S&P 500 7,419.02 â–ŧ 92.33 (-1.23%) DOW 51,473.85 â–ŧ 525.82 (-1.01%) NASDAQ 26,019.46 â–ŧ 356.89 (-1.35%) US Markets Closed â€ĸ 08:11 PM ET

ULS

UL Solutions Inc.

Price Chart
Latest Quote

$94.11

-1.22 (-1.28%)
Current Price
Previous Close $95.33
Open $94.57
Day High $96.95
Day Low $94.12
Volume 648,290
Fetched: 2026-06-18T00:11:26
Stock Information
Shares Outstanding 77.81M
Total Debt $539.00M
Cash Equivalents $258.00M
Revenue $3.11B
Net Income $350.00M
Sector Industrials
Industry Specialty Business Services
Market Cap $18.97B
P/E Ratio 54.72
EPS (TTM) $1.72
Exchange NYQ
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📊 Comprehensive Analysis
Company Data
Enterprise Value$19.51B
Sales$3.11B
Income$350.00M
Book/sh$6.56
Cash/sh$3.32
Employees15K
Financial Ratios
Quick Ratio1.09
Current Ratio1.17
Debt/Eq40.34
EPS Growth TTM37.30%
Returns & Margins
ROA12.49%
ROE31.98%
Gross Margin49.94%
Operating Margin18.07%
Profit Margin11.27%
Ownership
Insider Ownership1.27%
Institutional Ownership114.69%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E36.49
PEG2.17
P/S6.11
P/B14.35
Analyst Data
Recommendationbuy
Target Price$108.95
Technical Indicators
SMA20$98.66
SMA50$95.25
SMA200$82.05
RSI32.17
ATR2.7736
Shares Float76.79M
Short Float4.09%
Short Ratio3.88
Volatility0.62
Rel Volume0.90
Performance History
Week-3.36%
Month-4.81%
Quarter+9.04%
6 Months+21.93%
YTD+16.69%
Year+32.47%
10 Years+174.46%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-06-17 $94.11 648,290
2026-06-16 $95.33 1,142,000
2026-06-15 $96.99 1,300,300
2026-06-12 $96.93 579,100
2026-06-11 $98.41 523,200
2026-06-10 $97.38 666,900
2026-06-09 $98.57 668,400
2026-06-08 $97.02 820,300
2026-06-05 $96.81 463,900
2026-06-04 $99.20 551,400
2026-06-03 $98.03 772,000
2026-06-02 $97.77 921,700
2026-06-01 $99.94 553,200
2026-05-29 $99.50 722,100
2026-05-28 $99.43 582,700
2026-05-27 $100.45 847,600
2026-05-26 $100.68 783,400
2026-05-22 $102.70 603,700
2026-05-21 $102.19 646,100
2026-05-20 $101.83 586,100
2026-05-19 $99.84 781,000
2026-05-18 $98.87 635,500
About UL Solutions Inc.

UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification services and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building and asset owners, end users, and regulators. The Consumer segment offers safety certification testing, ongoing certification, global market access, testing for connectivity, performance and quality, and critical systems advisory and training services, as well as product market acceptance and risk mitigation services for customers in the consumer products end markets comprising consumer electronics, medical devices, information technologies, appliances, HVAC, lighting, and retail, as well as consumer applications, such as new mobility, smart products, and 5G. The Software and Advisory segment provide software and technical advisory services that enable customers to manage regulatory requirements, deliver supply chain transparency, and operationalize sustainability. It offers ULTRUS, a software that helps customers meet regulatory, supply chain, and sustainability challenges. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in December 2021. The company was founded in 1894 and is headquartered in Northbrook, Illinois. UL Solutions Inc. operates as a subsidiary of ULSE Inc.

