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Side-by-side financial comparison of Kennedy-Wilson Holdings, Inc. (KW) 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 $120.6M, roughly 1.2× Kennedy-Wilson Holdings, Inc.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 25.2%, a 22.9% gap on every dollar of revenue. On growth, Kennedy-Wilson Holdings, Inc. posted the faster year-over-year revenue change (-11.0% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -6.0%).
Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.
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.
KW vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.6M | $142.2M |
| Net Profit | $58.0M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 57.3% | 30.1% |
| Net Margin | 48.1% | 25.2% |
| Revenue YoY | -11.0% | -14.5% |
| Net Profit YoY | 32.7% | -44.3% |
| EPS (diluted) | $0.22 | $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 | $120.6M | $172.9M | ||
| Q3 25 | $116.4M | $139.6M | ||
| Q2 25 | $135.7M | $171.8M | ||
| Q1 25 | $128.3M | $166.3M | ||
| Q4 24 | $135.5M | $162.3M | ||
| Q3 24 | $127.5M | $161.6M | ||
| Q2 24 | $132.0M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $58.0M | $66.3M | ||
| Q3 25 | $-10.2M | $44.0M | ||
| Q2 25 | $5.6M | $67.3M | ||
| Q1 25 | $-29.6M | $64.4M | ||
| Q4 24 | $43.7M | $46.0M | ||
| Q3 24 | $-66.8M | $66.9M | ||
| Q2 24 | $-48.3M | $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 | 57.3% | 38.9% | ||
| Q3 25 | -6.2% | 30.9% | ||
| Q2 25 | 7.4% | 39.9% | ||
| Q1 25 | -26.9% | 41.9% | ||
| Q4 24 | 36.7% | 32.3% | ||
| Q3 24 | -60.8% | 41.5% | ||
| Q2 24 | -45.5% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 48.1% | 38.4% | ||
| Q3 25 | -8.8% | 31.5% | ||
| Q2 25 | 4.1% | 39.2% | ||
| Q1 25 | -23.1% | 38.8% | ||
| Q4 24 | 32.3% | 28.4% | ||
| Q3 24 | -52.4% | 41.4% | ||
| Q2 24 | -36.6% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.22 | $1.40 | ||
| Q3 25 | $-0.15 | $0.92 | ||
| Q2 25 | $-0.05 | $1.41 | ||
| Q1 25 | $-0.30 | $1.35 | ||
| Q4 24 | $0.24 | $0.96 | ||
| Q3 24 | $-0.56 | $1.40 | ||
| Q2 24 | $-0.43 | $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 | $184.5M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.5B | — |
| Total Assets | $6.6B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $184.5M | $602.4M | ||
| Q3 25 | $382.6M | $603.0M | ||
| Q2 25 | $309.1M | $525.2M | ||
| Q1 25 | $356.6M | $571.3M | ||
| Q4 24 | $217.5M | $492.7M | ||
| Q3 24 | $367.1M | $551.6M | ||
| Q2 24 | $366.5M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.5B | $1.7B | ||
| Q2 25 | $1.6B | $1.7B | ||
| Q1 25 | $1.6B | $1.7B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.7B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $6.6B | $2.0B | ||
| Q3 25 | $6.7B | $1.9B | ||
| Q2 25 | $6.8B | $1.9B | ||
| Q1 25 | $7.2B | $1.9B | ||
| Q4 24 | $7.0B | $1.8B | ||
| Q3 24 | $7.4B | $1.8B | ||
| Q2 24 | $7.5B | $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 | $11.4M | $108.9M |
| Free Cash FlowOCF − Capex | $-55.2M | — |
| FCF MarginFCF / Revenue | -45.8% | — |
| Capex IntensityCapex / Revenue | 55.2% | — |
| Cash ConversionOCF / Net Profit | 0.20× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-103.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $11.4M | $31.1M | ||
| Q3 25 | $-7.6M | $97.2M | ||
| Q2 25 | $42.0M | $51.9M | ||
| Q1 25 | $-51.9M | $30.6M | ||
| Q4 24 | $55.1M | $34.7M | ||
| Q3 24 | $-5.6M | $79.9M | ||
| Q2 24 | $36.7M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.2M | $15.1M | ||
| Q3 25 | $-18.0M | $84.3M | ||
| Q2 25 | $29.4M | $37.5M | ||
| Q1 25 | $-59.7M | $17.5M | ||
| Q4 24 | $-76.5M | $22.0M | ||
| Q3 24 | $-27.7M | $66.2M | ||
| Q2 24 | $-500.0K | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | -45.8% | 8.7% | ||
| Q3 25 | -15.5% | 60.4% | ||
| Q2 25 | 21.7% | 21.8% | ||
| Q1 25 | -46.5% | 10.5% | ||
| Q4 24 | -56.5% | 13.6% | ||
| Q3 24 | -21.7% | 41.0% | ||
| Q2 24 | -0.4% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 55.2% | 9.3% | ||
| Q3 25 | 8.9% | 9.2% | ||
| Q2 25 | 9.3% | 8.4% | ||
| Q1 25 | 6.1% | 7.9% | ||
| Q4 24 | 97.1% | 7.8% | ||
| Q3 24 | 17.3% | 8.4% | ||
| Q2 24 | 28.2% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 0.20× | 0.47× | ||
| Q3 25 | — | 2.21× | ||
| Q2 25 | 7.50× | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | 1.26× | 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
KW
| Consolidated Portfolio Segment | $84.9M | 70% |
| Investment Management Fees | $30.4M | 25% |
| Real Estate | $5.1M | 4% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
