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UL Solutions ULS Software and Advisory — Restructuring

Other segment segments

Consumer
-$1M0.0%
Industrial
$1M
Risk & Compliance Software
$0

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$3.75M-67.2%

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$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 us-gaap:RestructuringCharges.

The official record: UL Solutions’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UL Solutions's software and advisory — restructuring?
UL Solutions (ULS) reported software and advisory — restructuring of $500K in Q4 2025.
What is the long-term trend for UL Solutions's software and advisory — restructuring?
Over 2 years (2023 to 2025), UL Solutions's software and advisory — restructuring has grown at a 41.4% compound annual growth rate (CAGR), from $1M to $2M.
What does software and advisory — restructuring mean?
This metric captures the costs associated with reorganizing the Software and Advisory business segment to improve operational efficiency or align with strategic shifts. These expenses typically include severance payments, facility consolidation costs, and contract termination fees. Monitoring these costs helps investors understand the magnitude of management's efforts to streamline operations and reduce overhead.