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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $142.2M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 17.5%, a 7.7% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -14.5%). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -5.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
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.
AWR vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $142.2M |
| Net Profit | $28.7M | $35.9M |
| Gross Margin | 88.9% | 74.6% |
| Operating Margin | 27.4% | 30.1% |
| Net Margin | 17.5% | 25.2% |
| Revenue YoY | 14.8% | -14.5% |
| Net Profit YoY | 1.1% | -44.3% |
| EPS (diluted) | $0.74 | $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 | $164.3M | $172.9M | ||
| Q3 25 | $182.7M | $139.6M | ||
| Q2 25 | $163.1M | $171.8M | ||
| Q1 25 | $148.0M | $166.3M | ||
| Q4 24 | $143.1M | $162.3M | ||
| Q3 24 | $161.8M | $161.6M | ||
| Q2 24 | $155.3M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $28.7M | $66.3M | ||
| Q3 25 | $41.2M | $44.0M | ||
| Q2 25 | $33.7M | $67.3M | ||
| Q1 25 | $26.8M | $64.4M | ||
| Q4 24 | $28.4M | $46.0M | ||
| Q3 24 | $35.8M | $66.9M | ||
| Q2 24 | $31.9M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 88.9% | 76.1% | ||
| Q3 25 | 91.0% | 74.6% | ||
| Q2 25 | 92.1% | 77.2% | ||
| Q1 25 | 91.3% | 77.1% | ||
| Q4 24 | 92.4% | 77.0% | ||
| Q3 24 | 92.7% | 77.8% | ||
| Q2 24 | 89.6% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 27.4% | 38.9% | ||
| Q3 25 | 33.8% | 30.9% | ||
| Q2 25 | 31.3% | 39.9% | ||
| Q1 25 | 30.8% | 41.9% | ||
| Q4 24 | 27.0% | 32.3% | ||
| Q3 24 | 34.0% | 41.5% | ||
| Q2 24 | 33.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 17.5% | 38.4% | ||
| Q3 25 | 22.5% | 31.5% | ||
| Q2 25 | 20.7% | 39.2% | ||
| Q1 25 | 18.1% | 38.8% | ||
| Q4 24 | 19.9% | 28.4% | ||
| Q3 24 | 22.1% | 41.4% | ||
| Q2 24 | 20.5% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.74 | $1.40 | ||
| Q3 25 | $1.06 | $0.92 | ||
| Q2 25 | $0.87 | $1.41 | ||
| Q1 25 | $0.70 | $1.35 | ||
| Q4 24 | $0.75 | $0.96 | ||
| Q3 24 | $0.95 | $1.40 | ||
| Q2 24 | $0.85 | $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 | $18.8M | $516.4M |
| Total DebtLower is stronger | $782.7M | — |
| Stockholders' EquityBook value | $1.0B | — |
| Total Assets | $2.7B | $1.9B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $18.8M | $602.4M | ||
| Q3 25 | $26.1M | $603.0M | ||
| Q2 25 | $20.2M | $525.2M | ||
| Q1 25 | $21.2M | $571.3M | ||
| Q4 24 | $26.7M | $492.7M | ||
| Q3 24 | $16.5M | $551.6M | ||
| Q2 24 | $3.6M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $782.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $640.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $1.8B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $972.5M | $1.7B | ||
| Q1 25 | $956.4M | $1.7B | ||
| Q4 24 | $920.1M | $1.6B | ||
| Q3 24 | $879.5M | $1.6B | ||
| Q2 24 | $833.5M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.5B | $1.9B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.70× | — | ||
| 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 | $27.7M | $108.9M |
| Free Cash FlowOCF − Capex | $-36.0M | — |
| FCF MarginFCF / Revenue | -21.9% | — |
| Capex IntensityCapex / Revenue | 38.8% | — |
| Cash ConversionOCF / Net Profit | 0.96× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $27.7M | $31.1M | ||
| Q3 25 | $92.4M | $97.2M | ||
| Q2 25 | $64.6M | $51.9M | ||
| Q1 25 | $45.1M | $30.6M | ||
| Q4 24 | $64.5M | $34.7M | ||
| Q3 24 | $63.7M | $79.9M | ||
| Q2 24 | $24.7M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-36.0M | $15.1M | ||
| Q3 25 | $37.7M | $84.3M | ||
| Q2 25 | $13.7M | $37.5M | ||
| Q1 25 | $-22.5M | $17.5M | ||
| Q4 24 | $6.0M | $22.0M | ||
| Q3 24 | $-478.0K | $66.2M | ||
| Q2 24 | $-37.0M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -21.9% | 8.7% | ||
| Q3 25 | 20.7% | 60.4% | ||
| Q2 25 | 8.4% | 21.8% | ||
| Q1 25 | -15.2% | 10.5% | ||
| Q4 24 | 4.2% | 13.6% | ||
| Q3 24 | -0.3% | 41.0% | ||
| Q2 24 | -23.8% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 38.8% | 9.3% | ||
| Q3 25 | 29.9% | 9.2% | ||
| Q2 25 | 31.2% | 8.4% | ||
| Q1 25 | 45.6% | 7.9% | ||
| Q4 24 | 40.9% | 7.8% | ||
| Q3 24 | 39.7% | 8.4% | ||
| Q2 24 | 39.8% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 0.96× | 0.47× | ||
| Q3 25 | 2.24× | 2.21× | ||
| Q2 25 | 1.92× | 0.77× | ||
| Q1 25 | 1.68× | 0.47× | ||
| Q4 24 | 2.27× | 0.75× | ||
| Q3 24 | 1.78× | 1.19× | ||
| Q2 24 | 0.78× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
