ULTA BEAUTY, INC. (ULTA) Return on equity 2016–2025
ULTA BEAUTY, INC. (ULTA) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
41.1%FY2025 · since FY2016: 26.4% → 41.1%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 41.1% | -7.1 pp |
| FY2024 | 48.3% | -8.4 pp |
| FY2023 | 56.6% | -6.8 pp |
| FY2022 | 63.4% | -0.8 pp |
| FY2021 | 64.2% | +55.4 pp |
| FY2020 | 8.8% | -28.3 pp |
| FY2019 | 37.1% | +0.9 pp |
| FY2018 | 36.2% | +4.9 pp |
| FY2017 | 31.3% | +4.9 pp |
| FY2016 | 26.4% | — |
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