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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 1.4× OLAPLEX HOLDINGS, INC.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -12.5%, a 37.7% gap on every dollar of revenue. On growth, OLAPLEX HOLDINGS, INC. posted the faster year-over-year revenue change (4.3% vs -14.5%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
OLED vs OLPX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $105.1M |
| Net Profit | $35.9M | $-13.1M |
| Gross Margin | 74.6% | 68.0% |
| Operating Margin | 30.1% | -4.3% |
| Net Margin | 25.2% | -12.5% |
| Revenue YoY | -14.5% | 4.3% |
| Net Profit YoY | -44.3% | -48.9% |
| EPS (diluted) | $0.76 | $-0.02 |
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 | $172.9M | $105.1M | ||
| Q3 25 | $139.6M | $114.6M | ||
| Q2 25 | $171.8M | $106.3M | ||
| Q1 25 | $166.3M | $97.0M | ||
| Q4 24 | $162.3M | $100.7M | ||
| Q3 24 | $161.6M | $119.1M | ||
| Q2 24 | $158.5M | $103.9M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-13.1M | ||
| Q3 25 | $44.0M | $11.1M | ||
| Q2 25 | $67.3M | $-7.7M | ||
| Q1 25 | $64.4M | $465.0K | ||
| Q4 24 | $46.0M | $-8.8M | ||
| Q3 24 | $66.9M | $14.8M | ||
| Q2 24 | $52.3M | $5.8M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 68.0% | ||
| Q3 25 | 74.6% | 69.1% | ||
| Q2 25 | 77.2% | 71.2% | ||
| Q1 25 | 77.1% | 69.5% | ||
| Q4 24 | 77.0% | 66.3% | ||
| Q3 24 | 77.8% | 68.6% | ||
| Q2 24 | 75.8% | 69.7% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -4.3% | ||
| Q3 25 | 30.9% | 3.7% | ||
| Q2 25 | 39.9% | -1.1% | ||
| Q1 25 | 41.9% | 8.7% | ||
| Q4 24 | 32.3% | 3.0% | ||
| Q3 24 | 41.5% | 23.5% | ||
| Q2 24 | 35.6% | 15.7% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -12.5% | ||
| Q3 25 | 31.5% | 9.7% | ||
| Q2 25 | 39.2% | -7.3% | ||
| Q1 25 | 38.8% | 0.5% | ||
| Q4 24 | 28.4% | -8.7% | ||
| Q3 24 | 41.4% | 12.4% | ||
| Q2 24 | 33.0% | 5.6% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.02 | ||
| Q3 25 | $0.92 | $0.02 | ||
| Q2 25 | $1.41 | $-0.01 | ||
| Q1 25 | $1.35 | $0.00 | ||
| Q4 24 | $0.96 | $-0.01 | ||
| Q3 24 | $1.40 | $0.02 | ||
| Q2 24 | $1.10 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | — | $879.4M |
| Total Assets | $1.9B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $318.7M | ||
| Q3 25 | $603.0M | $286.4M | ||
| Q2 25 | $525.2M | $289.3M | ||
| Q1 25 | $571.3M | $580.9M | ||
| Q4 24 | $492.7M | $586.0M | ||
| Q3 24 | $551.6M | $538.8M | ||
| Q2 24 | $530.5M | $507.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $879.4M | ||
| Q3 25 | $1.7B | $888.7M | ||
| Q2 25 | $1.7B | $874.2M | ||
| Q1 25 | $1.7B | $878.3M | ||
| Q4 24 | $1.6B | $874.4M | ||
| Q3 24 | $1.6B | $879.7M | ||
| Q2 24 | $1.5B | $863.3M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $1.5B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $1.8B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.8B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× |
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 | $108.9M | $32.7M |
| Free Cash FlowOCF − Capex | — | $32.6M |
| FCF MarginFCF / Revenue | — | 31.0% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $32.7M | ||
| Q3 25 | $97.2M | $8.0M | ||
| Q2 25 | $51.9M | $20.9M | ||
| Q1 25 | $30.6M | $-2.9M | ||
| Q4 24 | $34.7M | $49.7M | ||
| Q3 24 | $79.9M | $33.5M | ||
| Q2 24 | $67.0M | $16.2M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $32.6M | ||
| Q3 25 | $84.3M | $7.9M | ||
| Q2 25 | $37.5M | $20.8M | ||
| Q1 25 | $17.5M | $-3.0M | ||
| Q4 24 | $22.0M | $49.2M | ||
| Q3 24 | $66.2M | $33.3M | ||
| Q2 24 | $57.9M | $16.1M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 31.0% | ||
| Q3 25 | 60.4% | 6.9% | ||
| Q2 25 | 21.8% | 19.6% | ||
| Q1 25 | 10.5% | -3.1% | ||
| Q4 24 | 13.6% | 48.9% | ||
| Q3 24 | 41.0% | 28.0% | ||
| Q2 24 | 36.5% | 15.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 0.1% | ||
| Q3 25 | 9.2% | 0.1% | ||
| Q2 25 | 8.4% | 0.1% | ||
| Q1 25 | 7.9% | 0.0% | ||
| Q4 24 | 7.8% | 0.4% | ||
| Q3 24 | 8.4% | 0.1% | ||
| Q2 24 | 5.8% | 0.1% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 2.21× | 0.72× | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.47× | -6.27× | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 1.19× | 2.26× | ||
| Q2 24 | 1.28× | 2.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
