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Side-by-side financial comparison of NPK International Inc. (NPKI) 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 $75.2M, roughly 1.9× NPK International Inc.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -14.5%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -5.3%).
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.
NPKI vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $142.2M |
| Net Profit | — | $35.9M |
| Gross Margin | 37.7% | 74.6% |
| Operating Margin | 16.7% | 30.1% |
| Net Margin | — | 25.2% |
| Revenue YoY | 30.7% | -14.5% |
| Net Profit YoY | — | -44.3% |
| EPS (diluted) | $0.17 | $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 | $75.2M | $172.9M | ||
| Q3 25 | $68.8M | $139.6M | ||
| Q2 25 | $68.2M | $171.8M | ||
| Q1 25 | $64.8M | $166.3M | ||
| Q4 24 | $57.5M | $162.3M | ||
| Q3 24 | $44.2M | $161.6M | ||
| Q2 24 | $66.8M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | — | $66.3M | ||
| Q3 25 | $5.7M | $44.0M | ||
| Q2 25 | $8.7M | $67.3M | ||
| Q1 25 | $10.0M | $64.4M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $-174.3M | $66.9M | ||
| Q2 24 | $8.0M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 37.7% | 76.1% | ||
| Q3 25 | 31.9% | 74.6% | ||
| Q2 25 | 36.9% | 77.2% | ||
| Q1 25 | 39.0% | 77.1% | ||
| Q4 24 | 39.2% | 77.0% | ||
| Q3 24 | 27.5% | 77.8% | ||
| Q2 24 | 37.2% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 16.7% | 38.9% | ||
| Q3 25 | 13.2% | 30.9% | ||
| Q2 25 | 17.0% | 39.9% | ||
| Q1 25 | 20.9% | 41.9% | ||
| Q4 24 | 20.2% | 32.3% | ||
| Q3 24 | 2.8% | 41.5% | ||
| Q2 24 | 18.7% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | — | 38.4% | ||
| Q3 25 | 8.2% | 31.5% | ||
| Q2 25 | 12.7% | 39.2% | ||
| Q1 25 | 15.4% | 38.8% | ||
| Q4 24 | — | 28.4% | ||
| Q3 24 | -394.3% | 41.4% | ||
| Q2 24 | 12.0% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.17 | $1.40 | ||
| Q3 25 | $0.07 | $0.92 | ||
| Q2 25 | $0.10 | $1.41 | ||
| Q1 25 | $0.11 | $1.35 | ||
| Q4 24 | $0.10 | $0.96 | ||
| Q3 24 | $-1.99 | $1.40 | ||
| Q2 24 | $0.09 | $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 | $5.1M | $516.4M |
| Total DebtLower is stronger | $16.9M | — |
| Stockholders' EquityBook value | $351.2M | — |
| Total Assets | $441.8M | $1.9B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $5.1M | $602.4M | ||
| Q3 25 | $35.6M | $603.0M | ||
| Q2 25 | $26.0M | $525.2M | ||
| Q1 25 | $20.8M | $571.3M | ||
| Q4 24 | $17.8M | $492.7M | ||
| Q3 24 | $42.9M | $551.6M | ||
| Q2 24 | $35.1M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $9.3M | — | ||
| Q1 25 | $8.1M | — | ||
| Q4 24 | $7.7M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $58.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $351.2M | $1.8B | ||
| Q3 25 | $333.9M | $1.7B | ||
| Q2 25 | $328.8M | $1.7B | ||
| Q1 25 | $326.9M | $1.7B | ||
| Q4 24 | $326.5M | $1.6B | ||
| Q3 24 | $316.5M | $1.6B | ||
| Q2 24 | $426.6M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $441.8M | $2.0B | ||
| Q3 25 | $404.5M | $1.9B | ||
| Q2 25 | $393.7M | $1.9B | ||
| Q1 25 | $390.0M | $1.9B | ||
| Q4 24 | $393.7M | $1.8B | ||
| Q3 24 | $389.6M | $1.8B | ||
| Q2 24 | $624.8M | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.14× | — |
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 | $18.0M | $108.9M |
| Free Cash FlowOCF − Capex | $5.8M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 16.3% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $18.0M | $31.1M | ||
| Q3 25 | $24.7M | $97.2M | ||
| Q2 25 | $21.4M | $51.9M | ||
| Q1 25 | $8.8M | $30.6M | ||
| Q4 24 | $-4.1M | $34.7M | ||
| Q3 24 | $2.8M | $79.9M | ||
| Q2 24 | $27.6M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $5.8M | $15.1M | ||
| Q3 25 | $12.0M | $84.3M | ||
| Q2 25 | $9.7M | $37.5M | ||
| Q1 25 | $-1.2M | $17.5M | ||
| Q4 24 | $-17.7M | $22.0M | ||
| Q3 24 | $-6.7M | $66.2M | ||
| Q2 24 | $21.0M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 8.7% | ||
| Q3 25 | 17.4% | 60.4% | ||
| Q2 25 | 14.3% | 21.8% | ||
| Q1 25 | -1.8% | 10.5% | ||
| Q4 24 | -30.8% | 13.6% | ||
| Q3 24 | -15.2% | 41.0% | ||
| Q2 24 | 31.4% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 16.3% | 9.3% | ||
| Q3 25 | 18.5% | 9.2% | ||
| Q2 25 | 17.1% | 8.4% | ||
| Q1 25 | 15.5% | 7.9% | ||
| Q4 24 | 23.6% | 7.8% | ||
| Q3 24 | 21.4% | 8.4% | ||
| Q2 24 | 9.9% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 4.37× | 2.21× | ||
| Q2 25 | 2.47× | 0.77× | ||
| Q1 25 | 0.88× | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | 3.43× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
