Financial Snapshot

Revenue
$2.815B
TTM
Gross Margin
48.27%
TTM
Net Earnings
$303.0M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
131.14%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$896.0M
Q3 2024
Cash
Q3 2024
P/E
35.43
Nov 29, 2024 EST
Free Cash Flow
$282.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021
Revenue $2.678B $2.520B $2.517B
YoY Change 6.27% 0.12%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021
Revenue $2.678B $2.520B $2.517B
Cost Of Revenue $1.398B $1.313B $1.338B
Gross Profit $1.280B $1.207B $1.179B
Gross Profit Margin 47.8% 47.9% 46.84%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021
Selling, General & Admin $860.0M $779.0M $871.0M
YoY Change 10.4% -10.56%
% of Gross Profit 67.19% 64.54% 73.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $154.0M $135.0M $142.0M
YoY Change 14.07% -4.93%
% of Gross Profit 12.03% 11.18% 12.04%
Operating Expenses $875.0M $795.0M $892.0M
YoY Change 10.06% -10.87%
Operating Profit $405.0M $412.0M $287.0M
YoY Change -1.7% 43.55%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021
Interest Expense -$17.00M -$3.000M $15.00M
YoY Change 466.67% -120.0%
% of Operating Profit -4.2% -0.73% 5.23%
Other Income/Expense, Net -$5.000M -$26.00M -$28.00M
YoY Change -80.77% -7.14%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021
Pretax Income $346.0M $383.0M $274.0M
YoY Change -9.66% 39.78%
Income Tax $70.00M $74.00M $36.00M
% Of Pretax Income 20.23% 19.32% 13.14%
Net Earnings $260.0M $293.0M $224.0M
YoY Change -11.26% 30.8%
Net Earnings / Revenue 9.71% 11.63% 8.9%
Basic Earnings Per Share
Diluted Earnings Per Share $1.30 $1.47 $1.12

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021
Cash & Short-Term Investments $315.0M $373.0M $1.375B
YoY Change -15.55% -72.87%
Cash & Equivalents $315.0M $322.0M $1.328B
Short-Term Investments $0.00 $51.00M $47.00M
Other Short-Term Assets $48.00M $38.00M $67.00M
YoY Change 26.32% -43.28%
Inventory
Prepaid Expenses
Receivables $541.0M $547.0M $557.0M
Other Receivables $49.00M $40.00M $0.00
Total Short-Term Assets $953.0M $998.0M $1.999B
YoY Change -4.51% -50.08%
Property, Plant & Equipment $706.0M $637.0M $602.0M
YoY Change 10.83% 5.81%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $64.00M $62.00M $48.00M
YoY Change 3.23% 29.17%
Other Assets $179.0M $176.0M $196.0M
YoY Change 1.7% -10.2%
Total Long-Term Assets $1.783B $1.722B $1.663B
YoY Change 3.54% 3.55%
Total Assets $2.736B $2.720B $3.662B
YoY Change
Accounts Payable $169.0M $153.0M $179.0M
YoY Change 10.46% -14.53%
Accrued Expenses $320.0M $353.0M $477.0M
YoY Change -9.35% -26.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $709.0M $694.0M $792.0M
YoY Change 2.16% -12.37%
Long-Term Debt $904.0M $499.0M $0.00
YoY Change 81.16%
Other Long-Term Liabilities $445.0M $450.0M $523.0M
YoY Change -1.11% -13.96%
Total Long-Term Liabilities $1.349B $949.0M $523.0M
YoY Change 42.15% 81.45%
Total Liabilities $2.082B $1.666B $1.351B
YoY Change 24.97% 23.32%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $10.734 Billion

About UL Solutions Inc.

UL Solutions Inc is a US-based company operating in Professional Services industry. The company is headquartered in Northbrook, Illinois and currently employs 14,892 full-time employees. The company went IPO on 2024-04-12. UL Solutions Inc. is a global safety science company. The firm provides independent testing, inspection and certification (TIC) services and related software and advisory (S&A) offerings to customers worldwide. Its segments include Industrial, Consumer, and Software and Advisory. Industrial segment provides TIC services to help ensure that its customers' industrial products meet or exceed international standards for product safety, performance, cybersecurity and sustainability. Its services serve end markets such as energy, industrial automation, engineered materials and built environment. Consumer segment provides a variety of global product market acceptance and risk mitigation services for customers in the consumer products end market, including consumer electronics, medical devices, information technologies and appliances. The S&A business offers complementary software and advisory solutions. The company also specializes in performance testing of cells, small modules and battery systems.

Industry: Services-Testing Laboratories Peers: Booz Allen Hamilton Holding Corp CACI INTERNATIONAL INC /DE/ EXPONENT INC FTI CONSULTING, INC JACOBS SOLUTIONS INC. KBR, INC. Science Applications International Corp TransUnion