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Side-by-side financial comparison of EDGEWELL PERSONAL CARE Co (EPC) 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 ($789.0M vs $422.8M, roughly 1.9× EDGEWELL PERSONAL CARE Co). UL Solutions Inc. runs the higher net margin — 8.5% vs -15.5%, a 24.0% gap on every dollar of revenue. On growth, UL Solutions Inc. posted the faster year-over-year revenue change (6.8% vs -11.6%). UL Solutions Inc. produced more free cash flow last quarter ($86.0M vs $-137.5M). Over the past eight quarters, UL Solutions Inc.'s revenue compounded faster (8.5% CAGR vs -16.0%).
The Edgewell Personal Care Company is an American multinational consumer products company headquartered in Shelton, Connecticut. It was formed in 2015 following the corporate spin-off from Energizer Holdings, Inc..
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.
EPC vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $422.8M | $789.0M |
| Net Profit | $-65.7M | $67.0M |
| Gross Margin | 38.1% | 49.7% |
| Operating Margin | -4.5% | 15.0% |
| Net Margin | -15.5% | 8.5% |
| Revenue YoY | -11.6% | 6.8% |
| Net Profit YoY | -3028.6% | -17.3% |
| EPS (diluted) | $-1.41 | $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 | $422.8M | $789.0M | ||
| Q3 25 | $600.5M | $783.0M | ||
| Q2 25 | $627.2M | $776.0M | ||
| Q1 25 | $580.7M | $705.0M | ||
| Q4 24 | $415.1M | $739.0M | ||
| Q3 24 | $517.6M | $731.0M | ||
| Q2 24 | $647.8M | $730.0M | ||
| Q1 24 | $599.4M | $670.0M |
| Q4 25 | $-65.7M | $67.0M | ||
| Q3 25 | $-30.6M | $100.0M | ||
| Q2 25 | $29.1M | $91.0M | ||
| Q1 25 | $29.0M | $67.0M | ||
| Q4 24 | $-2.1M | $81.0M | ||
| Q3 24 | $8.8M | $88.0M | ||
| Q2 24 | $49.0M | $101.0M | ||
| Q1 24 | $36.0M | $56.0M |
| Q4 25 | 38.1% | 49.7% | ||
| Q3 25 | 37.9% | 50.3% | ||
| Q2 25 | 42.8% | 49.4% | ||
| Q1 25 | 44.1% | 48.4% | ||
| Q4 24 | 41.6% | 47.4% | ||
| Q3 24 | 41.1% | 49.0% | ||
| Q2 24 | 44.3% | 50.1% | ||
| Q1 24 | 43.1% | 47.6% |
| Q4 25 | -4.5% | 15.0% | ||
| Q3 25 | -4.2% | 19.9% | ||
| Q2 25 | 8.6% | 17.9% | ||
| Q1 25 | 10.1% | 15.5% | ||
| Q4 24 | 2.2% | 15.6% | ||
| Q3 24 | 3.9% | 17.8% | ||
| Q2 24 | 12.8% | 17.3% | ||
| Q1 24 | 11.7% | 13.6% |
| Q4 25 | -15.5% | 8.5% | ||
| Q3 25 | -5.1% | 12.8% | ||
| Q2 25 | 4.6% | 11.7% | ||
| Q1 25 | 5.0% | 9.5% | ||
| Q4 24 | -0.5% | 11.0% | ||
| Q3 24 | 1.7% | 12.0% | ||
| Q2 24 | 7.6% | 13.8% | ||
| Q1 24 | 6.0% | 8.4% |
| Q4 25 | $-1.41 | $0.33 | ||
| Q3 25 | $-0.65 | $0.49 | ||
| Q2 25 | $0.62 | $0.45 | ||
| Q1 25 | $0.60 | $0.33 | ||
| Q4 24 | $-0.04 | $0.40 | ||
| Q3 24 | $0.18 | $0.44 | ||
| Q2 24 | $0.98 | $0.50 | ||
| Q1 24 | $0.72 | $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 | — | $295.0M |
| Total DebtLower is stronger | $1.5B | $491.0M |
| Stockholders' EquityBook value | $1.5B | $1.3B |
| Total Assets | $3.8B | $2.9B |
