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Side-by-side financial comparison of UNISYS CORP (UIS) and UL Solutions Inc. (ULS). Click either name above to swap in a different company.
UNISYS CORP is the larger business by last-quarter revenue ($574.5M vs $340.0M, roughly 1.7× UL Solutions Inc.). On growth, UNISYS CORP posted the faster year-over-year revenue change (5.3% vs -12.4%). Over the past eight quarters, UNISYS CORP's revenue compounded faster (8.5% CAGR vs -31.8%).
Unisys Corporation is a technology company founded in 1986 and headquartered in Blue Bell, Pennsylvania. The company provides cloud, AI, digital workplace, logistics, and enterprise computing services.
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.
UIS vs ULS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $574.5M | $340.0M |
| Net Profit | $18.7M | — |
| Gross Margin | 33.9% | — |
| Operating Margin | 13.3% | 24.4% |
| Net Margin | 3.3% | — |
| Revenue YoY | 5.3% | -12.4% |
| Net Profit YoY | -37.7% | — |
| EPS (diluted) | $0.24 | — |
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 | $574.5M | $789.0M | ||
| Q3 25 | $460.2M | $783.0M | ||
| Q2 25 | $483.3M | $776.0M | ||
| Q1 25 | $432.1M | $705.0M | ||
| Q4 24 | $545.4M | $739.0M | ||
| Q3 24 | $497.0M | $731.0M | ||
| Q2 24 | $478.2M | $730.0M |
| Q1 26 | — | — | ||
| Q4 25 | $18.7M | $67.0M | ||
| Q3 25 | $-308.9M | $100.0M | ||
| Q2 25 | $-20.1M | $91.0M | ||
| Q1 25 | $-29.5M | $67.0M | ||
| Q4 24 | $30.0M | $81.0M | ||
| Q3 24 | $-61.9M | $88.0M | ||
| Q2 24 | $-12.0M | $101.0M |
| Q1 26 | — | — | ||
| Q4 25 | 33.9% | 49.7% | ||
| Q3 25 | 25.5% | 50.3% | ||
| Q2 25 | 26.9% | 49.4% | ||
| Q1 25 | 24.9% | 48.4% | ||
| Q4 24 | 32.1% | 47.4% | ||
| Q3 24 | 29.2% | 49.0% | ||
| Q2 24 | 27.2% | 50.1% |
| Q1 26 | — | 24.4% | ||
| Q4 25 | 13.3% | 15.0% | ||
| Q3 25 | -7.3% | 19.9% | ||
| Q2 25 | 6.3% | 17.9% | ||
| Q1 25 | 1.2% | 15.5% | ||
| Q4 24 | 8.9% | 15.6% | ||
| Q3 24 | 1.5% | 17.8% | ||
| Q2 24 | 4.9% | 17.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 8.5% | ||
| Q3 25 | -67.1% | 12.8% | ||
| Q2 25 | -4.2% | 11.7% | ||
| Q1 25 | -6.8% | 9.5% | ||
| Q4 24 | 5.5% | 11.0% | ||
| Q3 24 | -12.5% | 12.0% | ||
| Q2 24 | -2.5% | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | $0.24 | $0.33 | ||
| Q3 25 | $-4.33 | $0.49 | ||
| Q2 25 | $-0.28 | $0.45 | ||
| Q1 25 | $-0.42 | $0.33 | ||
| Q4 24 | $0.45 | $0.40 | ||
| Q3 24 | $-0.89 | $0.44 | ||
| Q2 24 | $-0.17 | $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 | $413.9M | — |
| Total DebtLower is stronger | $729.0M | — |
| Stockholders' EquityBook value | $-282.6M | — |
| Total Assets | $1.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $413.9M | $295.0M | ||
| Q3 25 | $321.9M | $255.0M | ||
| Q2 25 | $300.8M | $272.0M | ||
| Q1 25 | $393.1M | $267.0M | ||
| Q4 24 | $376.5M | $298.0M | ||
| Q3 24 | $373.7M | $327.0M | ||
| Q2 24 | $344.9M | $295.0M |
| Q1 26 | — | — | ||
| Q4 25 | $729.0M | $491.0M | ||
| Q3 25 | $723.2M | $544.0M | ||
| Q2 25 | $692.7M | $608.0M | ||
| Q1 25 | $488.3M | $653.0M | ||
| Q4 24 | $488.2M | $742.0M | ||
| Q3 24 | $488.5M | $797.0M | ||
| Q2 24 | $489.2M | $810.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-282.6M | $1.3B | ||
| Q3 25 | $-300.2M | $1.2B | ||
| Q2 25 | $-221.5M | $1.1B | ||
| Q1 25 | $-267.8M | $970.0M | ||
| Q4 24 | $-283.4M | $904.0M | ||
| Q3 24 | $-202.2M | $872.0M | ||
| Q2 24 | $-174.1M | $769.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.7B | $2.9B | ||
| Q2 25 | $1.8B | $2.9B | ||
| Q1 25 | $1.8B | $2.9B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.9B | $2.9B | ||
| Q2 24 | $1.9B | $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 | $104.9M | — |
| Free Cash FlowOCF − Capex | $97.3M | — |
| FCF MarginFCF / Revenue | 16.9% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 5.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-170.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $104.9M | $144.0M | ||
| Q3 25 | $38.0M | $155.0M | ||
| Q2 25 | $-316.2M | $147.0M | ||
| Q1 25 | $33.3M | $154.0M | ||
| Q4 24 | $76.6M | $130.0M | ||
| Q3 24 | $32.0M | $150.0M | ||
| Q2 24 | $2.7M | $103.0M |
| Q1 26 | — | — | ||
| Q4 25 | $97.3M | $86.0M | ||
| Q3 25 | $32.4M | $109.0M | ||
| Q2 25 | $-324.1M | $105.0M | ||
| Q1 25 | $24.4M | $103.0M | ||
| Q4 24 | $66.5M | $72.0M | ||
| Q3 24 | $25.2M | $84.0M | ||
| Q2 24 | $-6.0M | $47.0M |
| Q1 26 | — | — | ||
| Q4 25 | 16.9% | 10.9% | ||
| Q3 25 | 7.0% | 13.9% | ||
| Q2 25 | -67.1% | 13.5% | ||
| Q1 25 | 5.6% | 14.6% | ||
| Q4 24 | 12.2% | 9.7% | ||
| Q3 24 | 5.1% | 11.5% | ||
| Q2 24 | -1.3% | 6.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | 7.4% | ||
| Q3 25 | 1.2% | 5.9% | ||
| Q2 25 | 1.6% | 5.4% | ||
| Q1 25 | 2.1% | 7.2% | ||
| Q4 24 | 1.9% | 7.8% | ||
| Q3 24 | 1.4% | 9.0% | ||
| Q2 24 | 1.8% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 5.61× | 2.15× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.62× | ||
| Q1 25 | — | 2.30× | ||
| Q4 24 | 2.55× | 1.60× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
