UL Solutions (ULS)
Tests, inspects and certifies products while supplying compliance software and advisory services.
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Provides independent testing, inspection and certification across industrial and consumer markets, with software and advisory services for regulatory, supply-chain and sustainability workflows. Ongoing certification links the UL Mark to follow-up conformity work, while a nonprofit affiliate retains voting control.
Provides independent testing, inspection and certification, plus software and advisory services, across industrial and consumer markets. Industrial and Consumer apply the test-and-certify model, while Risk & Compliance Software supports regulatory, supply-chain and sustainability workflows.
Turns initial testing into ongoing certification services through the UL Mark and follow-up conformity work, serving a global customer base. This links laboratory evidence, recognized certification marks and recurring surveillance as products and requirements change.
Demand depends on manufacturers and other customers continuing to need independent safety, compliance and market-access evidence. The commercial company also relies on standards-library access, trademarks and shared support arrangements with affiliated nonprofit organizations. UL Standards & Engagement retains high-vote shares and voting control.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 5, 2026 | Goldman Sachs | Target | Target: $79 | Target: $86 |
| Aug 5, 2026 | Robert W. Baird | Target | Target: $96 | Target: $95 |
| Jul 14, 2026 | UBS | Upgrade | ||
| May 6, 2026 | UBS | Reiterate | Rating: —Target: $90 | Target: $110 |
| May 6, 2026 | Raymond James | Target | Target: $72 | Target: $115 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $434.0M · Total debt $551.0M · Total assets $3.12B · Shareholders' equity $1.60B
- Revenue
- $816.0M
- Operating income
- $150.0M
- Net income
- $246.0M
HistoryDividendAnnual yield
| Institutions | 43.89% | 88.62M shares | |
|---|---|---|---|
| 407 holders · as of Jun 30, 2026 | |||
| Insiders | 0.41% | 836.3K shares | |
| 18 holders · as of Sep 3, 2026 | |||
| Strategic holders | 61.30% | 123.76M shares | |
| 1 holder · as of Feb 10, 2026 | |||
| Adds to | 105.60% | ||
201.90M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.60%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
ULSE Inc.Strategic10 percent owner | 61.30% | 123.76M COMPANY | filed Feb 10, 2026 |
BlackRock, Inc.Institution | 3.53% | 7.13M A | as of Jun 30, 2026 |
T. Rowe Price Investment Management, Inc.Institution | 3.43% | 6.92M A | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 3.03% | 6.12M A | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 2.33% | 4.69M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Jennifer F. Scanlon | director, officer: President and CEO | −12,500 | $73.66 |
| Aug 3, 2026 | Jennifer F. Scanlon | director, officer: President and CEO | −12,500 | $92.08 |
| Jul 1, 2026 | Jennifer F. Scanlon | director, officer: President and CEO | −12,500 | $99.22 |
| Jun 9, 2026 | Karen K. Pepping | officer: Senior VP & CAO | −725 | $97.74 |
| Jun 3, 2026 | Gitte Schjotz | officer: See Remarks | −9,865 | $96.98 |
Not reported.