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Side-by-side financial comparison of KEMPER Corp (KMPR) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
KEMPER Corp is the larger business by last-quarter revenue ($1.1B vs $789.0M, roughly 1.4× UL Solutions Inc.). UL Solutions Inc. runs the higher net margin — 8.5% vs -0.7%, a 9.2% gap on every dollar of revenue. On growth, UL Solutions Inc. posted the faster year-over-year revenue change (6.8% vs -4.7%). KEMPER Corp produced more free cash flow last quarter ($166.2M vs $86.0M). Over the past eight quarters, UL Solutions Inc.'s revenue compounded faster (8.5% CAGR vs -0.5%).
Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.
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.
KMPR vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $789.0M |
| Net Profit | $-8.0M | $67.0M |
| Gross Margin | — | 49.7% |
| Operating Margin | — | 15.0% |
| Net Margin | -0.7% | 8.5% |
| Revenue YoY | -4.7% | 6.8% |
| Net Profit YoY | -108.2% | -17.3% |
| EPS (diluted) | $-0.03 | $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 | $1.1B | $789.0M | ||
| Q3 25 | $1.2B | $783.0M | ||
| Q2 25 | $1.2B | $776.0M | ||
| Q1 25 | $1.2B | $705.0M | ||
| Q4 24 | $1.2B | $739.0M | ||
| Q3 24 | $1.2B | $731.0M | ||
| Q2 24 | $1.1B | $730.0M | ||
| Q1 24 | $1.1B | $670.0M |
| Q4 25 | $-8.0M | $67.0M | ||
| Q3 25 | $-21.0M | $100.0M | ||
| Q2 25 | $72.6M | $91.0M | ||
| Q1 25 | $99.7M | $67.0M | ||
| Q4 24 | $97.4M | $81.0M | ||
| Q3 24 | $73.7M | $88.0M | ||
| Q2 24 | $75.4M | $101.0M | ||
| Q1 24 | $71.3M | $56.0M |
| 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 24 | — | 47.6% |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 11.2% | 17.8% | ||
| Q2 24 | 10.1% | 17.3% | ||
| Q1 24 | 7.6% | 13.6% |
| Q4 25 | -0.7% | 8.5% | ||
| Q3 25 | -1.7% | 12.8% | ||
| Q2 25 | 5.9% | 11.7% | ||
| Q1 25 | 8.4% | 9.5% | ||
| Q4 24 | 8.2% | 11.0% | ||
| Q3 24 | 6.3% | 12.0% | ||
| Q2 24 | 6.7% | 13.8% | ||
| Q1 24 | 6.2% | 8.4% |
| Q4 25 | $-0.03 | $0.33 | ||
| Q3 25 | $-0.34 | $0.49 | ||
| Q2 25 | $1.12 | $0.45 | ||
| Q1 25 | $1.54 | $0.33 | ||
| Q4 24 | $1.51 | $0.40 | ||
| Q3 24 | $1.14 | $0.44 | ||
| Q2 24 | $1.16 | $0.50 | ||
| Q1 24 | $1.10 | $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 | $943.5M | $491.0M |
| Stockholders' EquityBook value | $2.7B | $1.3B |
| Total Assets | $12.5B | $2.9B |
| Debt / EquityLower = less leverage | 0.35× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $295.0M | ||
| Q3 25 | $371.2M | $255.0M | ||
| Q2 25 | $407.6M | $272.0M | ||
| Q1 25 | $545.3M | $267.0M | ||
| Q4 24 | $1.0B | $298.0M | ||
| Q3 24 | $696.9M | $327.0M | ||
