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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) 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 $114.9M, roughly 1.2× DULUTH HOLDINGS INC.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -8.8%, a 34.0% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
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.
DLTH vs OLED — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $142.2M |
| Net Profit | $-10.1M | $35.9M |
| Gross Margin | 53.8% | 74.6% |
| Operating Margin | -7.7% | 30.1% |
| Net Margin | -8.8% | 25.2% |
| Revenue YoY | -9.6% | -14.5% |
| Net Profit YoY | 64.6% | -44.3% |
| EPS (diluted) | $-0.29 | $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 | $114.9M | $172.9M | ||
| Q3 25 | $131.7M | $139.6M | ||
| Q2 25 | $102.7M | $171.8M | ||
| Q1 25 | $241.3M | $166.3M | ||
| Q4 24 | $127.1M | $162.3M | ||
| Q3 24 | $141.6M | $161.6M | ||
| Q2 24 | $116.7M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-10.1M | $66.3M | ||
| Q3 25 | $1.3M | $44.0M | ||
| Q2 25 | $-15.3M | $67.3M | ||
| Q1 25 | $-5.6M | $64.4M | ||
| Q4 24 | $-28.2M | $46.0M | ||
| Q3 24 | $-2.0M | $66.9M | ||
| Q2 24 | $-7.9M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 53.8% | 76.1% | ||
| Q3 25 | 54.7% | 74.6% | ||
| Q2 25 | 52.0% | 77.2% | ||
| Q1 25 | 44.1% | 77.1% | ||
| Q4 24 | 52.3% | 77.0% | ||
| Q3 24 | 52.3% | 77.8% | ||
| Q2 24 | 52.8% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | -7.7% | 38.9% | ||
| Q3 25 | 1.8% | 30.9% | ||
| Q2 25 | -12.0% | 39.9% | ||
| Q1 25 | -1.8% | 41.9% | ||
| Q4 24 | -17.4% | 32.3% | ||
| Q3 24 | -1.1% | 41.5% | ||
| Q2 24 | -7.7% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -8.8% | 38.4% | ||
| Q3 25 | 1.0% | 31.5% | ||
| Q2 25 | -14.9% | 39.2% | ||
| Q1 25 | -2.3% | 38.8% | ||
| Q4 24 | -22.2% | 28.4% | ||
| Q3 24 | -1.4% | 41.4% | ||
| Q2 24 | -6.7% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.29 | $1.40 | ||
| Q3 25 | $0.04 | $0.92 | ||
| Q2 25 | $-0.45 | $1.41 | ||
| Q1 25 | $-0.17 | $1.35 | ||
| Q4 24 | $-0.84 | $0.96 | ||
| Q3 24 | $-0.06 | $1.40 | ||
| Q2 24 | $-0.24 | $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 | $8.2M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | — |
| Total Assets | $468.0M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $8.2M | $602.4M | ||
| Q3 25 | $5.7M | $603.0M | ||
| Q2 25 | $8.6M | $525.2M | ||
| Q1 25 | $3.3M | $571.3M | ||
| Q4 24 | $9.3M | $492.7M | ||
| Q3 24 | $9.8M | $551.6M | ||
| Q2 24 | $6.8M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $160.6M | $1.8B | ||
| Q3 25 | $170.0M | $1.7B | ||
| Q2 25 | $167.9M | $1.7B | ||
| Q1 25 | $182.7M | $1.7B | ||
| Q4 24 | $188.1M | $1.6B | ||
| Q3 24 | $215.7M | $1.6B | ||
| Q2 24 | $218.4M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $468.0M | $2.0B | ||
| Q3 25 | $433.8M | $1.9B | ||
| Q2 25 | $463.7M | $1.9B | ||
| Q1 25 | $452.4M | $1.9B | ||
| Q4 24 | $533.1M | $1.8B | ||
| Q3 24 | $488.6M | $1.8B | ||
| Q2 24 | $471.4M | $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 | $-6.7M | $108.9M |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $-6.7M | $31.1M | ||
| Q3 25 | $32.0M | $97.2M | ||
| Q2 25 | $-56.5M | $51.9M | ||
| Q1 25 | $41.2M | $30.6M | ||
| Q4 24 | $-41.1M | $34.7M | ||
| Q3 24 | $16.6M | $79.9M | ||
| Q2 24 | $-33.7M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $15.1M | ||
| Q3 25 | $29.8M | $84.3M | ||
| Q2 25 | $-57.8M | $37.5M | ||
| Q1 25 | $38.7M | $17.5M | ||
| Q4 24 | $-43.7M | $22.0M | ||
| Q3 24 | $15.0M | $66.2M | ||
| Q2 24 | $-35.2M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 8.7% | ||
| Q3 25 | 22.6% | 60.4% | ||
| Q2 25 | -56.3% | 21.8% | ||
| Q1 25 | 16.0% | 10.5% | ||
| Q4 24 | -34.4% | 13.6% | ||
| Q3 24 | 10.6% | 41.0% | ||
| Q2 24 | -30.2% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 9.3% | ||
| Q3 25 | 1.7% | 9.2% | ||
| Q2 25 | 1.3% | 8.4% | ||
| Q1 25 | 1.0% | 7.9% | ||
| Q4 24 | 2.1% | 7.8% | ||
| Q3 24 | 1.2% | 8.4% | ||
| Q2 24 | 1.3% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 25.40× | 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
