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UL Solutions ULS Accounts Receivable, Credit Loss Expense (Reversal)

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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$15.76B+18.4%
Enterprise value$16.04B+15.9%
P/E45×+4.3×
P/S5.1×+0.6×

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

Reported directly by UL Solutions in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForDoubtfulAccounts.

The source filing: UL Solutions’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:23 PM EST
Fiscal year
FY2025
Accession
0001901440-26-000005
(in millions)Year Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization188172154
Stock-based compensation4723
Allowance for credit losses1194
Goodwill impairment37
Gains on divestitures(24)(2)
Losses on foreign exchange transactions10114
Deferred income taxes2(6)11

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is UL Solutions's accounts receivable, credit loss expense (reversal)?
UL Solutions (ULS) reported accounts receivable, credit loss expense (reversal) of $2.75M in Q4 2025.
How has UL Solutions's accounts receivable, credit loss expense (reversal) changed year-over-year?
UL Solutions's accounts receivable, credit loss expense (reversal) increased by 22.2% year-over-year, from $2.25M to $2.75M.
What is the long-term trend for UL Solutions's accounts receivable, credit loss expense (reversal)?
Over 2 years (2023 to 2025), UL Solutions's accounts receivable, credit loss expense (reversal) has grown at a 65.8% compound annual growth rate (CAGR), from $4M to $11M.

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