UL Solutions Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jan '26 Jan 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	12,621	9,641	-	-	-	-
Enterprise Value	13,049	10,302	-	-	-	-
Last Close Price	58.50	46.24	-	-	-	-
PE Ratio	43.68	30.62	-	-	-	-
PS Ratio	4.93	3.48	-	-	-	-
PB Ratio	12.14	10.72	-	-	-	-
P/TBV Ratio	39.49	116.07	-	-	-	-
P/FCF Ratio	38.07	34.78	-	-	-	-
P/OCF Ratio	25.27	19.05	-	-	-	-
EV/Sales Ratio	5.16	3.72	-	-	-	-
EV/EBITDA Ratio	21.59	18.78	-	-	-	-
EV/EBIT Ratio	30.10	23.44	-	-	-	-
EV/FCF Ratio	39.36	37.16	-	-	-	-
Debt / Equity Ratio	0.60	1.00	1.57	0.61	0.07	0.07
Debt / EBITDA Ratio	1.03	1.45	1.84	1.20	0.36	0.33
Debt / FCF Ratio	1.89	3.26	4.22	3.17	0.49	0.44
Asset Turnover	1.04	1.04	0.98	0.79	0.70	-
Quick Ratio	1.17	1.20	1.28	1.38	2.44	2.29
Current Ratio	1.33	1.25	1.34	1.44	2.52	2.38
Return on Equity (ROE)	33.93%	42.88%	31.45%	18.13%	10.34%	-
Return on Assets (ROA)	11.15%	10.27%	9.10%	7.46%	4.45%	-
Return on Invested Capital (ROIC)	24.18%	25.27%	22.70%	24.84%	17.35%	16.52%
Return on Capital Employed (ROCE)	24.00%	22.10%	19.60%	18.80%	9.00%	11.50%
Earnings Yield	2.29%	3.27%	-	-	-	-
FCF Yield	2.63%	2.88%	-	-	-	-
Dividend Yield	0.75%	1.04%	-	-	-	-
Payout Ratio	30.38%	30.68%	30.77%	-	-	3.90%
Buyback Yield / Dilution	-0.87%	-0.50%	-	-443.28%	-	-
Total Shareholder Return	-0.13%	0.55%	-	-443.28%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.