Tearsheet

UL Solutions (ULS)

Market Price (4/23/2026): $89.87 | Market Cap: $18.1 Bil
Sector: null | Industry:

UL Solutions (ULS)

Market Price (4/23/2026): $89.87
Market Cap: $18.1 Bil
Sector: null
Industry:

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%

Low stock price volatility
Vol 12M is 40%

Megatrend and thematic drivers
Megatrends include Sustainable & Green Buildings, Electric Vehicles & Autonomous Driving, and Renewable Energy Transition. Themes include Green Building Certification, Show more.

Trading close to highs
Dist 52W High is -3.3%, Dist 3Y High is -3.3%

Key risks
ULS key risks include [1] intense competition from numerous global TIC market players that can directly impact its pricing power.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
1	Low stock price volatility Vol 12M is 40%
2	Megatrend and thematic drivers Megatrends include Sustainable & Green Buildings, Electric Vehicles & Autonomous Driving, and Renewable Energy Transition. Themes include Green Building Certification, Show more.
3	Trading close to highs Dist 52W High is -3.3%, Dist 3Y High is -3.3%
4	Key risks ULS key risks include [1] intense competition from numerous global TIC market players that can directly impact its pricing power.

Valuation, Metrics & Events

	4/23/26	2025	2024	2023	2022
Share Price CYE	$89.87	$78.86	$49.88	�	�
Market Cap CYE ($ Bil)	18.1	15.9	10.0	-	-
Total Debt ($ Bil)	0.7	0.7	0.9	1.1	0.7
Total Cash ($ Bil)	0.3	0.3	0.3	0.3	0.4
Enterprise Value ($ Bil)	18.5	16.6	10.9
Valuation Ratios
P/S TTM	5.9	5.2	3.5	-	-
P/EBIT TTM	35.4	31.0	21.2	-	-
P/E TTM	55.6	48.8	30.6	-	-
P/FCF TTM	44.8	39.3	34.8	-	-
Sector Ratios
P/S TTM (Sector)	3.9	3.9	3.7	3.0	2.9
P/EBIT TTM (Sector)	19.2	18.2	19.4	17.6	19.8
P/E TTM (Sector)	25.8	26.0	25.6	23.6	23.2
P/FCF TTM (Sector)	25.9	24.6	20.8	22.3	24.1

	4/23/26	2025	2024
Share Price CYE	$89.87	$78.86	$49.88
Market Cap CYE ($ Bil)	18.1	15.9	10.0
Total Debt ($ Bil)	0.7	0.7	0.9
Total Cash ($ Bil)	0.3	0.3	0.3
Enterprise Value ($ Bil)	18.5	16.6	10.9
Valuation Ratios
P/S TTM	5.9	5.2	3.5
P/EBIT TTM	35.4	31.0	21.2
P/E TTM	55.6	48.8	30.6
P/FCF TTM	44.8	39.3	34.8
Sector Ratios
P/S TTM (Sector)	3.9	3.9	3.7
P/EBIT TTM (Sector)	19.2	18.2	19.4
P/E TTM (Sector)	25.8	26.0	25.6
P/FCF TTM (Sector)	25.9	24.6	20.8

	ULS	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	3.1
Rev Chg Q	6.8%	7.5%
Rev Chg LTM	6.4%	6.9%
Rev Chg 3Y Avg	6.6%	5.7%
PROFITABILITY	FAIR
Op Inc LTM ($ Bil)	0.6
CFO LTM ($ Bil)	0.6
Net Inc LTM ($ Bil)	0.3
Op Mgn LTM	18.2%	18.6%
CFO/Rev LTM	19.7%	20.6%
Net Inc Mgn	10.6%	12.8%
VALUATION	VERY HIGH
P/S	5.9	3.2
P/CFO	30.1	15.7
P/FCF	44.8	20.5
P/E	55.6	24.3
STABILITY	VERY GOOD
Debt/Equity	0.04	0.20
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Number of Customers	more than 80,000	12312023	Link
Customer Retention Rate (amongst 500 largest customer accounts)	approximately 99%	12312023	Link
Number of Countries with Customers	over 110	12312023	Link
Number of Technical Accreditations	more than 650	12312023	Link
Number of Commercial Software Solutions	83	12312023	Link
Number of Active Standards Panels and Technical Committees	over 1,300	12312023	Link
Number of Industries Served	more than 35	9302025	Link

Upcoming
5/05/2026	Earnings Release	Rev: $748 Mil (E) EPS: $0.42 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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UL Solutions (ULS) stock has gained about 15% since 12/31/2025 because of the following key factors:

1. Strong Fourth Quarter and Full-Year 2025 Financial Performance Exceeding Expectations.

UL Solutions reported robust financial results for Q4 and the full year ended December 31, 2025, which were released on February 19, 2026. The company surpassed $3 billion in annual revenue for the first time. Fourth-quarter revenue increased by 6.8% to $789 million, with organic growth contributing 5.7%. Adjusted diluted earnings per share (EPS) for Q4 rose by 8.2% to $0.53, beating analyst estimates of $0.45 by $0.08. Additionally, adjusted net income increased by 11.8% to $114 million, and adjusted EBITDA grew by 28.4% to $217 million, expanding its margin by 460 basis points to 27.5%. The company also reported record net cash flows from operating activities of $600 million and increased its quarterly dividend by 11.5% to $0.145 per share for Q1 2026. These positive results, coupled with a 2026 outlook anticipating mid-single-digit constant currency organic revenue growth and adjusted EBITDA margin improvement to between 26.5% and 27.0%, significantly bolstered investor confidence.

