The Filings Report

UL Solutions Inc.

ULSNYSECIK 1901440Industrials / Business Servicesfiscal year ends December15 quarters since 2023

Revenue, Q3 FY2026
$823M
+5.1% on Q3 FY2025
Net income
$108M
+8.0% on Q3 FY2025
Free cash flow
$154M
+41.3% on Q3 FY2025
Diluted EPS
$0.53
+8.2% on Q3 FY2025
Revenue, TTM
$3.2B
trailing four quarters
Net margin, TTM
16.1%
net income $513M
Free cash flow, TTM
$481M
$738M less $257M capex
Cash and equivalents
$1.0B
long-term debt $764M, Sep 30, 2026
Shares, 12-month change
—
— shares, Sep 30, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$114M
no yield
Market value
—
at the close, buybacks

Latest quarter Q3 FY2026, filed November 3, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, UL Solutions Inc. reported revenue of $823M, +5.1% on Q3 FY2025, and net income of $108M (+8.0%). Operating margin was 19.7%. Free cash flow, operating cash flow less capital expenditures, was $154M ($215M less $61M). Diluted earnings per share were $0.53.

The last 15 quarters

Q1 FY2023 to Q3 FY2026, through the filing of November 3, 2026.

Revenue and net incomeRevenueNet income
$0$250M$500M$750M$1.0BQ1'23, Revenue: $629MQ1'23, Net income: $55MQ1'23Q2'23, Revenue: $689MQ2'23, Net income: $94MQ2'23Q3'23, Revenue: $676MQ3'23, Net income: $53MQ3'23Q4'23, Revenue: $684MQ4'23, Net income: $58MQ4'23Q1'24, Revenue: $670MQ1'24, Net income: $56MQ1'24Q2'24, Revenue: $730MQ2'24, Net income: $101MQ2'24Q3'24, Revenue: $731MQ3'24, Net income: $88MQ3'24Q4'24, Revenue: $739MQ4'24, Net income: $81MQ4'24Q1'25, Revenue: $705MQ1'25, Net income: $67MQ1'25Q2'25, Revenue: $776MQ2'25, Net income: $91MQ2'25Q3'25, Revenue: $783MQ3'25, Net income: $100MQ3'25Q4'25, Revenue: $789MQ4'25, Net income: $67MQ4'25Q1'26, Revenue: $758MQ1'26, Net income: $92MQ1'26Q2'26, Revenue: $816MQ2'26, Net income: $246MQ2'26Q3'26, Revenue: $823MQ3'26, Net income: $108MQ3'26$0$250M$500M$750M$1.0BQ1'23, Revenue: $629MQ1'23, Net income: $55MQ1'23Q2'23, Revenue: $689MQ2'23, Net income: $94MQ3'23, Revenue: $676MQ3'23, Net income: $53MQ3'23Q4'23, Revenue: $684MQ4'23, Net income: $58MQ1'24, Revenue: $670MQ1'24, Net income: $56MQ1'24Q2'24, Revenue: $730MQ2'24, Net income: $101MQ3'24, Revenue: $731MQ3'24, Net income: $88MQ3'24Q4'24, Revenue: $739MQ4'24, Net income: $81MQ1'25, Revenue: $705MQ1'25, Net income: $67MQ1'25Q2'25, Revenue: $776MQ2'25, Net income: $91MQ3'25, Revenue: $783MQ3'25, Net income: $100MQ3'25Q4'25, Revenue: $789MQ4'25, Net income: $67MQ1'26, Revenue: $758MQ1'26, Net income: $92MQ1'26Q2'26, Revenue: $816MQ2'26, Net income: $246MQ3'26, Revenue: $823MQ3'26, Net income: $108MQ3'26

Net income losses drawn in red.

Free cash flow
$0$50M$100M$150M$200MQ1'23, Free cash flow: $98MQ1'23Q2'23, Free cash flow: $9MQ2'23Q3'23, Free cash flow: $78MQ3'23Q4'23, Free cash flow: $67MQ4'23Q1'24, Free cash flow: $84MQ1'24Q2'24, Free cash flow: $47MQ2'24Q3'24, Free cash flow: $84MQ3'24Q4'24, Free cash flow: $72MQ4'24Q1'25, Free cash flow: $103MQ1'25Q2'25, Free cash flow: $105MQ2'25Q3'25, Free cash flow: $109MQ3'25Q4'25, Free cash flow: $86MQ4'25Q1'26, Free cash flow: $150MQ1'26Q2'26, Free cash flow: $91MQ2'26Q3'26, Free cash flow: $154MQ3'26$0$50M$100M$150M$200MQ1'23, Free cash flow: $98MQ1'23Q2'23, Free cash flow: $9MQ3'23, Free cash flow: $78MQ3'23Q4'23, Free cash flow: $67MQ1'24, Free cash flow: $84MQ1'24Q2'24, Free cash flow: $47MQ3'24, Free cash flow: $84MQ3'24Q4'24, Free cash flow: $72MQ1'25, Free cash flow: $103MQ1'25Q2'25, Free cash flow: $105MQ3'25, Free cash flow: $109MQ3'25Q4'25, Free cash flow: $86MQ1'26, Free cash flow: $150MQ1'26Q2'26, Free cash flow: $91MQ3'26, Free cash flow: $154MQ3'26

