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.
Follow ULS
UL Solutions Inc. (ULS) P/E ratio
As of 16 October 2026, UL Solutions Inc. (ULS) trades at a P/E ratio of 29.2×. Over the past ten years it has ranged from 24.5× (April 2024) to 60.3× (May 2026); the current reading is higher than 10% of that period. That is above the Specialty Business Services industry median of 24.4× and above the Industrials sector median of 24.7×.
P/E ratio, daily
Embed this chart
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 |
|---|---|---|
| Jun 2026 | 40.6× | (17.61%) |
| Mar 2026 | 49.3× | 1.19% |
| Dec 2025 | 48.7× | 16.79% |
| Sep 2025 | 41.7× | (6.18%) |
| 10 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CPRT Copart, Inc. compare | 17.9× |
| AZZ AZZ Inc. compare | 23.2× |
| AMTM Amentum Holdings, Inc. compare | 23.5× |
| DLB Dolby Laboratories compare | 25.2× |
| ULS UL Solutions Inc. | 29.2× |
| ARMK Aramark compare | 37.9× |
| UNF Unifirst Corporation compare | 39.7× |
| RTO Rentokil Initial PLC compare | 61.8× |
| FA First Advantage Corporation compare | 132× |
| Specialty Business Services industry median | 24.4× |
| Industrials sector median | 24.7× |
| Market median | 18.1× |
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)