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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.8× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 25.2%, a 243.2% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (-14.5% vs -16.0%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
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.
CORZ vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $142.2M |
| Net Profit | $214.2M | $35.9M |
| Gross Margin | 26.0% | 74.6% |
| Operating Margin | -149.5% | 30.1% |
| Net Margin | 268.5% | 25.2% |
| Revenue YoY | -16.0% | -14.5% |
| Net Profit YoY | 180.6% | -44.3% |
| EPS (diluted) | $-1.63 | $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 | $79.8M | $172.9M | ||
| Q3 25 | $81.1M | $139.6M | ||
| Q2 25 | $78.6M | $171.8M | ||
| Q1 25 | $79.5M | $166.3M | ||
| Q4 24 | $94.9M | $162.3M | ||
| Q3 24 | $95.4M | $161.6M | ||
| Q2 24 | $141.1M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $214.2M | $66.3M | ||
| Q3 25 | $-144.0M | $44.0M | ||
| Q2 25 | $-936.8M | $67.3M | ||
| Q1 25 | $576.3M | $64.4M | ||
| Q4 24 | $-265.5M | $46.0M | ||
| Q3 24 | $-455.3M | $66.9M | ||
| Q2 24 | $-902.2M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 26.0% | 76.1% | ||
| Q3 25 | 4.8% | 74.6% | ||
| Q2 25 | 6.4% | 77.2% | ||
| Q1 25 | 10.3% | 77.1% | ||
| Q4 24 | 5.0% | 77.0% | ||
| Q3 24 | -0.2% | 77.8% | ||
| Q2 24 | 27.5% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | -149.5% | 38.9% | ||
| Q3 25 | -67.6% | 30.9% | ||
| Q2 25 | -33.4% | 39.9% | ||
| Q1 25 | -59.1% | 41.9% | ||
| Q4 24 | -41.9% | 32.3% | ||
| Q3 24 | -43.2% | 41.5% | ||
| Q2 24 | -64.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 268.5% | 38.4% | ||
| Q3 25 | -177.6% | 31.5% | ||
| Q2 25 | -1191.4% | 39.2% | ||
| Q1 25 | 724.6% | 38.8% | ||
| Q4 24 | -279.7% | 28.4% | ||
| Q3 24 | -477.4% | 41.4% | ||
| Q2 24 | -639.4% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-1.63 | $1.40 | ||
| Q3 25 | $-0.45 | $0.92 | ||
| Q2 25 | $-0.04 | $1.41 | ||
| Q1 25 | $1.24 | $1.35 | ||
| Q4 24 | $0.51 | $0.96 | ||
| Q3 24 | $-1.17 | $1.40 | ||
| Q2 24 | $-5.05 | $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 | $311.4M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | — |
| Total Assets | $2.3B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $311.4M | $602.4M | ||
| Q3 25 | $453.4M | $603.0M | ||
| Q2 25 | $581.3M | $525.2M | ||
| Q1 25 | $697.9M | $571.3M | ||
| Q4 24 | $836.2M | $492.7M | ||
| Q3 24 | $253.0M | $551.6M | ||
| Q2 24 | $96.1M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-962.7M | $1.8B | ||
| Q3 25 | $-1.3B | $1.7B | ||
| Q2 25 | $-1.2B | $1.7B | ||
| Q1 25 | $-308.8M | $1.7B | ||
| Q4 24 | $-943.0M | $1.6B | ||
| Q3 24 | $-826.7M | $1.6B | ||
| Q2 24 | $-1.2B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.2B | $1.9B | ||
| Q2 25 | $1.9B | $1.9B | ||
| Q1 25 | $1.5B | $1.9B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $824.6M | $1.8B | ||
| Q2 24 | $664.2M | $1.8B |
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 | $278.3M | $108.9M |
| Free Cash FlowOCF − Capex | $-450.8M | — |
| FCF MarginFCF / Revenue | -565.1% | — |
| Capex IntensityCapex / Revenue | 914.0% | — |
| Cash ConversionOCF / Net Profit | 1.30× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $278.3M | $31.1M | ||
| Q3 25 | $131.8M | $97.2M | ||
| Q2 25 | $34.0M | $51.9M | ||
| Q1 25 | $-45.0M | $30.6M | ||
| Q4 24 | $42.9M | $34.7M | ||
| Q3 24 | $5.7M | $79.9M | ||
| Q2 24 | $1.2M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-450.8M | $15.1M | ||
| Q3 25 | $-112.7M | $84.3M | ||
| Q2 25 | $-87.3M | $37.5M | ||
| Q1 25 | $-129.0M | $17.5M | ||
| Q4 24 | $-52.1M | $22.0M | ||
| Q3 24 | $-25.5M | $66.2M | ||
| Q2 24 | $-1.9M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -565.1% | 8.7% | ||
| Q3 25 | -139.0% | 60.4% | ||
| Q2 25 | -111.0% | 21.8% | ||
| Q1 25 | -162.2% | 10.5% | ||
| Q4 24 | -54.8% | 13.6% | ||
| Q3 24 | -26.7% | 41.0% | ||
| Q2 24 | -1.4% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 914.0% | 9.3% | ||
| Q3 25 | 301.5% | 9.2% | ||
| Q2 25 | 154.2% | 8.4% | ||
| Q1 25 | 105.6% | 7.9% | ||
| Q4 24 | 100.0% | 7.8% | ||
| Q3 24 | 32.7% | 8.4% | ||
| Q2 24 | 2.2% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 1.30× | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | -0.08× | 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
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
