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) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, UL Solutions Inc. (ULS) trades at a P/E ratio of 29.6×. Over the past ten years it has ranged from 24.5× (April 2024) to 60.3× (May 2026); the current reading is higher than 13% of that period. That is above the Specialty Business Services industry median of 24.5× and above the Industrials sector median of 23.3×.

P/E ratio, daily

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Annual newest first

Period P/E ratio Change
FY2025 48.7× 60.05%
FY2024 30.4× 19.26%
FY2023 25.5× 0.00%
FY2022 25.5× 0.00%
FY2021 25.5× —

Quarterly newest first

Period P/E ratio Change
Sep 2026 25.3× (37.55%)
Jun 2026 40.6× (17.61%)
Mar 2026 49.3× 1.19%
Dec 2025 48.7× 16.79%
11 more quarters

Against its own ten years

Low 24.5× High 60.3×
Ten-year median 35.9×
Current reading's percentile 13

P/E ratio against peers

Company P/E ratio
CPRT Copart, Inc. compare 20.8×
AZZ AZZ Inc. compare 21.9×
AMTM Amentum Holdings, Inc. compare 25.6×
DLB Dolby Laboratories compare 27.2×
ULS UL Solutions Inc. 29.6×
ARMK Aramark compare 34.5×
UNF Unifirst Corporation compare 38.5×
RTO Rentokil Initial PLC compare 70.5×
FA First Advantage Corporation compare 92.5×
Specialty Business Services industry median 24.5×
Industrials sector median 23.3×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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