UL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $59.70
P/E 15.1
EPS $4.32
Revenue $50.50B
ROE 53.3%
52W Range $55–$75

UL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
range
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Stock splits 4
Ex-date Split Type
Dec. 9, 2025 1-for-1 Reverse
May 25, 2006 9-for-5 Forward
Oct. 21, 1997 4-for-1 Forward
July 14, 1987 5-for-1 Forward

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$50.50B
2017-12-31 → 2025-12-31
EPS$4.32
2017-12-31 → 2025-12-31
Free Cash Flow$6.93B
2017-12-31 → 2025-12-31
Net margin18.8%
2017-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend UL 5Y avg Peer Median Verdict
P/E 15.15Y avg ≈20.8 ≈20.8 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Annualized Payout≈$2.12Paid quarterly
5Y Div CAGR≈2.5%Per share, split-adjusted
Growth Streak≈3Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Aug 7, 2026$0.53USD≈3.5%
May 15, 2026$0.55USD≈4.1%
Feb 27, 2026$0.56USD≈3.1%
Nov 7, 2025$0.59USD≈3.3%
Aug 15, 2025$0.59USD≈3.3%
May 16, 2025$0.59USD≈3.1%
Feb 28, 2025$0.53USD≈3.3%
Nov 8, 2024$0.54USD≈3.2%
Aug 9, 2024$0.54USD≈3.1%
May 16, 2024$0.51USD≈3.4%
Feb 22, 2024$0.52USD≈3.7%
Nov 16, 2023$0.51USD≈3.9%
Aug 3, 2023$0.53USD≈3.5%
May 18, 2023$0.53USD≈3.4%
Feb 23, 2023$0.51USD≈3.5%
Nov 17, 2022$0.47USD≈3.7%
Aug 4, 2022$0.49USD≈3.9%
May 19, 2022$0.51USD≈4.5%
Feb 24, 2022$0.55USD≈4.1%
Nov 4, 2021$0.56USD≈3.8%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -2.5%
PeriodReportEPS ActualEPS EstSurprise
Dec. 31, 2010 $0.34 $0.33 2.2%
Sept. 30, 2010 $0.50 $0.48 4.0%
June 30, 2010 $0.43 $0.45 -4.3%
Dec. 31, 2009 $0.32 $0.35 -7.2%
March 31, 2009 $0.32 $0.35 -7.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

