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
DateValue
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%