UL Solutions (ULS) Stock Overview
Provides testing, inspection and certification services and related software and advisory services worldwide. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
ULS Community Fair Values
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Analyst Price Targets
UL Solutions Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$77.05 |
| 52 Week High | US$107.54 |
| 52 Week Low | US$61.64 |
| Beta | 0.70 |
| 1 Month Change | -11.71% |
| 3 Month Change | -22.01% |
| 1 Year Change | 14.54% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 120.52% |
Recent News & Updates
Analysis Article • Aug 07
UL Solutions Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a mediocre week for UL Solutions Inc. ( NYSE:ULS ) shareholders, with the stock dropping 17% to US$76.86 in...Seeking Alpha • Aug 06
UL Solutions: A Test For The Test Business
Summary UL Solutions remains a high-quality testing and certification business, but its shares have retreated from highs after Q2 results. Q2 saw 6.6% organic growth and 140 bps margin expansion, but rising stock-based compensation and higher capex pressure free cash flow. The Eurofins E&E acquisition adds a key growth engine, with manageable leverage and attractive deal multiples supporting the strategic rationale. Despite the pullback to a 40x earnings multiple, valuation remains demanding, and shares are still priced for perfection, limiting near-term upside. Read the full article on Seeking Alpha
New Narrative • Aug 06
Electrification And Data Center Demand Will Support Strong Long-Term Potential
Catalysts About UL Solutions UL Solutions provides safety science expertise, testing, inspection, certification and related software that help customers bring products and systems to market. What are the underlying business or industry changes driving this perspective?
Narrative Update • Aug 05
ULS: Testing And Certification Franchise Will Support Future Upside
Analysts have reduced their fair value estimate for UL Solutions to about $98 from roughly $109, reflecting lower Street price targets in the $82.80 to $110 range. They continue to note the strength of the company’s testing and certification franchise and have updated their models following recent results.Recent updates
Analysis Article • Aug 07
UL Solutions Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a mediocre week for UL Solutions Inc. ( NYSE:ULS ) shareholders, with the stock dropping 17% to US$76.86 in...Seeking Alpha • Aug 06
UL Solutions: A Test For The Test Business
Summary UL Solutions remains a high-quality testing and certification business, but its shares have retreated from highs after Q2 results. Q2 saw 6.6% organic growth and 140 bps margin expansion, but rising stock-based compensation and higher capex pressure free cash flow. The Eurofins E&E acquisition adds a key growth engine, with manageable leverage and attractive deal multiples supporting the strategic rationale. Despite the pullback to a 40x earnings multiple, valuation remains demanding, and shares are still priced for perfection, limiting near-term upside. Read the full article on Seeking AlphaNew Narrative • Aug 06
Electrification And Data Center Demand Will Support Strong Long-Term Potential
Catalysts About UL Solutions UL Solutions provides safety science expertise, testing, inspection, certification and related software that help customers bring products and systems to market. What are the underlying business or industry changes driving this perspective?Narrative Update • Aug 05
ULS: Testing And Certification Franchise Will Support Future Upside
Analysts have reduced their fair value estimate for UL Solutions to about $98 from roughly $109, reflecting lower Street price targets in the $82.80 to $110 range. They continue to note the strength of the company’s testing and certification franchise and have updated their models following recent results.Narrative Update • Jun 22
ULS: High Conviction Listing And Regulatory Complexity Exposure Will Support Future Upside
Analysts have raised their average price target for UL Solutions to $108.95, reflecting updated assumptions for the discount rate, long-term revenue growth, profit margin, and future P/E in light of recent positive research, including additions to high conviction lists and target increases from major firms. Analyst Commentary Recent research on UL Solutions highlights a mix of enthusiasm and caution, with investors focusing on how the company can sustain growth, deliver consistent execution, and justify its updated valuation profile.Narrative Update • Jun 06
ULS: High Conviction Listing And AI Safety Services Will Support Future Upside
Narrative Update on UL Solutions Analysts have lifted UL Solutions' fair value estimate to $108.95, with updated price targets supported by its inclusion in a high conviction list at one firm and recent upward revisions from others, even as assumptions such as discount rate, profit margin and future P/E are fine tuned. Analyst Commentary Recent Street research paints a mixed picture for UL Solutions, with some bullish analysts making confident valuation calls while at least one firm starts coverage with a more neutral stance.Narrative Update • May 20
ULS: Margin Strength And AI Safety Efforts Will Support Balanced Future Outcomes
