UL Solutions (ULS) Other Working Capital Changes (2023 - 2026)
UL Solutions' (ULS) quarterly Other Working Capital Changes came in at -$1.0 million in Q1 2026, up 66.67% year-on-year from -$600000.0 in Q1 2025, and up 50.0% quarter-over-quarter from -$2.0 million in Q4 2025.
UL Solutions (ULS) Other Working Capital Changes (2023 - 2026) Analysis & Trends
UL Solutions has disclosed Other Working Capital Changes across 4 years of filings, most recently posting -$1.0 million for Q1 2026.
- Other Working Capital Changes for Q1 2026 came in at -$1.0 million, up 66.67% year-over-year; the trailing twelve-month figure through Mar 2026 was -$33.0 million (down 200.0% YoY), and the FY2025 annual result was -$35.0 million, down 288.89% from the prior year.
- Other Working Capital Changes came in at -$1.0 million for Q1 2026 at UL Solutions, up from -$2.0 million in the prior quarter.
- In the past five years, Other Working Capital Changes ranged from a high of $4.0 million in Q1 2023 to a low of -$28.0 million in Q3 2025.
- The 4-year median for Other Working Capital Changes is -$2.0 million (2024), against an average of -$3.2 million.
- Across the five-year window, Other Working Capital Changes plunged 460.0% in 2025 and surged 66.67% in 2026, its largest moves.
- UL Solutions' Other Working Capital Changes stood at $1.0 million in 2023, then slumped by 200.0% to -$1.0 million in 2024, then sank by 100.0% to -$2.0 million in 2025, then surged by 50.0% to -$1.0 million in 2026.
- The last three Other Working Capital Changes figures came in at -$1.0 million (Q1 2026), -$2.0 million (Q4 2025), and -$28.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn |
| 10 | Unifirst | 4.79 Bn | 4.63 Bn | 218.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.00 Mn |
| Mar 31, 2026 | -1.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Dec 31, 2025 | -2.00 Mn |
| Sep 30, 2025 | -28.00 Mn |
| Sep 30, 2025 | -28.00 Mn |
| Jun 30, 2025 | -2.00 Mn |
| Jun 30, 2025 | -2.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Mar 31, 2025 | -3.00 Mn |
| Dec 31, 2024 | -1.00 Mn |
| Dec 31, 2024 | -1.00 Mn |
| Sep 30, 2024 | -5.00 Mn |
| Sep 30, 2024 | -5.00 Mn |
| Jun 30, 2024 | -2.00 Mn |
| Jun 30, 2024 | -2.00 Mn |
| Mar 31, 2024 | -1.00 Mn |
| Mar 31, 2024 | -1.00 Mn |
| Dec 31, 2023 | 1.00 Mn |
| Dec 31, 2023 | 1.00 Mn |