Ulta Beauty Inc.
ULTA Consumer Cyclical Specialty Retail
Ulta Beauty Inc.’s revenue for fiscal 2026 (year ended January 2026) was $12.4 billion, up 9.71% from fiscal 2025. In the quarter to July 2026, revenue grew 8.87%, EPS grew 13.3%, free cash flow grew 96.5% and total debt rose 17.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.
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Ulta Beauty Inc. (ULTA) Return on invested capital
Ulta Beauty Inc.'s return on invested capital over the twelve months to 31 July 2026 was 36.4%, down 4.0 percentage points from fiscal 2026 (40.4%). Over the past ten years it has ranged from 12.3% (fiscal 2021) to 69.3% (fiscal 2024); the current reading is higher than 67% of that period. That is above the Specialty Retail industry median of 0.00% and above the Consumer Cyclical sector median of 2.95%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2026 | 40.4% | (14.39) |
| FY2025 | 54.8% | (14.54) |
| FY2024 | 69.3% | 1.28 |
| FY2023 | 68.1% | 9.19 |
| FY2022 | 58.9% | 46.59 |
| FY2021 | 12.3% | (22.08) |
| FY2020 | 34.4% | (3.48) |
| FY2019 | 37.8% | 2.18 |
| FY2018 | 35.7% | (0.40) |
| FY2017 | 36.1% | 3.33 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| WSM Williams-Sonoma, Inc. compare | 86.4% |
| BBY Best Buy Co., Inc. compare | 51.0% |
| FIVE Five Below, Inc. compare | 38.0% |
| ULTA Ulta Beauty Inc. | 36.4% |
| MUSA Murphy USA Inc. compare | 20.6% |
| TSCO Tractor Supply Company compare | 18.2% |
| CASY Casey's General Stores, Inc. compare | 11.4% |
| DKS DICK'S Sporting Goods, Inc. compare | 10.9% |
| GME GameStop Corp. compare | 5.72% |
| Specialty Retail industry median | 0.00% |
| Consumer Cyclical sector median | 2.95% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on ULTA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement