What is UL Solutions's capex?

UL Solutions (ULS) reported capex of $69M in Q1 2026.

How has UL Solutions's capex changed year-over-year?

UL Solutions's capex increased by 35.3% year-over-year, from $51M to $69M.

What is the long-term trend for UL Solutions's capex?

Over 3 years (2022 to 2025), UL Solutions's capex has grown at a 6.3% compound annual growth rate (CAGR), from $164M to $197M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

UL Solutions ULS CapEx

CapEx at other companies

FortiveFTV

$26.6M+26.1%

TIC Solutions TIC

$5.7M+27.3%

Applied Industrial TechnologiesAIT

$4.73M-37.3%

Tetra TechTTEK

$5.99M+7.2%

TE ConnectivityTEL

$270M+17.4%

ESO

Energy Services of AmericaESOA

$3.71M+68.7%

Other financials

Income statement

See full

Revenue$758.0M+7.5%

Gross profit$381.0M+12.1%

Operating income$138.0M+26.6%

Net income$92.0M+37.3%

EPS (diluted)$0.45+36.4%

Balance sheet

See full

Cash & equivalents$258.0M-3.4%

Total debt$539.0M-36.1%

Total equity$1.3B+36.0%

Total assets$3.0B+2.7%

Cash flow

See full

Operating cash flow$219.0M+42.2%

Free cash flow$150.0M+45.6%

Valuation

See full

Market cap$20.53B+35.1%

Enterprise value$20.81B+32.2%

P/E58.7×+12.2×

P/S6.6×+1.5×

Profitability

See full

Gross margin49.9%+1.3pp

Operating margin17.7%+1.2pp

Net margin11.3%-0.3pp

FCF margin14.5%+4.0pp

Returns & leverage

See full

Return on equity30.6%-10.5pp

Debt / equity0.4×-0.5×

Current ratio1.2×-0.1×

Where this comes from

Reported directly by UL Solutions in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: UL Solutions’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about UL Solutions's capex.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is UL Solutions's capex?: UL Solutions (ULS) reported capex of $69M in Q1 2026.
How has UL Solutions's capex changed year-over-year?: UL Solutions's capex increased by 35.3% year-over-year, from $51M to $69M.
What is the long-term trend for UL Solutions's capex?: Over 3 years (2022 to 2025), UL Solutions's capex has grown at a 6.3% compound annual growth rate (CAGR), from $164M to $197M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.