UL Solutions (ULS) Cash from Operations (2023 - 2026)
UL Solutions' (ULS) quarterly Cash from Operations came in at $160.0 million in Q2 2026, up 8.84% year-over-year from $147.0 million in Q2 2025, and down 26.94% quarter-over-quarter from $219.0 million in Q1 2026.
Analysis
UL Solutions (ULS) Cash from Operations (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Cash from Operations across 4 years of filings, most recently posting $160.0 million for Q2 2026.
- In Q2 2026, Cash from Operations rose 8.84% year-over-year to $160.0 million; the TTM figure through Jun 2026 stood at $678.0 million (up 16.7% YoY), while the FY2025 annual figure was $600.0 million, up 14.5% from the prior year.
- Cash from Operations came in at $160.0 million for Q2 2026 at UL Solutions, down from $219.0 million in the prior quarter.
- In the past five years, Cash from Operations ranged from a high of $219.0 million in Q1 2026 to a low of $59.0 million in Q2 2023.
- Average Cash from Operations over 4 years is $140.7 million, with a median of $145.5 million recorded in 2025.
- The largest YoY upside for Cash from Operations was 74.58% in 2024 against a maximum downside of 12.42% in 2024.
- Over 4 years, Cash from Operations stood at $126.0 million in 2023, then grew by 3.17% to $130.0 million in 2024, then climbed by 10.77% to $144.0 million in 2025, then grew by 11.11% to $160.0 million in 2026.
- Per Business Quant data, the three most recent Cash from Operations figures were $160.0 million in Q2 2026, $219.0 million in Q1 2026, and $144.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 108.80 Bn | 98.63 Bn | 6.13 Bn | 3.79 Bn |
| 2 | UL Solutions | 14.40 Bn | 13.97 Bn | 417.00 Mn | 160.00 Mn |
| 3 | Gartner | 11.34 Bn | 9.85 Bn | 1.19 Bn | 398.29 Mn |
| 4 | Tetra Tech | 9.21 Bn | 8.98 Bn | 243.21 Mn | 228.94 Mn |
| 5 | Booz Allen Hamilton Holding | 9.08 Bn | 8.54 Bn | 1.46 Bn | 281.00 Mn |
| 6 | Genpact | 5.81 Bn | 5.29 Bn | 490.34 Mn | 72.44 Mn |
| 7 | Fti Consulting | 4.32 Bn | 4.16 Bn | 316.27 Mn | 152.29 Mn |
| 8 | Korn Ferry | 4.01 Bn | 2.88 Bn | 685.99 Mn | 296.68 Mn |
| 9 | Grand Canyon Education | 3.95 Bn | 3.68 Bn | 204.08 Mn | 108.65 Mn |
| 10 | Exponent | 3.28 Bn | 3.22 Bn | 158.75 Mn | 30.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 160.00 Mn |
| Mar 31, 2026 | 219.00 Mn |
| Dec 31, 2025 | 144.00 Mn |
| Sep 30, 2025 | 155.00 Mn |
| Jun 30, 2025 | 147.00 Mn |
| Mar 31, 2025 | 154.00 Mn |
| Dec 31, 2024 | 130.00 Mn |
| Sep 30, 2024 | 150.00 Mn |
| Jun 30, 2024 | 103.00 Mn |
| Mar 31, 2024 | 141.00 Mn |
| Dec 31, 2023 | 126.00 Mn |
| Sep 30, 2023 | 121.00 Mn |
| Jun 30, 2023 | 59.00 Mn |
| Mar 31, 2023 | 161.00 Mn |