UL Solutions Inc.: stock overview

ULSNYSEHealthcare · Services-Testing Laboratories

Price

$80.36

November 13, 2026Market cap $16.2B

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  • The full history: 4 fiscal years, from 2022
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  • Excel with every year
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In short

UL Solutions had revenue of $3.2B over the last 12 months and net income of $513M, a net margin of 16.1%. Revenue grew by 6.6% a year on average over the last 3 years. At $80.36 the shares trade at a P/E of 31.5. It holds more cash than debt, by $252M. It pays a dividend yielding 0.70%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$16.2B
201M shares
P/E
31.5
Revenue, 12 months
$3.2B
+6.6% a year over 3 years
Net margin
16.1%
2025: 10.7%, above 85% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+6.8% a year over 2 years

  • 202510-K
    Revenue$3.1B
  • 202410-K
    Revenue$2.9B
  • 2023
    Revenue$2.7B

Fiscal years in figures

ULS's revenue, profit, cash flow and dividend with each year-end price, from 2022 to 2022, 1 more fiscal year

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 
$16.2B
Enterprise value 
$15.9B
P/E 
31.5
EV / EBIT 
28.0
EV / Revenue 
5.0
P/B 
9.5
FCF yield 
3.0%
Earnings yield 
3.2%

Profitability

Gross margin 
50.7%
Operating margin 
17.8%
Net margin 3-year median: 10.6%
16.1%
ROIC 
21.8%
ROIC, 5-year average 
23.6%
ROE 
36.3%

Growth

Revenue, yearly change 
+6.4%
EPS, yearly change 
-1.2%
FCF, yearly change 
+40.4%
Revenue, average a year 
+6.6%
EPS, average a year 
+2.9%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$1.0B
Total debt 
$934M
Of which operating leases 
$170M
Net cash 
$252M
Net debt / EBITDA 
-0.3x
Interest cover 
20.3x
Current ratio 
2.09

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.70%
Buybacks 
–
Total returned 
0.70%
Shares, yearly change 
+0.4%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 87).

Operating margin

17.1%

Above 87% of the 43 companies in its industry, and 78% of all.

Net margin

10.7%

Above 85% of the 42 companies in its industry, and 67% of all.

ROE

25.8%

Above 83% of the 39 companies in its industry, and 89% of all.

ROA

11.1%

Above 87% of the 41 companies in its industry, and 89% of all.

Revenue growth

6.4%

Above 64% of the 40 companies in its industry, and 50% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
UL Solutions Inc.
CIK
1901440
Exchange
NYSE
Industry (SIC)
8734 · Services-Testing Laboratories
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
201M

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The full analysis

What do UL Solutions's filings show?

These are UL Solutions's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about ULS

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What is ULS's market cap?

UL Solutions Inc.'s market cap is $16.2B, at a price of $80.36 on November 13, 2026 and 201M shares.

What is ULS's P/E?

ULS's P/E is 31.5, on earnings per share of $2.52 over the last 12 months.

How much revenue does ULS have?

UL Solutions had revenue of $3.2B over the last 12 months. Over the last 3 years it changed by +6.6% a year on average.

Does ULS pay a dividend?

Yes. UL Solutions paid $0.57 per share over the last 12 months, a yield of 0.70% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From UL Solutions Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.