UL Solutions Inc.

UL Solutions Inc.

ULS
UL Solutions Inc.US flagNew York Stock Exchange
97.77
USD
-2.17
- -
19.68BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11.58
11.5
12.58
12.6
13.39
14.35
15.19
15.45
Basic EPS, GAAP
1.23
1.16
1.12
1.46
1.3
1.63
1.62
1.74
Free Cash Flow per Basic Share
1.93
2.44
2.1
1.86
2.34
2.62
2.99
3.31
Dividend per Share
0.04
0.04
1
8
3.4
0.5
0.52
0.53
Book Value per Share
6.37
7.47
7.59
1.06
0.12
1.25
2.34
2.65
Tangible Book Value per Share
6
7.35
7.58
1.15
-0.78
0.56
2.41
2.77
Basic Weighted Avg Shares
200
200
200
200
200
200
201
201
Sales/Revenue/Turnover
2,315
2,301
2,517
2,520
2,678
2,870
3,053
3,106
Operating Margin (%)
14.13
15.78
11.4
16.35
15.27
16.06
18.24
18.87
Depreciation Expense
148
147
142
135
154
172
188
190
Net Income, GAAP
246
231
224
293
260
326
325
350
Effective Tax Rate (%)
19.44
27.03
13.14
19.32
20.23
16.87
26.6
26.53
Profit Margin (%)
10.63
10.04
8.9
11.63
9.71
11.36
10.65
11.27
Working Capital
896
924
1,207
304
244
181
240
148
LT Debt
116
116
118
618
1,024
847
640
498
Total Equity
2,023
2,272
2,332
1,077
678
931
1,294
1,336
Return on Invested Capital (%)
- -
11.38
10.03
15.72
18.87
21.36
21.4
23.41
Return on Capital (%)
- -
14.09
12.53
22.48
27.12
30.37
27.96
31.84
Return on Common Equity (%)
- -
16.69
14.87
33.89
221.28
237.96
90.28
84.95

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
42
43
41
LT Borrowings
544
491
357
LT Finance Leases
150
149
141
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
201
201
201
Market Capitalization
14,207
15,825
17,228

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
995
1,000
1,047
Cash, Cash Equivalents & STI
255
295
258
Accounts Receivable, Net
386
422
497
Inventories
- -
- -
- -
Total Current Liabilities
749
760
899
Payables & Accruals
151
183
168
ST Debt
42
43
41
Deferred Revenue
255
173
410

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-2.38%
38.99%
Free Cash Flow
- -
5.41%
14.5%
Net Income, GAAP
- -
8.32%
-0.31%
Sales/Revenue/Turnover
- -
5.87%
6.38%
Total Cash Common Dividend
- -
536.69%
4%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
670
730
731
739
2,870
2025
705
776
783
789
3,053
2026
758
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
0.5
0.44
0.4
1.63
2025
0.34
0.45
0.5
- -
1.62
2026
0.46
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.12
0.12
0.12
0.12
0.5
2025
0.13
0.13
0.13
- -
0.52
2026
0.14
- -
- -
- -
- -

Company Description

APIChat
CEO
Jennifer F. Scanlon
Full Time Employees
14,813
Sector
Industrials
Industry
Specialty Business Services
Address
333 Pfingsten Road Northbrook IL United States of America 60062-2096
IPO Date
Jul 15, 2014
Website
ul.com
Business
UL Solutions Inc. operates as a global independent safety science company primarily engaged in testing, inspection, certification, auditing, validation, and advisory services. Its core products and services span a wide range of industries and include safety and performance testing for components and consumer products; certification services such as product safety and eco-labels including the ECOLOGO® certification; supply chain quality assurance; software products and advisory solutions aimed at regulatory compliance, environmental claims verification, and risk mitigation; and specialized services for sectors including banking, energy, medical, transportation, beauty and personal care, furniture, HVACR, lighting, wire and cable, and general merchandise. The company supports customers in demonstrating product safety, quality, durability, and sustainability, with operations in more than 110 countries. Founded in 1894 and headquartered in Northbrook, Illinois, UL Solutions recently underwent a strategic name change from UL Inc. to UL Solutions Inc. in June 2022 to better reflect its expanded offerings beyond traditional certification services. In the last 1-2 years, the company has made strategic acquisitions such as Method Park, kVA, and Kugler Maag Cie to enhance expertise in safety-critical systems, functional safety, and cybersecurity. It also completed the sale of its payments testing business in 2024 to focus on core safety science operations. Recent partnerships include a collaboration with Evnia to help companies manage Extended Producer Responsibility (EPR) and environmental compliance, and a deepened partnership with GCC Labs to advance fire safety testing in the Middle East. UL Solutions is also expanding its electromagnetic and wireless testing capabilities in Europe through a new laboratory. UL Solutions continues to innovate by integrating advanced software and advisory services focused on regulatory compliance, accelerating industrial metaverse adoption, and expanding its verification services into industrial manufacturing software and processes. It remains a leader in safety science with a strong emphasis on transforming safety, security, and sustainability challenges into business opportunities for its global client base, which ranges from manufacturers and original equipment manufacturers to regulatory bodies and end-market consumers. The company reported strong financial performance in recent periods with growth across its industrial, consumer, and software segments. UL Solutions is publicly traded on the New York Stock Exchange under the ticker ULS.

Company News

APIChat
  • RTO vs. ULS: Which Stock Should Value Investors Buy Now?

  • Are You Looking for a Top Momentum Pick? Why UL Solutions Inc. (ULS) is a Great Choice

  • UL Solutions Announces Quarterly Dividend

  • Jefferies updates its list of highest-conviction Buy-rated stocks

  • UL Solutions Warns of Unauthorized UL Marks on Electric Scooters

  • BWMN or ULS: Which Is the Better Value Stock Right Now?

  • UL Solutions Launches AI Software to Help Companies Calculate Product Carbon Footprints from Supplier Data

  • UL Solutions Launches AI Software to Help Companies Calculate Product Carbon Footprints from Supplier Data

  • UL Solutions Launches Certification Services for Hydrogen Fueling Components, Helping to Build Safety into the Adoption of Hydrogen Power

  • UL Solutions Inc. (ULS) Q1 2026 Earnings Call Transcript

  • UL Solutions Inc. (ULS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • UL Solutions Inc. (ULS) Q1 Earnings and Revenues Surpass Estimates

  • UL Solutions Inc. Reports Strong First Quarter 2026 Results

  • UL Solutions Begins Construction of New Electromagnetic and Wireless Testing Laboratory in Germany

  • Conestoga Capital SMid Cap Composite Q1 2026 Portfolio Holdings

  • AEGON ASSET MANAGEMENT UK Plc Sells 273,414 Shares of UL Solutions Inc. $ULS

  • UL Solutions Inc. (ULS) is a Great Momentum Stock: Should You Buy?

  • UL Solutions Inc. (ULS) Hits Fresh High: Is There Still Room to Run?

  • UL Solutions Inc. Broadens Portfolio with Agreement to Acquire Eurofins Scientific's Electrical & Electronics Business

  • UL Solutions Inc. Broadens Portfolio with Agreement to Acquire Eurofins Scientific's Electrical & Electronics Business1