UL Solutions Inc. logo

UL Solutions Inc.

ULS

NYSEIndustrialsSpecialty Business Services

Previous close

$75.06

−$0.20 · -0.27%

Aug 21, 4:00 PM ET

ULS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

40

Expensive

Momentum

43

Neutral

Sentiment

60

Mixed

Risk resilience

67

Moderate Risk

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Company profile

Company website

UL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory. The Industrial division provides comprehensive testing, inspection, and certification services. These offerings serve a wide range of markets, including energy, industrial automation, engineered materials, and the built environment, supporting various parties such as manufacturers, building owners, end-users, and regulatory authorities. Within the Consumer segment, UL Solutions delivers diverse services, including safety certification testing, ongoing compliance monitoring, and assistance with global market access. It also conducts evaluations for connectivity, performance, and quality, alongside offering critical systems advisory and training. Furthermore, this segment aids clients with product market acceptance and risk mitigation. Its customer base includes industries producing consumer electronics, medical devices, information technologies, appliances, HVAC systems, lighting, and retail goods, as well as those involved in emerging consumer applications like new mobility, smart products, and 5G technology. The Software and Advisory segment offers specialized software solutions and technical consulting. These services enable clients in heavily regulated industries, such as life sciences, to manage intricate regulatory obligations, improve transparency within their supply chains, and embed sustainability into their operations, particularly concerning new ESG (Environmental, Social, and Governance) and sustainability directives. A key offering is the ULTRUS software brand, designed to help customers achieve faster time-to-market, enhance sustainability, and strengthen safety protocols. Founded in 1894, the company was formerly known as UL Inc. before rebranding to UL Solutions Inc. in June 2022. Headquartered in Northbrook, Illinois, UL Solutions Inc. boasts a significant international presence with offices spanning North America, Asia Pacific, Africa, Europe, Latin America, and the Middle East. It operates as a subsidiary of ULSE Inc.

Industry
Specialty Business Services
Sector
Industrials
Headquarters
US
CEO
Jennifer F. Scanlon
Listed since
Apr 11, 2024
Employees
14,719

Market position

Day range

Current $75.06

52-week range

Current $75.06

Open
$75.315
Previous close
$75.26
Volume
298.68K
0.33× average
Average volume
914.73K
Average daily volume
Market cap
15.09B USD
Beta
0.7
Market reference 1
50-day average
$87.4176
-14.14% below average
200-day average
$85.5601
-12.27% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
16.39B USD
P/E (TTM)
29.9×
P/B (TTM)
9.46×
P/S (TTM)
4.8×
EV / EBITDA
22.2×
Earnings yield
2.05%
Free cash flow yield
2.54%
Dividend yield
0.73%

Profitability & efficiency

Gross margin
50.15%
Operating margin
17.88%
Net margin
16.02%
Return on equity
25.75%
Return on assets
11.13%
Return on invested capital
17.71%

Financial health

Debt / equity
0.35×
Current ratio
1.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends53%37%21%5%Gross margin, FY2021: 46.84%Gross margin, FY2022: 47.90%Gross margin, FY2023: 47.24%Gross margin, FY2024: 48.08%Gross margin, FY2025: 49.06%Operating margin, FY2021: 11.40%Operating margin, FY2022: 16.35%Operating margin, FY2023: 15.12%Operating margin, FY2024: 16.10%Operating margin, FY2025: 17.11%Net margin, FY2021: 8.90%Net margin, FY2022: 11.63%Net margin, FY2023: 9.71%Net margin, FY2024: 11.36%Net margin, FY2025: 10.65%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.84%. Gross margin FY2022 47.90%. Gross margin FY2023 47.24%. Gross margin FY2024 48.08%. Gross margin FY2025 49.06%. Operating margin FY2021 11.40%. Operating margin FY2022 16.35%. Operating margin FY2023 15.12%. Operating margin FY2024 16.10%. Operating margin FY2025 17.11%. Net margin FY2021 8.90%. Net margin FY2022 11.63%. Net margin FY2023 9.71%. Net margin FY2024 11.36%. Net margin FY2025 10.65%.

