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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |