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Wednesday 4 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
+6.00%
Free cash flow
+41.3%
Total debt
+40.4%

Quarter to September 2026, against a year earlier

79.80 0.60 −0.75%
Market cap
$16.2B
P/E
31.5×
Fwd P/E
26.9×
Dividend yield
0.71%
F-score
7/9
Altman Z
7.80
Beneish M
−2.77
Dividend safety
81/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

UL Solutions Inc. (ULS) EV/EBITDA

Alert me on EV/EBITDA

As of 3 November 2026, UL Solutions Inc. (ULS) trades at a EV/EBITDA of 21.0×. Over the past ten years it has ranged from 12.5× (April 2024) to 28.7× (May 2026); the current reading is higher than 60% of that period. That is above the Specialty Business Services industry median of 11.8× and above the Industrials sector median of 13.1×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 22.7× 37.94%
FY2024 16.4× 26.91%
FY2023 13.0× 0.00%
FY2022 13.0× 0.00%
FY2021 13.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 17.2× (37.06%)
Jun 2026 27.3× 16.21%
Mar 2026 23.5× 3.44%
Dec 2025 22.7× 9.30%
11 more quarters

Against its own ten years

Low 12.5× High 28.7×
Ten-year median 19.8×
Current reading's percentile 60

EV/EBITDA against peers

Company EV/EBITDA
RTO Rentokil Initial PLC compare 1.5×
AMTM Amentum Holdings, Inc. compare 8.4×
AZZ AZZ Inc. compare 11.8×
FA First Advantage Corporation compare 12.8×
CPRT Copart, Inc. compare 13.3×
ARMK Aramark compare 14.4×
DLB Dolby Laboratories compare 15.4×
UNF Unifirst Corporation compare 16.0×
ULS UL Solutions Inc. 21.0×
Specialty Business Services industry median 11.8×
Industrials sector median 13.1×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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