Income trends

Revenue

3.05B USD+6.38%

Operating income

522.35M USD+13.06%

Net income

325M USD-0.31%
Income trends across reported periods3.34B USD2.2B USD1.07B USD−58.9M USDRevenue, FY2021: 2.52B USDRevenue, FY2022: 2.52B USDRevenue, FY2023: 2.68B USDRevenue, FY2024: 2.87B USDRevenue, FY2025: 3.05B USDOperating income, FY2021: 287M USDOperating income, FY2022: 412M USDOperating income, FY2023: 405M USDOperating income, FY2024: 462M USDOperating income, FY2025: 522.35M USDNet income, FY2021: 224M USDNet income, FY2022: 293M USDNet income, FY2023: 260M USDNet income, FY2024: 326M USDNet income, FY2025: 325M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.52B USD. Revenue FY2022 2.52B USD. Revenue FY2023 2.68B USD. Revenue FY2024 2.87B USD. Revenue FY2025 3.05B USD. Operating income FY2021 287M USD. Operating income FY2022 412M USD. Operating income FY2023 405M USD. Operating income FY2024 462M USD. Operating income FY2025 522.35M USD. Net income FY2021 224M USD. Net income FY2022 293M USD. Net income FY2023 260M USD. Net income FY2024 326M USD. Net income FY2025 325M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.05B USD2.87B USD2.68B USD2.52B USD2.52B USD
Cost of goods sold1.56B USD1.49B USD1.41B USD1.31B USD1.34B USD
Gross profit1.5B USD1.38B USD1.27B USD1.21B USD1.18B USD
Research and development59M USD
Selling, general, and administrative975.47M USD918M USD860M USD795M USD892M USD
Operating expenses975.47M USD918M USD860M USD795M USD892M USD
Interest income3M USD4M USD12M USD
Interest expense41M USD55M USD35M USD17M USD1M USD
Depreciation and amortization235.65M USD172M USD154M USD135M USD142M USD
Operating income522.35M USD462M USD405M USD412M USD287M USD
Net income325M USD326M USD260M USD293M USD224M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
90%
9 beats, 1 miss, 0 met estimates
Average EPS surprise
+16.10%
10 comparable reports
Latest EPS result
0.59
Estimate 0.56 · Beat by 5.36%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.650.530.40.28Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 0.49, estimate 0.38, surprise +28.95%, Beat. Q2 2025, reported May 6, 2025: actual 0.37, estimate 0.315, surprise +17.39%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.52, estimate 0.47, surprise +10.64%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.56, estimate 0.472, surprise +18.62%, Beat. Q1 2026, reported Feb 19, 2026: actual 0.53, estimate 0.446, surprise +18.97%, Beat. Q2 2026, reported May 5, 2026: actual 0.5, estimate 0.413, surprise +21.07%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.59, estimate 0.56, surprise +5.36%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.61, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates848.64M789.61M730.58M671.54MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 20, 2025: actual 739M USD, estimate 704.18M USD, surprise +4.94%, Beat. Q2 2025, reported May 6, 2025: actual 705M USD, estimate 704.25M USD, surprise +0.11%, Beat. Q3 2025, reported Aug 5, 2025: actual 776M USD, estimate 768.81M USD, surprise +0.94%, Beat. Q4 2025, reported Nov 4, 2025: actual 783M USD, estimate 770.92M USD, surprise +1.57%, Beat. Q1 2026, reported Feb 19, 2026: actual 789M USD, estimate 782.36M USD, surprise +0.85%, Beat. Q2 2026, reported May 5, 2026: actual 758M USD, estimate 748.5M USD, surprise +1.27%, Beat. Q3 2026, reported Aug 4, 2026: actual 816M USD, estimate 813.62M USD, surprise +0.29%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 815.03M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$100.17

33.45% upside
Past 12 months12-month forecastHigh $115Average $100.17Low $86.00

Rating distribution

8 ratings
Strong buy00%
Buy563%
Hold338%
Sell00%
Strong sell00%

ULS peers

ETFs holding ULS

Funds reporting this stock among their holdings, ordered by reported position size.

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