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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 13, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	14,950	9,982	-	-	-	-
Enterprise Value	15,431	10,666	-	-	-	-
Last Close Price	70.02	49.49	-	-	-	-
PE Ratio	41.92	30.62	-	-	-	-
Forward PE	34.80	29.82	-	-	-	-
PS Ratio	4.68	3.48	-	-	-	-
PB Ratio	11.79	10.72	-	-	-	-
P/TBV Ratio	39.87	116.07	-	-	-	-
P/FCF Ratio	38.43	34.78	-	-	-	-
P/OCF Ratio	25.51	19.05	-	-	-	-
PEG Ratio	-	2.98	-	-	-	-
EV/Sales Ratio	5.14	3.72	-	-	-	-
EV/EBITDA Ratio	24.11	18.78	-	-	-	-
EV/EBIT Ratio	29.96	23.44	-	-	-	-
EV/FCF Ratio	39.67	37.16	-	-	-	-
Debt / Equity Ratio	0.60	1.00	1.57	0.61	0.07	0.07
Debt / EBITDA Ratio	1.03	1.45	1.84	1.20	0.36	0.33
Debt / FCF Ratio	1.89	3.26	4.22	3.17	0.49	0.44
Net Debt / Equity Ratio	0.39	0.68	1.10	0.27	-0.52	-0.36
Net Debt / EBITDA Ratio	0.75	1.12	1.50	0.61	-3.45	-1.90
Net Debt / FCF Ratio	1.24	2.22	2.97	1.38	-3.89	-2.20
Asset Turnover	1.04	1.04	0.98	0.79	0.70	-
Quick Ratio	1.17	1.20	1.28	1.38	2.44	2.29
Current Ratio	1.33	1.25	1.34	1.44	2.52	2.38
Return on Equity (ROE)	33.93%	42.88%	31.45%	18.13%	10.34%	-
Return on Assets (ROA)	11.15%	10.27%	9.10%	7.46%	4.45%	-
Return on Invested Capital (ROIC)	24.18%	25.27%	22.70%	24.84%	17.35%	16.52%
Return on Capital Employed (ROCE)	24.00%	22.10%	19.60%	18.80%	9.00%	11.50%
Earnings Yield	2.27%	3.27%	-	-	-	-
FCF Yield	2.60%	2.88%	-	-	-	-
Dividend Yield	0.74%	1.01%	-	-	-	-
Payout Ratio	31.13%	30.68%	30.77%	-	-	3.90%
Buyback Yield / Dilution	-0.87%	-0.50%	-	-443.28%	-	-
Total Shareholder Return	-0.13%	0.51%	-	-443.28%	-	-

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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