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Side-by-side financial comparison of Flywire Corp (FLYW) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
Flywire Corp is the larger business by last-quarter revenue ($157.5M vs $142.2M, roughly 1.1× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 0.0%, a 25.2% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs -14.5%). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs -5.3%).
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
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.
FLYW vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $142.2M |
| Net Profit | $33.0K | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -0.6% | 30.1% |
| Net Margin | 0.0% | 25.2% |
| Revenue YoY | 34.0% | -14.5% |
| Net Profit YoY | 100.2% | -44.3% |
| EPS (diluted) | $0.01 | $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 | $157.5M | $172.9M | ||
| Q3 25 | $200.1M | $139.6M | ||
| Q2 25 | $131.9M | $171.8M | ||
| Q1 25 | $133.5M | $166.3M | ||
| Q4 24 | $117.5M | $162.3M | ||
| Q3 24 | $156.8M | $161.6M | ||
| Q2 24 | $103.7M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $33.0K | $66.3M | ||
| Q3 25 | $29.6M | $44.0M | ||
| Q2 25 | $-12.0M | $67.3M | ||
| Q1 25 | $-4.2M | $64.4M | ||
| Q4 24 | $-15.9M | $46.0M | ||
| Q3 24 | $38.9M | $66.9M | ||
| Q2 24 | $-13.9M | $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 | -0.6% | 38.9% | ||
| Q3 25 | 16.1% | 30.9% | ||
| Q2 25 | -6.8% | 39.9% | ||
| Q1 25 | -8.2% | 41.9% | ||
| Q4 24 | -4.9% | 32.3% | ||
| Q3 24 | 12.9% | 41.5% | ||
| Q2 24 | -15.2% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 0.0% | 38.4% | ||
| Q3 25 | 14.8% | 31.5% | ||
| Q2 25 | -9.1% | 39.2% | ||
| Q1 25 | -3.1% | 38.8% | ||
| Q4 24 | -13.5% | 28.4% | ||
| Q3 24 | 24.8% | 41.4% | ||
| Q2 24 | -13.4% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.01 | $1.40 | ||
| Q3 25 | $0.23 | $0.92 | ||
| Q2 25 | $-0.10 | $1.41 | ||
| Q1 25 | $-0.03 | $1.35 | ||
| Q4 24 | $-0.12 | $0.96 | ||
| Q3 24 | $0.30 | $1.40 | ||
| Q2 24 | $-0.11 | $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 | $355.0M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | — |
| Total Assets | $1.3B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $355.0M | $602.4M | ||
| Q3 25 | $377.3M | $603.0M | ||
| Q2 25 | $274.2M | $525.2M | ||
| Q1 25 | $255.3M | $571.3M | ||
| Q4 24 | $611.1M | $492.7M | ||
| Q3 24 | $681.1M | $551.6M | ||
| Q2 24 | $571.0M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $835.2M | $1.8B | ||
| Q3 25 | $829.1M | $1.7B | ||
| Q2 25 | $792.4M | $1.7B | ||
| Q1 25 | $784.3M | $1.7B | ||
| Q4 24 | $814.8M | $1.6B | ||
| Q3 24 | $843.2M | $1.6B | ||
| Q2 24 | $802.6M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.1B | $1.9B | ||
| Q1 25 | $1.1B | $1.9B | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $998.7M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $4.9M | $108.9M |
| Free Cash FlowOCF − Capex | $4.5M | — |
| FCF MarginFCF / Revenue | 2.9% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 148.06× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $4.9M | $31.1M | ||
| Q3 25 | $150.1M | $97.2M | ||
| Q2 25 | $24.1M | $51.9M | ||
| Q1 25 | $-78.9M | $30.6M | ||
| Q4 24 | $-28.6M | $34.7M | ||
| Q3 24 | $184.6M | $79.9M | ||
| Q2 24 | $-19.3M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $4.5M | $15.1M | ||
| Q3 25 | $149.9M | $84.3M | ||
| Q2 25 | $23.5M | $37.5M | ||
| Q1 25 | $-79.1M | $17.5M | ||
| Q4 24 | $-28.7M | $22.0M | ||
| Q3 24 | $184.4M | $66.2M | ||
| Q2 24 | $-19.7M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 8.7% | ||
| Q3 25 | 74.9% | 60.4% | ||
| Q2 25 | 17.8% | 21.8% | ||
| Q1 25 | -59.3% | 10.5% | ||
| Q4 24 | -24.4% | 13.6% | ||
| Q3 24 | 117.6% | 41.0% | ||
| Q2 24 | -19.0% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 9.3% | ||
| Q3 25 | 0.1% | 9.2% | ||
| Q2 25 | 0.4% | 8.4% | ||
| Q1 25 | 0.1% | 7.9% | ||
| Q4 24 | 0.1% | 7.8% | ||
| Q3 24 | 0.1% | 8.4% | ||
| Q2 24 | 0.3% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 148.06× | 0.47× | ||
| Q3 25 | 5.07× | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | 4.75× | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
