UL Solutions Inc. (ULS)
NYSE: ULS · Real-Time Price · USD
52.14
+1.55 (3.06%)
Mar 14, 2025, 3:54 PM EDT - Market open

UL Solutions Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 2019
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019
Revenue
2,8702,6782,5202,5172,301
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Revenue Growth (YoY)
7.17%6.27%0.12%9.39%-0.60%
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Cost of Revenue
1,4771,3981,3131,3381,270
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Gross Profit
1,3931,2801,2071,1791,031
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Selling, General & Admin
938883826922700
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Operating Expenses
938883826922700
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Operating Income
455397381257331
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Interest Expense
-55-35-17-1-1
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Interest & Investment Income
41217-
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Earnings From Equity Investments
---113
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Currency Exchange Gain (Loss)
-11-2-11-2-16
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Other Non Operating Income (Expenses)
-22722
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EBT Excluding Unusual Items
391374361274319
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Impairment of Goodwill
--37---
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Gain (Loss) on Sale of Investments
-722-14
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Gain (Loss) on Sale of Assets
242---
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Pretax Income
415346383274333
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Income Tax Expense
7070743690
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Earnings From Continuing Operations
345276309238243
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Minority Interest in Earnings
-19-16-16-14-12
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Net Income
326260293224231
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Net Income to Common
326260293224231
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Net Income Growth
25.38%-11.26%30.80%-3.03%-6.10%
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Shares Outstanding (Basic)
20020020037-
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Shares Outstanding (Diluted)
20120020037-
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Shares Change (YoY)
0.50%-443.28%--
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EPS (Basic)
1.631.301.476.08-
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EPS (Diluted)
1.621.301.476.08-
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EPS Growth
24.62%-11.26%-75.90%--
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Free Cash Flow
287252208314368
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Free Cash Flow Per Share
1.431.261.048.53-
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Dividend Per Share
0.5000.400---
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Dividend Growth
25.00%----
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Gross Margin
48.54%47.80%47.90%46.84%44.81%
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Operating Margin
15.85%14.82%15.12%10.21%14.39%
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Profit Margin
11.36%9.71%11.63%8.90%10.04%
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Free Cash Flow Margin
10.00%9.41%8.25%12.48%15.99%
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EBITDA
568500473354427
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EBITDA Margin
19.79%18.67%18.77%14.06%18.56%
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D&A For EBITDA
113103929796
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EBIT
455397381257331
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EBIT Margin
15.85%14.82%15.12%10.21%14.38%
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Effective Tax Rate
16.87%20.23%19.32%13.14%27.03%
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Source: S&P Capital IQ. Standard template. Financial Sources.