UL Solutions Inc. (ULS)
NYSE: ULS · Real-Time Price · USD
77.69
-0.65 (-0.83%)
Aug 5, 2026, 12:10 PM EDT - Market open
UL Solutions Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Revenue Revenue Growth | 3,146 | 3,053 | 2,870 | 2,678 | 2,520 | 2,517 |
Revenue Growth | 6.61% | 6.38% | 7.17% | 6.27% | 0.12% | 9.39% |
Gross Profit Gross Profit Growth | 1,584 | 1,510 | 1,392 | 1,284 | 1,207 | 1,179 |
Operating Income Operating Income Growth | 562 | 522 | 462 | 368 | 412 | 287 |
Net Income Net Income Growth | 505 | 325 | 326 | 260 | 293 | 224 |
Earnings Per Share EPS Growth | 2.47 | 1.60 | 1.62 | 1.30 | 1.47 | 6.08 |
EPS Growth | 52.47% | -1.23% | 24.62% | -11.56% | -75.82% | -100.00% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Certification Testing Certification Testing Growth | 895 | 851 | 784 | 718 | 657 | 678 |
Ongoing Certification Services Ongoing Certification Services Growth | 1,046 | 1,006 | 953 | 874 | 828 | 829 |
Non-Certification Testing and Other Services Non-Certification Testing and Other Services Growth | 924 | 911 | 860 | 812 | 769 | 765 |
Software Software Growth | 281 | 285 | 273 | 274 | 266 | 245 |
Revenue (Total) Revenue (Total) Growth | 3,146 | 3,053 | 2,870 | 2,678 | 2,520 | 2,517 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Cash & Investments Cash & Investments Growth | 434 | 295 | 298 | 315 | 373 | 1,375 |
Total Debt Total Debt Growth | 476 | 683 | 935 | 1,063 | 660 | 154 |
Net Cash (Debt) Net Cash Growth | -42 | -388 | -637 | -748 | -287 | 1,221 |
Net Cash Growth | - | - | - | - | - | 50.19% |
Net Cash Per Share Net Cash Per Share Growth | -0.21 | -1.91 | -3.17 | -3.74 | -1.44 | 33.17 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Operating Cash Flow Operating Cash Flow Growth | 678 | 600 | 524 | 467 | 372 | 421 |
Capital Expenditures CapEx Growth | -242 | -197 | -237 | -215 | -164 | -107 |
Free Cash Flow Free Cash Flow Growth | 436 | 403 | 287 | 252 | 208 | 314 |
Free Cash Flow Growth | 19.78% | 40.42% | 13.89% | 21.15% | -33.76% | -35.52% |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 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 |
Gross Margin | 50.35% | 49.46% | 48.50% | 47.95% | 47.90% | 46.84% |
Operating Margin | 17.86% | 17.10% | 16.10% | 13.74% | 16.35% | 11.40% |
Pretax Margin | 22.82% | 15.39% | 14.46% | 12.92% | 15.20% | 10.89% |
Profit Margin | 16.78% | 11.30% | 12.02% | 10.31% | 12.26% | 9.46% |
FCF Margin | 13.86% | 13.20% | 10.00% | 9.41% | 8.25% | 12.48% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | Aug '26 Aug 5, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 |
Dividend Per Share Dividend Per Share Growth | 0.580 | 0.520 | 0.500 | 0.400 |
Dividend Per Share Growth | 7.84% | 4.00% | 25.00% | - |
Dividend Yield | 0.75% | 0.66% | 1.00% | - |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Aug '26 Aug 5, 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 |
PE Ratio | 31.19 | 49.29 | 30.79 | - | - | - |
Forward PE | 31.91 | 39.27 | 29.82 | - | - | - |
P/FCF Ratio | 36.38 | 39.34 | 34.79 | - | - | - |
PS Ratio | 5.04 | 5.19 | 3.48 | - | - | - |