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Side-by-side financial comparison of Adobe Inc. (ADBE) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Adobe Inc. is the larger business by last-quarter revenue ($6.4B vs $172.9M, roughly 37.0× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 29.5%, a 8.8% gap on every dollar of revenue. On growth, Adobe Inc. posted the faster year-over-year revenue change (12.0% vs 6.6%). Adobe Inc. produced more free cash flow last quarter ($2.9B vs $15.1M). Over the past eight quarters, Adobe Inc.'s revenue compounded faster (9.8% CAGR vs 2.3%).
Adobe Inc., formerly Adobe Systems Incorporated, is an American multinational computer software company based in San Jose, California. It offers a wide range of programs from web design tools, photo manipulation, and vector creation to video and audio editing, mobile app development, print layout, and animation software.
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.
ADBE vs OLED — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $6.4B | $172.9M |
| Net Profit | $1.9B | $66.3M |
| Gross Margin | 89.6% | 76.1% |
| Operating Margin | 37.8% | 38.9% |
| Net Margin | 29.5% | 38.4% |
| Revenue YoY | 12.0% | 6.6% |
| Net Profit YoY | 4.3% | 44.2% |
| EPS (diluted) | $4.60 | $1.40 |
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 | $6.4B | — | ||
| Q4 25 | $6.2B | $172.9M | ||
| Q3 25 | $6.0B | $139.6M | ||
| Q2 25 | $5.9B | $171.8M | ||
| Q1 25 | $5.7B | $166.3M | ||
| Q4 24 | $5.6B | $162.3M | ||
| Q3 24 | $5.4B | $161.6M | ||
| Q2 24 | $5.3B | $158.5M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.9B | $66.3M | ||
| Q3 25 | $1.8B | $44.0M | ||
| Q2 25 | $1.7B | $67.3M | ||
| Q1 25 | $1.8B | $64.4M | ||
| Q4 24 | $1.7B | $46.0M | ||
| Q3 24 | $1.7B | $66.9M | ||
| Q2 24 | $1.6B | $52.3M |
| Q1 26 | 89.6% | — | ||
| Q4 25 | 89.5% | 76.1% | ||
| Q3 25 | 89.3% | 74.6% | ||
| Q2 25 | 89.1% | 77.2% | ||
| Q1 25 | 89.1% | 77.1% | ||
| Q4 24 | 89.0% | 77.0% | ||
| Q3 24 | 89.8% | 77.8% | ||
| Q2 24 | 88.7% | 75.8% |
| Q1 26 | 37.8% | — | ||
| Q4 25 | 36.5% | 38.9% | ||
| Q3 25 | 36.3% | 30.9% | ||
| Q2 25 | 35.9% | 39.9% | ||
| Q1 25 | 37.9% | 41.9% | ||
| Q4 24 | 34.9% | 32.3% | ||
| Q3 24 | 36.8% | 41.5% | ||
| Q2 24 | 35.5% | 35.6% |
| Q1 26 | 29.5% | — | ||
| Q4 25 | 30.0% | 38.4% | ||
| Q3 25 | 29.6% | 31.5% | ||
| Q2 25 | 28.8% | 39.2% | ||
| Q1 25 | 31.7% | 38.8% | ||
| Q4 24 | 30.0% | 28.4% | ||
| Q3 24 | 31.1% | 41.4% | ||
| Q2 24 | 29.6% | 33.0% |
| Q1 26 | $4.60 | — | ||
| Q4 25 | $4.44 | $1.40 | ||
| Q3 25 | $4.18 | $0.92 | ||
| Q2 25 | $3.94 | $1.41 | ||
| Q1 25 | $4.14 | $1.35 | ||
| Q4 24 | $3.75 | $0.96 | ||
| Q3 24 | $3.76 | $1.40 | ||
| Q2 24 | $3.49 | $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 | $6.9B | $602.4M |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $11.4B | $1.8B |
