ||
| Q3 24 | $455.4M | $199.5M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $605.2M | $-81.6M | ||
| Q3 25 | $632.4M | $19.6M | ||
| Q2 25 | $219.8M | $141.0M | ||
| Q1 25 | $-108.2M | — | ||
| Q4 24 | $558.4M | $-171.1M | ||
| Q3 24 | $415.4M | $104.3M |
| Q4 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 26.8% | -2.9% | ||
| Q3 25 | 36.3% | 0.7% | ||
| Q2 25 | 13.7% | 4.9% | ||
| Q1 25 | -7.4% | — | ||
| Q4 24 | 37.3% | -6.8% | ||
| Q3 24 | 27.2% | 4.1% |
| Q4 26 | — | — | ||
| Q1 26 | — | 11.2% | ||
| Q4 25 | 1.5% | 3.1% | ||
| Q3 25 | 2.2% | 2.8% | ||
| Q2 25 | 3.5% | 2.8% | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 0.3% | 4.5% | ||
| Q3 24 | 2.6% | 3.7% |
| Q4 26 | — | — | ||
| Q1 26 | — | 4.21× | ||
| Q4 25 | 1.43× | 0.02× | ||
| Q3 25 | 2.77× | 0.37× | ||
| Q2 25 | 0.80× | 0.72× | ||
| Q1 25 | -0.23× | — | ||
| Q4 24 | 0.51× | -0.23× | ||
| Q3 24 | 1.12× | 0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNPS
| Time-based products | $951.5M | 40% |
| Upfront products | $741.5M | 31% |
| Maintenance and service | $715.7M | 30% |
ULTA
Segment breakdown not available.
