UL Solutions Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 |
|---|---|---|---|---|
| Revenue | $3.1B | $2.9B | $2.7B | $2.5B |
| Operating income | $522.0M | $462.0M | $368.0M | $412.0M |
| Cost of revenue | $1.5B | $1.5B | $1.4B | $1.3B |
| Cash from operations | $600.0M | $524.0M | $467.0M | $372.0M |
| Capital expenditure | $197.0M | $237.0M | $215.0M | $164.0M |
| Free cash flow | $403.0M | $287.0M | $252.0M | $208.0M |
| Impairments | $0 | $0 | $37.0M | $0 |
| Total assets | $2.9B | $2.8B | $2.7B | — |
| Total liabilities | $1.6B | $1.9B | $2.1B | — |
| Total debt | $494.0M | $747.0M | $910.0M | — |
Shares outstanding 201.6M · Free float 37.9%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.