UL Solutions (ULS) Total Debt (2023 - 2026)
UL Solutions (ULS) recorded Total Debt of $301 million in Q2 2026, down 50.5% from $608 million a year earlier and down 15.7% from the prior quarter.
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Analysis
UL Solutions (ULS) Total Debt (2023 - 2026) Analysis & Trends
At the end of FY2025, UL Solutions reported Total Debt of $491 million, down 33.8% from FY2024.
- Across earlier years, Total Debt came in at $742 million in FY2024 (-17.9%) and $904 million in FY2023.
- The Q2 2026 figure is the lowest quarterly Total Debt in data going back to Q4 2023.
- On a year-over-year basis, Total Debt has declined for seven consecutive quarters, with an average decline of 32.4% over the last seven quarters.
- Per Business Quant, the preceding three quarters came in at $357 million (Q1 2026), $491 million (Q4 2025) and $544 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 118.39 Bn | 78.80 Bn | 6.13 Bn | 5.14 Bn |
| 2 | Cintas | 79.13 Bn | 78.31 Bn | 1.48 Bn | 2.43 Bn |
| 3 | Iron Mountain | 33.17 Bn | 32.69 Bn | 1.07 Bn | 17.35 Bn |
| 4 | APi | 16.75 Bn | 13.79 Bn | 703.00 Mn | 3.52 Bn |
| 5 | Rollins | 14.67 Bn | 14.22 Bn | 569.95 Mn | 703.03 Mn |
| 6 | Aramark | 14.35 Bn | 12.37 Bn | 430.34 Mn | 6.13 Bn |
| 7 | UL Solutions | 13.11 Bn | 11.89 Bn | 417.00 Mn | 301.00 Mn |
| 8 | Gartner | 11.73 Bn | 5.42 Bn | 1.19 Bn | 2.98 Bn |
| 9 | Rentokil Initial | 10.12 Bn | 3.46 Bn | - | -1.94 Bn |
| 10 | Tetra Tech | 8.63 Bn | 7.74 Bn | 243.21 Mn | 801.06 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 301.00 Mn |
| Mar 31, 2026 | 357.00 Mn |
| Dec 31, 2025 | 491.00 Mn |
| Sep 30, 2025 | 544.00 Mn |
| Jun 30, 2025 | 608.00 Mn |
| Mar 31, 2025 | 653.00 Mn |
| Dec 31, 2024 | 742.00 Mn |
| Sep 30, 2024 | 797.00 Mn |
| Jun 30, 2024 | 785.00 Mn |
| Mar 31, 2024 | 867.00 Mn |
| Dec 31, 2023 | 904.00 Mn |
API Access
UL Solutions Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "ULS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();