UL Solutions Inc. (ULS)

74.43 -1.48% (-1.12)

Over 1M: -18.8%

2026-08-28
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31 Jul 5 Aug 10 Aug 13 Aug 18 Aug 21 Aug 26 Aug

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q1 '23 — Revenue: 629M Q1 '23 — Operating Cash Flow: 161M Q1 '23 — Free Cash Flow: 98M Q1 '23 — Net Income: 55M Q2 '23 — Revenue: 689M Q2 '23 — Operating Cash Flow: 59M Q2 '23 — Free Cash Flow: 9M Q2 '23 — Net Income: 94M Q3 '23 — Revenue: 676M Q3 '23 — Operating Cash Flow: 121M Q3 '23 — Free Cash Flow: 78M Q3 '23 — Net Income: 53M Q4 '23 — Revenue: 684M Q4 '23 — Operating Cash Flow: 126M Q4 '23 — Free Cash Flow: 67M Q4 '23 — Net Income: 58M Q1 '24 — Revenue: 670M Q1 '24 — Operating Cash Flow: 141M Q1 '24 — Free Cash Flow: 84M Q1 '24 — Net Income: 56M Q2 '24 — Revenue: 730M Q2 '24 — Operating Cash Flow: 103M Q2 '24 — Free Cash Flow: 47M Q2 '24 — Net Income: 101M Q3 '24 — Revenue: 731M Q3 '24 — Operating Cash Flow: 150M Q3 '24 — Free Cash Flow: 84M Q3 '24 — Net Income: 88M Q4 '24 — Revenue: 739M Q4 '24 — Operating Cash Flow: 130M Q4 '24 — Free Cash Flow: 72M Q4 '24 — Net Income: 81M Q1 '25 — Revenue: 705M Q1 '25 — Operating Cash Flow: 154M Q1 '25 — Free Cash Flow: 103M Q1 '25 — Net Income: 67M Q2 '25 — Revenue: 776M Q2 '25 — Operating Cash Flow: 147M Q2 '25 — Free Cash Flow: 105M Q2 '25 — Net Income: 91M Q3 '25 — Revenue: 783M Q3 '25 — Operating Cash Flow: 155M Q3 '25 — Free Cash Flow: 109M Q3 '25 — Net Income: 100M Q4 '25 — Revenue: 789M Q4 '25 — Operating Cash Flow: 144M Q4 '25 — Free Cash Flow: 86M Q4 '25 — Net Income: 67M Q1 '26 — Revenue: 758M Q1 '26 — Operating Cash Flow: 219M Q1 '26 — Free Cash Flow: 150M Q1 '26 — Net Income: 92M Q2 '26 — Revenue: 816M Q2 '26 — Operating Cash Flow: 160M Q2 '26 — Free Cash Flow: 91M Q2 '26 — Net Income: 246M 0 200M 400M 600M 800M 1B
Q2 '23 Q4 '23 Q2 '24 Q4 '24 Q2 '25 Q4 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.5
ROIC 26.9%
Oper. margin 17.9%
OE margin 11.9%
Accruals -5.5%
ROA 16.2%
ROCE 24.9%
ROE 31.7%
FCF margin 13.9%
Gross margin 50.3%
OCF margin 21.6%
OCF / EBIT 1.2×

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

6.5
RPO / sales 0.041×
Segment HHI 0.4 HHI
RPO growth -36.0%

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

8.0
ND/EBITDA —
Debt payback 0.13 yr
Net debt / Eq 0.036×
Payout 21.8%
Cash / Debt 0.88×
Debt / Eq 0.31×
F-score 7.0 pts
Quick ratio 1.4×
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

4.5
Sales/sh Y/Y +5.6%
EPS Y/Y +52.9%
Div. growth +4.0%
EBIT CAGR +9.3%
EBIT Y/Y +14.0%
Sales Q/Q +5.2%
EPS CAGR 4Y —
EPS next Y —
Sales CAGR 4Y —

3 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.