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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Target Hospitality Corp. (TH). 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 $73.5M, roughly 1.9× Target Hospitality Corp.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -20.3%, a 45.6% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -14.5%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% 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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
OLED vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $73.5M |
| Net Profit | $35.9M | $-14.9M |
| Gross Margin | 74.6% | 9.6% |
| Operating Margin | 30.1% | -22.9% |
| Net Margin | 25.2% | -20.3% |
| Revenue YoY | -14.5% | 22.0% |
| Net Profit YoY | -44.3% | -219.1% |
| EPS (diluted) | $0.76 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $139.6M | $91.6M | ||
| Q2 25 | $171.8M | $54.9M | ||
| Q1 25 | $166.3M | $54.9M | ||
| Q4 24 | $162.3M | $60.2M | ||
| Q3 24 | $161.6M | $65.8M | ||
| Q2 24 | $158.5M | $67.5M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-14.9M | ||
| Q3 25 | $44.0M | $-795.0K | ||
| Q2 25 | $67.3M | $-14.9M | ||
| Q1 25 | $64.4M | $-6.5M | ||
| Q4 24 | $46.0M | $12.5M | ||
| Q3 24 | $66.9M | $20.0M | ||
| Q2 24 | $52.3M | $18.4M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 9.6% | ||
| Q3 25 | 74.6% | 19.6% | ||
| Q2 25 | 77.2% | -0.6% | ||
| Q1 25 | 77.1% | 32.7% | ||
| Q4 24 | 77.0% | 61.5% | ||
| Q3 24 | 77.8% | 68.7% | ||
| Q2 24 | 75.8% | 69.4% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -22.9% | ||
| Q3 25 | 30.9% | 0.1% | ||
| Q2 25 | 39.9% | -30.8% | ||
| Q1 25 | 41.9% | -2.0% | ||
| Q4 24 | 32.3% | 34.5% | ||
| Q3 24 | 41.5% | 42.5% | ||
| Q2 24 | 35.6% | 43.8% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -20.3% | ||
| Q3 25 | 31.5% | -0.9% | ||
| Q2 25 | 39.2% | -27.2% | ||
| Q1 25 | 38.8% | -11.8% | ||
| Q4 24 | 28.4% | 20.8% | ||
| Q3 24 | 41.4% | 30.4% | ||
| Q2 24 | 33.0% | 27.2% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.14 | ||
| Q3 25 | $0.92 | $-0.01 | ||
| Q2 25 | $1.41 | $-0.15 | ||
| Q1 25 | $1.35 | $-0.07 | ||
| Q4 24 | $0.96 | $0.12 | ||
| Q3 24 | $1.40 | $0.20 | ||
| Q2 24 | $1.10 | $0.18 |
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 | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | — | $389.3M |
| Total Assets | $1.9B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $8.3M | ||
| Q3 25 | $603.0M | $30.4M | ||
| Q2 25 | $525.2M | $19.2M | ||
| Q1 25 | $571.3M | $34.5M | ||
| Q4 24 | $492.7M | $190.7M | ||
| Q3 24 | $551.6M | $177.7M | ||
| Q2 24 | $530.5M | $154.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $389.3M | ||
| Q3 25 | $1.7B | $402.4M | ||
| Q2 25 | $1.7B | $401.3M | ||
| Q1 25 | $1.7B | $415.3M | ||
| Q4 24 | $1.6B | $421.1M | ||
| Q3 24 | $1.6B | $417.6M | ||
| Q2 24 | $1.5B | $397.2M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $530.2M | ||
| Q3 25 | $1.9B | $541.2M | ||
| Q2 25 | $1.9B | $533.7M | ||
| Q1 25 | $1.9B | $562.5M | ||
| Q4 24 | $1.8B | $725.8M | ||
| Q3 24 | $1.8B | $709.8M | ||
| Q2 24 | $1.8B | $697.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $5.7M | ||
| Q3 25 | $97.2M | $53.4M | ||
| Q2 25 | $51.9M | $11.1M | ||
| Q1 25 | $30.6M | $3.9M | ||
| Q4 24 | $34.7M | $30.6M | ||
| Q3 24 | $79.9M | $31.4M | ||
| Q2 24 | $67.0M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | — | ||
| Q3 25 | $84.3M | — | ||
| Q2 25 | $37.5M | — | ||
| Q1 25 | $17.5M | $-11.6M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $66.2M | — | ||
| Q2 24 | $57.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | — | ||
| Q3 25 | 60.4% | — | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 10.5% | -21.1% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 41.0% | — | ||
| Q2 24 | 36.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 7.9% | 28.2% | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 5.8% | — |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | — | ||
| Q3 25 | 2.21× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | 2.44× | ||
| Q3 24 | 1.19× | 1.57× | ||
| Q2 24 | 1.28× | 2.13× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