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Income Statement 16
Metric Trend 2025202420232022202120202019201820172016
Revenue $50.50B$52.48B$51.68B$60.07B$52.44B$50.72B$51.98B$50.98B$53.72B$52.71B
Cost of Revenue $26.79B$27.98B$29.18B$35.91B$30.26B$28.68B$29.10B$28.70B$30.48B$30.23B
Gross Profit $23.71B$24.50B$22.50B$24.17B$22.18B$22.04B$22.88B$22.28B$23.23B$22.48B
R&D Expense $836M$892M$853M$908M$847M$800M····
SG&A Expense $13.62B$14.30B$13.42B$14.48B$12.55B$12.67B$12.93B$12.82B$13.73B$14.68B
Operating Income $9.04B$8.83B$9.00B$10.76B$8.70B$8.30B$8.71B$12.64B$8.96B$7.80B
Interest Expense $1.02B$994M$922M$818M$491M$728M$821M$718M$683M$584M
Interest Income $398M$391M$393M$281M$147M$232M$224M$135M$157M$115M
Pretax Income $8.69B$8.37B$8.63B$10.34B$8.56B$8.00B$8.29B$12.36B$8.13B$7.47B
Income Tax $2.48B$2.33B$1.99B$2.07B$1.94B$1.92B$2.26B$2.57B$1.67B$1.92B
Net Income $9.47B$5.74B$6.49B$7.64B$6.05B$5.58B$5.62B$9.37B$6.02B$5.18B
EPS (Basic) $4.33$2.59$2.90$3.00$2.33$2.13$2.15$3.49$2.15$1.83
EPS (Diluted) $4.32$2.58$2.89$2.99$2.32$2.12$2.14$3.48$2.14$1.82
Shares (Basic) 2,184,000,0002,215,600,0002,236,400,0002,548,200,0002,599,900,0002,620,300,0002,616,500,0002,683,300,0002,801,600,0002,840,200,000
Shares (Diluted) 2,195,300,0002,228,500,0002,251,000,0002,559,800,0002,609,600,0002,629,800,0002,626,700,0002,694,800,0002,814,000,0002,853,900,000
EBITDA $10.35B$11.02B$11.34B$12.48B$10.45B$10.32B$10.67B$14.07B$10.39B·
Balance Sheet 13
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $2.49B$3.24B$2.86B$2.55B$2.50B$2.76B$2.46B$2.17B$1.90B$1.78B
Receivables $7.35B$6.01B$5.78B$7.06B$5.42B$4.94B$6.70B$6.48B$5.22B$5.10B
Inventory $4.04B$5.18B$5.12B$5.93B$4.68B$4.46B$4.16B$4.30B$3.96B$4.28B
Current Assets $17.07B$19.19B$17.90B$19.16B$17.40B$16.16B$16.43B$15.48B$16.98B$13.88B
PP&E (Net) $7.83B$10.26B$9.38B$9.42B$10.35B$10.56B$12.06B$12.09B$10.41B$11.67B
Goodwill $17.71B$22.31B$21.11B$21.61B$20.33B$18.94B$18.07B$17.34B$16.88B$17.62B
Intangibles $17.05B$18.59B$18.36B$18.88B$18.26B$16.00B$12.96B$12.15B$11.52B$9.81B
Total Assets $70.47B$79.75B$75.27B$77.82B$75.09B$67.66B$64.81B$61.11B$60.28B$56.43B
Accounts Payable $16.94B$16.69B$16.86B$18.02B$14.86B$14.13B$14.77B$14.46B$13.43B$13.87B
Current Liabilities $21.66B$25.23B$23.51B$25.43B$24.78B$20.59B$20.98B$20.15B$23.18B$20.56B
Total Liabilities $52.88B$57.20B$54.50B$56.12B$55.35B$50.00B$50.92B$48.99B$45.90B$39.45B
Retained Earnings ······$18.21B$26.02B$26.65B$23.18B
Stockholders' Equity $15.53B$19.99B$18.10B$19.02B$17.11B$15.27B$13.19B$11.40B$13.63B$16.35B
Cash Flow 8
Metric Trend 2025202420232022202120202019201820172016
D&A $1.31B$1.24B$1.15B$1.73B$1.75B$2.02B$1.96B$2.01B$2.02B$1.46B
Other Non-cash $-2.43B$2.15B$1.36B$-2.08B$177M$1.46B$520M$-4.17B$-299M·
Operating Cash Flow $8.35B$9.52B$9.43B$7.28B$7.97B$9.06B$8.11B$7.32B$7.88B$7.05B
CapEx $1.42B$1.38B$1.19B$1.46B$1.11B$863M$1.32B$1.33B$1.51B$1.80B
Investing Cash Flow $-3.12B$-625M$-2.29B$2.45B$-3.25B$-1.48B$-2.24B$4.64B$-5.88B$-3.19B
Financing Cash Flow $-6.81B$-6.94B$-7.19B$-8.89B$-7.10B$-5.80B$-4.67B$-12.11B$-2.02B$-3.07B
Free Cash Flow $6.93B$7.78B$7.92B$5.83B$6.86B$8.20B$6.79B$5.42B$5.78B·
Levered FCF $6.20B$6.98B$7.13B$5.17B$6.48B$7.29B$6.20B$4.96B$5.34B·
Profitability 8
Metric Trend 2025202420232022202120202019201820172016
Gross Margin 46.9%45.1%42.2%40.2%42.3%43.5%44.0%43.6%43.1%·
Operating Margin 17.9%15.5%16.4%17.9%16.6%16.4%16.8%24.6%16.5%·
Net Margin 18.8%9.4%10.9%12.7%11.5%11.0%10.8%18.4%11.3%·
Pretax Margin 17.2%14.6%15.7%17.2%16.3%15.8%16.0%24.3%15.2%·
EBITDA Margin 20.5%18.1%19.0%20.8%19.9%20.3%20.5%27.6%19.4%·
ROA 12.6%7.4%8.5%10.0%8.5%8.4%8.9%15.4%10.4%·
ROE 53.3%30.2%34.9%42.3%37.4%39.2%45.8%75.1%40.4%·
ROIC 41.6%33.8%41.2%45.2%39.4%41.3%48.0%85.8%51.7%·
Liquidity & Solvency 3
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 0.80.80.80.80.70.80.80.80.7·
Quick Ratio 0.50.40.40.40.30.40.40.40.3·
Interest Coverage 8.88.49.413.117.77.010.621.215.9·
Efficiency 3
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 0.70.80.80.80.70.80.80.80.9·
Inventory Turnover 5.86.56.26.86.66.76.97.07.4·
Receivables Turnover 7.610.39.39.610.18.77.98.710.4·
Per Share 3
Metric Trend 2025202420232022202120202019201820172016
Revenue / Share $23.01$24.24$23.54$23.47$20.10$19.29$19.79$18.92$19.09·
Cash Flow / Share $3.80$3.80$3.72$2.84$3.05$3.44$3.09$2.51$2.59·
EPS (TTM) $4.32$2.58$2.89$2.99$2.32$2.12$2.14$3.48$2.14·
Valuation (TTM) 4
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $50.50B$52.48B$51.68B$60.07B$52.44B$50.72B$51.98B$50.98B$53.72B·
Net Income TTM $9.47B$5.74B$6.49B$7.64B$6.05B$5.58B$5.62B$9.37B$6.02B·
P/E 15.124.718.919.026.132.130.116.929.1·
Earnings Yield 6.6%4.0%5.3%5.3%3.8%3.1%3.3%5.9%3.4%·

