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Side-by-side financial comparison of GoPro, Inc. (GPRO) 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 $201.7M, roughly 1.7× GoPro, Inc.). On growth, GoPro, Inc. posted the faster year-over-year revenue change (0.4% vs -12.4%). Over the past eight quarters, GoPro, Inc.'s revenue compounded faster (13.9% CAGR vs -31.8%).
GoPro, Inc. is an American technology company founded in 2002 by Nick Woodman. It manufactures action cameras and develops its own mobile apps and video-editing software. Founded as Woodman Labs, Inc, the company is based in San Mateo, California.
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.
GPRO vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $201.7M | $340.0M |
| Net Profit | — | — |
| Gross Margin | 31.8% | — |
| Operating Margin | -4.1% | 24.4% |
| Net Margin | — | — |
| Revenue YoY | 0.4% | -12.4% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.06 | — |
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 | $201.7M | $789.0M | ||
| Q3 25 | $162.9M | $783.0M | ||
| Q2 25 | $152.6M | $776.0M | ||
| Q1 25 | $134.3M | $705.0M | ||
| Q4 24 | $200.9M | $739.0M | ||
| Q3 24 | $258.9M | $731.0M | ||
| Q2 24 | $186.2M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $-21.3M | $100.0M | ||
| Q2 25 | $-16.4M | $91.0M | ||
| Q1 25 | $-46.7M | $67.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $-8.2M | $88.0M | ||
| Q2 24 | $-47.8M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | 31.8% | 49.7% | ||
| Q3 25 | 35.1% | 50.3% | ||
| Q2 25 | 35.8% | 49.4% | ||
| Q1 25 | 32.1% | 48.4% | ||
| Q4 24 | 34.7% | 47.4% | ||
| Q3 24 | 35.5% | 49.0% | ||
| Q2 24 | 30.5% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | -4.1% | 15.0% | ||
| Q3 25 | -9.8% | 19.9% | ||
| Q2 25 | -9.2% | 17.9% | ||
| Q1 25 | -33.7% | 15.5% | ||
| Q4 24 | -19.5% | 15.6% | ||
| Q3 24 | -3.1% | 17.8% | ||
| Q2 24 | -25.0% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | -13.0% | 12.8% | ||
| Q2 25 | -10.8% | 11.7% | ||
| Q1 25 | -34.8% | 9.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | -3.2% | 12.0% | ||
| Q2 24 | -25.7% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.06 | $0.33 | ||
| Q3 25 | $-0.13 | $0.49 | ||
| Q2 25 | $-0.10 | $0.45 | ||
| Q1 25 | $-0.30 | $0.33 | ||
| Q4 24 | $-0.22 | $0.40 | ||
| Q3 24 | $-0.05 | $0.44 | ||
| Q2 24 | $-0.31 | $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 | $49.7M | — |
| Total DebtLower is stronger | $44.3M | — |
| Stockholders' EquityBook value | $76.5M | — |
| Total Assets | $428.0M | — |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $49.7M | $295.0M | ||
| Q3 25 | $152.8M | $255.0M | ||
| Q2 25 | $58.6M | $272.0M | ||
| Q1 25 | $69.6M | $267.0M | ||
| Q4 24 | $102.8M | $298.0M | ||
| Q3 24 | $130.2M | $327.0M | ||
| Q2 24 | $133.0M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | $44.3M | $491.0M | ||
| Q3 25 | $43.9M | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | $0 | $742.0M | ||
| Q3 24 | $93.1M | $797.0M | ||
| Q2 24 | $92.9M | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | $76.5M | $1.3B | ||
| Q3 25 | $80.5M | $1.2B | ||
| Q2 25 | $97.9M | $1.1B | ||
| Q1 25 | $110.0M | $970.0M | ||
| Q4 24 | $151.7M | $904.0M | ||
| Q3 24 | $183.9M | $872.0M | ||
| Q2 24 | $184.7M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $428.0M | $2.9B | ||
| Q3 25 | $538.6M | $2.9B | ||
| Q2 25 | $439.0M | $2.9B | ||
| Q1 25 | $462.5M | $2.9B | ||
| Q4 24 | $543.7M | $2.8B | ||
| Q3 24 | $661.6M | $2.9B | ||
| Q2 24 | $556.8M | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.58× | 0.39× | ||
| Q3 25 | 0.55× | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | 0.00× | 0.82× | ||
| Q3 24 | 0.51× | 0.91× | ||
| Q2 24 | 0.50× | 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 | $15.6M | — |
| Free Cash FlowOCF − Capex | $15.0M | — |
| FCF MarginFCF / Revenue | 7.4% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $15.6M | $144.0M | ||
| Q3 25 | $12.2M | $155.0M | ||
| Q2 25 | $8.8M | $147.0M | ||
| Q1 25 | $-57.2M | $154.0M | ||
| Q4 24 | $-25.1M | $130.0M | ||
| Q3 24 | $-2.2M | $150.0M | ||
| Q2 24 | $605.0K | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $15.0M | $86.0M | ||
| Q3 25 | $11.2M | $109.0M | ||
| Q2 25 | $8.3M | $105.0M | ||
| Q1 25 | $-58.5M | $103.0M | ||
| Q4 24 | $-25.5M | $72.0M | ||
| Q3 24 | $-4.2M | $84.0M | ||
| Q2 24 | $-111.0K | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.4% | 10.9% | ||
| Q3 25 | 6.9% | 13.9% | ||
| Q2 25 | 5.4% | 13.5% | ||
| Q1 25 | -43.5% | 14.6% | ||
| Q4 24 | -12.7% | 9.7% | ||
| Q3 24 | -1.6% | 11.5% | ||
| Q2 24 | -0.1% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.3% | 7.4% | ||
| Q3 25 | 0.6% | 5.9% | ||
| Q2 25 | 0.3% | 5.4% | ||
| Q1 25 | 1.0% | 7.2% | ||
| Q4 24 | 0.2% | 7.8% | ||
| Q3 24 | 0.8% | 9.0% | ||
| Q2 24 | 0.4% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GPRO
| Subscription And Services | $106.3M | 53% |
| Other | $95.4M | 47% |
ULS
Segment breakdown not available.
