UL Solutions (ULS) Net Margin (2023 - 2026)
UL Solutions (ULS) reported Net Margin of 12.8% for Q1 2026, up 273.0% on a YoY basis from 3.43% in Q1 2025, and up 42.21% sequentially from 9.0% in Q4 2025.
UL Solutions (ULS) Net Margin (2023 - 2026) Analysis & Trends
UL Solutions (ULS) has 4 years of Net Margin data on file, last reported at 12.8% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 273.0% year-over-year to 12.8%; the trailing twelve-month figure through Mar 2026 stood at 11.94% (down 31.0% YoY), and the FY2025 full-year result was 11.3%, down 72.0% from the prior year.
- Net Margin advanced to 12.8% in Q1 2026, from 9.0% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 14.52% in Q2 2024 to a low of 8.43% in Q3 2023.
- A 4-year average of 11.29% and a median of 11.5% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 443 bps in 2024 and tumbled 250 bps in 2025, its largest moves.
- Tracing ULS's Net Margin over 4 years: stood at 9.06% in 2023, then increased by 27 bps to 11.5% in 2024, then decreased by 22 bps to 9.0% in 2025, then jumped by 42 bps to 12.8% in 2026.
- Business Quant data shows ULS's Net Margin at 12.8% in Q1 2026, 9.0% in Q4 2025, and 13.54% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 82.43 Bn | 82.25 Bn | 1.45 Bn | 17.68% |
| 2 | Rentokil Initial | 71.81 Bn | 69.31 Bn | - | - |
| 3 | Relx | 63.28 Bn | 63.04 Bn | - | - |
| 4 | Thomson Reuters | 40.35 Bn | 39.49 Bn | - | 21.99% |
| 5 | Copart | 26.32 Bn | 22.97 Bn | 732.88 Mn | 32.45% |
| 6 | Global Payments | 22.09 Bn | 16.23 Bn | 1.70 Bn | -53.41% |
| 7 | Rb Global | 20.79 Bn | 20.60 Bn | 927.90 Mn | 10.09% |
| 8 | UL Solutions | 17.26 Bn | 17.01 Bn | 381.00 Mn | 12.80% |
| 9 | Aramark | 15.08 Bn | 14.60 Bn | 426.39 Mn | 2.08% |
| 10 | Amentum Holdings | 5.52 Bn | 5.10 Bn | 345.00 Mn | 1.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.80% |
| Dec 31, 2025 | 9.00% |
| Sep 30, 2025 | 13.54% |
| Jun 30, 2025 | 12.50% |
| Mar 31, 2025 | 10.07% |
| Dec 31, 2024 | 11.50% |
| Sep 30, 2024 | 12.86% |
| Jun 30, 2024 | 14.52% |
| Mar 31, 2024 | 8.96% |
| Dec 31, 2023 | 9.06% |
| Sep 30, 2023 | 8.43% |
| Jun 30, 2023 | 14.37% |
| Mar 31, 2023 | 9.22% |