Ulta Beauty (ULTA) Return on Capital Employed (2011 - 2026)
Ulta Beauty's (ULTA) quarterly Return on Capital Employed came in at 32.06% in Q1 2026, down 519.0% YoY from 7.65% in Q1 2025, and down 12.67% on a QoQ basis from 36.71% in Q4 2025.
Ulta Beauty (ULTA) Return on Capital Employed (2011 - 2026) Analysis & Trends
Ulta Beauty (ULTA) has 16 years of Return on Capital Employed data on file, last reported at 32.06% in Q1 2026.
- Quarterly Return on Capital Employed fell 519.0% year-over-year to 32.06% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 32.06% (down 519.0% YoY) and the FY2026 annual result came in at 35.85%, down 256.0% from the prior year.
- Return on Capital Employed declined to 32.06% in Q1 2026, from 36.71% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 45.53% in Q4 2022 to a low of 32.06% in Q1 2026.
- A 5-year average of 40.38% and a median of 39.96% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed soared 3090 bps — and 2024, when it plunged 603 bps.
- Tracing ULTA's Return on Capital Employed over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.90 Bn | 30.38 Bn | 1.08 Bn | 20.02% |
| 2 | Williams Sonoma | 28.75 Bn | 27.73 Bn | 1.10 Bn | 41.55% |
| 3 | Ulta Beauty | 22.91 Bn | 22.69 Bn | 1.27 Bn | 34.02% |
| 4 | Tractor Supply | 18.26 Bn | 18.03 Bn | 1.68 Bn | 15.37% |
| 5 | Best Buy | 18.17 Bn | 16.42 Bn | 2.10 Bn | 22.05% |
| 6 | Dick'S Sporting Goods | 16.12 Bn | 15.12 Bn | 1.68 Bn | 9.24% |
| 7 | Five Below | 13.71 Bn | 12.60 Bn | 478.64 Mn | 13.97% |
| 8 | Murphy USA | 10.45 Bn | 10.27 Bn | 746.50 Mn | 23.71% |
| 9 | Bath & Body Works | 4.03 Bn | 3.07 Bn | 1.24 Bn | 32.75% |
| 10 | MINISO Group Holding | 3.39 Bn | 2.42 Bn | 414.86 Mn | 16.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 2, 2026 | 34.02% |
| Jan 31, 2026 | 32.06% |
| Nov 1, 2025 | 36.71% |
| Aug 2, 2025 | 38.50% |
| May 3, 2025 | 37.01% |
| Feb 1, 2025 | 37.26% |
| Nov 2, 2024 | 38.84% |
| Aug 3, 2024 | 38.46% |
| May 4, 2024 | 39.96% |
| Feb 3, 2024 | 42.03% |
| Oct 28, 2023 | 44.87% |
| Jul 29, 2023 | 43.00% |
| Apr 29, 2023 | 43.94% |
| Jan 28, 2023 | 44.66% |
| Oct 29, 2022 | 45.53% |
| Jul 30, 2022 | 42.82% |
| Apr 30, 2022 | 43.48% |
| Jan 29, 2022 | 37.41% |
| Oct 30, 2021 | 32.77% |
| Jul 31, 2021 | 26.46% |