Discontinued — last reported Q4 '25

Other

CapEx

Ulta Beauty, Inc. CapEx increased by 119.5% to $191.57M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 159.1%, from $73.92M to $191.57M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 26.1% CAGR.

Analysis

StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2017
Last reportedQ4 2025

How to read this metric

High levels indicate aggressive growth or maintenance investment, while low levels may signal capital efficiency or underinvestment in infrastructure.

Detailed definition

Capital expenditures represent the cash outflows used to acquire, upgrade, or maintain physical assets such as property,...

Peer comparison

Commonly reported as 'Capital Expenditures' or 'Purchases of Property, Plant, and Equipment' in the investing section of the cash flow statement.

Metric ID: anet_capital_expenditures

Historical Data

20 periods
 Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Value$34.56M$22.74M$51.11M$63.77M$71.08M$49.42M$83.46M$108.17M$109.77M$94.98M$106.28M$124.24M$91.02M$95.28M$114.24M$73.92M$79.03M$76.96M$87.27M$191.57M
QoQ Change-34.2%+124.8%+24.8%+11.5%-30.5%+68.9%+29.6%+1.5%-13.5%+11.9%+16.9%-26.7%+4.7%+19.9%-35.3%+6.9%-2.6%+13.4%+119.5%
YoY Change+105.6%+117.3%+63.3%+69.6%+54.4%+92.2%+27.3%+14.9%-17.1%+0.3%+7.5%-40.5%-13.2%-19.2%-23.6%+159.1%
Range$22.74M$191.57M
CAGR+43.4%
Avg YoY Growth+37.4%
Median YoY Growth+21.1%
Current Streak2 quarters growth

Frequently Asked Questions

What is Ulta Beauty, Inc.'s capex?
Ulta Beauty, Inc. (ULTA) reported capex of $191.57M in Q4 2025.
How has Ulta Beauty, Inc.'s capex changed year-over-year?
Ulta Beauty, Inc.'s capex increased by 159.1% year-over-year, from $73.92M to $191.57M.
What is the long-term trend for Ulta Beauty, Inc.'s capex?
Over 4 years (2021 to 2025), Ulta Beauty, Inc.'s capex has grown at a 26.1% compound annual growth rate (CAGR), from $172.19M to $434.83M.
What does capex mean?
Cash spent on purchasing or maintaining long-term physical assets.