UL Solutions (ULS) Financial Ratios: P/E, ROE & More

UL Solutions (ULS) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), UL Solutions had a P/E ratio of 51.81 (up from 30.62), return on equity of 31.0% (down from 42.9%), debt-to-equity of 0.53 (down from 1.00) and a current ratio of 1.32 (up from 1.25). A current ratio of 1.32 means current assets exceed current liabilities. Its dividend yield was 0.66% with a payout ratio of 32.0%.

UL Solutions Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	51.81	30.62	-	-	-	-
Forward P/E	39.27	29.82	-	-	-	-
P/S Ratio	5.51	3.48	-	-	-	-
P/B Ratio	13.01	10.72	-	-	-	-
Price/Tangible Book	37.17	116.07	-	-	-	-
Price/FCF	41.78	34.78	-	-	-	-
Price/OCF	28.06	19.05	-	-	-	-
PEG Ratio	3.13	2.98	-	-	-	-
Enterprise Value Ratios
EV/Revenue	5.68	3.72	-	-	-	-
EV/EBITDA	25.66	18.81	-	-	-	-
EV/EBIT	31.37	23.49	-	-	-	-
EV/FCF	43.04	37.16	-	-	-	-
Profitability & Returns
Return on Equity (ROE)	31.01%	42.88%	31.45%	18.13%	10.34%	-
Return on Assets (ROA)	12.08%	10.25%	9.19%	7.46%	4.45%	-
Return on Invested Capital (ROIC)	24.98%	25.21%	22.93%	24.84%	17.35%	16.52%
Return on Capital Employed (ROCE)	25.60%	22.00%	19.80%	18.80%	9.00%	11.50%
Leverage & Solvency Ratios
Debt/Equity	0.53	1.00	1.57	0.61	0.07	0.07
Debt/EBITDA	0.89	1.45	1.83	1.20	0.36	0.33
Debt/FCF	1.70	3.26	4.22	3.17	0.49	0.44
Liquidity Ratios
Current Ratio	1.32	1.25	1.34	1.44	2.52	2.38
Quick Ratio	1.21	1.16	1.28	1.38	2.44	2.29
Efficiency Ratios
Asset Turnover	1.07	1.04	0.98	0.79	0.70	-
Yield & Distribution Ratios
Earnings Yield	1.93%	3.27%	-	-	-	-
FCF Yield	2.39%	2.88%	-	-	-	-
Dividend Yield	0.66%	1.02%	-	-	-	-
Payout Ratio	32.00%	30.68%	30.77%	-	-	3.90%
Buyback Yield	-0.99%	-0.50%	-	-443.28%	-	-
Total Return	-0.33%	0.52%	-	-443.28%	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About UL Solutions Financial Ratios

What is UL Solutions's P/E ratio?

UL Solutions's P/E ratio was 51.81 for fiscal 2025 (period ended Dec 31, 2025). It was 30.62 a year earlier.

What is UL Solutions's return on equity?

UL Solutions's return on equity (ROE) was 31.0% for fiscal 2025 (period ended Dec 31, 2025). It was 42.9% a year earlier.

What is UL Solutions's debt-to-equity ratio?

UL Solutions's debt-to-equity ratio was 0.53 for fiscal 2025 (period ended Dec 31, 2025). It was 1.00 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition