Growth Metrics

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

UL Solutions' Operating Leases history spans 3 years, with the latest figure at $192.0 million for Q4 2025.

  • For Q4 2025, Operating Leases rose 23.87% year-over-year to $192.0 million; the TTM value through Dec 2025 reached $192.0 million, up 23.87%, while the annual FY2025 figure was $192.0 million, 23.87% up from the prior year.
  • Operating Leases for Q4 2025 was $192.0 million at UL Solutions, up from $150.0 million in the prior quarter.
  • Across five years, Operating Leases topped out at $192.0 million in Q4 2025 and bottomed at $116.0 million in Q1 2024.
  • The 3-year median for Operating Leases is $150.0 million (2025), against an average of $145.3 million.
  • The largest YoY upside for Operating Leases was 32.48% in 2025 against a maximum downside of 1.96% in 2025.
  • A 3-year view of Operating Leases shows it stood at $120.0 million in 2023, then grew by 29.17% to $155.0 million in 2024, then rose by 23.87% to $192.0 million in 2025.
  • Per Business Quant, the three most recent readings for ULS's Operating Leases are $192.0 million (Q4 2025), $150.0 million (Q3 2025), and $155.0 million (Q2 2025).