What is UL Solutions's operating income?

UL Solutions (ULS) reported operating income of $138M in Q1 2026.

How has UL Solutions's operating income changed year-over-year?

UL Solutions's operating income increased by 26.6% year-over-year, from $109M to $138M.

What is the long-term trend for UL Solutions's operating income?

Over 3 years (2022 to 2025), UL Solutions's operating income has grown at a 8.2% compound annual growth rate (CAGR), from $412M to $522M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

UL Solutions ULS Operating Income

Operating Income at other companies

FortiveFTV

$191.7M+16.0%

TIC Solutions TIC

-$29.06M-208%

Applied Industrial TechnologiesAIT

$137.93M+6.6%

Tetra TechTTEK

$131.52M+232%

TE ConnectivityTEL

$954M+27.5%

ESO

Energy Services of AmericaESOA

$1.06M+113%

Segments

By segment

See full

Industrial$101M+21.7%

Consumer$30M+36.4%

Risk & Compliance Software$7M—

Other financials

Income statement

See full

Revenue$758.0M+7.5%

Gross profit$381.0M+12.1%

Net income$92.0M+37.3%

EPS (diluted)$0.45+36.4%

Balance sheet

See full

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

See full

Operating cash flow$219.0M+42.2%

CapEx$69.0M+35.3%

Free cash flow$150.0M+45.6%

Valuation

See full

Market cap$20.53B+35.1%

Enterprise value$20.81B+32.2%

P/E58.7×+12.2×

P/S6.6×+1.5×

Profitability

See full

Gross margin49.9%+1.3pp

Operating margin17.7%+1.2pp

Net margin11.3%-0.3pp

FCF margin14.5%+4.0pp

Returns & leverage

See full

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:OperatingIncomeLoss.

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 operating income?: UL Solutions (ULS) reported operating income of $138M in Q1 2026.
How has UL Solutions's operating income changed year-over-year?: UL Solutions's operating income increased by 26.6% year-over-year, from $109M to $138M.
What is the long-term trend for UL Solutions's operating income?: Over 3 years (2022 to 2025), UL Solutions's operating income has grown at a 8.2% compound annual growth rate (CAGR), from $412M to $522M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.