ULTA BEAUTY, INC. (ULTA) Return on equity 2017–2025
ULTA BEAUTY, INC. (ULTA) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
42.8%FY2025 · since FY2017: 23.1% → 42.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 42.8% | -9.0 pp |
| FY2024 | 51.9% | -2.6 pp |
| FY2023 | 54.5% | +4.2 pp |
| FY2022 | 50.3% | +38.9 pp |
| FY2021 | 11.5% | -23.9 pp |
| FY2020 | 35.3% | +0.7 pp |
| FY2019 | 34.6% | +4.1 pp |
| FY2018 | 30.5% | +7.4 pp |
| FY2017 | 23.1% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice