UL Solutions Inc. · Testing Laboratories

ULS

Low riskNext report: In 6 days (est.)

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The short version

A high-quality, profitable business with steady sales.

Going well

Profitable
Brings in more cash than it spends
High return on equity: 30%

Money moves

Insiders sold $876K in the last 30 days, all through pre-planned sales
Institutions added 1.7% to their holdings in the quarter ending June 2026 (226 bought, 155 sold)
Held by George Soros (Soros Fund)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$72.99-0.6% that day

Company value: $14.9B; Share price times all shares
Price vs profit (P/E): 29.4x; You pay about $29 for each $1 of yearly profit
Price vs sales: 4.7x; Company value is 4.7 times a year of sales
Dividend yield: 0.7%; Yearly dividend as a share of today's price
Cash vs value: 3%; Cash as a share of company value
Debt vs value: 3%; Debt as a share of company value

From ULS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$816.0M+5.2% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $3.1B, up 6.6% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of ULS. Starting points are the company's recent numbers.

Sales growth+7% a yearRecently: +6.6% a yearProfit margin16%Last 12 months: 16.1%P/E at the end29xToday: 29.4x. Many steady companies trade at 12x to 25xShare count change+1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.4B

Profit in 5 years$706M

Price these guesses point to$95.49+31% vs $72.99 todayAbout +5.5% a year, before dividends

What today's price needs: with a 16% margin and a 29x P/E, sales would have to grow about 1.4% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

4/5Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.30.0%
PassDebt under half of equityNot relying on borrowed money.0.39x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.10.6%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$403.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.5% in 3 years

Revenue: $3.1B; +6.4% vs prior year
Total debt: $491.0M; 0.39x equity
Current ratio: 1.32x; short-term assets / bills due
Free cash flow: $403.0M; 13.2% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $816.0M; +5.2% YoY
EPS: $1.21; vs $0.45
Op. margin: 18.4%; +0.5 pts
Gross margin: 51.1%; +1.9 pts
Free cash flow: $91.0M
Share count: +0.5%; vs a year ago

Insider rating

Last 90 days

45Mixed

Pre-planned sales of $876K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 2.6
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.7%

Institutions added 1.7% to their holdings. 226 bought, 155 sold.

Shares held by institutions87.5M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+0.7%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.2x · $301.0M debt

Shares outstandingLatest reported

204M

Earnings reports

Last 10

Next reportIn 6 days (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 5
Results filedFeb 19
Results filedNov 4, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Oct 7 · View filing ↗Big holder 5%+ holder update (passive)Aug 13 · View filing ↗Big holder 5%+ holder update (passive)Jul 30 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$876K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Jennifer F. ScanlonPresident and CEO	Sell	13K	$70.08	$876K	127K	Oct 8Filing ↗
-9% of their holdings Pre-planned sale (10b5-1) Also Director Filed 1 day after