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Ul Solutions (ULS) | Financial Analysis & Statements

Ul Solutions Inc. | Large-cap | Industrials

$65.20

-2.54%

Ul Solutions vs Cintas Ul Solutions vs Copart Ul Solutions vs Global Payments Ul Solutions vs Rb Global Ul Solutions vs Rentokil Initial plc Ul Solutions vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 705.0M

Gross Profit 341.0M 48.37%

Operating Income 109.0M 15.46%

Net Income 71.0M 10.07%

EPS (Diluted) $0.33

Balance Sheet Metrics

Total Assets 2.9B

Total Liabilities 1.9B

Shareholders Equity 984.0M

Debt to Equity 1.92

Cash Flow Metrics

Operating Cash Flow 240.0M

Free Cash Flow 103.0M

Revenue & Profitability Trend

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This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Ul Solutions Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	2.9B	2.7B	2.5B	2.5B	-
Cost of Goods Sold i	1.5B	1.4B	1.3B	1.3B	-
Gross Profit i	1.4B	1.3B	1.2B	1.2B	-
Gross Margin % i	48.5%	47.8%	47.9%	46.8%	0.0%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	931.0M	875.0M	795.0M	892.0M	668.0M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	931.0M	875.0M	795.0M	892.0M	668.0M
Operating Income i	462.0M	405.0M	412.0M	287.0M	363.0M
Operating Margin % i	16.1%	15.1%	16.3%	11.4%	0.0%
Non-Operating Items
Interest Income i	4.0M	12.0M	1.0M	7.0M	-
Interest Expense i	55.0M	35.0M	17.0M	1.0M	-
Other Non-Operating Income	4.0M	-36.0M	-13.0M	-19.0M	-29.0M
Pre-tax Income i	415.0M	346.0M	383.0M	274.0M	-
Income Tax i	70.0M	70.0M	74.0M	36.0M	-
Effective Tax Rate % i	16.9%	20.2%	19.3%	13.1%	0.0%
Net Income i	345.0M	276.0M	309.0M	238.0M	-
Net Margin % i	12.0%	10.3%	12.3%	9.5%	0.0%
Key Metrics
EBITDA i	629.0M	565.0M	524.0M	419.0M	478.0M
EPS (Basic) i	$1.63	$1.30	$1.47	$1.12	$1.16
EPS (Diluted) i	$1.62	$1.30	$1.47	$1.12	$1.16
Basic Shares Outstanding i	200000000	200000000	200000000	200000000	200000000
Diluted Shares Outstanding i	200000000	200000000	200000000	200000000	200000000

Income Statement Trend

Ul Solutions Balance Sheet From 2021 to 2024

Metric	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	298.0M	315.0M	322.0M	1.3B
Short-term Investments i	-	0	51.0M	47.0M
Accounts Receivable i	380.0M	362.0M	376.0M	368.0M
Inventory i	-	-	-	-
Other Current Assets	4.0M	13.0M	5.0M	6.0M
Total Current Assets i	921.0M	953.0M	998.0M	2.0B
Non-Current Assets
Property, Plant & Equipment i	186.0M	151.0M	156.0M	151.0M
Goodwill i	1.5B	1.5B	1.5B	1.4B
Intangible Assets i	185.0M	211.0M	200.0M	196.0M
Long-term Investments	-	-	-	-
Other Non-Current Assets	244.0M	243.0M	176.0M	200.0M
Total Non-Current Assets i	1.9B	1.8B	1.7B	1.7B
Total Assets i	2.8B	2.7B	2.7B	3.7B
Liabilities
Current Liabilities
Accounts Payable i	182.0M	169.0M	153.0M	179.0M
Short-term Debt i	88.0M	39.0M	42.0M	36.0M
Current Portion of Long-term Debt	-	-	-	-
Other Current Liabilities	54.0M	58.0M	46.0M	59.0M
Total Current Liabilities i	740.0M	709.0M	694.0M	792.0M
Non-Current Liabilities
Long-term Debt i	847.0M	1.0B	618.0M	118.0M
Deferred Tax Liabilities i	-	-	-	15.0M
Other Non-Current Liabilities	86.0M	93.0M	85.0M	84.0M
Total Non-Current Liabilities i	1.1B	1.3B	949.0M	538.0M
Total Liabilities i	1.9B	2.1B	1.6B	1.3B
Equity
Common Stock i	0	0	0	0
Retained Earnings i	250.0M	24.0M	211.0M	1.5B
Treasury Stock i	-	-	-	-
Other Equity	-	-	-	-
Total Shareholders Equity i	931.0M	678.0M	1.1B	2.3B
Key Metrics
Total Debt i	935.0M	1.1B	660.0M	154.0M
Working Capital i	181.0M	244.0M	304.0M	1.2B

Balance Sheet Composition

Ul Solutions Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	345.0M	276.0M	309.0M	238.0M	-
Depreciation & Amortization i	172.0M	154.0M	135.0M	142.0M	-
Stock-Based Compensation i	23.0M	0	0	-	-
Working Capital Changes i	-24.0M	10.0M	-23.0M	18.0M	0
Operating Cash Flow i	524.0M	462.0M	439.0M	321.0M	-
Investing Activities
Capital Expenditures i	-	-	-	-	-
Acquisitions i	3.0M	-14.0M	-66.0M	-47.0M	-
Investment Purchases i	0	-95.0M	-162.0M	-172.0M	-
Investment Sales i	0	144.0M	155.0M	495.0M	-
Investing Cash Flow i	3.0M	40.0M	-74.0M	285.0M	-
Financing Activities
Share Repurchases i	-	-	-	-	-
Dividends Paid i	-100.0M	-680.0M	-1.6B	-200.0M	-
Debt Issuance i	181.0M	440.0M	700.0M	0	0
Debt Repayment i	-346.0M	-30.0M	-200.0M	0	0
Financing Cash Flow i	-284.0M	-294.0M	-1.1B	-228.0M	0
Free Cash Flow i	287.0M	252.0M	208.0M	314.0M	-
Net Change in Cash i	243.0M	208.0M	-751.0M	378.0M	0

Cash Flow Trend

Ul Solutions Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 41.25

Forward P/E 39.54

Price to Book 12.28

Price to Sales 4.55

PEG Ratio -3.51

Profitability Ratios

Profit Margin 11.08%

Operating Margin 17.78%

Return on Equity 36.55%

Return on Assets 10.77%

Financial Health

Current Ratio 1.32

Debt to Equity 72.33

Per Share Data

EPS (TTM) $1.62

Book Value per Share $5.44

Revenue per Share $14.72

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
uls	13.4B	41.25	12.28	36.55%	11.08%	72.33
Cintas	86.4B	48.81	18.43	40.27%	17.53%	56.67
Copart	45.5B	31.18	5.18	18.44%	32.21%	1.15
Global Payments	21.0B	14.76	0.93	6.59%	14.20%	71.17
Rb Global	19.9B	52.98	3.77	7.39%	9.68%	76.45
Rentokil Initial plc	12.5B	38.33	11.56	5.13%	4.46%	115.51

Financial data is updated regularly. All figures are in the company's reporting currency.