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

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Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $50.50B $52.48B $51.68B $60.07B $52.44B
Gross Margin % 46.9% 45.1% 42.2% 40.2% 42.3%
Operating Margin % 17.9% 15.5% 16.4% 17.9% 16.6%
Net Income $9.47B $5.74B $6.49B $7.64B $6.05B
Diluted EPS $4.32 $2.58 $2.89 $2.99 $2.32

Institutional owners (13F) 1,223 filers · $15.0B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 1,223
Value held $15.0B
New positions 120
Exited positions 83
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
120 (-70 vs prior Q) 83 (-18 vs prior Q) 456 (+31 vs prior Q) 437 (+75 vs prior Q) +18.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
WELLINGTON MANAGEMENT GROUP LLP $2,108,011,067 35,063,391 14.10% Shares
Fisher Asset Management, LLC $1,484,571,644 24,693,472 9.93% Shares
MORGAN STANLEY $581,082,661 9,665,376 3.89% Shares
FMR LLC $541,441,364 9,006,011 3.62% Shares
GQG Partners LLC $521,467,466 8,673,777 3.49% Shares
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO $371,185,750 6,174,081 2.48% Shares
BANK OF AMERICA CORP /DE/ $320,550,902 5,331,851 2.14% Shares
DIMENSIONAL FUND ADVISORS LP $289,061,246 4,808,071 1.93% Shares
ENVESTNET ASSET MANAGEMENT INC $253,929,205 4,223,732 1.70% Shares
Clearbridge Investments, LLC $248,646,027 4,135,829 1.66% Shares
GOLDMAN SACHS GROUP INC $247,518,191 4,117,069 1.66% Shares
WELLS FARGO & COMPANY/MN $245,337,573 4,080,798 1.64% Shares
JPMORGAN CHASE & CO $243,920,224 3,985,623 1.63% Shares
RAYMOND JAMES FINANCIAL INC $240,157,328 3,994,633 1.61% Shares
D. E. Shaw & Co., Inc. $226,214,846 3,762,722 1.51% Shares
ROYAL BANK OF CANADA $197,376,000 3,283,022 1.32% Shares
LAZARD ASSET MANAGEMENT LLC $182,753,394 3,039,810 1.22% Shares
Connor, Clark & Lunn Investment Management Ltd. $165,443,026 2,751,880 1.11% Shares
Cullen Capital Management, LLC $165,051,047 2,745,360 1.10% Shares
Hamlin Capital Management, LLC $163,689,987 2,722,721 1.09% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $154,258,301 2,565,840 1.03% Shares
BARROW HANLEY MEWHINNEY & STRAUSS LLC $151,488,753 2,519,773 1.01% Shares
AMERICAN CENTURY COMPANIES INC $140,465,691 2,336,422 0.94% Shares
BlackRock, Inc. $137,879,545 2,293,405 0.92% Shares
CITADEL ADVISORS LLC $128,538,724 2,138,036 0.86% Shares
JANE STREET GROUP, LLC $126,461,218 2,103,480 0.85% Shares
EQUITY INVESTMENT CORP $120,056,753 1,996,952 0.80% Shares
Saratoga Research & Investment Management $119,424,172 1,986,430 0.80% Shares
NORTHERN TRUST CORP $111,237,210 1,850,253 0.74% Shares
FIDUCIARY MANAGEMENT INC /WI/ $107,413,057 1,786,644 0.72% Shares
LPL Financial LLC $102,955,761 1,712,505 0.69% Shares
FEDERATED HERMES, INC. $98,759,184 1,642,701 0.66% Shares
TWO SIGMA INVESTMENTS, LP $95,722,162 1,592,185 0.64% Shares
NORGES BANK $95,175,852 1,583,098 0.64% Shares
Munich Reinsurance Co Stock Corp in Munich $92,048,770 1,531,084 0.62% Shares
CAPTRUST FINANCIAL ADVISORS $90,750,602 1,509,491 0.61% Shares
Allspring Global Investments Holdings, LLC $87,580,766 1,438,344 0.59% Shares
EVERETT HARRIS & CO /CA/ $85,294,829 1,418,743 0.57% Shares
JONES FINANCIAL COMPANIES LLLP $74,538,385 1,231,031 0.50% Shares
COOKE & BIELER LP $74,019,082 1,231,189 0.49% Shares
JANE STREET GROUP, LLC $71,719,553 1,192,940 0.48% Call option
RENAISSANCE TECHNOLOGIES LLC $70,180,240 1,167,336 0.47% Shares
Qube Research & Technologies Ltd $63,887,179 1,062,661 0.43% Shares
SATURNA CAPITAL CORP $63,070,920 1,048,865 0.42% Shares
AMERIPRISE FINANCIAL INC $62,127,856 1,033,720 0.42% Shares
Bank of New York Mellon Corp $56,736,419 943,718 0.38% Shares
UBS Group AG $55,757,092 927,430 0.37% Shares
Lansforsakringar Fondforvaltning AB (publ) $51,329,279 854,189 0.34% Shares
First Eagle Investment Management, LLC $50,651,521 842,507 0.34% Shares
STIFEL FINANCIAL CORP $48,851,415 812,563 0.33% Shares

