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Side-by-side financial comparison of Navigator Holdings Ltd. (NVGS) 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 $129.6M, roughly 1.1× Navigator Holdings Ltd.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 16.5%, a 8.7% gap on every dollar of revenue. On growth, Navigator Holdings Ltd. posted the faster year-over-year revenue change (-11.6% vs -14.5%).

Navigator Holdings Ltd. is a global maritime transport firm specializing in liquefied gas carrier operations. It offers seaborne transport for liquefied petroleum gas, ammonia, ethylene and other specialty liquefied gases, serving clients across the global energy, petrochemical and industrial manufacturing sectors.

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.

NVGS vs OLED — Head-to-Head

Bigger by revenue
OLED
OLED
1.1× larger
OLED
$142.2M
$129.6M
NVGS
Growing faster (revenue YoY)
NVGS
NVGS
+2.9% gap
NVGS
-11.6%
-14.5%
OLED
Higher net margin
OLED
OLED
8.7% more per $
OLED
25.2%
16.5%
NVGS

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
NVGS
NVGS
OLED
OLED
Revenue
$129.6M
$142.2M
Net Profit
$21.5M
$35.9M
Gross Margin
74.6%
Operating Margin
15.8%
30.1%
Net Margin
16.5%
25.2%
Revenue YoY
-11.6%
-14.5%
Net Profit YoY
-7.7%
-44.3%
EPS (diluted)
$0.31
$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.

Revenue
NVGS
NVGS
OLED
OLED
Q1 26
$142.2M
Q4 25
$172.9M
Q3 25
$139.6M
Q2 25
$129.6M
$171.8M
Q1 25
$166.3M
Q4 24
$162.3M
Q3 24
$161.6M
Q2 24
$146.7M
$158.5M
Net Profit
NVGS
NVGS
OLED
OLED
Q1 26
$35.9M
Q4 25
$66.3M
Q3 25
$44.0M
Q2 25
$21.5M
$67.3M
Q1 25
$64.4M
Q4 24
$46.0M
Q3 24
$66.9M
Q2 24
$23.2M
$52.3M
Gross Margin
NVGS
NVGS
OLED
OLED
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%
Operating Margin
NVGS
NVGS
OLED
OLED
Q1 26
30.1%
Q4 25
38.9%
Q3 25
30.9%
Q2 25
15.8%
39.9%
Q1 25
41.9%
Q4 24
32.3%
Q3 24
41.5%
Q2 24
26.9%
35.6%
Net Margin
NVGS
NVGS
OLED
OLED
Q1 26
25.2%
Q4 25
38.4%
Q3 25
31.5%
Q2 25
16.5%
39.2%
Q1 25
38.8%
Q4 24
28.4%
Q3 24
41.4%
Q2 24
15.8%
33.0%
EPS (diluted)
NVGS
NVGS
OLED
OLED
Q1 26
$0.76
Q4 25
$1.40
Q3 25
$0.92
Q2 25
$0.31
$1.41
Q1 25
$1.35
Q4 24
$0.96
Q3 24
$1.40
Q2 24
$0.32
$1.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NVGS
NVGS
OLED
OLED
Cash + ST InvestmentsLiquidity on hand
$238.1M
$516.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$2.4B
$1.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVGS
NVGS
OLED
OLED
Q1 26
$516.4M
Q4 25
$602.4M
Q3 25
$603.0M
Q2 25
$238.1M
$525.2M
Q1 25
$571.3M
Q4 24
$492.7M
Q3 24
$551.6M
Q2 24
$530.5M
Stockholders' Equity
NVGS
NVGS
OLED
OLED
Q1 26
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.2B
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.2B
$1.5B
Total Assets
NVGS
NVGS
OLED
OLED
Q1 26
$1.9B
Q4 25
$2.0B
Q3 25
$1.9B
Q2 25
$2.4B
$1.9B
Q1 25
$1.9B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$2.1B
$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
NVGS
NVGS
OLED
OLED
Operating Cash FlowLast quarter
$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.

Operating Cash Flow
NVGS
NVGS
OLED
OLED
Q1 26
$108.9M
Q4 25
$31.1M
Q3 25
$97.2M
Q2 25
$51.9M
Q1 25
$30.6M
Q4 24
$34.7M
Q3 24
$79.9M
Q2 24
$67.0M
Free Cash Flow
NVGS
NVGS
OLED
OLED
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
FCF Margin
NVGS
NVGS
OLED
OLED
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%
Capex Intensity
NVGS
NVGS
OLED
OLED
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%
Cash Conversion
NVGS
NVGS
OLED
OLED
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

NVGS
NVGS

Time Charters$91.5M71%
Voyage Charters$25.7M20%
Other$12.4M10%

OLED
OLED

Material sales$83.7M59%
Royalty and license fees$54.2M38%
Contract research services$4.3M3%

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