vs
Side-by-side financial comparison of Industrial Logistics Properties Trust (ILPT) 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 $113.9M, roughly 1.2× Industrial Logistics Properties Trust). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -1.6%, a 26.8% gap on every dollar of revenue. On growth, Industrial Logistics Properties Trust posted the faster year-over-year revenue change (3.1% vs -14.5%). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% CAGR vs -5.3%).
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
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.
ILPT vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $113.9M | $142.2M |
| Net Profit | $-1.8M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -22.1% | 30.1% |
| Net Margin | -1.6% | 25.2% |
| Revenue YoY | 3.1% | -14.5% |
| Net Profit YoY | 92.6% | -44.3% |
| EPS (diluted) | $-0.02 | $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 | $113.9M | $172.9M | ||
| Q3 25 | $110.9M | $139.6M | ||
| Q2 25 | $112.1M | $171.8M | ||
| Q1 25 | $111.9M | $166.3M | ||
| Q4 24 | $110.5M | $162.3M | ||
| Q3 24 | $108.9M | $161.6M | ||
| Q2 24 | $110.6M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-1.8M | $66.3M | ||
| Q3 25 | $-21.6M | $44.0M | ||
| Q2 25 | $-21.3M | $67.3M | ||
| Q1 25 | $-21.5M | $64.4M | ||
| Q4 24 | $-24.1M | $46.0M | ||
| Q3 24 | $-25.0M | $66.9M | ||
| Q2 24 | $-23.2M | $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 | -22.1% | 38.9% | ||
| Q3 25 | -29.4% | 30.9% | ||
| Q2 25 | -30.8% | 39.9% | ||
| Q1 25 | -26.9% | 41.9% | ||
| Q4 24 | -31.1% | 32.3% | ||
| Q3 24 | -33.5% | 41.5% | ||
| Q2 24 | -32.4% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -1.6% | 38.4% | ||
| Q3 25 | -19.4% | 31.5% | ||
| Q2 25 | -19.0% | 39.2% | ||
| Q1 25 | -19.2% | 38.8% | ||
| Q4 24 | -21.8% | 28.4% | ||
| Q3 24 | -22.9% | 41.4% | ||
| Q2 24 | -20.9% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.02 | $1.40 | ||
| Q3 25 | $-0.33 | $0.92 | ||
| Q2 25 | $-0.32 | $1.41 | ||
| Q1 25 | $-0.33 | $1.35 | ||
| Q4 24 | $-0.37 | $0.96 | ||
| Q3 24 | $-0.38 | $1.40 | ||
| Q2 24 | $-0.35 | $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 | $94.8M | $516.4M |
| Total DebtLower is stronger | $4.2B | — |
| Stockholders' EquityBook value | $489.7M | — |
| Total Assets | $5.2B | $1.9B |
| Debt / EquityLower = less leverage | 8.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $94.8M | $602.4M | ||
| Q3 25 | $83.2M | $603.0M | ||
| Q2 25 | $58.6M | $525.2M | ||
| Q1 25 | $108.0M | $571.3M | ||
| Q4 24 | $131.7M | $492.7M | ||
| Q3 24 | $153.9M | $551.6M | ||
| Q2 24 | $146.2M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.3B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $4.3B | — |
| Q1 26 | — | — | ||
| Q4 25 | $489.7M | $1.8B | ||
| Q3 25 | $494.1M | $1.7B | ||
| Q2 25 | $519.1M | $1.7B | ||
| Q1 25 | $539.5M | $1.7B | ||
| Q4 24 | $562.0M | $1.6B | ||
| Q3 24 | $585.9M | $1.6B | ||
| Q2 24 | $618.3M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $5.2B | $2.0B | ||
| Q3 25 | $5.2B | $1.9B | ||
| Q2 25 | $5.2B | $1.9B | ||
| Q1 25 | $5.4B | $1.9B | ||
| Q4 24 | $5.4B | $1.8B | ||
| Q3 24 | $5.5B | $1.8B | ||
| Q2 24 | $5.5B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 8.56× | — | ||
| Q3 25 | 8.49× | — | ||
| Q2 25 | 8.09× | — | ||
| Q1 25 | 7.96× | — | ||
| Q4 24 | 7.65× | — | ||
| Q3 24 | 7.35× | — | ||
| Q2 24 | 6.96× | — |
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 | $60.7M | $108.9M |
| Free Cash FlowOCF − Capex | $42.0M | — |
| FCF MarginFCF / Revenue | 36.9% | — |
| Capex IntensityCapex / Revenue | 16.4% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $79.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $60.7M | $31.1M | ||
| Q3 25 | $22.7M | $97.2M | ||
| Q2 25 | $18.4M | $51.9M | ||
| Q1 25 | $11.4M | $30.6M | ||
| Q4 24 | $2.0M | $34.7M | ||
| Q3 24 | $-3.4M | $79.9M | ||
| Q2 24 | $10.8M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $42.0M | $15.1M | ||
| Q3 25 | $17.6M | $84.3M | ||
| Q2 25 | $15.2M | $37.5M | ||
| Q1 25 | $5.0M | $17.5M | ||
| Q4 24 | $-3.7M | $22.0M | ||
| Q3 24 | $-5.9M | $66.2M | ||
| Q2 24 | $9.4M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 36.9% | 8.7% | ||
| Q3 25 | 15.9% | 60.4% | ||
| Q2 25 | 13.5% | 21.8% | ||
| Q1 25 | 4.5% | 10.5% | ||
| Q4 24 | -3.4% | 13.6% | ||
| Q3 24 | -5.5% | 41.0% | ||
| Q2 24 | 8.5% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 9.3% | ||
| Q3 25 | 4.6% | 9.2% | ||
| Q2 25 | 2.9% | 8.4% | ||
| Q1 25 | 5.7% | 7.9% | ||
| Q4 24 | 5.2% | 7.8% | ||
| Q3 24 | 2.3% | 8.4% | ||
| Q2 24 | 1.3% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | — | 0.77× | ||
| Q1 25 | — | 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
ILPT
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
