UL Solutions (ULS) Free Cash Flow (2023 - 2026)

UL Solutions (ULS) reported Free Cash Flow of $178.0 million for Q1 2026, up 72.82% on a YoY basis from $103.0 million in Q1 2025, and up 44.72% sequentially from $123.0 million in Q4 2025.

UL Solutions (ULS) Free Cash Flow (2023 - 2026) Analysis & Trends

UL Solutions (ULS) has 4 years of Free Cash Flow data on file, last reported at $178.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow rose 72.82% year-over-year to $178.0 million; the trailing twelve-month figure through Mar 2026 stood at $621.0 million (up 30.46% YoY), and the FY2025 full-year result was $546.0 million, up 13.51% from the prior year.
  • Free Cash Flow rose to $178.0 million in Q1 2026, from $123.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $215.0 million in Q3 2025 to a low of -$64.0 million in Q4 2023.
  • A 4-year average of $112.1 million and a median of $115.0 million in 2024 frame the typical range for Free Cash Flow.
  • Peak annual rise in Free Cash Flow reached 421.21% in 2024, while the deepest fall reached 27.27% in 2024.
  • Tracing ULS's Free Cash Flow over 4 years: stood at -$64.0 million in 2023, then soared by 279.69% to $115.0 million in 2024, then gained by 6.96% to $123.0 million in 2025, then soared by 44.72% to $178.0 million in 2026.
  • Business Quant data shows ULS's Free Cash Flow at $178.0 million in Q1 2026, $123.0 million in Q4 2025, and $215.0 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Cintas 81.31 Bn 81.12 Bn 1.45 Bn 530.57 Mn
2 Rentokil Initial 73.75 Bn 71.25 Bn - -
3 Relx 60.28 Bn 60.04 Bn - -
4 Thomson Reuters 38.09 Bn 37.23 Bn - 661.00 Mn
5 Copart 25.18 Bn 21.85 Bn 732.88 Mn 503.31 Mn
6 Global Payments 21.29 Bn 16.10 Bn 1.70 Bn -550.16 Mn
7 Rb Global 20.33 Bn 20.14 Bn 927.90 Mn 172.60 Mn
8 UL Solutions 17.42 Bn 17.18 Bn 381.00 Mn 178.00 Mn
9 Aramark 15.00 Bn 14.59 Bn 426.39 Mn 298.98 Mn
10 Amentum Holdings 5.37 Bn 5.04 Bn 345.00 Mn 220.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 178.00 Mn
Mar 31, 2026 178.00 Mn
Dec 31, 2025 123.00 Mn
Dec 31, 2025 123.00 Mn
Sep 30, 2025 215.00 Mn
Sep 30, 2025 215.00 Mn
Jun 30, 2025 105.00 Mn
Jun 30, 2025 105.00 Mn
Mar 31, 2025 103.00 Mn
Mar 31, 2025 103.00 Mn
Dec 31, 2024 115.00 Mn
Dec 31, 2024 115.00 Mn
Sep 30, 2024 152.00 Mn
Sep 30, 2024 152.00 Mn
Jun 30, 2024 106.00 Mn
Jun 30, 2024 106.00 Mn
Mar 31, 2024 108.00 Mn
Mar 31, 2024 108.00 Mn
Dec 31, 2023 -64.00 Mn
Dec 31, 2023 -64.00 Mn