UL Solutions Inc. (ULS) Earnings History
Steady Earner6 years of earnings data (2020–2025) · Positive but moderate multi-year EPS trajectory
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UL Solutions Inc. (ULS) Earnings Overview
As of June 21, 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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ULS — Frequently Asked Questions
Quick answers to the most common questions about buying ULS stock.
What is ULS earnings per share (EPS)?
ULS trailing twelve-month (TTM) diluted EPS is $1.71, reflecting -1.2% year-over-year growth. The 5-year EPS CAGR is +6.6%. Complete EPS history from 2020 to 2025 is available in the table on this page.
What is UL Solutions Inc.'s net income?
UL Solutions Inc. (ULS) trailing twelve-month net income is $349M as of 2025. Earnings declined -1.2% year-over-year. UL Solutions Inc. has been profitable for 6 consecutive years.
Is ULS profitable?
Yes, ULS is profitable with a TTM net income of $349M and a net profit margin of +10.6%. UL Solutions Inc. has generated profits for 6 consecutive years.
What is ULS's earnings growth rate?
ULS compound annual EPS growth rates (CAGR): 1-Year: -1.2%, 3-Year: +2.9%, 5-Year: +6.6%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2020 to 2025.
What are ULS's profit margins?
UL Solutions Inc. net profit margin is +10.6%, operating margin is +17.1%, and gross margin is +49.1%. Margins are within a typical range for the sector. Return on Equity is +29.2%.
Is ULS growing earnings?
ULS earnings growth is slowing. Current YoY EPS growth of -1.2% trails the 5-year CAGR of +6.6%. TTM net income is $349M.
What was ULS's best earnings year?
UL Solutions Inc.'s highest annual net income on record is $326M, achieved in fiscal year 2024. Earnings history on this page spans 2020 to 2025 and includes all annual and quarterly figures.
What were ULS's earnings last quarter?
ULS's most recent reported quarter was Q1 2026. Net income was $92M with diluted EPS of $0.45. For a full breakdown of all quarters, see the quarterly earnings table on this page.