UL Solutions (ULS) FCF Margin (2023 - 2026)

UL Solutions (ULS) posted FCF Margin of 23.48% for Q1 2026, up 50.63% sequentially from 15.59% in Q4 2025, and up 887.0% YoY from 2.38% in Q1 2025.

UL Solutions (ULS) FCF Margin (2023 - 2026) Analysis & Trends

UL Solutions has reported FCF Margin for 4 years, with the latest figure at 23.48% in Q1 2026.

Quarterly FCF Margin rose 887.0% year-over-year to 23.48% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.99% (up 361.0% YoY) and the FY2025 annual result came in at 17.88%, up 112.0% from the prior year.
FCF Margin rose to 23.48% in Q1 2026 per ULS's latest filing, from 15.59% in the prior quarter.
Over five years, FCF Margin peaked at 30.92% in Q3 2023 and troughed at 9.36% in Q4 2023.
A 4-year average of 15.44% and a median of 15.59% in 2025 frame the typical range for FCF Margin.
The widest YoY moves for FCF Margin: up 2492 bps in 2024, down 1012 bps in 2024.
Over 4 years, FCF Margin stood at 9.36% in 2023, then surged by 266 bps to 15.56% in 2024, then grew by 0 bps to 15.59% in 2025, then jumped by 51 bps to 23.48% in 2026.
According to Business Quant data, FCF Margin over the past three periods registered 23.48%, 15.59%, and 27.46% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Margin (Qtr)
1	Cintas	81.69 Bn	81.40 Bn	1.48 Bn	21.10%
2	Relx	64.97 Bn	64.80 Bn	-	-
3	Copart	32.09 Bn	28.74 Bn	732.88 Mn	40.69%
4	Global Payments	24.80 Bn	19.40 Bn	2.03 Bn	12.86%
5	Rb Global	16.24 Bn	15.72 Bn	935.50 Mn	4.83%
6	Aramark	15.68 Bn	15.18 Bn	430.34 Mn	0.10%
7	UL Solutions	15.20 Bn	14.77 Bn	417.00 Mn	11.15%
8	Rentokil Initial	11.80 Bn	9.27 Bn	-	-
9	Dolby Laboratories	6.05 Bn	5.38 Bn	264.68 Mn	49.99%
10	Unifirst	5.23 Bn	5.06 Bn	234.73 Mn	3.34%

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