What is UL Solutions's industrial — goodwill?

UL Solutions (ULS) reported industrial — goodwill of $374M in Q1 2026.

How has UL Solutions's industrial — goodwill changed year-over-year?

UL Solutions's industrial — goodwill increased by 8.7% year-over-year, from $344M to $374M.

What does industrial — goodwill mean?

Represents the intangible asset value recorded when the Industrial segment acquires another business for a price exceeding the fair market value of its net identifiable assets. This reflects the premium paid for brand reputation, customer relationships, and proprietary technology within the industrial testing and certification market.

UL Solutions ULS Industrial — Goodwill

Other segment segments

Consumer

$232M+1.8%

Risk & Compliance Software

$37M—

Similar metrics at other companies

VREXIndustrial — Goodwill

$118.2M—

GGGIndustrial — Goodwill

$273.83M+24.5%

MOG.BIndustrial — Goodwill

$366.59M+2.9%

MKLIndustrial — Goodwill

$855.27M-3.5%

RBCIndustrial — Goodwill

$1.68B+0.2%

WWDIndustrial — Goodwill

$352.61M+4.8%

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

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:Goodwill.

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 industrial — goodwill?: UL Solutions (ULS) reported industrial — goodwill of $374M in Q1 2026.
How has UL Solutions's industrial — goodwill changed year-over-year?: UL Solutions's industrial — goodwill increased by 8.7% year-over-year, from $344M to $374M.
What does industrial — goodwill mean?: Represents the intangible asset value recorded when the Industrial segment acquires another business for a price exceeding the fair market value of its net identifiable assets. This reflects the premium paid for brand reputation, customer relationships, and proprietary technology within the industrial testing and certification market.