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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.1× Emerald Holding, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -22.8%, a 48.0% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -14.5%). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -5.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $142.2M |
| Net Profit | $-30.2M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -11.8% | 30.1% |
| Net Margin | -22.8% | 25.2% |
| Revenue YoY | 24.3% | -14.5% |
| Net Profit YoY | -692.2% | -44.3% |
| EPS (diluted) | $-0.15 | $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 | $132.7M | $172.9M | ||
| Q3 25 | $77.5M | $139.6M | ||
| Q2 25 | $105.5M | $171.8M | ||
| Q1 25 | $147.7M | $166.3M | ||
| Q4 24 | $106.8M | $162.3M | ||
| Q3 24 | $72.6M | $161.6M | ||
| Q2 24 | $86.0M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-30.2M | $66.3M | ||
| Q3 25 | $-14.4M | $44.0M | ||
| Q2 25 | $-1.4M | $67.3M | ||
| Q1 25 | $15.3M | $64.4M | ||
| Q4 24 | $5.1M | $46.0M | ||
| Q3 24 | $-11.1M | $66.9M | ||
| Q2 24 | $-2.8M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | — | 76.1% | ||
| Q3 25 | — | 74.6% | ||
| Q2 25 | — | 77.2% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | -11.8% | 38.9% | ||
| Q3 25 | -10.1% | 30.9% | ||
| Q2 25 | 9.7% | 39.9% | ||
| Q1 25 | 24.2% | 41.9% | ||
| Q4 24 | 19.5% | 32.3% | ||
| Q3 24 | -6.5% | 41.5% | ||
| Q2 24 | 7.4% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -22.8% | 38.4% | ||
| Q3 25 | -18.6% | 31.5% | ||
| Q2 25 | -1.3% | 39.2% | ||
| Q1 25 | 10.4% | 38.8% | ||
| Q4 24 | 4.8% | 28.4% | ||
| Q3 24 | -15.3% | 41.4% | ||
| Q2 24 | -3.3% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.15 | $1.40 | ||
| Q3 25 | $-0.07 | $0.92 | ||
| Q2 25 | $-0.01 | $1.41 | ||
| Q1 25 | $0.08 | $1.35 | ||
| Q4 24 | $0.01 | $0.96 | ||
| Q3 24 | $-0.05 | $1.40 | ||
| Q2 24 | $-0.03 | $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 | $100.9M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | — |
| Total Assets | $1.2B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $100.9M | $602.4M | ||
| Q3 25 | $95.4M | $603.0M | ||
| Q2 25 | $156.4M | $525.2M | ||
| Q1 25 | $276.8M | $571.3M | ||
| Q4 24 | $194.8M | $492.7M | ||
| Q3 24 | $188.9M | $551.6M | ||
| Q2 24 | $193.2M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $338.8M | $1.8B | ||
| Q3 25 | $369.5M | $1.7B | ||
| Q2 25 | $389.4M | $1.7B | ||
| Q1 25 | $392.1M | $1.7B | ||
| Q4 24 | $385.9M | $1.6B | ||
| Q3 24 | $391.1M | $1.6B | ||
| Q2 24 | $407.6M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.2B | $1.9B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $1.1B | $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 | $12.3M | $108.9M |
| Free Cash FlowOCF − Capex | $11.7M | — |
| FCF MarginFCF / Revenue | 8.8% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $12.3M | $31.1M | ||
| Q3 25 | $1.8M | $97.2M | ||
| Q2 25 | $15.9M | $51.9M | ||
| Q1 25 | $12.6M | $30.6M | ||
| Q4 24 | $20.6M | $34.7M | ||
| Q3 24 | $9.1M | $79.9M | ||
| Q2 24 | $9.8M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $15.1M | ||
| Q3 25 | $1.5M | $84.3M | ||
| Q2 25 | $15.8M | $37.5M | ||
| Q1 25 | $12.4M | $17.5M | ||
| Q4 24 | $19.9M | $22.0M | ||
| Q3 24 | $9.0M | $66.2M | ||
| Q2 24 | $9.6M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 8.7% | ||
| Q3 25 | 1.9% | 60.4% | ||
| Q2 25 | 15.0% | 21.8% | ||
| Q1 25 | 8.4% | 10.5% | ||
| Q4 24 | 18.6% | 13.6% | ||
| Q3 24 | 12.4% | 41.0% | ||
| Q2 24 | 11.2% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 9.3% | ||
| Q3 25 | 0.4% | 9.2% | ||
| Q2 25 | 0.1% | 8.4% | ||
| Q1 25 | 0.1% | 7.9% | ||
| Q4 24 | 0.7% | 7.8% | ||
| Q3 24 | 0.1% | 8.4% | ||
| Q2 24 | 0.2% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | 0.82× | 0.47× | ||
| Q4 24 | 4.04× | 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
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
