Inside the research

UL Solutions Inc.

ULS Research profile · latest available data

Price overview

$66.05

▲ +0.24 (+0.4%)

52w hi$104.53
52w lo$64.03
Vol926.90K
As of25 Sep 2026

The Verdict

Hold

Our score -0.29

Short-0.41
Medium-0.35
Long+0.05

computed 2026-09-27

Key fundamentals

UL Solutions Inc.

Industrials · Specialty Business Services

Market cap$13.34B
Enterprise value$13.40B
Trailing P/E26.63x
Forward P/E25.39x
EV / EBITDA18.59x
P / S (ttm)4.23x
Profit margin16.1%
Return on equity38.7%
Revenue growth+5.2%
Earnings growth+168.9%
Debt / equity29.38

Layer Breakdown

LayerRawContribution
Fundamental+0.32
Sector-0.01
Technical-0.37
Earnings+0.00
Sentiment+0.07

macro × 1.00 · 2026-09-27

Business overview

UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification services and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building and asset owners, end users, and regulators. The Consumer segment offers safety certification testing, ongoing certification, global market access, testing for connectivity, performance and quality, and critical systems advisory and training services, as well as product market acceptance and risk mitigation services for customers in the consumer products end markets comprising consumer electronics, medical devices, information technologies, appliances, HVAC, lighting, and retail, as well as consumer applications, such as new mobility, smart products, and 5G. The Software and Advisory segment provide software and technical advisory services that enable customers to manage regulatory requirements, deliver supply chain transparency, and operationalize sustainability. It offers ULTRUS, a software that helps customers meet regulatory, supply chain, and sustainability challenges. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in December 2021. The company was founded in 1894 and is headquartered in Northbrook, Illinois. UL Solutions Inc. operates as a subsidiary of ULSE Inc.

United States · www.ul.com

Risk Metrics

Beta vs SPX0.62
Corr SPX0.26
Annual vol37.5%
Annual ret+22.4%
Sharpe0.60
Max DD-39.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$107.45
High / Low$120.00 / $78.00
Median$109.00
Analysts12
Strong Buy1
Buy6
Hold5
Sell0
Strong Sell1

Recent rating actions

2026-05-07JP Morgan→ Neutral
2026-05-07Citigroup→ Neutral
2026-05-06Wells Fargo→ Overweight
2026-05-06UBS→ Neutral
2026-02-24Citigroup→ Neutral
2026-02-20Wells Fargo→ Overweight

Material Events

DateEvent8-K
2026-08-04Earnings Release, Reg FD Disclosure…read
2026-06-03Officer / Director Changeread
2026-05-22Shareholder Voteread
2026-05-05Earnings Release, Reg FD Disclosure…read
2026-04-13Reg FD Disclosure, Other Material Event…read
2026-02-19Earnings Release, Exhibitsread
2025-12-05Other Material Event, Exhibitsread
2025-11-04Earnings Release, Restructuring…read
2025-10-28Material Agreement, Termination of Agreement…read
2025-08-14Officer / Director Change, Reg FD Disclosure…read
2025-08-05Earnings Release, Exhibitsread
2025-05-22Shareholder Voteread

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders6
Top-5 share100.0%
HHI3,572 (concentrated)

Top Holders

HolderValueShares
State Street Corp$232.15M2.28M
Fidelity / FMR LLC$141.47M1.39M
Capital Research / Capital World$76.63M752.30K
Citadel Advisors$16.13M158.40K
AQR Capital Management$6.96M68.87K
T. Rowe Price Group$136.32K1.34M

As of 2026-06-30

Dividends

Yield (TTM)0.42%
$ / share (TTM)$0.28
5y CAGR—

Annual dividend per share

2024$0.38
2025$0.52
2026$0.14

SEC Filings

DateFormDoc
2026-08-104view
2026-08-054view
2026-08-0410-Qview
2026-08-048-Kview
2026-07-084view
2026-07-084view
2026-07-024view
2026-06-104view
2026-06-104view
2026-06-104view
2026-06-104view
2026-06-104view
2026-06-104view
2026-06-104view
2026-06-104view

The Long Run

FY 2024–2025 · 2 years

LineLatestCAGRTrend
Revenue$2.68B+0.0%
Operating income$522.00M+13.0%
Net income$325.00M-0.3%
Cash from ops$467.00M+25.5%

Indices

S&P MidCap 400

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$65.70$66.39$65.32$66.05926.90K
Sep 24$65.86$66.29$65.11$65.81782.10K
Sep 23$66.18$66.63$65.25$65.38690.40K
Sep 22$66.95$67.27$66.01$66.651.74M
Sep 21$65.64$67.28$64.39$66.321.04M

Understand the score. Research layers are inputs to a model, and the available data has limits.

Read the methodology →