UL Solutions logo

UL Solutions

ULSNYSEStock Fundamentals

UL Solutions is a global safety science leader providing testing, inspection, and certification (TIC) services alongside specialized software and advisory solutions. The company leverages its iconic UL Mark and deep technical expertise to help manufacturers and businesses navigate complex regulatory requirements, ensure product safety, and operationalize sustainability across the product lifecycle.

Market Cap$20.0B
Revenue TTM$3.1B
Net Income TTM$350.0M
P/E Ratio57.02
Net Margin11.27%
EPS TTM$1.72
Free Cash Flow TTM$450.0M
Employees15.2K
CEOJennifer F. Scanlon
CountryUnited States of America
Industrials
Specialty Business Services
SegmentsSpecialty Business Services, Testing, Inspection and Certification (TIC), Safety Science
Business ModelsService-based, B2B Software-as-a-Service, Advisory and Consulting
Most Recent EarningsMay 5, 2026 · 15 days agoQ1 2026
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Next EarningsAug 4, 2026 · in 2 monthsBefore Market Open · Q2 2026

Financials

Based on Q1 2026 filing

Gross Margin49.9%
Op. Margin17.74%
ROE30.58%
D/E40.86%
Current Ratio1.16
Total Debt$539.0M
Cash$258.0M
CapEx TTM$215.0M

Gross Profit

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Net Income

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Operating Cash Flow

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Free Cash Flow

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EPS (Diluted)

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Business Segments

Industrial

major

Provides TIC services for high-cost-of-failure industrial components to ensure they meet international safety, performance, and sustainability standards.

Products

Product Safety Certification, Engineered Materials Testing, Industrial Automation Certification, Built Environment Inspection

Customers

Manufacturers, Building and Asset Owners, Regulators, Energy Companies

Consumer

major

Delivers global market acceptance and risk mitigation services for consumer-facing technologies and household goods, focusing on connectivity and quality.

Products

Safety Certification Testing, Ongoing Certification Services, Global Market Access Services, 5G and Connectivity Testing, Critical Systems Advisory

Customers

Consumer Electronics Manufacturers, Medical Device Companies, Retailers, Appliance Manufacturers

Software and Advisory (S&A)

moderate

Offers digital solutions and technical expertise to help customers manage regulatory compliance, supply chain transparency, and sustainability goals.

Products

Compliance Management Software, Supply Chain Transparency Tools, Sustainability Operationalization Software, Technical Advisory Services

Customers

Global Supply Chain Managers, Sustainability Officers, Regulatory Compliance Departments

Segment Financials

Industrial — Revenue

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Industrial — Services and materials

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Industrial — Employee compensation

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Consumer — Services and materials

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Consumer — Revenue

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Certification Testing — Revenue

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Software and Advisory — Restructuring and Related Cost, Cost Incurred to Date

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Software — Revenue

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Risk & Compliance Software — Revenue

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Business Overview

Competitive Position

The largest TIC services provider headquartered in North America with a globally recognized certification mark found on billions of products.

Geographies

North America, Global

Customer Segments

Industrial Manufacturers, Consumer Goods Companies, Healthcare and Medical Device Providers, Technology and Electronics Firms

Upstream Dependencies

Laboratory Equipment Manufacturers, Technical Standards Organizations, Software Developers, Accreditation Bodies

Downstream Customers

Original Equipment Manufacturers (OEMs), Retailers, Construction and Infrastructure Developers, Energy and Utility Providers

UL Solutions logo

UL Solutions FAQ

Common questions about UL Solutions

UL Solutions is a global safety science leader providing testing, inspection, and certification (TIC) services alongside specialized software and advisory solutions. The company leverages its iconic UL Mark and deep technical expertise to help manufacturers and businesses navigate complex regulatory requirements, ensure product safety, and operationalize sustainability across the product lifecycle.

UL Solutions (ULS) has a market capitalization of $20.0B and trades on NYSE.

UL Solutions generated $3.1B in trailing twelve-month revenue with net income of $350.0M, representing a net margin of 11.3%. Gross margin stands at 49.9%, with free cash flow of $450.0M. These figures are based on the Q1 2026 filing.

UL Solutions's key competitors include Rockwell Automation, Inc., TE Connectivity plc, Sterling Infrastructure, Inc. Common Stock, and others. These companies compete in similar markets and product categories.

UL Solutions has approximately 15,233 employees.