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UL Solutions ULS Net margin

Net margin at other companies

Fortive logo
FortiveFTV
12.8%-6.7pp
Advanced Energy Industries logo
Advanced Energy IndustriesAEIS
10%+5.3pp
IES
IES Holdings, Inc.IESC
10.4%+2.4pp
TE Connectivity logo
TE ConnectivityTEL
15.5%+6.9pp
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
8.3%-0.3pp
RBC Bearings logo
RBC BearingsRBC
15.4%+0.3pp

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
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 net margin?
UL Solutions (ULS) reported net margin of 11.3% in Q1 2026.
How has UL Solutions's net margin changed year-over-year?
UL Solutions's net margin decreased by 2.9% year-over-year, from 11.6% to 11.3%.
What is the long-term trend for UL Solutions's net margin?
Over 3 years (2022 to 2025), UL Solutions's net margin has grown at a -2.9% compound annual growth rate (CAGR), from 11.6% to 10.6%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.