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UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions’ total revenue and are composed of two segments: industrial and consumer. UL Solutions’ remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.
2008
15.1K+
LTM Revenue $2.9B
LTM EBITDA $690M
$14.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
UL Solutions has a last 12-month revenue (LTM) of $2.9B and a last 12-month EBITDA of $690M.
In the most recent fiscal year, UL Solutions achieved revenue of $2.9B and an EBITDA of $642M.
UL Solutions expects next 12-month revenue of XXX and NTM EBITDA of XXX
See UL Solutions valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.9B | XXX | $2.9B | XXX | XXX | XXX |
| Gross Profit | $1.5B | XXX | $1.4B | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $690M | XXX | $642M | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 22% | XXX | XXX | XXX |
| EBIT | $495M | XXX | $462M | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $345M | XXX | $326M | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $444M | XXX | XXX | XXX |
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As of May 30, 2025, UL Solutions's stock price is $71.
UL Solutions has current market cap of $14.3B, and EV of $14.9B.
See UL Solutions trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $14.9B | $14.3B | XXX | XXX | XXX | XXX | $1.73 |
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Start Free TrialAs of May 30, 2025, UL Solutions has market cap of $14.3B and EV of $14.9B.
UL Solutions's trades at 5.2x EV/Revenue multiple, and 23.2x EV/EBITDA.
Equity research analysts estimate UL Solutions's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
UL Solutions has a P/E ratio of 41.6x.
See valuation multiples for UL Solutions and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $14.3B | XXX | $14.3B | XXX | XXX | XXX |
| EV (current) | $14.9B | XXX | $14.9B | XXX | XXX | XXX |
| EV/Revenue | 5.1x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBITDA | 21.6x | XXX | 23.2x | XXX | XXX | XXX |
| EV/EBIT | 30.1x | XXX | 32.3x | XXX | XXX | XXX |
| EV/Gross Profit | 10.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 41.6x | XXX | 44.0x | XXX | XXX | XXX |
| EV/FCF | 44.3x | XXX | 52.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialUL Solutions's last 12 month revenue growth is 6%
UL Solutions's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
UL Solutions's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
UL Solutions's rule of X is 38% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for UL Solutions and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 24% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | 26% | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 38% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 32% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Count | XXX | XXX | XXX | XXX | XXX | XXX |
| Kelly Partners Group | XXX | XXX | XXX | XXX | XXX | XXX |
| WT Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Aallon Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Administer | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
UL Solutions acquired XXX companies to date.
Last acquisition by UL Solutions was XXXXXXXX, XXXXX XXXXX XXXXXX . UL Solutions acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was UL Solutions founded? | UL Solutions was founded in 2008. |
| Where is UL Solutions headquartered? | UL Solutions is headquartered in United States of America. |
| How many employees does UL Solutions have? | As of today, UL Solutions has 15.1K+ employees. |
| Who is the CEO of UL Solutions? | UL Solutions's CEO is Ms. Jennifer F. Scanlon. |
| Is UL Solutions publicy listed? | Yes, UL Solutions is a public company listed on NYS. |
| What is the stock symbol of UL Solutions? | UL Solutions trades under ULS ticker. |
| When did UL Solutions go public? | UL Solutions went public in 2024. |
| Who are competitors of UL Solutions? | Similar companies to UL Solutions include e.g. Count, Kelly Partners Group, WT Financial Group, Aallon Group. |
| What is the current market cap of UL Solutions? | UL Solutions's current market cap is $14.3B |
| What is the current revenue of UL Solutions? | UL Solutions's last 12 months revenue is $2.9B. |
| What is the current revenue growth of UL Solutions? | UL Solutions revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of UL Solutions? | Current revenue multiple of UL Solutions is 5.1x. |
| Is UL Solutions profitable? | Yes, UL Solutions is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of UL Solutions? | UL Solutions's last 12 months EBITDA is $690M. |
| What is UL Solutions's EBITDA margin? | UL Solutions's last 12 months EBITDA margin is 24%. |
| What is the current EV/EBITDA multiple of UL Solutions? | Current EBITDA multiple of UL Solutions is 21.6x. |
| What is the current FCF of UL Solutions? | UL Solutions's last 12 months FCF is $336M. |
| What is UL Solutions's FCF margin? | UL Solutions's last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of UL Solutions? | Current FCF multiple of UL Solutions is 44.3x. |
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