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Side-by-side financial comparison of HCI Group, Inc. (HCI) 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 $242.9M, roughly 1.4× HCI Group, Inc.). On growth, HCI Group, Inc. posted the faster year-over-year revenue change (12.2% vs -12.4%). Over the past eight quarters, HCI Group, Inc.'s revenue compounded faster (8.5% CAGR vs -31.8%).
HCI Equity Partners is a Washington, DC–based private equity firm with an additional office in Chicago, Illinois.
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.
HCI vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $242.9M | $340.0M |
| Net Profit | $85.0M | — |
| Gross Margin | — | — |
| Operating Margin | — | 24.4% |
| Net Margin | 35.0% | — |
| Revenue YoY | 12.2% | -12.4% |
| Net Profit YoY | 14.6% | — |
| EPS (diluted) | $5.45 | — |
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 | $242.9M | $340.0M | ||
| Q4 25 | $246.2M | $789.0M | ||
| Q3 25 | $216.3M | $783.0M | ||
| Q2 25 | $221.9M | $776.0M | ||
| Q1 25 | $216.4M | $705.0M | ||
| Q4 24 | $161.9M | $739.0M | ||
| Q3 24 | $175.3M | $731.0M | ||
| Q2 24 | $206.2M | $730.0M |
| Q1 26 | $85.0M | — | ||
| Q4 25 | $97.7M | $67.0M | ||
| Q3 25 | $65.5M | $100.0M | ||
| Q2 25 | $66.2M | $91.0M | ||
| Q1 25 | $69.7M | $67.0M | ||
| Q4 24 | $2.6M | $81.0M | ||
| Q3 24 | $5.7M | $88.0M | ||
| Q2 24 | $54.1M | $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 | 58.5% | 15.0% | ||
| Q3 25 | 41.9% | 19.9% | ||
| Q2 25 | 42.5% | 17.9% | ||
| Q1 25 | 46.4% | 15.5% | ||
| Q4 24 | 3.6% | 15.6% | ||
| Q3 24 | 8.0% | 17.8% | ||
| Q2 24 | 36.9% | 17.3% |
| Q1 26 | 35.0% | — | ||
| Q4 25 | 39.7% | 8.5% | ||
| Q3 25 | 30.3% | 12.8% | ||
| Q2 25 | 29.8% | 11.7% | ||
| Q1 25 | 32.2% | 9.5% | ||
| Q4 24 | 1.6% | 11.0% | ||
| Q3 24 | 3.2% | 12.0% | ||
| Q2 24 | 26.2% | 13.8% |
| Q1 26 | $5.45 | — | ||
| Q4 25 | $7.29 | $0.33 | ||
| Q3 25 | $4.90 | $0.49 | ||
| Q2 25 | $5.18 | $0.45 | ||
| Q1 25 | $5.35 | $0.33 | ||
| Q4 24 | $0.32 | $0.40 | ||
| Q3 24 | $0.52 | $0.44 | ||
| Q2 24 | $4.24 | $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 | $1.0B | — |
| Total DebtLower is stronger | $31.7M | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.6B | — |
| Debt / EquityLower = less leverage | 0.03× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $295.0M | ||
| Q3 25 | $987.9M | $255.0M | ||
| Q2 25 | $947.2M | $272.0M | ||
| Q1 25 | $754.5M | $267.0M | ||
| Q4 24 | $532.5M | $298.0M | ||
| Q3 24 | $518.8M | $327.0M | ||
| Q2 24 | $445.8M | $295.0M |
| Q1 26 | $31.7M | — | ||
| 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 |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $821.8M | $1.2B | ||
| Q2 25 | $758.6M | $1.1B | ||
| Q1 25 | $522.7M | $970.0M | ||
| Q4 24 | $453.3M | $904.0M | ||
| Q3 24 | $455.3M | $872.0M | ||
| Q2 24 | $447.3M | $769.0M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.4B | $2.9B | ||
| Q1 25 | $2.3B | $2.9B | ||
| Q4 24 | $2.2B | $2.8B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.9B | $2.7B |
| Q1 26 | 0.03× | — | ||
| 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.
