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Side-by-side financial comparison of OFG BANCORP (OFG) 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 $184.3M, roughly 1.8× OFG BANCORP). On growth, OFG BANCORP posted the faster year-over-year revenue change (0.9% vs -12.4%). Over the past eight quarters, OFG BANCORP's revenue compounded faster (2.8% CAGR vs -31.8%).
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
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.
OFG vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.3M | $340.0M |
| Net Profit | $55.9M | — |
| Gross Margin | — | — |
| Operating Margin | 25.7% | 24.4% |
| Net Margin | 30.3% | — |
| Revenue YoY | 0.9% | -12.4% |
| Net Profit YoY | 11.0% | — |
| EPS (diluted) | $1.27 | — |
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 | $184.3M | $789.0M | ||
| Q3 25 | $186.2M | $783.0M | ||
| Q2 25 | $182.4M | $776.0M | ||
| Q1 25 | $178.6M | $705.0M | ||
| Q4 24 | $182.7M | $739.0M | ||
| Q3 24 | $174.7M | $731.0M | ||
| Q2 24 | $179.8M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | $55.9M | $67.0M | ||
| Q3 25 | $51.8M | $100.0M | ||
| Q2 25 | $51.8M | $91.0M | ||
| Q1 25 | $45.6M | $67.0M | ||
| Q4 24 | $50.3M | $81.0M | ||
| Q3 24 | $47.0M | $88.0M | ||
| Q2 24 | $51.1M | $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 | 25.7% | 15.0% | ||
| Q3 25 | 33.0% | 19.9% | ||
| Q2 25 | 36.1% | 17.9% | ||
| Q1 25 | 33.3% | 15.5% | ||
| Q4 24 | 28.9% | 15.6% | ||
| Q3 24 | 35.4% | 17.8% | ||
| Q2 24 | 39.6% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 8.5% | ||
| Q3 25 | 27.8% | 12.8% | ||
| Q2 25 | 28.4% | 11.7% | ||
| Q1 25 | 25.5% | 9.5% | ||
| Q4 24 | 27.6% | 11.0% | ||
| Q3 24 | 26.9% | 12.0% | ||
| Q2 24 | 28.4% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $1.27 | $0.33 | ||
| Q3 25 | $1.16 | $0.49 | ||
| Q2 25 | $1.15 | $0.45 | ||
| Q1 25 | $1.00 | $0.33 | ||
| Q4 24 | $1.10 | $0.40 | ||
| Q3 24 | $1.00 | $0.44 | ||
| Q2 24 | $1.08 | $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 | — | — |
| Stockholders' EquityBook value | $1.4B | — |
| Total Assets | $12.5B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $295.0M | ||
| Q3 25 | $740.3M | $255.0M | ||
| Q2 25 | $851.8M | $272.0M | ||
| Q1 25 | $710.6M | $267.0M | ||
| Q4 24 | $591.1M | $298.0M | ||
| Q3 24 | $680.6M | $327.0M | ||
| Q2 24 | $740.4M | $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 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $970.0M | ||
| Q4 24 | $1.3B | $904.0M | ||
| Q3 24 | $1.3B | $872.0M | ||
| Q2 24 | $1.2B | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $12.5B | $2.9B | ||
| Q3 25 | $12.2B | $2.9B | ||
| Q2 25 | $12.2B | $2.9B | ||
| Q1 25 | $11.7B | $2.9B | ||
| Q4 24 | $11.5B | $2.8B | ||
| Q3 24 | $11.5B | $2.9B | ||
| Q2 24 | $11.3B | $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 | $217.7M | — |
| Free Cash FlowOCF − Capex | $199.3M | — |
| FCF MarginFCF / Revenue | 108.1% | — |
| Capex IntensityCapex / Revenue | 10.0% | — |
| Cash ConversionOCF / Net Profit | 3.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | $345.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $217.7M | $144.0M | ||
| Q3 25 | $39.5M | $155.0M | ||
| Q2 25 | $35.9M | $147.0M | ||
| Q1 25 | $83.1M | $154.0M | ||
| Q4 24 | $252.5M | $130.0M | ||
| Q3 24 | $58.1M | $150.0M | ||
| Q2 24 | $95.1M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $199.3M | $86.0M | ||
| Q3 25 | $35.5M | $109.0M | ||
| Q2 25 | $31.8M | $105.0M | ||
| Q1 25 | $78.7M | $103.0M | ||
| Q4 24 | $231.2M | $72.0M | ||
| Q3 24 | $51.8M | $84.0M | ||
| Q2 24 | $90.4M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 108.1% | 10.9% | ||
| Q3 25 | 19.1% | 13.9% | ||
| Q2 25 | 17.4% | 13.5% | ||
| Q1 25 | 44.1% | 14.6% | ||
| Q4 24 | 126.5% | 9.7% | ||
| Q3 24 | 29.6% | 11.5% | ||
| Q2 24 | 50.3% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 10.0% | 7.4% | ||
| Q3 25 | 2.1% | 5.9% | ||
| Q2 25 | 2.3% | 5.4% | ||
| Q1 25 | 2.4% | 7.2% | ||
| Q4 24 | 11.7% | 7.8% | ||
| Q3 24 | 3.6% | 9.0% | ||
| Q2 24 | 2.6% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.90× | 2.15× | ||
| Q3 25 | 0.76× | 1.55× | ||
| Q2 25 | 0.69× | 1.62× | ||
| Q1 25 | 1.82× | 2.30× | ||
| Q4 24 | 5.02× | 1.60× | ||
| Q3 24 | 1.24× | 1.70× | ||
| Q2 24 | 1.86× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
