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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $110.6M, roughly 1.3× American Assets Trust, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 6.1%, a 19.1% gap on every dollar of revenue. On growth, American Assets Trust, Inc. posted the faster year-over-year revenue change (1.8% vs -14.5%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -5.3%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
AAT vs OLED — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $142.2M |
| Net Profit | $6.7M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 23.4% | 30.1% |
| Net Margin | 6.1% | 25.2% |
| Revenue YoY | 1.8% | -14.5% |
| Net Profit YoY | -16.3% | -44.3% |
| EPS (diluted) | $0.08 | $0.76 |
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 | $110.6M | $142.2M | ||
| Q4 25 | $110.1M | $172.9M | ||
| Q3 25 | $109.6M | $139.6M | ||
| Q2 25 | $107.9M | $171.8M | ||
| Q1 25 | $108.6M | $166.3M | ||
| Q4 24 | $113.5M | $162.3M | ||
| Q3 24 | $122.8M | $161.6M | ||
| Q2 24 | $110.9M | $158.5M |
| Q1 26 | $6.7M | $35.9M | ||
| Q4 25 | — | $66.3M | ||
| Q3 25 | $4.5M | $44.0M | ||
| Q2 25 | $5.5M | $67.3M | ||
| Q1 25 | $42.5M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $16.7M | $66.9M | ||
| Q2 24 | $11.9M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 59.4% | 76.1% | ||
| Q3 25 | 60.5% | 74.6% | ||
| Q2 25 | 62.6% | 77.2% | ||
| Q1 25 | 62.0% | 77.1% | ||
| Q4 24 | 61.3% | 77.0% | ||
| Q3 24 | 65.5% | 77.8% | ||
| Q2 24 | 63.6% | 75.8% |
| Q1 26 | 23.4% | 30.1% | ||
| Q4 25 | 21.1% | 38.9% | ||
| Q3 25 | 22.6% | 30.9% | ||
| Q2 25 | 24.1% | 39.9% | ||
| Q1 25 | 66.3% | 41.9% | ||
| Q4 24 | 26.5% | 32.3% | ||
| Q3 24 | 30.8% | 41.5% | ||
| Q2 24 | 27.8% | 35.6% |
| Q1 26 | 6.1% | 25.2% | ||
| Q4 25 | — | 38.4% | ||
| Q3 25 | 4.1% | 31.5% | ||
| Q2 25 | 5.1% | 39.2% | ||
| Q1 25 | 39.2% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | 13.6% | 41.4% | ||
| Q2 24 | 10.7% | 33.0% |
| Q1 26 | $0.08 | $0.76 | ||
| Q4 25 | $0.06 | $1.40 | ||
| Q3 25 | $0.07 | $0.92 | ||
| Q2 25 | $0.09 | $1.41 | ||
| Q1 25 | $0.70 | $1.35 | ||
| Q4 24 | $0.14 | $0.96 | ||
| Q3 24 | $0.28 | $1.40 | ||
| Q2 24 | $0.20 | $1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $2.9B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | $516.4M | ||
| Q4 25 | $129.4M | $602.4M | ||
| Q3 25 | $138.7M | $603.0M | ||
| Q2 25 | $143.7M | $525.2M | ||
| Q1 25 | $143.9M | $571.3M | ||
| Q4 24 | $425.7M | $492.7M | ||
| Q3 24 | $533.0M | $551.6M | ||
| Q2 24 | $114.9M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.5B |
| Q1 26 | $2.9B | $1.9B | ||
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $3.0B | $1.9B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.3B | $1.8B | ||
| Q3 24 | $3.4B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 14.5% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $167.1M | $31.1M | ||
| Q3 25 | $40.5M | $97.2M | ||
| Q2 25 | $49.2M | $51.9M | ||
| Q1 25 | $36.9M | $30.6M | ||
| Q4 24 | $207.1M | $34.7M | ||
| Q3 24 | $52.4M | $79.9M | ||
| Q2 24 | $59.3M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $15.1M | ||
| Q3 25 | $23.1M | $84.3M | ||
| Q2 25 | $28.4M | $37.5M | ||
| Q1 25 | $20.4M | $17.5M | ||
| Q4 24 | $136.9M | $22.0M | ||
| Q3 24 | $28.0M | $66.2M | ||
| Q2 24 | $43.6M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 8.7% | ||
| Q3 25 | 21.1% | 60.4% | ||
| Q2 25 | 26.3% | 21.8% | ||
| Q1 25 | 18.8% | 10.5% | ||
| Q4 24 | 120.7% | 13.6% | ||
| Q3 24 | 22.8% | 41.0% | ||
| Q2 24 | 39.3% | 36.5% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 9.3% | ||
| Q3 25 | 15.9% | 9.2% | ||
| Q2 25 | 19.3% | 8.4% | ||
| Q1 25 | 15.1% | 7.9% | ||
| Q4 24 | 61.9% | 7.8% | ||
| Q3 24 | 19.9% | 8.4% | ||
| Q2 24 | 14.1% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 8.98× | 2.21× | ||
| Q2 25 | 9.01× | 0.77× | ||
| Q1 25 | 0.87× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 3.15× | 1.19× | ||
| Q2 24 | 4.98× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
