UL Solutions Inc.

UL Solutions Inc.

ULSยทNYSE

$98.03

-1.9%
IndustrialsSpecialty Business Services

UL Solutions Inc. provides safety science 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 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 for regulated industries, including life sciences, supply chain regulations, transparency needs, and new ESG and sustainability requirements. It offers ULTRUS software brand to help customers improve speed to market, sustainability and safety. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in June 2022. The company was founded in 1894 and is headquartered in Northbrook, Illinois with additional offices in North America, Asia Pacific, Africa, Europe, Latin America, and Middle East. UL Solutions Inc. operates as a subsidiary of ULSE Inc.

At a Glance

Live Snapshot
Market Cap$19.73B
EPS1.6200
P/E Ratio60.51
Earnings Date08/04/2026
3Y+61.0%
5Y+23.0%
10Y+55.0%
3Y-14.0%
5Y-41.0%
10Y+24.0%
3Y-65.0%
5Y+1880.0%
10Y+1700.0%
ULS

UL Solutions Inc. Cash Conversion Engine

ULS ยท NYSE
Net Income325.00M
Depreciation & Amortization188.00M
Stock-Based Compensation0.00
Change in Working Capital-11.00M
Others96.00M
Capital Expenditures-197.00M
Free Cash Flow403.00M

Cash Flow Quality Analysis

FCF Conversion Rate

124.0%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

32.8%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+40.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$11.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

UL Solutions Inc. Cash Flow Statement

ULS โ€ข NYSE

UL Solutions Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
OPERATING ACTIVITIES
325M
326M
260M
293M
224M
231M
246M
188M
172M
154M
135M
142M
147M
96M
2M
0.0
11M
10M
-70M
0.0
0.0
0.0
54M
0.0
-1M
135M
12M
22M
96M
-11M
60M
43M
-111M
31M
76M
(0.0)
(66M)
(57M)
(68M)
(132M)
(0.0)
(0.0)
-11M
-17M
-18M
-108M
101M
66M
-54M
600M
524M
467M
372M
421M
487M
386M
INVESTING ACTIVITIES
-197M
-237M
-215M
-164M
-107M
-119M
-149M
-1M
-26M
-18M
-65M
-39M
(0.0)
-38M
-58M
(0.0)
-95M
-10M
-47M
-253M
(0.0)
51M
0.0
144M
1M
371M
28M
0.0
1M
29M
9M
0.0
0.0
0.0
23M
-204M
-234M
-175M
-238M
(178M)
-344M
-164M
FINANCING ACTIVITIES
-253M
-165M
410M
500M
0.0
0.0
0.0
-104M
-100M
-680M
-1.6B
-200M
-9M
-7M
-39M
-19M
-24M
-16M
-28M
-11M
-15M
-396M
-284M
-294M
-1.1B
-228M
-20M
-22M
CASH FLOW SUMMARY
-3M
-23M
-5M
-24M
-14M
4M
-9M
-3M
-17M
-7M
-1B
357M
127M
191M
298M
315M
322M
1.3B
971M
844M
653M
295M
298M
315M
322M
1.3B
971M
844M
403M
287M
252M
208M
314M
368M
237M

SEC Filings

ULS - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 03, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 22, 2026
May 20, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
8-K

8-K 2026

N/A

April 13, 2026
April 13, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 02, 2026
May 20, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 19, 2026
February 19, 2026
2026
8-K

8-K 2025

N/A

December 05, 2025
December 03, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
Showing 1 to 10 of 37 filings