UL Solutions Inc. (ULS)

UL Solutions Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	434	295	298	315	322	1,328
Short-Term Investments	-	-	-	-	51	47
Cash & Short-Term Investments	434	295	298	315	373	1,375
Cash Growth	59.56%	-1.01%	-5.40%	-15.55%	-72.87%	41.61%
Accounts Receivable	710	626	562	541	547	557
Other Receivables	-	-	-	49	40	-
Receivables	710	626	562	590	587	557
Prepaid Expenses	-	-	-	35	33	61
Other Current Assets	90	79	61	13	5	6
Total Current Assets	1,234	1,000	921	953	998	1,999
Property, Plant & Equipment	932	878	817	706	637	602
Long-Term Investments	55	33	36	42	62	44
Goodwill	642	656	633	623	647	621
Other Intangible Assets	131	153	185	211	200	196
Long-Term Deferred Tax Assets	46	94	108	110	128	166
Other Long-Term Assets	79	107	100	91	48	34
Total Assets	3,119	2,921	2,800	2,736	2,720	3,662

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	179	183	182	169	153	179
Accrued Expenses	196	282	254	281	311	383
Current Portion of Long-Term Debt	-	-	50	-	-	-
Current Portion of Leases	39	43	38	39	42	36
Current Income Taxes Payable	75	-	-	-	-	-
Current Unearned Revenue	347	173	162	162	142	135
Other Current Liabilities	30	79	54	58	46	59
Total Current Liabilities	866	760	740	709	694	792
Long-Term Debt	301	491	692	904	499	-
Long-Term Leases	136	149	155	120	119	118
Pension & Post-Retirement Benefits	103	134	196	232	246	336
Long-Term Deferred Tax Liabilities	-	19	23	-	-	-
Other Long-Term Liabilities	93	74	63	93	85	84
Total Liabilities	1,499	1,627	1,869	2,058	1,643	1,330

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Additional Paid-In Capital	934	887	821	776	1,009	1,009
Retained Earnings	750	470	250	24	211	1,518
Comprehensive Income & Other	-89	-95	-167	-146	-166	-216
Total Common Equity	1,595	1,262	904	654	1,054	2,311
Minority Interest	25	32	27	24	23	21
Shareholders' Equity	1,620	1,294	931	678	1,077	2,332
Total Liabilities & Equity	3,119	2,921	2,800	2,736	2,720	3,662

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	476	683	935	1,063	660	154
Net Cash (Debt)	-42	-388	-637	-748	-287	1,221
Net Cash Growth	-	-	-	-	-	50.74%
Net Cash Per Share	-0.21	-1.91	-3.17	-3.74	-1.44	33.17
Filing Date Shares Outstanding	201.9	201.04	200.17	200	200	200
Total Common Shares Outstanding	201.89	201.03	200.17	200	200	200
Working Capital	368	240	181	244	304	1,207
Book Value Per Share	7.90	6.28	4.52	3.27	5.27	11.55
Tangible Book Value	822	453	86	-180	207	1,494
Tangible Book Value Per Share	4.07	2.25	0.43	-0.90	1.03	7.47
Land	-	42	41	42	38	31
Buildings	-	503	451	364	347	350
Machinery	-	821	729	714	687	663
Leasehold Improvements	-	212	182	172	141	129

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

Data Sources Report a data error