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 |
| Vol | 926.90K |
| As of | 25 Sep 2026 |
The Verdict
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/E | 26.63x |
| Forward P/E | 25.39x |
| EV / EBITDA | 18.59x |
| P / S (ttm) | 4.23x |
| Profit margin | 16.1% |
| Return on equity | 38.7% |
| Revenue growth | +5.2% |
| Earnings growth | +168.9% |
| Debt / equity | 29.38 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.62 |
|---|---|
| Corr SPX | 0.26 |
| Annual vol | 37.5% |
| Annual ret | +22.4% |
| Sharpe | 0.60 |
| 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 |
| Analysts | 12 |
| Strong Buy | 1 | |
|---|---|---|
| Buy | 6 | |
| Hold | 5 | |
| Sell | 0 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-07 | JP Morgan | → Neutral |
| 2026-05-07 | Citigroup | → Neutral |
| 2026-05-06 | Wells Fargo | → Overweight |
| 2026-05-06 | UBS | → Neutral |
| 2026-02-24 | Citigroup | → Neutral |
| 2026-02-20 | Wells Fargo | → Overweight |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-04 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-03 | Officer / Director Change | read |
| 2026-05-22 | Shareholder Vote | read |
| 2026-05-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-13 | Reg FD Disclosure, Other Material Event… | read |
| 2026-02-19 | Earnings Release, Exhibits | read |
| 2025-12-05 | Other Material Event, Exhibits | read |
| 2025-11-04 | Earnings Release, Restructuring… | read |
| 2025-10-28 | Material Agreement, Termination of Agreement… | read |
| 2025-08-14 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-08-05 | Earnings Release, Exhibits | read |
| 2025-05-22 | Shareholder Vote | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 6 |
| Top-5 share | 100.0% |
| HHI | 3,572 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $232.15M | 2.28M |
| Fidelity / FMR LLC | $141.47M | 1.39M |
| Capital Research / Capital World | $76.63M | 752.30K |
| Citadel Advisors | $16.13M | 158.40K |
| AQR Capital Management | $6.96M | 68.87K |
| T. Rowe Price Group | $136.32K | 1.34M |
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
The Long Run
FY 2024–2025 · 2 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $65.70 | $66.39 | $65.32 | $66.05 | 926.90K |
| Sep 24 | $65.86 | $66.29 | $65.11 | $65.81 | 782.10K |
| Sep 23 | $66.18 | $66.63 | $65.25 | $65.38 | 690.40K |
| Sep 22 | $66.95 | $67.27 | $66.01 | $66.65 | 1.74M |
| Sep 21 | $65.64 | $67.28 | $64.39 | $66.32 | 1.04M |
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