Friday 6 November 2026 Export ULS’s income statement to Excel — free account

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

76.15 3.58 −4.49%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26
P/E ratio Full definition →	+8 more quarters Free account	48.68	49.26	40.58	25.34
P/S ratio Full definition →		5.19	5.55	6.54	4.16
P/FCF ratio Full definition →		39.33	38.28	47.19	27.56
P/Operating CF Full definition →		110.08	78.67	128.60	61.65
P/B ratio Full definition →		12.25	12.90	12.70	7.63
Price to Tangible BV Full definition →		26.87	26.55	21.96	12.61
EV/Sales Full definition →		5.27	5.59	6.51	4.10
EV/EBITDA Full definition →		22.67	23.45	27.25	17.15
EV/Operating CF Full definition →		26.83	26.13	30.23	17.69
EV/FCF Full definition →		39.94	38.61	47.00	27.14
Quick Ratio Full definition →		0.94	0.84	1.05	1.72
Current Ratio Full definition →		1.32	1.16	1.42	2.09
Net Debt/EBITDA Full definition →		1.16	0.54	(0.68)	(1.19)
Debt/Assets Full definition →		16.81%	12.08%	9.65%	20.71%
Debt/Equity Full definition →		0.38	0.27	0.19	0.44
Asset Turnover Full definition →		1.07	1.07	1.04	0.97
Operating CF/Net income Full definition →		2.15	2.38	0.65	1.99
Capex/Depreciation Full definition →		(1.14)	(1.47)	(1.50)	(1.24)
Interest Coverage Full definition →		13.11	17.25	30.00	27.00
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		30.29%	32.06%	32.72%	31.59%
Intangible Assets out of Total Assets Full definition →		0.24	0.23	0.22	0.19
Share Based Compensation of Revenue Full definition →		1.39%	1.58%	2.82%	2.79%
Graham Net Nets Full definition →		(0.04)	(0.03)	(0.01)	(0.01)
Graham Number Full definition →		15.32	16.13	21.28	22.39
Earnings Yield Full definition →		2.05%	2.03%	2.46%	3.95%
Free Cash Flow Yield Full definition →		2.54%	2.61%	2.12%	3.63%
Revenue per Share Full definition →		3.93	3.77	4.04	4.07
Operating CF per Share Full definition →		0.72	1.09	0.79	1.06
Capex per Share Full definition →		(0.29)	(0.34)	(0.34)	(0.30)
Free Cash Flow per Share Full definition →		0.43	0.75	0.45	0.76
Cash per Share Full definition →		1.47	1.28	2.15	5.03
Shareholders Equity per Share Full definition →		6.44	6.65	8.02	8.60
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		6.44	6.65	8.02	8.60
Free Cash Flow Full definition →		86.00	150.00	91.00	154.00
Working Capital Full definition →		240.00	148.00	368.00	928.00
Capital Expenditures Full definition →		(58.00)	(69.00)	(69.00)	(61.00)
Net Current Asset Value Full definition →		(627.00)	(572.00)	(265.00)	(173.00)
EV/EBIT Full definition →		30.84	31.54	36.46	22.98
Capex to Sales Full definition →		0.07	0.09	0.08	0.07
Price to Operating Income Full definition →		30.37	31.27	36.61	23.34
Other line items
Average Receivables Full definition →		401.00	480.00	447.50	417.00
Average Payables Full definition →		182.50	155.50	159.00	164.00
Average Assets Full definition →		2,860.50	2,916.50	3,020.50	3,293.50
Average Common Equity Full definition →		1,112.50	1,160.00	1,366.50	1,479.00

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Columns are period end dates · fundamentals updated 5 Nov 2026

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