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
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UL Solutions Inc. (ULS) Net margin
UL Solutions Inc.'s net margin over the twelve months to 30 September 2026 was 16.1%, up 5.4 percentage points from fiscal 2025 (10.7%). Over the past ten years it has ranged from 8.90% (fiscal 2021) to 11.6% (fiscal 2022); the current reading is higher than 60% of that period. That is above the Specialty Business Services industry median of 1.82% and above the Industrials sector median of 2.53%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 10.7% | (0.71) |
| FY2024 | 11.4% | 1.65 |
| FY2023 | 9.71% | (1.92) |
| FY2022 | 11.6% | 2.73 |
| FY2021 | 8.90% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 13.1% | (17.03) |
| Jun 2026 | 30.2% | 18.01 |
| Mar 2026 | 12.1% | 3.65 |
| Dec 2025 | 8.49% | (4.28) |
| 11 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| CPRT Copart, Inc. compare | 31.8% |
| DLB Dolby Laboratories compare | 16.7% |
| ULS UL Solutions Inc. | 16.1% |
| AZZ AZZ Inc. compare | 9.59% |
| RTO Rentokil Initial PLC compare | 7.17% |
| UNF Unifirst Corporation compare | 4.34% |
| ARMK Aramark compare | 1.93% |
| FA First Advantage Corporation compare | 1.51% |
| AMTM Amentum Holdings, Inc. compare | 1.44% |
| Specialty Business Services industry median | 1.82% |
| Industrials sector median | 2.53% |
| Market median | 1.22% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on ULS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Beneish M-score
- The full statement