What are UL Solutions's profit margins?

UL Solutions (ULS) runs a 49.9% gross margin and a 17.7% operating margin, with a 11.3% net margin.

Where do UL Solutions's ratios come from?

Every ratio is computed from UL Solutions's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

UL Solutions ULS Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	49.9%+0.5pp	49.4%+0.6pp	48.8%+0.4pp	48.5%-0.2pp	48.6%+0.1pp
Operating margin	17.7%+0.6pp	17.1%-0.2pp	17.3%+0.6pp	16.7%+0.2pp	16.5%+0.4pp
Net margin	11.3%+0.6pp	10.6%-0.6pp	11.3%+0.2pp	11.1%-0.5pp	11.6%+0.2pp
Returns
Return on equity	30.6%+0.6pp	30%-2.8pp	32.8%-2.3pp	35.1%-5.9pp	41.1%-0.8pp
Return on invested capital	25.7%+1.7pp	24%-1.4pp	25.4%-0.7pp	26.2%-0.8pp	27%+0.9pp
Efficiency
Asset turnover	1.1×0.0×	1.1×0.0×	1×0.0×	1×0.0×	1×0.0×
Liquidity
Current ratio	1.2×-0.2×	1.3×0.0×	1.3×0.0×	1.3×+0.1×	1.2×0.0×
Leverage
Debt-to-equity	0.4×-0.1×	0.5×-0.1×	0.6×-0.1×	0.7×-0.1×	0.9×-0.2×
Net debt / EBITDA	0.4×-0.2×	0.5×-0.1×	0.7×-0.1×	0.8×-0.1×	0.9×-0.1×
Per Share
Book value per share	$6.47+4.0%	$6.22+5.8%	$5.88+9.1%	$5.38+12.7%	$4.78+6.2%
Valuation
Market capitalization	$17.23B+8.7%	$15.85B+11.4%	$14.23B-2.6%	$14.62B+29.5%	$11.29B+13.1%
Price / earnings	49.2×+0.5×	48.8×+6.8×	42×-2.7×	44.7×+11.2×	33.5×+2.9×
Price / sales	5.5×+0.4×	5.2×+0.5×	4.7×-0.2×	5×+1.1×	3.9×+0.4×
Price / book	13.1×+0.5×	12.6×+0.6×	11.9×-1.4×	13.4×+1.7×	11.6×+0.6×
EV / EBITDA	23.6×+0.8×	22.9×+1.9×	20.9×-1.5×	22.5×+4.4×	18.1×+1.3×
Dividend yield	0.6%0.0pp	0.7%-0.1pp	0.7%0.0pp	0.7%-0.2pp	0.9%-0.1pp

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Questions, answered.

What are UL Solutions's profit margins?: UL Solutions (ULS) runs a 49.9% gross margin and a 17.7% operating margin, with a 11.3% net margin.
Where do UL Solutions's ratios come from?: Every ratio is computed from UL Solutions's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.