vs
Side-by-side financial comparison of JBG SMITH Properties (JBGS) 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 $127.6M, roughly 1.1× JBG SMITH Properties). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -35.7%, a 60.9% gap on every dollar of revenue. On growth, JBG SMITH Properties posted the faster year-over-year revenue change (-2.5% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -6.3%).
JBG SMITH PropertiesJBGSEarnings & Financial Report
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland.
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.
JBGS vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $127.6M | $142.2M |
| Net Profit | $-45.5M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | -47.5% | 30.1% |
| Net Margin | -35.7% | 25.2% |
| Revenue YoY | -2.5% | -14.5% |
| Net Profit YoY | 24.0% | -44.3% |
| EPS (diluted) | $-0.76 | $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 | $127.6M | $172.9M | ||
| Q3 25 | $123.9M | $139.6M | ||
| Q2 25 | $126.5M | $171.8M | ||
| Q1 25 | $120.7M | $166.3M | ||
| Q4 24 | $130.8M | $162.3M | ||
| Q3 24 | $136.0M | $161.6M | ||
| Q2 24 | $135.3M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-45.5M | $66.3M | ||
| Q3 25 | $-28.6M | $44.0M | ||
| Q2 25 | $-19.2M | $67.3M | ||
| Q1 25 | $-45.7M | $64.4M | ||
| Q4 24 | $-59.9M | $46.0M | ||
| Q3 24 | $-27.0M | $66.9M | ||
| Q2 24 | $-24.4M | $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 | -47.5% | 38.9% | ||
| Q3 25 | -27.5% | 30.9% | ||
| Q2 25 | -18.4% | 39.9% | ||
| Q1 25 | -44.7% | 41.9% | ||
| Q4 24 | -53.6% | 32.3% | ||
| Q3 24 | -22.4% | 41.5% | ||
| Q2 24 | -24.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -35.7% | 38.4% | ||
| Q3 25 | -23.1% | 31.5% | ||
| Q2 25 | -15.2% | 39.2% | ||
| Q1 25 | -37.9% | 38.8% | ||
| Q4 24 | -45.8% | 28.4% | ||
| Q3 24 | -19.8% | 41.4% | ||
| Q2 24 | -18.0% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.76 | $1.40 | ||
| Q3 25 | $-0.48 | $0.92 | ||
| Q2 25 | $-0.29 | $1.41 | ||
| Q1 25 | $-0.56 | $1.35 | ||
| Q4 24 | $-0.70 | $0.96 | ||
| Q3 24 | $-0.32 | $1.40 | ||
| Q2 24 | $-0.27 | $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 | $75.3M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | — |
| Total Assets | $4.4B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $75.3M | $602.4M | ||
| Q3 25 | $64.4M | $603.0M | ||
| Q2 25 | $61.4M | $525.2M | ||
| Q1 25 | $81.3M | $571.3M | ||
| Q4 24 | $145.8M | $492.7M | ||
| Q3 24 | $137.0M | $551.6M | ||
| Q2 24 | $163.5M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.9B | $1.6B | ||
| Q2 24 | $2.0B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.4B | $2.0B | ||
| Q3 25 | $4.4B | $1.9B | ||
| Q2 25 | $4.5B | $1.9B | ||
| Q1 25 | $4.7B | $1.9B | ||
| Q4 24 | $5.0B | $1.8B | ||
| Q3 24 | $5.2B | $1.8B | ||
| Q2 24 | $5.3B | $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 | $73.3M | $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 | $73.3M | $31.1M | ||
| Q3 25 | $8.9M | $97.2M | ||
| Q2 25 | $18.8M | $51.9M | ||
| Q1 25 | $12.9M | $30.6M | ||
| Q4 24 | $129.4M | $34.7M | ||
| Q3 24 | $26.4M | $79.9M | ||
| Q2 24 | $23.8M | $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 | — | 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
JBGS
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
