UL Solutions (ULS) Operating Leases (2023 - 2026)
Quarterly results put Operating Leases at $141.0 million for Q1 2026, down 6.0% from a year ago — trailing twelve months through Mar 2026 was $141.0 million (down 6.0% YoY), and the annual figure for FY2025 was $149.0 million, down 3.87%.
UL Solutions has reported Operating Leases over the past 4 years, most recently at $141.0 million for Q1 2026.
- Operating Leases reached $141.0 million in Q1 2026 per ULS's latest filing, down from $149.0 million in the prior quarter.
- Across five years, Operating Leases topped out at $155.0 million in Q4 2024 and bottomed at $116.0 million in Q1 2024.
- Median Operating Leases over the past 4 years was $149.5 million (2025), compared with a mean of $140.6 million.
- The largest annual shift saw Operating Leases surged 32.48% in 2025 before it decreased 6.0% in 2026.
- Over 4 years, Operating Leases stood at $120.0 million in 2023, then rose by 29.17% to $155.0 million in 2024, then dropped by 3.87% to $149.0 million in 2025, then decreased by 5.37% to $141.0 million in 2026.
- Business Quant data shows Operating Leases for ULS at $141.0 million in Q1 2026, $149.0 million in Q4 2025, and $150.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 141.00 Mn |
| Dec 31, 2025 | 149.00 Mn |
| Sep 30, 2025 | 150.00 Mn |
| Jun 30, 2025 | 155.00 Mn |
| Mar 31, 2025 | 150.00 Mn |
| Dec 31, 2024 | 155.00 Mn |
| Sep 30, 2024 | 153.00 Mn |
| Jun 30, 2024 | 117.00 Mn |
| Mar 31, 2024 | 116.00 Mn |
| Dec 31, 2023 | 120.00 Mn |