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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) 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 $77.4M, roughly 1.8× InvenTrust Properties Corp.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 3.4%, a 21.8% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -14.5%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% CAGR vs -5.3%).

InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.

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.

IVT vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.8× larger
OLED
$142.2M
$77.4M
IVT
Growing faster (revenue YoY)
IVT
IVT
+23.1% gap
IVT
8.6%
-14.5%
OLED
Higher net margin
OLED
OLED
21.8% more per $
OLED
25.2%
3.4%
IVT
Faster 2-yr revenue CAGR
IVT
IVT
Annualised
IVT
7.6%
-5.3%
OLED

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IVT
IVT
OLED
OLED
Revenue
$77.4M
$142.2M
Net Profit
$2.7M
$35.9M
Gross Margin
74.6%
Operating Margin
-11.0%
30.1%
Net Margin
3.4%
25.2%
Revenue YoY
8.6%
-14.5%
Net Profit YoY
-72.8%
-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.

Revenue
IVT
IVT
OLED
OLED
Q1 26
$142.2M
Q4 25
$77.4M
$172.9M
Q3 25
$74.5M
$139.6M
Q2 25
$73.6M
$171.8M
Q1 25
$73.8M
$166.3M
Q4 24
$71.2M
$162.3M
Q3 24
$68.5M
$161.6M
Q2 24
$67.4M
$158.5M
Net Profit
IVT
IVT
OLED
OLED
Q1 26
$35.9M
Q4 25
$2.7M
$66.3M
Q3 25
$6.0M
$44.0M
Q2 25
$95.9M
$67.3M
Q1 25
$6.8M
$64.4M
Q4 24
$9.8M
$46.0M
Q3 24
$-539.0K
$66.9M
Q2 24
$1.5M
$52.3M
Gross Margin
IVT
IVT
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
IVT
IVT
OLED
OLED
Q1 26
30.1%
Q4 25
-11.0%
38.9%
Q3 25
-9.8%
30.9%
Q2 25
39.9%
Q1 25
-10.5%
41.9%
Q4 24
-3.6%
32.3%
Q3 24
-18.7%
41.5%
Q2 24
-13.6%
35.6%
Net Margin
IVT
IVT
OLED
OLED
Q1 26
25.2%
Q4 25
3.4%
38.4%
Q3 25
8.1%
31.5%
Q2 25
130.4%
39.2%
Q1 25
9.2%
38.8%
Q4 24
13.8%
28.4%
Q3 24
-0.8%
41.4%
Q2 24
2.2%
33.0%
EPS (diluted)
IVT
IVT
OLED
OLED
Q1 26
$0.76
Q4 25
$0.02
$1.40
Q3 25
$0.08
$0.92
Q2 25
$1.23
$1.41
Q1 25
$0.09
$1.35
Q4 24
$0.14
$0.96
Q3 24
$-0.01
$1.40
Q2 24
$0.02
$1.10

Balance Sheet & Financial Strength

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

Metric
IVT
IVT
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$516.4M
Total DebtLower is stronger
$825.9M
Stockholders' EquityBook value
$1.8B
Total Assets
$2.8B
$1.9B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVT
IVT
OLED
OLED
Q1 26
$516.4M
Q4 25
$602.4M
Q3 25
$603.0M
Q2 25
$525.2M
Q1 25
$571.3M
Q4 24
$492.7M
Q3 24
$551.6M
Q2 24
$530.5M
Total Debt
IVT
IVT
OLED
OLED
Q1 26
Q4 25
$825.9M
Q3 25
$764.6M
Q2 25
$746.3M
Q1 25
$740.7M
Q4 24
$740.4M
Q3 24
$740.1M
Q2 24
$812.2M
Stockholders' Equity
IVT
IVT
OLED
OLED
Q1 26
Q4 25
$1.8B
$1.8B
Q3 25
$1.8B
$1.7B
Q2 25
$1.8B
$1.7B
Q1 25
$1.7B
$1.7B
Q4 24
$1.8B
$1.6B
Q3 24
$1.8B
$1.6B
Q2 24
$1.5B
$1.5B
Total Assets
IVT
IVT
OLED
OLED
Q1 26
$1.9B
Q4 25
$2.8B
$2.0B
Q3 25
$2.7B
$1.9B
Q2 25
$2.7B
$1.9B
Q1 25
$2.6B
$1.9B
Q4 24
$2.6B
$1.8B
Q3 24
$2.6B
$1.8B
Q2 24
$2.5B
$1.8B
Debt / Equity
IVT
IVT
OLED
OLED
Q1 26
Q4 25
0.46×
Q3 25
0.42×
Q2 25
0.41×
Q1 25
0.42×
Q4 24
0.42×
Q3 24
0.42×
Q2 24
0.53×

Cash Flow & Capital Efficiency

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

Metric
IVT
IVT
OLED
OLED
Operating Cash FlowLast quarter
$155.4M
$108.9M
Free Cash FlowOCF − Capex
$110.9M
FCF MarginFCF / Revenue
143.3%
Capex IntensityCapex / Revenue
57.5%
Cash ConversionOCF / Net Profit
58.41×
3.03×
TTM Free Cash FlowTrailing 4 quarters
$193.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVT
IVT
OLED
OLED
Q1 26
$108.9M
Q4 25
$155.4M
$31.1M
Q3 25
$43.8M
$97.2M
Q2 25
$48.7M
$51.9M
Q1 25
$20.2M
$30.6M
Q4 24
$136.9M
$34.7M
Q3 24
$38.4M
$79.9M
Q2 24
$46.7M
$67.0M
Free Cash Flow
IVT
IVT
OLED
OLED
Q1 26
Q4 25
$110.9M
$15.1M
Q3 25
$31.4M
$84.3M
Q2 25
$38.0M
$37.5M
Q1 25
$12.8M
$17.5M
Q4 24
$100.8M
$22.0M
Q3 24
$29.3M
$66.2M
Q2 24
$37.2M
$57.9M
FCF Margin
IVT
IVT
OLED
OLED
Q1 26
Q4 25
143.3%
8.7%
Q3 25
42.2%
60.4%
Q2 25
51.6%
21.8%
Q1 25
17.4%
10.5%
Q4 24
141.5%
13.6%
Q3 24
42.8%
41.0%
Q2 24
55.2%
36.5%
Capex Intensity
IVT
IVT
OLED
OLED
Q1 26
Q4 25
57.5%
9.3%
Q3 25
16.7%
9.2%
Q2 25
14.6%
8.4%
Q1 25
10.0%
7.9%
Q4 24
50.7%
7.8%
Q3 24
13.3%
8.4%
Q2 24
14.0%
5.8%
Cash Conversion
IVT
IVT
OLED
OLED
Q1 26
3.03×
Q4 25
58.41×
0.47×
Q3 25
7.27×
2.21×
Q2 25
0.51×
0.77×
Q1 25
2.97×
0.47×
Q4 24
13.97×
0.75×
Q3 24
1.19×
Q2 24
31.15×
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVT
IVT

Segment breakdown not available.

OLED
OLED

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

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