UL Solutions ULS
NYSE ULS
$75.24 -0.79 (-1.04%)
At close: Aug 20, 2026 · 4:00 PM EDT

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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Cintas 81.69 Bn 81.40 Bn 1.48 Bn 17.59%
2 Relx 64.97 Bn 64.80 Bn - -
3 Copart 32.09 Bn 28.74 Bn 732.88 Mn 32.45%
4 Global Payments 24.80 Bn 19.40 Bn 2.03 Bn 0.22%
5 Rb Global 16.24 Bn 15.72 Bn 935.50 Mn 10.02%
6 Aramark 15.68 Bn 15.18 Bn 430.34 Mn 1.93%
7 UL Solutions 15.20 Bn 14.77 Bn 417.00 Mn 31.13%
8 Rentokil Initial 11.80 Bn 9.27 Bn - -
9 Dolby Laboratories 6.05 Bn 5.38 Bn 264.68 Mn 9.57%
10 Unifirst 5.23 Bn 5.06 Bn 234.73 Mn 3.14%

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%