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Side-by-side financial comparison of Upland Software, Inc. (UPLD) and UNITED STATES LIME & MINERALS INC (USLM). Click either name above to swap in a different company.

UNITED STATES LIME & MINERALS INC is the larger business by last-quarter revenue ($87.9M vs $49.3M, roughly 1.8× Upland Software, Inc.). On growth, UNITED STATES LIME & MINERALS INC posted the faster year-over-year revenue change (9.8% vs -27.5%). UNITED STATES LIME & MINERALS INC produced more free cash flow last quarter ($25.7M vs $7.2M). Over the past eight quarters, UNITED STATES LIME & MINERALS INC's revenue compounded faster (10.8% CAGR vs -16.5%).

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

United States Lime & Minerals Inc is a leading US-based natural resources enterprise that produces high-calcium lime, dolomitic lime, limestone and related mineral products. Its core client segments cover infrastructure construction, steel manufacturing, agricultural soil amendment, environmental emission control and industrial processing, serving customers across North America.

UPLD vs USLM — Head-to-Head

Bigger by revenue
USLM
USLM
1.8× larger
USLM
$87.9M
$49.3M
UPLD
Growing faster (revenue YoY)
USLM
USLM
+37.4% gap
USLM
9.8%
-27.5%
UPLD
More free cash flow
USLM
USLM
$18.4M more FCF
USLM
$25.7M
$7.2M
UPLD
Faster 2-yr revenue CAGR
USLM
USLM
Annualised
USLM
10.8%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
UPLD
UPLD
USLM
USLM
Revenue
$49.3M
$87.9M
Net Profit
$30.5M
Gross Margin
76.5%
48.0%
Operating Margin
14.5%
41.0%
Net Margin
34.7%
Revenue YoY
-27.5%
9.8%
Net Profit YoY
13.2%
EPS (diluted)
$0.01
$1.06

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
UPLD
UPLD
USLM
USLM
Q4 25
$49.3M
$87.9M
Q3 25
$50.5M
$102.0M
Q2 25
$53.4M
$91.5M
Q1 25
$63.7M
$91.3M
Q4 24
$68.0M
$80.1M
Q3 24
$66.7M
$89.4M
Q2 24
$69.3M
$76.5M
Q1 24
$70.7M
$71.7M
Net Profit
UPLD
UPLD
USLM
USLM
Q4 25
$30.5M
Q3 25
$-1.1M
$38.8M
Q2 25
$-13.0M
$30.8M
Q1 25
$-25.8M
$34.1M
Q4 24
$27.0M
Q3 24
$-1.7M
$33.4M
Q2 24
$-11.4M
$26.1M
Q1 24
$-96.1M
$22.4M
Gross Margin
UPLD
UPLD
USLM
USLM
Q4 25
76.5%
48.0%
Q3 25
76.9%
51.2%
Q2 25
74.8%
45.8%
Q1 25
71.6%
50.6%
Q4 24
70.8%
44.3%
Q3 24
70.5%
48.2%
Q2 24
70.5%
45.5%
Q1 24
70.2%
42.7%
Operating Margin
UPLD
UPLD
USLM
USLM
Q4 25
14.5%
41.0%
Q3 25
10.6%
45.3%
Q2 25
-13.2%
39.0%
Q1 25
-1.7%
43.7%
Q4 24
-2.9%
38.8%
Q3 24
-5.0%
42.6%
Q2 24
-7.7%
39.1%
Q1 24
-129.6%
35.9%
Net Margin
UPLD
UPLD
USLM
USLM
Q4 25
34.7%
Q3 25
-2.2%
38.0%
Q2 25
-24.4%
33.7%
Q1 25
-40.6%
37.4%
Q4 24
33.7%
Q3 24
-2.6%
37.3%
Q2 24
-16.5%
34.0%
Q1 24
-135.9%
31.3%
EPS (diluted)
UPLD
UPLD
USLM
USLM
Q4 25
$0.01
$1.06
Q3 25
$-0.09
$1.35
Q2 25
$-0.51
$1.07
Q1 25
$-0.97
$1.19
Q4 24
$-0.30
$-2.20
Q3 24
$-0.12
$1.16
Q2 24
$-0.47
$0.91
Q1 24
$-3.37
$3.92

