UL Solutions Inc.

UL Solutions Inc.

ULS · NYSE · Industrials / Specialty Business Services

80.36USD-1.19 (-1.46%)

Price History

Full chart

Market Stats

Previous Close81.55
Open82.10
Day Range79.89 – 82.10
52-Week Range63.17 – 107.17
Volume555.11K
Market Cap13.06B
P/E (TTM)26.67
Forward P/E24.88
EPS2.43
Dividend Yield0.88%
Beta0.62
50-Day Avg76.20
200-Day Avg83.66

About

UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification services and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building and asset owners, end users, and regulators. The Consumer segment offers safety certification testing, ongoing certification, global market access, testing for connectivity, performance and quality, and critical systems advisory and training services, as well as product market acceptance and risk mitigation services for customers in the consumer products end markets comprising consumer electronics, medical devices, information technologies, appliances, HVAC, lighting, and retail, as well as consumer applications, such as new mobility, smart products, and 5G. The Software and Advisory segment provide software and technical advisory services that enable customers to manage regulatory requirements, deliver supply chain transparency, and operationalize sustainability. It offers ULTRUS, a software that helps customers meet regulatory, supply chain, and sustainability challenges. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in December 2021. The company was founded in 1894 and is headquartered in Northbrook, Illinois. UL Solutions Inc. operates as a subsidiary of ULSE Inc.

Company Details

  • SectorIndustrials
  • IndustrySpecialty Business Services
  • CEOMs. Jennifer F. Scanlon
  • Employees14.59K
  • Headquarters333 Pfingsten Road, Northbrook, IL, United States, 60062, USA
  • Websitehttps://www.ul.com

Leadership

  • Ms. Jennifer F. ScanlonPresident, CEO & Director · b. 1967
  • Mr. Ryan D. RobinsonExecutive VP & CFO · b. 1966
  • Ms. Gitte SchjotzExecutive VP and Chief Business Operations & Innovation Officer · b. 1971
  • Mr. Weifang ZhouExecutive VP & Special Advisor to the CEO · b. 1965
  • Mr. John A. GenovesiExecutive VP and President of Risk & Compliance Software · b. 1964
  • Mr. Alex G. DadakisExecutive VP and President of Testing, Inspection & Certification (TIC) · b. 1987
  • Ms. Karen K. PeppingSenior VP & Chief Accounting Officer · b. 1964
  • Mr. Mitchell JiSenior Vice President of Corporate Finance & Tax
  • Mr. Robert V. Slone Ph.D.Senior VP & Chief Scientist & Innovation Officer · b. 1972
  • Ms. Patricia A. CrawfordSenior VP & Chief Information Officer

Financials

Income Statement

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.31B2.30B2.52B2.52B2.68B2.87B3.05B
Growth (%)--0.60%+9.39%+0.12%+6.27%+7.17%+6.38%
Cost of Revenue1.28B1.27B1.34B1.31B1.41B1.49B1.56B
Gross Profit1.03B1.03B1.18B1.21B1.26B1.38B1.50B
Gross Margin44.71%44.81%46.84%47.90%47.24%48.08%49.06%
Operating Expense723.00M668.00M892.00M795.00M860.00M918.00M975.47M
Operating Income312.00M363.00M287.00M412.00M405.00M462.00M522.35M
Operating Margin13.48%15.78%11.40%16.35%15.12%16.10%17.11%
EBITDA408.00M481.00M417.00M535.00M535.00M642.00M738.35M
EBITDA Margin17.62%20.90%16.57%21.23%19.98%22.37%24.18%
Net Income246.00M231.00M224.00M293.00M260.00M326.00M325.00M
Net Income Margin10.63%10.04%8.90%11.63%9.71%11.36%10.65%
R&D52.00M-45.00M43.00M51.00M59.00M-
R&D as % of Total Revenue2.25%-1.79%1.71%1.90%2.06%-
Interest Expense-1.00M1.00M17.00M35.00M55.00M41.00M
Interest Expense % of Total Revenue-0.04%0.04%0.67%1.31%1.92%1.34%

