UL Solutions ULS
NYSE ULS
$71.11 -1.78 (-2.44%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

UL Solutions' (ULS) quarterly Free Cash Flow came in at $91.0 million in Q2 2026, down 13.33% year-over-year from $105.0 million in Q2 2025, and down 39.33% quarter-over-quarter from $150.0 million in Q1 2026.

Analysis

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 $91.0 million for Q2 2026.

  • In Q2 2026, Free Cash Flow fell 13.33% year-over-year to $91.0 million; the TTM figure through Jun 2026 stood at $436.0 million (up 19.78% YoY), while the FY2025 annual figure was $403.0 million, up 40.42% from the prior year.
  • Free Cash Flow came in at $91.0 million for Q2 2026 at UL Solutions, down from $150.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $150.0 million in Q1 2026 to a low of $9.0 million in Q2 2023.
  • Average Free Cash Flow over 4 years is $84.5 million, with a median of $85.0 million recorded in 2024.
  • The largest YoY upside for Free Cash Flow was 422.22% in 2024 against a maximum downside of 14.29% in 2024.
  • Over 4 years, Free Cash Flow stood at $67.0 million in 2023, then grew by 7.46% to $72.0 million in 2024, then grew by 19.44% to $86.0 million in 2025, then advanced by 5.81% to $91.0 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $91.0 million in Q2 2026, $150.0 million in Q1 2026, and $86.0 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Accenture 108.80 Bn 98.63 Bn 6.13 Bn 3.60 Bn
2 UL Solutions 14.40 Bn 13.97 Bn 417.00 Mn 91.00 Mn
3 Gartner 11.34 Bn 9.85 Bn 1.19 Bn 378.37 Mn
4 Tetra Tech 9.21 Bn 8.98 Bn 243.21 Mn 225.13 Mn
5 Booz Allen Hamilton Holding 9.08 Bn 8.54 Bn 1.46 Bn 250.00 Mn
6 Genpact 5.81 Bn 5.29 Bn 490.34 Mn 58.52 Mn
7 Fti Consulting 4.32 Bn 4.16 Bn 316.27 Mn 141.03 Mn
8 Korn Ferry 4.01 Bn 2.88 Bn 685.99 Mn 271.87 Mn
9 Grand Canyon Education 3.95 Bn 3.68 Bn 204.08 Mn 97.91 Mn
10 Exponent 3.28 Bn 3.22 Bn 158.75 Mn 29.11 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 91.00 Mn
Mar 31, 2026 150.00 Mn
Dec 31, 2025 86.00 Mn
Sep 30, 2025 109.00 Mn
Jun 30, 2025 105.00 Mn
Mar 31, 2025 103.00 Mn
Dec 31, 2024 72.00 Mn
Sep 30, 2024 84.00 Mn
Jun 30, 2024 47.00 Mn
Mar 31, 2024 84.00 Mn
Dec 31, 2023 67.00 Mn
Sep 30, 2023 78.00 Mn
Jun 30, 2023 9.00 Mn
Mar 31, 2023 98.00 Mn