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Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
UL Solutions Inc. is the larger business by last-quarter revenue ($340.0M vs $321.2M, roughly 1.1× ALBANY INTERNATIONAL CORP). On growth, ALBANY INTERNATIONAL CORP posted the faster year-over-year revenue change (12.0% vs -12.4%). Over the past eight quarters, ALBANY INTERNATIONAL CORP's revenue compounded faster (1.2% CAGR vs -31.8%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
The UL enterprise is a global private safety company headquartered in Northbrook, Illinois, composed of three organizations, UL Research Institutes, UL Standards & Engagement and UL Solutions.
AIN vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $340.0M |
| Net Profit | $13.9M | — |
| Gross Margin | 31.1% | — |
| Operating Margin | 9.3% | 24.4% |
| Net Margin | 4.3% | — |
| Revenue YoY | 12.0% | -12.4% |
| Net Profit YoY | -21.5% | — |
| EPS (diluted) | $0.56 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $340.0M | ||
| Q4 25 | $321.2M | $789.0M | ||
| Q3 25 | $261.4M | $783.0M | ||
| Q2 25 | $311.4M | $776.0M | ||
| Q1 25 | $288.8M | $705.0M | ||
| Q4 24 | $286.9M | $739.0M | ||
| Q3 24 | $298.4M | $731.0M | ||
| Q2 24 | $332.0M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | $13.9M | $67.0M | ||
| Q3 25 | $-97.8M | $100.0M | ||
| Q2 25 | $9.2M | $91.0M | ||
| Q1 25 | $17.4M | $67.0M | ||
| Q4 24 | $17.7M | $81.0M | ||
| Q3 24 | $18.0M | $88.0M | ||
| Q2 24 | $24.6M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | 31.1% | 49.7% | ||
| Q3 25 | -19.1% | 50.3% | ||
| Q2 25 | 31.3% | 49.4% | ||
| Q1 25 | 33.4% | 48.4% | ||
| Q4 24 | 31.5% | 47.4% | ||
| Q3 24 | 30.3% | 49.0% | ||
| Q2 24 | 33.9% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 9.3% | 15.0% | ||
| Q3 25 | -44.6% | 19.9% | ||
| Q2 25 | 7.2% | 17.9% | ||
| Q1 25 | 9.8% | 15.5% | ||
| Q4 24 | 8.5% | 15.6% | ||
| Q3 24 | 8.4% | 17.8% | ||
| Q2 24 | 12.9% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | 8.5% | ||
| Q3 25 | -37.4% | 12.8% | ||
| Q2 25 | 2.9% | 11.7% | ||
| Q1 25 | 6.0% | 9.5% | ||
| Q4 24 | 6.2% | 11.0% | ||
| Q3 24 | 6.0% | 12.0% | ||
| Q2 24 | 7.4% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.56 | $0.33 | ||
| Q3 25 | $-3.37 | $0.49 | ||
| Q2 25 | $0.31 | $0.45 | ||
| Q1 25 | $0.56 | $0.33 | ||
| Q4 24 | $0.57 | $0.40 | ||
| Q3 24 | $0.57 | $0.44 | ||
| Q2 24 | $0.79 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.3M | — |
| Total DebtLower is stronger | $455.7M | — |
| Stockholders' EquityBook value | $726.2M | — |
| Total Assets | $1.7B | — |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.3M | $295.0M | ||
| Q3 25 | $108.3M | $255.0M | ||
| Q2 25 | $106.7M | $272.0M | ||
| Q1 25 | $119.4M | $267.0M | ||
| Q4 24 | $115.3M | $298.0M | ||
| Q3 24 | $127.2M | $327.0M | ||
| Q2 24 | $116.4M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | $455.7M | $491.0M | ||
| Q3 25 | $480.6M | $544.0M | ||
| Q2 25 | $444.7M | $608.0M | ||
| Q1 25 | $416.4M | $653.0M | ||
| Q4 24 | $318.5M | $742.0M | ||
| Q3 24 | $362.2M | $797.0M | ||
| Q2 24 | $377.1M | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | $726.2M | $1.3B | ||
| Q3 25 | $739.3M | $1.2B | ||
| Q2 25 | $888.6M | $1.1B | ||
| Q1 25 | $900.0M | $970.0M | ||
| Q4 24 | $943.5M | $904.0M | ||
| Q3 24 | $991.0M | $872.0M | ||
| Q2 24 | $967.5M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.9B | ||
| Q2 25 | $1.7B | $2.9B | ||
| Q1 25 | $1.7B | $2.9B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | $1.8B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | 0.39× | ||
| Q3 25 | 0.65× | 0.46× | ||
| Q2 25 | 0.50× | 0.56× | ||
| Q1 25 | 0.46× | 0.67× | ||
| Q4 24 | 0.34× | 0.82× | ||
| Q3 24 | 0.37× | 0.91× | ||
| Q2 24 | 0.39× | 1.05× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.7M | — |
| Free Cash FlowOCF − Capex | $51.4M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 5.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $73.7M | $144.0M | ||
| Q3 25 | $43.9M | $155.0M | ||
| Q2 25 | $32.7M | $147.0M | ||
| Q1 25 | $2.1M | $154.0M | ||
| Q4 24 | $78.5M | $130.0M | ||
| Q3 24 | $47.0M | $150.0M | ||
| Q2 24 | $83.4M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $51.4M | $86.0M | ||
| Q3 25 | $25.9M | $109.0M | ||
| Q2 25 | $18.8M | $105.0M | ||
| Q1 25 | $-13.5M | $103.0M | ||
| Q4 24 | $60.2M | $72.0M | ||
| Q3 24 | $31.6M | $84.0M | ||
| Q2 24 | $63.6M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 10.9% | ||
| Q3 25 | 9.9% | 13.9% | ||
| Q2 25 | 6.0% | 13.5% | ||
| Q1 25 | -4.7% | 14.6% | ||
| Q4 24 | 21.0% | 9.7% | ||
| Q3 24 | 10.6% | 11.5% | ||
| Q2 24 | 19.2% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 7.4% | ||
| Q3 25 | 6.9% | 5.9% | ||
| Q2 25 | 4.5% | 5.4% | ||
| Q1 25 | 5.4% | 7.2% | ||
| Q4 24 | 6.4% | 7.8% | ||
| Q3 24 | 5.2% | 9.0% | ||
| Q2 24 | 6.0% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.31× | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 3.56× | 1.62× | ||
| Q1 25 | 0.12× | 2.30× | ||
| Q4 24 | 4.44× | 1.60× | ||
| Q3 24 | 2.61× | 1.70× | ||
| Q2 24 | 3.39× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
ULS
Segment breakdown not available.
