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UL Solutions ULS Q3 2025 earnings

Reported November 4, 2025 · Before market open

Revenue$783.0MBeat by $12.1MDiluted EPS$0.56Beat by $0.09
Revenue estimate$770.9M
EPS estimate$0.47

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$816.1M
EPS estimate$0.56

Financials

Q3 2025

Income statement

See full
Revenue$783.0M+7.1%
Gross profit$394.0M+10.1%
Operating income$156.0M+20.0%
Net income$100.0M+13.6%
EPS (diluted)$0.49+11.4%

Balance sheet

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Cash & equivalents$255.0M-22.0%
Total debt$736.0M-25.4%
Total equity$1.2B+36.8%
Total assets$2.9B+0.7%

Cash flow

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Operating cash flow$155.0M+3.3%
CapEx$46.0M-30.3%
Free cash flow$109.0M+29.8%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$14.23B+44.4%
Enterprise value$14.72B+39.9%
P/E42×+9.4×
P/S4.7×+1.2×

Profitability

See full
Gross margin48.8%+0.4pp
Operating margin17.3%+1.9pp
Net margin11.3%+0.5pp
FCF margin13%+2.9pp

Returns & leverage

See full
Return on equity32.8%+3.5pp
Debt / equity0.6×-0.5×
Current ratio1.3×0.0×

Segments

By product

See full
Ongoing Certification Services$252.0M+5.9%
Non-certification Testing and Other Services$235.0M+6.8%
Certification Testing$224.0M+8.7%
Software$72.0M+7.5%

By segment

See full
Industrial$343.0M+8.2%
Consumer$340.0M+5.9%

Versus estimates

Revenue

Q1 2026$758.0MBeat by $9.5MQ4 2025$789.0MBeat by $6.6M
Q3 2025$783.0MBeat by $12.1M
Q2 2025$776.0MBeat by $7.2MQ1 2025$705.0MBeat by $754.3KQ4 2024$739.0MBeat by $34.8M

Diluted EPS

Q1 2026$0.50Beat by $0.08Q4 2025$0.53Beat by $0.08
Q3 2025$0.56Beat by $0.09
Q2 2025$0.52Beat by $0.05Q1 2025$0.37Beat by $0.05Q4 2024$0.49Beat by $0.11

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Questions, answered.

When did UL Solutions report Q3 2025 earnings?
UL Solutions (ULS) reported Q3 2025 earnings on November 4, 2025 before market open.
What were UL Solutions's Q3 2025 revenue and EPS?
UL Solutions reported revenue of $783.0M and diluted EPS of $0.56 for Q3 2025.
Did UL Solutions beat estimates in Q3 2025?
Revenue beat the consensus estimate of $770.9M by $12.1M. EPS beat the consensus estimate of $0.47 by $0.09.
How did UL Solutions's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.1% from $731.0M a year earlier and diluted EPS grew 27.3% from $0.44.
Where can I find UL Solutions's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001901440-25-000044) and the 10-Q periodic report (0001901440-25-000047) directly on SEC EDGAR. The filing index links above go to sec.gov.