What is UL Solutions's total debt?

UL Solutions (ULS) reported total debt of $539M in Q1 2026.

How has UL Solutions's total debt changed year-over-year?

UL Solutions's total debt decreased by 36.1% year-over-year, from $843M to $539M.

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

Over 2 years (2023 to 2025), UL Solutions's total debt has grown at a -19.8% compound annual growth rate (CAGR), from $1.06B to $683M.

UL Solutions ULS Total debt

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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 equity$1.3B+36.0%

Total assets$3.0B+2.7%

Cash flow

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Operating cash flow$219.0M+42.2%

CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation

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Market cap$18.41B+52.6%

Enterprise value$18.69B+47.6%

P/E52.6×+16.8×

P/S5.9×+1.8×

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

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Return on equity30.6%-10.5pp

Debt / equity0.4×-0.5×

Current ratio1.2×-0.1×

Where this comes from

Calculated from UL Solutions’s reported figures.

$357.0Mlong term debt=$539M

Plus components not separately reported this period.

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 total debt?: UL Solutions (ULS) reported total debt of $539M in Q1 2026.
How has UL Solutions's total debt changed year-over-year?: UL Solutions's total debt decreased by 36.1% year-over-year, from $843M to $539M.
What is the long-term trend for UL Solutions's total debt?: Over 2 years (2023 to 2025), UL Solutions's total debt has grown at a -19.8% compound annual growth rate (CAGR), from $1.06B to $683M.