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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
OIL STATES INTERNATIONAL, INC is the larger business by last-quarter revenue ($178.5M vs $142.2M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -65.7%, a 90.9% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs -14.5%). Over the past eight quarters, OIL STATES INTERNATIONAL, INC's revenue compounded faster (3.3% CAGR vs -5.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
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.
OIS vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $142.2M |
| Net Profit | $-117.2M | $35.9M |
| Gross Margin | 10.9% | 74.6% |
| Operating Margin | -63.7% | 30.1% |
| Net Margin | -65.7% | 25.2% |
| Revenue YoY | 8.4% | -14.5% |
| Net Profit YoY | -873.2% | -44.3% |
| EPS (diluted) | $-1.99 | $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 | $178.5M | $172.9M | ||
| Q3 25 | $165.2M | $139.6M | ||
| Q2 25 | $165.4M | $171.8M | ||
| Q1 25 | $159.9M | $166.3M | ||
| Q4 24 | $164.6M | $162.3M | ||
| Q3 24 | $174.3M | $161.6M | ||
| Q2 24 | $186.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $-117.2M | $66.3M | ||
| Q3 25 | $1.9M | $44.0M | ||
| Q2 25 | $2.8M | $67.3M | ||
| Q1 25 | $3.2M | $64.4M | ||
| Q4 24 | $15.2M | $46.0M | ||
| Q3 24 | $-14.3M | $66.9M | ||
| Q2 24 | $1.3M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 10.9% | 76.1% | ||
| Q3 25 | 22.1% | 74.6% | ||
| Q2 25 | 24.2% | 77.2% | ||
| Q1 25 | 23.3% | 77.1% | ||
| Q4 24 | 23.7% | 77.0% | ||
| Q3 24 | 21.7% | 77.8% | ||
| Q2 24 | 23.8% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | -63.7% | 38.9% | ||
| Q3 25 | 2.9% | 30.9% | ||
| Q2 25 | 3.2% | 39.9% | ||
| Q1 25 | 3.5% | 41.9% | ||
| Q4 24 | 11.2% | 32.3% | ||
| Q3 24 | -6.3% | 41.5% | ||
| Q2 24 | 1.1% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | -65.7% | 38.4% | ||
| Q3 25 | 1.2% | 31.5% | ||
| Q2 25 | 1.7% | 39.2% | ||
| Q1 25 | 2.0% | 38.8% | ||
| Q4 24 | 9.2% | 28.4% | ||
| Q3 24 | -8.2% | 41.4% | ||
| Q2 24 | 0.7% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-1.99 | $1.40 | ||
| Q3 25 | $0.03 | $0.92 | ||
| Q2 25 | $0.05 | $1.41 | ||
| Q1 25 | $0.05 | $1.35 | ||
| Q4 24 | $0.24 | $0.96 | ||
| Q3 24 | $-0.23 | $1.40 | ||
| Q2 24 | $0.02 | $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 | $69.9M | $516.4M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $573.2M | — |
| Total Assets | $883.4M | $1.9B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $69.9M | $602.4M | ||
| Q3 25 | $67.1M | $603.0M | ||
| Q2 25 | $53.9M | $525.2M | ||
| Q1 25 | $66.8M | $571.3M | ||
| Q4 24 | $65.4M | $492.7M | ||
| Q3 24 | $46.0M | $551.6M | ||
| Q2 24 | $25.2M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7M | — | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $124.7M | — | ||
| Q4 24 | $124.7M | — | ||
| Q3 24 | $124.6M | — | ||
| Q2 24 | $124.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $573.2M | $1.8B | ||
| Q3 25 | $689.0M | $1.7B | ||
| Q2 25 | $690.6M | $1.7B | ||
| Q1 25 | $683.4M | $1.7B | ||
| Q4 24 | $680.7M | $1.6B | ||
| Q3 24 | $684.8M | $1.6B | ||
| Q2 24 | $690.4M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $883.4M | $2.0B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $993.7M | $1.9B | ||
| Q1 25 | $990.7M | $1.9B | ||
| Q4 24 | $1.0B | $1.8B | ||
| Q3 24 | $994.1M | $1.8B | ||
| Q2 24 | $1.0B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.18× | — |
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 | $50.1M | $108.9M |
| Free Cash FlowOCF − Capex | $47.1M | — |
| FCF MarginFCF / Revenue | 26.4% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $50.1M | $31.1M | ||
| Q3 25 | $30.7M | $97.2M | ||
| Q2 25 | $15.0M | $51.9M | ||
| Q1 25 | $9.3M | $30.6M | ||
| Q4 24 | $18.2M | $34.7M | ||
| Q3 24 | $28.8M | $79.9M | ||
| Q2 24 | $10.2M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | $47.1M | $15.1M | ||
| Q3 25 | $22.0M | $84.3M | ||
| Q2 25 | $4.7M | $37.5M | ||
| Q1 25 | $137.0K | $17.5M | ||
| Q4 24 | $4.0M | $22.0M | ||
| Q3 24 | $21.4M | $66.2M | ||
| Q2 24 | $4.5M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | 26.4% | 8.7% | ||
| Q3 25 | 13.3% | 60.4% | ||
| Q2 25 | 2.8% | 21.8% | ||
| Q1 25 | 0.1% | 10.5% | ||
| Q4 24 | 2.4% | 13.6% | ||
| Q3 24 | 12.3% | 41.0% | ||
| Q2 24 | 2.4% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 9.3% | ||
| Q3 25 | 5.3% | 9.2% | ||
| Q2 25 | 6.2% | 8.4% | ||
| Q1 25 | 5.7% | 7.9% | ||
| Q4 24 | 8.6% | 7.8% | ||
| Q3 24 | 4.3% | 8.4% | ||
| Q2 24 | 3.1% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | 16.15× | 2.21× | ||
| Q2 25 | 5.33× | 0.77× | ||
| Q1 25 | 2.94× | 0.47× | ||
| Q4 24 | 1.20× | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | 7.87× | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