2. Positive Analyst Sentiment and Upgraded Price Targets.

Throughout the period, UL Solutions benefited from a generally bullish outlook from Wall Street analysts. On December 17, 2025, Baird upgraded its rating on ULS to "Outperform" with a price target of $97.00. By April 12, 2026, the consensus among 13 Wall Street analysts was a "Strong Buy" (8.2/10), with a median price target of $96.00, suggesting a 13.9% upside from the stock's price of $84.30 at that time. This includes 7 "Buy" ratings and 5 "Hold" ratings. The consistent positive ratings and upward revisions of price targets from multiple firms indicated strong confidence in the company's future performance and contributed to the stock's appreciation.

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Stock Movement Drivers

Fundamental Drivers

The 14.2% change in ULS stock from 12/31/2025 to 4/22/2026 was primarily driven by a 19.1% change in the company's P/E Multiple.

(LTM values as of)	12312025	4222026	Change
Stock Price ($)	78.72	89.89	14.2%
Change Contribution By:
Total Revenues ($ Mil)	3,003	3,053	1.7%
Net Income Margin (%)	11.3%	10.6%	-5.7%
P/E Multiple	46.7	55.6	19.1%
Shares Outstanding (Mil)	201	201	0.0%
Cumulative Contribution			14.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026

	Return	Correlation
ULS	14.2%
Market (SPY)	-5.4%	34.7%

Fundamental Drivers

The 27.3% change in ULS stock from 9/30/2025 to 4/22/2026 was primarily driven by a 28.0% change in the company's P/E Multiple.

(LTM values as of)	9302025	4222026	Change
Stock Price ($)	70.64	89.89	27.3%
Change Contribution By:
Total Revenues ($ Mil)	2,951	3,053	3.5%
Net Income Margin (%)	11.1%	10.6%	-3.9%
P/E Multiple	43.4	55.6	28.0%
Shares Outstanding (Mil)	201	201	0.0%
Cumulative Contribution			27.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026

	Return	Correlation
ULS	27.3%
Market (SPY)	-2.9%	20.9%

Fundamental Drivers

The 60.5% change in ULS stock from 3/31/2025 to 4/22/2026 was primarily driven by a 61.8% change in the company's P/E Multiple.

(LTM values as of)	3312025	4222026	Change
Stock Price ($)	56.00	89.89	60.5%
Change Contribution By:
Total Revenues ($ Mil)	2,870	3,053	6.4%
Net Income Margin (%)	11.4%	10.6%	-6.3%
P/E Multiple	34.4	55.6	61.8%
Shares Outstanding (Mil)	200	201	-0.5%
Cumulative Contribution			60.5%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026

	Return	Correlation
ULS	60.5%
Market (SPY)	16.3%	26.9%

Fundamental Drivers

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Market Drivers

3/31/2023 to 4/22/2026

	Return	Correlation
ULS
Market (SPY)	63.3%	28.8%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
ULS Return	-	-	-	44%	59%	17%	168%
Peers Return	22%	-32%	37%	11%	11%	42%	99%
S&P 500 Return	27%	-19%	24%	23%	16%	3%	88%
Monthly Win Rates [3]
ULS Win Rate	-	-	-	78%	75%	75%
Peers Win Rate	62%	40%	68%	52%	52%	45%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
ULS Max Drawdown	-	-	-	-4%	-1%	-12%
Peers Max Drawdown	-13%	-46%	-8%	-15%	-31%	-13%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-7%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEYS, VRSK, WK, FORM, MG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

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In The Past

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About UL Solutions (ULS)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

