$ULS Market Cap: $10.73 Billion
Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue
$2.131B
TTM
Gross Margin
48.91%
TTM
Net Earnings
$245.0M
TTM
Current Assets
$921.0M
Q4 2024
Current Liabilities
$740.0M
Q4 2024
Current Ratio
124.46%
Q4 2024
Total Assets
$2.800B
Q4 2024
Total Liabilities
$1.869B
Q4 2024
Book Value
$931.0M
Q4 2024
Cash
$298.0M
Q4 2024
P/E
43.81
Nov 29, 2024 EST
Free Cash Flow
$215.0M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021
Revenue $2.870B $2.678B $2.520B $2.517B
YoY Change 7.17% 6.27% 0.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021
Revenue $2.870B $2.678B $2.520B $2.517B
Cost Of Revenue $1.477B $1.398B $1.313B $1.338B
Gross Profit $1.393B $1.280B $1.207B $1.179B
Gross Profit Margin 48.54% 47.8% 47.9% 46.84%

Selling, General & Admin Expense

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operating Profits/Loss YoY Change

Operating Earnings to Gross Profit Ratio

Operating Profit Margin

Operational Expenses

Concept 2024 2023 2022 2021
Selling, General & Admin $931.0M $860.0M $779.0M $871.0M
YoY Change 8.26% 10.4% -10.56%
% of Gross Profit 66.83% 67.19% 64.54% 73.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $172.0M $154.0M $135.0M $142.0M
YoY Change 11.69% 14.07% -4.93%
% of Gross Profit 12.35% 12.03% 11.18% 12.04%
Operating Expenses $931.0M $875.0M $795.0M $892.0M
YoY Change 6.4% 10.06% -10.87%
Operating Profit $462.0M $405.0M $412.0M $287.0M
YoY Change 14.07% -1.7% 43.55%
Operating Profit To Gross Profit 33.17% 31.64% 34.13% 24.34%
Operating Profit To Revenue 16.1% 15.12% 16.35% 11.4%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021
Interest Expense $4.000M -$17.00M -$3.000M $15.00M
YoY Change -123.53% 466.67% -120.0%
% of Operating Profit 0.87% -4.2% -0.73% 5.23%
Other Income/Expense, Net $8.000M -$5.000M -$26.00M -$28.00M
YoY Change -260.0% -80.77% -7.14%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021
Pretax Income $415.0M $346.0M $383.0M $274.0M
YoY Change 19.94% -9.66% 39.78%
Income Tax $70.00M $70.00M $74.00M $36.00M
% Of Pretax Income 16.87% 20.23% 19.32% 13.14%
Net Earnings $326.0M $260.0M $293.0M $224.0M
YoY Change 25.38% -11.26% 30.8%
Net Earnings / Revenue 11.36% 9.71% 11.63% 8.9%
Basic Earnings Per Share $1.63 $1.30 $1.47
Diluted Earnings Per Share $1.62 $1.30 $1.47 $1.12

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 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

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021
Basic Shares Outstanding 200.0M shares 200.0M shares 200.0M shares
Diluted Shares Outstanding 201.0M shares 200.0M shares 200.0M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

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 Exponent Inc FTI Consulting Inc Jacobs Solutions Inc KBR Inc Science Applications International Corp TransUnion