vs

Side-by-side financial comparison of FIRST INDUSTRIAL REALTY TRUST INC (FR) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.

FIRST INDUSTRIAL REALTY TRUST INC is the larger business by last-quarter revenue ($194.8M vs $142.2M, roughly 1.4× UNIVERSAL DISPLAY CORP \PA\). FIRST INDUSTRIAL REALTY TRUST INC runs the higher net margin — 75.9% vs 25.2%, a 50.7% gap on every dollar of revenue. On growth, FIRST INDUSTRIAL REALTY TRUST INC posted the faster year-over-year revenue change (10.0% vs -14.5%). Over the past eight quarters, FIRST INDUSTRIAL REALTY TRUST INC's revenue compounded faster (8.9% CAGR vs -5.3%).

First Potomac Realty Trust was a real estate investment trust that invested in industrial properties and business parks in the suburbs of the Washington metropolitan area. In 2017, it was acquired by Government Properties Income Trust.

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.

FR vs OLED — Head-to-Head

Bigger by revenue
FR
FR
1.4× larger
FR
$194.8M
$142.2M
OLED
Growing faster (revenue YoY)
FR
FR
+24.5% gap
FR
10.0%
-14.5%
OLED
Higher net margin
FR
FR
50.7% more per $
FR
75.9%
25.2%
OLED
Faster 2-yr revenue CAGR
FR
FR
Annualised
FR
8.9%
-5.3%
OLED

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FR
FR
OLED
OLED
Revenue
$194.8M
$142.2M
Net Profit
$147.9M
$35.9M
Gross Margin
74.6%
Operating Margin
30.1%
Net Margin
75.9%
25.2%
Revenue YoY
10.0%
-14.5%
Net Profit YoY
179.7%
-44.3%
EPS (diluted)
$1.08
$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.

Revenue
FR
FR
OLED
OLED
Q1 26
$194.8M
$142.2M
Q4 25
$188.4M
$172.9M
Q3 25
$181.4M
$139.6M
Q2 25
$180.2M
$171.8M
Q1 25
$177.1M
$166.3M
Q4 24
$175.6M
$162.3M
Q3 24
$167.6M
$161.6M
Q2 24
$164.1M
$158.5M
Net Profit
FR
FR
OLED
OLED
Q1 26
$147.9M
$35.9M
Q4 25
$78.8M
$66.3M
Q3 25
$65.3M
$44.0M
Q2 25
$55.2M
$67.3M
Q1 25
$48.1M
$64.4M
Q4 24
$68.4M
$46.0M
Q3 24
$99.4M
$66.9M
Q2 24
$51.3M
$52.3M
Gross Margin
FR
FR
OLED
OLED
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%
Operating Margin
FR
FR
OLED
OLED
Q1 26
30.1%
Q4 25
34.6%
38.9%
Q3 25
37.0%
30.9%
Q2 25
31.7%
39.9%
Q1 25
31.2%
41.9%
Q4 24
40.1%
32.3%
Q3 24
62.6%
41.5%
Q2 24
31.8%
35.6%
Net Margin
FR
FR
OLED
OLED
Q1 26
75.9%
25.2%
Q4 25
41.8%
38.4%
Q3 25
36.0%
31.5%
Q2 25
30.6%
39.2%
Q1 25
27.2%
38.8%
Q4 24
39.0%
28.4%
Q3 24
59.3%
41.4%
Q2 24
31.3%
33.0%
EPS (diluted)
FR
FR
OLED
OLED
Q1 26
$1.08
$0.76
Q4 25
$0.60
$1.40
Q3 25
$0.49
$0.92
Q2 25
$0.42
$1.41
Q1 25
$0.36
$1.35
Q4 24
$0.51
$0.96
Q3 24
$0.75
$1.40
Q2 24
$0.39
$1.10

Balance Sheet & Financial Strength

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

Metric
FR
FR
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$516.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
Total Assets
$5.8B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FR
FR
OLED
OLED
Q1 26
$516.4M
Q4 25
$78.0M
$602.4M
Q3 25
$33.5M
$603.0M
Q2 25
$34.9M
$525.2M
Q1 25
$35.7M
$571.3M
Q4 24
$44.5M
$492.7M
Q3 24
$47.1M
$551.6M
Q2 24
$38.5M
$530.5M
Stockholders' Equity
FR
FR
OLED
OLED
Q1 26
$2.9B
Q4 25
$2.7B
$1.8B
Q3 25
$2.7B
$1.7B
Q2 25
$2.6B
$1.7B
Q1 25
$2.7B
$1.7B
Q4 24
$2.7B
$1.6B
Q3 24
$2.6B
$1.6B
Q2 24
$2.6B
$1.5B
Total Assets
FR
FR
OLED
OLED
Q1 26
$5.8B
$1.9B
Q4 25
$5.7B
$2.0B
Q3 25
$5.5B
$1.9B
Q2 25
$5.5B
$1.9B
Q1 25
$5.4B
$1.9B
Q4 24
$5.3B
$1.8B
Q3 24
$5.2B
$1.8B
Q2 24
$5.2B
$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
FR
FR
OLED
OLED
Operating Cash FlowLast quarter
$108.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FR
FR
OLED
OLED
Q1 26
$108.9M
Q4 25
$461.3M
$31.1M
Q3 25
$124.6M
$97.2M
Q2 25
$126.1M
$51.9M
Q1 25
$88.6M
$30.6M
Q4 24
$352.5M
$34.7M
Q3 24
$105.5M
$79.9M
Q2 24
$107.7M
$67.0M
Free Cash Flow
FR
FR
OLED
OLED
Q1 26
Q4 25
$15.1M
Q3 25
$84.3M
Q2 25
$37.5M
Q1 25
$17.5M
Q4 24
$22.0M
Q3 24
$66.2M
Q2 24
$57.9M
FCF Margin
FR
FR
OLED
OLED
Q1 26
Q4 25
8.7%
Q3 25
60.4%
Q2 25
21.8%
Q1 25
10.5%
Q4 24
13.6%
Q3 24
41.0%
Q2 24
36.5%
Capex Intensity
FR
FR
OLED
OLED
Q1 26
Q4 25
9.3%
Q3 25
9.2%
Q2 25
8.4%
Q1 25
7.9%
Q4 24
7.8%
Q3 24
8.4%
Q2 24
5.8%
Cash Conversion
FR
FR
OLED
OLED
Q1 26
3.03×
Q4 25
5.85×
0.47×
Q3 25
1.91×
2.21×
Q2 25
2.28×
0.77×
Q1 25
1.84×
0.47×
Q4 24
5.15×
0.75×
Q3 24
1.06×
1.19×
Q2 24
2.10×
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FR
FR

Segment breakdown not available.

OLED
OLED

Material sales$83.7M59%
Royalty and license fees$54.2M38%
Contract research services$4.3M3%

Related Comparisons