Show all 1,223 institutional owners →

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
The Leverhulme Trust, The Leverhulme Trade Charities Trust ×2 filings Dec. 14, 2018 · Initial filing Passive investment SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 12 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ASLV · ALLSPRING EXCHANGE-TRADED FUNDS TRU… 2.94% 101,350 NS July 31, 2026 N-PORT
KEAT · EA Series Trust 2.31% 43,477 NS July 31, 2026 N-PORT
IDVZ · Elevation Series Trust 1.71% 53,200.00 NS July 31, 2026 N-PORT
YOKE · EA Series Trust 1.67% 61,531 NS July 31, 2026 N-PORT
DIHP · Dimensional ETF Trust 0.99% 997,229 NS July 31, 2026 N-PORT
SPWO · SP Funds Trust 0.69% 21,833 NS July 31, 2026 N-PORT
DFSI · Dimensional ETF Trust 0.54% 97,237 NS July 31, 2026 N-PORT
FBCV · FIDELITY COVINGTON TRUST 0.50% 13,921 NS July 31, 2026 N-PORT
FFLV · FIDELITY COVINGTON TRUST 0.22% 567 NS July 31, 2026 N-PORT
DXIV · Dimensional ETF Trust 0.20% 6,505 NS July 31, 2026 N-PORT
DFIC · Dimensional ETF Trust 0.17% 389,305 NS July 31, 2026 N-PORT
DFAX · Dimensional ETF Trust 0.10% 198,109 NS July 31, 2026 N-PORT

UL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 23 analysts BUY
Median target $72.35 +21.2%
4 17.4% Strong Buy
9 39.1% Buy
8 34.8% Hold
1 4.3% Sell
1 4.3% Strong Sell

12-Month Price Target

4 analysts · 2026-09-29

Mean target $72.40 +21.3%

← Below all targets Current price $59.70
Low$68.74 Mean$72.40 High$76.17

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
UL · 15.1 · 18.8% 53.3% 46.9%
WALD · -0.9 · -84.4% -40.9% 67.3%

Latest News Recent headlines mentioning this company

23

My Metrics Your personal watchlist — selected rows from Full Fundamentals

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Source: SEC 20-F filed Mar 12, 2026