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. In the quarter to June 2026, revenue grew 5.15%, EPS grew 171.1%, free cash flow fell 13.3% and total debt fell 50.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three, operating cash flow growth for three; insiders bought in the last twelve months.
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UL Solutions Inc. (ULS) EV/Sales
As of 16 October 2026, UL Solutions Inc. (ULS) trades at a EV/Sales of 4.7×. Over the past ten years it has ranged from 2.7× (April 2024) to 6.8× (May 2026); the current reading is higher than 50% of that period. That is above the Specialty Business Services industry median of 1.5× and above the Industrials sector median of 1.9×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 5.3× | 45.22% |
| FY2024 | 3.6× | 31.43% |
| FY2023 | 2.8× | 0.00% |
| FY2022 | 2.8× | 0.00% |
| FY2021 | 2.8× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 6.5× | 16.43% |
| Mar 2026 | 5.6× | 6.11% |
| Dec 2025 | 5.3× | 8.58% |
| Sep 2025 | 4.9× | (4.67%) |
| 10 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| RTO Rentokil Initial PLC compare | 0.3× |
| AMTM Amentum Holdings, Inc. compare | 0.6× |
| ARMK Aramark compare | 1.0× |
| UNF Unifirst Corporation compare | 1.8× |
| AZZ AZZ Inc. compare | 2.5× |
| FA First Advantage Corporation compare | 3.1× |
| DLB Dolby Laboratories compare | 3.6× |
| ULS UL Solutions Inc. | 4.7× |
| CPRT Copart, Inc. compare | 4.7× |
| Specialty Business Services industry median | 1.5× |
| Industrials sector median | 1.9× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)