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UL Solutions ULS Q4 2025 Annual earnings

Reported February 19, 2026 · Before market open

Revenue estimate$782.4M
EPS estimate$0.45

Next report

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

Financials

Q4 2025

Income statement

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Revenue$789.0M+6.8%
Gross profit$392.0M+12.3%
Operating income$118.0M+2.6%
Net income$67.0M-17.3%
EPS (diluted)$0.33-17.5%

Balance sheet

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Cash & equivalents$295.0M-1.0%
Total debt$683.0M-27.0%
Total equity$1.3B+39.6%
Total assets$2.9B+4.3%

Cash flow

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Operating cash flow$144.0M+10.8%
CapEx$58.0M0.0%
Free cash flow$86.0M+19.4%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$15.85B+58.8%
Enterprise value$16.24B+52.9%
P/E48.8×+18.2×
P/S5.2×+1.7×

Profitability

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Gross margin49.4%+0.9pp
Operating margin17.1%+1.0pp
Net margin10.6%-0.7pp
FCF margin13.2%+3.2pp

Returns & leverage

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Return on equity30%-11.8pp
Debt / equity0.5×-0.5×
Current ratio1.3×+0.1×

Segments

By product

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Ongoing Certification Services$259.0M+4.4%
Non-certification Testing and Other Services$232.0M+5.0%
Certification Testing$223.0M+12.1%
Software$75.0M+5.6%

By geography

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Asia Pacific$132.0M+21.1%
Europe, Middle East and Africa$111.0M+1.8%
Other Americas$25.0M-3.8%

By segment

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Industrial$352.0M+7.3%
Consumer$335.0M+8.4%

Versus estimates

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Questions, answered.

When did UL Solutions report Q4 2025 earnings?
UL Solutions (ULS) reported Q4 2025 earnings on February 19, 2026 before market open.
What were UL Solutions's Q4 2025 revenue and EPS?
UL Solutions reported revenue of $789.0M and diluted EPS of $0.53 for Q4 2025.
Did UL Solutions beat estimates in Q4 2025?
Revenue beat the consensus estimate of $782.4M by $6.6M. EPS beat the consensus estimate of $0.45 by $0.08.
How did UL Solutions's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 6.8% from $739.0M a year earlier and diluted EPS grew 8.2% from $0.49.
Where can I find UL Solutions's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001901440-26-000003) and the 10-K periodic report (0001901440-26-000005) directly on SEC EDGAR. The filing index links above go to sec.gov.