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Side-by-side financial comparison of Qnity Electronics, Inc. (Q) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $340.0M, roughly 3.9× UL Solutions Inc.). On growth, Qnity Electronics, Inc. posted the faster year-over-year revenue change (10.5% vs -12.4%).
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.
Q vs ULS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $340.0M |
| Net Profit | $162.0M | — |
| Gross Margin | 47.0% | — |
| Operating Margin | — | 24.4% |
| Net Margin | 12.3% | — |
| Revenue YoY | 10.5% | -12.4% |
| Net Profit YoY | 48.6% | — |
| EPS (diluted) | $0.72 | — |
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 | $1.3B | $340.0M | ||
| Q4 25 | — | $789.0M | ||
| Q3 25 | $1.3B | $783.0M | ||
| Q2 25 | — | $776.0M | ||
| Q1 25 | — | $705.0M | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | $1.1B | $731.0M | ||
| Q2 24 | — | $730.0M |
| Q1 26 | $162.0M | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | $211.0M | $100.0M | ||
| Q2 25 | — | $91.0M | ||
| Q1 25 | — | $67.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $199.0M | $88.0M | ||
| Q2 24 | — | $101.0M |
| Q1 26 | 47.0% | — | ||
| Q4 25 | — | 49.7% | ||
| Q3 25 | 45.1% | 50.3% | ||
| Q2 25 | — | 49.4% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 47.4% | ||
| Q3 24 | 47.0% | 49.0% | ||
| Q2 24 | — | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | — | 15.0% | ||
| Q3 25 | 21.3% | 19.9% | ||
| Q2 25 | — | 17.9% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 21.8% | 17.8% | ||
| Q2 24 | — | 17.3% |
| Q1 26 | 12.3% | — | ||
| Q4 25 | — | 8.5% | ||
| Q3 25 | 16.5% | 12.8% | ||
| Q2 25 | — | 11.7% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 17.3% | 12.0% | ||
| Q2 24 | — | 13.8% |
| Q1 26 | $0.72 | — | ||
| Q4 25 | — | $0.33 | ||
| Q3 25 | $1.01 | $0.49 | ||
| Q2 25 | — | $0.45 | ||
| Q1 25 | — | $0.33 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $0.95 | $0.44 | ||
| Q2 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 | $857.0M | — |
| Total DebtLower is stronger | $4.0B | — |
| Stockholders' EquityBook value | $7.5B | — |
| Total Assets | $14.1B | — |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $857.0M | — | ||
| Q4 25 | — | $295.0M | ||
| Q3 25 | $128.0M | $255.0M | ||
| Q2 25 | — | $272.0M | ||
| Q1 25 | — | $267.0M | ||
| Q4 24 | — | $298.0M | ||
| Q3 24 | — | $327.0M | ||
| Q2 24 | — | $295.0M |
| Q1 26 | $4.0B | — | ||
| Q4 25 | — | $491.0M | ||
| Q3 25 | $1.7B | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | — | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M |
| Q1 26 | $7.5B | — | ||
| Q4 25 | — | $1.3B | ||
| Q3 25 | $9.1B | $1.2B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $970.0M | ||
| Q4 24 | — | $904.0M | ||
| Q3 24 | $11.1B | $872.0M | ||
| Q2 24 | — | $769.0M |
| Q1 26 | $14.1B | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | $12.5B | $2.9B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $2.9B | ||
| Q4 24 | — | $2.8B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.7B |
| Q1 26 | 0.54× | — | ||
| Q4 25 | — | 0.39× | ||
| Q3 25 | 0.19× | 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.
