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Side-by-side financial comparison of HA Sustainable Infrastructure Capital, Inc. (HASI) 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 $114.8M, roughly 1.2× HA Sustainable Infrastructure Capital, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -46.8%, a 72.1% gap on every dollar of revenue. On growth, HA Sustainable Infrastructure Capital, Inc. posted the faster year-over-year revenue change (13.3% vs -14.5%). Over the past eight quarters, HA Sustainable Infrastructure Capital, Inc.'s revenue compounded faster (4.2% CAGR vs -5.3%).
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
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.
HASI vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.8M | $142.2M |
| Net Profit | $-53.8M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -57.4% | 30.1% |
| Net Margin | -46.8% | 25.2% |
| Revenue YoY | 13.3% | -14.5% |
| Net Profit YoY | -176.7% | -44.3% |
| EPS (diluted) | $-0.38 | $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 | $114.8M | $172.9M | ||
| Q3 25 | $103.1M | $139.6M | ||
| Q2 25 | $85.7M | $171.8M | ||
| Q1 25 | $96.9M | $166.3M | ||
| Q4 24 | $101.3M | $162.3M | ||
| Q3 24 | $82.0M | $161.6M | ||
| Q2 24 | $94.5M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-53.8M | $66.3M | ||
| Q3 25 | $83.3M | $44.0M | ||
| Q2 25 | $98.4M | $67.3M | ||
| Q1 25 | $56.6M | $64.4M | ||
| Q4 24 | $70.1M | $46.0M | ||
| Q3 24 | $-19.6M | $66.9M | ||
| Q2 24 | $26.5M | $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 | -57.4% | 38.9% | ||
| Q3 25 | — | 30.9% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | 84.7% | 41.9% | ||
| Q4 24 | 90.9% | 32.3% | ||
| Q3 24 | -32.1% | 41.5% | ||
| Q2 24 | 39.5% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -46.8% | 38.4% | ||
| Q3 25 | 80.8% | 31.5% | ||
| Q2 25 | 114.9% | 39.2% | ||
| Q1 25 | 58.4% | 38.8% | ||
| Q4 24 | 69.2% | 28.4% | ||
| Q3 24 | -23.9% | 41.4% | ||
| Q2 24 | 28.1% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.38 | $1.40 | ||
| Q3 25 | $0.61 | $0.92 | ||
| Q2 25 | $0.74 | $1.41 | ||
| Q1 25 | $0.44 | $1.35 | ||
| Q4 24 | $0.58 | $0.96 | ||
| Q3 24 | $-0.17 | $1.40 | ||
| Q2 24 | $0.23 | $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 | $110.2M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.7B | — |
| Total Assets | $8.2B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $110.2M | $602.4M | ||
| Q3 25 | $301.8M | $603.0M | ||
| Q2 25 | $86.5M | $525.2M | ||
| Q1 25 | $67.4M | $571.3M | ||
| Q4 24 | $129.8M | $492.7M | ||
| Q3 24 | $44.1M | $551.6M | ||
| Q2 24 | $145.7M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.7B | $1.8B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $2.4B | $1.6B | ||
| Q3 24 | $2.3B | $1.6B | ||
| Q2 24 | $2.3B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $8.2B | $2.0B | ||
| Q3 25 | $8.2B | $1.9B | ||
| Q2 25 | $7.6B | $1.9B | ||
| Q1 25 | $7.5B | $1.9B | ||
| Q4 24 | $7.1B | $1.8B | ||
| Q3 24 | $6.7B | $1.8B | ||
| Q2 24 | $6.7B | $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 | $167.3M | $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.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $167.3M | $31.1M | ||
| Q3 25 | $-121.8M | $97.2M | ||
| Q2 25 | $79.6M | $51.9M | ||
| Q1 25 | $-37.1M | $30.6M | ||
| Q4 24 | $5.9M | $34.7M | ||
| Q3 24 | $21.9M | $79.9M | ||
| Q2 24 | $-24.8M | $67.0M |
| 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 |
| 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% |
| 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% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | -1.46× | 2.21× | ||
| Q2 25 | 0.81× | 0.77× | ||
| Q1 25 | -0.66× | 0.47× | ||
| Q4 24 | 0.08× | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | -0.94× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HASI
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
