Latest period
$501.35M
YoY change
+16.1%
5Y CAGR
+23.4%
Peak year (2017)
$440.71M
Cumulative CapEx
$5.00B
CapEx history chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: $434.83M
CapEx growth chart for Ulta Beauty (ULTA) from 2002 to 2025
Latest: +16.1%
CapEx history table for Ulta Beauty (ULTA) from 2002 to 2025
| 2025 | $434.83M | +16.1% | +$60.37M | ||
| 2024 | $374.46M | -14.0% | −$60.81M | ||
| 2023 | $435.27M | +39.5% | +$123.14M | ||
| 2022 | $312.13M | +81.3% | +$139.94M | ||
| 2021 | $172.19M | +13.4% | +$20.32M | ||
| 2020 | $151.87M | -49.1% | −$146.67M | ||
| 2019 | $298.53M | -6.5% | −$20.87M | ||
| 2018 | $319.40M | -27.5% | −$121.31M | ||
| 2017 | $440.71M | +18.0% | +$67.27M | ||
| 2016 | $373.45M | +24.8% | +$74.28M | ||
| 2015 | $299.17M | +20.1% | +$50.10M | ||
| 2014 | $249.07M | +10.2% | +$23.04M | ||
| 2013 | $226.02M | +19.9% | +$37.45M | ||
| 2012 | $188.58M | +46.6% | +$59.94M | ||
| 2011 | $128.64M | +32.5% | +$31.52M | ||
| 2010 | $97.11M | +42.6% | +$29.01M | ||
| 2009 | $68.11M | -38.6% | −$42.76M | ||
| 2008 | $110.86M | +8.8% | +$9.00M | ||
| 2007 | $101.87M | +63.4% | +$39.53M | ||
| 2006 | $62.33M | +49.8% | +$20.72M | ||
| 2005 | $41.61M | — | — | ||
| 2003 | $30.35M | +10.7% | +$2.92M | ||
| 2002 | $27.43M | — | — |
- 2025$434.83M+16.1%
- 2024$374.46M-14.0%
- 2023$435.27M+39.5%
- 2022$312.13M+81.3%
- 2021$172.19M+13.4%
- 2020$151.87M-49.1%
- 2019$298.53M-6.5%
- 2018$319.40M-27.5%
- 2017$440.71M+18.0%
- 2016$373.45M+24.8%
- 2015$299.17M+20.1%
- 2014$249.07M+10.2%
- 2013$226.02M+19.9%
- 2012$188.58M+46.6%
- 2011$128.64M+32.5%
- 2010$97.11M+42.6%
- 2009$68.11M-38.6%
- 2008$110.86M+8.8%
- 2007$101.87M+63.4%
- 2006$62.33M+49.8%
- 2005$41.61M—
- 2003$30.35M+10.7%
- 2002$27.43M—
CapEx values are taken from Ulta Beauty's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Ulta Beauty (ULTA)
According to Ulta Beauty's latest reported financial statements, the company's current CapEx (TTM) is $501.35M. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
2025's annual CapEx for Ulta Beauty (ULTA) came in at $434.83M – grew 16.1% year-over-year.
Ulta Beauty CapEx has grown on net over the period, with a +23.4% compound annual growth rate over 2020–2025 (5 years).
Ulta Beauty CapEx peaked at $440.71M in 2017; the latest annual figure is $434.83M in 2025 (1.3% below peak).
Across the available history, CapEx reached its high of $440.71M in 2017 and its low of $27.43M in 2002.
Ulta Beauty Capital Expenditures by Year
Ulta Beauty Capital Expenditures 2025: $434.83M
Ulta Beauty posted CapEx of $434.83M in 2025, grew 16.1% from 2024.
Ulta Beauty Capital Expenditures 2024: $374.46M
In 2024, Ulta Beauty reported CapEx of $374.46M, declined 14.0% below 2023.
Ulta Beauty Capital Expenditures 2023: $435.27M
Ulta Beauty CapEx in 2023 was $435.27M, surged 39.5% from 2022.
Ulta Beauty Capital Expenditures 2022: $312.13M
2022's CapEx for Ulta Beauty came in at $312.13M, surged 81.3% from 2021.
Ulta Beauty Capital Expenditures 2021: $172.19M
Ulta Beauty CapEx in 2021 was $172.19M.
See more financial history for Ulta Beauty (ULTA).
Sector peers by CapEx
Consumer Cyclical peers of Ulta Beauty (ULTA), ranked by their latest CapEx
| $131.82B | |
| $18.33B | |
| $8.53B | |
| $3.68B | |
| $3.37B | |
| $2.21B | |
| $1.96B | |
| $322.00M |
- $131.82B
- $18.33B
- $8.53B
- $3.68B
- $3.37B
- $2.21B
- $1.96B
- $322.00M
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