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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) 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 $104.0M, roughly 1.4× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 25.2%, a 13.5% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs -14.5%). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs -5.3%).
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
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.
NIC vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $142.2M |
| Net Profit | $40.3M | $35.9M |
| Gross Margin | — | 74.6% |
| Operating Margin | 48.3% | 30.1% |
| Net Margin | 38.8% | 25.2% |
| Revenue YoY | 12.5% | -14.5% |
| Net Profit YoY | 16.9% | -44.3% |
| EPS (diluted) | $2.63 | $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 | $104.0M | $172.9M | ||
| Q3 25 | $102.9M | $139.6M | ||
| Q2 25 | $95.7M | $171.8M | ||
| Q1 25 | $89.4M | $166.3M | ||
| Q4 24 | $92.4M | $162.3M | ||
| Q3 24 | $90.7M | $161.6M | ||
| Q2 24 | $85.0M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $40.3M | $66.3M | ||
| Q3 25 | $41.7M | $44.0M | ||
| Q2 25 | $36.0M | $67.3M | ||
| Q1 25 | $32.6M | $64.4M | ||
| Q4 24 | $34.5M | $46.0M | ||
| Q3 24 | $32.5M | $66.9M | ||
| Q2 24 | $29.3M | $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 | 48.3% | 38.9% | ||
| Q3 25 | 50.4% | 30.9% | ||
| Q2 25 | 46.8% | 39.9% | ||
| Q1 25 | 44.9% | 41.9% | ||
| Q4 24 | 46.8% | 32.3% | ||
| Q3 24 | 45.0% | 41.5% | ||
| Q2 24 | 43.3% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 38.8% | 38.4% | ||
| Q3 25 | 40.6% | 31.5% | ||
| Q2 25 | 37.6% | 39.2% | ||
| Q1 25 | 36.4% | 38.8% | ||
| Q4 24 | 37.3% | 28.4% | ||
| Q3 24 | 35.8% | 41.4% | ||
| Q2 24 | 34.5% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $2.63 | $1.40 | ||
| Q3 25 | $2.73 | $0.92 | ||
| Q2 25 | $2.34 | $1.41 | ||
| Q1 25 | $2.08 | $1.35 | ||
| Q4 24 | $2.21 | $0.96 | ||
| Q3 24 | $2.10 | $1.40 | ||
| Q2 24 | $1.92 | $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 | — | $516.4M |
| Total DebtLower is stronger | $134.9M | — |
| Stockholders' EquityBook value | $1.3B | — |
| Total Assets | $9.2B | $1.9B |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 |
| Q1 26 | — | — | ||
| Q4 25 | $134.9M | — | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $134.3M | — | ||
| Q1 25 | $156.6M | — | ||
| Q4 24 | $161.4M | — | ||
| Q3 24 | $161.2M | — | ||
| Q2 24 | $162.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.2B | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $9.2B | $2.0B | ||
| Q3 25 | $9.0B | $1.9B | ||
| Q2 25 | $8.9B | $1.9B | ||
| Q1 25 | $9.0B | $1.9B | ||
| Q4 24 | $8.8B | $1.8B | ||
| Q3 24 | $8.6B | $1.8B | ||
| Q2 24 | $8.6B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.11× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.15× | — |
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 | $153.5M | $108.9M |
| Free Cash FlowOCF − Capex | $149.4M | — |
| FCF MarginFCF / Revenue | 143.7% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 3.81× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $153.5M | $31.1M | ||
| Q3 25 | $45.9M | $97.2M | ||
| Q2 25 | $38.9M | $51.9M | ||
| Q1 25 | $41.8M | $30.6M | ||
| Q4 24 | $133.7M | $34.7M | ||
| Q3 24 | $39.6M | $79.9M | ||
| Q2 24 | $37.3M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.4M | $15.1M | ||
| Q3 25 | $45.9M | $84.3M | ||
| Q2 25 | $38.4M | $37.5M | ||
| Q1 25 | $41.3M | $17.5M | ||
| Q4 24 | $116.8M | $22.0M | ||
| Q3 24 | $34.7M | $66.2M | ||
| Q2 24 | $34.4M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 143.7% | 8.7% | ||
| Q3 25 | 44.6% | 60.4% | ||
| Q2 25 | 40.1% | 21.8% | ||
| Q1 25 | 46.2% | 10.5% | ||
| Q4 24 | 126.4% | 13.6% | ||
| Q3 24 | 38.3% | 41.0% | ||
| Q2 24 | 40.5% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 9.3% | ||
| Q3 25 | 0.0% | 9.2% | ||
| Q2 25 | 0.6% | 8.4% | ||
| Q1 25 | 0.5% | 7.9% | ||
| Q4 24 | 18.3% | 7.8% | ||
| Q3 24 | 5.4% | 8.4% | ||
| Q2 24 | 3.5% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 3.81× | 0.47× | ||
| Q3 25 | 1.10× | 2.21× | ||
| Q2 25 | 1.08× | 0.77× | ||
| Q1 25 | 1.28× | 0.47× | ||
| Q4 24 | 3.88× | 0.75× | ||
| Q3 24 | 1.22× | 1.19× | ||
| Q2 24 | 1.28× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NIC
Segment breakdown not available.
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
