Capital Expenditures for Ulta Beauty (ULTA)
According to Ulta Beauty's latest reported financial statements, the company's current capital expenditures (TTM) is $522.10M USD. 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 .
ULTA
Currently viewingCapital ExpendituresSwitch metric
Latest period
$522.10M
YoY change
+16.1%
5Y CAGR
+23.4%
Peak year (2017)
$440.71M
Cumulative capital expenditures
$4.94B
CapEx history chart for Ulta Beauty (ULTA) from 2002 to 2025
CapEx history table for Ulta Beauty (ULTA) from 2002 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Ulta Beauty (ULTA) came in at $434.83M – grew 16.1% year-over-year.
Ulta Beauty capital expenditures has recorded the values shown across consecutive periods, with a +23.4% compound annual growth rate over 2020–2025 (5 years).
Ulta Beauty capital expenditures peaked at $440.71M in 2017; the latest annual figure is $434.83M in 2025 (1.3% below peak).
Across the available history, capital expenditures reached its high of $440.71M in 2017 and its low of $27.43M in 2002.
Within Consumer Cyclical, Ulta Beauty (ULTA) ranks 7th among 8 peers we track. The peer median for capital expenditures is $3.52B.
Ulta Beauty Capital Expenditures by Year
Ulta Beauty Capital Expenditures 2025: $434.83M
Ulta Beauty capital expenditures in 2025 was $434.83M, grew 16.1% from 2024.
Ulta Beauty Capital Expenditures 2024: $374.46M
Ulta Beauty capital expenditures in 2024 was $374.46M, declined 14.0% below 2023.
Ulta Beauty Capital Expenditures 2023: $435.27M
Ulta Beauty capital expenditures in 2023 was $435.27M, surged 39.5% from 2022.
Ulta Beauty Capital Expenditures 2022: $312.13M
Ulta Beauty capital expenditures in 2022 was $312.13M, surged 81.3% from 2021.
Ulta Beauty Capital Expenditures 2021: $172.19M
Ulta Beauty capital expenditures in 2021 was $172.19M.
See more financial history for Ulta Beauty (ULTA).
Sector peers — CapEx
Companies in the same sector as Ulta Beauty, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is Ulta Beauty's capital expenditures?
- Latest reported capital expenditures for Ulta Beauty (ULTA) is $522.10M (period ending January 31, 2026).
How has Ulta Beauty capital expenditures changed year-over-year?
- Ulta Beauty (ULTA) capital expenditures changed +16.1% year-over-year on the latest annual filing.
What is the long-term growth rate of Ulta Beauty capital expenditures?
- Ulta Beauty (ULTA) capital expenditures compound annual growth rate is +23.4% over the most recent 5 years available.
When did Ulta Beauty capital expenditures hit its highest annual value?
- Ulta Beauty capital expenditures reached its highest annual value of $440.71M in 2017.
What was Ulta Beauty capital expenditures in 2024?
- Ulta Beauty (ULTA) capital expenditures in 2024 was $374.46M.
What was Ulta Beauty capital expenditures in 2025?
- Ulta Beauty (ULTA) capital expenditures in 2025 was $434.83M.
Metrics overview
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