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UL Solutions ULS Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin49.9%+0.5pp49.4%+0.6pp48.8%+0.4pp48.5%-0.2pp48.6%+0.1pp
Operating margin17.7%+0.6pp17.1%-0.2pp17.3%+0.6pp16.7%+0.2pp16.5%+0.4pp
Net margin11.3%+0.6pp10.6%-0.6pp11.3%+0.2pp11.1%-0.5pp11.6%+0.2pp
EBITDA margin23.9%+0.6pp23.3%-0.2pp23.4%+0.6pp22.8%+0.3pp22.6%+0.5pp
Free cash flow margin14.5%+1.3pp13.2%+0.2pp13%+0.6pp12.3%+1.8pp10.5%+0.5pp
Returns
Return on equity30.6%+0.6pp30%-2.8pp32.8%-2.3pp35.1%-5.9pp41.1%-0.8pp
Return on assets12%+0.6pp11.4%-0.4pp11.7%+0.2pp11.5%-0.3pp11.8%+0.1pp
Return on invested capital25.7%+1.7pp24%-1.4pp25.4%-0.7pp26.2%-0.8pp27%+0.9pp
Efficiency
Asset turnover1.1×0.0×1.1×0.0×1×0.0×1×0.0×1×0.0×
Liquidity
Current ratio1.2×-0.2×1.3×0.0×1.3×0.0×1.3×+0.1×1.2×0.0×
Quick ratio1.2×-0.2×1.3×0.0×1.3×0.0×1.3×+0.1×1.2×0.0×
Cash ratio0.3×-0.1×0.4×0.0×0.3×0.0×0.4×0.0×0.3×-0.1×
Leverage
Debt-to-equity0.4×-0.1×0.5×-0.1×0.6×-0.1×0.7×-0.1×0.9×-0.2×
Debt-to-assets0.2×-0.1×0.2×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Net debt / EBITDA0.4×-0.2×0.5×-0.1×0.7×-0.1×0.8×-0.1×0.9×-0.1×
Interest coverage14.9×+2.2×12.7×+1.2×11.5×+1.5×10.1×+0.8×9.2×+0.8×
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%
Enterprise value$17.51B+7.8%$16.24B+10.4%$14.72B-2.9%$15.15B+27.7%$11.87B+11.7%
Price / earnings49.2×+0.5×48.8×+6.8×42×-2.7×44.7×+11.2×33.5×+2.9×
Price / sales5.5×+0.4×5.2×+0.5×4.7×-0.2×5×+1.1×3.9×+0.4×
Price / book13.1×+0.5×12.6×+0.6×11.9×-1.4×13.4×+1.7×11.6×+0.6×
EV / EBITDA23.6×+0.8×22.9×+1.9×20.9×-1.5×22.5×+4.4×18.1×+1.3×
EV / sales5.6×+0.3×5.3×+0.4×4.9×-0.2×5.1×+1.0×4.1×+0.4×
Free cash flow yield2.6%+0.1pp2.5%-0.2pp2.7%+0.2pp2.5%-0.2pp2.7%-0.2pp
Earnings yield2%0.0pp2.1%-0.3pp2.4%+0.1pp2.2%-0.7pp3%-0.3pp
Dividend yield0.6%0.0pp0.7%-0.1pp0.7%0.0pp0.7%-0.2pp0.9%-0.1pp
PEG ratio12.8×———3.5×+1.5×2×+0.9×1.2×-0.1×

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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.