ULS
IndustrialsUL Solutions Inc. · Specialty Business Services · $21B
What is UL Solutions Inc.?
UL Solutions Inc. is a global safety science company that helps manufacturers, regulators, and businesses bring safer, compliant products to market. Operating across industrial, consumer, and software segments, it serves clients in over a hundred countries.
The company generates revenue by providing testing, inspection, and certification services — verifying that products meet safety and regulatory standards before they reach consumers or industrial end users. Its Consumer segment covers electronics, medical devices, appliances, and emerging categories like 5G and smart products. The Industrial segment addresses energy, automation, and construction markets. A third Software and Advisory segment helps regulated industries manage compliance, supply chain transparency, and ESG requirements through its ULTRUS software platform.
UL Solutions was established in 2014 and is headquartered in Northbrook, Illinois.
- Testing, inspection, and certification for industrial and consumer products
- Global market access and regulatory compliance services
- ULTRUS software for sustainability and safety management
- Supply chain transparency and ESG advisory services
- Critical systems advisory and connectivity performance testing
Is ULS a Good Stock to Buy?
UQS Score rates ULS as Good overall, reflecting a balanced profile across the five quality pillars.
The Quality and Risk pillars both register as Good, suggesting the business generates consistent results while maintaining a manageable financial risk profile relative to sector peers. These characteristics are common in companies with recurring, contract-based revenue streams like certification and testing.
The Moat and Growth pillars both land at Neutral, indicating that competitive differentiation and near-term expansion momentum are not standout features at this stage. Valuation is also Neutral, meaning the stock is neither obviously cheap nor stretched.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ULS pay dividends?
Yes — UL Solutions Inc. pays a dividend.
UL Solutions pays a regular dividend, which is relatively uncommon among industrials companies that have recently gone public. The dividend reflects the company's stable, recurring revenue base from long-term certification relationships. Income-oriented investors may find this appealing, though the payout should be evaluated alongside the company's reinvestment priorities in software and advisory growth.
When does ULS report earnings?
UL Solutions reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's three-segment structure means quarterly results can reflect varying demand across industrial, consumer, and software end markets. Certification volumes and software subscription trends are key indicators to watch each reporting period.
For the most recent quarter's results and guidance, visit UL Solutions' investor relations page directly.
ULS Price History
+167.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in UL Solutions Inc.?
Based on UL Solutions Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ULS Long-term Outlook
With Growth and Moat both rated Neutral, ULS does not present the profile of a high-velocity expansion story. However, the Good Risk rating suggests the business is positioned to sustain its current trajectory without significant financial stress. The Software and Advisory segment represents the clearest long-term growth lever, as demand for ESG compliance tools and supply chain transparency continues to build across regulated industries.
Growth drivers
- Rising global demand for product safety certification and regulatory compliance
- Expansion of the ULTRUS software platform into ESG and sustainability workflows
- Growth in emerging product categories such as 5G, smart devices, and new mobility
Key risks
- Neutral Moat rating suggests limited pricing power relative to specialized testing peers
- Valuation at Neutral leaves little margin of safety if growth disappoints
- Cyclical industrial end markets can dampen certification volumes during downturns
ULS vs Peers
UL Solutions operates in a broad industrials and services landscape, where it competes with companies offering overlapping inspection, compliance, and data services.
RB Global focuses on asset disposition and remarketing services rather than safety certification, serving overlapping industrial customers through a different business model.
Global Payments operates in payment technology and software, sharing the compliance-and-software services space but targeting financial rather than product-safety workflows.
Rentokil Initial provides hygiene, pest control, and facilities services — overlapping with ULS in regulated-environment compliance but not in product testing or certification.
Frequently Asked Questions
What does UL Solutions do?
UL Solutions provides safety science services including product testing, inspection, and certification for industrial and consumer markets worldwide. It also offers software tools and advisory services that help regulated industries manage compliance, ESG requirements, and supply chain transparency.
Does ULS pay dividends?
Yes, UL Solutions pays a regular dividend. This is notable for a company that has been publicly traded for a relatively short time. Investors should review the current dividend rate and payout history on the company's investor relations page.
When does ULS report earnings?
UL Solutions follows a standard quarterly earnings cadence for US-listed companies. For exact upcoming report dates, check the company's investor relations page or a financial calendar service.
Is ULS a good stock to buy?
UQS Score rates ULS as Good overall, with particular strength in the Quality and Risk pillars. The Moat and Growth pillars are Neutral, which means the stock suits investors prioritizing stability over rapid expansion. The full pillar breakdown is available to Pro members.
Is ULS overvalued?
The UQS Valuation pillar for ULS is rated Neutral, suggesting the stock is priced in line with its fundamentals rather than at a significant premium or discount. Investors seeking a margin of safety may want to monitor valuation trends over time.
How does ULS compare to its competitors?
UL Solutions is differentiated by its focus on safety certification and testing — a specialized niche within the broader industrials and compliance services space. Competitors like RB Global and Rentokil serve overlapping industrial customers but through distinct business models. The UQS platform allows side-by-side pillar comparisons.
What is ULS's market cap bracket?
UL Solutions is classified as a large-cap company, placing it among the more established publicly traded industrials firms by market size.
Who founded UL Solutions?
UL Solutions traces its roots to Underwriters Laboratories, a nonprofit safety organization with origins in the late nineteenth century. The current corporate entity, UL Solutions Inc., was established in 2014 as part of a restructuring of that legacy organization.
Is ULS a long-term quality investment?
As a long-term quality indicator, ULS scores as Good on the UQS composite. The stable, recurring nature of certification and compliance services supports durability, though the Neutral Growth and Moat ratings suggest investors should weigh long-term competitive positioning carefully before committing.
What is the main competitive advantage of UL Solutions?
UL Solutions benefits from its globally recognized brand in safety certification — a reputation built over more than a century under the Underwriters Laboratories name. Regulatory relationships and deep technical expertise create meaningful switching costs for customers seeking market access approvals.
What sector does ULS belong to?
UL Solutions is classified in the Industrials sector, specifically within testing, inspection, and certification services. Its Software and Advisory segment also gives it exposure to enterprise compliance software trends.
Is ULS a growth stock or value stock?
Based on UQS pillar labels, ULS sits closer to the value-oriented end of the spectrum. Growth is rated Neutral and Valuation is also Neutral, meaning it does not carry the premium typically associated with high-growth technology or software companies.
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Pro Analysis
ULS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 7, 2026 | 56.1 | 76.2 | 46.0 | 50.9 | 65.5 | 37.2 | -0.8 |
| May 3, 2026 | 56.9 | 76.2 | 46.0 | 50.9 | 65.5 | 42.5 | -0.1 |
| Apr 27, 2026 | 57.0 | 76.2 | 46.0 | 50.9 | 65.5 | 43.2 | -0.1 |
| Apr 26, 2026 | 57.1 | 76.2 | 46.0 | 50.9 | 65.5 | 43.4 | +0.3 |
| Apr 22, 2026 | 56.8 | 76.2 | 46.0 | 50.9 | 65.5 | 41.6 | +0.1 |
| Apr 19, 2026 | 56.7 | 76.2 | 46.0 | 50.4 | 65.5 | 41.7 | -0.6 |
| Apr 18, 2026 | 57.3 | 76.2 | 46.0 | 50.4 | 65.5 | 45.8 | -0.9 |
| Apr 17, 2026 | 58.2 | 76.2 | 46.0 | 50.4 | 65.5 | 51.9 | +0.1 |
| Apr 14, 2026 | 58.1 | 76.2 | 46.0 | 50.1 | 65.5 | 51.7 | -0.1 |
| Apr 12, 2026 | 58.2 | 76.2 | 46.0 | 50.1 | 65.5 | 51.8 | +0.1 |
ULS — Pillar Breakdown
Quality
— 78.5/100 (25%)UL Solutions Inc. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 52.7/100 (20%)UL Solutions Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 72.1/100 (15%)UL Solutions Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 35.1/100 (15%)UL Solutions Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 46/100 (25%)UL Solutions Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ULS.
Score Composition
Financial Data
More Stock Analysis
How is the ULS UQS Score Calculated?
The UQS (Unified Quality Score) for UL Solutions Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses UL Solutions Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether UL Solutions Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.