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
DateValue
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