UL Solutions
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. UL Solutions's past years’ income statements indicate that its last revenue has increased compared to the previous period by 6% to $2,678,000,000. Profit margin reached 10%. Total operating expenses were $912,000,000.
Profit Margin
| 2020 | 2.30B | 231M | 10.04% |
|---|---|---|---|
| 2021 | 2.51B | 224M | 8.9% |
| 2022 | 2.52B | 293M | 11.63% |
| 2023 | 2.67B | 260M | 9.71% |
ULS Income Statement (2020 – 2023)
| 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|
Revenue | ||||
Revenue | 2.67B | 2.52B | 2.51B | 2.30B |
Cost of revenue | 1.39B | 1.31B | 1.33B | 1.27B |
Gross profit | 1.28B | 1.20B | 1.17B | 1.03B |
Operating exp. | ||||
Research and development | 51M | 0 | 0 | 0 |
Selling and marketing | 875M | 795M | 892M | 0 |
Total operating expenses | 912M | 795M | 892M | 668M |
Operating income | 368M | 412M | 287M | 363M |
Other income (expenses), net | -22M | -29M | -13M | -30M |
Income before tax | 346M | 383M | 274M | 333M |
Income tax expense | 70M | 74M | 36M | 90M |
Net income | 260M | 293M | 224M | 231M |
Earnings per share | ||||
Basic EPS | 1.3 | 1.47 | 1.12 | 1.16 |
Diluted EPS | 1.3 | 1.47 | 1.12 | 1.16 |