UL Solutions (ULS) Net Margin (2023 - 2026)
Quarterly results put Net Margin at 12.8% for Q1 2026, up 273.0% from a year ago — trailing twelve months through Mar 2026 was 11.94% (down 31.0% YoY), and the annual figure for FY2025 was 11.3%, down 72.0%.
UL Solutions has reported Net Margin over the past 4 years, most recently at 12.8% for Q1 2026.
- Net Margin reached 12.8% in Q1 2026 per ULS's latest filing, up from 9.0% in the prior quarter.
- Across five years, Net Margin topped out at 14.52% in Q2 2024 and bottomed at 8.43% in Q3 2023.
- Median Net Margin over the past 4 years was 11.5% (2024), compared with a mean of 11.29%.
- The largest annual shift saw Net Margin soared 443bps in 2024 before it crashed -250bps in 2025.
- Over 4 years, Net Margin stood at 9.06% in 2023, then rose by 27bps to 11.5% in 2024, then fell by -22bps to 9.0% in 2025, then surged by 42bps to 12.8% in 2026.
- Business Quant data shows Net Margin for ULS 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 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 17.68% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 31.20% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 12.80% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -76.01% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 10.09% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 2.08% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 1.55% |
| 10 | Dolby Laboratories | 5.15 Bn | 4.56 Bn | 350.90 Mn | 24.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |