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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Ranpak Holdings Corp. (PACK). 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 $93.7M, roughly 1.5× Ranpak Holdings Corp.). On growth, Ranpak Holdings Corp. posted the faster year-over-year revenue change (2.3% vs -14.5%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
OLED vs PACK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $93.7M |
| Net Profit | $35.9M | — |
| Gross Margin | 74.6% | 39.0% |
| Operating Margin | 30.1% | -1.0% |
| Net Margin | 25.2% | — |
| Revenue YoY | -14.5% | 2.3% |
| Net Profit YoY | -44.3% | — |
| EPS (diluted) | $0.76 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $139.6M | $83.6M | ||
| Q2 25 | $171.8M | $77.8M | ||
| Q1 25 | $166.3M | $77.6M | ||
| Q4 24 | $162.3M | $91.6M | ||
| Q3 24 | $161.6M | $78.6M | ||
| Q2 24 | $158.5M | $72.8M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | — | ||
| Q3 25 | $44.0M | $-10.4M | ||
| Q2 25 | $67.3M | $-7.5M | ||
| Q1 25 | $64.4M | $-10.9M | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $66.9M | $-8.1M | ||
| Q2 24 | $52.3M | $5.5M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 39.0% | ||
| Q3 25 | 74.6% | 41.1% | ||
| Q2 25 | 77.2% | 37.1% | ||
| Q1 25 | 77.1% | 39.8% | ||
| Q4 24 | 77.0% | 45.2% | ||
| Q3 24 | 77.8% | 43.8% | ||
| Q2 24 | 75.8% | 43.5% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -1.0% | ||
| Q3 25 | 30.9% | -6.8% | ||
| Q2 25 | 39.9% | -12.5% | ||
| Q1 25 | 41.9% | -10.3% | ||
| Q4 24 | 32.3% | 1.5% | ||
| Q3 24 | 41.5% | -5.3% | ||
| Q2 24 | 35.6% | -7.1% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | — | ||
| Q3 25 | 31.5% | -12.4% | ||
| Q2 25 | 39.2% | -9.6% | ||
| Q1 25 | 38.8% | -14.0% | ||
| Q4 24 | 28.4% | — | ||
| Q3 24 | 41.4% | -10.3% | ||
| Q2 24 | 33.0% | 7.6% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.11 | ||
| Q3 25 | $0.92 | $-0.12 | ||
| Q2 25 | $1.41 | $-0.09 | ||
| Q1 25 | $1.35 | $-0.13 | ||
| Q4 24 | $0.96 | $-0.13 | ||
| Q3 24 | $1.40 | $-0.10 | ||
| Q2 24 | $1.10 | $0.07 |
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 | $63.0M |
| Total DebtLower is stronger | — | $401.9M |
| Stockholders' EquityBook value | — | $534.9M |
| Total Assets | $1.9B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $63.0M | ||
| Q3 25 | $603.0M | $49.9M | ||
| Q2 25 | $525.2M | $49.2M | ||
| Q1 25 | $571.3M | $65.5M | ||
| Q4 24 | $492.7M | $76.1M | ||
| Q3 24 | $551.6M | $69.5M | ||
| Q2 24 | $530.5M | $65.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $534.9M | ||
| Q3 25 | $1.7B | $537.8M | ||
| Q2 25 | $1.7B | $539.0M | ||
| Q1 25 | $1.7B | $544.1M | ||
| Q4 24 | $1.6B | $548.1M | ||
| Q3 24 | $1.6B | $564.3M | ||
| Q2 24 | $1.5B | $566.2M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $1.1B | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.8B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× |
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 | $19.5M |
| 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.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $19.5M | ||
| Q3 25 | $97.2M | $8.5M | ||
| Q2 25 | $51.9M | $-3.6M | ||
| Q1 25 | $30.6M | $-1.3M | ||
| Q4 24 | $34.7M | $6.5M | ||
| Q3 24 | $79.9M | $10.1M | ||
| Q2 24 | $67.0M | $19.6M |
| 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 | — |
| 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% | — |
| 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% | — |
| 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× | 3.56× |
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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
