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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($1.4B vs $758.0M, roughly 1.8× UL Solutions Inc.). UL Solutions Inc. runs the higher net margin — 12.8% vs 4.5%, a 8.3% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (100.0% vs 7.5%). Over the past eight quarters, AMN HEALTHCARE SERVICES INC's revenue compounded faster (36.4% CAGR vs 1.9%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
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.
AMN vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $758.0M |
| Net Profit | $62.2M | $97.0M |
| Gross Margin | 26.8% | 50.3% |
| Operating Margin | 8.5% | 18.2% |
| Net Margin | 4.5% | 12.8% |
| Revenue YoY | 100.0% | 7.5% |
| Net Profit YoY | — | 37.3% |
| EPS (diluted) | $1.59 | $0.45 |
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 | $1.4B | $758.0M | ||
| Q4 25 | $748.2M | $789.0M | ||
| Q3 25 | $634.5M | $783.0M | ||
| Q2 25 | $658.2M | $776.0M | ||
| Q1 25 | $689.5M | $705.0M | ||
| Q4 24 | $734.7M | $739.0M | ||
| Q3 24 | $687.5M | $731.0M | ||
| Q2 24 | $740.7M | $730.0M |
| Q1 26 | $62.2M | $97.0M | ||
| Q4 25 | $-7.7M | $67.0M | ||
| Q3 25 | $29.3M | $100.0M | ||
| Q2 25 | $-116.2M | $91.0M | ||
| Q1 25 | $-1.1M | $67.0M | ||
| Q4 24 | $-187.5M | $81.0M | ||
| Q3 24 | $7.0M | $88.0M | ||
| Q2 24 | $16.2M | $101.0M |
| Q1 26 | 26.8% | 50.3% | ||
| Q4 25 | 26.1% | 49.7% | ||
| Q3 25 | 29.1% | 50.3% | ||
| Q2 25 | 29.8% | 49.4% | ||
| Q1 25 | 28.7% | 48.4% | ||
| Q4 24 | 29.8% | 47.4% | ||
| Q3 24 | 31.0% | 49.0% | ||
| Q2 24 | 31.0% | 50.1% |
| Q1 26 | 8.5% | 18.2% | ||
| Q4 25 | 1.1% | 15.0% | ||
| Q3 25 | 7.5% | 19.9% | ||
| Q2 25 | -18.8% | 17.9% | ||
| Q1 25 | 1.8% | 15.5% | ||
| Q4 24 | -27.6% | 15.6% | ||
| Q3 24 | 3.2% | 17.8% | ||
| Q2 24 | 5.1% | 17.3% |
| Q1 26 | 4.5% | 12.8% | ||
| Q4 25 | -1.0% | 8.5% | ||
| Q3 25 | 4.6% | 12.8% | ||
| Q2 25 | -17.7% | 11.7% | ||
| Q1 25 | -0.2% | 9.5% | ||
| Q4 24 | -25.5% | 11.0% | ||
| Q3 24 | 1.0% | 12.0% | ||
| Q2 24 | 2.2% | 13.8% |
| Q1 26 | $1.59 | $0.45 | ||
| Q4 25 | $-0.19 | $0.33 | ||
| Q3 25 | $0.76 | $0.49 | ||
| Q2 25 | $-3.02 | $0.45 | ||
| Q1 25 | $-0.03 | $0.33 | ||
| Q4 24 | $-4.90 | $0.40 | ||
| Q3 24 | $0.18 | $0.44 | ||
| Q2 24 | $0.42 | $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 | $560.7M | $258.0M |
| Total DebtLower is stronger | — | $357.0M |
| Stockholders' EquityBook value | — | $1.3B |
| Total Assets | $2.6B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $560.7M | $258.0M | ||
| Q4 25 | $34.0M | $295.0M | ||
| Q3 25 | $52.6M | $255.0M | ||
| Q2 25 | $41.5M | $272.0M | ||
| Q1 25 | $55.8M | $267.0M | ||
| Q4 24 | $10.6M | $298.0M | ||
| Q3 24 | $30.6M | $327.0M | ||
| Q2 24 | $48.0M | $295.0M |
| Q1 26 | — | $357.0M | ||
| Q4 25 | $767.1M | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | $1.1B | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $642.1M | $1.3B | ||
| Q3 25 | $644.4M | $1.2B | ||
| Q2 25 | $607.6M | $1.1B | ||
| Q1 25 | $715.1M | $970.0M | ||
| Q4 24 | $706.6M | $904.0M | ||
| Q3 24 | $890.7M | $872.0M | ||
| Q2 24 | $876.9M | $769.0M |
| Q1 26 | $2.6B | $3.0B | ||
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $2.4B | $2.9B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $2.7B | $2.9B | ||
| Q2 24 | $2.8B | $2.7B |
| Q1 26 | — | 0.27× | ||
| Q4 25 | 1.19× | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | 1.49× | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 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 | $562.5M | $219.0M |
| Free Cash FlowOCF − Capex | — | $150.0M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | — | 9.1% |
| Cash ConversionOCF / Net Profit | 9.04× | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $450.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $562.5M | $219.0M | ||
| Q4 25 | $75.6M | $144.0M | ||
| Q3 25 | $22.7M | $155.0M | ||
| Q2 25 | $78.5M | $147.0M | ||
| Q1 25 | $92.7M | $154.0M | ||
| Q4 24 | $72.8M | $130.0M | ||
| Q3 24 | $66.7M | $150.0M | ||
| Q2 24 | $99.5M | $103.0M |
| Q1 26 | — | $150.0M | ||
| Q4 25 | $67.6M | $86.0M | ||
| Q3 25 | $14.8M | $109.0M | ||
| Q2 25 | $68.7M | $105.0M | ||
| Q1 25 | $82.7M | $103.0M | ||
| Q4 24 | $56.6M | $72.0M | ||
| Q3 24 | $47.4M | $84.0M | ||
| Q2 24 | $72.2M | $47.0M |
| Q1 26 | — | 19.8% | ||
| Q4 25 | 9.0% | 10.9% | ||
| Q3 25 | 2.3% | 13.9% | ||
| Q2 25 | 10.4% | 13.5% | ||
| Q1 25 | 12.0% | 14.6% | ||
| Q4 24 | 7.7% | 9.7% | ||
| Q3 24 | 6.9% | 11.5% | ||
| Q2 24 | 9.8% | 6.4% |
| Q1 26 | — | 9.1% | ||
| Q4 25 | 1.1% | 7.4% | ||
| Q3 25 | 1.2% | 5.9% | ||
| Q2 25 | 1.5% | 5.4% | ||
| Q1 25 | 1.4% | 7.2% | ||
| Q4 24 | 2.2% | 7.8% | ||
| Q3 24 | 2.8% | 9.0% | ||
| Q2 24 | 3.7% | 7.7% |
| Q1 26 | 9.04× | 2.26× | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | 0.77× | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | 9.54× | 1.70× | ||
| Q2 24 | 6.13× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
