UL Solutions (ULS) Other Working Capital Changes (2023 - 2026)
Quarterly results put Other Working Capital Changes at -$1.0 million for Q1 2026, up 66.67% from a year ago — trailing twelve months through Mar 2026 was -$33.0 million (down 200.0% YoY), and the annual figure for FY2025 was -$35.0 million, down 288.89%.
UL Solutions has reported Other Working Capital Changes over the past 4 years, most recently at -$1.0 million for Q1 2026.
- Other Working Capital Changes reached -$1.0 million in Q1 2026 per ULS's latest filing, up from -$2.0 million in the prior quarter.
- Across five years, Other Working Capital Changes topped out at $4.0 million in Q1 2023 and bottomed at -$28.0 million in Q3 2025.
- Median Other Working Capital Changes over the past 4 years was -$2.0 million (2024), compared with a mean of -$3.2 million.
- The largest annual shift saw Other Working Capital Changes plummeted 460.0% in 2025 before it surged 66.67% in 2026.
- Over 4 years, Other Working Capital Changes stood at $1.0 million in 2023, then plummeted by 200.0% to -$1.0 million in 2024, then crashed by 100.0% to -$2.0 million in 2025, then surged by 50.0% to -$1.0 million in 2026.
- Business Quant data shows Other Working Capital Changes for ULS at -$1.0 million in Q1 2026, -$2.0 million in Q4 2025, and -$28.0 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 | -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 |
| Sep 30, 2023 | 4.00 Mn |
| Sep 30, 2023 | 4.00 Mn |
| Jun 30, 2023 | -5.00 Mn |
| Jun 30, 2023 | -5.00 Mn |
| Mar 31, 2023 | 4.00 Mn |
| Mar 31, 2023 | 4.00 Mn |