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UL Solutions Inc. ULS

NYSE · stock · Services-Testing Laboratories · website · IPO 2024-04-12 · LEI

UL Solutions Inc. statistics & valuation

P / E60.8×
P / S6.5×
P / B15.3×
P / FCF49.0×
Net margin10.6%
FCF margin13.2%
Net debt$196.0M
Net debt / EBITDA0.3×
Enterprise value USD$19.9B
EV / EBITDA28.1×
Earnings yield EBIT/EV2.6%
Return on capital24.2%
Graham number -80.2%$15.15

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($15.15); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.70% 11.40% 10.60% 202320242025
Gross margin (%)
202320242025
Operating margin (%)
13.70% 16.10% 17.10% 202320242025
Return on equity (%)
38.30% 35.00% 25.10% 202320242025
Shares outstanding
200.0M 201.0M 203.0M 202320242025
Net debt ($)
$589.0M $444.0M $196.0M 202320242025
Share buybacks ($)
202320242025
Return on assets (%)
9.50% 11.60% 11.10% 202320242025
Free cash flow margin (%)
9.40% 10.00% 13.20% 202320242025
Debt / equity (×)
1.33× 0.80× 0.38× 202320242025
EPS ($)
$1.30 $1.62 $1.60 202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023
Operating margin17.1%16.1%13.7%
Net margin10.6%11.4%9.7%
FCF margin13.2%10.0%9.4%
Return on assets11.1%11.6%9.5%
Return on equity25.1%35.0%38.3%
Debt / equity0.38×0.80×1.33×
Current ratio1.321.241.34

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.