UL Solutions Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 6, 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 Cap	16,298	15,853	9,985	-	-	-
Market Cap Growth	50.75%	58.77%	-	-	-	-
Enterprise Value	16,686	16,230	10,561	0	0	0
Last Close Price	81.07	78.86	49.88	-	-	-
PE Ratio	50.67	49.29	30.79	-	-	-
Forward PE	37.00	39.27	29.82	-	-	-
PEG Ratio	3.02	3.13	2.98	-	-	-
PS Ratio	5.34	5.19	3.48	-	-	-
PB Ratio	12.91	12.56	11.05	-	-	-
P/TBV Ratio	13.04	12.69	11.09	-	-	-
P/FCF Ratio	40.44	39.34	34.79	-	-	-
P/OCF Ratio	27.16	26.42	19.05	-	-	-
EV/Sales Ratio	5.47	5.32	3.68	-	-	-
EV/EBITDA Ratio	24.68	22.86	16.66	-	-	-
EV/EBIT Ratio	30.17	31.09	22.86	-	-	-
EV/FCF Ratio	41.41	40.27	36.80	-	-	-
Debt / Equity Ratio	0.49	0.49	0.91	1.51	0.57	0.05
Debt / EBITDA Ratio	0.96	0.96	1.48	2.04	1.21	0.36
Debt / FCF Ratio	1.70	1.70	3.26	4.22	3.17	0.49
Net Debt / Equity Ratio	0.31	0.31	0.71	1.14	0.27	-0.53
Net Debt / EBITDA Ratio	0.55	0.55	1.00	1.43	0.53	-2.85
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	1.21	1.33	2.44
Current Ratio	1.32	1.32	1.24	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)	13.40%	13.40%	13.88%	10.76%	10.42%	6.91%
Return on Invested Capital (ROIC)	18.13%	18.13%	19.03%	15.23%	18.43%	13.09%
Return on Capital Employed (ROCE)	24.73%	24.73%	22.61%	18.16%	16.83%	9.98%
Earnings Yield	1.99%	2.03%	3.25%	-	-	-
FCF Yield	2.47%	2.54%	2.87%	-	-	-
Dividend Yield	0.72%	0.66%	1.00%	-	-	-
Payout Ratio	33.44%	32.00%	30.67%	261.54%	546.08%	89.29%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q