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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $142.2M, roughly 1.4× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 3.6%, a 21.7% gap on every dollar of revenue. On growth, VIRTUS INVESTMENT PARTNERS, INC. posted the faster year-over-year revenue change (-4.1% vs -14.5%). Over the past eight quarters, UNIVERSAL DISPLAY CORP \PA\'s revenue compounded faster (-5.3% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
OLED vs VRTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $142.2M | $199.5M |
| Net Profit | $35.9M | $7.1M |
| Gross Margin | 74.6% | — |
| Operating Margin | 30.1% | 7.7% |
| Net Margin | 25.2% | 3.6% |
| Revenue YoY | -14.5% | -4.1% |
| Net Profit YoY | -44.3% | -78.1% |
| EPS (diluted) | $0.76 | $1.05 |
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 | $199.5M | ||
| Q4 25 | $172.9M | $208.0M | ||
| Q3 25 | $139.6M | $216.4M | ||
| Q2 25 | $171.8M | $210.5M | ||
| Q1 25 | $166.3M | $217.9M | ||
| Q4 24 | $162.3M | $233.5M | ||
| Q3 24 | $161.6M | $227.0M | ||
| Q2 24 | $158.5M | $224.4M |
| Q1 26 | $35.9M | $7.1M | ||
| Q4 25 | $66.3M | $33.9M | ||
| Q3 25 | $44.0M | $31.3M | ||
| Q2 25 | $67.3M | $42.7M | ||
| Q1 25 | $64.4M | $28.1M | ||
| Q4 24 | $46.0M | $39.5M | ||
| Q3 24 | $66.9M | $49.1M | ||
| Q2 24 | $52.3M | $26.0M |
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | — | ||
| Q3 25 | 74.6% | — | ||
| Q2 25 | 77.2% | — | ||
| Q1 25 | 77.1% | — | ||
| Q4 24 | 77.0% | — | ||
| Q3 24 | 77.8% | — | ||
| Q2 24 | 75.8% | — |
| Q1 26 | 30.1% | 7.7% | ||
| Q4 25 | 38.9% | 19.1% | ||
| Q3 25 | 30.9% | 21.7% | ||
| Q2 25 | 39.9% | 21.5% | ||
| Q1 25 | 41.9% | 16.8% | ||
| Q4 24 | 32.3% | 21.7% | ||
| Q3 24 | 41.5% | 24.3% | ||
| Q2 24 | 35.6% | 19.7% |
| Q1 26 | 25.2% | 3.6% | ||
| Q4 25 | 38.4% | 16.3% | ||
| Q3 25 | 31.5% | 14.5% | ||
| Q2 25 | 39.2% | 20.3% | ||
| Q1 25 | 38.8% | 12.9% | ||
| Q4 24 | 28.4% | 16.9% | ||
| Q3 24 | 41.4% | 21.6% | ||
| Q2 24 | 33.0% | 11.6% |
| Q1 26 | $0.76 | $1.05 | ||
| Q4 25 | $1.40 | $5.15 | ||
| Q3 25 | $0.92 | $4.65 | ||
| Q2 25 | $1.41 | $6.12 | ||
| Q1 25 | $1.35 | $4.05 | ||
| Q4 24 | $0.96 | $4.65 | ||
| Q3 24 | $1.40 | $5.71 | ||
| Q2 24 | $1.10 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $93.6B |
| Total Assets | $1.9B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $516.4M | $136.6M | ||
| 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 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $1.8B | $934.0M | ||
| Q3 25 | $1.7B | $918.7M | ||
| Q2 25 | $1.7B | $896.4M | ||
| Q1 25 | $1.7B | $893.7M | ||
| Q4 24 | $1.6B | $897.5M | ||
| Q3 24 | $1.6B | $889.0M | ||
| Q2 24 | $1.5B | $868.7M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $4.3B | ||
| Q3 25 | $1.9B | $3.9B | ||
| Q2 25 | $1.9B | $3.7B | ||
| Q1 25 | $1.9B | $3.7B | ||
| Q4 24 | $1.8B | $4.0B | ||
| Q3 24 | $1.8B | $3.6B | ||
| Q2 24 | $1.8B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| 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 | $-67.2M | ||
| Q3 25 | $97.2M | $108.3M | ||
| Q2 25 | $51.9M | $75.8M | ||
| Q1 25 | $30.6M | $-3.8M | ||
| Q4 24 | $34.7M | $1.8M | ||
| Q3 24 | $79.9M | $69.1M | ||
| Q2 24 | $67.0M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-74.1M | ||
| Q3 25 | $84.3M | $106.9M | ||
| Q2 25 | $37.5M | $74.2M | ||
| Q1 25 | $17.5M | $-6.8M | ||
| Q4 24 | $22.0M | $-3.8M | ||
| Q3 24 | $66.2M | $68.7M | ||
| Q2 24 | $57.9M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | -35.6% | ||
| Q3 25 | 60.4% | 49.4% | ||
| Q2 25 | 21.8% | 35.2% | ||
| Q1 25 | 10.5% | -3.1% | ||
| Q4 24 | 13.6% | -1.6% | ||
| Q3 24 | 41.0% | 30.3% | ||
| Q2 24 | 36.5% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 3.3% | ||
| Q3 25 | 9.2% | 0.7% | ||
| Q2 25 | 8.4% | 0.7% | ||
| Q1 25 | 7.9% | 1.4% | ||
| Q4 24 | 7.8% | 2.4% | ||
| Q3 24 | 8.4% | 0.2% | ||
| Q2 24 | 5.8% | 0.6% |
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | -1.99× | ||
| Q3 25 | 2.21× | 3.45× | ||
| Q2 25 | 0.77× | 1.77× | ||
| Q1 25 | 0.47× | -0.13× | ||
| Q4 24 | 0.75× | 0.04× | ||
| Q3 24 | 1.19× | 1.41× | ||
| Q2 24 | 1.28× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
