UL Solutions (ULS) Gross Margin (2023 - 2026)
UL Solutions (ULS) reported Gross Margin of 50.26% for Q1 2026, up 204.0% on a YoY basis from 16.53% in Q1 2025, and up 1.17% sequentially from 49.68% in Q4 2025.
UL Solutions (ULS) Gross Margin (2023 - 2026) Analysis & Trends
UL Solutions (ULS) has 4 years of Gross Margin data on file, last reported at 50.26% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 204.0% year-over-year to 50.26%; the trailing twelve-month figure through Mar 2026 stood at 49.9% (up 126.0% YoY), and the FY2025 full-year result was 49.46%, up 96.0% from the prior year.
- Gross Margin grew to 50.26% in Q1 2026, from 49.68% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 50.32% in Q3 2025 to a low of 46.74% in Q1 2023.
- A 4-year average of 48.73% and a median of 48.97% in 2024 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 246 bps in 2025, while the deepest fall reached 78 bps in 2025.
- Tracing ULS's Gross Margin over 4 years: stood at 46.93% in 2023, then climbed by 1 bps to 47.23% in 2024, then advanced by 5 bps to 49.68% in 2025, then climbed by 1 bps to 50.26% in 2026.
- Business Quant data shows ULS's Gross Margin at 50.26% in Q1 2026, 49.68% in Q4 2025, and 50.32% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.31 Bn | 81.12 Bn | 1.45 Bn | 50.98% |
| 2 | Rentokil Initial | 73.75 Bn | 71.25 Bn | - | - |
| 3 | Relx | 60.28 Bn | 60.04 Bn | - | - |
| 4 | Thomson Reuters | 38.09 Bn | 37.23 Bn | - | - |
| 5 | Copart | 25.18 Bn | 21.85 Bn | 732.88 Mn | 59.24% |
| 6 | Global Payments | 21.29 Bn | 16.10 Bn | 1.70 Bn | 57.11% |
| 7 | Rb Global | 20.33 Bn | 20.14 Bn | 927.90 Mn | 75.16% |
| 8 | UL Solutions | 17.42 Bn | 17.18 Bn | 381.00 Mn | 50.26% |
| 9 | Aramark | 15.00 Bn | 14.59 Bn | 426.39 Mn | 8.69% |
| 10 | Amentum Holdings | 5.37 Bn | 5.04 Bn | 345.00 Mn | 9.92% |
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% |