SuperworthUL Solutions free cash flow ULS
Cash from operations less capital spending, by quarter and over the last twelve months, from 2023.
- Last 12 months, to Jun 30, 2026
- $436M
- Latest quarter, Q2 FY26
- $91M
- −13% on a year earlier
- Fiscal year 2025
- $403M
- +40% on the year before
UL Solutions' free cash flow was $436M over the twelve months to Jun 30, 2026, up 20% on a year earlier.
In its latest quarter, Q2 FY26, it was $91M, down 13% on the same quarter a year before.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | $403M | +40% |
| FY2024 | $287M | +14% |
| FY2023 | $252M | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | $91M | −13% | $436M | |
| Q1 FY26 | $150M | +46% | $450M | |
| Q4 FY25 | $86M | +19% | $403M | |
| Q3 FY25 | $109M | +30% | $389M | |
| Q2 FY25 | $105M | +123% | $364M | |
| Q1 FY25 | $103M | +23% | $306M | |
| Q4 FY24 | $72M | +7% | $287M | |
| Q3 FY24 | $84M | +8% | $282M | |
| Q2 FY24 | $47M | +422% | $276M | |
| Q1 FY24 | $84M | −14% | $238M | |
| Q4 FY23 | $67M | n/a | $252M | |
| Q3 FY23 | $78M | n/a | n/a |
Against its peers
Companies in Specialty Business Services nearest UL Solutions' size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| ULSUL Solutions | 2.9% |
| ITGartner | 8.9% |
| CPRTCopart | 4.7% |
| MHMcGraw Hill | 12.0% |
| CTASCintas | 2.3% |
| VVXV2X | 5.6% |
| Peer median | 5.6% |
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on UL Solutions
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.