# UL Solutions Inc.

Summary updated: 2026-10-02T12:45:49.944774Z
Canonical: https://finbar.com/research/companies/ul-solutions-inc

## Overview

UL Solutions Inc. is a global safety-science company operating in the testing, inspection and certification sector. It provides testing, certification and related services that help customers assess product safety, performance and compliance, alongside software and advisory solutions. Its work spans industrial and consumer products and markets including electronics, medical devices, appliances, IT, HVAC, lighting and emerging technologies. The company describes its purpose as working for “a safer world” and aims to be a trusted, science-based partner in safety, security and sustainability. [1](https://app.finbar.com/go?id=P39585576)[2](https://app.finbar.com/go?id=P63364615)[3](https://app.finbar.com/go?id=P22318649)[4](https://app.finbar.com/go?id=P52326908)

The company traces its heritage to 1894. In 2025, it served more than 80,000 customers in over 110 countries and reported annual revenue of $3.053 billion. An official company release in December 2024 cited a global workforce of 15,000 employees. [1](https://app.finbar.com/go?id=P39585576)[5](https://app.finbar.com/go?id=P81738419)[6](https://app.finbar.com/go?id=T8282397)[7](https://www.ul.com/news/ul-solutions-wins-pr-daily-award-ipo-communications-excellence)
[1](https://app.finbar.com/go?id=P39585576)[2](https://app.finbar.com/go?id=P63364615)[3](https://app.finbar.com/go?id=P22318649)[4](https://app.finbar.com/go?id=P52326908)[5](https://app.finbar.com/go?id=P81738419)[6](https://app.finbar.com/go?id=T8282397)[8](https://www.ul.com/news/ul-solutions-wins-pr-ipo-communications-excellence)

## Products & services

UL Solutions’ offerings are primarily testing, inspection and certification services rather than manufactured products. Its work includes product safety testing and certification, ongoing certification services, non-certification testing, and support for global market access. Technical capabilities include electromagnetic compatibility (EMC), interoperability and energy-efficiency testing, as well as assessment of products, personnel, facilities, processes and systems against applicable requirements. [9](https://app.finbar.com/go?id=P66077723) [10](https://www.ul.com/services/testing) [11](https://www.ul.com/services/certification) [12](https://www.ul.com/services/testing/emc-testing) [13](https://www.ul.com/services/testing/interoperability-testing) [14](https://www.ul.com/services/energy-efficiency-testing-and-certification) [15](https://www.ul.com/market-access)

Its Consumer services include safety certification, market-access support, connectivity, performance and quality testing for areas such as consumer electronics, medical devices, IT, appliances, HVAC, lighting and retail goods. Industrial services cover testing, certification and related advisory for energy, industrial automation, engineered materials and the built environment. Advisory work addresses product development, regulatory and compliance risk, security and sustainability; sustainability services include work on circularity, product decarbonization, chemical impacts and responsible sourcing. [16](https://app.finbar.com/go?id=P23775370) [17](https://app.finbar.com/go?id=P31931450) [18](https://www.ul.com/services/advisory) [19](https://www.ul.com/services/sustainability-and-environment)

The company also offers Risk & Compliance Software, including ULTRUS®, WERCS Studio, ChemADVISOR, Navigator and Illuminator. These software, data and insight offerings support product compliance and stewardship, chemical and regulatory management, supply-chain risk, compliance training and enterprise sustainability. [20](https://app.finbar.com/go?id=P146052287) [21](https://www.ul.com/software/ultrus) [22](https://www.ul.com/software/software-products) [23](https://www.ul.com/services/regulation-monitoring-and-compliance-management)

In FY2025, reported segment revenue was $1.341 billion from Industrial, $1.319 billion from Consumer and $393 million from Software & Advisory—approximately 44%, 43% and 13% of total revenue, respectively. These are segment figures, not percentages for individual products or service types; the company does not separately report revenue shares for testing, certification or specific software offerings. [24](https://app.finbar.com/go?id=T1010216) [17](https://app.finbar.com/go?id=P31931450) [16](https://app.finbar.com/go?id=P23775370)
[9](https://app.finbar.com/go?id=P66077723)[10](https://www.ul.com/services/testing)[11](https://www.ul.com/services/certification)[12](https://www.ul.com/services/testing/emc-testing)[13](https://www.ul.com/services/testing/interoperability-testing)[14](https://www.ul.com/services/energy-efficiency-testing-and-certification)[15](https://www.ul.com/market-access)[16](https://app.finbar.com/go?id=P23775370)[17](https://app.finbar.com/go?id=P31931450)[18](https://www.ul.com/services/advisory)[19](https://www.ul.com/services/sustainability-and-environment)[20](https://app.finbar.com/go?id=P146052287)[21](https://www.ul.com/software/ultrus)[22](https://www.ul.com/software/software-products)[23](https://www.ul.com/services/regulation-monitoring-and-compliance-management)[24](https://app.finbar.com/go?id=T1010216)[10](https://www.ul.com/services/testing)[11](https://www.ul.com/services/certification)[12](https://www.ul.com/services/testing/emc-testing)[13](https://www.ul.com/services/testing/interoperability-testing)[14](https://www.ul.com/services/energy-efficiency-testing-and-certification)[15](https://www.ul.com/market-access)[18](https://www.ul.com/services/advisory)[19](https://www.ul.com/services/sustainability-and-environment)[21](https://www.ul.com/software/ultrus)[22](https://www.ul.com/software/software-products)[23](https://www.ul.com/services/regulation-monitoring-and-compliance-management)

