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Companies / Industrials / UL Solutions Inc.
ULS

UL Solutions Inc.

IndustrialsProfessional Services
Ticker ULSNORTHBROOK, ILFiscal year ends DecemberBook value per share $7.82Diluted shares 204.0M

UL Solutions Inc. (NYSE: ULS) provides testing, inspection and certification services, along with related software and advisory offerings, to manufacturers and other customers worldwide. Its services assess product safety, performance, quality, regulatory compliance and sustainability across industrial and consumer… From the company’s description.

In fiscal 2025, UL Solutions Inc. reported revenue of $3.05B, up 6.4% from fiscal 2024, and net income of $345.00M. Its operating margin was 17.1%, and operations generated $600.00M in cash. Over the twelve months to Jun 30, 2026, revenue was $3.15B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.05BFY2025
+6.4% year over year
Last 12 mo $3.15B
17.10%FY2025
+1 percentage points
Last 12 mo 17.86%
$345.00MFY2025
No change, year over year
Last 12 mo $529.00M
27.79%FY2025
−8.3 percentage points
Last 12 mo 31.72%
Cash & financing
$600.00MFY2025
+14.5% year over year
Last 12 mo $678.00M
$403.00MFY2025
+40.4% year over year
Last 12 mo $436.00M
0.39FY2025
Was 0.82× a year earlier
Last 12 mo 0.19
203.0MFY2025
+1.0% year over year
Last 12 mo 204.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What UL Solutions Inc. does

In the company’s own words

UL Solutions Inc. (NYSE: ULS) provides testing, inspection and certification services, along with related software and advisory offerings, to manufacturers and other customers worldwide. Its services assess product safety, performance, quality, regulatory compliance and sustainability across industrial and consumer markets; customers include manufacturers, building and asset owners, retailers and regulators. Through 2025, the company reports three segments: Industrial, serving energy, automation, materials and the built environment; Consumer, covering products such as electronics, medical devices, appliances, lighting and connected products; and Software and Advisory, which provides regulatory, supply-chain and sustainability software, data and advice. In 2025, revenue came from ongoing certification services (about 33%), non-certification testing and other services (30%), certification testing (28%) and software (9%). Its UL-in-a-circle mark appears on products worldwide, and its ULTRUS brand brings together flagship software offerings. The company traces its origins to 1894 and served more than 80,000 customers in over 110 countries in 2025; it employed 14,587 full-time workers at year-end. Its website is https://ir.ul.com.

Company details
Sector
Industrials
Industry (SIC)
Professional Services
Headquarters
NORTHBROOK, IL
Fiscal year end
December
CIK
1901440
SIC
8734

Financial performance, year by year

Fiscal 2024–2025 · USD
$-314.60M$629.20M$1.57B$2.52B$3.46B20242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns UL Solutions Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

398
funds hold it
0 of 35
superinvestors hold it
$4.33B
held by funds, at market
55.4%
of shares held by funds
1
bond issues held by funds

Largest fund holders · UL Solutions Inc.’s weight in each

0.23%of fund net assets
T. Rowe Price Mid-Cap Growth Fund, Inc.
RPMGX · T. ROWE PRICE MID-CAP GROWTH FUND, INC.
1.22%of fund net assets
iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.22%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
0.23%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

UL Solutions Inc.’s bonds, as funds hold them

Funds report holding 1 issues of UL Solutions Inc.’s debt, $80.66M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.50%, maturing 2028 to 2028.

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”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do UL Solutions Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of UL Solutions Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in UL Solutions Inc.'s last four quarterly filings that the numbers alone won't show?”
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