| Debt / EquityLower = less leverage | 1.03× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $295.0M | ||
| Q3 25 | — | $255.0M | ||
| Q2 25 | — | $272.0M | ||
| Q1 25 | — | $267.0M | ||
| Q4 24 | — | $298.0M | ||
| Q3 24 | $209.1M | $327.0M | ||
| Q2 24 | — | $295.0M | ||
| Q1 24 | — | $344.0M |
| Q4 25 | $1.5B | $491.0M | ||
| Q3 25 | $1.4B | $544.0M | ||
| Q2 25 | $1.4B | $608.0M | ||
| Q1 25 | $1.4B | $653.0M | ||
| Q4 24 | $1.4B | $742.0M | ||
| Q3 24 | $1.3B | $797.0M | ||
| Q2 24 | $1.3B | $810.0M | ||
| Q1 24 | $1.4B | $879.0M |
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.5B | $970.0M | ||
| Q4 24 | $1.5B | $904.0M | ||
| Q3 24 | $1.6B | $872.0M | ||
| Q2 24 | $1.6B | $769.0M | ||
| Q1 24 | $1.6B | $671.0M |
| Q4 25 | $3.8B | $2.9B | ||
| Q3 25 | $3.8B | $2.9B | ||
| Q2 25 | $3.8B | $2.9B | ||
| Q1 25 | $3.8B | $2.9B | ||
| Q4 24 | $3.7B | $2.8B | ||
| Q3 24 | $3.7B | $2.9B | ||
| Q2 24 | $3.7B | $2.7B | ||
| Q1 24 | $3.8B | $2.8B |
| Q4 25 | 1.03× | 0.39× | ||
| Q3 25 | 0.89× | 0.46× | ||
| Q2 25 | 0.88× | 0.56× | ||
| Q1 25 | 0.95× | 0.67× | ||
| Q4 24 | 0.97× | 0.82× | ||
| Q3 24 | 0.81× | 0.91× | ||
| Q2 24 | 0.82× | 1.05× | ||
| Q1 24 | 0.88× | 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 | $-125.9M | $144.0M |
| Free Cash FlowOCF − Capex | $-137.5M | $86.0M |
| FCF MarginFCF / Revenue | -32.5% | 10.9% |
| Capex IntensityCapex / Revenue | 2.7% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $36.3M | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-125.9M | $144.0M | ||
| Q3 25 | $74.1M | $155.0M | ||
| Q2 25 | $114.8M | $147.0M | ||
| Q1 25 | $45.1M | $154.0M | ||
| Q4 24 | $-115.6M | $130.0M | ||
| Q3 24 | $-388.3M | $150.0M | ||
| Q2 24 | $101.2M | $103.0M | ||
| Q1 24 | $129.0M | $141.0M |
| Q4 25 | $-137.5M | $86.0M | ||
| Q3 25 | $46.5M | $109.0M | ||
| Q2 25 | $99.3M | $105.0M | ||
| Q1 25 | $28.0M | $103.0M | ||
| Q4 24 | $-132.4M | $72.0M | ||
| Q3 24 | $-414.2M | $84.0M | ||
| Q2 24 | $88.6M | $47.0M | ||
| Q1 24 | $117.5M | $84.0M |
| Q4 25 | -32.5% | 10.9% | ||
| Q3 25 | 7.7% | 13.9% | ||
| Q2 25 | 15.8% | 13.5% | ||
| Q1 25 | 4.8% | 14.6% | ||
| Q4 24 | -31.9% | 9.7% | ||
| Q3 24 | -80.0% | 11.5% | ||
| Q2 24 | 13.7% | 6.4% | ||
| Q1 24 | 19.6% | 12.5% |
| Q4 25 | 2.7% | 7.4% | ||
| Q3 25 | 4.6% | 5.9% | ||
| Q2 25 | 2.5% | 5.4% | ||
| Q1 25 | 2.9% | 7.2% | ||
| Q4 24 | 4.0% | 7.8% | ||
| Q3 24 | 5.0% | 9.0% | ||
| Q2 24 | 1.9% | 7.7% | ||
| Q1 24 | 1.9% | 8.5% |
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 3.95× | 1.62× | ||
| Q1 25 | 1.56× | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | -44.13× | 1.70× | ||
| Q2 24 | 2.07× | 1.02× | ||
| Q1 24 | 3.58× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPC
| Other | $242.0M | 57% |
| Sunand Skin Care Segment | $131.5M | 31% |
| Shavinggelsandcreams | $32.3M | 8% |
| Wipes And Other Skin Care Products | $17.0M | 4% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