## Geographic presence

In 2025, UL Solutions generated $3.053 billion in revenue, of which 59.0% came from customers outside the United States. Its FY2025 geographic revenue disclosure reported $1.253 billion from the United States (41.0% of total), $761 million from China (24.9%), $398 million from Asia Pacific excluding China (13.0%), $529 million from Europe, the Middle East and Africa (17.3%), and $112 million from other Americas (3.7%). Percentages are calculated from reported revenue and rounded. [25](https://app.finbar.com/go?id=T10575927)[5](https://app.finbar.com/go?id=P81738419)

At December 31, 2025, the company had 87 laboratory sites in 27 countries: 36 in Asia, 31 in the Americas, and 20 in Europe, the Middle East and Africa. The labs covered more than 5 million square feet and employed approximately 3,400 people; the filing does not provide a geographic breakdown of the company’s total workforce. [26](https://app.finbar.com/go?id=P16093302)

The company identifies significant operations in Greater China—including mainland China, Hong Kong and Taiwan—as well as Japan, Germany, South Korea, Italy and Canada. It also reports opening laboratories since 2022 in Mexico, South Korea, Vietnam and Taiwan. [27](https://app.finbar.com/go?id=P102662161)
[25](https://app.finbar.com/go?id=T10575927)[5](https://app.finbar.com/go?id=P81738419)[26](https://app.finbar.com/go?id=P16093302)[27](https://app.finbar.com/go?id=P102662161)

## Business segments

Beginning in Q1 2026, UL Solutions moved Advisory into Industrial and renamed Software and Advisory as Risk & Compliance Software; the company recast prior-period segment results to reflect the change. For the six months ended June 30, 2026, Industrial generated $777 million, or approximately 49% of segment revenue; Consumer generated $680 million, or 43%; and Risk & Compliance Software generated $117 million, or 7%. The denominator is total segment revenue of $1.574 billion. [28](https://app.finbar.com/go?id=P146052036)[29](https://app.finbar.com/go?id=P146052142)

Industrial provides testing, inspection, certification and advisory services for industrial products, with a focus on energy, industrial automation, engineered materials and the built environment. Consumer provides product-market acceptance and risk-mitigation services, including safety testing and certification, market access, connectivity, performance and quality testing, and advisory and training. Risk & Compliance Software provides software, data and related solutions addressing regulatory requirements, supply-chain transparency and sustainability. [30](https://app.finbar.com/go?id=P146052255)[31](https://app.finbar.com/go?id=P146052271)[2](https://app.finbar.com/go?id=P63364615)

For comparison, under the prior segment structure, full-year 2025 revenue was $1.341 billion for Industrial (about 44% of total), $1.319 billion for Consumer (43%), and $393 million for Software and Advisory (13%), out of $3.053 billion. [32](https://app.finbar.com/go?id=P108083601)[17](https://app.finbar.com/go?id=P31931450)[16](https://app.finbar.com/go?id=P23775370)
[28](https://app.finbar.com/go?id=P146052036)[29](https://app.finbar.com/go?id=P146052142)[30](https://app.finbar.com/go?id=P146052255)[31](https://app.finbar.com/go?id=P146052271)[2](https://app.finbar.com/go?id=P63364615)[32](https://app.finbar.com/go?id=P108083601)[17](https://app.finbar.com/go?id=P31931450)[16](https://app.finbar.com/go?id=P23775370)

## Company history

UL Solutions traces its origins to electrical engineer William Henry Merrill Jr., who inspected electrical equipment at Chicago’s 1893 World’s Columbian Exposition. He founded the Underwriters Electrical Bureau in 1894, and the organization incorporated in Illinois as Underwriters Laboratories in 1901. [33](https://www.ul.com/about/history) It opened its first international office in London in 1916 and expanded into Canada in 1920. [34](https://code-authorities.ul.com/wp-content/uploads/2014/08/UL_CSR_Brochure_v33_spreads.11.pdf)

