UL Solutions Inc. ULS

FY2025 · ended Dec 31, 2025 · Revenue $3.05B, +6.4% YoY · Filed Feb 19, 2026

UL Solutions Inc. (ULS) files with the SEC under industry code 8734, Services-Testing Laboratories. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $3.1 billion and net income of $325.0 million. Free cash flow was $403.0 million. As of Sep 30, 2026 it held $1.0 billion in cash and investments and $934.0 million in total debt.

Revenue (TTM)
$3.19B
+6.1% vs year-ago TTM
Net income (TTM)
$514.00M
+51.6% vs year-ago TTM
Operating cash flow (TTM)
$738.00M
+25.9% vs year-ago TTM
Free cash flow (TTM)
$481.00M
+23.7% vs year-ago TTM
EPS (TTM)
$2.52
+50.7% vs year-ago TTM
Dividend per share (TTM)
$0.57
+9.7% vs year-ago TTM
Shares outstanding
201.03M
+0.4% vs prior year
Net cash
$82.00M
as of Sep 30, 2026
Operating margin
17.8%
FY 2026

Company profile

Industry
Services-Testing Laboratories (SIC 8734)
Listed as
ULS (NYSE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Northbrook, IL
SEC filer status
Large accelerated filer
SEC CIK
1901440
Former names
UL Solutions Inc. (until Nov 4, 2026); UL Inc. (until May 18, 2022)

Other Services-Testing Laboratories companies

Key figures

Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.

Line
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Revenue
$3.1B
$2.9B
Operating income
$522.0M
$462.0M
Net income
$325.0M
$326.0M
Diluted EPS
$1.60
$1.62
Operating cash flow
$600.0M
$524.0M
Free cash flow
$403.0M
$287.0M
Total assets
$2.9B
$2.8B
Total liabilities
$1.6B
$1.9B
Stockholders' equity
$1.3B
$904.0M
Cash and investments
$295.0M
$298.0M
Total debt
$683.0M
$935.0M

Recent SEC filings

Recent SEC filings
Form Description Filed Period
10-Q Quarterly report Nov 3, 2026 Sep 30, 2026
8-K Current report
Results of operations, Regulation FD disclosure
Nov 3, 2026 Nov 3, 2026
8-K Current report
Regulation FD disclosure
Oct 1, 2026 Oct 1, 2026
10-Q Quarterly report Aug 4, 2026 Jun 30, 2026
8-K Current report
Results of operations, Regulation FD disclosure
Aug 4, 2026 Aug 4, 2026
8-K Current report
Officer or director change
Jun 3, 2026 Jun 1, 2026

Source: SEC EDGAR filings. This is company-reported data, not investment advice.