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UNIVERSAL DISPLAY CORP \PA\（OLED）与ROGERS CORP（ROG）财务数据对比。点击上方公司名可切换其他公司
ROGERS CORP的季度营收约是UNIVERSAL DISPLAY CORP \PA\的1.2倍（$200.5M vs $172.9M），UNIVERSAL DISPLAY CORP \PA\净利率更高（38.4% vs 2.2%，领先36.1%），UNIVERSAL DISPLAY CORP \PA\同比增速更快（6.6% vs 5.2%），UNIVERSAL DISPLAY CORP \PA\自由现金流更多（$15.1M vs $1.1M），过去两年UNIVERSAL DISPLAY CORP \PA\的营收复合增速更高（2.3% vs -3.3%）
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。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
OLED vs ROG — 直观对比
营收规模更大
ROG
是对方的1.2倍
$172.9M
营收增速更快
OLED
高出1.3%
5.2%
净利率更高
OLED
高出36.1%
2.2%
自由现金流更多
OLED
多$14.0M
$1.1M
两年增速更快
OLED
近两年复合增速
-3.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $172.9M | $200.5M |
| 净利润 | $66.3M | $4.5M |
| 毛利率 | 76.1% | 32.2% |
| 营业利润率 | 38.9% | — |
| 净利率 | 38.4% | 2.2% |
| 营收同比 | 6.6% | 5.2% |
| 净利润同比 | 44.2% | 421.4% |
| 每股收益（稀释后） | $1.40 | $0.25 |
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OLEDROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $172.9M | $201.5M | ||
| Q3 25 | $139.6M | $216.0M | ||
| Q2 25 | $171.8M | $202.8M | ||
| Q1 25 | $166.3M | $190.5M | ||
| Q4 24 | $162.3M | $192.2M | ||
| Q3 24 | $161.6M | $210.3M | ||
| Q2 24 | $158.5M | $214.2M |
净利润OLEDROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $66.3M | $4.6M | ||
| Q3 25 | $44.0M | $8.6M | ||
| Q2 25 | $67.3M | $-73.6M | ||
| Q1 25 | $64.4M | $-1.4M | ||
| Q4 24 | $46.0M | $-500.0K | ||
| Q3 24 | $66.9M | $10.7M | ||
| Q2 24 | $52.3M | $8.1M |
毛利率OLEDROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | 76.1% | 31.5% | ||
| Q3 25 | 74.6% | 33.5% | ||
| Q2 25 | 77.2% | 31.6% | ||
| Q1 25 | 77.1% | 29.9% | ||
| Q4 24 | 77.0% | 32.1% | ||
| Q3 24 | 77.8% | 35.2% | ||
| Q2 24 | 75.8% | 34.1% |
营业利润率OLEDROG
| Q1 26 | — | — | ||
| Q4 25 | 38.9% | 3.5% | ||
| Q3 25 | 30.9% | 7.3% | ||
| Q2 25 | 39.9% | -33.3% | ||
| Q1 25 | 41.9% | -0.2% | ||
| Q4 24 | 32.3% | -6.6% | ||
| Q3 24 | 41.5% | 6.9% | ||
| Q2 24 | 35.6% | 5.3% |
净利率OLEDROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | 38.4% | 2.3% | ||
| Q3 25 | 31.5% | 4.0% | ||
| Q2 25 | 39.2% | -36.3% | ||
| Q1 25 | 38.8% | -0.7% | ||
| Q4 24 | 28.4% | -0.3% | ||
| Q3 24 | 41.4% | 5.1% | ||
| Q2 24 | 33.0% | 3.8% |
每股收益（稀释后）OLEDROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $1.40 | $0.20 | ||
| Q3 25 | $0.92 | $0.48 | ||
| Q2 25 | $1.41 | $-4.00 | ||
| Q1 25 | $1.35 | $-0.08 | ||
| Q4 24 | $0.96 | $-0.04 | ||
| Q3 24 | $1.40 | $0.58 | ||
| Q2 24 | $1.10 | $0.44 |
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 | $602.4M | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.8B | $1.2B |
| 总资产 | $2.0B | $1.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资OLEDROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $602.4M | $197.0M | ||
| Q3 25 | $603.0M | $167.8M | ||
| Q2 25 | $525.2M | $157.2M | ||
| Q1 25 | $571.3M | $175.6M | ||
| Q4 24 | $492.7M | $159.8M | ||
| Q3 24 | $551.6M | $146.4M | ||
| Q2 24 | $530.5M | $119.9M |
股东权益OLEDROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.8B | $1.2B | ||
| Q3 25 | $1.7B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B |
总资产OLEDROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.5B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B |
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 | $31.1M | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $15.1M | $1.1M |
| 自由现金流率自由现金流/营收 | 8.7% | 0.5% |
| 资本支出强度资本支出/营收 | 9.3% | 2.3% |
| 现金转化率经营现金流/净利润 | 0.47× | 1.29× |
| 过去12个月自由现金流最近4个季度 | $154.4M | $70.1M |
8季度趋势，按日历期对齐
经营现金流OLEDROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $31.1M | $46.9M | ||
| Q3 25 | $97.2M | $28.9M | ||
| Q2 25 | $51.9M | $13.7M | ||
| Q1 25 | $30.6M | $11.7M | ||
| Q4 24 | $34.7M | $33.7M | ||
| Q3 24 | $79.9M | $42.4M | ||
| Q2 24 | $67.0M | $22.9M |
自由现金流OLEDROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $15.1M | $42.2M | ||
| Q3 25 | $84.3M | $21.2M | ||
| Q2 25 | $37.5M | $5.6M | ||
| Q1 25 | $17.5M | $2.1M | ||
| Q4 24 | $22.0M | $18.3M | ||
| Q3 24 | $66.2M | $25.2M | ||
| Q2 24 | $57.9M | $8.8M |
自由现金流率OLEDROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | 8.7% | 20.9% | ||
| Q3 25 | 60.4% | 9.8% | ||
| Q2 25 | 21.8% | 2.8% | ||
| Q1 25 | 10.5% | 1.1% | ||
| Q4 24 | 13.6% | 9.5% | ||
| Q3 24 | 41.0% | 12.0% | ||
| Q2 24 | 36.5% | 4.1% |
资本支出强度OLEDROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 9.3% | 2.3% | ||
| Q3 25 | 9.2% | 3.6% | ||
| Q2 25 | 8.4% | 4.0% | ||
| Q1 25 | 7.9% | 5.0% | ||
| Q4 24 | 7.8% | 8.0% | ||
| Q3 24 | 8.4% | 8.2% | ||
| Q2 24 | 5.8% | 6.6% |
现金转化率OLEDROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | 0.47× | 10.20× | ||
| Q3 25 | 2.21× | 3.36× | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | 1.19× | 3.96× | ||
| Q2 24 | 1.28× | 2.83× |
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 | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
ROG
暂无分部数据
