UL Solutions Inc. (ULS)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 2,301 | 2,517 | 2,520 | 2,678 | 2,870 | 3,053 | 3,146 | 3,213 |
| Operating profit | $m | 522 | 562 | ||||||
| Net profit | $m | 231 | 224 | 293 | 260 | 326 | 325 | 504 | 470 |
| EPS reported | $ | 1.60 | 2.47 | ||||||
| Operating cashflow per share | $ | 2.99 | 3.37 | ||||||
| Capex per share | $ | 0.98 | 1.20 | ||||||
| FCF per share | $ | 2.00 | 2.17 | ||||||
| Free cash flow | $m | 403 | 436 | ||||||
| Net debt | $m | 388 | -58 | ||||||
| Book value equity | $m | 1,262 | 1,595 | ||||||
| Book value per share | $ | 6.22 | 7.82 | ||||||
| Number of shares | m | 203 | 204 | ||||||
| DPS (TTM paid) | $ | 0.52 | 0.57 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 49.29 | 26.74 | ||||||
| P/B LTM | x | 12.56 | 9.94 | ||||||
| P/S LTM | x | 5.19 | 5.04 | ||||||
| P/FCF LTM | x | 39.33 | 36.36 | ||||||
| EV/EBITDA LTM | x | 22.20 | 16.75 | ||||||
| EV/Sales LTM | x | 5.37 | 5.01 | ||||||
| Earnings Yield LTM | % | +2.03% | +3.74% | ||||||
| FCF Yield | % | +2.54% | +2.75% | ||||||
| Quality | |||||||||
| ROE | % | +25.75% | +37.55% | ||||||
| ROIC | % | +17.71% | +17.68% | ||||||
| Operating margin | % | +17.11% | +17.88% | ||||||
| Gross margin | % | +49.06% | +50.15% | ||||||
| FCF/Sales | % | +13.20% | +13.86% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | -1.23% | +52.47% | ||||||
| Sales Growth YoY | % | +6.38% | +9.62% | ||||||
| Net Income Growth YoY | % | -0.31% | +54.60% | ||||||
| FCF Growth | % | +40.42% | +51.92% | ||||||
| Operating Profit Growth | % | +13.06% | +21.72% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +0.66% | +0.71% | ||||||
| Dividend Growth | % | +38.67% | +50.67% | ||||||
| Payout Ratio | % | +32.02% | +21.86% | ||||||
| FCF/Debt | x | 0.48 | 0.79 | ||||||
| Net Debt/EBITDA | x | 0.73 | 0.13 | ||||||
| EBIT/Net interest | x | 12.74 | 17.57 | ||||||
| Net debt/market cap | % | +4.31% | +2.40% | ||||||
| Net debt/Equity | x | 0.31 | -0.04 | ||||||
| Gross debt/equity | x | 0.66 | 0.35 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
UL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory. The Industrial division provides comprehensive testing, inspection, and certification services. These offerings serve a wide range of markets, including energy, industrial automation, engineered materials, and the built environment, supporting various parties such as manufacturers, building owners, end-users, and regulatory authorities. Within the Consumer segment, UL Solutions delivers diverse services, including safety certification testing, ongoing compliance monitoring, and assistance with global market access. It also conducts evaluations for connectivity, performance, and quality, alongside offering critical systems advisory and training. Furthermore, this segment aids clients with product market acceptance and risk mitigation. Its customer base includes industries producing consumer electronics, medical devices, information technologies, appliances, HVAC systems, lighting, and retail goods, as well as those involved in emerging consumer applications like new mobility, smart products, and 5G technology. The Software and Advisory segment offers specialized software solutions and technical consulting. These services enable clients in heavily regulated industries, such as life sciences, to manage intricate regulatory obligations, improve transparency within their supply chains, and embed sustainability into their operations, particularly concerning new ESG (Environmental, Social, and Governance) and sustainability directives. A key offering is the ULTRUS software brand, designed to help customers achieve faster time-to-market, enhance sustainability, and strengthen safety protocols. Founded in 1894, the company was formerly known as UL Inc. before rebranding to UL Solutions Inc. in June 2022. Headquartered in Northbrook, Illinois, UL Solutions Inc. boasts a significant international presence with offices spanning North America, Asia Pacific, Africa, Europe, Latin America, and the Middle East. It operates as a subsidiary of ULSE Inc.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
UL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory. The Industrial division provides comprehensive testing, inspection, and certification services. These offerings serve a wide range of markets, including energy, industrial automation, engineered materials, and the built environment, supporting various parties such as manufacturers, building owners, end-users, and regulatory authorities. Within the Consumer segment, UL Solutions delivers diverse services, including safety certification testing, ongoing compliance monitoring, and assistance with global market access. It also conducts evaluations for connectivity, performance, and quality, alongside offering critical systems advisory and training. Furthermore, this segment aids clients with product market acceptance and risk mitigation. Its customer base includes industries producing consumer electronics, medical devices, information technologies, appliances, HVAC systems, lighting, and retail goods, as well as those involved in emerging consumer applications like new mobility, smart products, and 5G technology. The Software and Advisory segment offers specialized software solutions and technical consulting. These services enable clients in heavily regulated industries, such as life sciences, to manage intricate regulatory obligations, improve transparency within their supply chains, and embed sustainability into their operations, particularly concerning new ESG (Environmental, Social, and Governance) and sustainability directives. A key offering is the ULTRUS software brand, designed to help customers achieve faster time-to-market, enhance sustainability, and strengthen safety protocols. Founded in 1894, the company was formerly known as UL Inc. before rebranding to UL Solutions Inc. in June 2022. Headquartered in Northbrook, Illinois, UL Solutions Inc. boasts a significant international presence with offices spanning North America, Asia Pacific, Africa, Europe, Latin America, and the Middle East. It operates as a subsidiary of ULSE Inc.
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