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UL Solutions Inc.

ULS Industrials Specialty Business Services

UL Solutions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 6.38% from fiscal 2024.

Revenue
+5.11%
EPS
+6.00%
Free cash flow
+41.3%
Total debt
+40.4%

Quarter to September 2026, against a year earlier

79.80 0.60 −0.75%
Market cap
$16.2B
P/E
31.5×
Fwd P/E
26.9×
Dividend yield
0.71%
F-score
7/9
Altman Z
7.80
Beneish M
−2.77
Dividend safety
81/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

UL Solutions Inc. (ULS) EV/FCF

Alert me on EV/FCF

As of 3 November 2026, UL Solutions Inc. (ULS) trades at a EV/FCF of 33.2×. Over the past ten years it has ranged from 27.1× (September 2026) to 49.1× (June 2025); the current reading is higher than 10% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 39.9× 10.01%
FY2024 36.3× 15.04%
FY2023 31.6× 0.00%
FY2022 31.6× 0.00%
FY2021 31.6× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 27.1× (42.26%)
Jun 2026 47.0× 21.72%
Mar 2026 38.6× (3.32%)
Dec 2025 39.9× 6.55%
11 more quarters

Against its own ten years

Low 27.1× High 49.1×
Ten-year median 38.8×
Current reading's percentile 10

EV/FCF against peers

Company EV/FCF
ARMK Aramark compare −11.3×
RTO Rentokil Initial PLC compare 1.5×
DLB Dolby Laboratories compare 14.6×
AMTM Amentum Holdings, Inc. compare 18.6×
CPRT Copart, Inc. compare 19.8×
AZZ AZZ Inc. compare 21.4×
FA First Advantage Corporation compare 28.4×
ULS UL Solutions Inc. 33.2×
UNF Unifirst Corporation compare 62.3×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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