UL Solutions (ULS) EV to FCF (2024 - 2026)
UL Solutions' (ULS) EV to FCF came in at 25.54 for Q3 2026, down 29.1% from 36.03 a year earlier and down 44.8% from the prior quarter.
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Analysis
UL Solutions (ULS) EV to FCF (2024 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at UL Solutions was 23.49, down 30.7% year-over-year; for FY2025, it came in at 38.68, up 14.3% from FY2024.
- In prior years, UL Solutions' EV to FCF was 33.85 in FY2024.
- The Q3 2026 figure stands as the lowest quarterly EV to FCF in data going back to Q2 2024.
- On a year-over-year basis, EV to FCF increased in five of the last six quarters, with growth averaging 7.8%.
- According to Business Quant data, EV to FCF for the three prior quarters was 46.25 (Q2 2026), 37.75 (Q1 2026) and 38.68 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Accenture | 153.56 Bn | 111.49 Bn | 5.98 Bn |
| 2 | Cintas | 88.59 Bn | 87.67 Bn | 1.55 Bn |
| 3 | Iron Mountain | 33.27 Bn | 32.47 Bn | 1.06 Bn |
| 4 | APi | 18.49 Bn | 15.70 Bn | 770.00 Mn |
| 5 | Rollins | 18.05 Bn | 17.59 Bn | 582.90 Mn |
| 6 | UL Solutions | 16.33 Bn | 14.33 Bn | 423.00 Mn |
| 7 | Aramark | 14.48 Bn | 12.43 Bn | 430.34 Mn |
| 8 | Rentokil Initial | 11.94 Bn | 6.46 Bn | - |
| 9 | Gartner | 11.90 Bn | 5.39 Bn | 1.07 Bn |
| 10 | Tetra Tech | 10.45 Bn | 9.56 Bn | 243.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.54 |
| Jun 30, 2026 | 46.25 |
| Mar 31, 2026 | 37.75 |
| Dec 31, 2025 | 38.68 |
| Sep 30, 2025 | 36.03 |
| Jun 30, 2025 | 39.54 |
| Mar 31, 2025 | 36.04 |
| Dec 31, 2024 | 33.85 |
| Sep 30, 2024 | 33.89 |
| Jun 30, 2024 | 29.57 |
API Access
UL Solutions EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "ULS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();