Growth Metrics

UL Solutions (ULS) Gross Margin (2023 - 2025)

UL Solutions' Gross Margin history spans 3 years, with the latest figure at 49.68% for Q4 2025.

  • For Q4 2025, Gross Margin rose 246.0% year-over-year to 49.68%; the TTM value through Dec 2025 reached 49.46%, up 96.0%, while the annual FY2025 figure was 49.46%, 96.0% up from the prior year.
  • Gross Margin for Q4 2025 was 49.68% at UL Solutions, down from 50.32% 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.
  • The 3-year median for Gross Margin is 48.94% (2023), against an average of 48.61%.
  • The largest YoY upside for Gross Margin was 246bps in 2025 against a maximum downside of -78bps in 2025.
  • A 3-year view of Gross Margin shows it stood at 46.93% in 2023, then increased by 1bps to 47.23% in 2024, then grew by 5bps to 49.68% in 2025.
  • Per Business Quant, the three most recent readings for ULS's Gross Margin are 49.68% (Q4 2025), 50.32% (Q3 2025), and 49.36% (Q2 2025).