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) Return on invested capital

Alert me on Return on invested capital

UL Solutions Inc.'s return on invested capital over the twelve months to 30 September 2026 was 23.9%, up 2.0 percentage points from fiscal 2025 (21.9%). Over the past ten years it has ranged from 0.00% (fiscal 2021) to 21.9% (fiscal 2025) — the current reading is the highest in ten years. That is above the Specialty Business Services industry median of 0.65% and above the Industrials sector median of 1.81%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 21.9% 0.90
FY2024 21.0% 2.85
FY2023 18.2% (3.25)
FY2022 21.4% 21.40
FY2021 0.00% —

Against its own ten years

Low 0.00% High 21.9%
Ten-year median 21.0%
Current reading's percentile 100

Return on invested capital against peers

Company Return on invested capital
ULS UL Solutions Inc. 23.9%
CPRT Copart, Inc. compare 22.4%
AZZ AZZ Inc. compare 9.55%
DLB Dolby Laboratories compare 8.06%
ARMK Aramark compare 6.03%
AMTM Amentum Holdings, Inc. compare 4.57%
UNF Unifirst Corporation compare 4.17%
FA First Advantage Corporation compare 3.59%
RTO Rentokil Initial PLC compare 0.00%
Specialty Business Services industry median 0.65%
Industrials sector median 1.81%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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