On our screens:Stocks with no debt
The financials
UL Solutions Inc. by the numbers
UL Solutions Inc. (ULS) reported revenue of $758M in Q1 2026 (quarter ended Mar 31, 2026), up 7.5% from the same quarter a year earlier. That came with a gross margin of 50% and net income of $92M (12% of revenue). For the full year FY2025, revenue was $3.05B (+6.4% year on year) and net income $325M. Its largest product in Jun 2026 was Ongoing Certification Services at $270M, 33% of the disclosed total, just ahead of Non Certification Testing And Other Services at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $758M | $705M | +7.5% |
| Gross profit | $381M | $340M | +12% |
| Operating income | $138M | $109M | +27% |
| Net income | $92M | $67M | +37% |
| Diluted EPS | $0.45 | $0.33 | +36% |
| Product | Revenue | Share |
|---|---|---|
| Ongoing Certification Services | $270M | 33% |
| Non Certification Testing And Other Services | $248M | 30% |
| Certification Testing | $237M | 29% |
| Software | $61M | 7.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $816.0M (+7.7%)
Certification Testing grew +10% year on yearSoftware -13% year on year
Segment Latestquarter on quarteryear on year
- Ongoing Certification Services$270.0M$270.0MQoQ +1.9%year on year +8.0%+1.9%+8.0%
- Non Certification Testing And Other Services$248.0M$248.0MQoQ +19%year on year +2.9%+19%+2.9%
- Certification Testing$237.0M$237.0MQoQ +12%year on year +10%+12%+10%
- Software$61.0M$61.0MQoQ -16%year on year -13%-16%-13%
Specialty Business Services
Ranks #7 of 18 by Smart Score