We work for a safer world. Our mission drives our actions, inspires our employees and is the key to our success. We strive to be our customers’ most trusted science-based safety, security and sustainability partner. We are a global safety science leader that provides independent testing, inspection and certification (“TIC”) services and related software and advisory (“S&A”) offerings to customers worldwide. Our history dates back to our founding in 1894 as part of the nonprofit Underwriters Electrical Bureau, a predecessor to UL Research Institutes, UL Standards & Engagement and UL Solutions. 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 2023. Our distinguished heritage and our long history of operating at the forefront of safety science enables us to achieve and maintain more than 650 technical accreditations and 83 commercial software solutions, and to remain active in over 1,300 standards panels and technical committees globally, which underpins the expertise we offer to our customers. Furthermore, we offer over 450 independent third-party conformity assessment services around the world and are capable of testing and certifying against over 4,000 global standards, which affords us vast insight into the safety of products across a wide range of end markets and geographies. We are the owner of the iconic UL-in-a-circle certification mark (“UL Mark”) that appears on billions of products around the world. We offer our customers global market access services that help them ensure the safety and quality of their products while also supporting their efforts to manage the broader risks they face throughout their product lifecycle processes. We believe our extensive knowledge of, and expertise in, global safety science provides us with a strong competitive advantage relative to other global TIC service providers. People are at the core of who we are and what we do for our customers. Our technical team of more than 9,900 scientists, engineers and other specialized technical and regulatory experts has been nurtured and developed over many years and is a differentiator of our business. This deep and highly trained talent pool, and our strong technical laboratory capabilities, enable us to serve as a trusted and independent partner to our diverse array of global customers. We serve our customers through two complementary businesses, TIC and S&A. Our TIC business is made up of two segments, Industrial and Consumer, which provide comprehensive testing, inspection and certification services to customers across a broad array of end markets. Our S&A business is a global provider of software, data and advisory solutions, enabling our customers to manage complex regulatory requirements, deliver supply chain transparency and operationalize sustainability. We generate revenue in these segments and the following service categories: Certification Testing; Ongoing Certification Services; Non-certification Testing and Other Services; and Software. As the global economy continues to evolve and becomes more digital and inter-connected, our customers continue to seek ways to bridge traditional TIC needs with next generation cloud-based software and services to better mitigate risk and enhance their business performance. We believe that our complementary TIC and S&A offerings position us to capitalize on this market need and better serve our customers, of which we had more than 80,000 in 2023. In 2023, approximately 70% of our global and strategic accounts utilized both TIC and S&A services. The scope of our global and strategic accounts is primarily based on two factors: (1) each customer’s current spend with us and (2) an estimate of each such customer’s potential future spend with us. The scope is then further revised based on regional priorities, emerging trends and recent changes in each customer’s spend. Given the nature of our services, we are continuously engaging and working side-by-side with our customers. On any given day, throughout the world, our teams can be found in more than 1,500 of our customers’ global manufacturing locations inspecting products, facilities, processes and systems and interacting with our customers. Similarly, many of our customers spend time in our laboratories observing the testing of their products, or spend time in their workplaces using our proprietary software and material and chemical databases to share information across their value chains. Our strong customer relationships, coupled with the essential nature of our core testing, inspection and certification services, drive high customer retention; in 2023, we achieved an approximately 99% customer retention rate amongst our 500 largest customer accounts from each of 2019, 2020, 2021 and 2022. We calculate our customer retention rate as the percentage of our top 500 customers in a given year that generate revenue with us in subsequent years, and we measure this metric at the parent level; therefore, a customer for this purpose may be comprised of several subsidiaries and independent businesses. Our attractive business model has allowed us to deliver a long track record of stable growth and profitability. Underlying demand for our services is largely driven by a combination of regulatory requirements and evolving customer and consumer preferences, providing strong stability and visibility to our financial profile. We have made significant investments in our people, laboratories and digital capabilities over many decades, allowing us to execute our growth strategy and meet the increasingly complex needs of our customers. We supplement our organic growth with acquisitions, having successfully completed and integrated 54 acquisitions since 2010. As a result of our organic and inorganic growth, we are the number one TIC services provider for products and a top ten TIC provider globally as measured by revenue, with a compound annual revenue growth rate of approximately 7% over the last 12 years. --- In 1894, William Henry Merrill, Jr. founded Underwriters Electrical Bureau, an electrical testing laboratory to insurance underwriters. In 1901, Underwriters Laboratories, the predecessor to UL Research Institutes, was incorporated in the state of Illinois as a nonprofit organization dedicated to the promotion of safety standards, publishing its first standard in 1903, “Tin Clad Fire Doors.” The first UL Mark for use outside of the United States was introduced in 1992 for the Canadian market. For 130 years, UL Research Institutes has engaged, including through controlled affiliates, in four principal activities: (1) conducting and disseminating scientific research on public safety issues, (2) engaging in education and outreach activities to promote public safety, (3) developing standards for public safety and (4) testing, inspecting and certifying products to safety standards. UL Solutions Inc., the registrant, was incorporated as Underwriters Laboratories (USA) Inc. in 2008 and changed its name to UL Inc. in 2011. In 2012, UL Research Institutes transferred its testing, inspection and certification activities to UL Inc. In 2021, UL Research Institutes transferred its Standards Activities to UL Standards & Engagement, pursuant to the Reorganization, and on June 16, 2022, the Company filed an amendment to its restated certificate of incorporation changing the Company’s name to UL Solutions Inc. UL Research Institutes remains a tax-exempt nonprofit organization and continues to engage in scientific research activities. UL Solutions Inc. remains an indirect subsidiary of UL Research Institutes, with the same goal of advancing public safety. Our corporate headquarters are located at 333 Pfingsten Road, Northbrook, Illinois 60062.

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Here are 1-3 brief analogies to describe UL Solutions (ULS):

UL Solutions is like the 'Intel Inside' for product safety, placing a trusted certification mark on billions of products worldwide.
UL Solutions is like the FDA or FAA for industrial and consumer products, but as an independent third-party certifier ensuring safety and compliance.
UL Solutions is a global, scientific version of the Good Housekeeping Seal, providing essential safety testing and certification for businesses worldwide.

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UL Solutions (ULS) provides the following major services:

Testing Services: Independent assessment of products, components, and systems against safety, security, and sustainability standards.
Inspection Services: On-site evaluation of facilities, processes, and systems to ensure compliance with regulatory requirements and industry standards.
Certification Services: Issuance of certifications, including the widely recognized UL Mark, confirming products meet established safety and performance criteria.
Ongoing Certification Services: Continuous monitoring and verification to ensure products maintain compliance with relevant standards over time.
Software Solutions: Cloud-based software, data, and proprietary databases that help customers manage regulatory compliance, supply chain transparency, and sustainability initiatives.
Advisory Services: Expert consulting and guidance to assist customers in managing risks and navigating complex safety, security, and sustainability challenges throughout their product lifecycle.

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UL Solutions (ULS) primarily sells its services and software offerings to other companies globally.

The provided background information does not disclose the names of specific major customer companies. Instead, UL Solutions serves a broad and diverse base of more than 80,000 customers across over 110 countries.

These customers are typically businesses that:

Require independent testing, inspection, and certification (TIC) services for a wide range of products, including industrial and consumer goods, to ensure safety, security, and quality.
Seek software, data, and advisory (S&A) solutions to manage complex regulatory requirements, achieve supply chain transparency, and operationalize sustainability across their product lifecycle processes.
Need global market access services to comply with thousands of global standards and certifications, supported by UL's extensive accreditations and expertise.

UL Solutions' strong relationships are primarily with manufacturers and businesses that produce goods and operate within regulated industries, interacting with them at their manufacturing locations and in UL's laboratories.

