UL Solutions (ULS) Free Cash Flow (2023 - 2026)
UL Solutions (ULS) reported Free Cash Flow of $178.0 million for Q1 2026, up 72.82% on a YoY basis from $103.0 million in Q1 2025, and up 44.72% sequentially from $123.0 million in Q4 2025.
UL Solutions (ULS) Free Cash Flow (2023 - 2026) Analysis & Trends
UL Solutions (ULS) has 4 years of Free Cash Flow data on file, last reported at $178.0 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow rose 72.82% year-over-year to $178.0 million; the trailing twelve-month figure through Mar 2026 stood at $621.0 million (up 30.46% YoY), and the FY2025 full-year result was $546.0 million, up 13.51% from the prior year.
- Free Cash Flow rose to $178.0 million in Q1 2026, from $123.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $215.0 million in Q3 2025 to a low of -$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.
- Peak annual rise in Free Cash Flow reached 421.21% in 2024, while the deepest fall reached 27.27% in 2024.
- Tracing ULS's Free Cash Flow over 4 years: stood at -$64.0 million in 2023, then soared by 279.69% to $115.0 million in 2024, then gained by 6.96% to $123.0 million in 2025, then soared by 44.72% to $178.0 million in 2026.
- Business Quant data shows ULS's Free Cash Flow at $178.0 million in Q1 2026, $123.0 million in Q4 2025, and $215.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.31 Bn | 81.12 Bn | 1.45 Bn | 530.57 Mn |
| 2 | Rentokil Initial | 73.75 Bn | 71.25 Bn | - | - |
| 3 | Relx | 60.28 Bn | 60.04 Bn | - | - |
| 4 | Thomson Reuters | 38.09 Bn | 37.23 Bn | - | 661.00 Mn |
| 5 | Copart | 25.18 Bn | 21.85 Bn | 732.88 Mn | 503.31 Mn |
| 6 | Global Payments | 21.29 Bn | 16.10 Bn | 1.70 Bn | -550.16 Mn |
| 7 | Rb Global | 20.33 Bn | 20.14 Bn | 927.90 Mn | 172.60 Mn |
| 8 | UL Solutions | 17.42 Bn | 17.18 Bn | 381.00 Mn | 178.00 Mn |
| 9 | Aramark | 15.00 Bn | 14.59 Bn | 426.39 Mn | 298.98 Mn |
| 10 | Amentum Holdings | 5.37 Bn | 5.04 Bn | 345.00 Mn | 220.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | -64.00 Mn |
| Dec 31, 2023 | -64.00 Mn |