Analyst Consensus ?
ConsensusBuy8 ratings
Bullish562.5%
Neutral337.5%
Bearish00.0%
UL Solutions Inc. · ULS · FY2025 Q4 · Calendar Q1 2026
UL Solutions pairs record FY2025 growth with a higher 2026 margin target
UL Solutions’ FY2025 results and higher 2026 adjusted EBITDA margin target support a constructive operating trajectory, while the durability of growth and the returns on rising investment remain key tests.
Reported Before market openNYSEIndustrials
$16.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.53
Consensus $0.45
EPS surprise
+19.0%
Reported versus consensus
Reported revenue
$789.0M
Consensus $782.4M
Revenue surprise
+0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+16.0%
Event window
SPY move
-0.3%
Same window
Abnormal move
+16.2%
Stock minus SPY
Volume
2.7×
Versus trailing sessions
Subsequent drift
+0.8%
Up to 20 sessions
ULSSPY benchmark
Ask FN2 about ULS FY2025 Q4
Transcript, numbers and history already loaded
Why did ULS rise 16.0% after beating EPS estimates in FY2025 Q4?What changed in ULS's guidance and outlook in FY2025 Q4?Give me the bull and bear case for ULS after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management reported FY2025 revenue growth across regions and adjusted EBITDA margin expansion, and raised its 2026 adjusted EBITDA margin outlook to 26.5%–27%. The company also described a realignment that moves advisory services into Industrial and establishes a Risk and Compliance Software segment after the EHS software divestiture.
Guidance delta
The supplied analysis says management raised its 2026 adjusted EBITDA margin guidance to 26.5%–27%. No other guidance change is specified in the supplied analysis.
Key takeaways
- FY2025 revenue was reported at $3.1 billion, up 6.4% year over year, with double-digit growth in all major regions.
- Adjusted EBITDA margin increased 300 basis points to 25.9%; 2026 guidance targets 26.5%–27%.
- The company reported $600 million in operating cash flow and continued investment in lab capacity and software.
- The portfolio realignment includes divesting the EHS software business and forming a Risk and Compliance Software segment.
Management priorities
- Expand testing capacity, including advanced automotive EMC and fire-science facilities.
- Continue ULTRUS software and AI capability development.
- Invest in lab capacity, with 2026 capital expenditures expected at 7%–8% of revenue.
- Pursue acquisitions while maintaining disciplined capital allocation.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$78.22Current
$43Low
$86.69Average
$115High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 12, 2026 |
| Baird | Outperform | Outperform | Maintain | Sep 24, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 5, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 7, 2026 |
| B of A Securities | Buy | Buy | Maintain | Feb 20, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Nov 5, 2025 |
| Raymond James | Outperform | Outperform | Maintain | May 7, 2025 |
Named analyst price targets
Upside is calculated against the persisted current price $78.22. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joshua Chan | $97 | $69.99 | +24.0% | Oct 12, 2026 |
| Robert W. Baird | Analyst unavailable | $85 | $65.38 | +8.7% | Sep 24, 2026 |
| Goldman Sachs | Analyst unavailable | $86 | $78.42 | +9.9% | Aug 5, 2026 |
| Robert W. Baird | Analyst unavailable | $95 | $78.34 | +21.5% | Aug 5, 2026 |
| UBS | Analyst unavailable | $110 | $102.85 | +40.6% | May 6, 2026 |
| Raymond James | Analyst unavailable | $115 | $102.68 | +47.0% | May 6, 2026 |
| Telsey Advisory | Analyst unavailable | $100 | $103.71 | +27.8% | May 6, 2026 |
| BNP Paribas | Analyst unavailable | $95 | $91.72 | +21.5% | Apr 20, 2026 |