| Q2 24 | $539.1M | $295.0M | ||
| Q1 24 | $520.7M | $344.0M |
| Q4 25 | $943.5M | $491.0M | ||
| Q3 25 | $943.1M | $544.0M | ||
| Q2 25 | $942.6M | $608.0M | ||
| Q1 25 | $942.1M | $653.0M | ||
| Q4 24 | $1.4B | $742.0M | ||
| Q3 24 | $1.4B | $797.0M | ||
| Q2 24 | $1.4B | $810.0M | ||
| Q1 24 | $1.4B | $879.0M |
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $370.0M | $1.1B | ||
| Q1 25 | $366.0M | $970.0M | ||
| Q4 24 | $2.8B | $904.0M | ||
| Q3 24 | $2.8B | $872.0M | ||
| Q2 24 | $358.0M | $769.0M | ||
| Q1 24 | $2.6B | $671.0M |
| Q4 25 | $12.5B | $2.9B | ||
| Q3 25 | $12.4B | $2.9B | ||
| Q2 25 | $12.6B | $2.9B | ||
| Q1 25 | $12.5B | $2.9B | ||
| Q4 24 | $12.6B | $2.8B | ||
| Q3 24 | $12.6B | $2.9B | ||
| Q2 24 | $12.6B | $2.7B | ||
| Q1 24 | $12.6B | $2.8B |
| Q4 25 | 0.35× | 0.39× | ||
| Q3 25 | 0.35× | 0.46× | ||
| Q2 25 | 2.55× | 0.56× | ||
| Q1 25 | 2.57× | 0.67× | ||
| Q4 24 | 0.50× | 0.82× | ||
| Q3 24 | 0.50× | 0.91× | ||
| Q2 24 | 3.88× | 1.05× | ||
| Q1 24 | 0.54× | 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 | $175.0M | $144.0M |
| Free Cash FlowOCF − Capex | $166.2M | $86.0M |
| FCF MarginFCF / Revenue | 14.7% | 10.9% |
| Capex IntensityCapex / Revenue | 0.8% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | $553.9M | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $175.0M | $144.0M | ||
| Q3 25 | $139.9M | $155.0M | ||
| Q2 25 | $89.6M | $147.0M | ||
| Q1 25 | $180.0M | $154.0M | ||
| Q4 24 | $175.1M | $130.0M | ||
| Q3 24 | $141.9M | $150.0M | ||
| Q2 24 | $22.9M | $103.0M | ||
| Q1 24 | $43.0M | $141.0M |
| Q4 25 | $166.2M | $86.0M | ||
| Q3 25 | $133.4M | $109.0M | ||
| Q2 25 | $82.0M | $105.0M | ||
| Q1 25 | $172.3M | $103.0M | ||
| Q4 24 | $165.4M | $72.0M | ||
| Q3 24 | $131.4M | $84.0M | ||
| Q2 24 | $5.2M | $47.0M | ||
| Q1 24 | $27.7M | $84.0M |
| Q4 25 | 14.7% | 10.9% | ||
| Q3 25 | 10.8% | 13.9% | ||
| Q2 25 | 6.7% | 13.5% | ||
| Q1 25 | 14.4% | 14.6% | ||
| Q4 24 | 13.9% | 9.7% | ||
| Q3 24 | 11.1% | 11.5% | ||
| Q2 24 | 0.5% | 6.4% | ||
| Q1 24 | 2.4% | 12.5% |
| Q4 25 | 0.8% | 7.4% | ||
| Q3 25 | 0.5% | 5.9% | ||
| Q2 25 | 0.6% | 5.4% | ||
| Q1 25 | 0.6% | 7.2% | ||
| Q4 24 | 0.8% | 7.8% | ||
| Q3 24 | 0.9% | 9.0% | ||
| Q2 24 | 1.6% | 7.7% | ||
| Q1 24 | 1.3% | 8.5% |
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 1.23× | 1.62× | ||
| Q1 25 | 1.81× | 2.30× | ||
| Q4 24 | 1.80× | 1.60× | ||
| Q3 24 | 1.93× | 1.70× | ||
| Q2 24 | 0.30× | 1.02× | ||
| Q1 24 | 0.60× | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KMPR
| Specialty Property Casualty Insurance Segment | $995.1M | 88% |
| Life Insurance Segment1 | $140.7M | 12% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
