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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $172.9M, roughly 1.2× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs -62.0%, a 100.4% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $15.1M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
OLED vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.9M | $210.5M |
| Net Profit | $66.3M | $-130.6M |
| Gross Margin | 76.1% | 10.0% |
| Operating Margin | 38.9% | -45.0% |
| Net Margin | 38.4% | -62.0% |
| Revenue YoY | 6.6% | — |
| Net Profit YoY | 44.2% | -375.2% |
| EPS (diluted) | $1.40 | $-0.87 |
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.
| Q4 25 | $172.9M | — | ||
| Q3 25 | $139.6M | $210.5M | ||
| Q2 25 | $171.8M | $132.8M | ||
| Q1 25 | $166.3M | $53.5M | ||
| Q4 24 | $162.3M | — | ||
| Q3 24 | $161.6M | $0 | ||
| Q2 24 | $158.5M | $0 | ||
| Q1 24 | $165.3M | $0 |
| Q4 25 | $66.3M | — | ||
| Q3 25 | $44.0M | $-130.6M | ||
| Q2 25 | $67.3M | $-31.9M | ||
| Q1 25 | $64.4M | $-16.2M | ||
| Q4 24 | $46.0M | — | ||
| Q3 24 | $66.9M | $-27.5M | ||
| Q2 24 | $52.3M | $-27.0M | ||
| Q1 24 | $56.9M | $-28.5M |
| Q4 25 | 76.1% | — | ||
| Q3 25 | 74.6% | 10.0% | ||
| Q2 25 | 77.2% | 24.7% | ||
| Q1 25 | 77.1% | 33.3% | ||
| Q4 24 | 77.0% | — | ||
| Q3 24 | 77.8% | — | ||
| Q2 24 | 75.8% | — | ||
| Q1 24 | 77.6% | — |
| Q4 25 | 38.9% | — | ||
| Q3 25 | 30.9% | -45.0% | ||
| Q2 25 | 39.9% | -22.0% | ||
| Q1 25 | 41.9% | -44.2% | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.6% | — | ||
| Q1 24 | 38.0% | — |
| Q4 25 | 38.4% | — | ||
| Q3 25 | 31.5% | -62.0% | ||
| Q2 25 | 39.2% | -24.0% | ||
| Q1 25 | 38.8% | -30.4% | ||
| Q4 24 | 28.4% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 34.4% | — |
| Q4 25 | $1.40 | — | ||
| Q3 25 | $0.92 | $-0.87 | ||
| Q2 25 | $1.41 | $-0.21 | ||
| Q1 25 | $1.35 | $-0.11 | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | $-0.20 | ||
| Q2 24 | $1.10 | $-0.19 | ||
| Q1 24 | $1.19 | $-0.20 |
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 | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $1.8B | $96.9M |
| Total Assets | $2.0B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $602.4M | — | ||
| Q3 25 | $603.0M | $34.1M | ||
| Q2 25 | $525.2M | $8.5M | ||
| Q1 25 | $571.3M | $48.9M | ||
| Q4 24 | $492.7M | — | ||
| Q3 24 | $551.6M | $181.9M | ||
| Q2 24 | $530.5M | $219.6M | ||
| Q1 24 | $539.3M | $249.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.7B | $96.9M | ||
| Q2 25 | $1.7B | $183.9M | ||
| Q1 25 | $1.7B | $201.9M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $538.7M | ||
| Q2 24 | $1.5B | $561.6M | ||
| Q1 24 | $1.5B | $582.3M |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $615.0M | ||
| Q2 24 | $1.8B | $644.4M | ||
| Q1 24 | $1.7B | $670.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $15.1M | $55.0M |
| FCF MarginFCF / Revenue | 8.7% | 26.1% |
| Capex IntensityCapex / Revenue | 9.3% | 4.2% |
| Cash ConversionOCF / Net Profit | 0.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $154.4M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | — | ||
| Q3 25 | $97.2M | $63.9M | ||
| Q2 25 | $51.9M | $33.4M | ||
| Q1 25 | $30.6M | $-44.8M | ||
| Q4 24 | $34.7M | — | ||
| Q3 24 | $79.9M | $-28.4M | ||
| Q2 24 | $67.0M | $-28.0M | ||
| Q1 24 | $72.2M | $-16.2M |
| Q4 25 | $15.1M | — | ||
| Q3 25 | $84.3M | $55.0M | ||
| Q2 25 | $37.5M | $10.6M | ||
| Q1 25 | $17.5M | $-74.0M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $66.2M | $-34.0M | ||
| Q2 24 | $57.9M | $-35.6M | ||
| Q1 24 | $65.0M | $-37.7M |
| Q4 25 | 8.7% | — | ||
| Q3 25 | 60.4% | 26.1% | ||
| Q2 25 | 21.8% | 8.0% | ||
| Q1 25 | 10.5% | -138.4% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 36.5% | — | ||
| Q1 24 | 39.3% | — |
| Q4 25 | 9.3% | — | ||
| Q3 25 | 9.2% | 4.2% | ||
| Q2 25 | 8.4% | 17.2% | ||
| Q1 25 | 7.9% | 54.5% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 4.4% | — |
| 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× | — | ||
| Q1 24 | 1.27× | — |
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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
