UL Solutions
Tests, inspects and certifies products while supplying compliance software and advisory services.
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Profile
Provides independent testing, inspection and certification across industrial and consumer markets, with software and advisory services for regulatory, supply-chain and sustainability workflows. Ongoing certification links the UL Mark to follow-up conformity work, while a nonprofit affiliate retains voting control.
Provides independent testing, inspection and certification, plus software and advisory services, across industrial and consumer markets. Industrial and Consumer apply the test-and-certify model, while Risk & Compliance Software supports regulatory, supply-chain and sustainability workflows.
Turns initial testing into ongoing certification services through the UL Mark and follow-up conformity work, serving a global customer base. This links laboratory evidence, recognized certification marks and recurring surveillance as products and requirements change.
Demand depends on manufacturers and other customers continuing to need independent safety, compliance and market-access evidence. The commercial company also relies on standards-library access, trademarks and shared support arrangements with affiliated nonprofit organizations. UL Standards & Engagement retains high-vote shares and voting control.
Company facts
Key statistics
Year to date −7.9% · Average volume (30d) 855.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Goldman Sachs | Target | $79 | $86 | ||
| Aug 5, 2026 | Robert W. Baird | Target | $96 | $95 | ||
| Jul 14, 2026 | UBS | Upgrade | Neutral | Buy | ||
| May 6, 2026 | UBS | Reiterate | Neutral | $90 | $110 | |
| May 6, 2026 | Raymond James | Target | $72 | $115 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.56 | $0.59 | +5.4% | $813.6M | $816.0M | +0.3% | −13.96% |
| May 5, 2026Q1 FY26 | $0.41 | $0.50 | +21.1% | $748.5M | $758.0M | +1.3% | +0.14% |
| Feb 19, 2026Q4 FY25 | $0.45 | $0.53 | +19.0% | $782.4M | $789.0M | +0.8% | −2.99% |
| Nov 4, 2025Q3 FY25 | $0.47 | $0.56 | +18.6% | $770.9M | $783.0M | +1.6% | −1.36% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $705.0M | $776.0M | $783.0M | $789.0M | $758.0M | $816.0M | |
| Gross profit | $338.0M | $380.0M | $394.0M | $385.8M | $381.0M | $417.0M | |
| Operating income | $109.0M | $139.0M | $156.0M | $118.4M | $138.0M | $150.0M | |
| Net income | $67.0M | $91.0M | $100.0M | $66.0M | $92.0M | $246.0M | |
| Diluted EPS | $0.33 | $0.45 | $0.49 | $0.32 | $0.45 | $1.21 | |
| Gross margin | 47.9% | 49.0% | 50.3% | 48.9% | 50.3% | 51.1% | |
| Operating margin | 15.5% | 17.9% | 19.9% | 15.0% | 18.2% | 18.4% |
Fiscal years (4-quarter sums)FY22 $2.52B · FY23 $2.68B · FY24 $2.87B · FY25 $3.05B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $434.0M · Total debt $551.0M · Total assets $3.12B · Shareholders' equity $1.60B
Dividends
Last raised to $0.145 from $0.13 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 8 | $0.145 | |
| Mar 2, 2026 | Mar 2 | Mar 12 | $0.145 | raised from $0.13 |
| Nov 28, 2025 | Nov 28 | Dec 8 | $0.13 | |
| Aug 29, 2025 | Aug 29 | Sep 8 | $0.13 | |
| May 30, 2025 | May 30 | Jun 9 | $0.13 | |
| Feb 28, 2025 | Feb 28 | Mar 10 | $0.13 | raised from $0.125 |
| Nov 29, 2024 | Nov 29 | Dec 9 | $0.125 | |
| Aug 30, 2024 | Aug 30 | Sep 9 | $0.125 |
Ownership
Shares outstanding 201.00M · Float 198.19M · 98.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| ULSE Inc. | 123.76M | 61.60% | 13G | Feb 10, 2026 |
| BlackRock, Inc. | 7.13M | 3.55% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 6.92M | 3.44% | 13F | Aug 14, 2026 |
| Capital International Investors | 6.12M | 3.04% | 13F | Aug 12, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 4.69M | 2.34% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Jennifer F. Scanlon | director, officer: President and CEO | −12,500 | $92.08 |
| Jul 1, 2026 | Jennifer F. Scanlon | director, officer: President and CEO | −12,500 | $99.22 |
| Jun 9, 2026 | Karen K. Pepping | officer: Senior VP & CAO | −725 | $97.74 |
| Jun 3, 2026 | Gitte Schjotz | officer: See Remarks | −9,865 | $96.98 |
| Jun 2, 2026 | Gitte Schjotz | officer: See Remarks | −12,015 | $99.71 |
Peers
Not reported.