NYSE:ULS
UL Solutions Inc.
UL Solutions Inc.'s revenue grew 6.4% in fiscal 2025 to $3.1B while operating margin rose to 17.1%, its highest in 4 years. Free cash flow was $403.0M, 13.2% of revenue, and the diluted share count rose 1.0%.Summary generated from UL Solutions Inc.'s SEC filings. Latest annual report filed Feb 19, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$3.1B
Revenue growth+6.4%
Revenue, 5-yr CAGRn/a
Gross margin49.5%
Operating margin17.1%
Net margin10.6%
ROIC27.3%
Return on equity30.0%
Debt / equity0.39
Free cash flow$403.0M
FCF margin13.2%
Share count change+1.0%
Financials
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 2,520 | 2,678 | 2,870 | 3,053 |
| Operating income | 412 | 368 | 462 | 522 |
| Net income | 293 | 260 | 326 | 325 |
| Free cash flow | 208 | 252 | 287 | 403 |
Recent filings
- 4Insider transaction report
Oct 9, 2026 - 4Insider transaction report
Oct 7, 2026 - 8-KRegulation FD disclosure
Oct 1, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 4, 2026 - 8-KResults of operations and financial condition
Aug 4, 2026 - 8-KDirector or officer change
Jun 3, 2026 - 8-KResults of a shareholder vote
May 22, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 5, 2026