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Side-by-side financial comparison of Primerica, Inc. (PRI) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $758.0M, roughly 1.1× UL Solutions Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 12.8%, a 10.3% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 7.5%). Over the past eight quarters, Primerica, Inc.'s revenue compounded faster (7.2% CAGR vs 1.9%).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
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.
PRI vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $758.0M |
| Net Profit | $197.0M | $97.0M |
| Gross Margin | — | 50.3% |
| Operating Margin | 28.9% | 18.2% |
| Net Margin | 23.1% | 12.8% |
| Revenue YoY | 11.0% | 7.5% |
| Net Profit YoY | 17.9% | 37.3% |
| EPS (diluted) | $6.11 | $0.45 |
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 | — | $758.0M | ||
| Q4 25 | $853.7M | $789.0M | ||
| Q3 25 | $839.9M | $783.0M | ||
| Q2 25 | $793.3M | $776.0M | ||
| Q1 25 | $804.8M | $705.0M | ||
| Q4 24 | $768.8M | $739.0M | ||
| Q3 24 | $774.1M | $731.0M | ||
| Q2 24 | $803.4M | $730.0M |
| Q1 26 | — | $97.0M | ||
| Q4 25 | $197.0M | $67.0M | ||
| Q3 25 | $206.8M | $100.0M | ||
| Q2 25 | $178.3M | $91.0M | ||
| Q1 25 | $169.1M | $67.0M | ||
| Q4 24 | $167.1M | $81.0M | ||
| Q3 24 | $164.4M | $88.0M | ||
| Q2 24 | $1.2M | $101.0M |
| Q1 26 | — | 50.3% | ||
| 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 | 98.0% | 50.1% |
| Q1 26 | — | 18.2% | ||
| Q4 25 | 28.9% | 15.0% | ||
| Q3 25 | 32.3% | 19.9% | ||
| Q2 25 | 29.6% | 17.9% | ||
| Q1 25 | 27.5% | 15.5% | ||
| Q4 24 | 64.7% | 15.6% | ||
| Q3 24 | 32.9% | 17.8% | ||
| Q2 24 | 1.0% | 17.3% |
| Q1 26 | — | 12.8% | ||
| Q4 25 | 23.1% | 8.5% | ||
| Q3 25 | 24.6% | 12.8% | ||
| Q2 25 | 22.5% | 11.7% | ||
| Q1 25 | 21.0% | 9.5% | ||
| Q4 24 | 21.7% | 11.0% | ||
| Q3 24 | 21.2% | 12.0% | ||
| Q2 24 | 0.1% | 13.8% |
| Q1 26 | — | $0.45 | ||
| Q4 25 | $6.11 | $0.33 | ||
| Q3 25 | $6.35 | $0.49 | ||
| Q2 25 | $5.40 | $0.45 | ||
| Q1 25 | $5.05 | $0.33 | ||
| Q4 24 | $4.92 | $0.40 | ||
| Q3 24 | $4.83 | $0.44 | ||
| Q2 24 | $0.03 | $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 | $756.2M | $258.0M |
| Total DebtLower is stronger | — | $357.0M |
| Stockholders' EquityBook value | $2.4B | $1.3B |
| Total Assets | $15.0B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $258.0M | ||
| Q4 25 | $756.2M | $295.0M | ||
| Q3 25 | $644.9M | $255.0M | ||
| Q2 25 | $621.2M | $272.0M | ||
| Q1 25 | $625.1M | $267.0M | ||
| Q4 24 | $687.8M | $298.0M | ||
| Q3 24 | $550.1M | $327.0M | ||
| Q2 24 | $627.3M | $295.0M |
| Q1 26 | — | $357.0M | ||
| 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 | — | $1.3B | ||
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $2.3B | $1.1B | ||
| Q1 25 | $2.3B | $970.0M | ||
| Q4 24 | $2.3B | $904.0M | ||
| Q3 24 | $1.9B | $872.0M | ||
| Q2 24 | $2.1B | $769.0M |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $15.0B | $2.9B | ||
| Q3 25 | $14.8B | $2.9B | ||
| Q2 25 | $14.8B | $2.9B | ||
| Q1 25 | $14.6B | $2.9B | ||
| Q4 24 | $14.6B | $2.8B | ||
| Q3 24 | $14.8B | $2.9B | ||
| Q2 24 | $14.6B | $2.7B |
| Q1 26 | — | 0.27× | ||
| 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 | $338.2M | $219.0M |
| Free Cash FlowOCF − Capex | — | $150.0M |
| FCF MarginFCF / Revenue | — | 19.8% |
| Capex IntensityCapex / Revenue | — | 9.1% |
| Cash ConversionOCF / Net Profit | 1.72× | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $450.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $219.0M | ||
| Q4 25 | $338.2M | $144.0M | ||
| Q3 25 | $202.9M | $155.0M | ||
| Q2 25 | $162.6M | $147.0M | ||
| Q1 25 | $197.5M | $154.0M | ||
| Q4 24 | $270.6M | $130.0M | ||
| Q3 24 | $207.3M | $150.0M | ||
| Q2 24 | $173.3M | $103.0M |
| Q1 26 | — | $150.0M | ||
| Q4 25 | — | $86.0M | ||
| Q3 25 | — | $109.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $103.0M | ||
| Q4 24 | — | $72.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $47.0M |
| Q1 26 | — | 19.8% | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | — | 9.7% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 6.4% |
| Q1 26 | — | 9.1% | ||
| Q4 25 | — | 7.4% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 5.4% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 9.0% | ||
| Q2 24 | — | 7.7% |
| Q1 26 | — | 2.26× | ||
| Q4 25 | 1.72× | 2.15× | ||
| Q3 25 | 0.98× | 1.55× | ||
| Q2 25 | 0.91× | 1.62× | ||
| Q1 25 | 1.17× | 2.30× | ||
| Q4 24 | 1.62× | 1.60× | ||
| Q3 24 | 1.26× | 1.70× | ||
| Q2 24 | 147.98× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
ULS
Segment breakdown not available.
