UL Solutions Inc. (ULS)
NYSE: ULS · Services-Testing Laboratories · Northbrook, IL · filing with the SEC since 2022
Income statement, as filed
In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts in millions. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Report filed | Feb 19, 2026 | Feb 20, 2025 | · | · | · |
| Revenue | 3,053 | 2,870 | 2,678 | 2,520 | · |
| Cost of revenue | 1,543 | 1,478r | 1,394r | 1,313 | · |
| Selling, general and administrative | 953 | 931 | 875 | 795 | · |
| Operating income | 522 | 462 | 368 | 412 | · |
| Interest expense | 41 | 55 | 35 | 17 | · |
| Interest income (expense), net | 4 | 4 | 12 | 1 | · |
| Other income (expense), net | -1 | -2 | 2 | 7 | · |
| Total non-operating income (expense) | -11 | 8 | 13 | -12 | · |
| Income before income taxes | 470 | 415 | 346 | 383 | · |
| Income tax expense | 125 | 70 | 70 | 74 | · |
| Net income including non-controlling interests | 345 | 345 | 276 | 309 | · |
| Net income to non-controlling interests | 20 | 19 | 16 | 16 | · |
| Net income | 325 | 326 | 260 | 293 | · |
| Earnings per share, basic | 1.62 | 1.63 | 1.30 | 1.47 | · |
| Earnings per share, diluted | 1.60 | 1.62 | 1.30 | 1.47 | · |
| Weighted average shares, basic | 201 | 200 | 200 | 200 | · |
| Weighted average shares, diluted | 203 | 201 | 200 | 200 | · |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTaxCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueSelling, general and administrative the cost of selling and of running the company
us-gaap:SellingGeneralAndAdministrativeExpenseOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseNonoperatingInterest income (expense), net interest earned less interest paid, outside the business
us-gaap:InterestIncomeExpenseNonoperatingNetOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseTotal non-operating income (expense) everything outside the business, together
us-gaap:NonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding