What is UL Solutions's operating cash flow?

UL Solutions (ULS) reported operating cash flow of $219M in Q1 2026.

How has UL Solutions's operating cash flow changed year-over-year?

UL Solutions's operating cash flow increased by 42.2% year-over-year, from $154M to $219M.

What is the long-term trend for UL Solutions's operating cash flow?

Over 3 years (2022 to 2025), UL Solutions's operating cash flow has grown at a 17.3% compound annual growth rate (CAGR), from $372M to $600M.

What does operating cash flow mean?

Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

UL Solutions ULS Operating Cash Flow

Operating Cash Flow at other companies

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$234.8M-2.9%

TIC Solutions TIC

$9.93M-69.7%

Applied Industrial TechnologiesAIT

$100.11M-18.2%

Tetra TechTTEK

$165.34M—

TE ConnectivityTEL

$947M+45.0%

ESO

Energy Services of AmericaESOA

$3.64M+228%

Other financials

Income statement

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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

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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

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CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation

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Market cap$20.53B+35.1%

Enterprise value$20.81B+32.2%

P/E58.7×+12.2×

P/S6.6×+1.5×

Profitability

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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:NetCashProvidedByUsedInOperatingActivities.

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

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Questions, answered.

What is UL Solutions's operating cash flow?: UL Solutions (ULS) reported operating cash flow of $219M in Q1 2026.
How has UL Solutions's operating cash flow changed year-over-year?: UL Solutions's operating cash flow increased by 42.2% year-over-year, from $154M to $219M.
What is the long-term trend for UL Solutions's operating cash flow?: Over 3 years (2022 to 2025), UL Solutions's operating cash flow has grown at a 17.3% compound annual growth rate (CAGR), from $372M to $600M.
What does operating cash flow mean?: Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.