Analysts lifted the UL Solutions fair value estimate by about $15 to $108.95, citing higher margin expectations, a modestly higher future P/E assumption of 47.68, and recent price target increases alongside Franchise Picks inclusion. These factors reflect confidence in the business model even as revenue growth assumptions are slightly lower.Analysis Article • May 08
UL Solutions Inc. Just Recorded A 21% EPS Beat: Here's What Analysts Are Forecasting Next
Investors in UL Solutions Inc. ( NYSE:ULS ) had a good week, as its shares rose 9.9% to close at US$99.41 following the...Narrative Update • Apr 22
ULS: Margin Delivery And AI Safety Certifications Will Shape Balanced Future Outcomes
The analyst price target for UL Solutions has shifted slightly higher to align with a fair value estimate of about $93.57. Analysts attribute this to stronger modeled revenue growth and higher future P/E assumptions, partly offset by more conservative profit margin expectations.Narrative Update • Apr 07
ULS: Margin Strength And AI Safety Progress Will Support Balanced Future Outcomes
The analyst price target for UL Solutions has shifted modestly, with recent updates clustering in the $87 to $96 range as analysts factor in stronger recent margins alongside more measured views on future growth and capital allocation. Analyst Commentary Recent research around UL Solutions has concentrated on how strong recent margins and updated guidance feed into medium term expectations, with most targets now clustered in the high $80s to mid $90s and ratings generally anchored around Neutral with a few more positive stances.Narrative Update • Mar 24
ULS: Margin Delivery And Capital Returns Will Support Balanced Future Outcomes
The analyst price target for UL Solutions is now $93.25, reflecting a blended view of recent Street revisions. Several firms raised their targets into the $87 to $96 range, while others trimmed forecasts slightly as analysts balanced strong margins and Q4 execution with more measured expectations for growth and 2026 performance.Narrative Update • Mar 09
ULS: Margin Strength And Capital Returns Will Support Future Upside
The analyst price target for UL Solutions has been adjusted slightly lower to reflect a modest trim in fair value to $93.25. Analysts cite a higher discount rate, slightly softer revenue growth assumptions, and offsetting support from stronger projected profit margins and a steady future P/E multiple.Narrative Update • Feb 23
ULS: Margin Strength And Capital Returns Will Drive Future Upside Potential
The updated analyst price target for UL Solutions has increased from $90.61 to $93.28, with analysts citing stronger margins, solid Q4 execution, and supportive 2026 outlooks as key drivers for their refreshed models. Analyst Commentary Recent Street research around UL Solutions clusters around a similar theme, with analysts updating their models after Q4 results and refreshed 2026 guidance.Narrative Update • Feb 06
ULS: Lowered Price View Will Support Future Upside Potential
Analysts have reduced their price target on UL Solutions to $85 from $96, reflecting updated views on valuation while fair value, discount rate, revenue growth, profit margin, and future P/E assumptions remain relatively unchanged. Analyst Commentary Bullish Takeaways Bullish analysts view the new US$85 price target as still consistent with UL Solutions maintaining a valuation that reflects its existing fair value and P/E framework, rather than a wholesale reset of expectations.Narrative Update • Jan 22
ULS: Index Additions And Equity Raise Will Support Future Upside
Analysts have trimmed their price target on UL Solutions by about US$1 to reflect slightly different views on fair value, discount rate, and forward P/E assumptions following recent research updates. Analyst Commentary Bullish Takeaways Bullish analysts see the revised US$85 price target as still implying upside from current levels, suggesting they view the stock as reasonably valued relative to its earnings outlook and risk profile.Narrative Update • Jan 08
ULS: Index Additions And Expanded Testing Network Will Support Measured Upside
Narrative Update on UL Solutions Analysts have kept their price target for UL Solutions effectively unchanged at about $91.71. This reflects only minimal tweaks to assumptions around discount rate, revenue growth, profit margin, and future P/E, rather than a shift in their overall view of the company.Narrative Update • Dec 25
ULS: Index Inclusion And AI Safety Services Will Support Long Term Upside
Analysts have nudged their price target for UL Solutions slightly higher to approximately 91.71 dollars, citing marginal improvements in long term discount rate assumptions and continued expectations for steady revenue growth and profit margins. What's in the News UL Solutions completed a 975 million dollar follow on offering of 12.5 million Class A shares at 78 dollars per share, with UBS Securities added as a co lead underwriter (Follow on Equity Offering, Underwriter Change).Narrative Update • Dec 10
ULS: Expanded Testing Capabilities And Equity Raise Will Support Long Term Upside
