vs
Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $142.2M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 7.0%, a 18.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -14.5%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% 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.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
OLED vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $184.5M |
| Net Profit | $35.9M | $12.8M |
| Gross Margin | 74.6% | 26.1% |
| Operating Margin | 30.1% | 10.5% |
| Net Margin | 25.2% | 7.0% |
| Revenue YoY | -14.5% | 28.6% |
| Net Profit YoY | -44.3% | 62.3% |
| EPS (diluted) | $0.76 | $0.54 |
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 | $184.5M | ||
| Q3 25 | $139.6M | $162.1M | ||
| Q2 25 | $171.8M | $194.3M | ||
| Q1 25 | $166.3M | $115.1M | ||
| Q4 24 | $162.3M | $143.5M | ||
| Q3 24 | $161.6M | $129.4M | ||
| Q2 24 | $158.5M | $199.9M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $12.8M | ||
| Q3 25 | $44.0M | $8.0M | ||
| Q2 25 | $67.3M | $26.0M | ||
| Q1 25 | $64.4M | $148.0K | ||
| Q4 24 | $46.0M | $7.9M | ||
| Q3 24 | $66.9M | $32.3M | ||
| Q2 24 | $52.3M | $24.3M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 26.1% | ||
| Q3 25 | 74.6% | 23.5% | ||
| Q2 25 | 77.2% | 31.0% | ||
| Q1 25 | 77.1% | 24.5% | ||
| Q4 24 | 77.0% | 24.9% | ||
| Q3 24 | 77.8% | 23.9% | ||
| Q2 24 | 75.8% | 30.7% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | 10.5% | ||
| Q3 25 | 30.9% | 8.7% | ||
| Q2 25 | 39.9% | 19.0% | ||
| Q1 25 | 41.9% | 2.8% | ||
| Q4 24 | 32.3% | 9.0% | ||
| Q3 24 | 41.5% | 35.4% | ||
| Q2 24 | 35.6% | 18.2% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | 7.0% | ||
| Q3 25 | 31.5% | 4.9% | ||
| Q2 25 | 39.2% | 13.4% | ||
| Q1 25 | 38.8% | 0.1% | ||
| Q4 24 | 28.4% | 5.5% | ||
| Q3 24 | 41.4% | 24.9% | ||
| Q2 24 | 33.0% | 12.2% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $0.54 | ||
| Q3 25 | $0.92 | $0.33 | ||
| Q2 25 | $1.41 | $1.09 | ||
| Q1 25 | $1.35 | $0.00 | ||
| Q4 24 | $0.96 | $0.35 | ||
| Q3 24 | $1.40 | $1.36 | ||
| Q2 24 | $1.10 | $1.02 |
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 | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | — | $281.4M |
| Total Assets | $1.9B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | — | ||
| Q3 25 | $603.0M | — | ||
| Q2 25 | $525.2M | — | ||
| Q1 25 | $571.3M | — | ||
| Q4 24 | $492.7M | — | ||
| Q3 24 | $551.6M | — | ||
| Q2 24 | $530.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $281.4M | ||
| Q3 25 | $1.7B | $275.3M | ||
| Q2 25 | $1.7B | $273.3M | ||
| Q1 25 | $1.7B | $258.9M | ||
| Q4 24 | $1.6B | $264.2M | ||
| Q3 24 | $1.6B | $260.8M | ||
| Q2 24 | $1.5B | $236.7M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $626.7M | ||
| Q3 25 | $1.9B | $694.9M | ||
| Q2 25 | $1.9B | $671.5M | ||
| Q1 25 | $1.9B | $621.0M | ||
| Q4 24 | $1.8B | $590.0M | ||
| Q3 24 | $1.8B | $665.6M | ||
| Q2 24 | $1.8B | $617.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 3.03× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $95.9M | ||
| Q3 25 | $97.2M | $-8.5M | ||
| Q2 25 | $51.9M | $-11.4M | ||
| Q1 25 | $30.6M | $-1.3M | ||
| Q4 24 | $34.7M | $74.4M | ||
| Q3 24 | $79.9M | $-14.2M | ||
| Q2 24 | $67.0M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $92.8M | ||
| Q3 25 | $84.3M | $-11.4M | ||
| Q2 25 | $37.5M | $-14.3M | ||
| Q1 25 | $17.5M | $-3.5M | ||
| Q4 24 | $22.0M | $70.2M | ||
| Q3 24 | $66.2M | $-15.2M | ||
| Q2 24 | $57.9M | $836.0K |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 50.3% | ||
| Q3 25 | 60.4% | -7.1% | ||
| Q2 25 | 21.8% | -7.4% | ||
| Q1 25 | 10.5% | -3.0% | ||
| Q4 24 | 13.6% | 48.9% | ||
| Q3 24 | 41.0% | -11.8% | ||
| Q2 24 | 36.5% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 1.7% | ||
| Q3 25 | 9.2% | 1.8% | ||
| Q2 25 | 8.4% | 1.5% | ||
| Q1 25 | 7.9% | 1.9% | ||
| Q4 24 | 7.8% | 2.9% | ||
| Q3 24 | 8.4% | 0.8% | ||
| Q2 24 | 5.8% | 0.8% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | 7.47× | ||
| Q3 25 | 2.21× | -1.07× | ||
| Q2 25 | 0.77× | -0.44× | ||
| Q1 25 | 0.47× | -9.03× | ||
| Q4 24 | 0.75× | 9.41× | ||
| Q3 24 | 1.19× | -0.44× | ||
| Q2 24 | 1.28× | 0.10× |
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% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