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Jennifer F. Scanlon, President and Chief Executive Officer

Jennifer F. Scanlon has served as President and CEO of UL Solutions and a member of its board of directors since 2019. Under her leadership, UL Solutions completed a successful initial public offering on the New York Stock Exchange in April 2024. Prior to joining UL Solutions, she was president and CEO of USG Corporation, a then publicly traded manufacturer of building products, from 2016 to 2019. During her 16 years at USG, she led a significant international expansion, digital transformation, and sustainable products evolution. Scanlon holds an MBA from the University of Chicago Booth School of Business and a Bachelor of Arts from the University of Notre Dame.

Ryan D. Robinson, Executive Vice President and Chief Financial Officer

Ryan D. Robinson has been the Executive Vice President and Chief Financial Officer of UL Solutions since May 2017. In this role, he oversees global strategic and financial planning, corporate development, accounting, treasury, tax, internal audit, sourcing, and business services. Before joining UL Solutions, Robinson served as Chief Financial Officer and Chief Administrative Officer of Sears Hometown and Outlet Stores Inc., a publicly traded consumer products retailer, from 2014 to 2017. At Sears Hometown and Outlet Stores, he led the corporate, financial, and IT separation from its former parent company. He also spent ten years with Best Buy Co., Inc., holding positions including CFO of the U.S. business, treasurer, and head of corporate development. Robinson earned his Bachelor's of Business Administration from the University of Notre Dame and a master's degree from Northwestern University's Kellogg School of Management. He has also served on the board of several private companies.

Alex Dadakis, Executive Vice President and President, Testing, Inspection and Certification (TIC)

Alex Dadakis assumed the role of Executive Vice President and President of Testing, Inspection and Certification (TIC) in September 2025. He previously served as Executive Vice President and Chief Business Operations and Innovation Officer from January to August 2025. Before his tenure at UL Solutions, Dadakis was Senior Vice President, Global Head of Strategy and Corporate Development at the Germany-based Knauf Group. Prior to that, he was SVP and Chief Customer Experience and Strategy Officer at USG Corporation, beginning in 2017, before its merger with Knauf.

Scott L. D'Angelo, Executive Vice President, Chief Legal Officer and Corporate Secretary

Scott L. D'Angelo joined UL Solutions in April 2025 as Executive Vice President, Chief Legal Officer and Corporate Secretary, leading the legal, brand integrity, ethics, and compliance functions. With over 20 years of experience in corporate and private practice, D'Angelo previously served as Vice President, Chief Legal and Administrative Officer and Corporate Secretary for CTS Corp., a publicly held global designer and manufacturer of sensors, actuators, and electronic components.

John Genovesi, Executive Vice President and President, Risk and Compliance Software

John Genovesi joined UL Solutions in July 2022 as Executive Vice President and President of Risk and Compliance Software. In this role, he leads the R&C Software organization, assisting customers with product innovation, compliance, sustainability, and risk management challenges. Before UL Solutions, Genovesi was Chief Operating Officer of Adapdix, an autonomous manufacturing software company, where he was responsible for business operations and financial management.

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One key risk to UL Solutions' business is the potential challenge in effectively adapting to and capitalizing on the evolving customer demand for next-generation cloud-based software and services. While UL Solutions acknowledges that its customers are increasingly seeking digital and interconnected solutions to bridge traditional testing, inspection, and certification (TIC) needs, and states that its complementary TIC and Software & Advisory (S&A) offerings position it to capitalize on this market need, there is an inherent risk in executing this digital transformation. Failure to continuously innovate, develop, and integrate these advanced digital solutions, or if competitors offer superior cloud-based platforms, could impact UL Solutions' ability to maintain its market leadership and high customer retention rates.

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UL Solutions operates within the global Testing, Inspection, and Certification (TIC) market, as well as the broader software and advisory market encompassing Environmental, Health, and Safety (EHS) software, sustainability software, and sustainability consulting and ESG advisory services.

The global Testing, Inspection, and Certification (TIC) market was estimated at approximately USD 259.55 billion in 2025 and is projected to reach USD 275.39 billion in 2026. This market is expected to grow to USD 442.25 billion by 2034, with a compound annual growth rate (CAGR) of 6.10% from 2026–2034.
The global Environmental Health and Safety (EHS) software market size was estimated at USD 7.06 billion in 2025 and is projected to increase to approximately USD 14.52 billion in 2035, growing at a CAGR of 7.4% between 2026 and 2035.
The global Sustainability Consulting and ESG Advisory Services market was valued at USD 17,034 million (USD 17.034 billion) in 2024. This market is projected to grow to USD 114,409.48 million (USD 114.41 billion) by 2032, with a CAGR of 26.88%.
The global sustainability software market was valued at USD 4.41 billion in 2025 and is estimated to grow to USD 11.94 billion by 2031, at a CAGR of 18.07%.

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UL Solutions (ULS) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Organic Growth Fueled by Megatrends: The company anticipates continued organic revenue growth across its Industrial and Consumer segments. This growth is largely driven by global megatrends such as the energy transition, increasing digitalization (including data centers and artificial intelligence), and a heightened focus on sustainability. Demand remains strong in areas like consumer technology, electromagnetic compatibility (EMC) testing, and fire safety. * Strategic Investments in Global Testing Infrastructure: UL Solutions is making significant capital expenditures to expand its global network of laboratories and advanced testing facilities. This includes new and expanded facilities in various countries, focusing on high-demand areas such as battery, EMC, HVAC, motor, and IoT testing, as well as establishing a Global Fire Science Center of Excellence. These investments enhance capacity to meet evolving customer needs and capitalize on market demand. * Development of Innovative Offerings: The company is actively developing new and innovative services and software solutions, particularly those aligned with environmental, social, and governance (ESG) principles, sustainability, and artificial intelligence. Examples include the launch of AI safety certification and ECOLOGO industrial certification, along with enhancements to its proprietary Ultras software with AI capabilities. * Strategic Acquisitions and Portfolio Refinements: UL Solutions plans to continue supplementing its organic growth with strategic mergers and acquisitions that enhance its capabilities or expand its market footprint. Additionally, the company is undertaking portfolio refinements, such as the recent divestiture of its Employee Health and Safety (EHS) software business and realignment of its Software and Advisory segment, to better focus on core, high-growth offerings that complement its testing, inspection, and certification (TIC) services.

