UL Solutions Inc. ULS
Precision Instruments · IPO 2024 · data as of November 13, 2026
UL Solutions Inc. (ULS) is a healthcare company listed in the US with a market value of about $16.2B. In the twelve months to September 30, 2026 it had revenue of $3.2B and net income of $513M, a net margin of 16.1%.
Its overall Stock Analiz score is 2.6 out of 5 (average). The strongest part is financial health (5/5); the weakest is value (0/5).
Key numbers: a P/E of 31.9, a price to free cash flow of 33.7, a 5-year average ROIC of 22%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 48% below the current price.
Score: 2.6 / 5
Checks passed
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year average ROIC above 12%
- ROE above 15%
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
- Debt below 3 years of free cash flow
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 4 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $2.9B | $2.7B | $2.5B |
| Net income | $513M | $325M | $326M | $260M | $293M |
| Free cash flow | $481M | $403M | $287M | $252M | $208M |
| EPS (diluted) | $2.52 | $1.60 | $1.62 | $1.30 | $1.47 |
| Net margin | 16.1% | 10.7% | 11.4% | 9.7% | 11.6% |
| ROIC | — | 19.7% | 20.9% | 17.1% | 30.9% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 12 analysts is $96.45, 20% above the current price; targets range from $81.40 to $115.00; the consensus rating is “Buy”; expected EPS is $2.37 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is UL Solutions’s P/E ratio?
About 31.9, based on the last twelve months of diluted earnings per share (forward P/E about 32.6).
Is UL Solutions stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 48% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does UL Solutions pay a dividend?
Yes. The dividend yield is about 0.71%, and it has paid dividends for 4 years in our data.
Is UL Solutions a good stock to buy?
We do not give buy or sell advice. UL Solutions scores 2.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.