Operating cash flow less capital expenditures; negative quarters in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$500M$1.0B$1.5BQ1'23Q2'23Q3'23Q4'23, Cash and equivalents: $315MQ4'23, Long-term debt: $904MQ4'23Q1'24, Cash and equivalents: $344MQ1'24, Long-term debt: $867MQ1'24Q2'24, Cash and equivalents: $295MQ2'24, Long-term debt: $785MQ2'24Q3'24, Cash and equivalents: $327MQ3'24, Long-term debt: $760MQ3'24Q4'24, Cash and equivalents: $298MQ4'24, Long-term debt: $692MQ4'24Q1'25, Cash and equivalents: $267MQ1'25, Long-term debt: $653MQ1'25Q2'25, Cash and equivalents: $272MQ2'25, Long-term debt: $608MQ2'25Q3'25, Cash and equivalents: $255MQ3'25, Long-term debt: $544MQ3'25Q4'25, Cash and equivalents: $295MQ4'25, Long-term debt: $491MQ4'25Q1'26, Cash and equivalents: $258MQ1'26, Long-term debt: $357MQ1'26Q2'26, Cash and equivalents: $434MQ2'26, Long-term debt: $301MQ2'26Q3'26, Cash and equivalents: $1.0BQ3'26, Long-term debt: $764MQ3'26$0$500M$1.0B$1.5BQ1'23Q3'23Q4'23, Cash and equivalents: $315MQ4'23, Long-term debt: $904MQ1'24, Cash and equivalents: $344MQ1'24, Long-term debt: $867MQ1'24Q2'24, Cash and equivalents: $295MQ2'24, Long-term debt: $785MQ3'24, Cash and equivalents: $327MQ3'24, Long-term debt: $760MQ3'24Q4'24, Cash and equivalents: $298MQ4'24, Long-term debt: $692MQ1'25, Cash and equivalents: $267MQ1'25, Long-term debt: $653MQ1'25Q2'25, Cash and equivalents: $272MQ2'25, Long-term debt: $608MQ3'25, Cash and equivalents: $255MQ3'25, Long-term debt: $544MQ3'25Q4'25, Cash and equivalents: $295MQ4'25, Long-term debt: $491MQ1'26, Cash and equivalents: $258MQ1'26, Long-term debt: $357MQ1'26Q2'26, Cash and equivalents: $434MQ2'26, Long-term debt: $301MQ3'26, Cash and equivalents: $1.0BQ3'26, Long-term debt: $764MQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UL Solutions Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue823816758789783776705739+5.1%
Cost of revenue400399377395389394365390+2.8%
Gross profit—————————
Research and development—————————
Selling, general and administrative260267243239238244232235+9.2%
Operating income162150138118156139109115+3.8%
Other income (expense)42(1)(4)0(4)(3)(10)—
Pretax income1603381291051461259492+9.6%
Income tax438432344028237+7.5%
Net income1082469267100916781+8.0%
Diluted EPS ($)0.531.210.45—0.490.450.33—+8.2%
Diluted shares (millions)204204204—203203203——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UL Solutions Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents1,016434258295255272267298+298.4%
Short-term investments—————————
Total current assets1,7781,2341,0471,0009951,009998921+78.7%
Total assets3,6893,1192,9552,9212,8982,9222,8782,800+27.3%
Total current liabilities850866899760749765804740+13.5%
Long-term debt764301357491544608653692+40.4%
Total liabilities1,9511,4991,6191,6271,6781,8091,8941,869+16.3%
Stockholders’ equity1,7031,5951,3191,2621,1931,093970904+42.7%
Shares outstanding (millions)—————————

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UL Solutions Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Aug 4, 2026Q1 FY2026ended Mar 31, 2026filed May 5, 2026Q4 FY2025ended Dec 31, 2025filed Feb 19, 2026Q3 FY2025ended Sep 30, 2025filed Nov 4, 2025Q2 FY2025ended Jun 30, 2025filed Aug 5, 2025Q1 FY2025ended Mar 31, 2025filed May 6, 2025Q4 FY2024ended Dec 31, 2024filed Feb 20, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow215160219144155147154130+38.7%
Capital expenditures6169695846425158+32.6%
Free cash flow (CFO − capex)154911508610910510372+41.3%
Depreciation and amortization4946475146464547+6.5%
Share repurchases—————————
Dividends paid3029292626262625+15.4%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 19, 2026.

