UL Solutions (ULS) FCF Payout Ratio (2023 - 2026)

UL Solutions' (ULS) quarterly FCF Payout Ratio came in at 0.13 in Q1 2026, down 34.36% year-on-year from 0.2 in Q1 2025, and down 86.82% quarter-over-quarter from 1.01 in Q4 2025.

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

UL Solutions has disclosed FCF Payout Ratio across 4 years of filings, most recently posting 0.13 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.13, down 34.36% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.23 (down 8.31% YoY), and the FY2025 annual result was 0.26, up 24.13% from the prior year.
  • FCF Payout Ratio came in at 0.13 for Q1 2026 at UL Solutions, down from 1.01 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 25.0 in Q3 2024 to a low of 3.75 in Q3 2023.
  • The 4-year median for FCF Payout Ratio is 0.13 (2026), against an average of 2.04.
  • Peak annual rise in FCF Payout Ratio reached 976.37% in 2025, while the deepest fall reached 112.72% in 2025.
  • UL Solutions' FCF Payout Ratio stood at 0.69 in 2023, then jumped by 113.69% to 0.09 in 2024, then jumped by 976.37% to 1.01 in 2025, then plunged by 86.82% to 0.13 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.13 (Q1 2026), 1.01 (Q4 2025), and 0.06 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 0.34
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn -
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 0.33
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 0.13
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn -0.12
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 0.11
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 0.05
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn 0.82
10 Unifirst 4.79 Bn 4.63 Bn 218.82 Mn 0.20

Historic Data

Download Data
DateValue
Mar 31, 2026 0.13
Dec 31, 2025 1.01
Jun 30, 2025 -0.06
Mar 31, 2025 0.20
Dec 31, 2024 0.09
Sep 30, 2024 25.00
Jun 30, 2024 0.47
Dec 31, 2023 -0.69
Sep 30, 2023 -3.75
Jun 30, 2023 -0.19
Mar 31, 2023 0.20