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Ulta Beauty, Inc. ULTA Return on invested capital

Return on invested capital at other companies

Walmart
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Walmart WMT
15.3%-1.2pp
Bath & Body Works logo
Bath & Body WorksBBWI
32.7%-1.5pp
Regis Corporation logo
Regis CorporationRGS
5.8%-20.0pp
Macy's logo
Macy'sM
13%+2.3pp
Amazon logo
AmazonAMZN
17.8%+0.4pp
SBH
Sally BeautySBH
10.6%-0.8pp

Other financials

Income statement

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Revenue$3.2B+11.1%
Gross profit$1.3B+13.8%
Operating income$448.3M+11.6%
Net income$340.5M+11.6%
EPS (diluted)$7.74+15.5%

Balance sheet

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Cash & equivalents$166.3M-63.4%
Total debt$2.3B+16.6%
Total equity$2.6B+6.2%
Total assets$6.9B+15.2%

Cash flow

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Operating cash flow$261.9M+19.0%
CapEx$58.3M-26.3%
Free cash flow$203.6M+44.4%

Valuation

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Market cap$22.05B-4.8%
Enterprise value$24.18B-2.0%
P/E18.5×-0.9×
P/S1.7×-0.3×

Profitability

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Gross margin39.3%+0.5pp
Operating margin12.4%-1.3pp
Net margin9.4%-1.1pp
FCF margin9.5%

Returns & leverage

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Return on equity47.4%-3.0pp
Debt / equity0.9×+0.1×
Current ratio1.3×-0.4×

Where this comes from

Calculated from Ulta Beauty, Inc.’s reported figures.

Based on trailing twelve months.

The source filing: Ulta Beauty, Inc.’s 10-Q, filed June 2, 2026. Open the filing →

Filed
Jun 2, 2026, 4:19 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-069491

FAQ

What is Ulta Beauty, Inc.'s return on invested capital?
Ulta Beauty, Inc. (ULTA) reported return on invested capital of 27.6% in Q1 2026.
How has Ulta Beauty, Inc.'s return on invested capital changed year-over-year?
Ulta Beauty, Inc.'s return on invested capital decreased by 11.2% year-over-year, from 31.1% to 27.6%.
What is the long-term trend for Ulta Beauty, Inc.'s return on invested capital?
Over 5 years (2020 to 2025), Ulta Beauty, Inc.'s return on invested capital has grown at a 37.4% compound annual growth rate (CAGR), from 5.7% to 28%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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