UL Solutions Inc.

Services-Testing Laboratories·NORTHBROOK, IL·FY end 12/31·CIK 1901440

Financials

2-year history · USD

Metric	FY 2025	FY 2024	Trend
Revenue	$3.1B	$2.9B
Gross Profit	—	—	—
Operating Income	$522.0M	$462.0M
Net Income	$325.0M	$326.0M
Operating CF	$600.0M	$524.0M
Capex	$197.0M	$237.0M
Free Cash Flow	$403.0M	$287.0M
Buybacks	—	—	—
Dividends	$104.0M	$100.0M

Gross Margin	—	—	—
Operating Margin	17.1%	16.1%
Net Margin	10.6%	11.4%
FCF Margin	13.2%	10.0%
R&D / Revenue	—	—	—
Effective Tax	26.6%	16.9%
Debt / Equity	0.78	1.59
Buybacks / FCF	—	—	—

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