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Side-by-side financial comparison of IHS Holding Ltd (IHS) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $142.2M, roughly 1.8× UNIVERSAL DISPLAY CORP \PA\). On growth, IHS Holding Ltd posted the faster year-over-year revenue change (0.1% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -22.0%).
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.
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.
IHS vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $142.2M |
| Net Profit | — | $35.9M |
| Gross Margin | 83.6% | 74.6% |
| Operating Margin | — | 30.1% |
| Net Margin | — | 25.2% |
| Revenue YoY | 0.1% | -14.5% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | — | $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 | $254.0M | $172.9M | ||
| Q3 25 | $455.1M | $139.6M | ||
| Q2 25 | $433.3M | $171.8M | ||
| Q1 25 | $439.6M | $166.3M | ||
| Q4 24 | $253.8M | $162.3M | ||
| Q3 24 | $420.3M | $161.6M | ||
| Q2 24 | $435.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | — | $66.3M | ||
| Q3 25 | $147.4M | $44.0M | ||
| Q2 25 | $32.3M | $67.3M | ||
| Q1 25 | $30.7M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $-205.7M | $66.9M | ||
| Q2 24 | $-124.3M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 83.6% | 76.1% | ||
| Q3 25 | 47.5% | 74.6% | ||
| Q2 25 | 51.3% | 77.2% | ||
| Q1 25 | 51.4% | 77.1% | ||
| Q4 24 | 72.1% | 77.0% | ||
| Q3 24 | 52.0% | 77.8% | ||
| Q2 24 | 52.5% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | 35.1% | 30.9% | ||
| Q2 25 | 33.8% | 39.9% | ||
| Q1 25 | 37.1% | 41.9% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | 29.9% | 41.5% | ||
| Q2 24 | 34.0% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | — | 38.4% | ||
| Q3 25 | 32.4% | 31.5% | ||
| Q2 25 | 7.5% | 39.2% | ||
| Q1 25 | 7.0% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | -48.9% | 41.4% | ||
| Q2 24 | -28.5% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $1.40 | ||
| Q3 25 | $0.44 | $0.92 | ||
| Q2 25 | $0.10 | $1.41 | ||
| Q1 25 | $0.10 | $1.35 | ||
| Q4 24 | — | $0.96 | ||
| Q3 24 | $-0.61 | $1.40 | ||
| Q2 24 | $-0.36 | $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 | $825.7M | $516.4M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $-89.8M | — |
| Total Assets | $4.5B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $825.7M | $602.4M | ||
| Q3 25 | $647.6M | $603.0M | ||
| Q2 25 | $531.8M | $525.2M | ||
| Q1 25 | $629.0M | $571.3M | ||
| Q4 24 | $578.0M | $492.7M | ||
| Q3 24 | $397.5M | $551.6M | ||
| Q2 24 | $445.7M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-89.8M | $1.8B | ||
| Q3 25 | $38.1M | $1.7B | ||
| Q2 25 | $-98.4M | $1.7B | ||
| Q1 25 | $-184.4M | $1.7B | ||
| Q4 24 | $-314.4M | $1.6B | ||
| Q3 24 | $-284.7M | $1.6B | ||
| Q2 24 | $-308.3M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $4.7B | $1.9B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.4B | $1.9B | ||
| Q4 24 | $4.2B | $1.8B | ||
| Q3 24 | $4.6B | $1.8B | ||
| Q2 24 | $4.5B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 85.85× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $246.9M | $108.9M |
| Free Cash FlowOCF − Capex | $178.6M | — |
| FCF MarginFCF / Revenue | 70.3% | — |
| Capex IntensityCapex / Revenue | 26.9% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $246.9M | $31.1M | ||
| Q3 25 | $251.3M | $97.2M | ||
| Q2 25 | $237.7M | $51.9M | ||
| Q1 25 | $200.3M | $30.6M | ||
| Q4 24 | $344.4M | $34.7M | ||
| Q3 24 | $174.5M | $79.9M | ||
| Q2 24 | $134.7M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $178.6M | $15.1M | ||
| Q3 25 | $189.2M | $84.3M | ||
| Q2 25 | $197.7M | $37.5M | ||
| Q1 25 | $153.2M | $17.5M | ||
| Q4 24 | $282.9M | $22.0M | ||
| Q3 24 | $122.3M | $66.2M | ||
| Q2 24 | $74.2M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 70.3% | 8.7% | ||
| Q3 25 | 41.6% | 60.4% | ||
| Q2 25 | 45.6% | 21.8% | ||
| Q1 25 | 34.8% | 10.5% | ||
| Q4 24 | 111.5% | 13.6% | ||
| Q3 24 | 29.1% | 41.0% | ||
| Q2 24 | 17.0% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 26.9% | 9.3% | ||
| Q3 25 | 13.6% | 9.2% | ||
| Q2 25 | 9.2% | 8.4% | ||
| Q1 25 | 10.7% | 7.9% | ||
| Q4 24 | 24.2% | 7.8% | ||
| Q3 24 | 12.4% | 8.4% | ||
| Q2 24 | 13.9% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 1.70× | 2.21× | ||
| Q2 25 | 7.36× | 0.77× | ||
| Q1 25 | 6.52× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IHS
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
