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

UL Solutions has disclosed FCF Margin across 4 years of filings, most recently posting 19.79% for Q1 2026.

• FCF Margin for Q1 2026 came in at 19.79%, up 163.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 13.68% (down 356.0% YoY), and the FY2025 annual result was 13.2%, down 356.0% from the prior year.
• FCF Margin came in at 19.79% for Q1 2026 at UL Solutions, up from 10.9% in the prior quarter.
• In the past five years, FCF Margin ranged from a high of 35.99% in Q4 2024 to a low of 2.37% in Q3 2023.
• The 4-year median for FCF Margin is 14.95% (2023), against an average of 13.68%.
• Across the five-year window, FCF Margin jumped 2620 bps in 2024 and slumped 2509 bps in 2025, its largest moves.
• UL Solutions' FCF Margin stood at 9.8% in 2023, then soared by 267 bps to 35.99% in 2024, then tumbled by 70 bps to 10.9% in 2025, then surged by 82 bps to 19.79% in 2026.
• The last three FCF Margin figures came in at 19.79% (Q1 2026), 10.9% (Q4 2025), and 4.98% (Q3 2025), per Business Quant data.