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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and P10, Inc. (PX). 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 $81.0M, roughly 1.8× P10, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 11.7%, a 13.6% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -14.5%). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% 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.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
OLED vs PX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $81.0M |
| Net Profit | $35.9M | $9.5M |
| Gross Margin | 74.6% | — |
| Operating Margin | 30.1% | 31.9% |
| Net Margin | 25.2% | 11.7% |
| Revenue YoY | -14.5% | -4.7% |
| Net Profit YoY | -44.3% | 79.0% |
| EPS (diluted) | $0.76 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $139.6M | $75.9M | ||
| Q2 25 | $171.8M | $72.7M | ||
| Q1 25 | $166.3M | $67.7M | ||
| Q4 24 | $162.3M | $85.0M | ||
| Q3 24 | $161.6M | $74.2M | ||
| Q2 24 | $158.5M | $71.1M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $9.5M | ||
| Q3 25 | $44.0M | $2.1M | ||
| Q2 25 | $67.3M | $3.4M | ||
| Q1 25 | $64.4M | $4.5M | ||
| Q4 24 | $46.0M | $5.3M | ||
| Q3 24 | $66.9M | $1.4M | ||
| Q2 24 | $52.3M | $7.0M |
| 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% | 31.9% | ||
| Q3 25 | 30.9% | 14.1% | ||
| Q2 25 | 39.9% | 24.4% | ||
| Q1 25 | 41.9% | 16.6% | ||
| Q4 24 | 32.3% | 26.9% | ||
| Q3 24 | 41.5% | 11.9% | ||
| Q2 24 | 35.6% | 23.7% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | 11.7% | ||
| Q3 25 | 31.5% | 2.8% | ||
| Q2 25 | 39.2% | 4.7% | ||
| Q1 25 | 38.8% | 6.7% | ||
| Q4 24 | 28.4% | 6.2% | ||
| Q3 24 | 41.4% | 1.9% | ||
| Q2 24 | 33.0% | 9.8% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $0.08 | ||
| Q3 25 | $0.92 | $0.02 | ||
| Q2 25 | $1.41 | $0.03 | ||
| Q1 25 | $1.35 | $0.04 | ||
| Q4 24 | $0.96 | $0.05 | ||
| Q3 24 | $1.40 | $0.01 | ||
| Q2 24 | $1.10 | $0.06 |
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 | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | — | $403.5M |
| Total Assets | $1.9B | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $28.2M | ||
| Q3 25 | $603.0M | $40.0M | ||
| Q2 25 | $525.2M | $33.4M | ||
| Q1 25 | $571.3M | $74.4M | ||
| Q4 24 | $492.7M | $67.5M | ||
| Q3 24 | $551.6M | $61.5M | ||
| Q2 24 | $530.5M | $31.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $403.5M | ||
| Q3 25 | $1.7B | $396.8M | ||
| Q2 25 | $1.7B | $388.9M | ||
| Q1 25 | $1.7B | $374.3M | ||
| Q4 24 | $1.6B | $386.9M | ||
| Q3 24 | $1.6B | $394.1M | ||
| Q2 24 | $1.5B | $396.9M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $928.3M | ||
| Q3 25 | $1.9B | $936.0M | ||
| Q2 25 | $1.9B | $932.2M | ||
| Q1 25 | $1.9B | $877.4M | ||
| Q4 24 | $1.8B | $869.3M | ||
| Q3 24 | $1.8B | $857.0M | ||
| Q2 24 | $1.8B | $823.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| 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 | $23.0M |
| Free Cash FlowOCF − Capex | — | $18.1M |
| FCF MarginFCF / Revenue | — | 22.3% |
| Capex IntensityCapex / Revenue | — | 6.0% |
| Cash ConversionOCF / Net Profit | 3.03× | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $23.0M | ||
| Q3 25 | $97.2M | $-8.6M | ||
| Q2 25 | $51.9M | $13.4M | ||
| Q1 25 | $30.6M | $-4.7M | ||
| Q4 24 | $34.7M | $101.0M | ||
| Q3 24 | $79.9M | $27.5M | ||
| Q2 24 | $67.0M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $18.1M | ||
| Q3 25 | $84.3M | $-9.5M | ||
| Q2 25 | $37.5M | $11.6M | ||
| Q1 25 | $17.5M | $-6.0M | ||
| Q4 24 | $22.0M | $96.6M | ||
| Q3 24 | $66.2M | $25.2M | ||
| Q2 24 | $57.9M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 22.3% | ||
| Q3 25 | 60.4% | -12.6% | ||
| Q2 25 | 21.8% | 15.9% | ||
| Q1 25 | 10.5% | -8.9% | ||
| Q4 24 | 13.6% | 113.6% | ||
| Q3 24 | 41.0% | 34.0% | ||
| Q2 24 | 36.5% | 47.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 6.0% | ||
| Q3 25 | 9.2% | 1.2% | ||
| Q2 25 | 8.4% | 2.5% | ||
| Q1 25 | 7.9% | 1.9% | ||
| Q4 24 | 7.8% | 5.2% | ||
| Q3 24 | 8.4% | 3.0% | ||
| Q2 24 | 5.8% | 1.3% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | 2.43× | ||
| Q3 25 | 2.21× | -4.01× | ||
| Q2 25 | 0.77× | 3.96× | ||
| Q1 25 | 0.47× | -1.05× | ||
| Q4 24 | 0.75× | 19.12× | ||
| Q3 24 | 1.19× | 19.54× | ||
| Q2 24 | 1.28× | 4.98× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