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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $1,543,000,000 $1,478,000,000 $1,394,000,000 $1,313,000,000
Cost Of Revenue $1,543,000,000 $1,478,000,000 $1,394,000,000 $1,313,000,000
Total Revenue $3,053,000,000 $2,870,000,000 $2,678,000,000 $2,520,000,000
Operating Revenue $3,053,000,000 $2,870,000,000 $2,678,000,000 $2,520,000,000
Expenses
Interest Expense $41,000,000 $55,000,000 $35,000,000 $17,000,000
Total Expenses $2,496,000,000 $2,409,000,000 $2,269,000,000 $2,108,000,000
Other Income Expense $-50,000,000 $5,000,000 $-40,000,000 $-13,000,000
Other Non Operating Income Expenses $-5,000,000 $-9,000,000 $-6,000,000 $-24,000,000
Net Non Operating Interest Income Expense $-37,000,000 $-51,000,000 $-23,000,000 $-16,000,000
Interest Expense Non Operating $41,000,000 $55,000,000 $35,000,000 $17,000,000
Operating Expense $953,000,000 $931,000,000 $875,000,000 $795,000,000
Selling And Marketing Expense - - $875,000,000 $795,000,000
General And Administrative Expense - - $8,000,000 $13,000,000
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $325,000,000 $326,000,000 $260,000,000 $293,000,000
Net Interest Income $-37,000,000 $-51,000,000 $-23,000,000 $-16,000,000
Interest Income $4,000,000 $4,000,000 $12,000,000 $1,000,000
Normalized Income $358,030,000 $314,366,000 $287,132,000 $284,123,000
Net Income From Continuing And Discontinued Operation $325,000,000 $326,000,000 $260,000,000 $293,000,000
Total Operating Income As Reported $522,000,000 $462,000,000 $368,000,000 $412,000,000
Net Income Common Stockholders $325,000,000 $326,000,000 $260,000,000 $293,000,000
Net Income $325,000,000 $326,000,000 $260,000,000 $293,000,000
Net Income Including Noncontrolling Interests $345,000,000 $345,000,000 $276,000,000 $309,000,000
Net Income Continuous Operations $345,000,000 $345,000,000 $276,000,000 $309,000,000
Pretax Income $470,000,000 $415,000,000 $346,000,000 $383,000,000
Special Income Charges $-35,000,000 $25,000,000 $-39,000,000 $0
Interest Income Non Operating $4,000,000 $4,000,000 $12,000,000 $1,000,000
Operating Income $557,000,000 $461,000,000 $409,000,000 $412,000,000
Gross Profit $1,510,000,000 $1,392,000,000 $1,284,000,000 $1,207,000,000
Earnings From Equity Interest - - $1,000,000 $2,000,000
Per Share
Diluted EPS $1.60 $1.62 $1.30 $1.47
Basic EPS $1.62 $1.63 $1.30 $1.47
Other
Tax Effect Of Unusual Items $-11,970,000 $2,366,000 $-6,868,000 $2,123,000
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $744,000,000 $628,000,000 $569,000,000 $524,000,000
Total Unusual Items $-45,000,000 $14,000,000 $-34,000,000 $11,000,000
Total Unusual Items Excluding Goodwill $-45,000,000 $14,000,000 $-34,000,000 $11,000,000
Reconciled Depreciation $188,000,000 $172,000,000 $154,000,000 $135,000,000
EBITDA (Bullshit earnings) $699,000,000 $642,000,000 $535,000,000 $535,000,000
EBIT $511,000,000 $470,000,000 $381,000,000 $400,000,000
Diluted Average Shares $203,000,000 $201,000,000 $200,000,000 $200,000,000
Basic Average Shares $201,000,000 $200,000,000 $200,000,000 $200,000,000
Diluted NI Availto Com Stockholders $325,000,000 $326,000,000 $260,000,000 $293,000,000
Minority Interests $-20,000,000 $-19,000,000 $-16,000,000 $-16,000,000
Tax Provision $125,000,000 $70,000,000 $70,000,000 $74,000,000
Gain On Sale Of Business $0 $24,000,000 $2,000,000 $0
