UL Solutions Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $3.05B | $2.87B | $2.68B | $2.52B |
| Cost of Revenue | $1.54B | $1.48B | $1.39B | $1.31B |
| Gross Profit | $1.51B | $1.39B | $1.28B | $1.21B |
| Gross Margin | 49.5% | 48.5% | 47.9% | 47.9% |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $953.0M | $931.0M | $875.0M | $795.0M |
| Operating Income | $522.0M | $462.0M | $368.0M | $412.0M |
| Operating Margin | 17.1% | 16.1% | 13.7% | 16.3% |
| Interest Expense | — | — | — | — |
| Pretax Income | $470.0M | $415.0M | $346.0M | $383.0M |
| Income Tax Expense | $125.0M | $70.0M | $70.0M | $74.0M |
| Net Income | $325.0M | $326.0M | $260.0M | $293.0M |
| Net Margin | 10.6% | 11.4% | 9.7% | 11.6% |
| EPS (Basic) | $1.62 | $1.63 | $1.30 | $1.47 |
| EPS (Diluted) | $1.60 | $1.62 | $1.30 | $1.47 |
| Shares Outstanding (Basic) | 201.0M | 200.0M | 200.0M | 200.0M |
| Shares Outstanding (Diluted) | 203.0M | 201.0M | 200.0M | 200.0M |
| Dividends Per Share | $0.52 | $0.50 | $3.40 | $8.00 |