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Side-by-side financial comparison of Grand Canyon Education, Inc. (LOPE) 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 $308.1M, roughly 1.1× Grand Canyon Education, Inc.). On growth, Grand Canyon Education, Inc. posted the faster year-over-year revenue change (5.3% vs -12.4%). Over the past eight quarters, Grand Canyon Education, Inc.'s revenue compounded faster (5.9% CAGR vs -31.8%).
Grand Canyon Education, Inc. (GCE) is an American for-profit corporation that provides services to universities, specializing in program development, online education, and operational support. Formerly affiliated with Grand Canyon University (GCU), a Christian university in Arizona, GCE became a separate publicly traded company in 2008.
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.
LOPE vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $308.1M | $340.0M |
| Net Profit | $86.7M | — |
| Gross Margin | — | — |
| Operating Margin | 35.1% | 24.4% |
| Net Margin | 28.1% | — |
| Revenue YoY | 5.3% | -12.4% |
| Net Profit YoY | 5.9% | — |
| EPS (diluted) | $3.13 | — |
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 | $308.1M | $789.0M | ||
| Q3 25 | $261.1M | $783.0M | ||
| Q2 25 | $247.5M | $776.0M | ||
| Q1 25 | $289.3M | $705.0M | ||
| Q4 24 | $292.6M | $739.0M | ||
| Q3 24 | $238.3M | $731.0M | ||
| Q2 24 | $227.5M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $67.0M | ||
| Q3 25 | $16.3M | $100.0M | ||
| Q2 25 | $41.5M | $91.0M | ||
| Q1 25 | $71.6M | $67.0M | ||
| Q4 24 | $81.9M | $81.0M | ||
| Q3 24 | $41.5M | $88.0M | ||
| Q2 24 | $34.9M | $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 | 35.1% | 15.0% | ||
| Q3 25 | 6.9% | 19.9% | ||
| Q2 25 | 20.9% | 17.9% | ||
| Q1 25 | 30.4% | 15.5% | ||
| Q4 24 | 34.2% | 15.6% | ||
| Q3 24 | 20.2% | 17.8% | ||
| Q2 24 | 18.8% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 28.1% | 8.5% | ||
| Q3 25 | 6.2% | 12.8% | ||
| Q2 25 | 16.8% | 11.7% | ||
| Q1 25 | 24.8% | 9.5% | ||
| Q4 24 | 28.0% | 11.0% | ||
| Q3 24 | 17.4% | 12.0% | ||
| Q2 24 | 15.3% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $3.13 | $0.33 | ||
| Q3 25 | $0.58 | $0.49 | ||
| Q2 25 | $1.48 | $0.45 | ||
| Q1 25 | $2.52 | $0.33 | ||
| Q4 24 | $2.83 | $0.40 | ||
| Q3 24 | $1.42 | $0.44 | ||
| Q2 24 | $1.19 | $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 | $111.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $746.9M | — |
| Total Assets | $992.3M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $111.8M | $295.0M | ||
| Q3 25 | $97.3M | $255.0M | ||
| Q2 25 | $192.3M | $272.0M | ||
| Q1 25 | $144.5M | $267.0M | ||
| Q4 24 | $324.6M | $298.0M | ||
| Q3 24 | $263.6M | $327.0M | ||
| Q2 24 | $241.3M | $295.0M |
| Q1 26 | — | — | ||
| 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 | — | — | ||
| Q4 25 | $746.9M | $1.3B | ||
| Q3 25 | $758.0M | $1.2B | ||
| Q2 25 | $778.0M | $1.1B | ||
| Q1 25 | $780.7M | $970.0M | ||
| Q4 24 | $783.9M | $904.0M | ||
| Q3 24 | $764.1M | $872.0M | ||
| Q2 24 | $759.2M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $992.3M | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.9B | ||
| Q1 25 | $1.0B | $2.9B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $992.9M | $2.9B | ||
| Q2 24 | $992.7M | $2.7B |
| Q1 26 | — | — | ||
| 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× |
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 | $130.5M | — |
| Free Cash FlowOCF − Capex | $122.9M | — |
| FCF MarginFCF / Revenue | 39.9% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $130.5M | $144.0M | ||
| Q3 25 | $-48.6M | $155.0M | ||
| Q2 25 | $124.0M | $147.0M | ||
| Q1 25 | $67.6M | $154.0M | ||
| Q4 24 | $135.8M | $130.0M | ||
| Q3 24 | $-29.4M | $150.0M | ||
| Q2 24 | $98.6M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $122.9M | $86.0M | ||
| Q3 25 | $-58.3M | $109.0M | ||
| Q2 25 | $115.4M | $105.0M | ||
| Q1 25 | $58.7M | $103.0M | ||
| Q4 24 | $126.1M | $72.0M | ||
| Q3 24 | $-39.0M | $84.0M | ||
| Q2 24 | $89.6M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 10.9% | ||
| Q3 25 | -22.3% | 13.9% | ||
| Q2 25 | 46.6% | 13.5% | ||
| Q1 25 | 20.3% | 14.6% | ||
| Q4 24 | 43.1% | 9.7% | ||
| Q3 24 | -16.3% | 11.5% | ||
| Q2 24 | 39.4% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 7.4% | ||
| Q3 25 | 3.7% | 5.9% | ||
| Q2 25 | 3.5% | 5.4% | ||
| Q1 25 | 3.1% | 7.2% | ||
| Q4 24 | 3.3% | 7.8% | ||
| Q3 24 | 4.0% | 9.0% | ||
| Q2 24 | 3.9% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.50× | 2.15× | ||
| Q3 25 | -2.99× | 1.55× | ||
| Q2 25 | 2.98× | 1.62× | ||
| Q1 25 | 0.94× | 2.30× | ||
| Q4 24 | 1.66× | 1.60× | ||
| Q3 24 | -0.71× | 1.70× | ||
| Q2 24 | 2.83× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
