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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |