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) P/S ratio

Alert me on P/S ratio

As of 3 November 2026, UL Solutions Inc. (ULS) trades at a P/S ratio of 5.1×. Over the past ten years it has ranged from 2.5× (April 2024) to 6.8× (May 2026); the current reading is higher than 72% of that period. That is above the Specialty Business Services industry median of 1.2× and above the Industrials sector median of 1.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 5.2× 49.36%
FY2024 3.5× 35.25%
FY2023 2.6× 0.00%
FY2022 2.6× 0.00%
FY2021 2.6× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 4.2× (36.39%)
Jun 2026 6.5× 17.92%
Mar 2026 5.5× 6.83%
Dec 2025 5.2× 9.47%
11 more quarters

Against its own ten years

Low 2.5× High 6.8×
Ten-year median 4.6×
Current reading's percentile 72

P/S ratio against peers

Company P/S ratio
RTO Rentokil Initial PLC compare n/m
AMTM Amentum Holdings, Inc. compare 0.4×
ARMK Aramark compare 0.7×
UNF Unifirst Corporation compare 1.8×
FA First Advantage Corporation compare 2.3×
AZZ AZZ Inc. compare 2.4×
DLB Dolby Laboratories compare 4.4×
ULS UL Solutions Inc. 5.1×
CPRT Copart, Inc. compare 6.3×
Specialty Business Services industry median 1.2×
Industrials sector median 1.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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