UL Solutions (ULS) Gross Margin (2023 - 2026)
Quarterly results put Gross Margin at 50.26% for Q1 2026, up 204.0% from a year ago — trailing twelve months through Mar 2026 was 49.9% (up 126.0% YoY), and the annual figure for FY2025 was 49.46%, up 96.0%.
UL Solutions has reported Gross Margin over the past 4 years, most recently at 50.26% for Q1 2026.
- Gross Margin reached 50.26% in Q1 2026 per ULS's latest filing, up from 49.68% in the prior quarter.
- Across five years, Gross Margin topped out at 50.32% in Q3 2025 and bottomed at 46.74% in Q1 2023.
- Median Gross Margin over the past 4 years was 48.97% (2024), compared with a mean of 48.73%.
- Peak annual rise in Gross Margin hit 246bps in 2025, while the deepest fall reached -78bps in 2025.
- Over 4 years, Gross Margin stood at 46.93% in 2023, then grew by 1bps to 47.23% in 2024, then rose by 5bps to 49.68% in 2025, then grew by 1bps to 50.26% in 2026.
- Business Quant data shows Gross Margin for ULS at 50.26% in Q1 2026, 49.68% in Q4 2025, and 50.32% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 50.98% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 86.59% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 50.26% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 57.11% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 70.43% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 8.69% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 9.92% |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn | 88.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 50.26% |
| Dec 31, 2025 | 49.68% |
| Sep 30, 2025 | 50.32% |
| Jun 30, 2025 | 49.36% |
| Mar 31, 2025 | 48.23% |
| Dec 31, 2024 | 47.23% |
| Sep 30, 2024 | 48.97% |
| Jun 30, 2024 | 50.14% |
| Mar 31, 2024 | 47.61% |
| Dec 31, 2023 | 46.93% |
| Sep 30, 2023 | 49.11% |
| Jun 30, 2023 | 48.91% |
| Mar 31, 2023 | 46.74% |