Balance Sheet & Financial Strength

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

Metric
UPLD
UPLD
USLM
USLM
Cash + ST InvestmentsLiquidity on hand
$29.4M
$371.1M
Total DebtLower is stronger
$232.4M
$0
Stockholders' EquityBook value
$-48.4M
$630.8M
Total Assets
$413.2M
$681.0M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UPLD
UPLD
USLM
USLM
Q4 25
$29.4M
$371.1M
Q3 25
$22.8M
$349.5M
Q2 25
$41.0M
$319.9M
Q1 25
$33.7M
$300.6M
Q4 24
$56.4M
$278.0M
Q3 24
$59.7M
$255.0M
Q2 24
$232.4M
$222.5M
Q1 24
$231.6M
$207.0M
Total Debt
UPLD
UPLD
USLM
USLM
Q4 25
$232.4M
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$290.2M
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
UPLD
UPLD
USLM
USLM
Q4 25
$-48.4M
$630.8M
Q3 25
$-47.3M
$602.3M
Q2 25
$-42.4M
$563.3M
Q1 25
$-37.8M
$532.2M
Q4 24
$-18.3M
$497.7M
Q3 24
$907.0K
$474.2M
Q2 24
$6.5M
$441.1M
Q1 24
$20.1M
$415.3M
Total Assets
UPLD
UPLD
USLM
USLM
Q4 25
$413.2M
$681.0M
Q3 25
$409.1M
$652.8M
Q2 25
$441.7M
$607.4M
Q1 25
$457.0M
$585.3M
Q4 24
$529.5M
$543.2M
Q3 24
$554.9M
$521.8M
Q2 24
$739.9M
$484.2M
Q1 24
$754.9M
$464.0M
Debt / Equity
UPLD
UPLD
USLM
USLM
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
UPLD
UPLD
USLM
USLM
Operating Cash FlowLast quarter
$7.3M
$45.6M
Free Cash FlowOCF − Capex
$7.2M
$25.7M
FCF MarginFCF / Revenue
14.7%
29.2%
Capex IntensityCapex / Revenue
0.2%
22.6%
Cash ConversionOCF / Net Profit
1.49×
TTM Free Cash FlowTrailing 4 quarters
$24.4M
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UPLD
UPLD
USLM
USLM
Q4 25
$7.3M
$45.6M
Q3 25
$6.9M
$45.9M
Q2 25
$3.3M
$34.0M
Q1 25
$8.3M
$39.4M
Q4 24
$9.3M
$38.6M
Q3 24
$4.3M
$39.0M
Q2 24
$5.5M
$21.2M
Q1 24
$5.1M
$27.2M
Free Cash Flow
UPLD
UPLD
USLM
USLM
Q4 25
$7.2M
$25.7M
Q3 25
$6.7M
$31.3M
Q2 25
$2.7M
$20.8M
Q1 25
$7.9M
$24.6M
Q4 24
$9.0M
$27.6M
Q3 24
$4.2M
$33.9M
Q2 24
$5.2M
$16.8M
Q1 24
$4.9M
$20.3M
FCF Margin
UPLD
UPLD
USLM
USLM
Q4 25
14.7%
29.2%
Q3 25
13.2%
30.7%
Q2 25
5.0%
22.7%
Q1 25
12.4%
26.9%
Q4 24
13.3%
34.4%
Q3 24
6.3%
37.9%
Q2 24
7.5%
21.9%
Q1 24
7.0%
28.4%
Capex Intensity
UPLD
UPLD
USLM
USLM
Q4 25
0.2%
22.6%
Q3 25
0.4%
14.4%
Q2 25
1.2%
14.5%
Q1 25
0.7%
16.3%
Q4 24
0.5%
13.8%
Q3 24
0.2%
5.8%
Q2 24
0.4%
5.7%
Q1 24
0.3%
9.5%
Cash Conversion
UPLD
UPLD
USLM
USLM
Q4 25
1.49×
Q3 25
1.18×
Q2 25
1.10×
Q1 25
1.16×
Q4 24
1.43×
Q3 24
1.17×
Q2 24
0.81×
Q1 24
1.21×

Financial Flow Comparison

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

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