Impairment Of Capital Assets $0 $0 $37,000,000 $0
Restructuring And Mergern Acquisition $35,000,000 $-1,000,000 $4,000,000 -
Gain On Sale Of Security $-10,000,000 $-11,000,000 $5,000,000 $11,000,000
Selling General And Administration $953,000,000 $931,000,000 $875,000,000 $795,000,000
Salaries And Wages - - $8,000,000 $13,000,000
Other Special Charges - - - $18,000,000
Fetched: 2026-06-13
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $453,000,000 $86,000,000 $-180,000,000 $207,000,000
Total Assets $2,921,000,000 $2,800,000,000 $2,736,000,000 $2,720,000,000
Total Non Current Assets $1,921,000,000 $1,879,000,000 $1,783,000,000 $1,722,000,000
Other Non Current Assets $140,000,000 $136,000,000 $133,000,000 $48,000,000
Non Current Deferred Assets $94,000,000 $108,000,000 $110,000,000 $128,000,000
Non Current Deferred Taxes Assets $94,000,000 $108,000,000 $110,000,000 $128,000,000
Goodwill And Other Intangible Assets $809,000,000 $818,000,000 $834,000,000 $847,000,000
Other Intangible Assets $153,000,000 $185,000,000 $211,000,000 $200,000,000
Current Assets $1,000,000,000 $921,000,000 $953,000,000 $998,000,000
Other Current Assets $79,000,000 $61,000,000 $13,000,000 $5,000,000
Receivables $626,000,000 $562,000,000 $590,000,000 $587,000,000
Other Receivables $204,000,000 $182,000,000 $179,000,000 $171,000,000
Accounts Receivable $422,000,000 $380,000,000 $362,000,000 $376,000,000
Allowance For Doubtful Accounts Receivable $-12,000,000 $-9,000,000 $-9,000,000 $-11,000,000
Gross Accounts Receivable $434,000,000 $389,000,000 $371,000,000 $387,000,000
Cash Cash Equivalents And Short Term Investments $295,000,000 $298,000,000 $315,000,000 $373,000,000
Cash And Cash Equivalents $295,000,000 $298,000,000 $315,000,000 $322,000,000
Prepaid Assets - $33,000,000 $35,000,000 $33,000,000
Taxes Receivable - $24,000,000 $49,000,000 $40,000,000
Investmentin Financial Assets - - - -
Debt
Net Debt $196,000,000 $444,000,000 $589,000,000 $177,000,000
Total Debt $683,000,000 $935,000,000 $1,063,000,000 $660,000,000
Long Term Debt And Capital Lease Obligation $640,000,000 $847,000,000 $1,024,000,000 $618,000,000
Long Term Debt $491,000,000 $692,000,000 $904,000,000 $499,000,000
Current Debt And Capital Lease Obligation $43,000,000 $88,000,000 $39,000,000 $42,000,000
Current Debt - $50,000,000 - -
Other Current Borrowings - $50,000,000 - -
Liabilities
Total Liabilities Net Minority Interest $1,627,000,000 $1,869,000,000 $2,058,000,000 $1,643,000,000
Total Non Current Liabilities Net Minority Interest $867,000,000 $1,129,000,000 $1,349,000,000 $949,000,000
Other Non Current Liabilities $93,000,000 $86,000,000 $93,000,000 $85,000,000
Current Liabilities $760,000,000 $740,000,000 $709,000,000 $694,000,000
Other Current Liabilities $79,000,000 $54,000,000 $58,000,000 $46,000,000
Current Deferred Liabilities $173,000,000 $162,000,000 $162,000,000 $142,000,000
Payables And Accrued Expenses $183,000,000 $182,000,000 $169,000,000 $153,000,000
Payables $183,000,000 $182,000,000 $169,000,000 $153,000,000
Accounts Payable $183,000,000 $182,000,000 $169,000,000 $153,000,000
Non Current Deferred Liabilities - - - -
Non Current Deferred Taxes Liabilities - - - -
Total Tax Payable - - - -
Income Tax Payable - - - -
Equity
Common Stock Equity $1,262,000,000 $904,000,000 $654,000,000 $1,054,000,000
Total Equity Gross Minority Interest $1,294,000,000 $931,000,000 $678,000,000 $1,077,000,000
