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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) 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 $191.2M, roughly 1.8× Axsome Therapeutics, Inc.). On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (57.4% vs -12.4%). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (48.1% CAGR vs -31.8%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

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.

AXSM vs ULS — Head-to-Head

Bigger by revenue
ULS
ULS
1.8× larger
ULS
$340.0M
$191.2M
AXSM
Growing faster (revenue YoY)
AXSM
AXSM
+69.8% gap
AXSM
57.4%
-12.4%
ULS
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
48.1%
-31.8%
ULS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AXSM
AXSM
ULS
ULS
Revenue
$191.2M
$340.0M
Net Profit
Gross Margin
Operating Margin
-33.1%
24.4%
Net Margin
Revenue YoY
57.4%
-12.4%
Net Profit YoY
EPS (diluted)

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.

Revenue
AXSM
AXSM
ULS
ULS
Q1 26
$191.2M
$340.0M
Q4 25
$196.0M
$789.0M
Q3 25
$171.0M
$783.0M
Q2 25
$150.0M
$776.0M
Q1 25
$121.5M
$705.0M
Q4 24
$118.8M
$739.0M
Q3 24
$104.8M
$731.0M
Q2 24
$87.2M
$730.0M
Net Profit
AXSM
AXSM
ULS
ULS
Q1 26
Q4 25
$-28.6M
$67.0M
Q3 25
$-47.2M
$100.0M
Q2 25
$-48.0M
$91.0M
Q1 25
$-59.4M
$67.0M
Q4 24
$-74.9M
$81.0M
Q3 24
$-64.6M
$88.0M
Q2 24
$-79.3M
$101.0M
Gross Margin
AXSM
AXSM
ULS
ULS
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%
Operating Margin
AXSM
AXSM
ULS
ULS
Q1 26
-33.1%
24.4%
Q4 25
-13.8%
15.0%
Q3 25
-27.0%
19.9%
Q2 25
-24.5%
17.9%
Q1 25
-46.9%
15.5%
Q4 24
-61.1%
15.6%
Q3 24
-59.8%
17.8%
Q2 24
-89.5%
17.3%
Net Margin
AXSM
AXSM
ULS
ULS
Q1 26
Q4 25
-14.6%
8.5%
Q3 25
-27.6%
12.8%
Q2 25
-32.0%
11.7%
Q1 25
-48.9%
9.5%
Q4 24
-63.1%
11.0%
Q3 24
-61.7%
12.0%
Q2 24
-91.0%
13.8%
EPS (diluted)
AXSM
AXSM
ULS
ULS
Q1 26
Q4 25
$-0.55
$0.33
Q3 25
$-0.94
$0.49
Q2 25
$-0.97
$0.45
Q1 25
$-1.22
$0.33
Q4 24
$-1.54
$0.40
Q3 24
$-1.34
$0.44
Q2 24
$-1.67
$0.50

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AXSM
AXSM
ULS
ULS
Cash + ST InvestmentsLiquidity on hand
$305.1M
Total DebtLower is stronger
$70.0M
Stockholders' EquityBook value
Total Assets
$713.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
ULS
ULS
Q1 26
$305.1M
Q4 25
$322.9M
$295.0M
Q3 25
$325.3M
$255.0M
Q2 25
$303.0M
$272.0M
Q1 25
$300.9M
$267.0M
Q4 24
$315.4M
$298.0M
Q3 24
$327.3M
$327.0M
Q2 24
$315.7M
$295.0M
Total Debt
AXSM
AXSM
ULS
ULS
Q1 26
$70.0M
Q4 25
$491.0M
Q3 25
$544.0M
Q2 25
$608.0M
Q1 25
$653.0M
Q4 24
$742.0M
Q3 24
$797.0M
Q2 24
$810.0M
Stockholders' Equity
AXSM
AXSM
ULS
ULS
Q1 26
Q4 25
$88.3M
$1.3B
Q3 25
$73.7M
$1.2B
Q2 25
$73.1M
$1.1B
Q1 25
$53.2M
$970.0M
Q4 24
$57.0M
$904.0M
Q3 24
$92.9M
$872.0M
Q2 24
$102.9M
$769.0M
Total Assets
AXSM
AXSM
ULS
ULS
Q1 26
$713.6M
Q4 25
$689.8M
$2.9B
Q3 25
$669.3M
$2.9B
Q2 25
$639.8M
$2.9B
Q1 25
$596.7M
$2.9B
Q4 24
$568.5M
$2.8B
Q3 24
$561.5M
$2.9B
Q2 24
$548.2M
$2.7B
Debt / Equity
AXSM
AXSM
ULS
ULS
Q1 26
Q4 25
0.39×
Q3 25
0.46×
Q2 25
0.56×
Q1 25
0.67×
Q4 24
0.82×
Q3 24
0.91×
Q2 24
1.05×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AXSM
AXSM

Product sales, net$189.4M99%
Royalty revenue and milestone revenue$1.8M1%

ULS
ULS

Segment breakdown not available.

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