Ulta Beauty (ULTA) Invested Capital (2010 - 2026)

Ulta Beauty has reported Invested Capital for 17 years, with the latest figure at $2.9 billion in Q1 2026.

• For the quarter ending Q1 2026, Invested Capital rose 15.17% year-over-year to $2.9 billion; the trailing twelve-month figure through Jan 2026 stood at $2.9 billion (up 15.17% YoY), and the FY2026 full-year result was $2.9 billion, up 15.17% from the prior year.
• Invested Capital for Q1 2026 stood at $2.9 billion, down from $3.2 billion in the prior quarter.
• The five-year high for Invested Capital was $3.2 billion in Q4 2025, with the low at $1.5 billion in Q1 2022.
• Historically, Invested Capital has averaged $2.3 billion across 5 years, with a median of $2.3 billion in 2024.
• Annual changes were most pronounced in 2022 — Invested Capital decreased 23.21% — and 2023, when it increased 27.64%.
• Ulta Beauty's Invested Capital stood at $1.9 billion in 2022, then rose by 15.69% to $2.2 billion in 2023, then advanced by 13.7% to $2.5 billion in 2024, then gained by 25.94% to $3.2 billion in 2025, then decreased by 10.02% to $2.9 billion in 2026.
• The last three Invested Capital figures came in at $2.9 billion (Q1 2026), $3.2 billion (Q4 2025), and $2.9 billion (Q3 2025), per Business Quant data.