UL Solutions Financial Statements
NYSE: ULSHealth CarePrecision InstrumentsUSD
Market open · Delayed 15 min · as of Oct 9, 12:46 PM ET
UL Solutions revenue and earnings
In fiscal 2025, UL Solutions generated $3.05 billion in revenue, up 6.4% from fiscal 2024, its 3rd consecutive year of revenue growth. Net income was $325.0 million (-0.3% year over year), for a net margin of 10.6% versus a median of 11.4% in the prior 3 years. Gross margin was 49.5% (up from 48.5%) and operating margin 17.1%.
Diluted earnings per share came in at $1.60, down from $1.62. Over the last 3 fiscal years, ULS's revenue has grown at a 6.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
UL Solutions income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 |
|---|---|---|---|---|
| Revenue | 3.05B | 2.87B | 2.68B | 2.52B |
| Revenue growth (YoY) | +6.38% | +7.17% | +6.27% | — |
| Cost of Revenue | 1.54B | 1.48B | 1.39B | 1.31B |
| Gross Profit | 1.51B | 1.39B | 1.28B | 1.21B |
| Operating Expenses | 988.00M | 930.00M | 916.00M | 795.00M |
| Selling, General & Admin | 953.00M | 931.00M | 875.00M | 795.00M |
| Operating Income | 522.00M | 462.00M | 368.00M | 412.00M |
| Interest Expense | 41.00M | 55.00M | 35.00M | 17.00M |
| Other Income (Expense) | -11.00M | 8.00M | 13.00M | -12.00M |
| Pretax Income | 470.00M | 415.00M | 346.00M | 383.00M |
| Income Tax | 125.00M | 70.00M | 70.00M | 74.00M |
| Net Income | 325.00M | 326.00M | 260.00M | 293.00M |
| Net Income growth (YoY) | -0.31% | +25.38% | -11.26% | — |
| EPS (Basic) | 1.62 | 1.63 | 1.30 | 1.47 |
| EPS (Diluted) | 1.60 | 1.62 | 1.30 | 1.47 |
| Shares Outstanding (Basic) | 201.00M | 200.00M | 200.00M | 200.00M |
| Shares Outstanding (Diluted) | 203.00M | 201.00M | 200.00M | 200.00M |
| EBITDA | 710.00M | 634.00M | 522.00M | 547.00M |
| Gross Margin | 49.46% | 48.50% | 47.95% | 47.90% |
| Operating Margin | 17.10% | 16.10% | 13.74% | 16.35% |
| Net Margin | 10.65% | 11.36% | 9.71% | 11.63% |
This table shows 4 annual periods of UL Solutions's income statement, from FY 2025 back to FY 2022, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow ULS's reporting calendar. What is a income statement?