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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	13,681	14,341	9,641	-	-	-
Market Cap Growth	28.86%	48.74%	-	-	-	-
Enterprise Value	14,037	14,773	10,302	-	-	-
Last Close Price	59.50	66.00	46.24	-	-	-
PE Ratio	49.42	51.81	30.62	-	-	-
PS Ratio	5.26	5.52	3.48	-	-	-
PB Ratio	12.41	13.01	10.72	-	-	-
P/TBV Ratio	35.46	37.17	116.07	-	-	-
P/FCF Ratio	39.86	41.78	34.78	-	-	-
P/OCF Ratio	26.77	28.06	19.05	-	-	-
EV/Sales Ratio	5.42	5.68	3.72	-	-	-
EV/EBITDA Ratio	21.56	25.66	18.81	-	-	-
EV/EBIT Ratio	29.91	31.37	23.49	-	-	-
EV/FCF Ratio	40.90	43.04	37.16	-	-	-
Debt / Equity Ratio	0.53	0.53	1.00	1.57	0.61	0.07
Debt / EBITDA Ratio	0.89	0.89	1.45	1.83	1.20	0.36
Debt / FCF Ratio	1.70	1.70	3.26	4.22	3.17	0.49
Net Debt / Equity Ratio	0.30	0.30	0.68	1.10	0.27	-0.52
Net Debt / EBITDA Ratio	0.57	0.57	1.12	1.48	0.61	-3.45
Net Debt / FCF Ratio	0.96	0.96	2.22	2.97	1.38	-3.89
Asset Turnover	1.07	1.07	1.04	0.98	0.79	0.70
Quick Ratio	1.21	1.21	1.16	1.28	1.38	2.44
Current Ratio	1.32	1.32	1.25	1.34	1.44	2.52
Return on Equity (ROE)	31.01%	31.01%	42.88%	31.45%	18.13%	10.34%
Return on Assets (ROA)	12.08%	12.08%	10.25%	9.19%	7.46%	4.45%
Return on Invested Capital (ROIC)	24.00%	24.98%	25.21%	22.93%	24.84%	17.35%
Return on Capital Employed (ROCE)	25.60%	25.60%	22.00%	19.80%	18.80%	9.00%
Earnings Yield	2.02%	1.93%	3.27%	-	-	-
FCF Yield	2.51%	2.39%	2.88%	-	-	-
Dividend Yield	0.78%	0.67%	1.04%	-	-	-
Payout Ratio	33.97%	32.00%	30.68%	30.77%	-	-
Buyback Yield / Dilution	-1.00%	-1.00%	-0.50%	-	-443.28%	-
Total Shareholder Return	-0.22%	-0.32%	0.55%	-	-443.28%	-

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