Ulta Beauty (ULTA) Return on Equity [ROE] (2011 - 2026)
Ulta Beauty (ULTA) reported Return on Equity [ROE] of 46.56% for fiscal Q2 2027 (quarter ended Aug 1, 2026), down 1.22 percentage points from 47.78% a year earlier but up 2.22 percentage points from the prior quarter.
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Analysis
Ulta Beauty (ULTA) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Ulta Beauty posted Return on Equity [ROE] of 43.74%, down 6.65 percentage points from FY2025.
- Return on Equity [ROE] has declined for three consecutive fiscal years, though with a five-year change of +34.73 percentage points (FY2021 to FY2026).
- By fiscal year, Return on Equity [ROE] came in at 50.39% in FY2025 (-10.52 pp), 60.91% in FY2024 (-10.18 pp), 71.09% in FY2023 (+15.32 pp) and 55.78% in FY2022 (+46.76 pp).
- Five-year quarterly Return on Equity [ROE] spans a low of 42.58% in fiscal Q4 2026 and a high of 66.26% in fiscal Q1 2023.
- Year over year, Return on Equity [ROE] has now declined in each of the last 14 quarters, with an average year-over-year change of -6.06 percentage points over the last eight quarters.
- The high point for year-over-year Return on Equity [ROE] in five years was fiscal Q4 2022 (a gain of 46.85 percentage points); the low point was fiscal Q4 2025 (a drop of 10.07 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 44.34% (Q1 2027), 42.58% (Q4 2026) and 45.53% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 26.64% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 93.32% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 57.63% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | - |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 40.76% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 25.85% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | - |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 43.64% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | - |
| 10 | Ulta Beauty | 23.38 Bn | 22.24 Bn | 1.19 Bn | 46.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 1, 2026 | 46.56% |
| May 2, 2026 | 44.34% |
| Jan 31, 2026 | 42.58% |
| Nov 1, 2025 | 45.53% |
| Aug 2, 2025 | 47.78% |
| May 3, 2025 | 48.54% |
| Feb 1, 2025 | 49.87% |
| Nov 2, 2024 | 51.41% |
| Aug 3, 2024 | 52.03% |
| May 4, 2024 | 54.89% |
| Feb 3, 2024 | 59.94% |
| Oct 28, 2023 | 60.65% |
| Jul 29, 2023 | 62.04% |
| Apr 29, 2023 | 63.25% |
| Jan 28, 2023 | 64.01% |
| Oct 29, 2022 | 64.53% |
| Jul 30, 2022 | 64.40% |
| Apr 30, 2022 | 66.26% |
| Jan 29, 2022 | 55.98% |
| Oct 30, 2021 | 44.90% |
API Access
Ulta Beauty Return on Equity [ROE] 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-equity-%5Broe%5D&ticker=ULTA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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-equity-%5Broe%5D&ticker=ULTA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();