ULS
ULS 1-star rating from Upturn Advisory

UL Solutions Inc. (ULS)

UL Solutions Inc. (ULS) 1-star rating from Upturn Advisory
$76.6
Last Close (24-hour delay)
Profit since last BUY13.29%
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SELL
SELL since 3 days
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Upturn Advisory Summary

12/05/2025: ULS (1-star) is a SELL. SELL since 3 days. Simulated Profits (13.29%). Updated daily EoD!

Upturn Star Rating

Upturn 1 star rating for performance

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

3 star rating from financial analysts

11 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $91.71

1 Year Target Price $91.71

Analysts Price Target For last 52 week
$91.71 Target price
52w Low $48.16
Current$76.6
52w High $91.82

Analysis of Past Performance

Type Stock
Historic Profit -4.53%
Avg. Invested days 31
Today’s Advisory SELL
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 12/05/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 15.40B USD
Price to earnings Ratio 45.87
1Y Target Price 91.71
Price to earnings Ratio 45.87
1Y Target Price 91.71
Volume (30-day avg) 11
Beta -
52 Weeks Range 48.16 - 91.82
Updated Date 12/7/2025
52 Weeks Range 48.16 - 91.82
Updated Date 12/7/2025
Dividends yield (FY) 0.83%
Basic EPS (TTM) 1.67

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 11.29%
Operating Margin (TTM) 19.8%

Management Effectiveness

Return on Assets (TTM) 11.15%
Return on Equity (TTM) 33.93%

Valuation

Trailing PE 45.87
Forward PE 36.23
Enterprise Value 15878537201
Price to Sales(TTM) 5.13
Enterprise Value 15878537201
Price to Sales(TTM) 5.13
Enterprise Value to Revenue 5.29
Enterprise Value to EBITDA 23.15
Shares Outstanding 62882235
Shares Floating 61888303
Shares Outstanding 62882235
Shares Floating 61888303
Percent Insiders 1.11
Percent Institutions 95.22

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI SWOT

UL Solutions Inc.

UL Solutions Inc.(ULS) company logo displayed in Upturn AI summary

Company Overview

Company history and background logo History and Background

UL Solutions Inc. was originally founded as Underwriters Laboratories in 1894 by William Henry Merrill. Initially focused on electrical safety testing, it evolved into a global safety science leader. Significant milestones include expanding its testing capabilities to various industries and geographies, its spin-off from the UL non-profit organization and subsequent IPO in 2024, marking a new era as a publicly traded entity. Its evolution reflects a continuous adaptation to emerging technologies and global safety standards.

Company business area logo Core Business Areas

  • Product Safety Certification: Provides third-party certification and testing services to ensure products meet safety, compliance, and performance standards. This includes electrical, mechanical, and material safety.
  • Testing for Performance and Quality: Offers a range of testing services to evaluate product performance, durability, and quality under various conditions, crucial for market entry and consumer trust.
  • Advisory and Consulting Services: Provides expert guidance on regulatory compliance, risk management, cybersecurity, and sustainability to help businesses navigate complex global markets.
  • Research and Development: Invests in cutting-edge research to identify and address emerging safety challenges, contributing to the development of new safety standards and technologies.

leadership logo Leadership and Structure

UL Solutions Inc. is led by a Board of Directors and a senior executive team responsible for strategic direction and operational oversight. As a publicly traded company, its structure is designed to serve shareholders while maintaining its commitment to safety science. Specific leadership details are typically found in investor relations materials and SEC filings.

Top Products and Market Share

Product Key Offerings logo Key Offerings

  • Product Safety Certification: UL Certification Mark is a globally recognized symbol of safety. It covers a vast range of products, from consumer electronics and appliances to industrial equipment and medical devices. Competitors include Intertek (ETL Mark), SGS, Tu00dcV Rheinland, and CSA Group. Market share data is proprietary and not publicly disclosed, but UL Solutions is a dominant player in North America and holds significant global influence.
  • Cybersecurity Testing and Advisory: Offers comprehensive cybersecurity assessment, testing, and advisory services for connected devices, software, and IT infrastructure. Competitors include NIST, NCC Group, and various specialized cybersecurity firms. This is a rapidly growing segment.
  • Sustainability Services: Provides services related to environmental claims validation, green building certifications, and life cycle assessments. Competitors include Bureau Veritas, SCS Global Services, and ERM. This is a growing area driven by corporate ESG initiatives.

Market Dynamics

industry overview logo Industry Overview

UL Solutions operates within the broader safety, testing, inspection, and certification (TIC) industry. This industry is driven by increasing regulatory complexity, globalization, technological advancements (IoT, AI), growing consumer demand for safety and quality, and a rising focus on sustainability and cybersecurity. The market is characterized by a strong need for independent, third-party verification.

Positioning

UL Solutions is a leading global safety science company with a long-standing reputation for integrity and expertise. Its key competitive advantages include its extensive history, broad scope of services, global reach, strong brand recognition (UL Mark), and deep technical knowledge across numerous industries. It is well-positioned to capitalize on emerging safety and compliance challenges.

Total Addressable Market (TAM)

The global TIC market is estimated to be over $200 billion and is projected to grow at a CAGR of 5-7%. UL Solutions, through its diverse service offerings, addresses a significant portion of this TAM, particularly in product safety, cybersecurity, and emerging areas like sustainability. Its established presence and trusted brand provide a strong foundation for capturing market share.

