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Side-by-side financial comparison of Root, Inc. (ROOT) 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 ($789.0M vs $397.0M, roughly 2.0× Root, Inc.). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 6.8%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% CAGR vs 8.5%).
Root Insurance Company is an online car insurance company operating in the United States.
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.
ROOT vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $397.0M | $789.0M |
| Net Profit | — | $67.0M |
| Gross Margin | — | 49.7% |
| Operating Margin | 2.6% | 15.0% |
| Net Margin | — | 8.5% |
| Revenue YoY | 21.5% | 6.8% |
| Net Profit YoY | — | -17.3% |
| EPS (diluted) | $0.35 | $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 | $397.0M | $789.0M | ||
| Q3 25 | $387.8M | $783.0M | ||
| Q2 25 | $382.9M | $776.0M | ||
| Q1 25 | $349.4M | $705.0M | ||
| Q4 24 | $326.7M | $739.0M | ||
| Q3 24 | $305.7M | $731.0M | ||
| Q2 24 | $289.2M | $730.0M | ||
| Q1 24 | $254.9M | $670.0M |
| Q4 25 | — | $67.0M | ||
| Q3 25 | $-5.4M | $100.0M | ||
| Q2 25 | $22.0M | $91.0M | ||
| Q1 25 | $18.4M | $67.0M | ||
| Q4 24 | — | $81.0M | ||
| Q3 24 | $22.8M | $88.0M | ||
| Q2 24 | $-7.8M | $101.0M | ||
| Q1 24 | $-6.2M | $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 | 2.6% | 15.0% | ||
| Q3 25 | 0.1% | 19.9% | ||
| Q2 25 | 7.1% | 17.9% | ||
| Q1 25 | 6.8% | 15.5% | ||
| Q4 24 | 10.7% | 15.6% | ||
| Q3 24 | 11.3% | 17.8% | ||
| Q2 24 | 1.3% | 17.3% | ||
| Q1 24 | 2.1% | 13.6% |
| Q4 25 | — | 8.5% | ||
| Q3 25 | -1.4% | 12.8% | ||
| Q2 25 | 5.7% | 11.7% | ||
| Q1 25 | 5.3% | 9.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 7.5% | 12.0% | ||
| Q2 24 | -2.7% | 13.8% | ||
| Q1 24 | -2.4% | 8.4% |
| Q4 25 | $0.35 | $0.33 | ||
| Q3 25 | $-0.35 | $0.49 | ||
| Q2 25 | $1.29 | $0.45 | ||
| Q1 25 | $1.07 | $0.33 | ||
| Q4 24 | $1.42 | $0.40 | ||
| Q3 24 | $1.35 | $0.44 | ||
| Q2 24 | $-0.52 | $0.50 | ||
| Q1 24 | $-0.42 | $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 | $669.3M | $295.0M |
| Total DebtLower is stronger | $200.3M | $491.0M |
| Stockholders' EquityBook value | $284.3M | $1.3B |
| Total Assets | $1.7B | $2.9B |
| Debt / EquityLower = less leverage | 0.70× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.3M | $295.0M | ||
| Q3 25 | $653.3M | $255.0M | ||
| Q2 25 | $641.4M | $272.0M | ||
| Q1 25 | $609.4M | $267.0M | ||
| Q4 24 | $599.3M | $298.0M | ||
| Q3 24 | $674.8M | $327.0M | ||
| Q2 24 | $667.2M | $295.0M | ||
| Q1 24 | $640.5M | $344.0M |
| Q4 25 | $200.3M | $491.0M | ||
| Q3 25 | $200.4M | $544.0M | ||
| Q2 25 | $200.1M | $608.0M | ||
| Q1 25 | $200.0M | $653.0M | ||
| Q4 24 | $200.1M | $742.0M | ||
| Q3 24 | $300.9M | $797.0M | ||
| Q2 24 | $300.1M | $810.0M | ||
| Q1 24 | $299.3M | $879.0M |
| Q4 25 | $284.3M | $1.3B | ||
| Q3 25 | $265.0M | $1.2B | ||
| Q2 25 | $244.5M | $1.1B | ||
| Q1 25 | $228.7M | $970.0M | ||
| Q4 24 | $203.7M | $904.0M | ||
| Q3 24 | $181.9M | $872.0M | ||
| Q2 24 | $151.3M | $769.0M | ||
| Q1 24 | $165.7M | $671.0M |
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.6B | $2.9B | ||
| Q2 25 | $1.6B | $2.9B | ||
| Q1 25 | $1.6B | $2.9B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.5B | $2.7B | ||
| Q1 24 | $1.4B | $2.8B |
| Q4 25 | 0.70× | 0.39× | ||
| Q3 25 | 0.76× | 0.46× | ||
| Q2 25 | 0.82× | 0.56× | ||
| Q1 25 | 0.87× | 0.67× | ||
| Q4 24 | 0.98× | 0.82× | ||
| Q3 24 | 1.65× | 0.91× | ||
| Q2 24 | 1.98× | 1.05× | ||
| Q1 24 | 1.81× | 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 | $206.5M | $144.0M |
| Free Cash FlowOCF − Capex | — | $86.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | 0.0% | 7.4% |
| Cash ConversionOCF / Net Profit | — | 2.15× |
| TTM Free Cash FlowTrailing 4 quarters | — | $403.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $206.5M | $144.0M | ||
| Q3 25 | $57.6M | $155.0M | ||
| Q2 25 | $52.0M | $147.0M | ||
| Q1 25 | $26.8M | $154.0M | ||
| Q4 24 | $195.7M | $130.0M | ||
| Q3 24 | $49.4M | $150.0M | ||
| Q2 24 | $62.6M | $103.0M | ||
| Q1 24 | $14.5M | $141.0M |
| Q4 25 | — | $86.0M | ||
| Q3 25 | — | $109.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $103.0M | ||
| Q4 24 | $195.3M | $72.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | $62.4M | $47.0M | ||
| Q1 24 | $14.3M | $84.0M |
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 14.6% | ||
| Q4 24 | 59.8% | 9.7% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | 21.6% | 6.4% | ||
| Q1 24 | 5.6% | 12.5% |
| Q4 25 | 0.0% | 7.4% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | 0.0% | 5.4% | ||
| Q1 25 | 0.0% | 7.2% | ||
| Q4 24 | 0.1% | 7.8% | ||
| Q3 24 | 0.0% | 9.0% | ||
| Q2 24 | 0.1% | 7.7% | ||
| Q1 24 | 0.1% | 8.5% |
| Q4 25 | — | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | 2.36× | 1.62× | ||
| Q1 25 | 1.46× | 2.30× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | 2.17× | 1.70× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | — | 2.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROOT
Segment breakdown not available.
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