Analysts have slightly raised their price target on UL Solutions to 91.71 dollars, citing marginal improvements in discount rate assumptions, long term revenue growth forecasts, and projected profitability that support a steady valuation multiple. What's in the News Completed a $975 million follow on equity offering of 12,500,000 Class A common shares priced at $78 per share, with a $2.145 discount per security (Key Developments) UBS Securities LLC added as co lead underwriter for the $975 million follow on equity offering, strengthening the syndicate supporting the capital raise (Key Developments) Announced major expansion of its electromagnetic and wireless testing capabilities with a new green lab in Neu Isenburg, Germany, designed for large high power industrial, medical, consumer and automotive products and expected to be operational by mid 2027 (Key Developments) Opened its first Japan based motor energy efficiency laboratory at the Ise campus to provide local performance testing for electric motors and help domestic manufacturers meet global efficiency standards while cutting overseas shipping costs (Key Developments) Launched new AI safety certification services guided by UL 3115 to assess robustness, transparency, security and bias in AI powered products and enable compliant offerings to carry the UL Mark (Key Developments) Valuation Changes Fair Value: Unchanged at 91.71 dollars per share, indicating a stable central valuation outlook.Narrative Update • Nov 26
ULS: Expanded Testing Facilities And Upgraded Services Will Shape Outlook Through 2027
Analysts have raised their price target for UL Solutions from $77.77 to $91.71, citing improved profit margins and a reassessment of the company's fair value. What's in the News UL Solutions is expanding its global electromagnetic and wireless testing presence by developing a new laboratory in Neu-Isenburg, Germany.Analysis Article • Nov 07
Earnings Beat: UL Solutions Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
It's been a good week for UL Solutions Inc. ( NYSE:ULS ) shareholders, because the company has just released its latest...Narrative Update • Nov 05
ULS: Declining Revenue Forecasts Will Offset Improvements In Profit Margins
Analysts have raised their price target for UL Solutions from $71.27 to $77.77, citing improved profit margins and a lower discount rate as key factors supporting this upward revision. What's in the News Launched artificial intelligence (AI) safety certification services to assess and certify the safety of AI-powered products, using the UL 3115 framework for global standards compliance (Key Developments).Analysis Article • Aug 23
UL Solutions' (NYSE:ULS) Dividend Will Be $0.13
UL Solutions Inc. ( NYSE:ULS ) will pay a dividend of $0.13 on the 8th of September. The dividend yield is 0.8% based...
New Narrative • Apr 20
Global Energy Transition And Battery Labs Will Shape Future Capabilities
Global energy transition and capacity expansions in battery testing drive strong demand and revenue growth in the Industrial segment.Seeking Alpha • Mar 06
UL Solutions: Rating Downgrade Given The Softer Than Expected FY 2025 Growth
Summary I am downgrading UL Solutions to hold due to disappointing FY25 guidance, indicating a significant deceleration in growth compared to FY24 levels. ULS reported strong FY24 results with $739 million in revenue and 69% EPS growth. Management’s FY25 guidance suggests mid-single-digit organic growth, reflecting macro uncertainty and potential delays in product launches, impacting near-term performance. Read the full article on Seeking AlphaShareholder Returns
| ULS | US Professional Services | US Market | |
|---|---|---|---|
| 7D | -1.6% | 1.6% | 0.09% |
| 1Y | 14.5% | -11.2% | 19.0% |
Return vs Industry: ULS exceeded the US Professional Services industry which returned -10.8% over the past year.
Return vs Market: ULS underperformed the US Market which returned 20.9% over the past year.
Price Volatility
| ULS volatility | |
|---|---|
| ULS Average Weekly Movement | 5.9% |
| Professional Services Industry Average Movement | 8.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ULS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ULS's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 14,719 | Jenny Scanlon | www.ul.com |
UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification services and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building and asset owners, end users, and regulators.
UL Solutions Inc. Fundamentals Summary
| ULS fundamental statistics | |
|---|---|
| Market cap | US$15.76b |
| Earnings (TTM) | US$506.00m |
| Revenue (TTM) | US$3.15b |
30.7x
P/E Ratio4.9x
P/S RatioIs ULS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ULS income statement (TTM) | |
|---|---|
| Revenue | US$3.15b |
| Cost of Revenue | US$1.56b |
| Gross Profit | US$1.59b |
| Other Expenses | US$1.08b |
| Earnings | US$506.00m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.51 |
| Gross Margin | 50.41% |
| Net Profit Margin | 16.08% |
| Debt/Equity Ratio | 18.6% |
How did ULS perform over the long term?
See historical performance and comparisonDividends
0.8%
Current Dividend Yield22%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/11 04:17 |
| End of Day Share Price | 2026/08/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
UL Solutions Inc. is covered by 15 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Andrew Wittmann | Baird |
| Seth Weber | BNP Paribas |
| Curtis Nagle | BofA Global Research |