UL Solutions Inc. (ULS) Stock Price & Analysis
UL Solutions Inc. (ULS) closed at USD 73.63 on Thursday, October 22, 2026, down 0.88% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 73.63; the Oct 22, 2026 session ranged USD 73–74.83 on volume of 741,720 shares. Market capitalization is —, with a 52-week range of USD 63.17–107.54 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ULS.md
Key facts (ULS)
- Last four reported quarters (through Jun 30, 2026): revenue $3.15B, net income $505M (16.1% margin), free cash flow $436M (SEC filings).
- 1 of 80 tracked superinvestors hold ULS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.31 on a 1–5 scale) (13 analysts), mean target USD 96.57 (range 79–120).
- Total return with dividends: 1Y -6.4% vs S&P 500 +14.9%; 5Y +115.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.62, revenue estimate $816M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ULS)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $2.52B | $2.68B | $2.87B | $3.05B | $3.15B |
| Gross profit | $1.21B | $1.28B | $1.39B | $1.51B | — |
| Operating income | $412M | $368M | $462M | $522M | $562M |
| Net income | $293M | $260M | $326M | $325M | $505M |
| EPS (diluted) | $1.47 | $1.30 | $1.62 | $1.60 | — |
| Free cash flow | $208M | $252M | $287M | $403M | $436M |
| Gross margin | 47.9% | 47.9% | 48.5% | 49.5% | — |
| Operating margin | 16.3% | 13.7% | 16.1% | 17.1% | 17.9% |
| Net margin | 11.6% | 9.7% | 11.4% | 10.6% | 16.1% |
| Revenue growth | — | +6.3% | +7.2% | +6.4% | — |
| Cash + short-term investments | $322M | $315M | $298M | $295M | — |
| Total debt | — | $904M | $742M | $491M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ULS)
P/E at fiscal year-ends: Dec 2025 49.3x, Dec 2024 30.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (ULS)
1 of 80 tracked investors hold ULS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 2.91% | $299M | Reduced -10.8% |
Analysts (ULS)
Consensus Buy (mean 2.31 on a 1–5 scale), 13 analysts; mean target USD 96.57 (low 79, high 120).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | UBS | Target raised | Buy | $96 → $97 |
| 2026-09-24 | Baird | Target lowered | Outperform | $95 → $85 |
| 2026-08-05 | UBS | Target lowered | Buy | $110 → $96 |
| 2026-08-05 | Citigroup | Target lowered | Neutral | $106.4 → $82.8 |
| 2026-08-05 | Wells Fargo | Target lowered | Overweight | $120 → $104 |
| 2026-07-14 | UBS | Upgrade | Neutral → Buy | $110 |
Total return (dividends reinvested) (ULS)
| 1Y (from 2025-10-23) | 5Y (from 2024-04-08) | |
|---|---|---|
| Total return | -6.4% | +115.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -6.4% | +35.2% |
| Volatility (annualized) | 42.7% | 35.3% |
| Max drawdown | -38.8% (May 2026→Sep 2026) | -37.5% (May 2026→Sep 2026) |
ULS revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Industrial | $402.0M | 49.3% | +7.8% |
| Consumer | $362.0M | 44.4% | +6.5% |
| Risk & Compliance Software | $52.0M | 6.4% | -17.5% |
| Total revenue | $816.0M | 100% | — |
ULS revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Ongoing Certification Services | $270.0M | 33.1% | +8.0% |
| Non-certification Testing and Other Services | $248.0M | 30.4% | +2.9% |
| Certification Testing | $237.0M | 29.0% | +10.2% |
| Software | $61.0M | 7.5% | -12.9% |
| Total revenue | $816.0M | 100% | — |
ULS revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $1.25B | 41.0% | +6.4% |
| China | $761.0M | 24.9% | +7.2% |
| EMEA | $529.0M | 17.3% | +6.7% |
| Asia Pacific | $398.0M | 13.0% | +6.1% |
| Other Americas | $112.0M | 3.7% | +0.9% |
| Total revenue | $3.05B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ULS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.62 | $0.62 | -1.3% | $816.5M | 9 |
| Next quarter (ends Dec 2026) | $0.61 | $0.62 | -1.7% | $828.9M | 9 |
| Current fiscal year (ends Dec 2026) | $2.32 | $2.30 | +0.6% | $3.22B | 12 |
| Next fiscal year (ends Dec 2027) | $2.60 | $2.58 | +1.0% | $3.46B | 12 |
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 73.63 |
|---|---|
| Change | ▼ 0.88% (down) |
| Previous Close | USD 73.63 |
| Open | USD 73.63 |
| Day Range | USD 73 – 74.83 |
| 52-Week Range | USD 63.17 – 107.54 |
| Volume | 741,720 shares |
| Market Cap | — |
| Exchange | NYQ |
Technical Analysis (ULS)
Nexqual's technical model rates ULS "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 57.63 (neutral) |
| vs SMA50 | Above (USD 71.02) |
| MACD | 1.04 (positive) |
Analyst Ratings (ULS)
Wall Street analysts rate ULS "Buy" based on 13 analysts, with a mean price target of USD 96.57 (range USD 79–120), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 13 |
| Mean Target | USD 96.57 |
| High Target | USD 120 |
| Low Target | USD 79 |
| Buy / Hold / Sell | 8 / 5 / 0 |
Earnings (ULS)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.62 |
| Revenue Estimate | $816.47M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.59 vs est 0.56 ▲ beat |
| 2026-03-31 | USD 0.5 vs est 0.41 ▲ beat |
| 2025-12-31 | USD 0.53 vs est 0.45 ▲ beat |
| 2025-09-30 | USD 0.56 vs est 0.47 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (ULS)
| Total Revenue | $3.15B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +5.20% |
| Gross Margin | +50.41% |
| Operating Margin | +18.38% |
| Profit Margin | +16.08% |
| ROE | +38.71% |
| Debt / Equity | 0.29 |
| Current Ratio | 1.43 |
| Total Cash | $434.00M |
| Total Debt | $476.00M |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Ownership (ULS)
| Insider Ownership | +1.20% |
|---|---|
| Institutional Ownership | +117.22% |
| Shares Outstanding | 78.14M |
| Float | 77.12M |
| Short % of Float | +8.07% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From UL Solutions Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- As the largest TIC services provider headquartered in North America (by revenue) with a global network of laboratories, we provided a comprehensive set of product safety, security and sustainability solutions to more than 80,000 customers across over 110 countries in 2025.
- Ongoing Certification Services (approximately 33% of revenue).
- Non-certification Testing and Other Services (approximately 30% of revenue).
- Our employees benefit from globally aligned processes and decision-support capabilities enabled by leading commercial off-the-shelf technologies, including Oracle, Microsoft and Salesforce.
Legal & Regulatory Risks (Item 1A, quoted)
- Changes to the relevant regulatory frameworks could result in a reduction in required inspections, tests or certifications, or harmonized international or cross-industry benchmarks and standards, any of which could lead to the reduction in demand for, or commoditization of, our services.
- We conduct our business in a heavily regulated environment, with regulations that may differ widely from one country to the next.
- Failure to comply with labor and employment laws and regulations to which we are subject could result in penalties or costs that could adversely affect our consolidated results of operations.
- We could also be required to obtain new or different permits, licenses, accreditations, approvals or authorizations in the future.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt