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Ratios

UL Solutions (ULS) Cost of Revenue (2023 - 2025)

UL Solutions (ULS) has disclosed Cost of Revenue for 3 consecutive years, with $397.0 million as the latest value for Q4 2025.

  • Quarterly Cost of Revenue rose 1.79% to $397.0 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $1.5 billion through Dec 2025, up 4.4% year-over-year, with the annual reading at $1.5 billion for FY2025, 4.4% up from the prior year.
  • Cost of Revenue hit $397.0 million in Q4 2025 for UL Solutions, up from $389.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $397.0 million in Q4 2025 to a low of $335.0 million in Q1 2023.
  • Historically, Cost of Revenue has averaged $367.9 million across 3 years, with a median of $364.0 million in 2024.
  • Biggest five-year swings in Cost of Revenue: rose 8.43% in 2024 and later increased 1.79% in 2025.
  • Year by year, Cost of Revenue stood at $363.0 million in 2023, then rose by 7.44% to $390.0 million in 2024, then increased by 1.79% to $397.0 million in 2025.
  • Business Quant data shows Cost of Revenue for ULS at $397.0 million in Q4 2025, $389.0 million in Q3 2025, and $393.0 million in Q2 2025.