Income statement

UL Solutions Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed May 20, 2024FY2022ended Dec 31, 2022filed Feb 20, 2025
Revenue3,0532,8702,6782,520
Cost of revenue1,5431,4781,3941,313
Gross profit————
Research and development————
Selling, general and administrative953931875795
Operating income522462368412
Other income (expense)(11)813(12)
Pretax income470415346383
Income tax125707074
Net income325326260293
Diluted EPS ($)1.601.621.301.47
Diluted shares (millions)203201200200

Balance sheet

UL Solutions Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed May 20, 2024FY2022ended Dec 31, 2022filed Feb 20, 2025
Cash and equivalents295298315—
Short-term investments————
Total current assets1,000921953—
Total assets2,9212,8002,736—
Total current liabilities760740709—
Long-term debt491692904—
Total liabilities1,6271,8692,058—
Stockholders’ equity1,262904654—
Shares outstanding (millions)————

Cash flow statement

UL Solutions Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 19, 2026FY2024ended Dec 31, 2024filed Feb 20, 2025FY2023ended Dec 31, 2023filed May 20, 2024FY2022ended Dec 31, 2022filed Feb 20, 2025
Operating cash flow600524467372
Capital expenditures197237215164
Free cash flow (CFO − capex)403287252208
Depreciation and amortization188172154135
Share repurchases————
Dividends paid1041006801,600

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$2M
3 sales by 1 insider; officers and directors $2M
Bought, twelve months
$3K
2 purchases by 2 insiders; officers and directors $3K
Sold, twelve months
$1.1B
26 sales by 6 insiders; officers and directors $12M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 8, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-112,500$70.08$876K126,724Oct 9, 2026
Sep 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-110,495$73.52$772K141,229Sep 3, 2026
Sep 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-12,005$74.43$149K139,224Sep 3, 2026
Aug 6, 2026Shannon James MDirectorgift600$0.00—6,542Aug 10, 2026
Aug 3, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-13,629$91.02$330K160,595Aug 5, 2026
Aug 3, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-13,281$91.89$301K157,314Aug 5, 2026
Aug 3, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-15,590$92.89$519K151,724Aug 5, 2026
Jul 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-14,800$97.92$470K171,924Jul 2, 2026
Jul 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-13,600$99.05$357K168,324Jul 2, 2026
Jul 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-11,200$100.34$120K167,124Jul 2, 2026
Jul 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-12,600$101.05$263K164,524Jul 2, 2026
Jul 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-1300$101.74$31K164,224Jul 2, 2026
Jun 9, 2026Pepping Karen KSenior VP & CAOopen-market sale10b5-1725$97.74$71K8,082Jun 10, 2026
Jun 3, 2026Schjotz GitteSee Remarksopen-market sale10b5-19,865$96.98$957K59,341Jun 4, 2026
Jun 2, 2026Schjotz GitteSee Remarksopen-market sale10b5-112,015$99.71$1M69,206Jun 4, 2026
Jun 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-17,505$99.60$748K181,719Jun 3, 2026
Jun 1, 2026Scanlon Jennifer F.President and CEO, Directoropen-market sale10b5-14,995$100.59$502K176,724Jun 3, 2026
May 29, 2026Robinson Ryan DExecutive VP & CFOgift29,268$0.00—1,290Jun 2, 2026
May 29, 2026Robinson Ryan DExecutive VP & CFOgiftindirect29,268$0.00—165,224Jun 2, 2026
May 28, 2026Uggetti AlbertoEVP & CCOopen-market sale10b5-12,345$99.89$234K7,962Jun 1, 2026
May 21, 2026Hecker FriedrichDirectoropen-market sale4,000$102.04$408K13,180May 22, 2026
May 20, 2026Thaman Michael HDirectoroption exercise2,805——16,660May 22, 2026
May 20, 2026Kini VikramDirectoroption exercise2,805——2,805May 22, 2026
May 20, 2026Hecker FriedrichDirectoroption exercise2,805——18,446May 22, 2026
May 20, 2026Hecker FriedrichDirectortax withholding1,266$101.98$129K17,180May 22, 2026

Full insider history for UL Solutions Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
UL Solutions Inc., CIK 1901440 on EDGAR
Extract generated
November 4, 2026
Withheld
none
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue: CostOfRevenue
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense, OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: AssetsCurrent
Total assets: Assets
Total current liabilities: LiabilitiesCurrent
Long-term debt: LongTermDebtNoncurrent
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): not filed

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquirePropertyPlantAndEquipment
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationDepletionAndAmortization
Share repurchases: not filed
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/ULS.json