UL Solutions (ULS) Debt Ratio (2023 - 2026)

UL Solutions' (ULS) quarterly Debt Ratio came in at 0.12 in Q1 2026, down 46.75% year-on-year from 0.23 in Q1 2025, and down 28.13% quarter-over-quarter from 0.17 in Q4 2025.

UL Solutions (ULS) Debt Ratio (2023 - 2026) Analysis & Trends

UL Solutions has disclosed Debt Ratio across 4 years of filings, most recently posting 0.12 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.12, down 46.75% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.12 (down 46.75% YoY), and the FY2025 annual result was 0.17, down 36.57% from the prior year.
  • Debt Ratio came in at 0.12 for Q1 2026 at UL Solutions, down from 0.17 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.33 in Q4 2023 to a low of 0.12 in Q1 2026.
  • The 4-year median for Debt Ratio is 0.25 (2024), against an average of 0.24.
  • Across the five-year window, Debt Ratio decreased 19.8% in 2024 and sank 46.75% in 2026, its largest moves.
  • UL Solutions' Debt Ratio stood at 0.33 in 2023, then fell by 19.8% to 0.26 in 2024, then sank by 36.57% to 0.17 in 2025, then fell by 28.13% to 0.12 in 2026.
  • The last three Debt Ratio figures came in at 0.12 (Q1 2026), 0.17 (Q4 2025), and 0.19 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 0.26
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn -
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 0.21
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 0.12
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn 0.34
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 0.44
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 0.35
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn -
10 Unifirst 4.79 Bn 4.63 Bn 218.82 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.12
Dec 31, 2025 0.17
Sep 30, 2025 0.19
Jun 30, 2025 0.21
Mar 31, 2025 0.23
Dec 31, 2024 0.27
Sep 30, 2024 0.28
Jun 30, 2024 0.29
Mar 31, 2024 0.31
Dec 31, 2023 0.33