UL Solutions
Safety science and certification, North America base.
Recent Signals
Expanded product compliance capabilities in APAC
UL Solutions significantly expanded its laboratory footprint and certification capabilities around EV battery and electronics market-access requirements in Asia.
Governance Snapshot
Shareholder Ownership
- UL Inc.87.40%
- Public Float12.60%
Ownership Concentration
Board Composition
6 board members total
Board Tenure Distribution
Board of Directors
| Name | Role | Type | Since | Nationality | Source | |
|---|---|---|---|---|---|---|
Board Chair | Chairman | Non-executive | 2017 | Demo | ||
Member A | Board Member | Independent | 2018 | Demo | ||
Member B | Board Member | Independent | 2019 | Demo | ||
Member C | Board Member | Independent | 2020 | Demo | ||
Member D | Board Member | Independent | 2021 | Demo | ||
Member E | Board Member | Independent | 2022 | Demo |
Executive Committee
| Name | Title | Since | Source | |
|---|---|---|---|---|
Chief Executive Officer | Chief Executive Officer | 2016 | Demo | |
Chief Financial Officer | Chief Financial Officer | 2017 | Demo | |
Chief Operating Officer | Chief Operating Officer | 2018 | Demo |
Shareholder Structure
| Shareholder | % Held | Change | As Of | Source | |
|---|---|---|---|---|---|
UL Inc. | 87.4% | — | — | Demo | |
Public Float | 12.6% | — | — | Demo |
Expanded product compliance capabilities in APAC
UL Solutions significantly expanded its laboratory footprint and certification capabilities around EV battery and electronics market-access requirements in Asia.
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Verified official source · FY2025 · Official Full Year Results & 10-K
https://www.ul.com/news/ul-solutions-inc-reports-strong-fourth-quarter-and-full-year-2025-results$3.1B
Revenue
+6.4% YoY
25.9%
Adj. EBITDA Margin
$792M
Adj. EBITDA
25.9% margin
14,851
Employees
+6.2%
Organic Growth
Income & Cash Flow Summary · FY2025
Revenue
$3,053M
EBITDA
25.9% of revenue
$792M
Net Profit
11.3% of revenue
$345M
Operating Cash Flow
19.7% of revenue
$600M
Margin Profile
Revenue vs Peers · FY2025 · UL Solutions highlighted
Operating Margin vs Peers · FY2025 — dashed line = 15% benchmark
Intelligence Highlights
Adjusted EBITDA margin of 25.9% is the highest in the competitive set — UL Solutions' software and certification mix commands premium margins.
Organic growth of 6.2% demonstrates the highest quality revenue growth, with minimal acquisition contribution.
Revenue per employee of ~$205K is the highest in the set, reflecting a premium advisory and software model.
As a recently-IPO'd company, UL Solutions faces public market scrutiny not applicable to private TIC peers.
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