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NYSE · CIK 0001901440 · SERVICES-TESTING LABORATORIES

UL Solutions Inc.

ULS chart by TradingView
P/E 41.1xP/B 13.0xP/SALES 6.6xEV/EBITDA 27.4xFCF YIELD 2.10%

PRICE HISTORY

LIVE · NYSE
ULS chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$3.1B
EBITDA
$0.7B
FREE CASH FLOW
$0.4B
EPS
$1.60
GROSS MARGIN
49.46%
ROIC
22.29%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 14 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

41.1x
+30%
LATEST · Q2 FY26
41.1xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
30.9x50.0x

P / SALES (TTM)

6.6x
+115%
LATEST · Q2 FY26
6.6xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
3.1x6.6x

P / BOOK

13.0x
+18%
LATEST · Q2 FY26
13.0xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
11.0x13.5x

EV / EBITDA (TTM)

27.4x
+68%
LATEST · Q2 FY26
27.4xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
16.3x27.4x

EV / REVENUE (TTM)

6.6x
+101%
LATEST · Q2 FY26
6.6xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
3.3x6.6x

FCF YIELD (TTM)

2.10%
-1.2pp
LATEST · Q2 FY26
2.10%Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
2.10%3.25%

DIVIDEND YIELD (TTM)

LATEST · Q2 FY26
Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$0.8B
+30%
LATEST · Q2 FY26
0.8BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

EBITDA (DERIVED)

$0.2B
+39%
LATEST · Q2 FY26
0.2BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

NET INCOME

$0.2B
+347%
LATEST · Q2 FY26
0.2BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

EPS (DILUTED)

$1.21
+339%
LATEST · Q2 FY26
1.21Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

REVENUE GROWTH YOY

5.15%
-1.4pp
LATEST · Q2 FY26
5.15%Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
5.15%8.14%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

11.15%
-4.4pp
LATEST · Q2 FY26
11.15%Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
1.31%19.79%

RETURN ON CAPITAL

34.54%
+13.6pp
LATEST · Q2 FY26
34.54%Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
20.87%34.54%

RETURN ON EQUITY (TTM)

31.66%
-8.1pp
LATEST · Q2 FY26
31.66%Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
25.75%39.76%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN51.10%
OPERATING MARGIN18.38%
NET MARGIN30.15%
FCF MARGIN11.15%
56.2142.1628.1114.050.00GROSSOPERNETFCFQ1 FY23Q3 FY23Q1 FY24Q3 FY24Q1 FY25Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

$0.1B
-7%
LATEST · Q2 FY26
0.1BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

STOCK-BASED COMP

$0.0B
+2200%
LATEST · Q2 FY26
0.0BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

CAPITAL EXPENDITURE

$0.1B
+10%
LATEST · Q2 FY26
0.1BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

SHARES OUTSTANDING

0.20B
+2%
LATEST · Q2 FY26
0.20BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

DIVIDEND / SHARE

LATEST · Q2 FY26
Q1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$0.4B
+38%
LATEST · Q2 FY26
0.4BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

TOTAL DEBT

$0.3B
-67%
LATEST · Q2 FY26
0.3BQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26

DEBT / EBITDA (TTM)

0.4x
-77%
LATEST · Q2 FY26
0.4xQ1 FY23Q4 FY23Q3 FY24Q2 FY25Q2 FY26
0.4x1.7x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 118.24%INSIDERS 1.23%OTHER / RETAIL 0.00%520 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
T. Rowe Price Investment Management, Inc.9.32%7.3M$569.8M+23.9%
Capital International Investors7.77%6.1M$475.1M-24.5%
Blackrock Inc.6.97%5.4M$426.2M+9.1%
Kayne Anderson Rudnick Investment Management LLC6.91%5.4M$422.2M-10.2%
Capital Research Global Investors4.68%3.7M$285.8M-4.7%
Vanguard Capital Management LLC4.42%3.5M$270.4MNEW
Durable Capital Partners Lp4.21%3.3M$257.4M+28.4%
Vanguard Portfolio Management LLC3.95%3.1M$241.3MNEW
Janus Henderson Group PLC3.82%3.0M$233.7M-1.2%
Bessemer Group, Inc.2.90%2.3M$177.2M+2.0%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.