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Side-by-side financial comparison of APTARGROUP, INC. (ATR) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
APTARGROUP, INC. is the larger business by last-quarter revenue ($982.9M vs $789.0M, roughly 1.2× UL Solutions Inc.). UL Solutions Inc. runs the higher net margin — 8.5% vs 7.4%, a 1.1% gap on every dollar of revenue. On growth, APTARGROUP, INC. posted the faster year-over-year revenue change (10.8% vs 6.8%). UL Solutions Inc. produced more free cash flow last quarter ($86.0M vs $53.3M). Over the past eight quarters, UL Solutions Inc.'s revenue compounded faster (8.5% CAGR vs 3.9%).
AptarGroup, Inc., also known as Aptar, is a United States–based global manufacturer of consumer dispensing packaging and drug delivery devices. The group has manufacturing operations in 18 countries.
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.
ATR vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $982.9M | $789.0M |
| Net Profit | $72.8M | $67.0M |
| Gross Margin | — | 49.7% |
| Operating Margin | 10.9% | 15.0% |
| Net Margin | 7.4% | 8.5% |
| Revenue YoY | 10.8% | 6.8% |
| Net Profit YoY | -7.5% | -17.3% |
| EPS (diluted) | $1.12 | $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.
| Q1 26 | $982.9M | — | ||
| Q4 25 | $962.7M | $789.0M | ||
| Q3 25 | $961.1M | $783.0M | ||
| Q2 25 | $966.0M | $776.0M | ||
| Q1 25 | $887.3M | $705.0M | ||
| Q4 24 | $848.1M | $739.0M | ||
| Q3 24 | $909.3M | $731.0M | ||
| Q2 24 | $910.1M | $730.0M |
| Q1 26 | $72.8M | — | ||
| Q4 25 | $74.3M | $67.0M | ||
| Q3 25 | $127.9M | $100.0M | ||
| Q2 25 | $111.7M | $91.0M | ||
| Q1 25 | $78.8M | $67.0M | ||
| Q4 24 | $100.9M | $81.0M | ||
| Q3 24 | $100.0M | $88.0M | ||
| Q2 24 | $90.5M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | — | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | — | 49.0% | ||
| Q2 24 | — | 50.1% |
| Q1 26 | 10.9% | — | ||
| Q4 25 | 11.0% | 15.0% | ||
| Q3 25 | 14.2% | 19.9% | ||
| Q2 25 | 14.9% | 17.9% | ||
| Q1 25 | 12.8% | 15.5% | ||
| Q4 24 | 14.2% | 15.6% | ||
| Q3 24 | 15.2% | 17.8% | ||
| Q2 24 | 13.8% | 17.3% |
| Q1 26 | 7.4% | — | ||
| Q4 25 | 7.7% | 8.5% | ||
| Q3 25 | 13.3% | 12.8% | ||
| Q2 25 | 11.6% | 11.7% | ||
| Q1 25 | 8.9% | 9.5% | ||
| Q4 24 | 11.9% | 11.0% | ||
| Q3 24 | 11.0% | 12.0% | ||
| Q2 24 | 9.9% | 13.8% |
| Q1 26 | $1.12 | — | ||
| Q4 25 | $1.13 | $0.33 | ||
| Q3 25 | $1.92 | $0.49 | ||
| Q2 25 | $1.67 | $0.45 | ||
| Q1 25 | $1.17 | $0.33 | ||
| Q4 24 | $1.48 | $0.40 | ||
| Q3 24 | $1.48 | $0.44 | ||
| Q2 24 | $1.34 | $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 | $229.5M | $295.0M |
| Total DebtLower is stronger | — | $491.0M |
| Stockholders' EquityBook value | $2.6B | $1.3B |
