Growth Metrics

UL Solutions (ULS) Operating Leases (2023 - 2025)

UL Solutions (ULS) has disclosed Operating Leases for 3 consecutive years, with $192.0 million as the latest value for Q4 2025.

  • Quarterly Operating Leases rose 23.87% to $192.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $192.0 million through Dec 2025, up 23.87% year-over-year, with the annual reading at $192.0 million for FY2025, 23.87% up from the prior year.
  • Operating Leases hit $192.0 million in Q4 2025 for UL Solutions, up from $150.0 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $192.0 million in Q4 2025 to a low of $116.0 million in Q1 2024.
  • Historically, Operating Leases has averaged $145.3 million across 3 years, with a median of $150.0 million in 2025.
  • Biggest YoY gain for Operating Leases was 32.48% in 2025; the steepest drop was 1.96% in 2025.
  • Year by year, Operating Leases stood at $120.0 million in 2023, then increased by 29.17% to $155.0 million in 2024, then grew by 23.87% to $192.0 million in 2025.
  • Business Quant data shows Operating Leases for ULS at $192.0 million in Q4 2025, $150.0 million in Q3 2025, and $155.0 million in Q2 2025.