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Outbound Investments

UL Solutions has successfully completed and integrated 54 acquisitions since 2010, supplementing its organic growth.

Capital Expenditures

UL Solutions has made significant investments in its people, laboratories, and digital capabilities.

Interactive Breakdown

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Better Bets vs. UL Solutions (ULS)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	UL Solutions Stock Pre-Market (+15%) : New Plug-In Solar Safety Standard Development	01/28/2026
2	UL Solutions Earnings Notes	01/04/2026
3	null	11/05/2025
4	UL Solutions Stock Jump Looks Great, But How Secure Is That Gain?	10/17/2025
5	Why UL Solutions Stock Moved: ULS Stock Has Gained 55% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)	08/08/2025
6	UL Solutions (ULS) Valuation Ratios Comparison	05/15/2025
7	UL Solutions (ULS) Operating Cash Flow Comparison	02/17/2025
8	ARTICLES
9	Mid Cap Stocks Trading At 52-Week High	11/05/2025

	Title
0	DASHBOARDS
1	UL Solutions Stock Pre-Market (+15%) : New Plug-In Solar Safety Standard Development
2	UL Solutions Earnings Notes
3	null
4	UL Solutions Stock Jump Looks Great, But How Secure Is That Gain?
5	Why UL Solutions Stock Moved: ULS Stock Has Gained 55% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
6	UL Solutions (ULS) Valuation Ratios Comparison
7	UL Solutions (ULS) Operating Cash Flow Comparison
8	ARTICLES
9	Mid Cap Stocks Trading At 52-Week High

Trade Ideas

Select ideas related to ULS.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
PINS_1302026_Dip_Buyer_High_CFO_Margins_ExInd_DE	01302026	PINS	Pinterest	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	-17.1%	-17.1%	-30.3%
VRSK_10172025_Monopoly_xInd_xCD_Getting_Cheaper	10172025	VRSK	Verisk Analytics	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-18.0%	-18.0%	-26.9%
ULS_4302024_Insider_Buying_GTE_1Mil_EBITp+DE_V2	04302024	ULS	UL Solutions	Insider	Insider Buys \| Low D/EStrong Insider Buying Companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap	50.7%	64.6%	-0.7%

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Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
CAR	Avis Budget	15.6	-37.8%	246.0%
NN	NextNav	2.4	-22.2%	5.6%
SON	Sonoco Products	4.7	-16.2%	10.1%
CALX	Calix	2.9	-14.0%	-19.4%
TNL	Travel+Leisure	4.2	-13.6%	-5.9%
ULCC	Frontier	0.9	-11.8%	-20.8%
AMSF	AMERISAFE	0.6	-9.6%	-21.0%
TEL	TE Connectivity	65.0	-9.1%	-2.5%
PHAT	Phathom Pharmaceuticals	0.9	-8.9%	-29.3%
EQPT	EquipmentShare.com	5.4	-8.3%	-34.0%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
POET	POET Technologies	1.1	83.2%	101.7%
NVTS	Navitas Semiconductor	4.1	80.0%	158.7%
MXL	MaxLinear	3.0	54.0%	94.4%
FBYD	Falcons Beyond Global	0.6	43.5%	3.3%
USAR	USA Rare Earth	2.6	38.5%	113.5%
AXTI	AXT	3.9	38.2%	431.7%
INBX	Inhibrx Biosciences	1.8	37.7%	45.7%
NMAX	Newsmax	1.2	37.5%	19.5%
VICR	Vicor	12.0	36.5%	141.8%
WTI	W&T Offshore	0.6	35.4%	140.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
QDEL	QuidelOrtho	0.8	-32.0%	-58.3%
IIIN	Insteel Industries	0.5	-31.6%	-20.9%
AGIO	Agios Pharmaceuticals	1.6	-22.4%	-1.8%
BMI	Badger Meter	3.6	-21.3%	-29.0%
ANAB	AnaptysBio	1.5	-21.1%	10.5%
VSEC	VSE	4.1	-18.6%	5.9%
TNL	Travel+Leisure	4.2	-16.2%	-5.9%
LCID	Lucid	2.2	-15.8%	-34.6%
FMC	FMC	1.8	-15.7%	6.4%
FTAI	FTAI Aviation	23.4	-15.4%	16.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
CAR	Avis Budget	15.6	313.8%	246.0%
AEHR	Aehr Test Systems	2.9	162.1%	382.2%
CBIO	Crescent Biopharma	0.8	144.4%	127.5%
APLS	Apellis Pharmaceuticals	5.2	132.7%	62.8%
FBYD	Falcons Beyond Global	0.6	130.0%	3.3%
POET	POET Technologies	1.1	110.7%	101.7%
SGML	Sigma Lithium	2.4	107.9%	63.2%
LWLG	Lightwave Logic	2.1	104.9%	367.9%
KOD	Kodiak Sciences	2.4	103.2%	61.6%
NVTS	Navitas Semiconductor	4.1	101.2%	158.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PIPR	Piper Sandler Cos	6.0	-70.2%	6.8%
REPL	Replimune	0.2	-67.5%	-76.6%
VRDN	Viridian Therapeutics	1.4	-48.1%	-54.0%
MAZE	Maze Therapeutics	1.2	-45.9%	-36.0%
BUR	Burford Capital	1.0	-39.7%	-47.2%
TASK	TaskUs	0.6	-36.7%	-9.4%
WVE	WAVE Life Sciences	1.3	-36.5%	-56.6%
LCID	Lucid	2.2	-33.0%	-34.6%
QDEL	QuidelOrtho	0.8	-28.1%	-58.3%
ESPR	Esperion Therapeutics	0.5	-24.8%	-46.8%

Peer Comparisons

Peers to compare with:

Financials

	ULS	KEYS	VRSK	WK	FORM	MG	Median
Name	UL Solut.	Keysight.	Verisk A.	Workiva	FormFact.	MISTRAS
Mkt Price	89.89	338.97	178.89	56.02	146.18	18.54	118.03
Mkt Cap	18.1	58.3	24.9	3.2	11.3	0.6	14.7
Rev LTM	3,053	5,677	3,073	885	785	724	1,969
Op Inc LTM	557	906	1,344	-42	60	53	308
FCF LTM	403	1,342	1,192	138	12	4	270
FCF 3Y Avg	314	1,164	978	97	33	11	206
CFO LTM	600	1,472	1,436	140	115	33	370
CFO 3Y Avg	530	1,315	1,211	100	99	37	315

Growth & Margins

	ULS	KEYS	VRSK	WK	FORM	MG	Median
Name	UL Solut.	Keysight.	Verisk A.	Workiva	FormFact.	MISTRAS
Rev Chg LTM	6.4%	13.1%	6.6%	19.7%	2.8%	-0.8%	6.5%
Rev Chg 3Y Avg	6.6%	1.1%	7.2%	18.0%	2.2%	1.8%	4.4%
Rev Chg Q	6.8%	23.3%	5.9%	19.5%	13.6%	5.1%	10.2%
QoQ Delta Rev Chg LTM	1.7%	5.6%	1.4%	4.6%	3.4%	1.2%	2.5%
Op Inc Chg LTM	20.8%	9.2%	7.2%	44.5%	35.2%	19.5%	20.2%
Op Inc Chg 3Y Avg	10.9%	-11.4%	-0.5%	19.0%	101.3%	42.8%	15.0%
Op Mgn LTM	18.2%	16.0%	43.7%	-4.8%	7.6%	7.4%	11.8%
Op Mgn 3Y Avg	16.5%	18.7%	43.2%	-10.1%	5.0%	5.7%	11.1%
QoQ Delta Op Mgn LTM	1.0%	-0.3%	-0.7%	2.7%	2.0%	0.7%	0.9%
CFO/Rev LTM	19.7%	25.9%	46.7%	15.8%	14.7%	4.6%	17.7%
CFO/Rev 3Y Avg	18.4%	24.5%	41.9%	13.0%	13.3%	5.1%	15.9%
FCF/Rev LTM	13.2%	23.6%	38.8%	15.6%	1.5%	0.5%	14.4%
FCF/Rev 3Y Avg	10.9%	21.7%	33.8%	12.7%	4.4%	1.6%	11.8%

Valuation

	ULS	KEYS	VRSK	WK	FORM	MG	Median
Name	UL Solut.	Keysight.	Verisk A.	Workiva	FormFact.	MISTRAS
Mkt Cap	18.1	58.3	24.9	3.2	11.3	0.6	14.7
P/S	5.9	10.3	8.1	3.6	14.4	0.8	7.0
P/Op Inc	32.4	64.4	18.5	-74.5	189.8	11.0	25.5
P/EBIT	35.4	49.2	18.5	-327.9	163.0	15.8	26.9
P/E	55.6	60.6	27.4	-120.8	208.6	34.7	45.2
P/CFO	30.1	39.6	17.3	22.6	98.3	17.7	26.3
Total Yield	2.4%	1.7%	4.7%	-0.8%	0.5%	2.9%	2.0%
Dividend Yield	0.6%	0.0%	1.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	-	3.9%	2.9%	1.8%	1.0%	4.0%	2.9%
D/E	0.0	0.0	0.2	0.3	0.0	0.4	0.1
Net D/E	0.0	0.0	0.1	-0.0	-0.0	0.3	0.0

Returns

	ULS	KEYS	VRSK	WK	FORM	MG	Median
Name	UL Solut.	Keysight.	Verisk A.	Workiva	FormFact.	MISTRAS
1M Rtn	4.5%	17.3%	-10.5%	-8.7%	50.4%	27.6%	10.9%
3M Rtn	23.5%	56.4%	-17.2%	-30.1%	75.1%	28.0%	25.8%
6M Rtn	17.0%	105.8%	-24.3%	-36.7%	254.0%	90.7%	53.9%
12M Rtn	63.1%	150.9%	-38.4%	-18.6%	472.4%	104.6%	83.9%
3Y Rtn	161.8%	128.5%	-7.3%	-42.4%	421.1%	135.6%	132.0%
1M Excs Rtn	-4.0%	8.8%	-19.0%	-17.2%	41.9%	19.1%	2.4%
3M Excs Rtn	19.7%	52.6%	-21.0%	-33.9%	71.3%	24.2%	22.0%
6M Excs Rtn	11.7%	99.8%	-29.6%	-43.4%	225.1%	83.0%	47.3%
12M Excs Rtn	32.1%	118.6%	-75.0%	-53.4%	446.6%	69.0%	50.6%
3Y Excs Rtn	89.8%	49.6%	-77.0%	-116.9%	333.5%	56.1%	52.8%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

