To the full analysis
UL Solutions stock: growth
ULSUL Solutions reported $3.05B in revenue for fiscal 2025, up 6.4% on the prior year, up 5.8% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
4.7%
per year from 2019 to 2025, per share 4.6%
Earnings (Annual rate)
4.8%
per year from 2019 to 2025, per share 4.7%
Free cash flow (Annual rate)
9.3%
per year from 2019 to 2025, per share 9.2%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2019 | |
|---|---|---|
| Revenue | 5.8% | 4.7% |
| Revenue per share | 5.7% | 4.6% |
| Earnings | 7.1% | 4.8% |
| Earnings per share | 6.9% | 4.7% |
| Free cash flow | 1.8% | 9.3% |
| Free cash flow per share | 1.7% | 9.2% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2019 | $2.32B | $246M | $237M |
| 2020 | $2.3B | $231M | $368M |
| 2021 | $2.52B | $224M | $314M |
| 2022 | $2.52B | $293M | $208M |
| 2023 | $2.68B | $260M | $252M |
| 2024 | $2.87B | $326M | $287M |
| 2025 | $3.05B | $325M | $403M |
Revenue by region
Where UL Solutions Inc. generates its revenue.
- United States41%
- China25%
- EMEA17%
- Asia Pacific13%
- Other4%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2024 | 2025 | Share 2025 | |
|---|---|---|---|
| United States | $1.18B | $1.25B | 41% |
| China | $710M | $761M | 24.9% |
| EMEA | $496M | $529M | 17.3% |
| Asia Pacific | $375M | $398M | 13% |
| Other | $111M | $112M | 3.7% |
| Total revenue | $2.87B | $3.05B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 23 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.