UL Solutions vs Verisk Analytics
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The short version
- Verisk Analytics is the larger business, with $3.1B of revenue in fiscal 2025 against $3.1B for UL Solutions.
- Verisk Analytics kept more of each dollar of sales as operating profit (43.7% operating margin, against 17.1%).
- Verisk Analytics turned more of its sales into free cash flow (38.8% FCF margin, against 13.2%).
- Verisk Analytics earned a higher return on the capital invested in it (35.5%, against 26.8%).
- Investors pay more for each dollar of Verisk Analytics’s earnings: a P/E of 29.8x against 29.6x for UL Solutions.
| Latest fiscal year | ULS · FY25 | VRSK · FY25 |
|---|---|---|
| Size | ||
| Market cap | $15.0B | $26.5B |
| Revenue | $3.1B | $3.1B |
| Free cash flow | $403M | $1.2B |
| Net income | $325M | $908M |
| Growth | ||
| Revenue growth | 6.4% | 6.6% |
| 5-year growth | — | 6.3% |
| Share count change | 1.0% | −1.9% |
| Profitability | ||
| Gross margin | 49.5% | 69.9% |
| Operating margin | 17.1% | 43.7% |
| Net margin | 10.7% | 29.6% |
| FCF margin | 13.2% | 38.8% |
| Return on capital | 26.8% | 35.5% |
| Return on equity | 30.0% | — |
| Balance sheet | ||
| Net debt | $196M | $2.6B |
| Net debt / EBITDA | 0.3x | 1.6x |
| Dividends and buybacks | $104M | $875M |
| Valuation & quality | ||
| P/E | 29.6x | 29.8x |
| Piotroski F-score | 7 | 7 |
Revenue
FY16
ULS —
VRSK $2.0B
FY17
ULS —
VRSK $2.1B
FY18
ULS —
VRSK $2.4B
FY19
ULS —
VRSK $2.6B
FY20
ULS —
VRSK $2.3B
FY21
ULS —
VRSK $2.5B
FY22
ULS $2.5B
VRSK $2.5B
FY23
ULS $2.7B
VRSK $2.7B
FY24
ULS $2.9B
VRSK $2.9B
FY25
ULS $3.1B
VRSK $3.1B
ULS
VRSK
Operating margin
FY16
ULS —
VRSK 38.5%
FY17
ULS —
VRSK 37.4%
FY18
ULS —
VRSK 34.8%
FY19
ULS —
VRSK 26.7%
FY20
ULS —
VRSK 42.1%
FY21
ULS —
VRSK 37.0%
FY22
ULS 16.4%
VRSK 56.3%
FY23
ULS 13.7%
VRSK 42.2%
FY24
ULS 16.1%
VRSK 43.5%
FY25
ULS 17.1%
VRSK 43.7%
ULS
VRSK
Free cash flow
FY16
ULS —
VRSK $421M
FY17
ULS —
VRSK $560M
FY18
ULS —
VRSK $703M
FY19
ULS —
VRSK $740M
FY20
ULS —
VRSK $821M
FY21
ULS —
VRSK $887M
FY22
ULS $208M
VRSK $784M
FY23
ULS $252M
VRSK $831M
FY24
ULS $287M
VRSK $920M
FY25
ULS $403M
VRSK $1.2B
ULS
VRSK
Return on capital
FY16
ULS —
VRSK 13.2%
FY17
ULS —
VRSK 15.3%
FY18
ULS —
VRSK 14.6%
FY19
ULS —
VRSK 11.1%
FY20
ULS —
VRSK 13.9%
FY21
ULS —
VRSK 11.9%
FY22
ULS —
VRSK 20.2%
FY23
ULS —
VRSK 20.3%
FY24
ULS 29.1%
VRSK 33.0%
FY25
ULS 26.8%
VRSK 35.5%
ULS
VRSK
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.