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ULS (UL Solutions) Tax Rate % : 7.61% (As of Dec. 2024)


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What is UL Solutions Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. UL Solutions's Tax Expense for the three months ended in Dec. 2024 was $7 Mil. UL Solutions's Pre-Tax Income for the three months ended in Dec. 2024 was $92 Mil. Therefore, UL Solutions's Tax Rate % for the quarter that ended in Dec. 2024 was 7.61%.

UL Solutions Tax Rate % Historical Data

The historical data trend for UL Solutions's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UL Solutions Tax Rate % Chart

UL Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial 27.03 13.14 19.32 20.23 16.87

UL Solutions Quarterly Data
Dec19 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.52 17.81 20.90 18.97 7.61

UL Solutions Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

UL Solutions's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=70/415
=16.87 %

UL Solutions's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=7/92
=7.61 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

UL Solutions Tax Rate % Related Terms

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UL Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » UL Solutions Inc (NYSE:ULS) » Definitions » Tax Rate %
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Traded in Other Exchanges
72R:Germany
Address
333 Pfingsten Road, Northbrook, IL, USA, 60062
Website
https://www.ul.com
UL Solutions is a global leader specializing in a broad range of product testing, inspection, and certification services. UL Solutions is the for-profit branch out of three organizations under the UL Enterprise. TIC operations make up nearly all of UL Solutions' total revenue and are composed of two segments: industrial and consumer. UL Solutions' remaining business includes software and advisory, which complements its core TIC offerings. The firm operates globally.