UL Solutions Inc. (ULS)

From the record

UL Solutions Inc.'s filings since 2022 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

UL Solutions Inc.'s 4 filed years say what it did: revenue went from $2.5 billion in fiscal 2022 to $3.1 billion in fiscal 2025, up 6.6% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 4 of 4 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, UL Solutions Inc.'s diluted share count grew about 0.5% a year, and dividends and buybacks returned about 56% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 26 sales (23 under scheduled 10b5-1 plans) and 2 purchases of their own stock on the open market in the year to 2026-11-04, buying about $3 thousand (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, UL Solutions Inc. earned about 25 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 52 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 56 cents per dollar of assets, and net share issuance: its share count grew 1.0% over the year (the filed statements).

From the record

UL Solutions Inc.'s standing among 14 graded names in its industry family: revenue of $3.1 billion in fiscal 2025 ranks in the top 39% by size; a net margin of 10.6% ranks in the top 32%; revenue growth of 6.6% a year over the last 3 filed years ranks in the bottom 39% (its annual reports).

From the record

UL Solutions Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $295 million against debt of $491 million leaves -6.7% of its assets as net cash, bottom 42% of its family; cash from operations less capital spending is 13.2% of revenue (top 25%); a gross margin of 49.5% (bottom 46%) (its annual report).

From the record

UL Solutions Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 6.6% a year over the last three filed years against 6.6% over all 4, speeding up (top 31% of its family); the newest year grew 6.4% (top 42%); capital spending grew 6.3% a year (bottom 41%) (its annual reports). UL Solutions Inc. reported 4 product lines in fiscal 2025: Ongoing Certification Services at $1.0 billion (33%), Non Certification Testing and Other Services at $911 million (30%), Certification Testing at $851 million (28%), and 1 more; 4 of 4 grew against the year before (its annual report).

From the record

UL Solutions Inc.'s newest year against its own record: revenue of $3.1 billion in fiscal 2025 came in 0.3% below the $3.1 billion its prior three years' pace pointed to (top 46% of its family); net income of $325 million against a prior three-year average of $293 million (top 21%); a net margin of 10.6% against 10.9% before (top 29%) (its annual reports).