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ULS
UL Solutions Inc.Stock · Health Care
$76.80+$0.12 (+0.16%)as of market close, Aug 13, 2026
☾ After hours:$76.81+0.00%3:59 PM ET
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How UL Solutions makes money

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How does UL Solutions make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

UL Solutions Inc. · FY2025 · year ended 2025-12-31
Revenue$3.1BGross profit$1.5B · 49%Cost of revenue$1.5B · 51%Operating income$522M · 17%Operating expenses$988M · 32%SG&A$953M · 31%Other opex$35M · 1%Pre-tax income$450M · 15%Other expense$72M · 2%Net income$325M · 11%Income tax$125M · 4%Ongoing Certification Services$1.0B · 33%Non Certification Testing & Other Services$911M · 30%Certification Testing$851M · 28%Software$285M · 9%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.