UL Solutions (ULS) Invested Capital (2023 - 2026)
UL Solutions' (ULS) quarterly Invested Capital came in at $1.3 billion in Q1 2026, down 18.39% year-on-year from $1.6 billion in Q1 2025, and down 23.79% quarter-over-quarter from $1.8 billion in Q4 2025.
UL Solutions (ULS) Invested Capital (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Invested Capital across 4 years of filings, most recently posting $1.3 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $1.3 billion, down 18.39% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.3 billion (down 18.39% YoY), and the FY2025 annual result was $1.8 billion, up 4.78% from the prior year.
- Invested Capital came in at $1.3 billion for Q1 2026 at UL Solutions, down from $1.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $1.8 billion in Q4 2025 to a low of $1.1 billion in Q1 2023.
- The 4-year median for Invested Capital is $1.6 billion (2024), against an average of $1.5 billion.
- Across the five-year window, Invested Capital soared 41.44% in 2024 and decreased 18.39% in 2026, its largest moves.
- UL Solutions' Invested Capital stood at $1.6 billion in 2023, then advanced by 5.75% to $1.7 billion in 2024, then grew by 4.78% to $1.8 billion in 2025, then decreased by 23.79% to $1.3 billion in 2026.
- The last three Invested Capital figures came in at $1.3 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 7.22 Bn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 8.77 Bn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 7.94 Bn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 1.34 Bn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | 46.49 Bn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 4.43 Bn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | 12.81 Bn |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 8.63 Bn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 2.62 Bn |
| 10 | Unifirst | 4.79 Bn | 4.63 Bn | 218.82 Mn | 2.18 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.34 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 30, 2025 | 1.74 Bn |
| Jun 30, 2025 | 1.72 Bn |
| Mar 31, 2025 | 1.64 Bn |
| Dec 31, 2024 | 1.67 Bn |
| Sep 30, 2024 | 1.69 Bn |
| Jun 30, 2024 | 1.60 Bn |
| Mar 31, 2024 | 1.56 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.20 Bn |
| Jun 30, 2023 | 1.18 Bn |
| Mar 31, 2023 | 1.12 Bn |