UL Solutions Inc. (ULS) Financial Statements
Industry: Testing Laboratories (Services)
In fiscal 2025, UL Solutions reported revenue of $3.05B, up 6.4% from $2.87B the year before. Net income was $325.0M (a 10.6% net margin), or $1.60 per diluted share. Gross margin was 49.5% and operating margin was 17.1%. Operating activities generated $600.0M of cash, leaving $403.0M of free cash flow. At fiscal year end, UL Solutions held $2.92B in total assets against $1.63B in total liabilities, including $295.0M of cash and equivalents.
Open the full interactive UL Solutions financials → Quarterly statements, key ratios, valuation history and price charts.
UL Solutions Key Stats
| Share Price | $71.08 |
|---|---|
| Market Cap | $14.50B |
| P/E Ratio | 44.4 |
| Revenue YoY Growth | +6.4% |
| 52-Week Range | $64.03 – $104.53 |
| Shares Outstanding | 202.0 million (basic, 2026 Q2) |
UL Solutions Income Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Revenue | $2.87B | $3.05B |
| Gross Profit | $1.39B | $1.51B |
| Operating Income | $462.0M | $522.0M |
| Pre-Tax Income | $415.0M | $470.0M |
| Income Tax | $70.0M | $125.0M |
| Net Income | $326.0M | $325.0M |
| Diluted EPS | $1.62 | $1.60 |
UL Solutions Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $783.0M | $789.0M | $758.0M | $816.0M |
| Net Income | $100.0M | $67.0M | $92.0M | $246.0M |
| Diluted EPS | $0.49 | $0.33 | $0.45 | $1.21 |
UL Solutions Balance Sheet
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash & Equivalents | $298.0M | $295.0M |
| Current Assets | $921.0M | $1.00B |
| Total Assets | $2.80B | $2.92B |
| Current Liabilities | $740.0M | $760.0M |
| Total Long-Term Debt | $742.0M | $491.0M |
| Total Liabilities | $1.87B | $1.63B |
| Shareholders' Equity | $904.0M | $1.26B |
UL Solutions Cash Flow Statement
| FY 2024 | FY 2025 | |
|---|---|---|
| Cash From Operations | $524.0M | $600.0M |
| Cash From Investing | -$234.0M | -$204.0M |
| Cash From Financing | -$284.0M | -$396.0M |
| Free Cash Flow | $287.0M | $403.0M |
Figures from UL Solutions' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full UL Solutions financials page for every line item.
UL Solutions Company Profile
| Ticker | ULS |
|---|---|
| Exchange | NYSE |
| Industry | Testing Laboratories (Services) |
| Headquarters | Northbrook, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001901440 |
Frequently Asked Questions
What was UL Solutions' revenue in fiscal 2025?
UL Solutions (ULS) reported revenue of $3.05B for fiscal 2025.
What was UL Solutions' net income in fiscal 2025?
UL Solutions reported net income of $325.0M for fiscal 2025.
What was UL Solutions' earnings per share (EPS) in fiscal 2025?
UL Solutions' diluted EPS was $1.60 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did UL Solutions generate in fiscal 2025?
UL Solutions generated $403.0M of free cash flow in fiscal 2025.
What was UL Solutions' revenue last quarter?
In its most recent reported quarter (2026 Q2), UL Solutions reported revenue of $816.0M.
How much debt does UL Solutions have?
UL Solutions reported $491.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of UL Solutions are outstanding?
UL Solutions reported a weighted average of 202.0 million basic shares outstanding in 2026 Q2.
What is UL Solutions' market cap?
Based on its latest closing price, UL Solutions (ULS) has a market capitalization of about $14.50B.
When does UL Solutions' fiscal year end?
UL Solutions' fiscal year end, as registered with the SEC, is December 31.
Where is UL Solutions headquartered?
UL Solutions lists its business address in Northbrook, Illinois in its SEC filings.