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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	49.9%+1.3pp	49.4%+0.9pp	48.8%+0.4pp	48.5%0.0pp	48.6%+0.5pp
Operating margin	17.7%+1.2pp	17.1%+1.0pp	17.3%+1.9pp	16.7%+2.5pp	16.5%+2.4pp
Net margin	11.3%-0.3pp	10.6%-0.7pp	11.3%+0.5pp	11.1%+1.4pp	11.6%+2.0pp
Returns
Return on equity	30.6%-10.5pp	30%-11.8pp	32.8%+3.5pp	35.1%—	41.1%—
Return on invested capital	25.7%—	24%—	25.4%—	——	——
Efficiency
Asset turnover	1.1×—	1.1×—	1×—	——	——
Liquidity
Current ratio	1.2×-0.1×	1.3×+0.1×	1.3×0.0×	1.3×—	1.2×—
Leverage
Debt-to-equity	0.4×-0.5×	0.5×-0.5×	0.6×-0.5×	0.7×—	0.9×—
Net debt / EBITDA	0.4×-0.5×	0.5×-0.5×	0.7×-0.4×	0.8×—	0.9×—
Per Share
Book value per share	$6.47+35.3%	$6.22+38.2%	$5.88+36.1%	$5.38+40.7%	$4.78+42.4%
Valuation
Market capitalization	$17.23B+52.6%	$15.85B—	$14.23B—	$14.62B—	$11.29B—
Price / earnings	49.2×+15.7×	48.8×—	42×—	44.7×—	33.5×—
Price / sales	5.5×+1.7×	5.2×—	4.7×—	5×—	3.9×—
Price / book	13.1×+1.4×	12.6×—	11.9×—	13.4×—	11.6×—
EV / EBITDA	23.6×+5.5×	22.9×—	20.9×—	22.5×—	18.1×—
Dividend yield	0.6%-0.3pp	0.7%—	0.7%—	0.7%—	0.9%—

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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.