UL Solutions (ULS) Free Cash Flow (2023 - 2026)
UL Solutions (ULS) posted Free Cash Flow of $178.0 million for Q1 2026, up 44.72% sequentially from $123.0 million in Q4 2025, and up 72.82% YoY from $103.0 million in Q1 2025.
UL Solutions (ULS) Free Cash Flow (2023 - 2026) Analysis & Trends
UL Solutions has reported Free Cash Flow for 4 years, with the latest figure at $178.0 million in Q1 2026.
- Quarterly Free Cash Flow rose 72.82% year-over-year to $178.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $621.0 million (up 30.46% YoY) and the FY2025 annual result came in at $546.0 million, up 13.51% from the prior year.
- Free Cash Flow rose to $178.0 million in Q1 2026 per ULS's latest filing, from $123.0 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $215.0 million in Q3 2025 and troughed at -$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.
- The widest YoY moves for Free Cash Flow: up 421.21% in 2024, down 27.27% in 2024.
- Over 4 years, Free Cash Flow stood at -$64.0 million in 2023, then soared by 279.69% to $115.0 million in 2024, then grew by 6.96% to $123.0 million in 2025, then soared by 44.72% to $178.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $178.0 million, $123.0 million, and $215.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.84 Bn | 81.56 Bn | 1.48 Bn | 613.11 Mn |
| 2 | Relx | 65.92 Bn | 65.74 Bn | - | - |
| 3 | Copart | 31.68 Bn | 28.33 Bn | 732.88 Mn | 503.31 Mn |
| 4 | Global Payments | 25.34 Bn | 19.93 Bn | 2.03 Bn | 426.96 Mn |
| 5 | Rb Global | 16.15 Bn | 15.62 Bn | 935.50 Mn | 63.60 Mn |
| 6 | Aramark | 15.72 Bn | 15.22 Bn | 430.34 Mn | 4.82 Mn |
| 7 | UL Solutions | 15.16 Bn | 14.72 Bn | 417.00 Mn | 91.00 Mn |
| 8 | Rentokil Initial | 11.92 Bn | 9.40 Bn | - | - |
| 9 | Dolby Laboratories | 6.14 Bn | 5.47 Bn | 264.68 Mn | 152.47 Mn |
| 10 | Unifirst | 5.24 Bn | 5.07 Bn | 234.73 Mn | 21.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 91.00 Mn |
| Jun 30, 2026 | 91.00 Mn |
| 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 |