UL Solutions (ULS) Debt to Equity (2023 - 2026)

UL Solutions' (ULS) quarterly Debt to Equity came in at $0.27 in Q1 2026, down 59.73% year-on-year from $0.66 in Q1 2025, and down 31.32% quarter-over-quarter from $0.39 in Q4 2025.

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

UL Solutions has disclosed Debt to Equity across 4 years of filings, most recently posting $0.27 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.27, down 59.73% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.27 (down 59.73% YoY), and the FY2025 annual result was $0.39, down 51.18% from the prior year.
  • Debt to Equity came in at $0.27 for Q1 2026 at UL Solutions, down from $0.39 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.33 in Q4 2023 to a low of $0.27 in Q1 2026.
  • The 4-year median for Debt to Equity is $0.73 (2024), against an average of $0.76.
  • Across the five-year window, Debt to Equity slumped 40.23% in 2024 and plunged 59.73% in 2026, its largest moves.
  • UL Solutions' Debt to Equity stood at $1.33 in 2023, then slumped by 40.23% to $0.8 in 2024, then tumbled by 51.18% to $0.39 in 2025, then tumbled by 31.32% to $0.27 in 2026.
  • The last three Debt to Equity figures came in at $0.27 (Q1 2026), $0.39 (Q4 2025), and $0.46 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 0.55
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn -
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 0.45
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 0.27
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn 0.92
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 1.86
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 0.83
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 0.27
Dec 31, 2025 0.39
Sep 30, 2025 0.46
Jun 30, 2025 0.55
Mar 31, 2025 0.66
Dec 31, 2024 0.80
Sep 30, 2024 0.89
Jun 30, 2024 1.00
Mar 31, 2024 1.27
Dec 31, 2023 1.33