UL Solutions Quarterly Cash Flow Statement
NYSE: ULSHealth CarePrecision InstrumentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
UL Solutions free cash flow
In the quarter ended Jun 30, 2026, UL Solutions generated $160.0 million of operating cash flow and spent $69.0 million on capital expenditures. That left free cash flow of $91.0 million, a free-cash-flow margin of 11.2% of revenue. Free cash flow was down 13.3% from the prior year's $105.0 million.
UL Solutions returned $29.0 million to shareholders through dividends, equal to 32% of free cash flow. Free cash flow covered dividend payments 3.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
UL Solutions cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 254.00M | 97.00M | 71.00M | 106.00M | 97.00M | 71.00M | 85.00M | 94.00M | 106.00M | 60.00M | 62.00M | 57.00M |
| Net Income growth (YoY) | +161.86% | +36.62% | -16.47% | +12.77% | -8.49% | +18.33% | +37.10% | +64.91% | +7.07% | +3.45% | — | — |
| Depreciation & Amortization | 46.00M | 47.00M | 51.00M | 46.00M | 46.00M | 45.00M | 47.00M | 43.00M | 41.00M | 41.00M | 43.00M | 37.00M |
| Stock-Based Compensation | 23.00M | 12.00M | 11.00M | 15.00M | 13.00M | 8.00M | 7.00M | 10.00M | 6.00M | 0 | 0 | 0 |
| Change in Working Capital | 110.00M | -182.00M | 46.00M | 80.00M | 102.00M | -193.00M | 31.00M | 85.00M | 62.00M | -189.00M | 36.00M | 36.00M |
| Operating Cash Flow | 160.00M | 219.00M | 144.00M | 155.00M | 147.00M | 154.00M | 130.00M | 150.00M | 103.00M | 141.00M | 126.00M | 121.00M |
| Capital Expenditures | -69.00M | -69.00M | -58.00M | -46.00M | -42.00M | -51.00M | -58.00M | -66.00M | -56.00M | -57.00M | -59.00M | -43.00M |
| Investing Cash Flow | 131.00M | -61.00M | -21.00M | -76.00M | -57.00M | -50.00M | -59.00M | -82.00M | -36.00M | -57.00M | -57.00M | -33.00M |
| Dividends Paid | -29.00M | -29.00M | -26.00M | -26.00M | -26.00M | -26.00M | -25.00M | -25.00M | -25.00M | -25.00M | -620.00M | -20.00M |
| Debt Issued | 0 | 187.00M | 508.00M | 134.00M | 88.00M | 62.00M | 73.00M | 88.00M | 0 | 20.00M | 410.00M | 0 |
| Debt Repaid | -57.00M | -321.00M | -561.00M | -199.00M | -133.00M | -152.00M | -128.00M | -103.00M | -70.00M | -45.00M | 0 | 0 |
| Financing Cash Flow | -114.00M | -194.00M | -82.00M | -93.00M | -86.00M | -135.00M | -82.00M | -43.00M | -110.00M | -49.00M | -219.00M | -36.00M |
| Net Change in Cash | 176.00M | -37.00M | 40.00M | -17.00M | 5.00M | -31.00M | -29.00M | 32.00M | -49.00M | 29.00M | -142.00M | 44.00M |
| Free Cash Flow | 91.00M | 150.00M | 86.00M | 109.00M | 105.00M | 103.00M | 72.00M | 84.00M | 47.00M | 84.00M | 67.00M | 78.00M |
This table shows 12 quarterly periods of UL Solutions's cash flow statement, from Q2 2026 back to Q3 2023, 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?