UL Solutions ULS
NYSE ULS
$71.11 -1.78 (-2.44%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

UL Solutions' (ULS) quarterly Net Margin came in at 31.13% in Q2 2026, up 1863.0% year-over-year from 1.59% in Q2 2025, and up 143.24% quarter-over-quarter from 12.8% in Q1 2026.

Analysis

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

UL Solutions has disclosed Net Margin across 4 years of filings, most recently posting 31.13% for Q2 2026.

  • In Q2 2026, Net Margin rose 1863.0% year-over-year to 31.13%; the TTM figure through Jun 2026 stood at 16.78% (up 502.0% YoY), while the FY2025 annual figure was 11.3%, down 72.0% from the prior year.
  • Net Margin came in at 31.13% for Q2 2026 at UL Solutions, up from 12.8% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 31.13% in Q2 2026 to a low of 8.43% in Q3 2023.
  • Average Net Margin over 4 years is 12.71%, with a median of 12.0% recorded in 2025.
  • Year-over-year, Net Margin plunged 250 bps in 2025 and surged 1863 bps in 2026.
  • Over 4 years, Net Margin stood at 9.06% in 2023, then rose by 27 bps to 11.5% in 2024, then slipped by 22 bps to 9.0% in 2025, then surged by 246 bps to 31.13% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 31.13% in Q2 2026, 12.8% in Q1 2026, and 9.0% in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Accenture 108.80 Bn 98.63 Bn 6.13 Bn 12.76%
2 UL Solutions 14.40 Bn 13.97 Bn 417.00 Mn 31.13%
3 Gartner 11.34 Bn 9.85 Bn 1.19 Bn 16.44%
4 Tetra Tech 9.21 Bn 8.98 Bn 243.21 Mn 8.37%
5 Booz Allen Hamilton Holding 9.08 Bn 8.54 Bn 1.46 Bn 7.07%
6 Genpact 5.81 Bn 5.29 Bn 490.34 Mn 10.85%
7 Fti Consulting 4.32 Bn 4.16 Bn 316.27 Mn 5.82%
8 Korn Ferry 4.01 Bn 2.88 Bn 685.99 Mn 9.61%
9 Grand Canyon Education 3.95 Bn 3.68 Bn 204.08 Mn 17.37%
10 Exponent 3.28 Bn 3.22 Bn 158.75 Mn 17.13%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 31.13%
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%