ULSNYSEServices-Testing LaboratoriesFiscal year ends December 31
UL Solutions Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$73.01−0.30 (-0.41%)
Close on Oct 19, 2026
- Market cap
- $14.89B
- P/E (TTM)
- 29.4
- Dividend yield
- 0.71%
UL Solutions statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Services-Testing Laboratories companies for comparison
Valuation
| Measure | UL Solutions | Industry median |
|---|---|---|
| Market Cap | $14.74B | $74.60M |
| Enterprise Value | $14.63B | $56.72M |
| PE Ratio | 29.44 | 25.83 |
| PS Ratio | 4.69 | 3.25 |
| PB Ratio | 9.24 | 3.13 |
| P/TBV Ratio | 16.16 | 8.30 |
| P/FCF Ratio | 33.81 | 20.60 |
| P/OCF Ratio | 21.74 | 15.81 |
Enterprise value
| Measure | UL Solutions | Industry median |
|---|---|---|
| EV / Sales | 4.65 | 2.79 |
| EV / EBITDA | 19.46 | 15.81 |
| EV / EBIT | 26.04 | 22.04 |
| EV / FCF | 33.56 | 21.35 |
Income (trailing twelve months)
| Measure | UL Solutions | Industry median |
|---|---|---|
| Revenue | $3.15B | $24.74M |
| Gross Profit | $1.58B | $19.54M |
| Operating Income | $562.00M | -$55.64K |
| Pretax Income | $718.00M | $45.62K |
| Net Income | $505.00M | -$97.64K |
| EBITDA | $752.00M | -$29.48K |
| EPS (Diluted) | $2.48 | $0.00 |
Margins
| Measure | UL Solutions | Industry median |
|---|---|---|
| Gross Margin | 50.3% | 40.4% |
| Operating Margin | 17.9% | 0.94% |
| Pretax Margin | 22.8% | 2.64% |
| Profit Margin | 16.1% | 0.51% |
| EBITDA Margin | 23.9% | 3.48% |
| FCF Margin | 13.9% | 5.05% |
Returns
| Measure | UL Solutions | Industry median |
|---|---|---|
| Return on Equity (ROE) | 37.6% | 0.45% |
| Return on Assets (ROA) | 16.7% | -3.47% |
| Return on Invested Capital (ROIC) | 28.6% | 2.85% |
| Return on Capital Employed (ROCE) | 24.9% | 2.03% |
Growth
| Measure | UL Solutions | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 6.61% | 4.26% |
| Net Income Growth (YoY) | 54.4% | -0.74% |
| EPS Growth (YoY) | 53.1% | 9.14% |
| FCF Growth (YoY) | 19.8% | -10.5% |
| Revenue Growth (3Y CAGR) | 6.60% | 2.15% |
| EPS Growth (3Y CAGR) | 2.86% | 6.08% |
Balance sheet
| Measure | UL Solutions | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $434.00M | $5.43M |
| Total Debt | $301.00M | $85.44M |
| Net Cash (Debt) | $133.00M | $17.62K |
| Net Cash Per Share | $0.66 | $0.00 |
| Equity (Book Value) | $1.60B | $10.50M |
| Book Value Per Share | $7.90 | $0.60 |
| Tangible Book Value | $912.00M | -$78.36K |
| Working Capital | $368.00M | $2.78M |
Financial position
| Measure | UL Solutions | Industry median |
|---|---|---|
| Current Ratio | 1.42 | 1.26 |
| Quick Ratio | 1.05 | 0.65 |
| Debt / Equity | 0.19 | 0.45 |
| Debt / EBITDA | 0.40 | 2.59 |
| Debt / FCF | 0.69 | 3.29 |
| Net Debt / EBITDA | -0.18 | 1.99 |
| Interest Coverage | 17.56 | -0.23 |
Cash flow (trailing twelve months)
| Measure | UL Solutions | Industry median |
|---|---|---|
| Operating Cash Flow | $678.00M | $8.04K |
| Capital Expenditures | -$242.00M | -$8.33M |
| Free Cash Flow | $436.00M | $11.03M |
| FCF Per Share | $2.16 | $0.76 |
Efficiency
| Measure | UL Solutions | Industry median |
|---|---|---|
| Asset Turnover | 1.04 | 0.83 |
| Revenue Per Employee | $215.67K | $216.23K |
| Profits Per Employee | $34.62K | -$3.19K |
| Employee Count | 14,587 | 123 |
Dividends and yields
| Measure | UL Solutions | Industry median |
|---|---|---|
| Earnings Yield | 3.43% | -0.97% |
| FCF Yield | 2.96% | 3.90% |
| Dividend Yield | 0.71% | 1.80% |
| Shareholder Yield | 0.71% | 1.65% |
| Dividend Per Share | $0.52 | $0.52 |
| Dividend Growth (YoY) | 4.00% | 7.42% |
| Years of Dividend Growth | 1 | 1 |
| Payout Ratio | 21.8% | 43.9% |
| FCF Payout Ratio | 25.2% | 30.1% |
Shares
| Measure | UL Solutions | Industry median |
|---|---|---|
| Shares Outstanding | 201,898,000 | 29,217,800 |
| Shares Change (YoY) | 0.62% | 0.84% |
| Shares Held by Institutions | 43.3% | 83.3% |
Taxes
| Measure | UL Solutions | Industry median |
|---|---|---|
| Income Tax | $190.00M | $1.36M |
| Effective Tax Rate | 26.5% | 23.6% |
Scores
| Measure | UL Solutions | Industry median |
|---|---|---|
| Graham Number | $21.00 | $16.51 |
| Graham Upside | -71.2% | -50.2% |
| Altman Z-Score | 7.98 | 2.66 |
| Piotroski F-Score | 7 | 5 |
| Beneish M-Score | -2.77 | -2.75 |
Calculated by StockData from UL Solutions's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.