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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and PennyMac Mortgage Investment Trust (PMT). 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 $93.6M, roughly 1.5× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 25.2%, a 30.7% gap on every dollar of revenue. On growth, PennyMac Mortgage Investment Trust posted the faster year-over-year revenue change (-13.3% vs -14.5%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
OLED vs PMT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $93.6M |
| Net Profit | $35.9M | $52.4M |
| Gross Margin | 74.6% | — |
| Operating Margin | 30.1% | 38.6% |
| Net Margin | 25.2% | 56.0% |
| Revenue YoY | -14.5% | -13.3% |
| Net Profit YoY | -44.3% | 12.5% |
| EPS (diluted) | $0.76 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $139.6M | $99.2M | ||
| Q2 25 | $171.8M | $70.2M | ||
| Q1 25 | $166.3M | $44.5M | ||
| Q4 24 | $162.3M | $107.9M | ||
| Q3 24 | $161.6M | $80.9M | ||
| Q2 24 | $158.5M | $71.2M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $52.4M | ||
| Q3 25 | $44.0M | $58.3M | ||
| Q2 25 | $67.3M | $7.5M | ||
| Q1 25 | $64.4M | $9.7M | ||
| Q4 24 | $46.0M | $46.5M | ||
| Q3 24 | $66.9M | $41.4M | ||
| Q2 24 | $52.3M | $25.4M |
| Q1 26 | 74.6% | — | ||
| 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 26 | 30.1% | — | ||
| Q4 25 | 38.9% | 38.6% | ||
| Q3 25 | 30.9% | 47.4% | ||
| Q2 25 | 39.9% | 24.2% | ||
| Q1 25 | 41.9% | -14.2% | ||
| Q4 24 | 32.3% | 51.1% | ||
| Q3 24 | 41.5% | 32.8% | ||
| Q2 24 | 35.6% | 40.2% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | 56.0% | ||
| Q3 25 | 31.5% | 58.7% | ||
| Q2 25 | 39.2% | 10.7% | ||
| Q1 25 | 38.8% | 21.8% | ||
| Q4 24 | 28.4% | 43.1% | ||
| Q3 24 | 41.4% | 51.2% | ||
| Q2 24 | 33.0% | 35.7% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $0.49 | ||
| Q3 25 | $0.92 | $0.55 | ||
| Q2 25 | $1.41 | $-0.04 | ||
| Q1 25 | $1.35 | $-0.01 | ||
| Q4 24 | $0.96 | $0.45 | ||
| Q3 24 | $1.40 | $0.36 | ||
| Q2 24 | $1.10 | $0.17 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $1.9B | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $190.5M | ||
| Q3 25 | $603.0M | $181.0M | ||
| Q2 25 | $525.2M | $108.6M | ||
| Q1 25 | $571.3M | $204.2M | ||
| Q4 24 | $492.7M | $103.2M | ||
| Q3 24 | $551.6M | $102.8M | ||
| Q2 24 | $530.5M | $336.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.7B | $1.9B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.7B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.5B | $1.9B |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $21.3B | ||
| Q3 25 | $1.9B | $18.5B | ||
| Q2 25 | $1.9B | $16.8B | ||
| Q1 25 | $1.9B | $14.9B | ||
| Q4 24 | $1.8B | $14.4B | ||
| Q3 24 | $1.8B | $13.1B | ||
| Q2 24 | $1.8B | $12.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.03× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $-7.2B | ||
| Q3 25 | $97.2M | $-1.3B | ||
| Q2 25 | $51.9M | $-2.0B | ||
| Q1 25 | $30.6M | $-594.3M | ||
| Q4 24 | $34.7M | $-2.7B | ||
| Q3 24 | $79.9M | $-983.8M | ||
| Q2 24 | $67.0M | $243.8M |
| 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× | -137.76× | ||
| Q3 25 | 2.21× | -22.26× | ||
| Q2 25 | 0.77× | -267.53× | ||
| Q1 25 | 0.47× | -61.39× | ||
| Q4 24 | 0.75× | -58.08× | ||
| Q3 24 | 1.19× | -23.76× | ||
| Q2 24 | 1.28× | 9.59× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