Stockholders Equity $1,262,000,000 $904,000,000 $654,000,000 $1,054,000,000
Gains Losses Not Affecting Retained Earnings $-95,000,000 $-167,000,000 $-146,000,000 $-166,000,000
Other Equity Adjustments $-95,000,000 $-167,000,000 $-146,000,000 $-166,000,000
Retained Earnings $470,000,000 $250,000,000 $24,000,000 $211,000,000
Long Term Equity Investment - - $64,000,000 $62,000,000
Other
Ordinary Shares Number $201,025,964 $200,174,493 $200,000,000 $200,000,000
Share Issued $201,025,964 $200,174,493 $200,000,000 $200,000,000
Tangible Book Value $453,000,000 $86,000,000 $-180,000,000 $207,000,000
Invested Capital $1,753,000,000 $1,646,000,000 $1,558,000,000 $1,553,000,000
Working Capital $240,000,000 $181,000,000 $244,000,000 $304,000,000
Capital Lease Obligations $192,000,000 $193,000,000 $159,000,000 $161,000,000
Total Capitalization $1,753,000,000 $1,596,000,000 $1,558,000,000 $1,553,000,000
Minority Interest $32,000,000 $27,000,000 $24,000,000 $23,000,000
Additional Paid In Capital $887,000,000 $821,000,000 $776,000,000 $1,009,000,000
Capital Stock $0 $0 $0 $0
Common Stock $0 $0 $0 $0
Employee Benefits $134,000,000 $196,000,000 $232,000,000 $246,000,000
Non Current Pension And Other Postretirement Benefit Plans $134,000,000 $196,000,000 $232,000,000 $246,000,000
Long Term Capital Lease Obligation $149,000,000 $155,000,000 $120,000,000 $119,000,000
Current Deferred Revenue $173,000,000 $162,000,000 $162,000,000 $142,000,000
Current Capital Lease Obligation $43,000,000 $38,000,000 $39,000,000 $42,000,000
Pensionand Other Post Retirement Benefit Plans Current $282,000,000 $254,000,000 $281,000,000 $311,000,000
Goodwill $656,000,000 $633,000,000 $623,000,000 $647,000,000
Net PPE $878,000,000 $817,000,000 $706,000,000 $637,000,000
Accumulated Depreciation $-879,000,000 $-772,000,000 $-737,000,000 $-732,000,000
Gross PPE $1,757,000,000 $1,589,000,000 $1,443,000,000 $1,369,000,000
Leases $212,000,000 $182,000,000 $172,000,000 $141,000,000
Other Properties $179,000,000 $186,000,000 $151,000,000 $156,000,000
Machinery Furniture Equipment $821,000,000 $729,000,000 $714,000,000 $687,000,000
Buildings And Improvements $503,000,000 $451,000,000 $364,000,000 $347,000,000
Land And Improvements $42,000,000 $41,000,000 $42,000,000 $38,000,000
Properties $0 $0 $0 $0
Investments And Advances - - $64,000,000 $62,000,000
Other Short Term Investments - - $0 $51,000,000
Current Accrued Expenses - - - -
Dueto Related Parties Current - - - -
Available For Sale Securities - - - -
Fetched: 2026-06-13
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $403,000,000 $287,000,000 $252,000,000 $208,000,000
Operating Activities
Operating Cash Flow $600,000,000 $524,000,000 $467,000,000 $372,000,000
Cash Flow From Continuing Operating Activities $600,000,000 $524,000,000 $467,000,000 $372,000,000
Operating Gains Losses $10,000,000 $-13,000,000 $2,000,000 $18,000,000
Investing Activities
Capital Expenditure $-197,000,000 $-237,000,000 $-215,000,000 $-164,000,000
Investing Cash Flow $-204,000,000 $-234,000,000 $-175,000,000 $-238,000,000
Cash Flow From Continuing Investing Activities $-204,000,000 $-234,000,000 $-175,000,000 $-238,000,000
Net Other Investing Changes $1,000,000 - $5,000,000 $-1,000,000
Capital Expenditure Reported $-197,000,000 $-237,000,000 $-215,000,000 $-164,000,000
Financing Activities
