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%
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

UL Solutions Inc. (ULS) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, UL Solutions Inc. (ULS) trades at a EV/Sales of 4.8×. Over the past ten years it has ranged from 2.7× (April 2024) to 6.8× (May 2026); the current reading is higher than 56% of that period. That is above the Specialty Business Services industry median of 1.5× and above the Industrials sector median of 1.8×.

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
Sep 2026 4.1× (37.10%)
Jun 2026 6.5× 16.43%
Mar 2026 5.6× 6.11%
Dec 2025 5.3× 8.58%
11 more quarters

Against its own ten years

Low 2.7× High 6.8×
Ten-year median 4.7×
Current reading's percentile 56

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 1.7×
AZZ AZZ Inc. compare 2.4×
FA First Advantage Corporation compare 3.3×
DLB Dolby Laboratories compare 4.0×
ULS UL Solutions Inc. 4.8×
CPRT Copart, Inc. compare 5.6×
Specialty Business Services industry median 1.5×
Industrials sector median 1.8×
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)

The full definition of EV/Sales →

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