• Ulta Beauty average return on equity for 2023 was 64.46, a 4.07% decline from 2022.
• Ulta Beauty average return on equity for 2022 was 61.94, a 108.62% increase from 2021.
• Ulta Beauty average return on equity for 2021 was 29.69, a 33.14% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.