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

Ulta Beauty's Return on Capital Employed history runs 16 years deep, the most recent figure standing at 32.06% for 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 was 32.06% for Q1 2026 at Ulta Beauty, down from 36.71% in the prior quarter.
• Across five years, Return on Capital Employed topped out at 45.53% in Q4 2022 and bottomed at 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 tumbled 603 bps.
• Ulta Beauty's Return on Capital Employed stood at 45.53% in 2022, then retreated by 1 bps to 44.87% in 2023, then declined by 13 bps to 38.84% in 2024, then dropped by 5 bps to 36.71% in 2025, then declined by 13 bps to 32.06% in 2026.
• Business Quant data shows ULTA's Return on Capital Employed at 32.06% in Q1 2026, 36.71% in Q4 2025, and 38.5% in Q3 2025.