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UL Solutions ULS Consumer — Services and materials

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GDOTConsumer Services — Total Costs & Expenses
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MKLConsumer and Other — Services and other expenses
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WUConsumer Services — Direct Operating Costs
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MTXConsumer And Specialties — Cost of Goods Sold
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GDOTConsumer Services — Compensation and benefits expenses
$0

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$20.53B+35.1%
Enterprise value$20.81B+32.2%
P/E58.7×+12.2×
P/S6.6×+1.5×

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 uls:ServicesAndMaterials.

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 consumer — services and materials?
UL Solutions (ULS) reported consumer — services and materials of $90M in Q1 2026.
How has UL Solutions's consumer — services and materials changed year-over-year?
UL Solutions's consumer — services and materials increased by 8.4% year-over-year, from $83M to $90M.
What is the long-term trend for UL Solutions's consumer — services and materials?
Over 3 years (2022 to 2025), UL Solutions's consumer — services and materials has grown at a 3.3% compound annual growth rate (CAGR), from $314M to $346M.
What does consumer — services and materials mean?
Direct costs incurred by the Consumer segment to deliver testing and certification services, including third-party lab fees, testing materials, and specialized equipment supplies. These represent the variable costs of service delivery.