| Total Assets | $29.7B | $2.0B |
| Debt / EquityLower = less leverage | 0.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.6B | $602.4M | ||
| Q3 25 | $5.9B | $603.0M | ||
| Q2 25 | $5.7B | $525.2M | ||
| Q1 25 | $7.4B | $571.3M | ||
| Q4 24 | $7.9B | $492.7M | ||
| Q3 24 | $7.5B | $551.6M | ||
| Q2 24 | $8.1B | $530.5M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $6.2B | — | ||
| Q3 25 | $6.2B | — | ||
| Q2 25 | $6.2B | — | ||
| Q1 25 | $6.2B | — | ||
| Q4 24 | $4.1B | — | ||
| Q3 24 | $4.1B | — | ||
| Q2 24 | $4.1B | — |
| Q1 26 | $11.4B | — | ||
| Q4 25 | $11.6B | $1.8B | ||
| Q3 25 | $11.8B | $1.7B | ||
| Q2 25 | $11.4B | $1.7B | ||
| Q1 25 | $13.1B | $1.7B | ||
| Q4 24 | $14.1B | $1.6B | ||
| Q3 24 | $14.5B | $1.6B | ||
| Q2 24 | $14.8B | $1.5B |
| Q1 26 | $29.7B | — | ||
| Q4 25 | $29.5B | $2.0B | ||
| Q3 25 | $28.8B | $1.9B | ||
| Q2 25 | $28.1B | $1.9B | ||
| Q1 25 | $30.0B | $1.9B | ||
| Q4 24 | $30.2B | $1.8B | ||
| Q3 24 | $29.8B | $1.8B | ||
| Q2 24 | $30.0B | $1.8B |
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.53× | — | ||
| Q3 25 | 0.53× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 0.28× | — | ||
| Q2 24 | 0.28× | — |
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 | $3.0B | $31.1M |
| Free Cash FlowOCF − Capex | $2.9B | $15.1M |
| FCF MarginFCF / Revenue | 45.7% | 8.7% |
| Capex IntensityCapex / Revenue | 0.6% | 9.3% |
| Cash ConversionOCF / Net Profit | 1.57× | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | $10.3B | $154.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.2B | $31.1M | ||
| Q3 25 | $2.2B | $97.2M | ||
| Q2 25 | $2.2B | $51.9M | ||
| Q1 25 | $2.5B | $30.6M | ||
| Q4 24 | — | $34.7M | ||
| Q3 24 | $2.0B | $79.9M | ||
| Q2 24 | $1.9B | $67.0M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $3.1B | $15.1M | ||
| Q3 25 | $2.1B | $84.3M | ||
| Q2 25 | $2.1B | $37.5M | ||
| Q1 25 | $2.5B | $17.5M | ||
| Q4 24 | — | $22.0M | ||
| Q3 24 | $2.0B | $66.2M | ||
| Q2 24 | $1.9B | $57.9M |
| Q1 26 | 45.7% | — | ||
| Q4 25 | 50.5% | 8.7% | ||
| Q3 25 | 35.5% | 60.4% | ||
| Q2 25 | 36.5% | 21.8% | ||
| Q1 25 | 43.0% | 10.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 36.3% | 41.0% | ||
| Q2 24 | 35.8% | 36.5% |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 0.5% | 9.3% | ||
| Q3 25 | 1.2% | 9.2% | ||
| Q2 25 | 0.8% | 8.4% | ||
| Q1 25 | 0.5% | 7.9% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 1.1% | 8.4% | ||
| Q2 24 | 0.8% | 5.8% |
| Q1 26 | 1.57× | — | ||
| Q4 25 | 1.70× | 0.47× | ||
| Q3 25 | 1.24× | 2.21× | ||
| Q2 25 | 1.30× | 0.77× | ||
| Q1 25 | 1.37× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 1.20× | 1.19× | ||
| Q2 24 | 1.23× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADBE
| Subscription Revenue | $6.2B | 97% |
| Service Other | $110.0M | 2% |
| Products | $90.0M | 1% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
