UL Solutions Inc. (ULS) Quarterly Income Statement

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UL Solutions Inc. (ULS) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

ULS Income Statement

UL Solutions Inc. (ULS) annual income statement — 6-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22

Sales/Revenue	816M	758M	789M	783M	776M	705M	739M	731M	730M	670M	684M	676M	689M	629M	629M	623M
Revenue Growth %	5.15%	7.52%	6.77%	7.11%	6.3%	5.22%	8.04%	8.14%	5.95%	6.52%	8.74%	8.51%	-	-	-	-
Cost of Goods Sold	399M	377M	403.18M	389M	396M	367M	389M	373M	364M	351M	367M	344M	352M	335M	317M	329M
COGS % of Revenue	48.9%	49.74%	51.1%	49.68%	51.03%	52.06%	52.64%	51.03%	49.86%	52.39%	53.65%	50.89%	51.09%	53.26%	50.4%	52.81%
Gross Profit	417M	381M	385.82M	394M	380M	338M	350M	358M	366M	319M	317M	332M	337M	294M	312M	294M
Gross Margin %	51.1%	50.26%	48.9%	50.32%	48.97%	47.94%	47.36%	48.97%	50.14%	47.61%	46.34%	49.11%	48.91%	46.74%	49.6%	47.19%
Gross Profit Growth %	9.74%	12.72%	10.23%	10.06%	3.83%	5.96%	10.41%	7.83%	8.61%	8.5%	1.6%	12.93%	-	-	-	-
Operating Expenses	267M	243M	267.47M	238M	241M	229M	235M	228M	240M	228M	230M	205M	220M	219M	220M	179M
OpEx % of Revenue	32.72%	32.06%	33.9%	30.4%	31.06%	32.48%	31.8%	31.19%	32.88%	34.03%	33.63%	30.33%	31.93%	34.82%	34.98%	28.73%
Selling, General & Admin	267M	243M	267.47M	238M	241M	229M	235M	228M	240M	228M	230M	205M	220M	219M	220M	179M
SG&A % of Revenue	32.72%	32.06%	33.9%	30.4%	31.06%	32.48%	31.8%	31.19%	32.88%	34.03%	33.63%	30.33%	31.93%	34.82%	34.98%	28.73%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	150M	138M	118.35M	156M	139M	109M	115M	130M	126M	91M	87M	127M	117M	75M	92M	115M
Operating Margin %	18.38%	18.21%	15%	19.92%	17.91%	15.46%	15.56%	17.78%	17.26%	13.58%	12.72%	18.79%	16.98%	11.92%	14.63%	18.46%
Operating Income Growth %	7.91%	26.61%	2.91%	20%	10.32%	19.78%	32.18%	2.36%	7.69%	21.33%	-5.43%	10.43%	-	-	-	-
EBITDA	343M	185M	217M	202M	185M	154M	162M	173M	167M	132M	130M	164M	155M	111M	125M	149M
EBITDA Margin %	42.03%	24.41%	27.5%	25.8%	23.84%	21.84%	21.92%	23.67%	22.88%	19.7%	19.01%	24.26%	22.5%	17.65%	19.87%	23.92%
EBITDA Growth %	85.41%	20.13%	33.95%	16.76%	10.78%	16.67%	24.62%	5.49%	7.74%	18.92%	4%	10.07%	-	-	-	-
D&A (Non-Cash Add-back)	0	47M	98.65M	46M	46M	45M	47M	43M	41M	41M	43M	37M	38M	36M	33M	34M
EBIT	343M	137M	105.7M	155M	135M	106M	105M	128M	147M	88M	91M	82M	128M	80M	102M	94M
Net Interest Income	-5M	-7M	-9M	-9M	-9M	-11M	-12M	-13M	-12M	-15M	-12M	-7M	-8M	-8M	-7M	-5M
Interest Income	0	1M	0	1M	1M	1M	1M	1M	1M	0	0	0	0	0	0	0
Interest Expense	5M	8M	9M	10M	10M	12M	13M	14M	13M	15M	12M	7M	8M	8M	7M	5M
Other Income/Expense	188M	-9M	-21.65M	-10M	-14M	-15M	-23M	-14M	8M	-18M	-8M	-52M	3M	-3M	3M	-26M
Pretax Income	338M	129M	96.7M	146M	125M	94M	92M	116M	134M	73M	79M	75M	120M	72M	95M	89M
Pretax Margin %	41.42%	17.02%	12.26%	18.65%	16.11%	13.33%	12.45%	15.87%	18.36%	10.9%	11.55%	11.09%	17.42%	11.45%	15.1%	14.29%
Income Tax	84M	32M	25.7M	40M	28M	23M	7M	22M	28M	13M	17M	18M	21M	14M	13M	16M
Effective Tax Rate %	24.85%	24.81%	26.58%	27.4%	22.4%	24.47%	7.61%	18.97%	20.9%	17.81%	21.52%	24%	17.5%	19.44%	13.68%	17.98%
Net Income	246M	92M	66M	100M	91M	67M	81M	88M	101M	56M	58M	53M	94M	55M	78M	70M
Net Margin %	30.15%	12.14%	8.37%	12.77%	11.73%	9.5%	10.96%	12.04%	13.84%	8.36%	8.48%	7.84%	13.64%	8.74%	12.4%	11.24%
Net Income Growth %	170.33%	37.31%	-18.52%	13.64%	-9.9%	19.64%	39.66%	66.04%	7.45%	1.82%	-25.64%	-24.29%	-	-	-	-
Net Income (Continuing)	254M	97M	71M	106M	97M	71M	85M	94M	106M	60M	62M	57M	99M	58M	82M	73M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	25M	17M	32M	27M	20M	14M	27M	24M	17M	12M	24M	19M	15M	26M	23M	19M
EPS (Diluted)	1.21	0.45	0.32	0.49	0.45	0.33	0.40	0.44	0.51	0.28	0.29	0.27	0.47	0.28	0.39	0.35
EPS Growth %	168.89%	36.36%	-20%	11.36%	-11.76%	17.86%	37.93%	62.96%	8.51%	0%	-25.64%	-22.86%	-	-	-	-
EPS (Basic)	1.22	0.46	0.33	0.50	0.45	0.34	0.40	0.44	0.51	0.28	0.29	0.27	0.47	0.28	0.39	0.35
Diluted Shares Outstanding	204M	204M	204M	203M	203M	203M	202M	200.02M	200.01M	200M	200M	200M	200M	200M	200M	200M
Basic Shares Outstanding	201M	201M	201M	201M	201M	200M	200M	200M	200.01M	200M	200M	200M	200M	200M	200M	200M
Dividend Payout Ratio	11.79%	31.52%	39.39%	26%	28.57%	38.81%	30.86%	28.41%	24.75%	44.64%	34.48%	37.74%	21.28%	36.36%	-	-