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Side-by-side financial comparison of InterDigital, Inc. (IDCC) and RESEARCH FRONTIERS INC (REFR). Click either name above to swap in a different company.

InterDigital, Inc. is the larger business by last-quarter revenue ($158.2M vs $72.1K, roughly 2193.9× RESEARCH FRONTIERS INC). InterDigital, Inc. runs the higher net margin — 27.2% vs -1061.5%, a 1088.6% gap on every dollar of revenue. On growth, InterDigital, Inc. posted the faster year-over-year revenue change (-37.4% vs -59.5%). InterDigital, Inc. produced more free cash flow last quarter ($63.2M vs $-466.1K). Over the past eight quarters, InterDigital, Inc.'s revenue compounded faster (-22.5% CAGR vs -52.0%).

InterDigital, Inc. is an American technology research and development company that provides wireless and video technologies for mobile devices, networks, and services worldwide. Founded in 1972, InterDigital is listed on the Nasdaq and is included in the S&P 600 index.

Research Frontiers is an American nanotechnology company based in Woodbury, New York that was founded by Robert Saxe in 1965 to develop light control technology from Polaroid known as smart glass. The company develops and licenses its patented SPD-SmartGlass technology. The company currently has six full-time employees.

IDCC vs REFR — Head-to-Head

Bigger by revenue
IDCC
IDCC
2193.9× larger
IDCC
$158.2M
$72.1K
REFR
Growing faster (revenue YoY)
IDCC
IDCC
+22.1% gap
IDCC
-37.4%
-59.5%
REFR
Higher net margin
IDCC
IDCC
1088.6% more per $
IDCC
27.2%
-1061.5%
REFR
More free cash flow
IDCC
IDCC
$63.6M more FCF
IDCC
$63.2M
$-466.1K
REFR
Faster 2-yr revenue CAGR
IDCC
IDCC
Annualised
IDCC
-22.5%
-52.0%
REFR

Income Statement — Q4 2025 vs Q4 2025

Metric
IDCC
IDCC
REFR
REFR
Revenue
$158.2M
$72.1K
Net Profit
$43.0M
$-765.6K
Gross Margin
Operating Margin
30.2%
-1072.5%
Net Margin
27.2%
-1061.5%
Revenue YoY
-37.4%
-59.5%
Net Profit YoY
-67.7%
-25.9%
EPS (diluted)
$1.07
$-0.02

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
IDCC
IDCC
REFR
REFR
Q4 25
$158.2M
$72.1K
Q3 25
$164.7M
$359.4K
Q2 25
$300.6M
$129.9K
Q1 25
$210.5M
$559.8K
Q4 24
$252.8M
$178.2K
Q3 24
$128.7M
$354.4K
Q2 24
$223.5M
$489.6K
Q1 24
$263.5M
$313.4K
Net Profit
IDCC
IDCC
REFR
REFR
Q4 25
$43.0M
$-765.6K
Q3 25
$67.5M
$-298.5K
Q2 25
$180.6M
$-803.8K
Q1 25
$115.6M
$-177.7K
Q4 24
$133.1M
$-607.9K
Q3 24
$34.2M
$-166.8K
Q2 24
$109.7M
$-94.0K
Q1 24
$81.7M
$-442.6K
Operating Margin
IDCC
IDCC
REFR
REFR
Q4 25
30.2%
-1072.5%
Q3 25
46.0%
-84.6%
Q2 25
68.3%
-627.5%
Q1 25
62.6%
-42.8%
Q4 24
64.3%
-350.4%
Q3 24
30.6%
-65.4%
Q2 24
59.9%
-23.7%
Q1 24
39.4%
-149.9%
Net Margin
IDCC
IDCC
REFR
REFR
Q4 25
27.2%
-1061.5%
Q3 25
41.0%
-83.0%
Q2 25
60.1%
-618.8%
Q1 25
54.9%
-31.7%
Q4 24
52.7%
-341.2%
Q3 24
26.6%
-47.1%
Q2 24
49.1%
-19.2%
Q1 24
31.0%
-141.2%
EPS (diluted)
IDCC
IDCC
REFR
REFR
Q4 25
$1.07
$-0.02
Q3 25
$1.93
$-0.01
Q2 25
$5.35
$-0.02
Q1 25
$3.45
$-0.01
Q4 24
$4.12
$-0.03
Q3 24
$1.14
$0.00
Q2 24
$3.93
$0.00
Q1 24
$2.88
$-0.01

