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UL Solutions ULS · USD

Industrials · US listing · 🇺🇸 United States

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81.19

+3.23%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$3.05bn

FY2019FY2025

Net income

$325.0m

FY2019FY2025

Free cash flow

$403.0m

FY2019FY2025

Shareholders' equity

$1.26bn

FY2019FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue$3.05bn$2.87bn$2.68bn$2.52bn$2.52bn$2.30bn$2.31bn
Gross profit$1.50bn$1.38bn$1.26bn$1.21bn$1.18bn$1.03bn$1.03bn
Research and development—$59.0m$51.0m$43.0m$45.0m—$52.0m
Operating income$522.4m$462.0m$405.0m$412.0m$287.0m$363.0m$312.0m
Net income$325.0m$326.0m$260.0m$293.0m$224.0m$231.0m$246.0m
Diluted earnings per share1.591.611.301.476.051.161.23

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Total assets$2.92bn$2.80bn$2.74bn$2.72bn$3.66bn$3.55bn—
Cash and short-term investments$295.0m$298.0m$315.0m$373.0m$1.38bn$971.0m—
Total liabilities$1.63bn$1.87bn$2.06bn$1.64bn$1.33bn$1.28bn—
Debt$534.0m$742.0m$904.0m$499.0m—$45.0m—
Shareholders' equity$1.26bn$904.0m$654.0m$1.05bn$2.31bn$2.25bn—
Shares outstanding204m202m200m200m37m200m200m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash from operations$600.0m$524.0m$467.0m$372.0m$421.0m$487.0m$386.0m
Capital spending−$197.0m−$237.0m−$215.0m−$164.0m−$107.0m−$119.0m−$149.0m
Free cash flow$403.0m$287.0m$252.0m$208.0m$314.0m$368.0m$237.0m
Dividends paid−$104.0m−$100.0m−$680.0m−$1.60bn−$200.0m−$9.0m−$7.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$816.0m$758.0m$789.0m$783.0m$776.0m$705.0m$739.0m$731.0m
Gross profit$417.0m$381.0m$385.8m$394.0m$380.0m$338.0m$350.0m$358.0m
Operating income$153.0m$138.0m$105.7m$156.0m$139.0m$106.0m$105.0m$130.0m
Net income$246.0m$92.0m$66.0m$100.0m$91.0m$67.0m$81.0m$88.0m
Diluted earnings per share1.210.450.320.490.450.330.400.44
Cash from operations$160.0m$219.0m$144.0m$155.0m$147.0m$154.0m$130.0m$150.0m
Capital spending−$69.0m−$69.0m−$58.0m−$46.0m−$42.0m−$51.0m−$58.0m−$66.0m
Free cash flow$91.0m$150.0m$86.0m$109.0m$105.0m$103.0m$72.0m$84.0m
Total assets$3.12bn$2.96bn$2.92bn$2.90bn$2.92bn$2.88bn$2.80bn$2.88bn
Cash and short-term investments$434.0m$258.0m$295.0m$255.0m$272.0m$267.0m$298.0m$327.0m
Debt$415.0m$398.0m$534.0m$586.0m$650.0m$693.0m$780.0m$834.0m
Shareholders' equity$1.59bn$1.32bn$1.26bn$1.19bn$1.09bn$970.0m$904.0m$872.0m

Financial ratios

Data as of 1 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin49.1%48.1%47.2%47.9%46.8%44.8%—
Operating margin17.1%16.1%15.1%16.3%11.4%14.5%—
Net margin10.6%11.4%9.7%11.6%8.9%10.0%—
Return on equity25.8%36.1%39.8%27.8%9.7%10.3%—
Return on assets11.1%11.6%9.5%10.8%6.1%6.5%—
Free cash flow yield6.0%5.7%5.2%4.1%21.7%——
Revenue growth6.4%7.2%6.3%0.1%9.4%-0.6%—
Earnings growth-0.3%25.4%-11.3%30.8%-3.0%-6.1%—
Current ratio1.32x1.24x1.34x1.44x2.52x2.38x—
Debt to equity0.42x0.86x1.44x0.51x0.02x0.02x—
Equity ratio43.2%32.3%23.9%38.8%63.1%63.4%—
Interest coverage12.74x8.40x11.57x24.24x287.00x334.00x—
R&D as a share of sales—2.1%1.9%1.7%1.8%—2.2%
Buybacks as a share of market value-1.0%-1.0%0.0%-440.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.6%5.8%—
Operating income8.2%7.6%—
Net income3.5%7.1%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin48.6%48.1%47.4%—
Operating margin16.6%16.2%15.4%—
Net margin11.0%10.8%10.4%—

Valuation history

At each fiscal year end

FY2025FY2024
Price to earnings49.530.9
Price to sales5.33.5

Market value over time

30 Apr 2024 to 30 Sept 2026, in USD

$7.02bn$13.39bn

Share price return

Finished calendar years

20252024
Return58%43%

Dividends and splits

Per share, in the currency the company pays

Paid for 2 years. Last went ex-dividend on 31 Aug 2026.

FY2026FY2025FY2024
Paid in the year0.4350.520.375

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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