UL Solutions (ULS) Free Cash Flow (2023 - 2026)
Quarterly results put Free Cash Flow at $150.0 million for Q1 2026, up 17.19% from a year ago — trailing twelve months through Mar 2026 was $425.0 million (down 15.17% YoY), and the annual figure for FY2025 was $403.0 million, down 16.22%.
UL Solutions has reported Free Cash Flow over the past 4 years, most recently at $150.0 million for Q1 2026.
- Free Cash Flow reached $150.0 million in Q1 2026 per ULS's latest filing, up from $86.0 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $266.0 million in Q4 2024 and bottomed at -$16.0 million in Q3 2023.
- Median Free Cash Flow over the past 4 years was $103.0 million (2023), compared with a mean of $98.9 million.
- Peak annual rise in Free Cash Flow hit 3800.0% in 2025, while the deepest fall reached 67.67% in 2025.
- Over 4 years, Free Cash Flow stood at $67.0 million in 2023, then surged by 297.01% to $266.0 million in 2024, then plummeted by 67.67% to $86.0 million in 2025, then skyrocketed by 74.42% to $150.0 million in 2026.
- Business Quant data shows Free Cash Flow for ULS at $150.0 million in Q1 2026, $86.0 million in Q4 2025, and $39.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 530.57 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 57.88 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 150.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -550.16 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 172.60 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 298.98 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 220.00 Mn |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn | 83.44 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 |
| Sep 30, 2023 | -16.00 Mn |
| Sep 30, 2023 | -16.00 Mn |
| Jun 30, 2023 | 103.00 Mn |
| Jun 30, 2023 | 103.00 Mn |
| Mar 31, 2023 | 98.00 Mn |
| Mar 31, 2023 | 98.00 Mn |