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| Date | Value |
|---|---|
| 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 |