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Side-by-side financial comparison of Ulta Beauty (ULTA) and Williams-Sonoma, Inc. (WSM). Click either name above to swap in a different company.
Ulta Beauty is the larger business by last-quarter revenue ($2.9B vs $1.9B, roughly 1.5× Williams-Sonoma, Inc.). Williams-Sonoma, Inc. runs the higher net margin — 12.8% vs 8.1%, a 4.8% gap on every dollar of revenue. On growth, Ulta Beauty posted the faster year-over-year revenue change (12.9% vs 4.6%). Williams-Sonoma, Inc. produced more free cash flow last quarter ($248.1M vs $-81.6M). Over the past eight quarters, Ulta Beauty's revenue compounded faster (7.2% CAGR vs -9.1%).
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.
Williams Sonoma is an American retailer of cookware, appliances, and home furnishings. It is owned by Williams-Sonoma, Inc., and was founded by Charles E. (Chuck) Williams in 1956.
ULTA vs WSM — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.9B | $1.9B |
| Net Profit | $230.9M | $241.6M |
| Gross Margin | 40.4% | 46.1% |
| Operating Margin | 10.8% | 17.0% |
| Net Margin | 8.1% | 12.8% |
| Revenue YoY | 12.9% | 4.6% |
| Net Profit YoY | -4.7% | -3.0% |
| EPS (diluted) | $5.14 | $1.96 |
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 | $2.9B | $1.9B | ||
| Q3 25 | $2.8B | $1.8B | ||
| Q2 25 | $2.8B | $1.7B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.6B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $3.6B | $2.3B |
| Q4 25 | $230.9M | $241.6M | ||
| Q3 25 | $260.9M | $247.6M | ||
| Q2 25 | $305.1M | $231.3M | ||
| Q1 25 | — | $384.9M | ||
| Q4 24 | $242.2M | $249.0M | ||
| Q3 24 | $252.6M | $225.7M | ||
| Q2 24 | $313.1M | $265.7M | ||
| Q1 24 | $394.4M | $354.4M |
| Q4 25 | 40.4% | 46.1% | ||
| Q3 25 | 39.2% | 47.1% | ||
| Q2 25 | 39.1% | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | 39.7% | 46.7% | ||
| Q3 24 | 38.3% | 46.2% | ||
| Q2 24 | 39.2% | 48.3% | ||
| Q1 24 | 37.7% | 46.0% |
| Q4 25 | 10.8% | 17.0% | ||
| Q3 25 | 12.4% | 17.9% | ||
| Q2 25 | 14.1% | 16.8% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | 12.6% | 17.8% | ||
| Q3 24 | 12.9% | 16.2% | ||
| Q2 24 | 14.7% | 19.5% | ||
| Q1 24 | 14.5% | 20.1% |
| Q4 25 | 8.1% | 12.8% | ||
| Q3 25 | 9.4% | 13.5% | ||
| Q2 25 | 10.7% | 13.4% | ||
| Q1 25 | — | 15.6% | ||
| Q4 24 | 9.6% | 13.8% | ||
| Q3 24 | 9.9% | 12.6% | ||
| Q2 24 | 11.5% | 16.0% | ||
| Q1 24 | 11.1% | 15.6% |
| Q4 25 | $5.14 | $1.96 | ||
| Q3 25 | $5.78 | $2.00 | ||
| Q2 25 | $6.70 | $1.85 | ||
| Q1 25 | — | $1.02 | ||
| Q4 24 | $5.14 | $1.96 | ||
| Q3 24 | $5.30 | $1.74 | ||
| Q2 24 | $6.47 | $4.07 | ||
| Q1 24 | $8.06 | $5.42 |
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 | $884.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $2.1B |
| Total Assets | $7.0B | $5.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $204.9M | $884.7M | ||
| Q3 25 | $242.7M | $985.8M | ||
| Q2 25 | $454.6M | $1.0B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $177.8M | $826.8M | ||
| Q3 24 | $414.0M | $1.3B | ||
| Q2 24 | $524.6M | $1.3B | ||
| Q1 24 | $766.6M | $1.3B |
| Q4 25 | $2.6B | $2.1B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $2.4B | $2.2B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.3B | $2.3B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.3B | $2.1B |
| Q4 25 | $7.0B | $5.3B | ||
| Q3 25 | $6.6B | $5.2B | ||
| Q2 25 | $6.0B | $5.2B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $6.0B | $5.0B | ||
| Q3 24 | $5.7B | $5.2B | ||
| Q2 24 | $5.6B | $5.2B | ||
| Q1 24 | $5.7B | $5.3B |
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 | $316.3M |
| Free Cash FlowOCF − Capex | $-81.6M | $248.1M |
| FCF MarginFCF / Revenue | -2.9% | 13.2% |
| Capex IntensityCapex / Revenue | 3.1% | 3.6% |
| Cash ConversionOCF / Net Profit | 0.02× | 1.31× |
| TTM Free Cash FlowTrailing 4 quarters | $-92.2M | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.6M | $316.3M | ||
| Q3 25 | $96.5M | $282.7M | ||
| Q2 25 | $220.0M | $118.9M | ||
| Q1 25 | — | $633.5M | ||
| Q4 24 | $-56.8M | $253.5M | ||
| Q3 24 | $199.5M | $246.5M | ||
| Q2 24 | $159.3M | $226.8M | ||
| Q1 24 | $1.1B | $674.9M |
| Q4 25 | $-81.6M | $248.1M | ||
| Q3 25 | $19.6M | $230.7M | ||
| Q2 25 | $141.0M | $60.7M | ||
| Q1 25 | — | $566.3M | ||
| Q4 24 | $-171.1M | $170.1M | ||
| Q3 24 | $104.3M | $215.1M | ||
| Q2 24 | $68.3M | $187.3M | ||
| Q1 24 | $994.0M | $621.2M |
| Q4 25 | -2.9% | 13.2% | ||
| Q3 25 | 0.7% | 12.6% | ||
| Q2 25 | 4.9% | 3.5% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | -6.8% | 9.4% | ||
| Q3 24 | 4.1% | 12.0% | ||
| Q2 24 | 2.5% | 11.3% | ||
| Q1 24 | 28.0% | 27.3% |
| Q4 25 | 3.1% | 3.6% | ||
| Q3 25 | 2.8% | 2.8% | ||
| Q2 25 | 2.8% | 3.4% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | 4.5% | 4.6% | ||
| Q3 24 | 3.7% | 1.8% | ||
| Q2 24 | 3.3% | 2.4% | ||
| Q1 24 | 3.5% | 2.4% |
| Q4 25 | 0.02× | 1.31× | ||
| Q3 25 | 0.37× | 1.14× | ||
| Q2 25 | 0.72× | 0.51× | ||
| Q1 25 | — | 1.65× | ||
| Q4 24 | -0.23× | 1.02× | ||
| Q3 24 | 0.79× | 1.09× | ||
| Q2 24 | 0.51× | 0.85× | ||
| Q1 24 | 2.84× | 1.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