| UBS | Joshua Chan | $90 | $81.69 | +15.1% | Feb 20, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $87 | $82.64 | +11.2% | Feb 20, 2026 |
| Robert W. Baird | Andrew Wittmann | $96 | $82.64 | +22.7% | Feb 20, 2026 |
| UBS | Analyst unavailable | $85 | $75 | +8.7% | Jan 20, 2026 |
| Robert W. Baird | Andrew Wittmann | $97 | $77.53 | +24.0% | Dec 17, 2025 |
| UBS | Joshua Chan | $96 | $84.79 | +22.7% | Nov 5, 2025 |
| Goldman Sachs | George Tong | $79 | $85.01 | +1.0% | Nov 5, 2025 |
| UBS | Joshua Chan | $75 | $74.65 | -4.1% | Oct 14, 2025 |
| Raymond James | Brian Gesuale | $72 | $67.33 | -8.0% | May 7, 2025 |
| Goldman Sachs | George Tong | $51 | $50.68 | -34.8% | Nov 6, 2024 |
| Jefferies | Stephanie Moore | $62 | $53.88 | -20.7% | Oct 22, 2024 |
| Goldman Sachs | George Tong | $45 | $50.53 | -42.5% | Jul 31, 2024 |
| Robert W. Baird | Andrew Wittmann | $41 | $38 | -47.6% | May 21, 2024 |
| UBS | Joshua Chan | $40 | $38 | -48.9% | May 21, 2024 |
| Wells Fargo | Jason Haas | $43 | $38 | -45.0% | May 21, 2024 |
| Jefferies | Stephanie Moore | $44 | $38 | -43.7% | May 21, 2024 |
| Jefferies | Stephanie Moore | $42 | $36.07 | -46.3% | May 7, 2024 |
| Robert W. Baird | Andrew Wittmann | $40 | $36.07 | -48.9% | May 7, 2024 |
| UBS | Joshua Chan | $38 | $36.07 | -51.4% | May 7, 2024 |
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Start freeCompany context
Snapshot as of publicationUL Solutions Inc. is a global leader in safety science services. The company's operations are organized into three primary business units: Industrial, Consumer, and Software and Advisory. The Industrial division provides comprehensive testing, inspection, and certification services. These offerings serve a wide range of markets, including energy, industrial automation, engineered materials, and the built environment, supporting various parties such as manufacturers, building owners, end-users, and regulatory authorities. Within the Consumer segment, UL Solutions delivers diverse services, including safety certification testing, ongoing compliance monitoring, and assistance with global market access. It also conducts evaluations for connectivity, performance, and quality, alongside offering critical systems advisory and training. Furthermore, this segment aids clients with product market acceptance and risk mitigation.…
Historical context
All ULS earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| SWK Stanley Black & Decker, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +17.2% | Brand-led growth and raised guidance face cost and execution risks |
| AME AMETEK, Inc. | FY2026 Q3 · Calendar Q4 2026 | +4.7% | +2.8% | AMETEK raises FY2026 outlook after record Q3 and 35% order growth |
| ETN Eaton Corporation plc | FY2026 Q3 · Calendar Q4 2026 | +4.0% | +7.0% | Eaton raises 2026 outlook as electrical demand and backlog strengthen |
| TRI Thomson Reuters Corporation | FY2026 Q3 · Calendar Q4 2026 | -9.0% | -9.9% | Thomson Reuters lifts 2026 outlook as AI products expand |
| RRX Regal Rexnord Corporation | FY2026 Q3 · Calendar Q4 2026 | +41.1% | +11.8% | Regal Rexnord Raises 2026 Outlook as Plant Execution Remains a Risk |
Latest beats and misses
Who reports nextBeat on EPS
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
- SWKSFY2026 Q4 · November 3, 2026+0.8% EPS-6.9% move
Missed on EPS
- TXFY2026 Q3 · November 3, 2026-24.9% EPS-0.0% move
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
- APOSFY2026 Q3 · November 3, 2026-5.5% EPS-0.5% move
Get the ULS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T14:20:49.859615+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T14:20:49.856830+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.