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UNIVERSAL DISPLAY CORP \PA\（OLED）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
Rocket Lab Corp的季度营收约是UNIVERSAL DISPLAY CORP \PA\的1.3倍（$179.7M vs $142.2M），UNIVERSAL DISPLAY CORP \PA\净利率更高（25.2% vs -29.5%，领先54.7%），Rocket Lab Corp同比增速更快（35.7% vs -14.5%），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -5.3%）
Universal Display Corporation（股票代码OLED）是有机发光二极管（OLED）技术及材料的研发与生产企业，拥有深厚的技术积累，面向显示、照明两大领域提供相关配套服务，是全球OLED上游产业链的核心供应商之一。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
OLED vs RKLB — 直观对比
营收规模更大
RKLB
是对方的1.3倍
$142.2M
营收增速更快
RKLB
高出50.2%
-14.5%
净利率更高
OLED
高出54.7%
-29.5%
两年增速更快
RKLB
近两年复合增速
-5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.2M | $179.7M |
| 净利润 | $35.9M | $-52.9M |
| 毛利率 | 74.6% | 38.0% |
| 营业利润率 | 30.1% | -28.4% |
| 净利率 | 25.2% | -29.5% |
| 营收同比 | -14.5% | 35.7% |
| 净利润同比 | -44.3% | -1.1% |
| 每股收益（稀释后） | $0.76 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收OLEDRKLB
| Q1 26 | $142.2M | — | ||
| Q4 25 | $172.9M | $179.7M | ||
| Q3 25 | $139.6M | $155.1M | ||
| Q2 25 | $171.8M | $144.5M | ||
| Q1 25 | $166.3M | $122.6M | ||
| Q4 24 | $162.3M | $132.4M | ||
| Q3 24 | $161.6M | $104.8M | ||
| Q2 24 | $158.5M | $106.3M |
净利润OLEDRKLB
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-52.9M | ||
| Q3 25 | $44.0M | $-18.3M | ||
| Q2 25 | $67.3M | $-66.4M | ||
| Q1 25 | $64.4M | $-60.6M | ||
| Q4 24 | $46.0M | $-52.3M | ||
| Q3 24 | $66.9M | $-51.9M | ||
| Q2 24 | $52.3M | $-41.6M |
毛利率OLEDRKLB
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 38.0% | ||
| Q3 25 | 74.6% | 37.0% | ||
| Q2 25 | 77.2% | 32.1% | ||
| Q1 25 | 77.1% | 28.8% | ||
| Q4 24 | 77.0% | 27.8% | ||
| Q3 24 | 77.8% | 26.7% | ||
| Q2 24 | 75.8% | 25.6% |
营业利润率OLEDRKLB
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -28.4% | ||
| Q3 25 | 30.9% | -38.0% | ||
| Q2 25 | 39.9% | -41.3% | ||
| Q1 25 | 41.9% | -48.3% | ||
| Q4 24 | 32.3% | -38.9% | ||
| Q3 24 | 41.5% | -49.5% | ||
| Q2 24 | 35.6% | -40.7% |
净利率OLEDRKLB
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -29.5% | ||
| Q3 25 | 31.5% | -11.8% | ||
| Q2 25 | 39.2% | -46.0% | ||
| Q1 25 | 38.8% | -49.5% | ||
| Q4 24 | 28.4% | -39.5% | ||
| Q3 24 | 41.4% | -49.6% | ||
| Q2 24 | 33.0% | -39.2% |
每股收益（稀释后）OLEDRKLB
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-0.09 | ||
| Q3 25 | $0.92 | $-0.03 | ||
| Q2 25 | $1.41 | $-0.13 | ||
| Q1 25 | $1.35 | $-0.12 | ||
| Q4 24 | $0.96 | $-0.11 | ||
| Q3 24 | $1.40 | $-0.10 | ||
| Q2 24 | $1.10 | $-0.08 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $516.4M | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | — | $1.7B |
| 总资产 | $1.9B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资OLEDRKLB
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $1.0B | ||
| Q3 25 | $603.0M | $976.7M | ||
| Q2 25 | $525.2M | $688.1M | ||
| Q1 25 | $571.3M | $428.4M | ||
| Q4 24 | $492.7M | $419.0M | ||
| Q3 24 | $551.6M | $442.4M | ||
| Q2 24 | $530.5M | $496.8M |
总债务OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.7B | $1.3B | ||
| Q2 25 | $1.7B | $688.5M | ||
| Q1 25 | $1.7B | $431.3M | ||
| Q4 24 | $1.6B | $382.5M | ||
| Q3 24 | $1.6B | $419.8M | ||
| Q2 24 | $1.5B | $455.2M |
总资产OLEDRKLB
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.9B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B |
负债/权益比OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $108.9M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | — | $-114.2M |
| 自由现金流率自由现金流/营收 | — | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 现金转化率经营现金流/净利润 | 3.03× | — |
| 过去12个月自由现金流最近4个季度 | — | $-321.8M |
8季度趋势，按日历期对齐
经营现金流OLEDRKLB
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $-64.5M | ||
| Q3 25 | $97.2M | $-23.5M | ||
| Q2 25 | $51.9M | $-23.2M | ||
| Q1 25 | $30.6M | $-54.2M | ||
| Q4 24 | $34.7M | $-2.4M | ||
| Q3 24 | $79.9M | $-30.9M | ||
| Q2 24 | $67.0M | $-13.0M |
自由现金流OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $-114.2M | ||
| Q3 25 | $84.3M | $-69.4M | ||
| Q2 25 | $37.5M | $-55.3M | ||
| Q1 25 | $17.5M | $-82.9M | ||
| Q4 24 | $22.0M | $-23.9M | ||
| Q3 24 | $66.2M | $-41.9M | ||
| Q2 24 | $57.9M | $-28.3M |
自由现金流率OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | -63.6% | ||
| Q3 25 | 60.4% | -44.8% | ||
| Q2 25 | 21.8% | -38.3% | ||
| Q1 25 | 10.5% | -67.6% | ||
| Q4 24 | 13.6% | -18.1% | ||
| Q3 24 | 41.0% | -40.0% | ||
| Q2 24 | 36.5% | -26.7% |
资本支出强度OLEDRKLB
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 27.6% | ||
| Q3 25 | 9.2% | 29.6% | ||
| Q2 25 | 8.4% | 22.2% | ||
| Q1 25 | 7.9% | 23.4% | ||
| Q4 24 | 7.8% | 16.3% | ||
| Q3 24 | 8.4% | 10.5% | ||
| Q2 24 | 5.8% | 14.4% |
现金转化率OLEDRKLB
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
