For the year ending 2025-12-31, ULS made $3,053M in revenue. $325M in net income. Net profit margin of 10.65%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Revenue | 3,053 | 2,870 | ||
| Cost of revenue | 1,543 | 1,477 | ||
| Selling, general and administrative expenses | 953 | 931 | ||
| Goodwill impairment | 0 | - | ||
| Restructuring | 35 | - | ||
| Operating income | 522 | 462 | ||
| Interest expense | 41 | 55 | ||
| Other (expense) income, net | -11 | 8 | ||
| Income before income taxes | 470 | 415 | ||
| U.s. federal statutory tax rate | 99 | - | ||
| State and local income taxes, net of federal income tax effect | 4 | - | ||
| Withholding tax-CN | 8 | - | ||
| Other-CN | 5 | - | ||
| Valuation allowance-DE | 8 | - | ||
| Other-DE | -3 | - | ||
| Other foreign jurisdictions-SG | -13 | - | ||
| Local taxes at a rate different than the statutory rate-SG | -7 | - | ||
| Other-SG | -3 | - | ||
| Other foreign jurisdictions-Foreign Tax Jurisdiction Other | 14 | - | ||
| Valuation allowance | 6 | - | ||
| U.s. nondeductible compensation | 5 | - | ||
| Other | 2 | - | ||
| Income tax expense | 125 | 70 | ||
| Net income | 345 | 345 | ||
| Less net income attributable to non-controlling interests | 20 | 19 | ||
| Net income attributable to stockholders of ul solutions | 325 | 326 | ||
| Basic (in dollars per share) | 1.62 | 1.63 | ||
| Basic (in shares) | 201,000,000 | 200,000,000 | ||
| Diluted (in dollars per share) | 1.6 | 1.62 | ||
| Diluted (in shares) | 203,000,000 | 201,000,000 | ||
UL Solutions Inc. (ULS)
UL Solutions Inc. (ULS)