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Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/19/2026	2/19/2026	2/20/2025	4/15/2024	11/13/2023	12/22/2022	1/18/2022
Key Financials
Total Revenue	3,053	3,053	2,870	2,678	2,520	2,517	2,301
EBITDA	699	699	642	535	535	417	481
Operating Income	557	557	461	409	412	287	363
Net Income	325	325	326	260	293	224	231
EPS	1.63	1.62	1.63	1.30	1.47	1.12	1.16
Growth Rates
Total Revenue Growth	6.4%	6.4%	7.2%	6.3%	0.1%	9.4%	-0.6%
EBITDA Growth	8.9%	8.9%	20.0%	0.0%	28.3%	-13.3%	2.8%
Operating Income Growth	20.8%	20.8%	12.7%	-0.7%	43.6%	-20.9%	11.0%
Net Income Growth	-0.3%	-0.3%	25.4%	-11.3%	30.8%	-3.0%	-6.1%
Margins
EBITDA Margin	22.9%	22.9%	22.4%	20.0%	21.2%	16.6%	20.9%
Operating Income Margin	18.2%	18.2%	16.1%	15.3%	16.3%	11.4%	15.8%
Net Income Margin	10.6%	10.6%	11.4%	9.7%	11.6%	8.9%	10.0%
Cash & Debt
Total Cash	295	295	298	315	373	1,375	971
Total Debt	683	683	935	1,063	660	154	158
Net Debt / (Cash)	388	388	637	748	287	-1,221	-813
Cash Flows
Net Cash from Operations	600	600	524	467	372	421	487
Free Cash from Operations	403	403	287	252	208	314	368
Returns to Shareholders
Dividends	104	104	100	680	1,600	200	9
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/19/2026	11/4/2025	8/5/2025	5/6/2025	2/20/2025	11/5/2024	7/31/2024	5/20/2024	4/15/2024	11/13/2023	10/10/2023	6/30/2023
Key Financials Quarterly
Total Revenue	789	783	776	705	739	731	730	670	684	676	689	629
Ebitda	165	202	181	151	152	173	188	129	134	119	166	116
Operating Income	153	156	139	109	114	130	126	91	90	126	117	75
Net Income	67	100	91	67	81	88	101	56	58	53	94	55
EPS	0.34	0.50	0.45	0.34	0.41	0.44	0.51	0.28	0.29	0.27	0.47	0.28
Key Financials TTM
Total Revenue TTM	3,053	3,003	2,951	2,905	2,870	2,815	2,760	2,719	2,678	2,623	2,570	2,526
Ebitda TTM	699	686	657	664	642	624	570	548	535	536	545	503
Operating Income TTM	557	518	492	479	461	437	433	424	408	410	399	384
Net Income TTM	325	339	327	337	326	303	268	261	260	280	297	263
Growth Rates Quarterly
Total Revenue Growth	6.8%	7.1%	6.3%	5.2%	8.0%	8.1%	6.0%	6.5%	8.7%	8.5%	6.8%	1.0%
EBITDA Growth	8.6%	16.8%	-3.7%	17.1%	13.4%	45.4%	13.3%	11.2%	-0.7%	-7.0%	33.9%	-21.6%
Operating Income Growth	34.2%	20.0%	10.3%	19.8%	26.7%	3.2%	7.7%	21.3%	-2.2%	9.6%	14.7%	-27.2%
Net Income Growth	-17.3%	13.6%	-9.9%	19.6%	39.7%	66.0%	7.4%	1.8%	-25.6%	-24.3%	56.7%	-35.3%
Margins Quarterly
EBITDA Margin	20.9%	25.8%	23.3%	21.4%	20.6%	23.7%	25.8%	19.3%	19.6%	17.6%	24.1%	18.4%
Operating Income Margin	19.4%	19.9%	17.9%	15.5%	15.4%	17.8%	17.3%	13.6%	13.2%	18.6%	17.0%	11.9%
Net Income Margin	8.5%	12.8%	11.7%	9.5%	11.0%	12.0%	13.8%	8.4%	8.5%	7.8%	13.6%	8.7%
Cash & Debt
Total Cash	295	255	272	267	298	327	295	344	315	457	440	483
Total Debt	683	736	805	843	935	987	938	1,020	1,063	648	649	684
Net Debt / (Cash)	388	481	533	576	637	660	643	676	748	191	209	201
Cash Flows Quarterly
FCF from Operations	144	155	147	154	130	150	103	141	126	121	59	161
Cash Flows TTM
FCF from Operations TTM	600	586	581	537	524	520	491	447	467	421	431	428
Returns to Shareholders Quarterly
Dividends	26	26	26	26	25	25	25	25	620	20	20	20
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	35.1%	36.4%	34.0%	26.2%	32.6%	31.5%	31.1%	23.2%	20.5%	37.7%	36.8%	23.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	34.6%	32.7%	31.5%	31.2%	29.7%	26.2%	26.7%	26.3%	23.6%	33.0%	31.6%	29.5%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Industrial	1,254	1,146	1,044	1,051	965
Consumer	1,238	1,172	1,128	1,138	1,045
Software and Advisory	378	360	348	328	291
Corporate			0	0	0
Total	2,870	2,678	2,520	2,517	2,301

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Industrial	338	308	286	244	253
Consumer	114	45	101	50	105
Software and Advisory	10	15	25	-7	5
Corporate			0	0	0
Total	462	368	412	287	363

