vs
Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Latham Group, Inc. (SWIM). 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 $100.0M, roughly 1.4× Latham Group, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -7.0%, a 32.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs -14.5%). Over the past eight quarters, Latham Group, Inc.'s revenue compounded faster (-4.9% 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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
OLED vs SWIM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $100.0M |
| Net Profit | $35.9M | $-7.0M |
| Gross Margin | 74.6% | 28.0% |
| Operating Margin | 30.1% | -10.7% |
| Net Margin | 25.2% | -7.0% |
| Revenue YoY | -14.5% | 14.5% |
| Net Profit YoY | -44.3% | 76.0% |
| EPS (diluted) | $0.76 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $139.6M | $161.9M | ||
| Q2 25 | $171.8M | $172.6M | ||
| Q1 25 | $166.3M | $111.4M | ||
| Q4 24 | $162.3M | $87.3M | ||
| Q3 24 | $161.6M | $150.5M | ||
| Q2 24 | $158.5M | $160.1M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-7.0M | ||
| Q3 25 | $44.0M | $8.1M | ||
| Q2 25 | $67.3M | $16.0M | ||
| Q1 25 | $64.4M | $-6.0M | ||
| Q4 24 | $46.0M | $-29.2M | ||
| Q3 24 | $66.9M | $5.9M | ||
| Q2 24 | $52.3M | $13.3M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 28.0% | ||
| Q3 25 | 74.6% | 35.4% | ||
| Q2 25 | 77.2% | 37.1% | ||
| Q1 25 | 77.1% | 29.5% | ||
| Q4 24 | 77.0% | 24.6% | ||
| Q3 24 | 77.8% | 32.4% | ||
| Q2 24 | 75.8% | 33.1% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -10.7% | ||
| Q3 25 | 30.9% | 13.3% | ||
| Q2 25 | 39.9% | 14.3% | ||
| Q1 25 | 41.9% | -4.4% | ||
| Q4 24 | 32.3% | -14.9% | ||
| Q3 24 | 41.5% | 8.9% | ||
| Q2 24 | 35.6% | 12.5% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -7.0% | ||
| Q3 25 | 31.5% | 5.0% | ||
| Q2 25 | 39.2% | 9.3% | ||
| Q1 25 | 38.8% | -5.4% | ||
| Q4 24 | 28.4% | -33.4% | ||
| Q3 24 | 41.4% | 3.9% | ||
| Q2 24 | 33.0% | 8.3% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.06 | ||
| Q3 25 | $0.92 | $0.07 | ||
| Q2 25 | $1.41 | $0.13 | ||
| Q1 25 | $1.35 | $-0.05 | ||
| Q4 24 | $0.96 | $-0.24 | ||
| Q3 24 | $1.40 | $0.05 | ||
| Q2 24 | $1.10 | $0.11 |
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 | — | $279.8M |
| Stockholders' EquityBook value | — | $405.9M |
| Total Assets | $1.9B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
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 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $405.9M | ||
| Q3 25 | $1.7B | $408.4M | ||
| Q2 25 | $1.7B | $398.4M | ||
| Q1 25 | $1.7B | $381.1M | ||
| Q4 24 | $1.6B | $387.2M | ||
| Q3 24 | $1.6B | $416.6M | ||
| Q2 24 | $1.5B | $408.1M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $823.2M | ||
| Q3 25 | $1.9B | $844.4M | ||
| Q2 25 | $1.9B | $822.1M | ||
| Q1 25 | $1.9B | $824.6M | ||
| Q4 24 | $1.8B | $794.2M | ||
| Q3 24 | $1.8B | $853.4M | ||
| Q2 24 | $1.8B | $830.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | — | $14.1M |
| FCF MarginFCF / Revenue | — | 14.1% |
| Capex IntensityCapex / Revenue | — | 9.2% |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $23.3M | ||
| Q3 25 | $97.2M | $51.0M | ||
| Q2 25 | $51.9M | $36.0M | ||
| Q1 25 | $30.6M | $-46.9M | ||
| Q4 24 | $34.7M | $6.2M | ||
| Q3 24 | $79.9M | $37.2M | ||
| Q2 24 | $67.0M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $14.1M | ||
| Q3 25 | $84.3M | $45.2M | ||
| Q2 25 | $37.5M | $29.1M | ||
| Q1 25 | $17.5M | $-50.3M | ||
| Q4 24 | $22.0M | $-98.0K | ||
| Q3 24 | $66.2M | $33.2M | ||
| Q2 24 | $57.9M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 14.1% | ||
| Q3 25 | 60.4% | 27.9% | ||
| Q2 25 | 21.8% | 16.8% | ||
| Q1 25 | 10.5% | -45.2% | ||
| Q4 24 | 13.6% | -0.1% | ||
| Q3 24 | 41.0% | 22.1% | ||
| Q2 24 | 36.5% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 9.2% | ||
| Q3 25 | 9.2% | 3.6% | ||
| Q2 25 | 8.4% | 4.0% | ||
| Q1 25 | 7.9% | 3.1% | ||
| Q4 24 | 7.8% | 7.2% | ||
| Q3 24 | 8.4% | 2.7% | ||
| Q2 24 | 5.8% | 2.8% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 2.21× | 6.29× | ||
| Q2 25 | 0.77× | 2.25× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 1.19× | 6.32× | ||
| Q2 24 | 1.28× | 3.95× |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
