UL Solutions Inc. Free Cash Flow Generation Index

Latest as of March 2026: 0.68x

UL Solutions Inc. free cash flow generation index. UL Solutions Inc. (ULS) has a Free Cash Flow Generation Index of 0.68x as of March 2026. Free cash flow of $150.00 Million represents 1% of operating cash flow ($219.00 Million).

FCF Generation Index

0.68x
Free Cash Flow / Operating CF

Free Cash Flow

$150.00 Million
USD

Operating Cash Flow

$219.00 Million
USD

Capital Expenditures

$69.00 Million
USD

Free Cash Flow Generation Index of UL Solutions Inc. (2019–2025)

Free cash flow generation index of UL Solutions Inc. from 2019 to 2025. Historical FCF Generation Index trend for UL Solutions Inc. across 7 annual periods. See UL Solutions Inc. free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.

UL Solutions Inc. Free Cash Flow Generation Index by Year (2019–2025)

UL Solutions Inc. free cash flow generation index by year from 2019 to 2025. Year-by-year Free Cash Flow Generation Index for UL Solutions Inc.. For the full cash flow conversion analysis, see ULS operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.67x $403.00 Million $600.00 Million $197.00 Million ▲ +22.6%
2024 0.55x $287.00 Million $524.00 Million $237.00 Million ▲ +1.5%
2023 0.54x $252.00 Million $467.00 Million $215.00 Million ▼ -3.5%
2022 0.56x $208.00 Million $372.00 Million $164.00 Million ▼ -25.0%
2021 0.75x $314.00 Million $421.00 Million $107.00 Million ▼ -1.3%
2020 0.76x $368.00 Million $487.00 Million $119.00 Million ▲ +23.1%
2019 0.61x $237.00 Million $386.00 Million $149.00 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).