vs
Side-by-side financial comparison of COMERICA INC (CMA) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $340.0M, roughly 2.5× UL Solutions Inc.). On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs -12.4%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs -31.8%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
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.
CMA vs ULS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $340.0M |
| Net Profit | $176.0M | — |
| Gross Margin | — | — |
| Operating Margin | — | 24.4% |
| Net Margin | 21.0% | — |
| Revenue YoY | 3.3% | -12.4% |
| Net Profit YoY | -4.3% | — |
| EPS (diluted) | $1.35 | — |
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 | — | $789.0M | ||
| Q3 25 | $838.0M | $783.0M | ||
| Q2 25 | $849.0M | $776.0M | ||
| Q1 25 | $829.0M | $705.0M | ||
| Q4 24 | $825.0M | $739.0M | ||
| Q3 24 | $811.0M | $731.0M | ||
| Q2 24 | $824.0M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $176.0M | $100.0M | ||
| Q2 25 | $199.0M | $91.0M | ||
| Q1 25 | $172.0M | $67.0M | ||
| Q4 24 | $170.0M | $81.0M | ||
| Q3 24 | $184.0M | $88.0M | ||
| Q2 24 | $206.0M | $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 | — | 24.4% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | 21.0% | 12.8% | ||
| Q2 25 | 23.4% | 11.7% | ||
| Q1 25 | 20.7% | 9.5% | ||
| Q4 24 | 20.6% | 11.0% | ||
| Q3 24 | 22.7% | 12.0% | ||
| Q2 24 | 25.0% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | $0.33 | ||
| Q3 25 | $1.35 | $0.49 | ||
| Q2 25 | $1.42 | $0.45 | ||
| Q1 25 | $1.25 | $0.33 | ||
| Q4 24 | $1.22 | $0.40 | ||
| Q3 24 | $1.33 | $0.44 | ||
| Q2 24 | $1.49 | $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 | — | — |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $7.4B | — |
| Total Assets | $77.4B | — |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $295.0M | ||
| Q3 25 | — | $255.0M | ||
| Q2 25 | — | $272.0M | ||
| Q1 25 | — | $267.0M | ||
| Q4 24 | — | $298.0M | ||
| Q3 24 | — | $327.0M | ||
| Q2 24 | — | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | $5.4B | $544.0M | ||
| Q2 25 | $5.8B | $608.0M | ||
| Q1 25 | $5.7B | $653.0M | ||
| Q4 24 | $6.7B | $742.0M | ||
| Q3 24 | $6.8B | $797.0M | ||
| Q2 24 | $7.1B | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $7.4B | $1.2B | ||
| Q2 25 | $6.9B | $1.1B | ||
| Q1 25 | $7.1B | $970.0M | ||
| Q4 24 | $6.5B | $904.0M | ||
| Q3 24 | $7.4B | $872.0M | ||
| Q2 24 | $6.2B | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $77.4B | $2.9B | ||
| Q2 25 | $78.0B | $2.9B | ||
| Q1 25 | $77.6B | $2.9B | ||
| Q4 24 | $79.3B | $2.8B | ||
| Q3 24 | $79.7B | $2.9B | ||
| Q2 24 | $79.6B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | 0.73× | 0.46× | ||
| Q2 25 | 0.84× | 0.56× | ||
| Q1 25 | 0.81× | 0.67× | ||
| Q4 24 | 1.02× | 0.82× | ||
| Q3 24 | 0.92× | 0.91× | ||
| Q2 24 | 1.15× | 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 | $-270.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | -1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | $-270.0M | $155.0M | ||
| Q2 25 | $476.0M | $147.0M | ||
| Q1 25 | $273.0M | $154.0M | ||
| Q4 24 | $601.0M | $130.0M | ||
| Q3 24 | $1.0B | $150.0M | ||
| Q2 24 | $111.0M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $86.0M | ||
| Q3 25 | — | $109.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $103.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | -1.53× | 1.55× | ||
| Q2 25 | 2.39× | 1.62× | ||
| Q1 25 | 1.59× | 2.30× | ||
| Q4 24 | 3.54× | 1.60× | ||
| Q3 24 | 5.70× | 1.70× | ||
| Q2 24 | 0.54× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
