UL Solutions (ULS) Capital Expenditures (2023 - 2026)
UL Solutions' (ULS) quarterly Capital Expenditures came in at $69.0 million in Q1 2026, up 165.38% year-on-year from $26.0 million in Q1 2025, and up 18.97% quarter-over-quarter from $58.0 million in Q4 2025.
UL Solutions (ULS) Capital Expenditures (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Capital Expenditures across 4 years of filings, most recently posting $69.0 million for Q1 2026.
- Capital Expenditures for Q1 2026 came in at $69.0 million, up 165.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $240.0 million (up 566.67% YoY), and the FY2025 annual result was $197.0 million, up 358.14% from the prior year.
- Capital Expenditures came in at $69.0 million for Q1 2026 at UL Solutions, up from $58.0 million in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $149.0 million in Q3 2024 to a low of -$136.0 million in Q4 2024.
- The 4-year median for Capital Expenditures is $58.0 million (2025), against an average of $40.3 million.
- Across the five-year window, Capital Expenditures tumbled 330.51% in 2024 and jumped 165.38% in 2026, its largest moves.
- UL Solutions' Capital Expenditures stood at $59.0 million in 2023, then sank by 330.51% to -$136.0 million in 2024, then surged by 142.65% to $58.0 million in 2025, then gained by 18.97% to $69.0 million in 2026.
- The last three Capital Expenditures figures came in at $69.0 million (Q1 2026), $58.0 million (Q4 2025), and $116.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 90.90 Mn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 80.89 Mn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 51.50 Mn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 69.00 Mn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | 261.34 Mn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 101.28 Mn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 5.00 Mn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 9.06 Mn |
| 10 | Unifirst | 4.79 Bn | 4.63 Bn | 218.82 Mn | 68.53 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 69.00 Mn |
| Mar 31, 2026 | 69.00 Mn |
| Dec 31, 2025 | 58.00 Mn |
| Dec 31, 2025 | 58.00 Mn |
| Sep 30, 2025 | 116.00 Mn |
| Sep 30, 2025 | 116.00 Mn |
| Jun 30, 2025 | -3.00 Mn |
| Jun 30, 2025 | -3.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Mar 31, 2025 | 26.00 Mn |
| Dec 31, 2024 | -136.00 Mn |
| Dec 31, 2024 | -136.00 Mn |
| Sep 30, 2024 | 149.00 Mn |
| Sep 30, 2024 | 149.00 Mn |
| Jun 30, 2024 | -3.00 Mn |
| Jun 30, 2024 | -3.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Mar 31, 2024 | 33.00 Mn |
| Dec 31, 2023 | 59.00 Mn |
| Dec 31, 2023 | 59.00 Mn |