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UL Solutions ULS EV / EBITDA

EV / EBITDA at other companies

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FortiveFTV
24.7×-10.9×
IES
IES Holdings, Inc.IESC
21×+12.4×
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TE ConnectivityTEL
14.1×+2.4×
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
17.1×+1.2×
RBC Bearings logo
RBC BearingsRBC
31.7×+10.8×
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
21.6×+12.5×

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 the most recent quarter.

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 EV / EBITDA?
UL Solutions (ULS) reported EV / EBITDA of 23.6× in Q1 2026.
How has UL Solutions's EV / EBITDA changed year-over-year?
UL Solutions's EV / EBITDA increased by 30.7% year-over-year, from 18.1× to 23.6×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.