UL Solutions Inc. (ULS)
NYSE: ULS · Real-Time Price · USD
78.65
+2.50 (3.28%)
Nov 6, 2026, 4:00 PM EST - Market closed
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 | Sep '26 Sep 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 | 3,186 | 3,053 | 2,870 | 2,678 | 2,520 | 2,517 |
Revenue Growth | 6.09% | 6.38% | 7.17% | 6.27% | 0.12% | 9.39% |
Gross Profit Gross Profit Growth | 1,615 | 1,510 | 1,392 | 1,284 | 1,207 | 1,179 |
Operating Income Operating Income Growth | 604 | 553 | 454 | 401 | 381 | 257 |
Net Income Net Income Growth | 514 | 325 | 326 | 260 | 293 | 224 |
Earnings Per Share EPS Growth | 2.52 | 1.60 | 1.62 | 1.30 | 1.47 | 6.08 |
EPS Growth | 50.97% | -1.23% | 24.62% | -11.26% | -75.91% | - |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 | 919 | 851 | 784 | 718 | 657 | 678 |
Ongoing Certification Services Ongoing Certification Services Growth | 1,064 | 1,006 | 953 | 874 | 828 | 829 |
Non-Certification Testing and Other Services Non-Certification Testing and Other Services Growth | 933 | 911 | 860 | 812 | 769 | 765 |
Software Software Growth | 270 | 285 | 273 | 274 | 266 | 245 |
Revenue (Total) Revenue (Total) Growth | 3,186 | 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 | Sep '26 Sep 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 | 1,016 | 295 | 298 | 315 | 373 | 1,375 |
Total Debt Total Debt Growth | 934 | 683 | 935 | 1,063 | 660 | 154 |
Net Cash (Debt) Net Cash Growth | 82 | -388 | -637 | -748 | -287 | 1,221 |
Net Cash Growth | - | - | - | - | - | 50.74% |
Net Cash Per Share Net Cash Per Share Growth | 0.40 | -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 | Sep '26 Sep 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 | 738 | 600 | 524 | 467 | 372 | 421 |
Capital Expenditures CapEx Growth | -257 | -197 | -237 | -215 | -164 | -107 |
Free Cash Flow Free Cash Flow Growth | 481 | 403 | 287 | 252 | 208 | 314 |
Free Cash Flow Growth | 23.65% | 40.42% | 13.89% | 21.15% | -33.76% | -14.67% |
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 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 | 50.69% | 49.46% | 48.50% | 47.95% | 47.90% | 46.84% |
Operating Margin | 18.96% | 18.11% | 15.82% | 14.97% | 15.12% | 10.21% |
Pretax Margin | 23.01% | 15.39% | 14.46% | 12.92% | 15.20% | 10.89% |
Profit Margin | 16.13% | 10.64% | 11.36% | 9.71% | 11.63% | 8.90% |
FCF Margin | 15.10% | 13.20% | 10.00% | 9.41% | 8.25% | 12.47% |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | Nov '26 Nov 8, 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 | 9.71% | 4.00% | 25.00% | - |
Dividend Yield | 0.74% | 0.62% | 1.00% | - |
Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Nov '26 Nov 8, 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 | 51.81 | 30.62 | - | - | - |
Forward PE | 31.01 | 39.27 | 29.82 | - | - | - |
P/FCF Ratio | 33.01 | 41.78 | 34.78 | - | - | - |
PS Ratio | 4.98 | 5.52 | 3.48 | - | - | - |