UL Solutions Inc. (ULS) Financial Statements
Historical financial data — 9 statements covering FY2024–FY2025
UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the...
UL Solutions Inc.'s revenue increased 6.4% year over year, from $2.87B to $3.05B.
Net income decreased 0.3% over the same period, from $326.0M to $325.0M.
Total debt decreased by 29.0% to $491.0M.
The debt-to-equity ratio stands at 0.39, indicating a moderate leverage profile.
Operating cash flow grew 14.5% to $600.0M.
UL Solutions Inc. maintains a healthy net profit margin of 10.6%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q2 FY2024 | $730.0M+9.0% | $101.0M | $366.0M | $126.0M | $103.0M | $2.74B | $785.0M | $769.0M |
| Q3 FY2024 | $731.0M+0.1% | $88.0M | $358.0M | $130.0M | $150.0M | $2.88B | $760.0M | $872.0M |
| Q4 FY2024 | $739.0M+1.1% | $81.0M | $350.0M | $115.0M | $130.0M | $2.80B | $692.0M | $904.0M |
| Q1 FY2025 | $705.0M-4.6% | $67.0M | $341.0M | $109.0M | $154.0M | $2.88B | $653.0M | $970.0M |
| Q2 FY2025 | $776.0M+10.1% | $91.0M | $383.0M | $139.0M | $147.0M | $2.92B | $608.0M | $1.09B |
| Q3 FY2025 | $783.0M+0.9% | $100.0M | $394.0M | $156.0M | $155.0M | $2.90B | $544.0M | $1.19B |
| Q4 FY2025 | $789.0M+0.8% | $67.0M | $392.0M | $118.0M | $144.0M | $2.92B | $491.0M | $1.26B |
| Q1 FY2026 | $758.0M-3.9% | $92.0M | $381.0M | $138.0M | $219.0M | $2.96B | $357.0M | $1.32B |
Balance Sheet Summary (Latest Period)
UL Solutions Inc. (ULS) Financial Statements & Revenue History
UL Solutions Inc. (ULS) is a US-listed stock operating in the Other sector, specifically the Services-Testing Laboratories industry trading at $66.05 with a market capitalization of $13. This page provides 9 historical financial statements for UL Solutions Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, UL Solutions Inc. reported revenue of $3.1 billion, representing 6.4% year-over-year growth. The net profit margin of 10.6% indicates moderate profitability. The debt-to-equity ratio of 0.39 shows conservative leverage.
ULS Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows UL Solutions Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether ULS is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track ULS's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently UL Solutions Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of ULS's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use ULS Financial Data
Investors use UL Solutions Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare ULS's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how ULS's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View ULS's financial health score, earnings, and pre-market pricing.
Financial data is sourced from UL Solutions Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.ULS trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.