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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $142.2M, roughly 1.7× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 10.6%, a 14.6% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -14.5%). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
OLED vs TGLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $245.3M |
| Net Profit | $35.9M | $26.1M |
| Gross Margin | 74.6% | 40.0% |
| Operating Margin | 30.1% | 18.3% |
| Net Margin | 25.2% | 10.6% |
| Revenue YoY | -14.5% | 2.4% |
| Net Profit YoY | -44.3% | -44.5% |
| EPS (diluted) | $0.76 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $139.6M | $260.5M | ||
| Q2 25 | $171.8M | $255.5M | ||
| Q1 25 | $166.3M | $222.3M | ||
| Q4 24 | $162.3M | $239.6M | ||
| Q3 24 | $161.6M | $238.3M | ||
| Q2 24 | $158.5M | $219.7M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $26.1M | ||
| Q3 25 | $44.0M | $47.2M | ||
| Q2 25 | $67.3M | $44.1M | ||
| Q1 25 | $64.4M | $42.2M | ||
| Q4 24 | $46.0M | $47.0M | ||
| Q3 24 | $66.9M | $49.5M | ||
| Q2 24 | $52.3M | $35.0M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 40.0% | ||
| Q3 25 | 74.6% | 42.7% | ||
| Q2 25 | 77.2% | 44.7% | ||
| Q1 25 | 77.1% | 43.9% | ||
| Q4 24 | 77.0% | 44.5% | ||
| Q3 24 | 77.8% | 45.8% | ||
| Q2 24 | 75.8% | 40.8% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | 18.3% | ||
| Q3 25 | 30.9% | 25.1% | ||
| Q2 25 | 39.9% | 24.0% | ||
| Q1 25 | 41.9% | 26.7% | ||
| Q4 24 | 32.3% | 28.0% | ||
| Q3 24 | 41.5% | 28.4% | ||
| Q2 24 | 35.6% | 23.3% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | 10.6% | ||
| Q3 25 | 31.5% | 18.1% | ||
| Q2 25 | 39.2% | 17.3% | ||
| Q1 25 | 38.8% | 19.0% | ||
| Q4 24 | 28.4% | 19.6% | ||
| Q3 24 | 41.4% | 20.8% | ||
| Q2 24 | 33.0% | 15.9% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $0.57 | ||
| Q3 25 | $0.92 | $1.01 | ||
| Q2 25 | $1.41 | $0.94 | ||
| Q1 25 | $1.35 | $0.90 | ||
| Q4 24 | $0.96 | $1.00 | ||
| Q3 24 | $1.40 | $1.05 | ||
| Q2 24 | $1.10 | $0.75 |
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 | $104.1M |
| Total DebtLower is stronger | — | $174.4M |
| Stockholders' EquityBook value | — | $713.1M |
| Total Assets | $1.9B | $1.3B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $104.1M | ||
| Q3 25 | $603.0M | $127.1M | ||
| Q2 25 | $525.2M | $140.9M | ||
| Q1 25 | $571.3M | $160.2M | ||
| Q4 24 | $492.7M | $137.5M | ||
| Q3 24 | $551.6M | $124.8M | ||
| Q2 24 | $530.5M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | — | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $713.1M | ||
| Q3 25 | $1.7B | $764.0M | ||
| Q2 25 | $1.7B | $736.0M | ||
| Q1 25 | $1.7B | $685.1M | ||
| Q4 24 | $1.6B | $631.2M | ||
| Q3 24 | $1.6B | $613.3M | ||
| Q2 24 | $1.5B | $574.8M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $1.3B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.8B | $996.3M | ||
| Q2 24 | $1.8B | $942.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | — | $11.4M |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 8.0% |
| Cash ConversionOCF / Net Profit | 3.03× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $31.0M | ||
| Q3 25 | $97.2M | $40.0M | ||
| Q2 25 | $51.9M | $17.9M | ||
| Q1 25 | $30.6M | $46.9M | ||
| Q4 24 | $34.7M | $61.1M | ||
| Q3 24 | $79.9M | $41.5M | ||
| Q2 24 | $67.0M | $34.5M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $11.4M | ||
| Q3 25 | $84.3M | $21.2M | ||
| Q2 25 | $37.5M | $-14.7M | ||
| Q1 25 | $17.5M | $16.5M | ||
| Q4 24 | $22.0M | $35.4M | ||
| Q3 24 | $66.2M | $17.8M | ||
| Q2 24 | $57.9M | $14.2M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 4.7% | ||
| Q3 25 | 60.4% | 8.2% | ||
| Q2 25 | 21.8% | -5.7% | ||
| Q1 25 | 10.5% | 7.4% | ||
| Q4 24 | 13.6% | 14.8% | ||
| Q3 24 | 41.0% | 7.5% | ||
| Q2 24 | 36.5% | 6.5% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 8.0% | ||
| Q3 25 | 9.2% | 7.2% | ||
| Q2 25 | 8.4% | 12.7% | ||
| Q1 25 | 7.9% | 13.7% | ||
| Q4 24 | 7.8% | 10.7% | ||
| Q3 24 | 8.4% | 9.9% | ||
| Q2 24 | 5.8% | 9.2% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | 1.19× | ||
| Q3 25 | 2.21× | 0.85× | ||
| Q2 25 | 0.77× | 0.41× | ||
| Q1 25 | 0.47× | 1.11× | ||
| Q4 24 | 0.75× | 1.30× | ||
| Q3 24 | 1.19× | 0.84× | ||
| Q2 24 | 1.28× | 0.98× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
