UL Solutions (ULS) Free Cash Flow (2023 - 2026)
UL Solutions' (ULS) quarterly Free Cash Flow came in at $150.0 million in Q1 2026, up 17.19% year-on-year from $128.0 million in Q1 2025, and up 74.42% quarter-over-quarter from $86.0 million in Q4 2025.
UL Solutions (ULS) Free Cash Flow (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Free Cash Flow across 4 years of filings, most recently posting $150.0 million for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $150.0 million, up 17.19% year-over-year; the trailing twelve-month figure through Mar 2026 was $425.0 million (down 15.17% YoY), and the FY2025 annual result was $403.0 million, down 16.22% from the prior year.
- Free Cash Flow came in at $150.0 million for Q1 2026 at UL Solutions, up from $86.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $266.0 million in Q4 2024 to a low of -$16.0 million in Q3 2023.
- The 4-year median for Free Cash Flow is $103.0 million (2023), against an average of $98.9 million.
- Peak annual rise in Free Cash Flow reached 3800.0% in 2025, while the deepest fall reached 67.67% in 2025.
- UL Solutions' Free Cash Flow stood at $67.0 million in 2023, then surged by 297.01% to $266.0 million in 2024, then slumped by 67.67% to $86.0 million in 2025, then jumped by 74.42% to $150.0 million in 2026.
- The last three Free Cash Flow figures came in at $150.0 million (Q1 2026), $86.0 million (Q4 2025), and $39.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 530.57 Mn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 503.31 Mn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 172.60 Mn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 150.00 Mn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | -550.16 Mn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 298.98 Mn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 220.00 Mn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 83.44 Mn |
| 10 | Unifirst | 4.79 Bn | 4.63 Bn | 218.82 Mn | 5.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 150.00 Mn |
| Mar 31, 2026 | 150.00 Mn |
| Dec 31, 2025 | 86.00 Mn |
| Dec 31, 2025 | 86.00 Mn |
| Sep 30, 2025 | 39.00 Mn |
| Sep 30, 2025 | 39.00 Mn |
| Jun 30, 2025 | 150.00 Mn |
| Jun 30, 2025 | 150.00 Mn |
| Mar 31, 2025 | 128.00 Mn |
| Mar 31, 2025 | 128.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Dec 31, 2024 | 266.00 Mn |
| Sep 30, 2024 | 1.00 Mn |
| Sep 30, 2024 | 1.00 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 | 67.00 Mn |
| Dec 31, 2023 | 67.00 Mn |