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UL Solutions $ULS

Industrials

Russell 1000 Illinois

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$73.63

-0.65 (-0.88%)

As of Oct 22, 2026, 9:29 PM EDT · cached

Price history

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UL Solutions (ULS) is trading down at $73.63 (-0.88%), as of the latest quote. It is a Russell 1000 constituent in the Industrials sector.

IPO: April 12, 2024 · $28.00 offering · NYSE · View IPO details →

UL Solutions revenue & net income history (FY2022–FY2025)

RevenueNet incomeNet margin (right axis, %)

UL Solutions annual financial statements
	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$2.52B	$2.68B	$2.87B	$3.05B
Growth (year over year)	—	+6.3%	+7.2%	+6.4%
Gross profit	$1.21B	$1.28B	$1.39B	$1.51B
Gross margin	47.9%	47.9%	48.5%	49.5%
Operating income	$412.0M	$368.0M	$462.0M	$522.0M
Operating margin	16.3%	13.7%	16.1%	17.1%
Net income	$293.0M	$260.0M	$326.0M	$325.0M
Net margin	11.6%	9.7%	11.4%	10.6%
EPS (diluted)	$1.47	$1.30	$1.62	$1.60
Balance sheet
Cash and equivalents	$322.0M	$315.0M	$298.0M	$295.0M
Total assets	—	$2.74B	$2.80B	$2.92B
Total liabilities	—	$2.06B	$1.87B	$1.63B
Long-term debt	—	$904.0M	$692.0M	$491.0M
Shareholders' equity	$1.08B	$654.0M	$904.0M	$1.26B
Cash flow
Operating cash flow	$372.0M	$467.0M	$524.0M	$600.0M
Capital expenditure	$164.0M	$215.0M	$237.0M	$197.0M
Free cash flow	$208.0M	$252.0M	$287.0M	$403.0M
Dividends paid	$1.60B	$680.0M	$100.0M	$104.0M

RevenueNet incomeNet margin (right axis, %)

UL Solutions quarterly financial statements
	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Income statement
Revenue	$731.0M	$739.0M	$705.0M	$776.0M	$783.0M	$789.0M	$758.0M	$816.0M
Growth (year over year)	+8.1%	+8.0%	+5.2%	+6.3%	+7.1%	+6.8%	+7.5%	+5.2%
Gross profit	$358.0M	$349.0M	$340.0M	$382.0M	$394.0M	$394.0M	$381.0M	$417.0M
Gross margin	49.0%	47.2%	48.2%	49.2%	50.3%	49.9%	50.3%	51.1%
Operating income	$130.0M	$115.0M	$109.0M	$139.0M	$156.0M	$118.0M	$138.0M	$150.0M
Operating margin	17.8%	15.6%	15.5%	17.9%	19.9%	15.0%	18.2%	18.4%
Net income	$88.0M	$81.0M	$67.0M	$91.0M	$100.0M	$67.0M	$92.0M	$246.0M
Net margin	12.0%	11.0%	9.5%	11.7%	12.8%	8.5%	12.1%	30.1%
EPS (diluted)	$0.44	$0.40	$0.33	$0.45	$0.49	$0.33	$0.45	$1.21
Balance sheet
Cash and equivalents	$327.0M	$298.0M	$267.0M	$272.0M	$255.0M	$295.0M	$258.0M	$434.0M
Total assets	$2.88B	$2.80B	$2.88B	$2.92B	$2.90B	$2.92B	$2.96B	$3.12B
Total liabilities	$1.98B	$1.87B	$1.89B	$1.81B	$1.68B	$1.63B	$1.62B	$1.50B
Long-term debt	$760.0M	$692.0M	$653.0M	$608.0M	$544.0M	$491.0M	$357.0M	$301.0M
Shareholders' equity	$872.0M	$904.0M	$970.0M	$1.09B	$1.19B	$1.26B	$1.32B	$1.59B
Cash flow
Operating cash flow	$150.0M	$130.0M	$154.0M	$147.0M	$155.0M	$144.0M	$219.0M	$160.0M
Capital expenditure	$66.0M	$58.0M	$51.0M	$42.0M	$46.0M	$58.0M	$69.0M	$69.0M
Free cash flow	$84.0M	$72.0M	$103.0M	$105.0M	$109.0M	$86.0M	$150.0M	$91.0M
Dividends paid	$25.0M	$25.0M	$26.0M	$26.0M	$26.0M	$26.0M	$29.0M	$29.0M

From UL Solutions's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →