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UL Solutions Inc. (ULS) Stock Fundamental Analysis & AI Rating 2026

ULS NYSE Services-Testing Laboratories DE CIK: 0001901440
Recently Updated • Analysis: Apr 18, 2026 • SEC Data: 2025-12-31
BUY
75% Conf
Pending
Analysis scheduled

📊 ULS Key Takeaways

Revenue: $3.1B
Net Margin: 10.6%
Free Cash Flow: $403.0M
Current Ratio: 1.32x
Debt/Equity: 0.39x
EPS: $1.60
AI Rating: BUY with 75% confidence
UL Solutions Inc. (ULS) receives a BUY rating with 75% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $3.1B, net profit margin of 10.6%, and return on equity (ROE) of 25.8%, UL Solutions Inc. demonstrates strong fundamentals in the Services sector. Below is our complete ULS stock analysis for 2026.

Is UL Solutions Inc. (ULS) a Good Investment?

Claude

UL Solutions demonstrates strong fundamental strength with 6.4% revenue growth, excellent free cash flow generation ($403M), and exceptional profitability metrics (17.1% operating margin, 25.8% ROE). However, net income declined 5.8% YoY despite revenue growth, signaling margin compression that warrants monitoring. The company maintains a conservative balance sheet and generates substantial cash, supporting its business model.

Why Buy UL Solutions Inc. Stock? ULS Key Strengths

Claude
  • + Strong revenue growth at 6.4% YoY reaching $3.1B
  • + Exceptional free cash flow generation of $403M (13.2% FCF margin)
  • + Industry-leading profitability: 17.1% operating margin and 25.8% ROE
  • + Conservative capital structure with 0.39x Debt/Equity ratio
  • + Robust operating cash flow of $600M supporting sustainability

ULS Stock Risks: UL Solutions Inc. Investment Risks

Claude
  • ! Net income decline of 5.8% YoY despite 6.4% revenue growth indicates margin compression
  • ! Relatively tight liquidity with 1.32x current ratio
  • ! Missing gross profit and interest coverage data limits analysis completeness
  • ! High insider activity (39 Form 4 filings in 90 days) may signal uncertainty
  • ! Long-term debt of $491M without interest coverage visibility creates transparency risk

Key Metrics to Watch

Claude
  • * Net income trajectory and operating margin trends to assess margin compression
  • * Operating cash flow sustainability and free cash flow generation
  • * Debt/Equity ratio and interest coverage as capital structure evolves

UL Solutions Inc. (ULS) Financial Metrics & Key Ratios

Revenue
$3.1B
Net Income
$325.0M
EPS (Diluted)
$1.60
Free Cash Flow
$403.0M
Total Assets
$2.9B
Cash Position
$295.0M

💡 AI Analyst Insight

UL Solutions Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

ULS Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 17.1%
Net Margin 10.6%
ROE 25.8%
ROA 11.1%
FCF Margin 13.2%

ULS vs Services Sector: How UL Solutions Inc. Compares

How UL Solutions Inc. compares to Services sector averages

Net Margin
ULS 10.6%
vs
Sector Avg 10.0%
ULS Sector
ROE
ULS 25.8%
vs
Sector Avg 16.0%
ULS Sector
Current Ratio
ULS 1.3x
vs
Sector Avg 1.5x
ULS Sector
Debt/Equity
ULS 0.4x
vs
Sector Avg 0.7x
ULS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is UL Solutions Inc. Stock Overvalued? ULS Valuation Analysis 2026

Based on fundamental analysis, UL Solutions Inc. appears fundamentally strong relative to the Services sector in 2026.

Return on Equity
25.8%
Sector avg: 16%
Net Profit Margin
10.6%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.39x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

UL Solutions Inc. Balance Sheet: ULS Debt, Cash & Liquidity

Current Ratio
1.32x
Quick Ratio
1.32x
Debt/Equity
0.39x
Debt/Assets
55.7%
Interest Coverage
N/A
Long-term Debt
$491.0M

ULS Revenue & Earnings Growth: 5-Year Financial Trend

ULS 5-year financial data: Year 2024: Revenue $2.9B, Net Income $293.0M, EPS $1.47. Year 2025: Revenue $3.1B, Net Income $260.0M, EPS $1.30.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: UL Solutions Inc.'s revenue has shown modest growth of 6% over the 5-year period. The most recent EPS of $1.30 reflects profitable operations.

ULS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
13.2%
Free cash flow / Revenue

ULS Quarterly Earnings & Performance

Quarterly financial performance data for UL Solutions Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $731.0M $88.0M $0.44
Q2 2025 $730.0M $91.0M $0.45
Q1 2025 $670.0M $56.0M $0.28
Q3 2024 $676.0M $53.0M $0.27
Q2 2024 $689.0M $94.0M $0.47
Q1 2024 $629.0M $55.0M $0.28

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

UL Solutions Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$600.0M
Cash generated from operations
Capital Expenditures
$197.0M
Investment in assets
Dividends Paid
$104.0M
Returned to shareholders

ULS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for UL Solutions Inc. (CIK: 0001901440)

📋 Recent SEC Filings

Date Form Document Action
Apr 13, 2026 8-K d900814d8k.htm View →
Apr 7, 2026 4 xslF345X06/form4.xml View →
Apr 7, 2026 4 xslF345X06/form4.xml View →
Apr 3, 2026 4 xslF345X06/form4.xml View →
Apr 3, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about ULS

What is the AI rating for ULS?

UL Solutions Inc. (ULS) has an AI rating of BUY with 75% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ULS's key strengths?

Claude: Strong revenue growth at 6.4% YoY reaching $3.1B. Exceptional free cash flow generation of $403M (13.2% FCF margin).

What are the risks of investing in ULS?

Claude: Net income decline of 5.8% YoY despite 6.4% revenue growth indicates margin compression. Relatively tight liquidity with 1.32x current ratio.

What is ULS's revenue and growth?

UL Solutions Inc. reported revenue of $3.1B.

Does ULS pay dividends?

UL Solutions Inc. pays dividends, with $104.0M distributed to shareholders in the trailing twelve months.

Where can I find ULS SEC filings?

Official SEC filings for UL Solutions Inc. (CIK: 0001901440) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ULS's EPS?

UL Solutions Inc. has a diluted EPS of $1.60.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is ULS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, UL Solutions Inc. has a BUY rating with 75% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is ULS stock overvalued or undervalued?

Valuation metrics for ULS: ROE of 25.8% (sector avg: 16%), net margin of 10.6% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

Should I buy ULS stock in 2026?

Our dual AI analysis gives UL Solutions Inc. a combined BUY rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is ULS's free cash flow?

UL Solutions Inc.'s operating cash flow is $600.0M, with capital expenditures of $197.0M. FCF margin is 13.2%.

How does ULS compare to other Services stocks?

Vs Services sector averages: Net margin 10.6% (avg: 10%), ROE 25.8% (avg: 16%), current ratio 1.32 (avg: 1.5).

Why is ULS's return on equity (ROE) so high?

UL Solutions Inc. has a return on equity of 25.8%, significantly above the Services sector average of 16%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 10.6% net margin.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 18, 2026 | Data as of: 2025-12-31 | Powered by Claude AI