UL Solutions Reports Record 2025 Results

Earnings call highlights balanced demand, profitability gains, and strategic investments

Published on Feb. 27, 2026

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UL Solutions, a global safety science company, reported strong financial results for 2025, with revenue up 6.4% to nearly $3.1 billion and adjusted EBITDA margin expanding 300 basis points to 25.9%. The company highlighted balanced demand across segments and regions, continued progress in profitability, and strategic investments in new testing facilities and sustainability initiatives.

Why it matters

UL Solutions' performance demonstrates its resilience amid trade policy shifts and geopolitical uncertainty, as the company continues to benefit from megatrends like the energy transition, sustainability, and digitalization. The company's investments in new testing capabilities and sustainability certifications position it to support evolving industry needs.

The details

For the fourth quarter, UL Solutions reported revenue of $789 million, up 6.8% year-over-year, and adjusted EBITDA of $217 million, up 28.4%. The company recorded $37 million in pre-tax restructuring charges related to a previously announced plan. Adjusted net income rose to $114 million, and adjusted diluted EPS increased to $0.53. Profitability gains were partially offset by a higher effective tax rate.

  • UL Solutions closed out a 'record year' in 2025.
  • In the fourth quarter of 2025, the company reported revenue of $789 million and adjusted EBITDA of $217 million.

The players

UL Solutions

A global safety science company that provides testing, inspection, certification, advisory and digital solutions.

Jenny Scanlon

CEO of UL Solutions.

Brian Robinson

CFO of UL Solutions.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

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The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.