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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $172.9M, roughly 1.4× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 5.0%, a 33.4% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs 6.6%). UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% CAGR vs 2.3%).
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.
OLED vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.9M | $242.1M |
| Net Profit | $66.3M | $12.1M |
| Gross Margin | 76.1% | — |
| Operating Margin | 38.9% | 6.8% |
| Net Margin | 38.4% | 5.0% |
| Revenue YoY | 6.6% | 11.5% |
| Net Profit YoY | 44.2% | -16.2% |
| EPS (diluted) | $1.40 | $0.12 |
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.
| Q4 25 | $172.9M | $242.1M | ||
| Q3 25 | $139.6M | $258.5M | ||
| Q2 25 | $171.8M | $240.7M | ||
| Q1 25 | $166.3M | $219.6M | ||
| Q4 24 | $162.3M | $217.2M | ||
| Q3 24 | $161.6M | $241.7M | ||
| Q2 24 | $158.5M | $224.9M | ||
| Q1 24 | $165.3M | $211.2M |
| Q4 25 | $66.3M | $12.1M | ||
| Q3 25 | $44.0M | $24.3M | ||
| Q2 25 | $67.3M | $19.9M | ||
| Q1 25 | $64.4M | $15.3M | ||
| Q4 24 | $46.0M | $14.4M | ||
| Q3 24 | $66.9M | $21.6M | ||
| Q2 24 | $52.3M | $15.8M | ||
| Q1 24 | $56.9M | $21.2M |
| 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 24 | 77.6% | — |
| Q4 25 | 38.9% | 6.8% | ||
| Q3 25 | 30.9% | 10.2% | ||
| Q2 25 | 39.9% | 9.2% | ||
| Q1 25 | 41.9% | 7.7% | ||
| Q4 24 | 32.3% | 7.9% | ||
| Q3 24 | 41.5% | 10.3% | ||
| Q2 24 | 35.6% | 8.4% | ||
| Q1 24 | 38.0% | 8.0% |
| Q4 25 | 38.4% | 5.0% | ||
| Q3 25 | 31.5% | 9.4% | ||
| Q2 25 | 39.2% | 8.3% | ||
| Q1 25 | 38.8% | 7.0% | ||
| Q4 24 | 28.4% | 6.6% | ||
| Q3 24 | 41.4% | 8.9% | ||
| Q2 24 | 33.0% | 7.0% | ||
| Q1 24 | 34.4% | 10.0% |
| Q4 25 | $1.40 | $0.12 | ||
| Q3 25 | $0.92 | $0.23 | ||
| Q2 25 | $1.41 | $0.19 | ||
| Q1 25 | $1.35 | $0.15 | ||
| Q4 24 | $0.96 | $0.13 | ||
| Q3 24 | $1.40 | $0.20 | ||
| Q2 24 | $1.10 | $0.15 | ||
| Q1 24 | $1.19 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $602.4M | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $1.8B | $542.6M |
| Total Assets | $2.0B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $602.4M | $16.3M | ||
| Q3 25 | $603.0M | $29.6M | ||
| Q2 25 | $525.2M | $35.0M | ||
| Q1 25 | $571.3M | $22.6M | ||
| Q4 24 | $492.7M | $57.4M | ||
| Q3 24 | $551.6M | $48.8M | ||
| Q2 24 | $530.5M | $62.5M | ||
| Q1 24 | $539.3M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $1.8B | $542.6M | ||
| Q3 25 | $1.7B | $552.8M | ||
| Q2 25 | $1.7B | $548.3M | ||
| Q1 25 | $1.7B | $530.6M | ||
| Q4 24 | $1.6B | $554.5M | ||
| Q3 24 | $1.6B | $540.1M | ||
| Q2 24 | $1.5B | $532.7M | ||
| Q1 24 | $1.5B | $515.5M |
| Q4 25 | $2.0B | $707.1M | ||
| Q3 25 | $1.9B | $732.6M | ||
| Q2 25 | $1.9B | $731.8M | ||
| Q1 25 | $1.9B | $708.7M | ||
| Q4 24 | $1.8B | $746.4M | ||
| Q3 24 | $1.8B | $734.0M | ||
| Q2 24 | $1.8B | $756.8M | ||
| Q1 24 | $1.7B | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $31.1M | $20.0M |
| Free Cash FlowOCF − Capex | $15.1M | $14.9M |
| FCF MarginFCF / Revenue | 8.7% | 6.2% |
| Capex IntensityCapex / Revenue | 9.3% | 2.1% |
| Cash ConversionOCF / Net Profit | 0.47× | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $154.4M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | $20.0M | ||
| Q3 25 | $97.2M | $33.2M | ||
| Q2 25 | $51.9M | $20.3M | ||
| Q1 25 | $30.6M | $10.1M | ||
| Q4 24 | $34.7M | $16.6M | ||
| Q3 24 | $79.9M | $28.6M | ||
| Q2 24 | $67.0M | $18.7M | ||
| Q1 24 | $72.2M | $15.0M |
| Q4 25 | $15.1M | $14.9M | ||
| Q3 25 | $84.3M | $27.6M | ||
| Q2 25 | $37.5M | $17.6M | ||
| Q1 25 | $17.5M | $8.4M | ||
| Q4 24 | $22.0M | $13.2M | ||
| Q3 24 | $66.2M | $27.5M | ||
| Q2 24 | $57.9M | $17.6M | ||
| Q1 24 | $65.0M | $13.7M |
| Q4 25 | 8.7% | 6.2% | ||
| Q3 25 | 60.4% | 10.7% | ||
| Q2 25 | 21.8% | 7.3% | ||
| Q1 25 | 10.5% | 3.8% | ||
| Q4 24 | 13.6% | 6.1% | ||
| Q3 24 | 41.0% | 11.4% | ||
| Q2 24 | 36.5% | 7.8% | ||
| Q1 24 | 39.3% | 6.5% |
| Q4 25 | 9.3% | 2.1% | ||
| Q3 25 | 9.2% | 2.2% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 7.9% | 0.8% | ||
| Q4 24 | 7.8% | 1.5% | ||
| Q3 24 | 8.4% | 0.5% | ||
| Q2 24 | 5.8% | 0.5% | ||
| Q1 24 | 4.4% | 0.6% |
| Q4 25 | 0.47× | 1.65× | ||
| Q3 25 | 2.21× | 1.36× | ||
| Q2 25 | 0.77× | 1.02× | ||
| Q1 25 | 0.47× | 0.66× | ||
| Q4 24 | 0.75× | 1.15× | ||
| Q3 24 | 1.19× | 1.33× | ||
| Q2 24 | 1.28× | 1.19× | ||
| Q1 24 | 1.27× | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
