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UNIVERSAL DISPLAY CORP \PA\（OLED）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
UNIVERSAL DISPLAY CORP \PA\的季度营收约是RE/MAX Holdings, Inc.的2.0倍（$142.2M vs $71.1M），UNIVERSAL DISPLAY CORP \PA\净利率更高（25.2% vs 2.0%，领先23.2%），RE/MAX Holdings, Inc.同比增速更快（-1.8% vs -14.5%），过去两年RE/MAX Holdings, Inc.的营收复合增速更高（-4.7% 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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
OLED vs RMAX — 直观对比
营收规模更大
OLED
是对方的2.0倍
$71.1M
营收增速更快
RMAX
高出12.6%
-14.5%
净利率更高
OLED
高出23.2%
2.0%
两年增速更快
RMAX
近两年复合增速
-5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.2M | $71.1M |
| 净利润 | $35.9M | $1.4M |
| 毛利率 | 74.6% | — |
| 营业利润率 | 30.1% | 13.1% |
| 净利率 | 25.2% | 2.0% |
| 营收同比 | -14.5% | -1.8% |
| 净利润同比 | -44.3% | -75.2% |
| 每股收益（稀释后） | $0.76 | — |
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OLEDRMAX
| Q1 26 | $142.2M | — | ||
| Q4 25 | $172.9M | $71.1M | ||
| Q3 25 | $139.6M | $73.2M | ||
| Q2 25 | $171.8M | $72.8M | ||
| Q1 25 | $166.3M | $74.5M | ||
| Q4 24 | $162.3M | $72.5M | ||
| Q3 24 | $161.6M | $78.5M | ||
| Q2 24 | $158.5M | $78.5M |
净利润OLEDRMAX
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $1.4M | ||
| Q3 25 | $44.0M | $4.0M | ||
| Q2 25 | $67.3M | $4.7M | ||
| Q1 25 | $64.4M | $-2.0M | ||
| Q4 24 | $46.0M | $5.8M | ||
| Q3 24 | $66.9M | $966.0K | ||
| Q2 24 | $52.3M | $3.7M |
毛利率OLEDRMAX
| 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% | — |
营业利润率OLEDRMAX
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | 13.1% | ||
| Q3 25 | 30.9% | 25.0% | ||
| Q2 25 | 39.9% | 19.3% | ||
| Q1 25 | 41.9% | 7.2% | ||
| Q4 24 | 32.3% | 5.9% | ||
| Q3 24 | 41.5% | 19.4% | ||
| Q2 24 | 35.6% | 20.6% |
净利率OLEDRMAX
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | 2.0% | ||
| Q3 25 | 31.5% | 5.4% | ||
| Q2 25 | 39.2% | 6.4% | ||
| Q1 25 | 38.8% | -2.6% | ||
| Q4 24 | 28.4% | 8.0% | ||
| Q3 24 | 41.4% | 1.2% | ||
| Q2 24 | 33.0% | 4.7% |
每股收益（稀释后）OLEDRMAX
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | — | ||
| Q3 25 | $0.92 | — | ||
| Q2 25 | $1.41 | — | ||
| Q1 25 | $1.35 | — | ||
| Q4 24 | $0.96 | — | ||
| Q3 24 | $1.40 | — | ||
| Q2 24 | $1.10 | — |
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 | $118.7M |
| 总债务越低越好 | — | $432.2M |
| 股东权益账面价值 | — | $452.4M |
| 总资产 | $1.9B | $582.5M |
| 负债/权益比越低杠杆越低 | — | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资OLEDRMAX
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $118.7M | ||
| Q3 25 | $603.0M | $107.5M | ||
| Q2 25 | $525.2M | $94.3M | ||
| Q1 25 | $571.3M | $89.1M | ||
| Q4 24 | $492.7M | $96.6M | ||
| Q3 24 | $551.6M | $83.8M | ||
| Q2 24 | $530.5M | $66.1M |
总债务OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M |
股东权益OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $452.4M | ||
| Q3 25 | $1.7B | $448.1M | ||
| Q2 25 | $1.7B | $442.4M | ||
| Q1 25 | $1.7B | $433.5M | ||
| Q4 24 | $1.6B | $429.5M | ||
| Q3 24 | $1.6B | $423.1M | ||
| Q2 24 | $1.5B | $418.4M |
总资产OLEDRMAX
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $582.5M | ||
| Q3 25 | $1.9B | $582.2M | ||
| Q2 25 | $1.9B | $574.8M | ||
| Q1 25 | $1.9B | $571.4M | ||
| Q4 24 | $1.8B | $581.6M | ||
| Q3 24 | $1.8B | $578.6M | ||
| Q2 24 | $1.8B | $571.4M |
负债/权益比OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | — | $33.5M |
| 自由现金流率自由现金流/营收 | — | 47.1% |
| 资本支出强度资本支出/营收 | — | 10.4% |
| 现金转化率经营现金流/净利润 | 3.03× | 28.39× |
| 过去12个月自由现金流最近4个季度 | — | $56.8M |
8季度趋势，按日历期对齐
经营现金流OLEDRMAX
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $40.9M | ||
| Q3 25 | $97.2M | $17.7M | ||
| Q2 25 | $51.9M | $4.6M | ||
| Q1 25 | $30.6M | $5.7M | ||
| Q4 24 | $34.7M | $59.7M | ||
| Q3 24 | $79.9M | $17.6M | ||
| Q2 24 | $67.0M | $15.9M |
自由现金流OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $33.5M | ||
| Q3 25 | $84.3M | $16.4M | ||
| Q2 25 | $37.5M | $2.9M | ||
| Q1 25 | $17.5M | $4.0M | ||
| Q4 24 | $22.0M | $53.0M | ||
| Q3 24 | $66.2M | $16.3M | ||
| Q2 24 | $57.9M | $14.0M |
自由现金流率OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 47.1% | ||
| Q3 25 | 60.4% | 22.4% | ||
| Q2 25 | 21.8% | 4.0% | ||
| Q1 25 | 10.5% | 5.3% | ||
| Q4 24 | 13.6% | 73.2% | ||
| Q3 24 | 41.0% | 20.8% | ||
| Q2 24 | 36.5% | 17.8% |
资本支出强度OLEDRMAX
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 10.4% | ||
| Q3 25 | 9.2% | 1.8% | ||
| Q2 25 | 8.4% | 2.2% | ||
| Q1 25 | 7.9% | 2.3% | ||
| Q4 24 | 7.8% | 9.1% | ||
| Q3 24 | 8.4% | 1.7% | ||
| Q2 24 | 5.8% | 2.4% |
现金转化率OLEDRMAX
| Q1 26 | 3.03× | — | ||
| Q4 25 | 0.47× | 28.39× | ||
| Q3 25 | 2.21× | 4.45× | ||
| Q2 25 | 0.77× | 0.97× | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | 10.28× | ||
| Q3 24 | 1.19× | 18.22× | ||
| Q2 24 | 1.28× | 4.29× |
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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
