UL Solutions (ULS) Operating Leases (2023 - 2026)
UL Solutions (ULS) posted Operating Leases of $141.0 million for Q1 2026, down 5.37% sequentially from $149.0 million in Q4 2025, and down 6.0% YoY from $150.0 million in Q1 2025.
UL Solutions (ULS) Operating Leases (2023 - 2026) Analysis & Trends
UL Solutions has reported Operating Leases for 4 years, with the latest figure at $141.0 million in Q1 2026.
- Quarterly Operating Leases fell 6.0% year-over-year to $141.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $141.0 million (down 6.0% YoY) and the FY2025 annual result came in at $149.0 million, down 3.87% from the prior year.
- Operating Leases retreated to $141.0 million in Q1 2026 per ULS's latest filing, from $149.0 million in the prior quarter.
- Over five years, Operating Leases peaked at $155.0 million in Q4 2024 and troughed at $116.0 million in Q1 2024.
- A 4-year average of $140.6 million and a median of $149.5 million in 2025 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2025 and 2026: Operating Leases jumped 32.48% in 2025, then dropped 6.0% in 2026.
- Over 4 years, Operating Leases stood at $120.0 million in 2023, then increased by 29.17% to $155.0 million in 2024, then slipped by 3.87% to $149.0 million in 2025, then retreated by 5.37% to $141.0 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $141.0 million, $149.0 million, and $150.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn |
| 10 | Unifirst | 5.23 Bn | 5.06 Bn | 234.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 136.00 Mn |
| 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 |