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

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

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

UL Solutions (ULS) has 4 years of FCF Margin data on file, last reported at 23.48% in Q1 2026.

  • For the quarter ending Q1 2026, FCF Margin rose 887.0% year-over-year to 23.48%; the trailing twelve-month figure through Mar 2026 stood at 19.99% (up 361.0% YoY), and the FY2025 full-year result was 17.88%, up 112.0% from the prior year.
  • FCF Margin rose to 23.48% in Q1 2026, from 15.59% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 30.92% in Q3 2023 to a low of 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.
  • Peak annual rise in FCF Margin reached 2492 bps in 2024, while the deepest fall reached 1012 bps in 2024.
  • Tracing ULS's FCF Margin over 4 years: stood at 9.36% in 2023, then surged by 266 bps to 15.56% in 2024, then gained by 0 bps to 15.59% in 2025, then jumped by 51 bps to 23.48% in 2026.
  • Business Quant data shows ULS's FCF Margin at 23.48% in Q1 2026, 15.59% in Q4 2025, and 27.46% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Cintas 82.43 Bn 82.25 Bn 1.45 Bn 18.67%
2 Rentokil Initial 71.81 Bn 69.31 Bn - -
3 Relx 63.28 Bn 63.04 Bn - -
4 Thomson Reuters 40.35 Bn 39.49 Bn - 31.67%
5 Copart 26.32 Bn 22.97 Bn 732.88 Mn 40.69%
6 Global Payments 22.09 Bn 16.23 Bn 1.70 Bn -18.53%
7 Rb Global 20.79 Bn 20.60 Bn 927.90 Mn 13.98%
8 UL Solutions 17.26 Bn 17.01 Bn 381.00 Mn 23.48%
9 Aramark 15.08 Bn 14.60 Bn 426.39 Mn 6.09%
10 Amentum Holdings 5.52 Bn 5.10 Bn 345.00 Mn 6.33%

Historic Data

Download Data
DateValue
Mar 31, 2026 23.48%
Dec 31, 2025 15.59%
Sep 30, 2025 27.46%
Jun 30, 2025 13.53%
Mar 31, 2025 14.61%
Dec 31, 2024 15.56%
Sep 30, 2024 20.79%
Jun 30, 2024 14.52%
Mar 31, 2024 16.12%
Dec 31, 2023 -9.36%
Sep 30, 2023 30.92%
Jun 30, 2023 -4.79%
Mar 31, 2023 22.26%