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

UL Solutions (ULS) posted Net Margin of 12.8% for Q1 2026, up 42.21% sequentially from 9.0% in Q4 2025, and up 273.0% YoY from 3.43% in Q1 2025.

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

UL Solutions has reported Net Margin for 4 years, with the latest figure at 12.8% in Q1 2026.

Quarterly Net Margin rose 273.0% year-over-year to 12.8% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 11.94% (down 31.0% YoY) and the FY2025 annual result came in at 11.3%, down 72.0% from the prior year.
Net Margin advanced to 12.8% in Q1 2026 per ULS's latest filing, from 9.0% in the prior quarter.
Over five years, Net Margin peaked at 14.52% in Q2 2024 and troughed at 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.
The sharpest annual moves came in 2024 and 2025: Net Margin surged 443 bps in 2024, then sank 250 bps in 2025.
Over 4 years, Net Margin stood at 9.06% in 2023, then advanced by 27 bps to 11.5% in 2024, then declined by 22 bps to 9.0% in 2025, then jumped by 42 bps to 12.8% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 12.8%, 9.0%, and 13.54% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Cintas	82.11 Bn	81.82 Bn	1.48 Bn	17.59%
2	Relx	65.91 Bn	65.74 Bn	-	-
3	Copart	32.25 Bn	28.90 Bn	732.88 Mn	32.45%
4	Global Payments	25.31 Bn	19.90 Bn	2.03 Bn	0.22%
5	Rb Global	16.29 Bn	15.76 Bn	935.50 Mn	10.02%
6	Aramark	15.65 Bn	15.15 Bn	430.34 Mn	1.93%
7	UL Solutions	15.09 Bn	14.65 Bn	417.00 Mn	31.13%
8	Rentokil Initial	11.94 Bn	9.41 Bn	-	-
9	Dolby Laboratories	6.15 Bn	5.48 Bn	264.68 Mn	9.57%
10	Unifirst	5.25 Bn	5.08 Bn	234.73 Mn	3.14%

Download Data