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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: May 7, 2026 • SEC Data: 2026-03-31
Combined AI Rating
HOLD
72% Confidence
N/A
HOLD
72% Conf
Pending
Analysis scheduled

📊 ULS Key Takeaways

Revenue: $758.0M
Net Margin: 12.1%
Free Cash Flow: $150.0M
Current Ratio: 1.16x
Debt/Equity: 0.27x
EPS: $0.45
AI Rating: HOLD with 72% confidence
UL Solutions Inc. (ULS) receives a HOLD rating with 72% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $758.0M, net profit margin of 12.1%, and return on equity (ROE) of 7.0%, UL Solutions Inc. demonstrates mixed 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 solid operational fundamentals with 6.4% revenue growth and exceptional free cash flow generation (19.8% margin), supported by conservative leverage (0.27x Debt/Equity). However, net income contracted 5.8% YoY despite revenue expansion, signaling margin compression that warrants monitoring before recommending accumulation.

Why Buy UL Solutions Inc. Stock? ULS Key Strengths

Claude
  • + Strong free cash flow of $150M (19.8% of revenue) exceeds net income, indicating high-quality earnings
  • + Conservative balance sheet with 0.27x Debt/Equity ratio and $258M cash provides financial flexibility
  • + Solid operating margins of 18.2% and net margins of 12.1% demonstrate pricing power in testing services
  • + Consistent revenue growth of 6.4% YoY shows market demand

ULS Stock Risks: UL Solutions Inc. Investment Risks

Claude
  • ! Earnings declining 5.8% despite 6.4% revenue growth indicates concerning margin compression from rising costs or operational deleverage
  • ! Current ratio of 1.16x is tight for a services company and limits liquidity cushion
  • ! Diluted EPS declining 1.2% YoY suggests per-share value erosion despite business growth
  • ! Missing gross margin data limits visibility into true business-unit economics

Key Metrics to Watch

Claude
  • * Net margin trend and root cause of YoY earnings decline relative to revenue growth
  • * Operating leverage improvement as revenue scales
  • * Cash conversion and free cash flow sustainability
  • * Current ratio trend and working capital management

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

Revenue
$758.0M
Net Income
$92.0M
EPS (Diluted)
$0.45
Free Cash Flow
$150.0M
Total Assets
$3.0B
Cash Position
$258.0M

💡 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 18.2%
Net Margin 12.1%
ROE 7.0%
ROA 3.1%
FCF Margin 19.8%

ULS vs Services Sector: How UL Solutions Inc. Compares

How UL Solutions Inc. compares to Services sector averages

Net Margin
ULS 12.1%
vs
Sector Avg 10.0%
ULS Sector
ROE
ULS 7.0%
vs
Sector Avg 16.0%
ULS Sector
Current Ratio
ULS 1.2x
vs
Sector Avg 1.5x
ULS Sector
Debt/Equity
ULS 0.3x
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. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
7.0%
Sector avg: 16%
Net Profit Margin
12.1%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.27x
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
1.16x
Quick Ratio
1.16x
Debt/Equity
0.27x
Debt/Assets
54.8%
Interest Coverage
N/A
Long-term Debt
$357.0M

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
19.8%
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
Q1 2026 $705.0M $67.0M $0.33
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
$219.0M
Cash generated from operations
Capital Expenditures
$69.0M
Investment in assets
Dividends Paid
$29.0M
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
May 5, 2026 4 xslF345X06/form4.xml View →
May 5, 2026 4 xslF345X06/form4.xml View →
May 5, 2026 4 xslF345X06/form4.xml View →
May 5, 2026 4 xslF345X06/form4.xml View →
May 5, 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 HOLD with 72% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ULS's key strengths?

Claude: Strong free cash flow of $150M (19.8% of revenue) exceeds net income, indicating high-quality earnings. Conservative balance sheet with 0.27x Debt/Equity ratio and $258M cash provides financial flexibility.

What are the risks of investing in ULS?

Claude: Earnings declining 5.8% despite 6.4% revenue growth indicates concerning margin compression from rising costs or operational deleverage. Current ratio of 1.16x is tight for a services company and limits liquidity cushion.

What is ULS's revenue and growth?

UL Solutions Inc. reported revenue of $758.0M.

Does ULS pay dividends?

UL Solutions Inc. pays dividends, with $29.0M 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 $0.45.

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 May 2026, UL Solutions Inc. has a HOLD rating with 72% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is ULS stock overvalued or undervalued?

Valuation metrics for ULS: ROE of 7.0% (sector avg: 16%), net margin of 12.1% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy ULS stock in 2026?

Our dual AI analysis gives UL Solutions Inc. a combined HOLD 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 $219.0M, with capital expenditures of $69.0M. FCF margin is 19.8%.

How does ULS compare to other Services stocks?

Vs Services sector averages: Net margin 12.1% (avg: 10%), ROE 7.0% (avg: 16%), current ratio 1.16 (avg: 1.5).

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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: May 7, 2026 | Data as of: 2026-03-31 | Powered by Claude AI