UL Solutions (ULS) EBITDA Margin (2023 - 2026)
UL Solutions' (ULS) quarterly EBITDA Margin came in at 18.21% in Q1 2026, up 274.0% year-on-year from 4.87% in Q1 2025, and up 21.73% quarter-over-quarter from 14.96% in Q4 2025.
UL Solutions (ULS) EBITDA Margin (2023 - 2026) Analysis & Trends
UL Solutions has disclosed EBITDA Margin across 4 years of filings, most recently posting 18.21% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 18.21%, up 274.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 17.74% (up 122.0% YoY), and the FY2025 annual result was 17.1%, up 100.0% from the prior year.
- EBITDA Margin came in at 18.21% for Q1 2026 at UL Solutions, up from 14.96% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 19.92% in Q3 2025 to a low of 11.92% in Q1 2023.
- The 4-year median for EBITDA Margin is 15.56% (2024), against an average of 15.79%.
- Across the five-year window, EBITDA Margin surged 462 bps in 2024 and slumped 61 bps in 2025, its largest moves.
- UL Solutions' EBITDA Margin stood at 12.57% in 2023, then gained by 24 bps to 15.56% in 2024, then dropped by 4 bps to 14.96% in 2025, then climbed by 22 bps to 18.21% in 2026.
- The last three EBITDA Margin figures came in at 18.21% (Q1 2026), 14.96% (Q4 2025), and 19.92% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 23.22% |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 37.53% |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 17.62% |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 18.21% |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | -0.53% |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 4.48% |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 4.34% |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 28.55% |
| 10 | Unifirst | 4.79 Bn | 4.63 Bn | 218.82 Mn | 4.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.21% |
| Dec 31, 2025 | 14.96% |
| Sep 30, 2025 | 19.92% |
| Jun 30, 2025 | 17.91% |
| Mar 31, 2025 | 15.46% |
| Dec 31, 2024 | 15.56% |
| Sep 30, 2024 | 17.78% |
| Jun 30, 2024 | 17.26% |
| Mar 31, 2024 | 13.58% |
| Dec 31, 2023 | 12.57% |
| Sep 30, 2023 | 13.17% |
| Jun 30, 2023 | 16.98% |
| Mar 31, 2023 | 11.92% |