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UL Solutions ULS Asset turnover

Asset turnover at other companies

Fortive logo
FortiveFTV
0.3×+0.1×
IES
IES Holdings, Inc.IESC
2.2×-0.4×
TE Connectivity logo
TE ConnectivityTEL
0.8×+0.1×
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
1.6×+0.1×
RBC Bearings logo
RBC BearingsRBC
0.4×0.0×
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
1.2×+0.1×

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$18.41B+52.6%
Enterprise value$18.69B+47.6%
P/E52.6×+16.8×
P/S5.9×+1.8×

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

Calculated from UL Solutions’s reported figures.

Based on trailing twelve months.

The official record: UL Solutions’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UL Solutions's asset turnover?
UL Solutions (ULS) reported asset turnover of 1.1× in Q1 2026.
How has UL Solutions's asset turnover changed year-over-year?
UL Solutions's asset turnover increased by 4.4% year-over-year, from 1× to 1.1×.
What does asset turnover mean?
How many sales dollars the company generates from each dollar of assets.
How do you interpret asset turnover?
Higher turnover means a more sales-efficient asset base. Low-margin businesses (retail, distribution) compete on high turnover; high-margin ones (software, luxury) on margin.
How does asset turnover compare across companies?
Compare within an industry — turnover differences across sectors reflect business models, not performance.