What is UL Solutions's SG&A?

UL Solutions (ULS) reported SG&A of $243M in Q1 2026.

How has UL Solutions's SG&A changed year-over-year?

UL Solutions's SG&A increased by 4.7% year-over-year, from $232M to $243M.

What is the long-term trend for UL Solutions's SG&A?

Over 3 years (2022 to 2025), UL Solutions's SG&A has grown at a 6.2% compound annual growth rate (CAGR), from $795M to $953M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

UL Solutions ULS SG&A

SG&A at other companies

FortiveFTV

$417.9M-25.9%

TIC Solutions TIC

$150.33M+277%

Applied Industrial TechnologiesAIT

$242.88M+7.5%

TE ConnectivityTEL

$536M+18.1%

ESO

Energy Services of AmericaESOA

$9.17M+12.3%

Advanced Energy IndustriesAEIS

$62.3M+5.6%

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

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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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: UL Solutions (ULS) reported SG&A of $243M in Q1 2026.
How has UL Solutions's SG&A changed year-over-year?: UL Solutions's SG&A increased by 4.7% year-over-year, from $232M to $243M.
What is the long-term trend for UL Solutions's SG&A?: Over 3 years (2022 to 2025), UL Solutions's SG&A has grown at a 6.2% compound annual growth rate (CAGR), from $795M to $953M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.