Ulta Beauty (ULTA) Return on Capital Employed [ROCE] (2009 - 2026)
Ulta Beauty (ULTA) posted Return on Capital Employed [ROCE] of 34.73% for fiscal Q2 2027 (quarter ended Aug 1, 2026), down 3.77 percentage points from 38.50% a year earlier but up 0.71 percentage points from the prior quarter.
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Analysis
Ulta Beauty (ULTA) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Ulta Beauty's Return on Capital Employed [ROCE] came in at 35.85%, down 2.56 percentage points from FY2025.
- Annual Return on Capital Employed [ROCE] has declined for three consecutive fiscal years, though with a five-year change of +29.33 percentage points (FY2021 to FY2026).
- In prior fiscal years, Ulta Beauty's Return on Capital Employed [ROCE] was 38.41% in FY2025 (-4.84 pp), 43.24% in FY2024 (-5.16 pp), 48.40% in FY2023 (+9.89 pp) and 38.51% in FY2022 (+31.99 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 32.06% in fiscal Q4 2026 to a high of 45.53% in fiscal Q3 2023 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has declined in each of the last four quarters, with an average year-over-year change of -3.47 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was fiscal Q4 2022, with a gain of 30.90 percentage points; the weakest was fiscal Q3 2025, with a drop of 6.03 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior fiscal quarters was 34.02% (Q1 2027), 32.06% (Q4 2026) and 36.71% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,979.57 Bn | 2,476.24 Bn | 107.37 Bn | 10.62% |
| 2 | Home Depot | 350.34 Bn | 343.58 Bn | 16.12 Bn | 28.54% |
| 3 | Tjx Companies | 150.76 Bn | 128.31 Bn | 5.07 Bn | 34.00% |
| 4 | Lowes Companies | 130.11 Bn | 123.07 Bn | 8.58 Bn | 30.02% |
| 5 | Carvana | 80.38 Bn | 71.27 Bn | 1.52 Bn | 18.83% |
| 6 | Ross Stores | 76.38 Bn | 59.31 Bn | 2.12 Bn | 30.97% |
| 7 | Target | 73.52 Bn | 68.11 Bn | 8.94 Bn | 15.67% |
| 8 | O Reilly Automotive | 71.92 Bn | 71.02 Bn | 2.68 Bn | 46.05% |
| 9 | Autozone | 52.04 Bn | 50.89 Bn | 3.52 Bn | 33.34% |
| 10 | Ulta Beauty | 28.44 Bn | 27.31 Bn | 1.19 Bn | 34.73% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 34.73% |
| 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% |
API Access
Ulta Beauty Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ULTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "ULTA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=ULTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();