ULS Gross Profit vs Net Income Analysis
| ULS Stock | 54.04 0.92 1.73% |
UL Solutions financial indicator trend analysis is much more than just breaking down UL Solutions prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether UL Solutions is a good investment. Please check the relationship between UL Solutions Gross Profit and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UL Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.
Gross Profit vs Net Income
Gross Profit vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of UL Solutions Gross Profit account and Net Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between UL Solutions' Gross Profit and Net Income is 0.79. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Net Income in the same time period over historical financial statements of UL Solutions, assuming nothing else is changed. The correlation between historical values of UL Solutions' Gross Profit and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of UL Solutions are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Gross Profit i.e., UL Solutions' Gross Profit and Net Income go up and down completely randomly.
Correlation Coefficient | 0.79 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Gross Profit
Gross profit is a required income statement account that reflects total revenue of UL Solutions minus its cost of goods sold. It is profit before UL Solutions operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in UL Solutions financial statement analysis. It represents the amount of money remaining after all of UL Solutions operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from UL Solutions' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into UL Solutions current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in UL Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy ULS Stock please use our How to Invest in UL Solutions guide.At this time, UL Solutions' Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.01 in 2024, whereas Tax Provision is likely to drop slightly above 66 M in 2024.
| 2022 | 2023 | 2024 (projected) | Interest Expense | 17M | 35M | 36.8M | Depreciation And Amortization | 135M | 154M | 159.0M |
UL Solutions fundamental ratios Correlations
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UL Solutions Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Thematic Opportunities
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Additional Tools for ULS Stock Analysis
When running UL Solutions' price analysis, check to measure UL Solutions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UL Solutions is operating at the current time. Most of UL Solutions' value examination focuses on studying past and present price action to predict the probability of UL Solutions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UL Solutions' price. Additionally, you may evaluate how the addition of UL Solutions to your portfolios can decrease your overall portfolio volatility.