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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $142.2M, roughly 1.3× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs -15.7%, a 40.9% gap on every dollar of revenue. On growth, Wheels Up Experience Inc. posted the faster year-over-year revenue change (-10.2% vs -14.5%). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% 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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
OLED vs UP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $183.8M |
| Net Profit | $35.9M | $-28.9M |
| Gross Margin | 74.6% | 14.3% |
| Operating Margin | 30.1% | -0.9% |
| Net Margin | 25.2% | -15.7% |
| Revenue YoY | -14.5% | -10.2% |
| Net Profit YoY | -44.3% | 67.0% |
| EPS (diluted) | $0.76 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $139.6M | $185.5M | ||
| Q2 25 | $171.8M | $189.6M | ||
| Q1 25 | $166.3M | $177.5M | ||
| Q4 24 | $162.3M | $204.8M | ||
| Q3 24 | $161.6M | $193.9M | ||
| Q2 24 | $158.5M | $196.3M |
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-28.9M | ||
| Q3 25 | $44.0M | $-83.7M | ||
| Q2 25 | $67.3M | $-82.3M | ||
| Q1 25 | $64.4M | $-99.3M | ||
| Q4 24 | $46.0M | $-87.5M | ||
| Q3 24 | $66.9M | $-57.7M | ||
| Q2 24 | $52.3M | $-97.0M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 14.3% | ||
| Q3 25 | 74.6% | 6.8% | ||
| Q2 25 | 77.2% | 8.3% | ||
| Q1 25 | 77.1% | 10.8% | ||
| Q4 24 | 77.0% | 13.9% | ||
| Q3 24 | 77.8% | 13.9% | ||
| Q2 24 | 75.8% | 2.3% |
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -0.9% | ||
| Q3 25 | 30.9% | -33.1% | ||
| Q2 25 | 39.9% | -31.4% | ||
| Q1 25 | 41.9% | -45.5% | ||
| Q4 24 | 32.3% | -26.0% | ||
| Q3 24 | 41.5% | -21.6% | ||
| Q2 24 | 35.6% | -40.3% |
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -15.7% | ||
| Q3 25 | 31.5% | -45.1% | ||
| Q2 25 | 39.2% | -43.4% | ||
| Q1 25 | 38.8% | -55.9% | ||
| Q4 24 | 28.4% | -42.7% | ||
| Q3 24 | 41.4% | -29.8% | ||
| Q2 24 | 33.0% | -49.4% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.04 | ||
| Q3 25 | $0.92 | $-0.12 | ||
| Q2 25 | $1.41 | $-0.12 | ||
| Q1 25 | $1.35 | $-0.14 | ||
| Q4 24 | $0.96 | $-0.13 | ||
| Q3 24 | $1.40 | $-0.08 | ||
| Q2 24 | $1.10 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | — | $-392.1M |
| Total Assets | $1.9B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $133.9M | ||
| Q3 25 | $603.0M | $125.3M | ||
| Q2 25 | $525.2M | $107.0M | ||
| Q1 25 | $571.3M | $171.8M | ||
| Q4 24 | $492.7M | $216.4M | ||
| Q3 24 | $551.6M | $115.9M | ||
| Q2 24 | $530.5M | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $-392.1M | ||
| Q3 25 | $1.7B | $-374.5M | ||
| Q2 25 | $1.7B | $-347.8M | ||
| Q1 25 | $1.7B | $-288.1M | ||
| Q4 24 | $1.6B | $-202.1M | ||
| Q3 24 | $1.6B | $-117.7M | ||
| Q2 24 | $1.5B | $-72.2M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $968.8M | ||
| Q3 25 | $1.9B | $973.0M | ||
| Q2 25 | $1.9B | $1.0B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $1.8B | $1.1B |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | — | $-58.3M |
| FCF MarginFCF / Revenue | — | -31.7% |
| Capex IntensityCapex / Revenue | — | 21.7% |
| Cash ConversionOCF / Net Profit | 3.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $-18.4M | ||
| Q3 25 | $97.2M | $-37.1M | ||
| Q2 25 | $51.9M | $-62.9M | ||
| Q1 25 | $30.6M | $-47.9M | ||
| Q4 24 | $34.7M | $37.9M | ||
| Q3 24 | $79.9M | $-16.9M | ||
| Q2 24 | $67.0M | $-25.2M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-58.3M | ||
| Q3 25 | $84.3M | $-60.4M | ||
| Q2 25 | $37.5M | $-78.6M | ||
| Q1 25 | $17.5M | $-62.6M | ||
| Q4 24 | $22.0M | $-70.2M | ||
| Q3 24 | $66.2M | $-21.9M | ||
| Q2 24 | $57.9M | $-30.8M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | -31.7% | ||
| Q3 25 | 60.4% | -32.6% | ||
| Q2 25 | 21.8% | -41.5% | ||
| Q1 25 | 10.5% | -35.3% | ||
| Q4 24 | 13.6% | -34.3% | ||
| Q3 24 | 41.0% | -11.3% | ||
| Q2 24 | 36.5% | -15.7% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 21.7% | ||
| Q3 25 | 9.2% | 12.5% | ||
| Q2 25 | 8.4% | 8.3% | ||
| Q1 25 | 7.9% | 8.3% | ||
| Q4 24 | 7.8% | 52.8% | ||
| Q3 24 | 8.4% | 2.6% | ||
| Q2 24 | 5.8% | 2.9% |
| 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% |
UP
Segment breakdown not available.
