UL Solutions Inc.

ULS Industrials Specialty Business Services

UL Solutions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 6.38% from fiscal 2024.

Revenue
+5.11%
EPS
+15.8%
Free cash flow
+41.3%
Total debt
+40.4%

Quarter to September 2026, against a year earlier

78.55 2.40 +3.15%
Market cap
$15.4B
P/E
29.6×
Fwd P/E
26.9×
Dividend yield
0.74%
F-score
7/9
Altman Z
7.80
Beneish M
−2.77
Dividend safety
81/100

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Revenue
2,517.00 2,520.00 2,678.00 2,870.00 3,053.00
Revenue Growth
— 0.12% 6.27% 7.17% 6.38%
Gross Profit
1,179.00 1,207.00 1,284.00 1,392.00 1,510.00
Operating Income
287.00 412.00 368.00 462.00 522.00
EBT
274.00 383.00 346.00 415.00 470.00
Income after Tax
238.00 309.00 276.00 345.00 345.00
Net Income Common
224.00 293.00 260.00 326.00 325.00
EPS (Diluted)
6.47 1.55 1.30 1.62 1.60
Shares (Diluted, Weighted)
36.81 200.00 200.00 201.00 203.00
Gross Margin
46.84% 47.90% 47.95% 48.50% 49.46%
EBIT Margin
11.40% 16.35% 13.74% 16.10% 17.10%
Net Profit Margin
8.90% 11.63% 9.71% 11.36% 10.65%
Free Cash Flow Margin
12.48% 8.25% 9.41% 10.00% 13.20%
EBITDA
429.00 547.00 559.00 634.00 710.00
EBIT
287.00 412.00 368.00 462.00 522.00

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In millions of $ except per-share values · columns are period end dates · fundamentals updated 5 Nov 2026