vs
Side-by-side financial comparison of Ametek (AME) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Ametek is the larger business by last-quarter revenue ($2.0B vs $789.0M, roughly 2.5× UL Solutions Inc.). Ametek runs the higher net margin — 19.9% vs 8.5%, a 11.5% gap on every dollar of revenue. On growth, Ametek posted the faster year-over-year revenue change (13.4% vs 6.8%). Ametek produced more free cash flow last quarter ($527.3M vs $86.0M). Over the past eight quarters, UL Solutions Inc.'s revenue compounded faster (8.5% CAGR vs 7.3%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs ULS — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $789.0M |
| Net Profit | $398.6M | $67.0M |
| Gross Margin | 36.0% | 49.7% |
| Operating Margin | 25.3% | 15.0% |
| Net Margin | 19.9% | 8.5% |
| Revenue YoY | 13.4% | 6.8% |
| Net Profit YoY | 2.9% | -17.3% |
| EPS (diluted) | $1.73 | $0.33 |
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.
| Q4 25 | $2.0B | $789.0M | ||
| Q3 25 | $1.9B | $783.0M | ||
| Q2 25 | $1.8B | $776.0M | ||
| Q1 25 | $1.7B | $705.0M | ||
| Q4 24 | $1.8B | $739.0M | ||
| Q3 24 | $1.7B | $731.0M | ||
| Q2 24 | $1.7B | $730.0M | ||
| Q1 24 | $1.7B | $670.0M |
| Q4 25 | $398.6M | $67.0M | ||
| Q3 25 | $371.4M | $100.0M | ||
| Q2 25 | $358.4M | $91.0M | ||
| Q1 25 | $351.8M | $67.0M | ||
| Q4 24 | $387.3M | $81.0M | ||
| Q3 24 | $340.2M | $88.0M | ||
| Q2 24 | $337.7M | $101.0M | ||
| Q1 24 | $310.9M | $56.0M |
| Q4 25 | 36.0% | 49.7% | ||
| Q3 25 | 36.3% | 50.3% | ||
| Q2 25 | 35.8% | 49.4% | ||
| Q1 25 | 36.1% | 48.4% | ||
| Q4 24 | 36.6% | 47.4% | ||
| Q3 24 | 36.0% | 49.0% | ||
| Q2 24 | 36.0% | 50.1% | ||
| Q1 24 | 34.1% | 47.6% |
| Q4 25 | 25.3% | 15.0% | ||
| Q3 25 | 25.8% | 19.9% | ||
| Q2 25 | 26.0% | 17.9% | ||
| Q1 25 | 26.3% | 15.5% | ||
| Q4 24 | 26.6% | 15.6% | ||
| Q3 24 | 26.1% | 17.8% | ||
| Q2 24 | 25.8% | 17.3% | ||
| Q1 24 | 24.0% | 13.6% |
| Q4 25 | 19.9% | 8.5% | ||
| Q3 25 | 19.6% | 12.8% | ||
| Q2 25 | 20.2% | 11.7% | ||
| Q1 25 | 20.3% | 9.5% | ||
| Q4 24 | 22.0% | 11.0% | ||
| Q3 24 | 19.9% | 12.0% | ||
| Q2 24 | 19.5% | 13.8% | ||
| Q1 24 | 17.9% | 8.4% |
| Q4 25 | $1.73 | $0.33 | ||
| Q3 25 | $1.60 | $0.49 | ||
| Q2 25 | $1.55 | $0.45 | ||
| Q1 25 | $1.52 | $0.33 | ||
| Q4 24 | $1.67 | $0.40 | ||
| Q3 24 | $1.47 | $0.44 | ||
| Q2 24 | $1.45 | $0.50 | ||
| Q1 24 | $1.34 | $0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $458.0M | $295.0M |
| Total DebtLower is stronger | $2.3B | $491.0M |
| Stockholders' EquityBook value | $10.6B | $1.3B |
| Total Assets | $16.1B | $2.9B |
