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Side-by-side financial comparison of Powerfleet, Inc. (AIOT) 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 $113.5M, roughly 1.3× Powerfleet, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -3.0%, a 28.2% gap on every dollar of revenue. On growth, Powerfleet, Inc. posted the faster year-over-year revenue change (6.6% vs -14.5%). Over the past eight quarters, Powerfleet, Inc.'s revenue compounded faster (81.2% CAGR vs -5.3%).
Powerfleet, Inc. is an American company headquartered in Woodcliff Lake, New Jersey, that operates as a global provider of IoT and M2M solutions for securing, controlling, and tracking high-value enterprise assets. The company is a provider in the international telematics industry, providing fleet management, asset tracking, freight visibility, and driver behavior monitoring for industrial trucks, vehicle fleets, and shipping containers.
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.
AIOT vs OLED — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.5M | $142.2M |
| Net Profit | $-3.4M | $35.9M |
| Gross Margin | 55.2% | 74.6% |
| Operating Margin | 5.6% | 30.1% |
| Net Margin | -3.0% | 25.2% |
| Revenue YoY | 6.6% | -14.5% |
| Net Profit YoY | 76.6% | -44.3% |
| EPS (diluted) | $-0.03 | $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 | — | $142.2M | ||
| Q4 25 | $113.5M | $172.9M | ||
| Q3 25 | $111.7M | $139.6M | ||
| Q2 25 | $104.1M | $171.8M | ||
| Q1 25 | $103.6M | $166.3M | ||
| Q4 24 | $106.4M | $162.3M | ||
| Q3 24 | $77.0M | $161.6M | ||
| Q2 24 | $75.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-3.4M | $66.3M | ||
| Q3 25 | $-4.3M | $44.0M | ||
| Q2 25 | $-10.2M | $67.3M | ||
| Q1 25 | $-12.4M | $64.4M | ||
| Q4 24 | $-14.3M | $46.0M | ||
| Q3 24 | $-1.9M | $66.9M | ||
| Q2 24 | $-22.3M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 55.2% | 76.1% | ||
| Q3 25 | 56.0% | 74.6% | ||
| Q2 25 | 54.2% | 77.2% | ||
| Q1 25 | 52.8% | 77.1% | ||
| Q4 24 | 55.2% | 77.0% | ||
| Q3 24 | 53.7% | 77.8% | ||
| Q2 24 | 52.6% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 5.6% | 38.9% | ||
| Q3 25 | 3.8% | 30.9% | ||
| Q2 25 | -2.0% | 39.9% | ||
| Q1 25 | -6.7% | 41.9% | ||
| Q4 24 | -1.2% | 32.3% | ||
| Q3 24 | 0.7% | 41.5% | ||
| Q2 24 | -24.2% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -3.0% | 38.4% | ||
| Q3 25 | -3.8% | 31.5% | ||
| Q2 25 | -9.8% | 39.2% | ||
| Q1 25 | -12.0% | 38.8% | ||
| Q4 24 | -13.5% | 28.4% | ||
| Q3 24 | -2.5% | 41.4% | ||
| Q2 24 | -29.6% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.03 | $1.40 | ||
| Q3 25 | $-0.03 | $0.92 | ||
| Q2 25 | $-0.08 | $1.41 | ||
| Q1 25 | $-0.09 | $1.35 | ||
| Q4 24 | $-0.11 | $0.96 | ||
| Q3 24 | $-0.02 | $1.40 | ||
| Q2 24 | $-0.21 | $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 | $31.2M | $516.4M |
| Total DebtLower is stronger | $237.8M | — |
| Stockholders' EquityBook value | $485.0M | — |
| Total Assets | $959.5M | $1.9B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $31.2M | $602.4M | ||
| Q3 25 | $27.9M | $603.0M | ||
| Q2 25 | $31.2M | $525.2M | ||
| Q1 25 | $44.4M | $571.3M | ||
| Q4 24 | $33.6M | $492.7M | ||
| Q3 24 | $26.0M | $551.6M | ||
| Q2 24 | $30.2M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $237.8M | — | ||
| Q3 25 | $238.2M | — | ||
| Q2 25 | $239.0M | — | ||
| Q1 25 | $237.5M | — | ||
| Q4 24 | $238.5M | — | ||
| Q3 24 | $113.6M | — | ||
| Q2 24 | $113.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | $485.0M | $1.8B | ||
| Q3 25 | $468.8M | $1.7B | ||
| Q2 25 | $460.7M | $1.7B | ||
| Q1 25 | $446.6M | $1.7B | ||
| Q4 24 | $458.4M | $1.6B | ||
| Q3 24 | $451.0M | $1.6B | ||
| Q2 24 | $390.4M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $959.5M | $2.0B | ||
| Q3 25 | $936.9M | $1.9B | ||
| Q2 25 | $930.8M | $1.9B | ||
| Q1 25 | $910.1M | $1.9B | ||
| Q4 24 | $908.7M | $1.8B | ||
| Q3 24 | $748.3M | $1.8B | ||
| Q2 24 | $684.9M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.25× | — | ||
| Q2 24 | 0.29× | — |
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 | $10.2M | $108.9M |
| Free Cash FlowOCF − Capex | $4.9M | — |
| FCF MarginFCF / Revenue | 4.4% | — |
| Capex IntensityCapex / Revenue | 4.6% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $12.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $10.2M | $31.1M | ||
| Q3 25 | $5.5M | $97.2M | ||
| Q2 25 | $4.7M | $51.9M | ||
| Q1 25 | $13.5M | $30.6M | ||
| Q4 24 | $-6.1M | $34.7M | ||
| Q3 24 | $-3.2M | $79.9M | ||
| Q2 24 | $-7.6M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $15.1M | ||
| Q3 25 | $1.2M | $84.3M | ||
| Q2 25 | $-3.4M | $37.5M | ||
| Q1 25 | $10.1M | $17.5M | ||
| Q4 24 | $-12.2M | $22.0M | ||
| Q3 24 | $-8.0M | $66.2M | ||
| Q2 24 | $-13.2M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 4.4% | 8.7% | ||
| Q3 25 | 1.1% | 60.4% | ||
| Q2 25 | -3.3% | 21.8% | ||
| Q1 25 | 9.8% | 10.5% | ||
| Q4 24 | -11.5% | 13.6% | ||
| Q3 24 | -10.4% | 41.0% | ||
| Q2 24 | -17.5% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 9.3% | ||
| Q3 25 | 3.9% | 9.2% | ||
| Q2 25 | 7.8% | 8.4% | ||
| Q1 25 | 3.3% | 7.9% | ||
| Q4 24 | 5.8% | 7.8% | ||
| Q3 24 | 6.3% | 8.4% | ||
| Q2 24 | 7.4% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIOT
| Services | $91.1M | 80% |
| Products | $22.4M | 20% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
