HD vs. ULTA: Home Depot vs. Ulta Beauty Stock Comparison

November 11, 2026

How do Home Depot (HD) and Ulta Beauty (ULTA) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Home Depot (HD) and Ulta Beauty (ULTA) both belong to the Specialty Retail industry, though HD is classified under Home Improvement Retail while ULTA falls under Other Specialty Retail.

Company profile comparison for Home Depot (HD) and Ulta Beauty (ULTA)
Profile Item	HD	ULTA
Name	The Home Depot, Inc.	Ulta Beauty, Inc.
Country/Region	United States	United States
GICS Sector	Consumer Discretionary	Consumer Discretionary
GICS Industry Group	Consumer Discretionary Distribution & Retail	Consumer Discretionary Distribution & Retail
GICS Industry	Specialty Retail	Specialty Retail
GICS Sub-Industry	Home Improvement Retail	Other Specialty Retail
Market Capitalization	342.68 billion USD	27.57 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	September 22, 1981	October 25, 2007
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

ULTA

GSPC

Home Depot (HD) vs. Ulta Beauty (ULTA), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Home Depot (HD) and Ulta Beauty (ULTA). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Home Depot (HD) and Ulta Beauty (ULTA). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Total Return (1Y)	-2.13%	29.08%
Total Return (3Y, Annualized)	9.84%	19.79%
Total Return (5Y, Annualized)	1.58%	11.09%

Risk Profile

Drawdown History

ULTA

GSPC

Home Depot (HD) vs. Ulta Beauty (ULTA), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Home Depot (HD) and Ulta Beauty (ULTA). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Volatility (1Y, Annualized)	28.07%	36.05%
Beta (5Y)	0.92	0.82
Max Drawdown (5Y)	-34.73%	-44.56%
Avg. Volume (3M)	4.59M	548.94K

Risk-Adjusted Performance

Risk-Return Positioning

HD and ULTA are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Sharpe Ratio (1Y)	-0.23	0.69
Sortino Ratio (1Y)	-0.35	1.01

Profitability

ROE (TTM)

Both companies show strong equity returns, but Home Depot (HD) at 104.30% is the standout with ROE above its industry range; Ulta Beauty (ULTA) at 46.12% also sits in the top quartile.

HD

Consumer Discretionary Distribution & Retail industry group

104.30%

HD: 104.30%
Max: 62.17%
Q3: 29.44%
Median: 15.69%
Q1: 6.73%
Min: -12.16%

ULTA

Consumer Discretionary Distribution & Retail industry group

46.12%

Max: 62.17%
ULTA: 46.12%
Q3: 29.44%
Median: 15.69%
Q1: 6.73%
Min: -12.16%

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their ROE against the Consumer Discretionary Distribution & Retail industry group benchmark.

Net Margin (TTM)

Ulta Beauty (ULTA) at 9.34% retains a top-quartile share of revenue as profit, ahead of Home Depot (HD) at 8.41%, which keeps about the industry-typical share.

HD

Consumer Discretionary Distribution & Retail industry group

8.41%

Max: 16.94%
Q3: 8.69%
HD: 8.41%
Median: 3.55%
Q1: 1.14%
Min: -9.41%

ULTA

Consumer Discretionary Distribution & Retail industry group

9.34%

Max: 16.94%
ULTA: 9.34%
Q3: 8.69%
Median: 3.55%
Q1: 1.14%
Min: -9.41%

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their net margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Operating Margin (TTM)

Both Home Depot (HD) at 12.86% and Ulta Beauty (ULTA) at 12.51% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

HD

Consumer Discretionary Distribution & Retail industry group

12.86%

Max: 21.45%
HD: 12.86%
Q3: 10.89%
Median: 5.57%
Q1: 2.28%
Min: -7.12%

ULTA

Consumer Discretionary Distribution & Retail industry group

12.51%

Max: 21.45%
ULTA: 12.51%
Q3: 10.89%
Median: 5.57%
Q1: 2.28%
Min: -7.12%

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their operating margin against the Consumer Discretionary Distribution & Retail industry group benchmark.