| Debt / EquityLower = less leverage | 0.21× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | $295.0M | ||
| Q3 25 | $439.2M | $255.0M | ||
| Q2 25 | $619.7M | $272.0M | ||
| Q1 25 | $399.0M | $267.0M | ||
| Q4 24 | $374.0M | $298.0M | ||
| Q3 24 | $396.3M | $327.0M | ||
| Q2 24 | $396.6M | $295.0M | ||
| Q1 24 | $373.8M | $344.0M |
| Q4 25 | $2.3B | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | $2.1B | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M | ||
| Q1 24 | — | $879.0M |
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $10.5B | $1.2B | ||
| Q2 25 | $10.4B | $1.1B | ||
| Q1 25 | $10.0B | $970.0M | ||
| Q4 24 | $9.7B | $904.0M | ||
| Q3 24 | $9.6B | $872.0M | ||
| Q2 24 | $9.3B | $769.0M | ||
| Q1 24 | $9.0B | $671.0M |
| Q4 25 | $16.1B | $2.9B | ||
| Q3 25 | $16.2B | $2.9B | ||
| Q2 25 | $15.3B | $2.9B | ||
| Q1 25 | $14.9B | $2.9B | ||
| Q4 24 | $14.6B | $2.8B | ||
| Q3 24 | $14.8B | $2.9B | ||
| Q2 24 | $14.8B | $2.7B | ||
| Q1 24 | $14.9B | $2.8B |
| Q4 25 | 0.21× | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | 0.22× | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.31× |
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 | $584.3M | $144.0M |
| Free Cash FlowOCF − Capex | $527.3M | $86.0M |
| FCF MarginFCF / Revenue | 26.4% | 10.9% |
| Capex IntensityCapex / Revenue | 2.9% | 7.4% |
| Cash ConversionOCF / Net Profit | 1.47× | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | $144.0M | ||
| Q3 25 | $440.9M | $155.0M | ||
| Q2 25 | $359.1M | $147.0M | ||
| Q1 25 | $417.5M | $154.0M | ||
| Q4 24 | $550.0M | $130.0M | ||
| Q3 24 | $487.2M | $150.0M | ||
| Q2 24 | $381.4M | $103.0M | ||
| Q1 24 | $410.2M | $141.0M |
| Q4 25 | $527.3M | $86.0M | ||
| Q3 25 | $420.0M | $109.0M | ||
| Q2 25 | $329.8M | $105.0M | ||
| Q1 25 | $394.5M | $103.0M | ||
| Q4 24 | $498.3M | $72.0M | ||
| Q3 24 | $460.9M | $84.0M | ||
| Q2 24 | $360.0M | $47.0M | ||
| Q1 24 | $382.6M | $84.0M |
| Q4 25 | 26.4% | 10.9% | ||
| Q3 25 | 22.2% | 13.9% | ||
| Q2 25 | 18.5% | 13.5% | ||
| Q1 25 | 22.8% | 14.6% | ||
| Q4 24 | 28.3% | 9.7% | ||
| Q3 24 | 27.0% | 11.5% | ||
| Q2 24 | 20.8% | 6.4% | ||
| Q1 24 | 22.0% | 12.5% |
| Q4 25 | 2.9% | 7.4% | ||
| Q3 25 | 1.1% | 5.9% | ||
| Q2 25 | 1.6% | 5.4% | ||
| Q1 25 | 1.3% | 7.2% | ||
| Q4 24 | 2.9% | 7.8% | ||
| Q3 24 | 1.5% | 9.0% | ||
| Q2 24 | 1.2% | 7.7% | ||
| Q1 24 | 1.6% | 8.5% |
| Q4 25 | 1.47× | 2.15× | ||
| Q3 25 | 1.19× | 1.55× | ||
| Q2 25 | 1.00× | 1.62× | ||
| Q1 25 | 1.19× | 2.30× | ||
| Q4 24 | 1.42× | 1.60× | ||
| Q3 24 | 1.43× | 1.70× | ||
| Q2 24 | 1.13× | 1.02× | ||
| Q1 24 | 1.32× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
