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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $172.9M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs 2.2%, a 36.1% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (6.6% vs 5.2%). UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M vs $1.1M). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (2.3% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
OLED vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $172.9M | $200.5M |
| Net Profit | $66.3M | $4.5M |
| Gross Margin | 76.1% | 32.2% |
| Operating Margin | 38.9% | — |
| Net Margin | 38.4% | 2.2% |
| Revenue YoY | 6.6% | 5.2% |
| Net Profit YoY | 44.2% | 421.4% |
| EPS (diluted) | $1.40 | $0.25 |
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 | — | $200.5M | ||
| Q4 25 | $172.9M | $201.5M | ||
| Q3 25 | $139.6M | $216.0M | ||
| Q2 25 | $171.8M | $202.8M | ||
| Q1 25 | $166.3M | $190.5M | ||
| Q4 24 | $162.3M | $192.2M | ||
| Q3 24 | $161.6M | $210.3M | ||
| Q2 24 | $158.5M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $66.3M | $4.6M | ||
| Q3 25 | $44.0M | $8.6M | ||
| Q2 25 | $67.3M | $-73.6M | ||
| Q1 25 | $64.4M | $-1.4M | ||
| Q4 24 | $46.0M | $-500.0K | ||
| Q3 24 | $66.9M | $10.7M | ||
| Q2 24 | $52.3M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 76.1% | 31.5% | ||
| Q3 25 | 74.6% | 33.5% | ||
| Q2 25 | 77.2% | 31.6% | ||
| Q1 25 | 77.1% | 29.9% | ||
| Q4 24 | 77.0% | 32.1% | ||
| Q3 24 | 77.8% | 35.2% | ||
| Q2 24 | 75.8% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 38.9% | 3.5% | ||
| Q3 25 | 30.9% | 7.3% | ||
| Q2 25 | 39.9% | -33.3% | ||
| Q1 25 | 41.9% | -0.2% | ||
| Q4 24 | 32.3% | -6.6% | ||
| Q3 24 | 41.5% | 6.9% | ||
| Q2 24 | 35.6% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 38.4% | 2.3% | ||
| Q3 25 | 31.5% | 4.0% | ||
| Q2 25 | 39.2% | -36.3% | ||
| Q1 25 | 38.8% | -0.7% | ||
| Q4 24 | 28.4% | -0.3% | ||
| Q3 24 | 41.4% | 5.1% | ||
| Q2 24 | 33.0% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $1.40 | $0.20 | ||
| Q3 25 | $0.92 | $0.48 | ||
| Q2 25 | $1.41 | $-4.00 | ||
| Q1 25 | $1.35 | $-0.08 | ||
| Q4 24 | $0.96 | $-0.04 | ||
| Q3 24 | $1.40 | $0.58 | ||
| Q2 24 | $1.10 | $0.44 |
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 | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $1.2B |
| Total Assets | $2.0B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $602.4M | $197.0M | ||
| Q3 25 | $603.0M | $167.8M | ||
| Q2 25 | $525.2M | $157.2M | ||
| Q1 25 | $571.3M | $175.6M | ||
| Q4 24 | $492.7M | $159.8M | ||
| Q3 24 | $551.6M | $146.4M | ||
| Q2 24 | $530.5M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $15.1M | $1.1M |
| FCF MarginFCF / Revenue | 8.7% | 0.5% |
| Capex IntensityCapex / Revenue | 9.3% | 2.3% |
| Cash ConversionOCF / Net Profit | 0.47× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $154.4M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $31.1M | $46.9M | ||
| Q3 25 | $97.2M | $28.9M | ||
| Q2 25 | $51.9M | $13.7M | ||
| Q1 25 | $30.6M | $11.7M | ||
| Q4 24 | $34.7M | $33.7M | ||
| Q3 24 | $79.9M | $42.4M | ||
| Q2 24 | $67.0M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $15.1M | $42.2M | ||
| Q3 25 | $84.3M | $21.2M | ||
| Q2 25 | $37.5M | $5.6M | ||
| Q1 25 | $17.5M | $2.1M | ||
| Q4 24 | $22.0M | $18.3M | ||
| Q3 24 | $66.2M | $25.2M | ||
| Q2 24 | $57.9M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 8.7% | 20.9% | ||
| Q3 25 | 60.4% | 9.8% | ||
| Q2 25 | 21.8% | 2.8% | ||
| Q1 25 | 10.5% | 1.1% | ||
| Q4 24 | 13.6% | 9.5% | ||
| Q3 24 | 41.0% | 12.0% | ||
| Q2 24 | 36.5% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 9.3% | 2.3% | ||
| Q3 25 | 9.2% | 3.6% | ||
| Q2 25 | 8.4% | 4.0% | ||
| Q1 25 | 7.9% | 5.0% | ||
| Q4 24 | 7.8% | 8.0% | ||
| Q3 24 | 8.4% | 8.2% | ||
| Q2 24 | 5.8% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 0.47× | 10.20× | ||
| Q3 25 | 2.21× | 3.36× | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 1.19× | 3.96× | ||
| Q2 24 | 1.28× | 2.83× |
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% |
ROG
Segment breakdown not available.
