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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) 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 ($172.9M vs $115.1M, roughly 1.5× FLEXSTEEL INDUSTRIES INC). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 17.7%, a 20.6% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (6.6% vs -64.7%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (2.3% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

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.

FLXS vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.5× larger
OLED
$172.9M
$115.1M
FLXS
Growing faster (revenue YoY)
OLED
OLED
+71.3% gap
OLED
6.6%
-64.7%
FLXS
Higher net margin
OLED
OLED
20.6% more per $
OLED
38.4%
17.7%
FLXS
Faster 2-yr revenue CAGR
OLED
OLED
Annualised
OLED
2.3%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
FLXS
FLXS
OLED
OLED
Revenue
$115.1M
$172.9M
Net Profit
$20.4M
$66.3M
Gross Margin
22.6%
76.1%
Operating Margin
38.9%
Net Margin
17.7%
38.4%
Revenue YoY
-64.7%
6.6%
Net Profit YoY
116.0%
44.2%
EPS (diluted)
$1.14
$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.

Revenue
FLXS
FLXS
OLED
OLED
Q3 26
$115.1M
Q4 25
$118.2M
$172.9M
Q3 25
$110.4M
$139.6M
Q2 25
$114.6M
$171.8M
Q1 25
$114.0M
$166.3M
Q4 24
$108.5M
$162.3M
Q3 24
$104.0M
$161.6M
Q2 24
$110.8M
$158.5M
Net Profit
FLXS
FLXS
OLED
OLED
Q3 26
$20.4M
Q4 25
$6.6M
$66.3M
Q3 25
$7.3M
$44.0M
Q2 25
$10.7M
$67.3M
Q1 25
$-3.7M
$64.4M
Q4 24
$9.1M
$46.0M
Q3 24
$4.1M
$66.9M
Q2 24
$4.9M
$52.3M
Gross Margin
FLXS
FLXS
OLED
OLED
Q3 26
22.6%
Q4 25
22.7%
76.1%
Q3 25
23.5%
74.6%
Q2 25
23.9%
77.2%
Q1 25
22.2%
77.1%
Q4 24
21.0%
77.0%
Q3 24
21.5%
77.8%
Q2 24
21.3%
75.8%
Operating Margin
FLXS
FLXS
OLED
OLED
Q3 26
Q4 25
7.6%
38.9%
Q3 25
8.1%
30.9%
Q2 25
12.2%
39.9%
Q1 25
-4.4%
41.9%
Q4 24
10.7%
32.3%
Q3 24
5.8%
41.5%
Q2 24
6.9%
35.6%
Net Margin
FLXS
FLXS
OLED
OLED
Q3 26
17.7%
Q4 25
5.6%
38.4%
Q3 25
6.6%
31.5%
Q2 25
9.3%
39.2%
Q1 25
-3.3%
38.8%
Q4 24
8.3%
28.4%
Q3 24
4.0%
41.4%
Q2 24
4.4%
33.0%
EPS (diluted)
FLXS
FLXS
OLED
OLED
Q3 26
$1.14
Q4 25
$1.18
$1.40
Q3 25
$1.31
$0.92
Q2 25
$1.90
$1.41
Q1 25
$-0.71
$1.35
Q4 24
$1.62
$0.96
Q3 24
$0.74
$1.40
Q2 24
$0.87
$1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLXS
FLXS
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$57.3M
$602.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$185.3M
$1.8B
Total Assets
$290.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
OLED
OLED
Q3 26
$57.3M
Q4 25
$36.8M
$602.4M
Q3 25
$38.6M
$603.0M
Q2 25
$40.0M
$525.2M
Q1 25
$22.6M
$571.3M
Q4 24
$11.8M
$492.7M
Q3 24
$5.7M
$551.6M
Q2 24
$4.8M
$530.5M
Stockholders' Equity
FLXS
FLXS
OLED
OLED
Q3 26
$185.3M
Q4 25
$178.9M
$1.8B
Q3 25
$172.2M
$1.7B
Q2 25
$167.9M
$1.7B
Q1 25
$158.1M
$1.7B
Q4 24
$161.9M
$1.6B
Q3 24
$154.7M
$1.6B
Q2 24
$150.4M
$1.5B
Total Assets
FLXS
FLXS
OLED
OLED
Q3 26
$290.2M
Q4 25
$290.2M
$2.0B
Q3 25
$281.5M
$1.9B
Q2 25
$282.5M
$1.9B
Q1 25
$266.1M
$1.9B
Q4 24
$271.5M
$1.8B
Q3 24
$268.7M
$1.8B
Q2 24
$274.5M
$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
FLXS
FLXS
OLED
OLED
Operating Cash FlowLast quarter
$27.2M
$31.1M
Free Cash FlowOCF − Capex
$15.1M
FCF MarginFCF / Revenue
8.7%
Capex IntensityCapex / Revenue
9.3%
Cash ConversionOCF / Net Profit
1.33×
0.47×
TTM Free Cash FlowTrailing 4 quarters
$154.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
OLED
OLED
Q3 26
$27.2M
Q4 25
$1.0M
$31.1M
Q3 25
$4.1M
$97.2M
Q2 25
$15.6M
$51.9M
Q1 25
$12.3M
$30.6M
Q4 24
$6.7M
$34.7M
Q3 24
$2.4M
$79.9M
Q2 24
$7.5M
$67.0M
Free Cash Flow
FLXS
FLXS
OLED
OLED
Q3 26
Q4 25
$-735.0K
$15.1M
Q3 25
$2.8M
$84.3M
Q2 25
$15.1M
$37.5M
Q1 25
$10.9M
$17.5M
Q4 24
$5.8M
$22.0M
Q3 24
$2.0M
$66.2M
Q2 24
$7.1M
$57.9M
FCF Margin
FLXS
FLXS
OLED
OLED
Q3 26
Q4 25
-0.6%
8.7%
Q3 25
2.5%
60.4%
Q2 25
13.1%
21.8%
Q1 25
9.6%
10.5%
Q4 24
5.3%
13.6%
Q3 24
1.9%
41.0%
Q2 24
6.4%
36.5%
Capex Intensity
FLXS
FLXS
OLED
OLED
Q3 26
Q4 25
1.5%
9.3%
Q3 25
1.2%
9.2%
Q2 25
0.5%
8.4%
Q1 25
1.2%
7.9%
Q4 24
0.8%
7.8%
Q3 24
0.4%
8.4%
Q2 24
0.4%
5.8%
Cash Conversion
FLXS
FLXS
OLED
OLED
Q3 26
1.33×
Q4 25
0.15×
0.47×
Q3 25
0.56×
2.21×
Q2 25
1.46×
0.77×
Q1 25
0.47×
Q4 24
0.74×
0.75×
Q3 24
0.58×
1.19×
Q2 24
1.53×
1.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLXS
FLXS

Segment breakdown not available.

OLED
OLED

Material Sales$95.5M55%
Other$72.6M42%
Contract Research Services$4.8M3%

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