Ulta Beauty (ULTA) Return on Capital Employed (2011 - 2026)

Ulta Beauty has reported Return on Capital Employed for 16 years, with the latest figure at 32.06% in Q1 2026.

• For the quarter ending Q1 2026, Return on Capital Employed fell 519.0% year-over-year to 32.06%; the trailing twelve-month figure through Jan 2026 stood at 32.06% (down 519.0% YoY), and the FY2026 full-year result was 35.85%, down 256.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 32.06%, down from 36.71% in the prior quarter.
• The five-year high for Return on Capital Employed was 45.53% in Q4 2022, with the low at 32.06% in Q1 2026.
• Historically, Return on Capital Employed has averaged 40.38% across 5 years, with a median of 39.96% in 2024.
• Annual changes were most pronounced in 2022 — Return on Capital Employed soared 3090 bps — and 2024, when it plunged 603 bps.
• Ulta Beauty's Return on Capital Employed stood at 45.53% in 2022, then declined by 1 bps to 44.87% in 2023, then slipped by 13 bps to 38.84% in 2024, then decreased by 5 bps to 36.71% in 2025, then slipped by 13 bps to 32.06% in 2026.
• The last three Return on Capital Employed figures came in at 32.06% (Q1 2026), 36.71% (Q4 2025), and 38.5% (Q3 2025), per Business Quant data.