ULS

UL Solutions Inc.

Ticker: ULSIndustrialsProfessional Services
HQ NORTHBROOK, ILCIK 1901440FY end 12-31Book / share $7.82Shares 204M
Revenue (FY)
$3.05B+6.38%
TTM $3.15B
Op. margin
17.10%+1.00%
TTM 17.86%
Net income
$345.00M0.00%
TTM $529.00M
Operating cash
$600.00M+14.50%
TTM $678.00M
Free cash flow
$403.00M+40.42%
TTM $436.00M
Return on equity
27.98%-8.08%
TTM 31.72%
Debt / equity
0.39-0.43%
TTM 0.19
Shares outstanding
203.0M+1.00%
TTM 204.0M

The business

UL Solutions Inc. (NYSE: UL) is a global safety science leader providing Testing, Inspection and Certification (TIC) services along with complementary software and advisory solutions to customers worldwide. The company operates through three primary segments: Industrial, Consumer, and Software and Advisory (S&A). The Industrial segment serves end markets including energy, industrial automation, engineered materials, and built environment. The Consumer segment addresses product market acceptance and risk mitigation for consumer electronics, medical devices, information technology, appliances, HVAC, lighting, and emerging applications. The S&A segment provides software and technical advisory offerings enabling customers to manage regulatory requirements, supply chain transparency, and sustainability initiatives.

UL Solutions generates revenue across four service categories: Certification Testing (approximately 28% of revenue), Ongoing Certification Services (approximately 33%), Non-certification Testing and Other Services (approximately 30%), and Software (approximately 9%). The company serves more than 80,000 customers across over 110 countries and maintains more than 650 technical accreditations and 76 commercial software solutions. The company owns the iconic UL-in-a-circle certification mark, which appears on billions of products globally, and operates over 1,200 standards panels and technical committees.

As of December 31, 2025, UL Solutions employed 14,587 full-time employees and 264 part-time employees, with approximately 9,900 scientists, engineers, and specialized technical and regulatory experts. The company maintains a global network of laboratories and operates as the largest TIC services provider headquartered in North America by revenue. The company's history dates to 1894 as part of the Underwriters Electrical Bureau, with current operations structured as a public company following its initial public offering. UL Solutions maintains a 70% ownership stake in UL-CCIC, a joint venture with China Certification & Inspection Group Co., Ltd., which operates in mainland China. The company's website is https://ir.ul.com.

Sector
Industrials
Industry
Professional Services
HQ
NORTHBROOK, IL
FY end
12-31
CIK
1901440
SIC
8734
Financial performance · annual
20242025
$-314.60M$629.20M$1.57B$2.52B$3.46B20242025TTMTTMTTM

Ownership

Who holds UL Solutions Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

398
funds hold it
0 of 35
superinvestors hold it
$4.33B
fund-held value
55.4%
of shares held by funds
1
bond issues held by funds

Top fund holders

Fund% of fundValue
New Perspective Fund
ANWPX
0.23%$390.09M
T. Rowe Price Mid-Cap Growth Fund, Inc.
RPMGX · T. ROWE PRICE MID-CAP GROWTH FUND, INC.
1.22%$280.47M
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.22%$271.25M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$251.52M
SMALLCAP World Fund Inc
SMCWX
0.23%$220.68M

Bonds held by funds

Funds report holding 1 issues of UL Solutions Inc.'s debt, $80.66M at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 6.50%, maturing 20282028.

IssueCouponMaturesFundsFund-held
UL SOLUTIONS INC6.500%2028-10-2034$80.66M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of UL Solutions Inc.'s financials

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