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UL Solutions Inc.

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UL Solutions Inc (NYSE: ULS) is a testing, inspection, and certification company that evaluates products and systems for safety, performance, and regulatory compliance. It makes money by charging fees for testing, certification, inspection, auditing, and advisory services delivered to manufacturers and other organizations seeking third-party validation. The filing excerpts from the 10-K filed 2026-02-19 do not provide sufficient detail on segment revenue splits, customer concentration, geographic mix, founding year, CEO tenure, or named competitors to support further specifics. Based solely on the available excerpts, ULS operates as a fee-for-service verification intermediary sitting between product manufacturers and the regulatory or market-access requirements those manufacturers must satisfy.

Products & Services

Testing, inspection, and certification services; safety and performance evaluation; regulatory compliance auditing; advisory services.

Revenue Model

Fee-for-service model: customers pay for testing, certification, inspection, auditing, and advisory engagements. Revenue is transactional and recurring as products require periodic re-certification or ongoing compliance monitoring.

Customers & Markets

Manufacturers and organizations requiring third-party product safety and compliance validation. Specific end markets, customer names, and concentration data are not supported by the available filing excerpts.

Geographic Exposure

Not supported by the available filing excerpts.

Financial Snapshot

Revenue
TTM
$3.146B
Gross Margin
TTM
50.34%
Net Income
TTM
$505.0M
Current Assets
2026 Q2
Current Liabilities
2026 Q2
Current Ratio
2026 Q2
142.49%
Total Assets
2026 Q2
Total Liabilities
2026 Q2
Book Value
2026 Q2
$1.620B
Cash
2026 Q2
P/E
TTM
29.52
Free Cash Flow
TTM
$436.0M

Stock Price

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Market Cap: $14.906 Billion

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