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
DateValue
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