Financing Cash Flow $-396,000,000 $-284,000,000 $-294,000,000 $-1,116,000,000
Cash Flow From Continuing Financing Activities $-396,000,000 $-284,000,000 $-294,000,000 $-1,116,000,000
Net Other Financing Charges $-39,000,000 $-19,000,000 $-24,000,000 $-16,000,000
Cash Dividends Paid $-104,000,000 $-100,000,000 $-680,000,000 $-1,600,000,000
Common Stock Dividend Paid $-104,000,000 $-100,000,000 $-680,000,000 $-1,600,000,000
Dividend Received Cfo - - - $2,000,000
Other
Repayment Of Debt $-1,045,000,000 $-346,000,000 $-30,000,000 $-200,000,000
Issuance Of Debt $792,000,000 $181,000,000 $440,000,000 $700,000,000
Interest Paid Supplemental Data $40,000,000 $57,000,000 $32,000,000 $17,000,000
Income Tax Paid Supplemental Data $92,000,000 $66,000,000 $57,000,000 $68,000,000
End Cash Position $295,000,000 $298,000,000 $315,000,000 $322,000,000
Beginning Cash Position $298,000,000 $315,000,000 $322,000,000 $1,328,000,000
Effect Of Exchange Rate Changes $-3,000,000 $-23,000,000 $-5,000,000 $-24,000,000
Net Issuance Payments Of Debt $-253,000,000 $-165,000,000 $410,000,000 $500,000,000
Net Long Term Debt Issuance $-253,000,000 $-165,000,000 $410,000,000 $500,000,000
Long Term Debt Payments $-1,045,000,000 $-346,000,000 $-30,000,000 $-200,000,000
Long Term Debt Issuance $792,000,000 $181,000,000 $440,000,000 $700,000,000
Net Investment Purchase And Sale $-7,000,000 $0 $49,000,000 $-7,000,000
Sale Of Investment $51,000,000 $0 $144,000,000 $155,000,000
Purchase Of Investment $-58,000,000 $0 $-95,000,000 $-162,000,000
Net Business Purchase And Sale $-1,000,000 $3,000,000 $-14,000,000 $-66,000,000
Sale Of Business $0 $29,000,000 $4,000,000 $0
Purchase Of Business $-1,000,000 $-26,000,000 $-18,000,000 $-66,000,000
Change In Working Capital $-11,000,000 $-17,000,000 $-18,000,000 $-108,000,000
Change In Other Working Capital $-24,000,000 $-9,000,000 $36,000,000 $22,000,000
Change In Payables And Accrued Expense $67,000,000 $20,000,000 $-27,000,000 $-103,000,000
Change In Accrued Expense $80,000,000 $7,000,000 $-28,000,000 $-85,000,000
Change In Payable $-13,000,000 $13,000,000 $1,000,000 $-18,000,000
Change In Account Payable $-13,000,000 $13,000,000 $1,000,000 $-18,000,000
Change In Receivables $-54,000,000 $-28,000,000 $-27,000,000 $-27,000,000
Changes In Account Receivables $-32,000,000 $-31,000,000 $6,000,000 $-15,000,000
Other Non Cash Items $8,000,000 $11,000,000 $1,000,000 $8,000,000
Stock Based Compensation $47,000,000 $23,000,000 $0 $0
Provisionand Write Offof Assets $11,000,000 $9,000,000 $4,000,000 $6,000,000
Asset Impairment Charge $0 $0 $37,000,000 $0
Deferred Tax $2,000,000 $-6,000,000 $11,000,000 $10,000,000
Deferred Income Tax $2,000,000 $-6,000,000 $11,000,000 $10,000,000
Depreciation Amortization Depletion $188,000,000 $172,000,000 $154,000,000 $135,000,000
Depreciation And Amortization $188,000,000 $172,000,000 $154,000,000 $135,000,000
Net Foreign Currency Exchange Gain Loss $10,000,000 $11,000,000 $4,000,000 $18,000,000
Gain Loss On Sale Of Business $0 $-24,000,000 $-2,000,000 $0
Net Income From Continuing Operations $345,000,000 $345,000,000 $276,000,000 $309,000,000
Changes In Cash - $6,000,000 $-2,000,000 $-982,000,000
Pension And Employee Benefit Expense - $0 $0 $18,000,000
Gain Loss On Investment Securities - $6,000,000 $-6,000,000 $-18,000,000
Earnings Losses From Equity Investments - - - $-2,000,000
Fetched: 2026-06-13