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Side-by-side financial comparison of UL Solutions Inc. (ULS) and Wingstop Inc. (WING). Click either name above to swap in a different company.

UL Solutions Inc. is the larger business by last-quarter revenue ($340.0M vs $183.7M, roughly 1.9× Wingstop Inc.). On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -12.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -31.8%).

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.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

ULS vs WING — Head-to-Head

Bigger by revenue
ULS
ULS
1.9× larger
ULS
$340.0M
$183.7M
WING
Growing faster (revenue YoY)
WING
WING
+19.8% gap
WING
7.4%
-12.4%
ULS
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
-31.8%
ULS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ULS
ULS
WING
WING
Revenue
$340.0M
$183.7M
Net Profit
$29.9M
Gross Margin
86.5%
Operating Margin
24.4%
27.4%
Net Margin
16.3%
Revenue YoY
-12.4%
7.4%
Net Profit YoY
EPS (diluted)
$1.08

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.

Revenue
ULS
ULS
WING
WING
Q1 26
$340.0M
$183.7M
Q4 25
$789.0M
$175.7M
Q3 25
$783.0M
$175.7M
Q2 25
$776.0M
$174.3M
Q1 25
$705.0M
$171.1M
Q4 24
$739.0M
$161.8M
Q3 24
$731.0M
$162.5M
Q2 24
$730.0M
$155.7M
Net Profit
ULS
ULS
WING
WING
Q1 26
$29.9M
Q4 25
$67.0M
$26.8M
Q3 25
$100.0M
$28.5M
Q2 25
$91.0M
$26.8M
Q1 25
$67.0M
$92.3M
Q4 24
$81.0M
$26.8M
Q3 24
$88.0M
$25.7M
Q2 24
$101.0M
$27.5M
Gross Margin
ULS
ULS
WING
WING
Q1 26
86.5%
Q4 25
49.7%
Q3 25
50.3%
Q2 25
49.4%
Q1 25
48.4%
Q4 24
47.4%
85.6%
Q3 24
49.0%
85.0%
Q2 24
50.1%
85.4%
Operating Margin
ULS
ULS
WING
WING
Q1 26
24.4%
27.4%
Q4 25
15.0%
26.7%
Q3 25
19.9%
27.9%
Q2 25
17.9%
25.9%
Q1 25
15.5%
22.4%
Q4 24
15.6%
25.9%
Q3 24
17.8%
24.5%
Q2 24
17.3%
26.5%
Net Margin
ULS
ULS
WING
WING
Q1 26
16.3%
Q4 25
8.5%
15.2%
Q3 25
12.8%
16.2%
Q2 25
11.7%
15.4%
Q1 25
9.5%
53.9%
Q4 24
11.0%
16.5%
Q3 24
12.0%
15.8%
Q2 24
13.8%
17.7%
EPS (diluted)
ULS
ULS
WING
WING
Q1 26
$1.08
Q4 25
$0.33
$0.99
Q3 25
$0.49
$1.02
Q2 25
$0.45
$0.96
Q1 25
$0.33
$3.24
Q4 24
$0.40
$0.91
Q3 24
$0.44
$0.88
Q2 24
$0.50
$0.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ULS
ULS
WING
WING
Cash + ST InvestmentsLiquidity on hand
$128.8M
Total DebtLower is stronger
Stockholders' EquityBook value
Total Assets
$648.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ULS
ULS
WING
WING
Q1 26
$128.8M
Q4 25
$295.0M
$196.6M
Q3 25
$255.0M
$237.6M
Q2 25
$272.0M
$227.9M
Q1 25
$267.0M
$251.4M
Q4 24
$298.0M
$315.9M
Q3 24
$327.0M
$84.0M
Q2 24
$295.0M
$96.7M
Total Debt
ULS
ULS
WING
WING
Q1 26
Q4 25
$491.0M
$1.2B
Q3 25
$544.0M
Q2 25
$608.0M
Q1 25
$653.0M
Q4 24
$742.0M
$1.2B
Q3 24
$797.0M
Q2 24
$810.0M
Stockholders' Equity
ULS
ULS
WING
WING
Q1 26
Q4 25
$1.3B
$-736.8M
Q3 25
$1.2B
$-702.6M
Q2 25
$1.1B
$-686.0M
Q1 25
$970.0M
$-715.0M
Q4 24
$904.0M
$-675.6M
Q3 24
$872.0M
$-447.5M
Q2 24
$769.0M
$-437.5M
Total Assets
ULS
ULS
WING
WING
Q1 26
$648.9M
Q4 25
$2.9B
$693.4M
Q3 25
$2.9B
$721.0M
Q2 25
$2.9B
$708.3M
Q1 25
$2.9B
$696.8M
Q4 24
$2.8B
$716.2M
Q3 24
$2.9B
$484.8M
Q2 24
$2.7B
$451.8M
Debt / Equity
ULS
ULS
WING
WING
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ULS
ULS

Segment breakdown not available.

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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