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UL Solutions ULS Price / sales

Price / sales at other companies

Fortive logo
FortiveFTV
-2.1×
IES
IES Holdings, Inc.IESC
2.6×+1.6×
TE Connectivity logo
TE ConnectivityTEL
3.3×+0.6×
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
+0.1×
RBC Bearings logo
RBC BearingsRBC
9.2×+3.0×
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
4.3×+2.7×

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×

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 price / sales?
UL Solutions (ULS) reported price / sales of 5.5× in Q1 2026.
How has UL Solutions's price / sales changed year-over-year?
UL Solutions's price / sales increased by 42.8% year-over-year, from 3.9× to 5.5×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.