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

76.54 3.19 −4.00%

Follow ULS

Alert me

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

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

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

Stockrow Weekly