What is UL Solutions's gross profit?

UL Solutions (ULS) reported gross profit of $381M in Q1 2026.

How has UL Solutions's gross profit changed year-over-year?

UL Solutions's gross profit increased by 12.1% year-over-year, from $340M to $381M.

What is the long-term trend for UL Solutions's gross profit?

Over 3 years (2022 to 2025), UL Solutions's gross profit has grown at a 7.7% compound annual growth rate (CAGR), from $1.21B to $1.51B.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

UL Solutions ULS Gross Profit

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$380.8M+7.2%

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$1.05B-4.9%

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Other financials

Income statement

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Revenue$758.0M+7.5%

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$20.53B+35.1%

Enterprise value$20.81B+32.2%

P/E58.7×+12.2×

P/S6.6×+1.5×

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.

$758.0Mtotal revenue−$377.0Mtotal cost of revenue=$381M

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 gross profit?: UL Solutions (ULS) reported gross profit of $381M in Q1 2026.
How has UL Solutions's gross profit changed year-over-year?: UL Solutions's gross profit increased by 12.1% year-over-year, from $340M to $381M.
What is the long-term trend for UL Solutions's gross profit?: Over 3 years (2022 to 2025), UL Solutions's gross profit has grown at a 7.7% compound annual growth rate (CAGR), from $1.21B to $1.51B.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.