| Total Assets | $5.1B | $2.9B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $229.5M | — | ||
| Q4 25 | $409.5M | $295.0M | ||
| Q3 25 | $264.8M | $255.0M | ||
| Q2 25 | $169.8M | $272.0M | ||
| Q1 25 | $136.8M | $267.0M | ||
| Q4 24 | $226.2M | $298.0M | ||
| Q3 24 | $327.9M | $327.0M | ||
| Q2 24 | $223.9M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $491.0M | ||
| Q3 25 | $546.0M | $544.0M | ||
| Q2 25 | $535.1M | $608.0M | ||
| Q1 25 | $561.2M | $653.0M | ||
| Q4 24 | $688.1M | $742.0M | ||
| Q3 24 | $822.7M | $797.0M | ||
| Q2 24 | $681.5M | $810.0M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.8B | $1.2B | ||
| Q2 25 | $2.7B | $1.1B | ||
| Q1 25 | $2.5B | $970.0M | ||
| Q4 24 | $2.5B | $904.0M | ||
| Q3 24 | $2.5B | $872.0M | ||
| Q2 24 | $2.4B | $769.0M |
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.3B | $2.9B | ||
| Q3 25 | $5.1B | $2.9B | ||
| Q2 25 | $4.9B | $2.9B | ||
| Q1 25 | $4.5B | $2.9B | ||
| Q4 24 | $4.4B | $2.8B | ||
| Q3 24 | $4.6B | $2.9B | ||
| Q2 24 | $4.5B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 0.39× | ||
| Q3 25 | 0.20× | 0.46× | ||
| Q2 25 | 0.20× | 0.56× | ||
| Q1 25 | 0.22× | 0.67× | ||
| Q4 24 | 0.28× | 0.82× | ||
| Q3 24 | 0.32× | 0.91× | ||
| Q2 24 | 0.28× | 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 | — | $144.0M |
| Free Cash FlowOCF − Capex | $53.3M | $86.0M |
| FCF MarginFCF / Revenue | 5.4% | 10.9% |
| Capex IntensityCapex / Revenue | 6.7% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $327.0M | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $183.7M | $144.0M | ||
| Q3 25 | $177.6M | $155.0M | ||
| Q2 25 | $126.0M | $147.0M | ||
| Q1 25 | $82.7M | $154.0M | ||
| Q4 24 | $178.2M | $130.0M | ||
| Q3 24 | $229.3M | $150.0M | ||
| Q2 24 | $143.6M | $103.0M |
| Q1 26 | $53.3M | — | ||
| Q4 25 | $96.9M | $86.0M | ||
| Q3 25 | $114.3M | $109.0M | ||
| Q2 25 | $62.5M | $105.0M | ||
| Q1 25 | $25.9M | $103.0M | ||
| Q4 24 | $112.2M | $72.0M | ||
| Q3 24 | $162.7M | $84.0M | ||
| Q2 24 | $75.4M | $47.0M |
| Q1 26 | 5.4% | — | ||
| Q4 25 | 10.1% | 10.9% | ||
| Q3 25 | 11.9% | 13.9% | ||
| Q2 25 | 6.5% | 13.5% | ||
| Q1 25 | 2.9% | 14.6% | ||
| Q4 24 | 13.2% | 9.7% | ||
| Q3 24 | 17.9% | 11.5% | ||
| Q2 24 | 8.3% | 6.4% |
| Q1 26 | 6.7% | — | ||
| Q4 25 | 9.0% | 7.4% | ||
| Q3 25 | 6.6% | 5.9% | ||
| Q2 25 | 6.6% | 5.4% | ||
| Q1 25 | 6.4% | 7.2% | ||
| Q4 24 | 7.8% | 7.8% | ||
| Q3 24 | 7.3% | 9.0% | ||
| Q2 24 | 7.5% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 2.47× | 2.15× | ||
| Q3 25 | 1.39× | 1.55× | ||
| Q2 25 | 1.13× | 1.62× | ||
| Q1 25 | 1.05× | 2.30× | ||
| Q4 24 | 1.77× | 1.60× | ||
| Q3 24 | 2.29× | 1.70× | ||
| Q2 24 | 1.59× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATR
Segment breakdown not available.
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
