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

UL Solutions Inc. (ULS) Net margin

Alert me on 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

Against its own ten years

Low 8.90% High 11.6%
Ten-year median 10.7%
Current reading's percentile 100

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

The full definition of Net margin →

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