Profitability Metrics

Profitability metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
ROE (TTM)	104.30%	46.12%
ROA (TTM)	12.14%	14.84%
Net Margin (TTM)	8.41%	9.34%
Operating Margin (TTM)	12.86%	12.51%
Gross Margin (TTM)	32.80%	43.10%

Growth

Revenue Growth

Both Home Depot (HD) at 3.24% and Ulta Beauty (ULTA) at 9.71% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Home Depot (HD) at -4.56% and Ulta Beauty (ULTA) at 1.18% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Revenue Growth (YoY)	3.24%	9.71%
Revenue Growth (3Y CAGR)	1.52%	6.68%
EPS Growth (YoY)	-4.56%	1.18%
EPS Growth (3Y CAGR)	-5.18%	2.21%

Financial Strength

Current Ratio (MRQ)

Both Home Depot (HD) at 1.08 and Ulta Beauty (ULTA) at 1.35 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

HD

Consumer Discretionary Distribution & Retail industry group

1.08

Max: 2.62
Q3: 1.75
Median: 1.35
HD: 1.08
Q1: 1.00
Min: 0.48

ULTA

Consumer Discretionary Distribution & Retail industry group

1.35

Max: 2.62
Q3: 1.75
Median: 1.35
ULTA: 1.35
Q1: 1.00
Min: 0.48

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their current ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Debt / Equity (MRQ)

Ulta Beauty (ULTA) at 0.95 carries an industry-typical debt-to-equity mix, while Home Depot (HD) at 3.80 uses more debt funding than most peers.

HD

Consumer Discretionary Distribution & Retail industry group

3.80

Max: 3.93
HD: 3.80
Q3: 2.14
Median: 1.25
Q1: 0.73
Min: 0.01

ULTA

Consumer Discretionary Distribution & Retail industry group

0.95

Max: 3.93
Q3: 2.14
Median: 1.25
ULTA: 0.95
Q1: 0.73
Min: 0.01

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their debt-to-equity ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Current Ratio (MRQ)	1.08	1.35
Debt / Equity (MRQ)	3.80	0.95
Net Debt / EBITDA	2.48	1.19

Dividends

Dividend Yield (TTM)

Ulta Beauty (ULTA) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Home Depot (HD) reports a yield of 1.32%, ranking against industry peers normally.

HD

Consumer Discretionary Distribution & Retail industry group

1.32%

Max: 5.84%
Q3: 2.50%
HD: 1.32%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ULTA

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 5.84%
Q3: 2.50%
ULTA: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their dividend yield against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Payout Ratio (TTM)

Ulta Beauty (ULTA) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Home Depot (HD) reports a payout of 64.80%, ranking against industry peers normally.

HD

Consumer Discretionary Distribution & Retail industry group

64.80%

Max: 72.73%
HD: 64.80%
Q3: 32.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ULTA

Consumer Discretionary Distribution & Retail industry group

0.00%

Max: 72.73%
Q3: 32.44%
ULTA: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their payout ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Dividend Metrics

Dividend metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
Dividend Yield (TTM)	1.32%	0.00%
Dividend Payout Ratio (TTM)	64.80%	0.00%

Valuation

P/E Ratio (TTM)

Both Home Depot (HD) at 24.04 and Ulta Beauty (ULTA) at 23.50 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

HD

Consumer Discretionary Distribution & Retail industry group

24.04

Max: 40.50
Q3: 24.26
HD: 24.04
Median: 19.23
Q1: 12.64
Min: 4.67

ULTA

Consumer Discretionary Distribution & Retail industry group

23.50

Max: 40.50
Q3: 24.26
ULTA: 23.50
Median: 19.23
Q1: 12.64
Min: 4.67

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their P/E ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/S Ratio (TTM)

Both Home Depot (HD) at 2.03 and Ulta Beauty (ULTA) at 2.13 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

HD

Consumer Discretionary Distribution & Retail industry group

2.03

Max: 4.32
HD: 2.03
Q3: 1.99
Median: 0.70
Q1: 0.26
Min: 0.03

ULTA

Consumer Discretionary Distribution & Retail industry group

2.13

Max: 4.32
ULTA: 2.13
Q3: 1.99
Median: 0.70
Q1: 0.26
Min: 0.03

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their P/S ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Ulta Beauty (ULTA) at 10.44 sits in the upper P/B ratio quartile, and Home Depot (HD) at 20.63 prices even higher, above its industry range.

HD

Consumer Discretionary Distribution & Retail industry group

20.63

HD: 20.63
Max: 10.96
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45

ULTA

Consumer Discretionary Distribution & Retail industry group

10.44

Max: 10.96
ULTA: 10.44
Q3: 5.26
Median: 2.16
Q1: 1.08
Min: -4.45

Home Depot (HD) vs. Ulta Beauty (ULTA): A comparison of their P/B ratio against the Consumer Discretionary Distribution & Retail industry group benchmark.

Valuation Metrics

Valuation metrics for Home Depot (HD) and Ulta Beauty (ULTA)
Metric	HD	ULTA
P/E Ratio (TTM)	24.04	23.50
P/S Ratio (TTM)	2.03	2.13
P/B Ratio (MRQ)	20.63	10.44
Free Cash Flow Yield (TTM)	3.14%	3.32%