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

Ulta Beauty (ULTA) has reported Return on Capital Employed for 16 consecutive years, with 32.06% the latest figure, recorded in Q1 2026.

• Return on Capital Employed for Q1 2026 came in at 32.06%, down 519.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 32.06% (down 519.0% YoY), and the FY2026 annual result was 35.85%, down 256.0% from the prior year.
• Return on Capital Employed was 32.06% for Q1 2026 at Ulta Beauty, down from 36.71% in the prior quarter.
• Over five years, Return on Capital Employed peaked at 45.53% in Q4 2022 and troughed at 32.06% in Q1 2026.
• Average Return on Capital Employed over 5 years is 40.38%, with a median of 39.96% recorded in 2024.
• Year-over-year, Return on Capital Employed surged 3090 bps in 2022 and slumped 603 bps in 2024.
• Over 5 years, Return on Capital Employed stood at 45.53% in 2022, then decreased by 1 bps to 44.87% in 2023, then fell by 13 bps to 38.84% in 2024, then declined by 5 bps to 36.71% in 2025, then fell by 13 bps to 32.06% in 2026.
• Per Business Quant data, the three most recent Return on Capital Employed figures were 32.06% in Q1 2026, 36.71% in Q4 2025, and 38.5% in Q3 2025.