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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). 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 $91.6M, roughly 1.6× SHENANDOAH TELECOMMUNICATIONS CO). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -5.9%, a 31.1% gap on every dollar of revenue. On growth, SHENANDOAH TELECOMMUNICATIONS CO posted the faster year-over-year revenue change (7.2% vs -14.5%). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
OLED vs SHEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $91.6M |
| Net Profit | $35.9M | $-5.4M |
| Gross Margin | 74.6% | — |
| Operating Margin | 30.1% | -1.0% |
| Net Margin | 25.2% | -5.9% |
| Revenue YoY | -14.5% | 7.2% |
| Net Profit YoY | -44.3% | -95.8% |
| EPS (diluted) | $0.76 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $139.6M | $89.8M | ||
| Q2 25 | $171.8M | $88.6M | ||
| Q1 25 | $166.3M | $87.9M | ||
| Q4 24 | $162.3M | $85.4M | ||
| Q3 24 | $161.6M | $87.6M | ||
| Q2 24 | $158.5M | $85.8M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-5.4M | ||
| Q3 25 | $44.0M | $-9.4M | ||
| Q2 25 | $67.3M | $-9.0M | ||
| Q1 25 | $64.4M | $-9.1M | ||
| Q4 24 | $46.0M | $-2.7M | ||
| Q3 24 | $66.9M | $-5.3M | ||
| Q2 24 | $52.3M | $-12.9M |
| 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% | -1.0% | ||
| Q3 25 | 30.9% | -8.0% | ||
| Q2 25 | 39.9% | -10.3% | ||
| Q1 25 | 41.9% | -6.9% | ||
| Q4 24 | 32.3% | -6.7% | ||
| Q3 24 | 41.5% | -4.8% | ||
| Q2 24 | 35.6% | -18.5% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -5.9% | ||
| Q3 25 | 31.5% | -10.5% | ||
| Q2 25 | 39.2% | -10.2% | ||
| Q1 25 | 38.8% | -10.4% | ||
| Q4 24 | 28.4% | -3.2% | ||
| Q3 24 | 41.4% | -6.0% | ||
| Q2 24 | 33.0% | -15.0% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.13 | ||
| Q3 25 | $0.92 | $-0.20 | ||
| Q2 25 | $1.41 | $-0.19 | ||
| Q1 25 | $1.35 | $-0.19 | ||
| Q4 24 | $0.96 | $-0.34 | ||
| Q3 24 | $1.40 | $-0.13 | ||
| Q2 24 | $1.10 | $-0.24 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | — | $880.8M |
| Total Assets | $1.9B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $27.3M | ||
| Q3 25 | $603.0M | $22.6M | ||
| Q2 25 | $525.2M | $29.1M | ||
| Q1 25 | $571.3M | $87.5M | ||
| Q4 24 | $492.7M | $46.3M | ||
| Q3 24 | $551.6M | $43.1M | ||
| Q2 24 | $530.5M | $43.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $880.8M | ||
| Q3 25 | $1.7B | $892.7M | ||
| Q2 25 | $1.7B | $902.0M | ||
| Q1 25 | $1.7B | $910.5M | ||
| Q4 24 | $1.6B | $918.6M | ||
| Q3 24 | $1.6B | $925.4M | ||
| Q2 24 | $1.5B | $933.1M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $1.9B | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.8B | $1.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | — | $-78.6M |
| FCF MarginFCF / Revenue | — | -85.8% |
| Capex IntensityCapex / Revenue | — | 117.2% |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $28.8M | ||
| Q3 25 | $97.2M | $30.7M | ||
| Q2 25 | $51.9M | $20.9M | ||
| Q1 25 | $30.6M | $20.5M | ||
| Q4 24 | $34.7M | $20.6M | ||
| Q3 24 | $79.9M | $24.3M | ||
| Q2 24 | $67.0M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-78.6M | ||
| Q3 25 | $84.3M | $-51.4M | ||
| Q2 25 | $37.5M | $-65.3M | ||
| Q1 25 | $17.5M | $-62.7M | ||
| Q4 24 | $22.0M | $-72.0M | ||
| Q3 24 | $66.2M | $-51.3M | ||
| Q2 24 | $57.9M | $-78.3M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | -85.8% | ||
| Q3 25 | 60.4% | -57.2% | ||
| Q2 25 | 21.8% | -73.7% | ||
| Q1 25 | 10.5% | -71.3% | ||
| Q4 24 | 13.6% | -84.3% | ||
| Q3 24 | 41.0% | -58.5% | ||
| Q2 24 | 36.5% | -91.3% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 117.2% | ||
| Q3 25 | 9.2% | 91.4% | ||
| Q2 25 | 8.4% | 97.3% | ||
| Q1 25 | 7.9% | 94.7% | ||
| Q4 24 | 7.8% | 108.4% | ||
| Q3 24 | 8.4% | 86.2% | ||
| Q2 24 | 5.8% | 94.2% |
| 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× | — |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
