UL Solutions Inc. (ULS) Earnings History
Annual and quarterly earnings data from 2020 to 2025
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ULS EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
ULS Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 49.1% | 17.1% | 10.6% |
| 2024 | 48.1% | 16.1% | 11.4% |
| 2023 | 47.2% | 15.1% | 9.7% |
| 2022 | 47.9% | 16.3% | 11.6% |
| 2021 | 46.8% | 11.4% | 8.9% |
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UL Solutions Inc. (ULS) Earnings Overview
As of May 6, 2026, UL Solutions Inc. (ULS) reported trailing twelve-month net income of $349M, reflecting -1.2% year-over-year growth. The company earned $1.71 per diluted share over the past four quarters, with a net profit margin of 10.6%.
Looking at the long-term picture, ULS's 5-year EPS compound annual growth rate (CAGR) stands at +6.6%, showing solid earnings momentum. The company achieved its highest annual net income of $326M in fiscal 2024.
UL Solutions Inc. maintains positive profitability with a gross margin of 49.1%, operating margin of 17.1%, and net margin of 10.6%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including BV ($38M net income, 2.1% margin), NVT ($492M net income, 18.2% margin), TRU ($705M net income, 10.0% margin), ULS has outperformed on profitability metrics. Compare ULS vs BV →
ULS Earnings vs Peers
Earnings metrics vs comparable public companies
ULS Historical Earnings Data (2020–2025)
6 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $325M | -0.3% | $522M | $1.60 | 10.6% | 17.1% |
| 2024 | $326M | +25.4% | $462M | $1.62 | 11.4% | 16.1% |
| 2023 | $260M | -11.3% | $405M | $1.30 | 9.7% | 15.1% |
| 2022 | $293M | +30.8% | $412M | $1.47 | 11.6% | 16.3% |
| 2021 | $224M | -3.0% | $287M | $1.12 | 8.9% | 11.4% |
| 2020 | $231M | - | $363M | $1.16 | 10.0% | 15.8% |
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Start ComparisonULS — Frequently Asked Questions
Quick answers to the most common questions about buying ULS stock.
Is ULS growing earnings?
ULS EPS of $1.71 reflects slowing growth at -1.2%, below the 5-year CAGR of +6.6%. TTM net income is $349M. Expansion rate has moderated.
What are ULS's profit margins?
UL Solutions Inc. net margin is +10.6%, with operating margin at +17.1%. Margins sit within typical range for the sector.
How consistent are ULS's earnings?
ULS earnings data spans 2020-2025. The current earnings trend is -1.2% YoY. Historical data enables comparison across business cycles.