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Ulta Beauty vs Bath & Body Works: ULTA and BBWI compared
Ulta Beauty is the larger company: $3.0B of revenue in its latest quarter (Q2 FY27) against $1.5B for Bath & Body Works (Q2 FY27). Ulta Beauty is growing faster (+9% against -2% a year earlier). Bath & Body Works is more profitable, with an operating margin of 14.3% against 12.5%.
Where the money goes: ULTA and BBWI
Ulta Beauty (ULTA) · Q2 FY27
Ulta Beauty, Q2 FY27: revenue $3.0B (+9% year over year), operating margin 12.5%, net earnings $282M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
Bath & Body Works (BBWI) · Q2 FY27
Bath & Body Works, Q2 FY27: revenue $1.5B (-2% year over year), operating margin 14.3%, net earnings $118M, operating cash flow $72.0M. The chart follows the revenue to costs, profit and cash.
| Ulta Beauty (ULTA) | Bath & Body Works (BBWI) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $3.0B | $1.5B |
| Revenue growth, Y/Y | +9% | -2% |
| Gross margin | 39.1% | 45.7% |
| Operating margin | 12.5% | 14.3% |
| Net earnings | $282M | $118M |
| Net margin | 9.3% | 7.8% |
| Operating cash flow | $120M | $72.0M |
| Free cash flow | $38.4M | $23.0M |
| Market value | $27.8B | $4.3B |
| P/E | 22.8× | 5.5× |
| Analysts’ mean target | $635.84 | $24.53 |
Questions
Which is bigger, Ulta Beauty or Bath & Body Works?
Ulta Beauty is the larger company: $3.0B of revenue in its latest quarter (Q2 FY27) against $1.5B for Bath & Body Works (Q2 FY27).
Is Ulta Beauty or Bath & Body Works growing faster?
Ulta Beauty is growing faster (+9% against -2% a year earlier).
Which is more profitable, Ulta Beauty or Bath & Body Works?
Bath & Body Works is more profitable, with an operating margin of 14.3% against 12.5%.
More: Ulta Beauty earnings · how Ulta Beauty makes money · Bath & Body Works earnings · how Bath & Body Works makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Aug 26, 2026). Fiscal quarters can end on different dates. Not investment advice.