Price Behavior

Price Behavior

Market Price	$89.89
Market Cap ($ Bil)	18.1
First Trading Date	04/12/2024
Distance from 52W High	-3.3%
	50 Days	200 Days
DMA Price	$82.99	$76.49
DMA Trend	up	up
Distance from DMA	8.3%	17.5%
	3M	1YR
Volatility	46.1%	39.7%
Downside Capture	-0.10	0.09
Upside Capture	142.15	76.24
Correlation (SPY)	27.8%	21.1%

ULS Betas & Captures as of 3/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.99	1.27	1.29	0.71	0.58	0.04
Up Beta	3.12	1.58	1.82	1.58	0.56	0.15
Down Beta	0.46	2.52	1.44	1.01	0.57	-0.10
Up Capture	149%	175%	151%	63%	72%	29%
Bmk +ve Days	7	16	27	65	139	424
Stock +ve Days	11	23	29	62	134	265
Down Capture	65%	7%	88%	19%	53%	56%
Bmk -ve Days	12	23	33	58	110	323
Stock -ve Days	11	19	33	63	115	223

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

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Based On 5-Year Data

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Based On 10-Year Data

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Short Interest

Short Interest: As Of Date	3312026
Short Interest: Shares Quantity	4.4 Mil
Short Interest: % Change Since 3152026	36.3%
Average Daily Volume	1.1 Mil
Days-to-Cover Short Interest	4.0 days
Basic Shares Quantity	201.0 Mil
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	UL Solutions Stock Jump Looks Great, But How Secure Is That Gain?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/19/2026	16.0%	15.1%	17.2%
11/4/2025	10.6%	10.6%	-2.2%
8/5/2025	-11.5%	-9.3%	-14.0%
5/6/2025	12.3%	17.3%	20.1%
2/20/2025	-2.8%	-3.9%	-3.1%
11/5/2024	-0.8%	-0.7%	4.4%
7/31/2024	10.1%	7.6%	18.8%
5/20/2024	2.2%	12.9%	11.4%
SUMMARY STATS
# Positive	5	5	5
# Negative	3	3	3
Median Positive	10.6%	12.9%	17.2%
Median Negative	-2.8%	-3.9%	-3.1%
Max Positive	16.0%	17.3%	20.1%
Max Negative	-11.5%	-9.3%	-14.0%

	Forward Returns
2/19/2026	16.0%	15.1%	17.2%
11/4/2025	10.6%	10.6%	-2.2%
8/5/2025	-11.5%	-9.3%	-14.0%
5/6/2025	12.3%	17.3%	20.1%
2/20/2025	-2.8%	-3.9%	-3.1%
11/5/2024	-0.8%	-0.7%	4.4%
7/31/2024	10.1%	7.6%	18.8%
5/20/2024	2.2%	12.9%	11.4%
SUMMARY STATS
# Positive	5	5	5
# Negative	3	3	3
Median Positive	10.6%	12.9%	17.2%
Median Negative	-2.8%	-3.9%	-3.1%
Max Positive	16.0%	17.3%	20.1%
Max Negative	-11.5%	-9.3%	-14.0%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/19/2026	10-K
09/30/2025	11/04/2025	10-Q
06/30/2025	08/05/2025	10-Q
03/31/2025	05/06/2025	10-Q
12/31/2024	02/20/2025	10-K
09/30/2024	11/05/2024	10-Q
06/30/2024	07/31/2024	10-Q
03/31/2024	05/20/2024	10-Q
12/31/2023	04/15/2024	424B4
09/30/2023	11/13/2023	S-1
06/30/2023	10/10/2023	DRS/A
03/31/2023	06/30/2023	DRS/A
09/30/2022	12/22/2022	DRS/A
03/31/2022	07/19/2022	DRS/A
12/31/2020	01/18/2022	DRS

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/19/2026

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2026 Adjusted EBITDA margin	26.5%	26.75%	27.0%	7.0%	1.8%	Raised	Guidance: 25.0% for 2025
2026 Effective tax rate		26.0%		2.0%	0.5%	Raised	Guidance: 25.5% for 2025
2026 Capital expenditures	0.07	0.07	0.08	11.1%	0.8%	Raised	Guidance: 0.07 for 2025

Prior: Q3 2025 Earnings Reported 11/4/2025

Forward Guidance				Guidance Change
Metric	Low	Mid	High	% Chg	% Delta	Change	Prior
2025 Organic Revenue Growth	5.5%	5.75%	6.0%	15.0%	0.8%	Raised	Guidance: 5.0% for 2025
2025 Adjusted EBITDA Margin		25.0%		4.2%	1.0%	Raised	Guidance: 24.0% for 2025
2025 Capital Expenditures	0.07	0.07	0.07	-10.0%	-0.8%	Lowered	Guidance: 0.07 for 2025
2025 Effective Tax Rate	25.0%	25.5%	26.0%	-1.9%	-0.5%	Lowered	Guidance: 26.0% for 2025
2025 Restructuring Expenses	42.00 Mil	44.50 Mil	47.00 Mil			Higher New
2027 Annual Operating Income Improvement	25.00 Mil	27.50 Mil	30.00 Mil			Higher New

Insider Activity

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ULS Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

How Is The Market Pricing ULS?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What ULS Makes & Who Pays

TTM figures based on

ULS Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

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UL Solutions (ULS)

Market Price (4/23/2026): $89.87 | Market Cap: $18.1 BilSector: null | Industry:

UL Solutions (ULS)

Market Price (4/23/2026): $89.87Market Cap: $18.1 BilSector: nullIndustry:

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Market Price (4/23/2026): $89.87 | Market Cap: $18.1 Bil
Sector: null | Industry:

Market Price (4/23/2026): $89.87
Market Cap: $18.1 Bil
Sector: null
Industry: