UL Solutions (ULS) Net Margin (2023 - 2026)
UL Solutions' Net Margin came in at 13.12% for Q3 2026, up 0.35 percentage points from 12.77% a year earlier but down 17.02 percentage points from the prior quarter.
Powered by 
Analysis
UL Solutions (ULS) Net Margin (2023 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, UL Solutions reported Net Margin of 16.10%, up 4.81 percentage points year-over-year; for FY2025, it came in at 10.65%, down 0.71 percentage points from FY2024.
- Net Margin carries a three-year change of -0.98 percentage points (FY2022 to FY2025).
- Going back by year, Net Margin was 11.36% in FY2024 (+1.65 pp), 9.71% in FY2023 (-1.92 pp) and 11.63% in FY2022.
- The five-year range for quarterly Net Margin is 7.84% (Q3 2023) to 30.15% (Q2 2026).
- Year-over-year, Net Margin has increased for three consecutive quarters, with an average year-over-year change of +2.65 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2026 (a gain of 18.42 percentage points), and the weakest in Q4 2025 (a drop of 2.47 percentage points).
- Business Quant data shows ULS's Net Margin at 30.15% (Q2 2026), 12.14% (Q1 2026) and 8.49% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Accenture | 153.56 Bn | 111.49 Bn | 5.98 Bn | 10.66% |
| 2 | Cintas | 88.59 Bn | 87.67 Bn | 1.55 Bn | 18.31% |
| 3 | Iron Mountain | 33.27 Bn | 32.47 Bn | 1.06 Bn | 6.24% |
| 4 | APi | 18.49 Bn | 15.70 Bn | 770.00 Mn | 3.99% |
| 5 | Rollins | 18.05 Bn | 17.59 Bn | 582.90 Mn | 14.49% |
| 6 | UL Solutions | 16.33 Bn | 14.33 Bn | 423.00 Mn | 13.12% |
| 7 | Aramark | 14.48 Bn | 12.43 Bn | 430.34 Mn | 1.93% |
| 8 | Rentokil Initial | 11.94 Bn | 6.46 Bn | - | 4.78% |
| 9 | Gartner | 11.90 Bn | 5.39 Bn | 1.07 Bn | 14.25% |
| 10 | Tetra Tech | 10.45 Bn | 9.56 Bn | 243.21 Mn | 8.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.12% |
| Jun 30, 2026 | 30.15% |
| Mar 31, 2026 | 12.14% |
| Dec 31, 2025 | 8.49% |
| Sep 30, 2025 | 12.77% |
| Jun 30, 2025 | 11.73% |
| Mar 31, 2025 | 9.50% |
| Dec 31, 2024 | 10.96% |
| Sep 30, 2024 | 12.04% |
| Jun 30, 2024 | 13.84% |
| Mar 31, 2024 | 8.36% |
| Dec 31, 2023 | 8.48% |
| Sep 30, 2023 | 7.84% |
| Jun 30, 2023 | 13.64% |
| Mar 31, 2023 | 8.74% |
API Access
UL Solutions Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=ULS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "ULS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=ULS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();