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
DateValue
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