What is UL Solutions's retained earnings?

UL Solutions (ULS) reported retained earnings of $533M in Q1 2026.

How has UL Solutions's retained earnings changed year-over-year?

UL Solutions's retained earnings increased by 83.2% year-over-year, from $291M to $533M.

What is the long-term trend for UL Solutions's retained earnings?

Over 2 years (2023 to 2025), UL Solutions's retained earnings has grown at a 342.5% compound annual growth rate (CAGR), from $24M to $470M.

What does retained earnings mean?

Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.

UL Solutions ULS Retained Earnings

Retained Earnings at other companies

FortiveFTV

$5.69B-33.2%

TIC Solutions TIC

-$235.65M-77.5%

Applied Industrial TechnologiesAIT

$2.71B+14.0%

Tetra TechTTEK

$1.96B+13.4%

TE ConnectivityTEL

$13.9B+8.5%

ESO

Energy Services of AmericaESOA

-$1.35M+84.2%

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$18.48B+27.3%

Enterprise value$18.76B+24.7%

P/E52.8×+8.4×

P/S6×+1.0×

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

See full

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:RetainedEarningsAccumulatedDeficit.

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 retained earnings?: UL Solutions (ULS) reported retained earnings of $533M in Q1 2026.
How has UL Solutions's retained earnings changed year-over-year?: UL Solutions's retained earnings increased by 83.2% year-over-year, from $291M to $533M.
What is the long-term trend for UL Solutions's retained earnings?: Over 2 years (2023 to 2025), UL Solutions's retained earnings has grown at a 342.5% compound annual growth rate (CAGR), from $24M to $470M.
What does retained earnings mean?: Cumulative net income earned since inception minus all dividends paid — the total profits reinvested in the business over its lifetime.