Balance Sheet

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-3.55B3.66B2.72B2.74B2.80B2.92B
Total Liabilities-1.28B1.33B1.64B2.06B1.87B1.63B
Total Equity-2.25B2.31B1.05B654.00M904.00M1.26B
Cash-971.00M1.33B322.00M315.00M298.00M295.00M
Total Debt-161.00M154.00M660.00M1.06B935.00M832.00M
Net Debt--810.00M-1.17B338.00M748.00M637.00M537.00M

Cash Flow

Currency: USD2019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow386.00M487.00M421.00M372.00M467.00M524.00M600.00M
Investing Cash Flow-164.00M-344.00M178.00M-238.00M-175.00M-234.00M-204.00M
Financing Cash Flow-22.00M-20.00M-228.00M-1.12B-294.00M-284.00M-396.00M
Capital Expenditure149.00M119.00M107.00M164.00M215.00M237.00M197.00M
Free Cash Flow237.00M368.00M314.00M208.00M252.00M287.00M403.00M
Dividends Paid7.00M9.00M200.00M1.60B680.00M100.00M104.00M
FCF to OCF61.40%75.56%74.58%55.91%53.96%54.77%67.17%
Dividend Paid to FCF2.95%2.45%63.69%769.23%269.84%34.84%25.81%

Earnings

Report DateFeb 28, 2024May 20, 2024Jul 31, 2024Nov 5, 2024Feb 20, 2025May 6, 2025Aug 5, 2025Nov 4, 2025Feb 19, 2026May 5, 2026Aug 4, 2026Nov 3, 2026
EPS Estimate0.000.280.380.390.390.310.470.470.410.410.520.56
EPS Actual0.310.280.440.490.490.370.520.560.530.500.50-
Surprise-0.00%15.79%25.64%25.64%19.35%10.64%19.15%29.27%21.95%-3.85%-
Timing-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap13.06B
Enterprise Value13.24B
Trailing P/E26.67
Forward P/E24.88
PEG Ratio1.33
Price / Sales4.15
Price / Book8.28
EPS2.43
Book Value7.90
Revenue (TTM)3.15B
Gross Profit (TTM)1.59B
EBITDA721.00M
Profit Margin16.08%
Operating Margin18.38%
Return on Equity38.71%
Return on Assets12.33%
Shares Outstanding77.81M
Shares Float77.10M
Beta0.62
Dividend Yield0.88%
Dividend Rate0.58
Payout Ratio27.03%

Analyst Ratings

Buy
Based on 11 analystsTarget 96.48
  • Strong Buy
    4
  • Buy
    2
  • Hold
    4
  • Sell
    1

Ownership Breakdown

Institutions
114.73%
Insiders
1.21%
Retail / Other
0.00%

Top Institutional Holders

  • T. Rowe Price Investment Management,Inc.
    7.29M3.61%
  • Capital Research & Mgmt Co - Division 3
    6.12M3.03%
  • BlackRock Inc
    5.45M2.70%
  • Kayne Anderson Rudnick Investment Management LLC
    5.40M2.67%
  • Vanguard Capital Management, LLC
    3.46M1.71%
  • Capital Research Global Investors
    3.37M1.67%
  • Vanguard Portfolio Management, LLC
    3.09M1.53%
  • HHG PLC
    2.99M1.48%
  • Durable Capital Partners LP
    2.94M1.45%
  • Bessemer Group Inc
    2.27M1.12%
  • T. Rowe Price Associates, Inc.
    1.65M0.82%
  • FMR Inc
    1.63M0.80%
  • Allspring Global Investments Holdings, LLC
    1.57M0.78%

Top Fund Holders

  • American Funds New Perspective A
    3.83M1.90%
  • iShares Core S&P Mid-Cap ETF
    2.72M1.35%
  • T. Rowe Price Mid-Cap Growth
    2.70M1.34%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.47M1.23%
  • American Funds AMCAP A
    2.17M1.07%
  • American Funds SMALLCAP World A
    2.17M1.07%
  • Vanguard Small Cap Index
    1.79M0.89%

Dividends

20263×
0.14Aug 31, 20260.14May 29, 20260.14Mar 2, 2026
20254×
0.13Nov 28, 20250.13Aug 29, 20250.13May 30, 20250.13Feb 28, 2025
20243×
0.13Nov 29, 20240.13Aug 30, 20240.13Jun 3, 2024