UL Solutions (ULS) Gross Margin (2023 - 2026)

UL Solutions (ULS) posted Gross Margin of 50.26% for Q1 2026, up 1.17% sequentially from 49.68% in Q4 2025, and up 204.0% YoY from 16.53% in Q1 2025.

UL Solutions (ULS) Gross Margin (2023 - 2026) Analysis & Trends

UL Solutions has reported Gross Margin for 4 years, with the latest figure at 50.26% in Q1 2026.

Quarterly Gross Margin rose 204.0% year-over-year to 50.26% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 49.9% (up 126.0% YoY) and the FY2025 annual result came in at 49.46%, up 96.0% from the prior year.
Gross Margin grew to 50.26% in Q1 2026 per ULS's latest filing, from 49.68% in the prior quarter.
Over five years, Gross Margin peaked at 50.32% in Q3 2025 and troughed at 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.
The widest YoY moves for Gross Margin: up 246 bps in 2025, down 78 bps in 2025.
Over 4 years, Gross Margin stood at 46.93% in 2023, then rose by 1 bps to 47.23% in 2024, then increased by 5 bps to 49.68% in 2025, then rose by 1 bps to 50.26% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 50.26%, 49.68%, and 50.32% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Cintas	81.69 Bn	81.40 Bn	1.48 Bn	50.95%
2	Relx	64.97 Bn	64.80 Bn	-	-
3	Copart	32.09 Bn	28.74 Bn	732.88 Mn	59.24%
4	Global Payments	24.80 Bn	19.40 Bn	2.03 Bn	61.04%
5	Rb Global	16.24 Bn	15.72 Bn	935.50 Mn	71.03%
6	Aramark	15.68 Bn	15.18 Bn	430.34 Mn	8.51%
7	UL Solutions	15.20 Bn	14.77 Bn	417.00 Mn	51.10%
8	Rentokil Initial	11.80 Bn	9.27 Bn	-	-
9	Dolby Laboratories	6.05 Bn	5.38 Bn	264.68 Mn	86.78%
10	Unifirst	5.23 Bn	5.06 Bn	234.73 Mn	37.00%

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