Upturn SWOT Analysis

Strengths

  • Global brand recognition and trust associated with the UL Mark.
  • Extensive history and deep expertise in safety science across diverse industries.
  • Broad portfolio of services covering testing, certification, and advisory.
  • Strong relationships with manufacturers, regulators, and industry stakeholders.
  • Global network of laboratories and technical experts.

Weaknesses

  • Potential for increased competition from nimble, specialized players.
  • Reliance on regulatory landscapes which can be subject to change.
  • Integration challenges for acquired entities or new service lines.
  • Perception as a legacy organization, potentially slower to adapt to rapid technological shifts compared to newer entrants.

Opportunities

  • Growth in emerging technologies like IoT, AI, and electric vehicles requiring new safety standards.
  • Increasing global demand for cybersecurity and data privacy solutions.
  • Growing corporate focus on Environmental, Social, and Governance (ESG) factors and sustainability.
  • Expansion into new geographic markets with developing regulatory frameworks.
  • Leveraging digital transformation for enhanced service delivery and customer experience.

Threats

  • Economic downturns affecting manufacturing and product development cycles.
  • Changes in international trade policies and regulatory requirements.
  • Rise of self-certification or alternative compliance models.
  • Intense competition from both established TIC players and new entrants.
  • Reputational damage from product failures or data breaches associated with certified products.

Competitors and Market Share

Key competitor logo Key Competitors

  • Intertek Group plc (ITRK.L)
  • SGS SA (SSGS.SW)
  • Tu00dcV Rheinland AG
  • CSA Group
  • Bureau Veritas SA (BVI.PA)

Competitive Landscape

UL Solutions leverages its strong brand equity and comprehensive service portfolio as significant advantages. However, competitors like Intertek and SGS offer a broad range of services globally, while others like Tu00dcV Rheinland specialize in certain technical areas. The landscape is competitive, requiring continuous innovation and strategic expansion to maintain market leadership.

Major Acquisitions

TBD (Specific acquisitions pre-IPO or post-IPO)

  • Year: N/A
  • Acquisition Price (USD millions): N/A
  • Strategic Rationale: N/A

Growth Trajectory and Initiatives

Historical Growth: Historically, UL Solutions has demonstrated consistent growth driven by its expansion into new service areas, geographic expansion, and the increasing complexity of global product safety and regulatory requirements. The spin-off and IPO signal a strategic intent to accelerate this growth through public market capital.

Future Projections: Future projections are expected to be positive, driven by the continued growth in the TIC market, increasing demand for specialized services like cybersecurity and sustainability, and its strong market position. Analyst reports and company guidance will provide more specific growth forecasts.

Recent Initiatives: Recent initiatives likely include strategic acquisitions to bolster service offerings or geographic presence, investments in digital transformation to enhance customer experience and efficiency, and a sharpened focus on high-growth sectors such as IoT, electric vehicles, and sustainable technologies.

Summary

UL Solutions Inc. is a well-established leader in the global safety science and TIC market. Its strengths lie in its trusted brand, extensive expertise, and broad service portfolio. The company is well-positioned to capitalize on emerging trends in technology, sustainability, and cybersecurity. However, it faces intense competition and the need to continually adapt to evolving regulatory and technological landscapes. Strategic investments and agile execution will be key to its continued success.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company investor relations materials (pre-IPO and post-IPO)
  • SEC filings (Form S-1, 10-K, 10-Q)
  • Industry analysis reports for the TIC market
  • Financial news and market data providers

Disclaimers:

This JSON output is generated based on publicly available information and industry analysis. Specific financial figures, market share data, and acquisition details for UL Solutions Inc. may be proprietary or subject to change, especially as a recently public entity. Investors should conduct their own thorough due diligence and consult with financial professionals before making any investment decisions. Market share percentages are illustrative estimates.

Information icon for Upturn AI Summarization accuracy disclaimer AI Summarization is directionally correct and might not be accurate.

Information icon for Upturn AI Summarization data freshness disclaimer Summarized information shown could be a few years old and not current.

Information icon warning about Upturn AI Fundamental Rating based on potentially old data Fundamental Rating based on AI could be based on old data.

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About UL Solutions Inc.

Exchange NYSE
Headquaters Northbrook, IL, United States
IPO Launch date 2024-04-12
President, CEO & Director Ms. Jennifer F. Scanlon
Sector Industrials
Industry Specialty Business Services
Full time employees 14813
Full time employees 14813

UL Solutions Inc., together with its subsidiaries, provides testing, inspection and certification, and related software and advisory services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building and asset owners, end users, and regulators. The Consumer segment offers safety certification testing, ongoing certification, global market access, testing for connectivity, performance and quality, and critical systems advisory and training services, as well as product market acceptance and risk mitigation services for customers in the consumer products end markets comprising consumer electronics, medical devices, information technologies, appliances, HVAC, lighting, and retail, as well as consumer applications, such as new mobility, smart products, and 5G. The Software and Advisory segment provide software and technical advisory services that enable customers to manage regulatory requirements, deliver supply chain transparency, and operationalize sustainability. It offers ULTRUS, a software that helps customers meet regulatory, supply chain, and sustainability challenges. UL Solutions Inc. was formerly known as UL Inc. and changed its name to UL Solutions Inc. in June 2022. The company was founded in 1894 and is headquartered in Northbrook, Illinois. UL Solutions Inc. is a subsidiary of ULSE Inc.