Balance Sheet & Financial Strength

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

Metric
IDCC
IDCC
REFR
REFR
Cash + ST InvestmentsLiquidity on hand
$1.2B
$664.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$933.6K
Total Assets
$2.1B
$2.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IDCC
IDCC
REFR
REFR
Q4 25
$1.2B
$664.3K
Q3 25
$1.3B
$1.1M
Q2 25
$937.0M
$1.3M
Q1 25
$883.3M
$1.4M
Q4 24
$958.2M
$2.0M
Q3 24
$813.2M
$1.6M
Q2 24
$760.3M
$1.9M
Q1 24
$984.6M
$2.1M
Stockholders' Equity
IDCC
IDCC
REFR
REFR
Q4 25
$1.1B
$933.6K
Q3 25
$1.1B
$1.5M
Q2 25
$1.1B
$1.8M
Q1 25
$936.9M
$2.4M
Q4 24
$857.2M
$2.6M
Q3 24
$722.5M
$2.8M
Q2 24
$696.8M
$3.0M
Q1 24
$624.3M
$3.1M
Total Assets
IDCC
IDCC
REFR
REFR
Q4 25
$2.1B
$2.3M
Q3 25
$2.1B
$2.8M
Q2 25
$2.0B
$3.2M
Q1 25
$1.9B
$3.8M
Q4 24
$1.8B
$4.0M
Q3 24
$1.7B
$3.0M
Q2 24
$1.6B
$3.4M
Q1 24
$1.8B
$3.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IDCC
IDCC
REFR
REFR
Operating Cash FlowLast quarter
$63.4M
$-465.9K
Free Cash FlowOCF − Capex
$63.2M
$-466.1K
FCF MarginFCF / Revenue
39.9%
-646.2%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$528.6M
$-1.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IDCC
IDCC
REFR
REFR
Q4 25
$63.4M
$-465.9K
Q3 25
$395.9M
$-143.5K
Q2 25
$105.1M
$-78.4K
Q1 25
$-20.0M
$-641.3K
Q4 24
$192.0M
$47.1K
Q3 24
$77.6M
$-257.9K
Q2 24
$-48.9M
$-186.9K
Q1 24
$50.8M
$-391.1K
Free Cash Flow
IDCC
IDCC
REFR
REFR
Q4 25
$63.2M
$-466.1K
Q3 25
$395.3M
$-143.9K
Q2 25
$104.5M
$-78.5K
Q1 25
$-34.5M
$-641.4K
Q4 24
$188.1M
$46.2K
Q3 24
$76.7M
$-258.5K
Q2 24
$-49.5M
$-187.0K
Q1 24
$50.3M
$-391.2K
FCF Margin
IDCC
IDCC
REFR
REFR
Q4 25
39.9%
-646.2%
Q3 25
240.1%
-40.0%
Q2 25
34.8%
-60.5%
Q1 25
-16.4%
-114.6%
Q4 24
74.4%
25.9%
Q3 24
59.6%
-72.9%
Q2 24
-22.1%
-38.2%
Q1 24
19.1%
-124.8%
Capex Intensity
IDCC
IDCC
REFR
REFR
Q4 25
0.1%
0.2%
Q3 25
0.4%
0.1%
Q2 25
0.2%
0.1%
Q1 25
6.9%
0.0%
Q4 24
1.6%
0.5%
Q3 24
0.7%
0.2%
Q2 24
0.3%
0.0%
Q1 24
0.2%
0.0%
Cash Conversion
IDCC
IDCC
REFR
REFR
Q4 25
1.48×
Q3 25
5.87×
Q2 25
0.58×
Q1 25
-0.17×
Q4 24
1.44×
Q3 24
2.27×
Q2 24
-0.45×
Q1 24
0.62×

Financial Flow Comparison

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

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