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Side-by-side financial comparison of UNIVERSAL DISPLAY CORP \PA\ (OLED) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $172.9M, roughly 2.0× UNIVERSAL DISPLAY CORP \PA\). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 38.4% vs -12.9%, a 51.3% gap on every dollar of revenue. On growth, UNIVERSAL DISPLAY CORP \PA\ posted the faster year-over-year revenue change (6.6% vs -0.4%). UNIVERSAL DISPLAY CORP \PA\ produced more free cash flow last quarter ($15.1M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 2.3%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
OLED vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.9M | $340.0M |
| Net Profit | $66.3M | $-13.9M |
| Gross Margin | 76.1% | — |
| Operating Margin | 38.9% | -17.2% |
| Net Margin | 38.4% | -12.9% |
| Revenue YoY | 6.6% | -0.4% |
| Net Profit YoY | 44.2% | -131.0% |
| EPS (diluted) | $1.40 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $139.6M | $337.7M | ||
| Q2 25 | $171.8M | $319.2M | ||
| Q1 25 | $166.3M | $237.4M | ||
| Q4 24 | $162.3M | $341.5M | ||
| Q3 24 | $161.6M | $292.3M | ||
| Q2 24 | $158.5M | $270.7M | ||
| Q1 24 | $165.3M | $228.1M |
| Q4 25 | $66.3M | $-13.9M | ||
| Q3 25 | $44.0M | $33.5M | ||
| Q2 25 | $67.3M | $34.0M | ||
| Q1 25 | $64.4M | $2.8M | ||
| Q4 24 | $46.0M | $44.8M | ||
| Q3 24 | $66.9M | $28.8M | ||
| Q2 24 | $52.3M | $22.7M | ||
| Q1 24 | $56.9M | $11.9M |
| 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 24 | 77.6% | — |
| Q4 25 | 38.9% | -17.2% | ||
| Q3 25 | 30.9% | 13.6% | ||
| Q2 25 | 39.9% | 14.5% | ||
| Q1 25 | 41.9% | 2.2% | ||
| Q4 24 | 32.3% | 15.3% | ||
| Q3 24 | 41.5% | 12.8% | ||
| Q2 24 | 35.6% | 10.4% | ||
| Q1 24 | 38.0% | 6.0% |
| Q4 25 | 38.4% | -12.9% | ||
| Q3 25 | 31.5% | 9.9% | ||
| Q2 25 | 39.2% | 10.6% | ||
| Q1 25 | 38.8% | 1.2% | ||
| Q4 24 | 28.4% | 13.1% | ||
| Q3 24 | 41.4% | 9.9% | ||
| Q2 24 | 33.0% | 8.4% | ||
| Q1 24 | 34.4% | 5.2% |
| Q4 25 | $1.40 | $-0.41 | ||
| Q3 25 | $0.92 | $0.98 | ||
| Q2 25 | $1.41 | $0.99 | ||
| Q1 25 | $1.35 | $0.08 | ||
| Q4 24 | $0.96 | $1.32 | ||
| Q3 24 | $1.40 | $0.85 | ||
| Q2 24 | $1.10 | $0.67 | ||
| Q1 24 | $1.19 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $1.7B |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $602.4M | $299.3M | ||
| Q3 25 | $603.0M | $274.8M | ||
| Q2 25 | $525.2M | $233.7M | ||
| Q1 25 | $571.3M | $181.0M | ||
| Q4 24 | $492.7M | $279.3M | ||
| Q3 24 | $551.6M | $179.8M | ||
| Q2 24 | $530.5M | $208.1M | ||
| Q1 24 | $539.3M | $216.5M |
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.7B | $1.7B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.5B | $1.7B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $1.9B | $4.7B | ||
| Q1 25 | $1.9B | $4.5B | ||
| Q4 24 | $1.8B | $4.4B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.8B | $4.2B | ||
| Q1 24 | $1.7B | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $15.1M | $-680.1M |
| FCF MarginFCF / Revenue | 8.7% | -200.0% |
| Capex IntensityCapex / Revenue | 9.3% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $154.4M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.1M | $-664.3M | ||
| Q3 25 | $97.2M | $-948.1M | ||
| Q2 25 | $51.9M | $-238.5M | ||
| Q1 25 | $30.6M | $-281.1M | ||
| Q4 24 | $34.7M | $129.4M | ||
| Q3 24 | $79.9M | $-202.0M | ||
| Q2 24 | $67.0M | $-237.8M | ||
| Q1 24 | $72.2M | $38.4M |
| Q4 25 | $15.1M | $-680.1M | ||
| Q3 25 | $84.3M | $-950.4M | ||
| Q2 25 | $37.5M | $-241.0M | ||
| Q1 25 | $17.5M | $-284.7M | ||
| Q4 24 | $22.0M | $116.4M | ||
| Q3 24 | $66.2M | $-204.0M | ||
| Q2 24 | $57.9M | $-241.7M | ||
| Q1 24 | $65.0M | $35.2M |
| Q4 25 | 8.7% | -200.0% | ||
| Q3 25 | 60.4% | -281.5% | ||
| Q2 25 | 21.8% | -75.5% | ||
| Q1 25 | 10.5% | -120.0% | ||
| Q4 24 | 13.6% | 34.1% | ||
| Q3 24 | 41.0% | -69.8% | ||
| Q2 24 | 36.5% | -89.3% | ||
| Q1 24 | 39.3% | 15.4% |
| Q4 25 | 9.3% | 4.6% | ||
| Q3 25 | 9.2% | 0.7% | ||
| Q2 25 | 8.4% | 0.8% | ||
| Q1 25 | 7.9% | 1.5% | ||
| Q4 24 | 7.8% | 3.8% | ||
| Q3 24 | 8.4% | 0.7% | ||
| Q2 24 | 5.8% | 1.4% | ||
| Q1 24 | 4.4% | 1.4% |
| Q4 25 | 0.47× | — | ||
| Q3 25 | 2.21× | -28.34× | ||
| Q2 25 | 0.77× | -7.02× | ||
| Q1 25 | 0.47× | -102.07× | ||
| Q4 24 | 0.75× | 2.89× | ||
| Q3 24 | 1.19× | -7.01× | ||
| Q2 24 | 1.28× | -10.49× | ||
| Q1 24 | 1.27× | 3.24× |
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% |
WD
Segment breakdown not available.
