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
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UL Solutions Inc. (ULS) 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
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)
More on ULS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Beneish M-score
- The full statement