What is UL Solutions's market cap?

UL Solutions (ULS) has a market capitalization of $17.4B and trades on NYSE.

What is UL Solutions's revenue and profitability?

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.

Who are UL Solutions's competitors?

UL Solutions's key competitors include Universal Safety Products, Inc., Fortive Corporation, TIC Solutions, Inc, and others. These companies compete in similar markets and product categories.

Who does UL Solutions partner with?

UL Solutions's notable partners include UL Standards & Engagement.

Where is UL Solutions headquartered?

UL Solutions is headquartered in United States of America and employs approximately 15,233 people. It has been publicly traded since 2024.

UL Solutions

ULS

UL Solutions is a global safety science leader providing testing, inspection, and certification (TIC) services alongside specialized software and advisory solutions.

Market cap

$17.4B+22.8%

Revenue$3.1B+6.9%

Net income$350.0M+3.9%

Free cash flow$450.0M+47.1%

EPS (diluted)$1.72+3.0%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 5, 2026

Revenue$758.0MBeat by $9.5M EPS$0.50Beat by $0.08

Read the full report

Next report

Aug 4, 2026 (In 3 weeks)

Revenue estimate$816.1M

EPS estimate$0.56

Financials

Q1 2026

Income statement

See full

Revenue$758.0M+7.5%

Gross profit$381.0M+12.1%

Operating income$138.0M+26.6%

Net income$92.0M+37.3%

EPS (diluted)$0.45+36.4%

Balance sheet

See full

Cash & equivalents$258.0M-3.4%

Total debt$539.0M-36.1%

Total equity$1.3B+36.0%

Total assets$3.0B+2.7%

Cash flow

See full

Operating cash flow$219.0M+42.2%

CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation & ratios

Valuation

See full

Market cap$17.4B+22.8%

Enterprise value$17.68B+20.3%

P/E49.7×+6.4×

P/S5.6×+0.8×

Profitability

See full

Gross margin49.9%+1.3pp

Operating margin17.7%+1.2pp

Net margin11.3%-0.3pp

FCF margin14.5%+4.0pp

Returns & leverage

See full

Return on equity30.6%-10.5pp

Debt / equity0.4×-0.5×

Current ratio1.2×-0.1×

Segments

By product

See full

Ongoing Certification Services$265.0M+8.2%

Certification Testing$211.0M+11.6%

Non-certification Testing and Other Services$209.0M+3.0%

Software$73.0M+7.4%

By segment

See full

Industrial$375.0M+10.3%

Consumer$318.0M+4.6%

Risk & Compliance Software$65.0M—

Competitors

By market cap

TE Connectivity$57.3B+10.8%

Fortive$18.7B+3.6%

UL Solutions$17.4B+22.8%

Applied Industrial Technologies$11.7B+24.7%

Tetra Tech$8.0B-17.1%

TIC Solutions $1.8B+27.2%

ESO

Energy Services of America$312.4M+78.8%

Universal Security Instruments$11.8M+53.8%

By revenue growth

ESO

Energy Services of America+19.9%

TE Connectivity+16.7%

TIC Solutions +8.7%

Applied Industrial Technologies+7.5%

UL Solutions+6.9%

Fortive+3.6%

Tetra Tech-6.1%

By net margin

TE Connectivity15.54%+6.9pp

Fortive12.84%-6.7pp

UL Solutions11.27%-0.3pp

Tetra Tech8.59%+5.1pp

Applied Industrial Technologies8.34%-0.3pp

ESO

Energy Services of America1.9%—

TIC Solutions -5.77%+9.0pp

Profile

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.

Competitive position

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

GeographiesNorth America, Global

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

Business modelService-based, B2B Software-as-a-Service, Advisory and Consulting

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

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

CountryUnited States of America

Listed2024

Employees15.2K

CEOJennifer F. Scanlon

SectorIndustrials

IndustrySpecialty Business Services

Websiteul.com

FilingsSEC EDGAR

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Questions, answered.

What is UL Solutions's market cap?: UL Solutions (ULS) has a market capitalization of $17.4B and trades on NYSE.
What is UL Solutions's revenue and profitability?: 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.
Who are UL Solutions's competitors?: UL Solutions's key competitors include Universal Safety Products, Inc., Fortive Corporation, TIC Solutions, Inc, and others. These companies compete in similar markets and product categories.
Who does UL Solutions partner with?: UL Solutions's notable partners include UL Standards & Engagement.
Where is UL Solutions headquartered?: UL Solutions is headquartered in United States of America and employs approximately 15,233 people. It has been publicly traded since 2024.