UL Solutions Inc.

Listed Company

ULSCIK 0001901440NYSELarge AcceleratedServices-Testing LaboratoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.05B

Net Income

$325.00M

Total Assets

$2.92B

Equity

$1.26B

Shares Out

201.03M

Op. Cash Flow

$600.00M

ULS$87.80+25.32% · past yearDBEQ Basic

Daily closing prices

Business

UL Solutions Inc. is a global testing, inspection and certification (TIC) services provider delivering product safety, security and sustainability solutions to over 80,000 customers across 110+ countries. The company offers certification testing, ongoing certification services, non-certification testing, and complementary software and advisory solutions through its Industrial, Consumer, and Software & Advisory segments. UL Solutions distributes services globally through a network of laboratories and serves customers across energy, industrial automation, consumer electronics, medical devices, appliances, lighting and retail markets.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Revenue	3,053	2,870	2,678	2,520
Cost of revenue	1,543	1,478	1,394	1,313
Selling, general and administrative expenses	953	931	875	795
Goodwill impairment	0	0	37	0
Restructuring	35	−1	4	—
Operating income	522	462	368	412
Interest expense	−41	−55	−35	−17
Other (expense) income, net	−11	8	13	−12
Income before income taxes	470	415	346	383
Income tax expense	125	70	70	74
Net income	345	345	276	309
Less: net income attributable to non-controlling interests	20	19	16	16
Net income attributable to stockholders of UL Solutions	325	326	260	293
Basic (in dollars per share)	1.62	1.63	1.3	1.47
Diluted (in dollars per share)	1.6	1.62	1.3	1.47
Basic (in shares)	201	200	200	200
Diluted (in shares)	203	201	200	200

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	295	298	315	—	—
Accounts receivable, net of allowance of $12 and $9	422	380	362	—	—
Contract assets, net of allowance of $2 and $1	204	182	179	—	—
Other current assets	79	61	97	—	—
Total current assets	1,000	921	953	—	—
Property, plant and equipment, net of accumulated depreciation of $879 and $772	699	631	555	—	—
Goodwill	656	633	623	647	—
Intangible assets, net of accumulated amortization of $256 and $239	48	58	72	—	—
Operating lease right-of-use assets	179	186	151	—	—
Deferred income taxes	94	108	110	—	—
Capitalized software, net of accumulated amortization of $475 and $427	105	127	139	—	—
Other assets	140	136	133	—	—
Total Assets	2,921	2,800	2,736	—	—
Current portion of long-term debt	0	50	0	—	—
Accounts payable	183	182	169	—	—
Accrued compensation and benefits	282	254	281	—	—
Operating lease liabilities - current	43	38	39	—	—
Contract liabilities	173	162	162	—	—
Other current liabilities	79	54	58	—	—
Total current liabilities	760	740	709	—	—
Long-term debt	491	692	904	—	—
Pension and postretirement benefit plans	134	196	232	—	—
Operating lease liabilities	149	155	120	—	—
Other liabilities	93	86	93	—	—
Total Liabilities	1,627	1,869	2,058	—	—
Commitments and contingencies (Note 19)	—	—	—	—	—
Additional paid-in capital	887	821	776	—	—
Retained earnings	470	250	24	—	—
Accumulated other comprehensive loss	−95	−167	−146	—	—
Total stockholders equity before non-controlling interests	1,262	904	654	—	—
Non-controlling interests	32	27	24	—	—
Total Stockholders Equity	1,294	931	678	1,077	2,332
Total Liabilities and Stockholders Equity	2,921	2,800	2,736	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Depreciation and amortization	188	172	154	135
Gains on divestitures	0	−24	−2	0
Stock-based compensation	47	23	0	0
Charged to Costs and Expenses	11	9	4	—
Losses on foreign exchange transactions	10	11	4	18
Deferred income taxes	2	−6	11	10
Other, net	8	11	1	8
Accounts receivable	−32	−31	6	−15
Contract and other assets	−22	3	−33	−12
Accounts payable	−13	13	1	−18
Accrued expenses	80	7	−28	−85
Pension and postretirement benefit plans	−35	−9	4	19
Contract and other liabilities	11	0	32	3
Net cash flows provided by operating activities	600	524	467	372
Capital expenditures	−197	−237	−215	−164
Acquisitions, net of cash acquired	−1	−26	−18	−66
Proceeds from divestitures	0	29	4	0
Sales of investments	51	0	144	155
Purchases of investments	−58	0	−95	−162
Other investing activities, net	1	0	5	−1
Net cash flows used in investing activities	−204	−234	−175	−238
Proceeds from long-term debt	792	181	440	700
Repayments of long-term debt	−1,045	−346	−30	−200
Dividends to stockholders of UL Solutions	−104	−100	−680	−1,600
Dividends to non-controlling interest	−17	−15	−14	−13
Payment, Tax Withholding, Share-Based Payment Arrangement	−15	0	0	—
Other financing activities, net	−7	−4	−10	−3
Net cash flows used in financing activities	−396	−284	−294	−1,116
Effect of exchange rate changes on cash and cash equivalents	−3	−23	−5	−24
Net decrease in cash and cash equivalents	−3	−17	−7	−1,006
Cash paid during the period for interest	40	57	32	17
Cash paid during the period for income taxes	92	66	57	68
Cash paid during the period for stock-based compensation	4	19	61	48
Capital expenditures funded by liabilities	54	43	46	29
Conversion of stock-based compensation awards to equity (Note 17)	37	26	0	0

Filings

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Frequently asked questions

What is UL Solutions Inc.'s CIK number?

UL Solutions Inc.'s SEC CIK number is 0001901440 (1901440). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find UL Solutions Inc.'s SEC filings?

All of UL Solutions Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did UL Solutions Inc. last report earnings?

UL Solutions Inc. (ULS) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001901440-26-000009). This is UL Solutions Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is UL Solutions Inc.'s most recent earnings 8-K?

UL Solutions Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001901440-26-000009. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View UL Solutions Inc.'s latest earnings 8-K →
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