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Side-by-side financial comparison of CSW INDUSTRIALS, INC. (CSW) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
CSW INDUSTRIALS, INC. is the larger business by last-quarter revenue ($233.0M vs $172.9M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 4.4%, a 34.0% gap on every dollar of revenue. On growth, CSW INDUSTRIALS, INC. posted the faster year-over-year revenue change (20.3% vs 6.6%). CSW INDUSTRIALS, INC. produced more free cash flow last quarter ($22.7M vs $15.1M). Over the past eight quarters, CSW INDUSTRIALS, INC.'s revenue compounded faster (5.1% CAGR vs 2.3%).
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.
CSW vs OLED — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $233.0M | $172.9M |
| Net Profit | $10.3M | $66.3M |
| Gross Margin | 39.7% | 76.1% |
| Operating Margin | 7.4% | 38.9% |
| Net Margin | 4.4% | 38.4% |
| Revenue YoY | 20.3% | 6.6% |
| Net Profit YoY | -61.9% | 44.2% |
| EPS (diluted) | $0.62 | $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.
| Q4 25 | $233.0M | $172.9M | ||
| Q3 25 | $277.0M | $139.6M | ||
| Q2 25 | $263.6M | $171.8M | ||
| Q1 25 | $230.5M | $166.3M | ||
| Q4 24 | $193.6M | $162.3M | ||
| Q3 24 | $227.9M | $161.6M | ||
| Q2 24 | $226.2M | $158.5M | ||
| Q1 24 | $210.9M | $165.3M |
| Q4 25 | $10.3M | $66.3M | ||
| Q3 25 | $40.7M | $44.0M | ||
| Q2 25 | $40.9M | $67.3M | ||
| Q1 25 | $35.1M | $64.4M | ||
| Q4 24 | $26.9M | $46.0M | ||
| Q3 24 | $36.1M | $66.9M | ||
| Q2 24 | $38.6M | $52.3M | ||
| Q1 24 | $31.8M | $56.9M |
| Q4 25 | 39.7% | 76.1% | ||
| Q3 25 | 43.0% | 74.6% | ||
| Q2 25 | 43.8% | 77.2% | ||
| Q1 25 | 44.2% | 77.1% | ||
| Q4 24 | 41.4% | 77.0% | ||
| Q3 24 | 45.6% | 77.8% | ||
| Q2 24 | 47.5% | 75.8% | ||
| Q1 24 | 44.4% | 77.6% |
| Q4 25 | 7.4% | 38.9% | ||
| Q3 25 | 20.5% | 30.9% | ||
| Q2 25 | 20.8% | 39.9% | ||
| Q1 25 | 19.5% | 41.9% | ||
| Q4 24 | 15.3% | 32.3% | ||
| Q3 24 | 22.6% | 41.5% | ||
| Q2 24 | 24.3% | 35.6% | ||
| Q1 24 | 21.0% | 38.0% |
| Q4 25 | 4.4% | 38.4% | ||
| Q3 25 | 14.7% | 31.5% | ||
| Q2 25 | 15.5% | 39.2% | ||
| Q1 25 | 15.2% | 38.8% | ||
| Q4 24 | 13.9% | 28.4% | ||
| Q3 24 | 15.8% | 41.4% | ||
| Q2 24 | 17.1% | 33.0% | ||
| Q1 24 | 15.1% | 34.4% |
| Q4 25 | $0.62 | $1.40 | ||
| Q3 25 | $2.41 | $0.92 | ||
| Q2 25 | $2.43 | $1.41 | ||
| Q1 25 | $2.05 | $1.35 | ||
| Q4 24 | $1.60 | $0.96 | ||
| Q3 24 | $2.26 | $1.40 | ||
| Q2 24 | $2.47 | $1.10 | ||
| Q1 24 | $2.03 | $1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.2M | $602.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.8B |
| Total Assets | $2.3B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $40.2M | $602.4M | ||
| Q3 25 | $31.5M | $603.0M | ||
| Q2 25 | $38.0M | $525.2M | ||
| Q1 25 | $225.8M | $571.3M | ||
| Q4 24 | $213.8M | $492.7M | ||
| Q3 24 | $273.2M | $551.6M | ||
| Q2 24 | $18.9M | $530.5M | ||
| Q1 24 | $22.2M | $539.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $800.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $166.0M | — |
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.1B | $1.7B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.0B | $1.6B | ||
| Q3 24 | $1.0B | $1.6B | ||
| Q2 24 | $650.2M | $1.5B | ||
| Q1 24 | $615.7M | $1.5B |
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.9B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.4B | $1.8B | ||
| Q2 24 | $1.1B | $1.8B | ||
| Q1 24 | $1.0B | $1.7B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.27× | — |
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 | $28.9M | $31.1M |
| Free Cash FlowOCF − Capex | $22.7M | $15.1M |
| FCF MarginFCF / Revenue | 9.8% | 8.7% |
| Capex IntensityCapex / Revenue | 2.6% | 9.3% |
| Cash ConversionOCF / Net Profit | 2.81× | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | $162.0M | $154.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.9M | $31.1M | ||
| Q3 25 | $61.8M | $97.2M | ||
| Q2 25 | $60.6M | $51.9M | ||
| Q1 25 | $27.3M | $30.6M | ||
| Q4 24 | $11.6M | $34.7M | ||
| Q3 24 | $66.8M | $79.9M | ||
| Q2 24 | $62.7M | $67.0M | ||
| Q1 24 | $22.4M | $72.2M |
| Q4 25 | $22.7M | $15.1M | ||
| Q3 25 | $58.7M | $84.3M | ||
| Q2 25 | $57.7M | $37.5M | ||
| Q1 25 | $22.8M | $17.5M | ||
| Q4 24 | $8.5M | $22.0M | ||
| Q3 24 | $61.3M | $66.2M | ||
| Q2 24 | $59.6M | $57.9M | ||
| Q1 24 | $17.5M | $65.0M |
| Q4 25 | 9.8% | 8.7% | ||
| Q3 25 | 21.2% | 60.4% | ||
| Q2 25 | 21.9% | 21.8% | ||
| Q1 25 | 9.9% | 10.5% | ||
| Q4 24 | 4.4% | 13.6% | ||
| Q3 24 | 26.9% | 41.0% | ||
| Q2 24 | 26.3% | 36.5% | ||
| Q1 24 | 8.3% | 39.3% |
| Q4 25 | 2.6% | 9.3% | ||
| Q3 25 | 1.1% | 9.2% | ||
| Q2 25 | 1.1% | 8.4% | ||
| Q1 25 | 2.0% | 7.9% | ||
| Q4 24 | 1.6% | 7.8% | ||
| Q3 24 | 2.4% | 8.4% | ||
| Q2 24 | 1.4% | 5.8% | ||
| Q1 24 | 2.3% | 4.4% |
| Q4 25 | 2.81× | 0.47× | ||
| Q3 25 | 1.52× | 2.21× | ||
| Q2 25 | 1.48× | 0.77× | ||
| Q1 25 | 0.78× | 0.47× | ||
| Q4 24 | 0.43× | 0.75× | ||
| Q3 24 | 1.85× | 1.19× | ||
| Q2 24 | 1.62× | 1.28× | ||
| Q1 24 | 0.71× | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSW
| Contractor Solutions Segment | $166.3M | 71% |
| Specialized Reliability Solutions Segment | $38.2M | 16% |
| Engineered Building Solutions Segment | $28.5M | 12% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