The organization expanded its international testing work from the 1950s onward, including activity in Europe, China and Japan. [35](https://au-nz.ul.com/about/history)[36](https://en.cdf.org.cn/cdf2019en/jgjs/6971.htm)[37](https://www.jetro.go.jp/en/invest/investment_environment/success_stories/ul.html) In 2012, its commercial testing, inspection and certification operations were transferred to UL Inc., distinct from the nonprofit research and standards activities. [38](https://www.sec.gov/Archives/edgar/data/1901440/000162828024039106/uls-20240903.htm) The operating company became UL Solutions Inc. in 2022, as the broader UL enterprise established separate identities for its commercial, research and standards organizations. [38](https://www.sec.gov/Archives/edgar/data/1901440/000162828024039106/uls-20240903.htm)[39](https://denmark.ul.com/news/ul-enterprise-launches-new-brands/)

Under CEO Jennifer Scanlon, who took office in September 2019, UL Solutions added capabilities through acquisitions including Method Park in 2021 and KBW and Cimteq in 2022. [40](https://www.ul.com/news/ul-and-underwriters-laboratories-announce-leadership-succession)[41](https://www.ul.com/news/ul-acquires-method-park)[42](https://www.ul.com/news/ul-acquires-kbw-corporation)[43](https://www.ul.com/news/ul-solutions-acquires-cimteq-limited) In April 2024, it completed an initial public offering and began trading on the New York Stock Exchange under the symbol ULS. [44](https://www.ul.com/news/ul-solutions-announces-launch-initial-public-offering)[45](https://ir.ul.com/news/news-details/2024/UL-Solutions-Announces-Pricing-of-Upsized-Initial-Public-Offering/default.aspx) In April 2026, it announced an agreement to acquire Eurofins Scientific’s electrical-and-electronics business. [46](https://ir.ul.com/news/news-details/2026/UL-Solutions-Inc--Broadens-Portfolio-with-Agreement-to-Acquire-Eurofins-Scientifics-Electrical--Electronics-Business/default.aspx)

## Sources

1. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39585576)
2. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P63364615)
3. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P22318649)
4. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P52326908)
5. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81738419)
6. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T8282397)
7. [www.ul.com](https://www.ul.com/news/ul-solutions-wins-pr-daily-award-ipo-communications-excellence)
8. [www.ul.com](https://www.ul.com/news/ul-solutions-wins-pr-ipo-communications-excellence)
9. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P66077723)
10. [www.ul.com](https://www.ul.com/services/testing)
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16. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P23775370)
17. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P31931450)
18. [www.ul.com](https://www.ul.com/services/advisory)
19. [www.ul.com](https://www.ul.com/services/sustainability-and-environment)
20. [UL Solutions Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146052287)
21. [www.ul.com](https://www.ul.com/software/ultrus)
22. [www.ul.com](https://www.ul.com/software/software-products)
23. [www.ul.com](https://www.ul.com/services/regulation-monitoring-and-compliance-management)
24. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T1010216)
25. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=T10575927)
26. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P16093302)
27. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102662161)
28. [UL Solutions Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146052036)
29. [UL Solutions Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146052142)
30. [UL Solutions Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146052255)
31. [UL Solutions Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P146052271)
32. [UL Solutions Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P108083601)
33. [www.ul.com](https://www.ul.com/about/history)
34. [code-authorities.ul.com](https://code-authorities.ul.com/wp-content/uploads/2014/08/UL_CSR_Brochure_v33_spreads.11.pdf)
35. [au-nz.ul.com](https://au-nz.ul.com/about/history)
36. [en.cdf.org.cn](https://en.cdf.org.cn/cdf2019en/jgjs/6971.htm)
37. [www.jetro.go.jp](https://www.jetro.go.jp/en/invest/investment_environment/success_stories/ul.html)
38. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1901440/000162828024039106/uls-20240903.htm)
39. [denmark.ul.com](https://denmark.ul.com/news/ul-enterprise-launches-new-brands/)
40. [www.ul.com](https://www.ul.com/news/ul-and-underwriters-laboratories-announce-leadership-succession)
41. [www.ul.com](https://www.ul.com/news/ul-acquires-method-park)
42. [www.ul.com](https://www.ul.com/news/ul-acquires-kbw-corporation)
43. [www.ul.com](https://www.ul.com/news/ul-solutions-acquires-cimteq-limited)
44. [www.ul.com](https://www.ul.com/news/ul-solutions-announces-launch-initial-public-offering)
45. [ir.ul.com](https://ir.ul.com/news/news-details/2024/UL-Solutions-Announces-Pricing-of-Upsized-Initial-Public-Offering/default.aspx)
46. [ir.ul.com](https://ir.ul.com/news/news-details/2026/UL-Solutions-Inc--Broadens-Portfolio-with-Agreement-to-Acquire-Eurofins-Scientifics-Electrical--Electronics-Business/default.aspx)

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