UL Solutions (ULS) FCF Margin (2023 - 2026)
Quarterly results put FCF Margin at 19.79% for Q1 2026, up 163.0% from a year ago — trailing twelve months through Mar 2026 was 13.68% (down 356.0% YoY), and the annual figure for FY2025 was 13.2%, down 356.0%.
UL Solutions has reported FCF Margin over the past 4 years, most recently at 19.79% for Q1 2026.
- FCF Margin reached 19.79% in Q1 2026 per ULS's latest filing, up from 10.9% in the prior quarter.
- Across five years, FCF Margin topped out at 35.99% in Q4 2024 and bottomed at 2.37% in Q3 2023.
- Median FCF Margin over the past 4 years was 14.95% (2023), compared with a mean of 13.68%.
- The largest annual shift saw FCF Margin skyrocketed 2620bps in 2024 before it crashed -2509bps in 2025.
- Over 4 years, FCF Margin stood at 9.8% in 2023, then soared by 267bps to 35.99% in 2024, then tumbled by -70bps to 10.9% in 2025, then surged by 82bps to 19.79% in 2026.
- Business Quant data shows FCF Margin for ULS at 19.79% in Q1 2026, 10.9% in Q4 2025, and 4.98% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 18.67% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 5.16% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 19.79% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -18.53% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 13.98% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 6.09% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 6.33% |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn | 21.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.79% |
| Dec 31, 2025 | 10.90% |
| Sep 30, 2025 | 4.98% |
| Jun 30, 2025 | 19.33% |
| Mar 31, 2025 | 18.16% |
| Dec 31, 2024 | 35.99% |
| Sep 30, 2024 | 0.14% |
| Jun 30, 2024 | 14.52% |
| Mar 31, 2024 | 16.12% |
| Dec 31, 2023 | 9.80% |
| Sep 30, 2023 | -2.37% |
| Jun 30, 2023 | 14.95% |
| Mar 31, 2023 | 15.58% |