UL Solutions Cash Flow Statement
NYSE: ULSHealth CarePrecision InstrumentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
UL Solutions free cash flow
In fiscal 2025, UL Solutions generated $600.0 million of operating cash flow and spent $197.0 million on capital expenditures. That left free cash flow of $403.0 million, a free-cash-flow margin of 13.2% of revenue. Free cash flow was up 40.4% from the prior year's $287.0 million.
UL Solutions returned $104.0 million to shareholders through dividends, equal to 26% of free cash flow. Free cash flow covered dividend payments 3.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
UL Solutions cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Net Income | 345.00M | 345.00M | 276.00M | 309.00M |
| Net Income growth (YoY) | 0.00% | +25.00% | -10.68% | — |
| Depreciation & Amortization | 188.00M | 172.00M | 154.00M | 135.00M |
| Stock-Based Compensation | 47.00M | 23.00M | 0 | 0 |
| Change in Working Capital | 35.00M | -11.00M | -21.00M | -118.00M |
| Operating Cash Flow | 600.00M | 524.00M | 467.00M | 372.00M |
| Capital Expenditures | -197.00M | -237.00M | -215.00M | -164.00M |
| Investing Cash Flow | -204.00M | -234.00M | -175.00M | -238.00M |
| Dividends Paid | -104.00M | -100.00M | -680.00M | -1.60B |
| Debt Issued | 792.00M | 181.00M | 440.00M | 700.00M |
| Debt Repaid | -1.04B | -346.00M | -30.00M | -200.00M |
| Financing Cash Flow | -396.00M | -284.00M | -294.00M | -1.12B |
| Net Change in Cash | -3.00M | -17.00M | -7.00M | -1.01B |
| Free Cash Flow | 403.00M | 287.00M | 252.00M | 208.00M |
This table shows 4 annual periods of UL Solutions's cash flow statement, from FY 2025 back to FY 2022, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ULS's reporting calendar. What is a cash flow statement?