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UL Solutions ULS Accrued Expenses

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Other financials

Income statement

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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

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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

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Operating cash flow$219.0M+42.2%
CapEx$69.0M+35.3%
Free cash flow$150.0M+45.6%

Valuation

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Market cap$15.76B+18.4%
Enterprise value$16.04B+15.9%
P/E45×+4.3×
P/S5.1×+0.6×

Profitability

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Gross margin49.9%+1.3pp
Operating margin17.7%+1.2pp
Net margin11.3%-0.3pp
FCF margin14.5%+4.0pp

Returns & leverage

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Return on equity30.6%-10.5pp
Debt / equity0.4×-0.5×
Current ratio1.2×-0.1×

Where this comes from

Reported directly by UL Solutions in its filing.

Tagged under the XBRL concept us-gaap:EmployeeRelatedLiabilitiesCurrent.

The source filing: UL Solutions’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001901440-26-000012
(in millions, except share and per share data)March 31, 2026December 31, 2025
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable$168$183
Accrued compensation and benefits188282
Operating lease liabilities - current4143
Contract liabilities410173
Other current liabilities9279
Total current liabilities899760

ITEM 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is UL Solutions's accrued expenses?
UL Solutions (ULS) reported accrued expenses of $188M in Q1 2026.
How has UL Solutions's accrued expenses changed year-over-year?
UL Solutions's accrued expenses increased by 14.6% year-over-year, from $164M to $188M.
What is the long-term trend for UL Solutions's accrued expenses?
Over 2 years (2023 to 2025), UL Solutions's accrued expenses has grown at a 0.2% compound annual growth rate (CAGR), from $281M to $282M.
What does accrued expenses mean?
Expenses incurred but not yet paid or invoiced — interest accruals, tax accruals, warranty reserves, and other timing differences.

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