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Side-by-side financial comparison of KULR Technology Group, Inc. (KULR) 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 ($172.9M vs $2.9M, roughly 60.4× KULR Technology Group, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs -1545.5%, a 1583.8% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (6.6% vs -15.0%). UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M vs $-16.2M). Over the past eight quarters, KULR Technology Group, Inc.'s revenue compounded faster (28.0% CAGR vs 2.3%).
KULR Technology Group, Inc. develops and manufactures high-performance thermal management and energy safety solutions. Its core offerings include heat dissipation materials, battery safety systems and temperature control components, serving clients across aerospace, electric vehicle, consumer electronics and renewable energy sectors in major global markets.
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.
KULR vs OLED — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.9M | $172.9M |
| Net Profit | $-44.3M | $66.3M |
| Gross Margin | -27.2% | 76.1% |
| Operating Margin | -536.6% | 38.9% |
| Net Margin | -1545.5% | 38.4% |
| Revenue YoY | -15.0% | 6.6% |
| Net Profit YoY | -857.9% | 44.2% |
| EPS (diluted) | $-1.54 | $1.40 |
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.
| Q4 25 | $2.9M | $172.9M | ||
| Q3 25 | $6.9M | $139.6M | ||
| Q2 25 | $4.0M | $171.8M | ||
| Q1 25 | $2.4M | $166.3M | ||
| Q4 24 | $3.4M | $162.3M | ||
| Q3 24 | $3.2M | $161.6M | ||
| Q2 24 | $2.4M | $158.5M | ||
| Q1 24 | $1.7M | $165.3M |
| Q4 25 | $-44.3M | $66.3M | ||
| Q3 25 | $-7.0M | $44.0M | ||
| Q2 25 | $8.1M | $67.3M | ||
| Q1 25 | $-18.8M | $64.4M | ||
| Q4 24 | $-4.6M | $46.0M | ||
| Q3 24 | $-2.0M | $66.9M | ||
| Q2 24 | $-5.9M | $52.3M | ||
| Q1 24 | $-5.0M | $56.9M |
| Q4 25 | -27.2% | 76.1% | ||
| Q3 25 | 9.1% | 74.6% | ||
| Q2 25 | 18.0% | 77.2% | ||
| Q1 25 | 8.4% | 77.1% | ||
| Q4 24 | 63.6% | 77.0% | ||
| Q3 24 | 70.9% | 77.8% | ||
| Q2 24 | 23.5% | 75.8% | ||
| Q1 24 | 29.2% | 77.6% |
| Q4 25 | -536.6% | 38.9% | ||
| Q3 25 | -126.9% | 30.9% | ||
| Q2 25 | -237.9% | 39.9% | ||
| Q1 25 | -385.7% | 41.9% | ||
| Q4 24 | -105.1% | 32.3% | ||
| Q3 24 | -53.7% | 41.5% | ||
| Q2 24 | -219.0% | 35.6% | ||
| Q1 24 | -266.2% | 38.0% |
| Q4 25 | -1545.5% | 38.4% | ||
| Q3 25 | -101.3% | 31.5% | ||
| Q2 25 | 204.9% | 39.2% | ||
| Q1 25 | -768.1% | 38.8% | ||
| Q4 24 | -137.1% | 28.4% | ||
| Q3 24 | -62.9% | 41.4% | ||
| Q2 24 | -242.2% | 33.0% | ||
| Q1 24 | -286.4% | 34.4% |
| Q4 25 | $-1.54 | $1.40 | ||
| Q3 25 | $-0.17 | $0.92 | ||
| Q2 25 | $0.22 | $1.41 | ||
| Q1 25 | $-0.07 | $1.35 | ||
| Q4 24 | $-0.37 | $0.96 | ||
| Q3 24 | $-0.08 | $1.40 | ||
| Q2 24 | $-0.26 | $1.10 | ||
| Q1 24 | $-0.04 | $1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.3M | $602.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $121.6M | $1.8B |
| Total Assets | $129.0M | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.3M | $602.4M | ||
| Q3 25 | $20.6M | $603.0M | ||
| Q2 25 | $20.6M | $525.2M | ||
| Q1 25 | $24.4M | $571.3M | ||
| Q4 24 | $29.8M | $492.7M | ||
| Q3 24 | $912.4K | $551.6M | ||
| Q2 24 | $1.0M | $530.5M | ||
| Q1 24 | $798.8K | $539.3M |
| Q4 25 | $121.6M | $1.8B | ||
| Q3 25 | $148.0M | $1.7B | ||
| Q2 25 | $136.4M | $1.7B | ||
| Q1 25 | $89.7M | $1.7B | ||
| Q4 24 | $57.4M | $1.6B | ||
| Q3 24 | $5.2M | $1.6B | ||
| Q2 24 | $3.8M | $1.5B | ||
| Q1 24 | $2.6M | $1.5B |
| Q4 25 | $129.0M | $2.0B | ||
| Q3 25 | $156.1M | $1.9B | ||
| Q2 25 | $141.5M | $1.9B | ||
| Q1 25 | $93.8M | $1.9B | ||
| Q4 24 | $62.9M | $1.8B | ||
| Q3 24 | $12.4M | $1.8B | ||
| Q2 24 | $11.4M | $1.8B | ||
| Q1 24 | $11.3M | $1.7B |
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 | $-13.8M | $31.1M |
| Free Cash FlowOCF − Capex | $-16.2M | $15.1M |
| FCF MarginFCF / Revenue | -567.4% | 8.7% |
| Capex IntensityCapex / Revenue | 84.0% | 9.3% |
| Cash ConversionOCF / Net Profit | — | 0.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-47.9M | $154.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-13.8M | $31.1M | ||
| Q3 25 | $-9.3M | $97.2M | ||
| Q2 25 | $-11.9M | $51.9M | ||
| Q1 25 | $-9.8M | $30.6M | ||
| Q4 24 | $-4.8M | $34.7M | ||
| Q3 24 | $-3.3M | $79.9M | ||
| Q2 24 | $-5.3M | $67.0M | ||
| Q1 24 | $-3.9M | $72.2M |
| Q4 25 | $-16.2M | $15.1M | ||
| Q3 25 | $-9.6M | $84.3M | ||
| Q2 25 | $-12.2M | $37.5M | ||
| Q1 25 | $-9.9M | $17.5M | ||
| Q4 24 | $-5.2M | $22.0M | ||
| Q3 24 | $-3.4M | $66.2M | ||
| Q2 24 | $-5.4M | $57.9M | ||
| Q1 24 | $-3.9M | $65.0M |
| Q4 25 | -567.4% | 8.7% | ||
| Q3 25 | -138.9% | 60.4% | ||
| Q2 25 | -306.1% | 21.8% | ||
| Q1 25 | -404.0% | 10.5% | ||
| Q4 24 | -155.1% | 13.6% | ||
| Q3 24 | -105.3% | 41.0% | ||
| Q2 24 | -222.6% | 36.5% | ||
| Q1 24 | -224.2% | 39.3% |
| Q4 25 | 84.0% | 9.3% | ||
| Q3 25 | 3.6% | 9.2% | ||
| Q2 25 | 5.4% | 8.4% | ||
| Q1 25 | 4.9% | 7.9% | ||
| Q4 24 | 11.4% | 7.8% | ||
| Q3 24 | 1.7% | 8.4% | ||
| Q2 24 | 5.0% | 5.8% | ||
| Q1 24 | 0.8% | 4.4% |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | -1.47× | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× | ||
| Q1 24 | — | 1.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KULR
Segment breakdown not available.
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
