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UNIVERSAL DISPLAY CORP \PA\（OLED）与Repay Holdings Corp（RPAY）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Repay Holdings Corp的1.8倍（$142.2M vs $78.6M），UNIVERSAL DISPLAY CORP \PA\净利率更高（25.2% vs -178.3%，领先203.5%），Repay Holdings Corp同比增速更快（0.4% vs -14.5%），过去两年Repay Holdings Corp的营收复合增速更高（-1.3% 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。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
OLED vs RPAY — 直观对比
营收规模更大
OLED
是对方的1.8倍
$78.6M
营收增速更快
RPAY
高出14.9%
-14.5%
净利率更高
OLED
高出203.5%
-178.3%
两年增速更快
RPAY
近两年复合增速
-5.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $142.2M | $78.6M |
| 净利润 | $35.9M | $-140.1M |
| 毛利率 | 74.6% | 74.2% |
| 营业利润率 | 30.1% | -182.2% |
| 净利率 | 25.2% | -178.3% |
| 营收同比 | -14.5% | 0.4% |
| 净利润同比 | -44.3% | -3304.1% |
| 每股收益（稀释后） | $0.76 | $-1.68 |
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OLEDRPAY
| Q1 26 | $142.2M | — | ||
| Q4 25 | $172.9M | $78.6M | ||
| Q3 25 | $139.6M | $77.7M | ||
| Q2 25 | $171.8M | $75.6M | ||
| Q1 25 | $166.3M | $77.3M | ||
| Q4 24 | $162.3M | $78.3M | ||
| Q3 24 | $161.6M | $79.1M | ||
| Q2 24 | $158.5M | $74.9M |
净利润OLEDRPAY
| Q1 26 | $35.9M | — | ||
| Q4 25 | $66.3M | $-140.1M | ||
| Q3 25 | $44.0M | $-6.4M | ||
| Q2 25 | $67.3M | $-102.3M | ||
| Q1 25 | $64.4M | $-7.9M | ||
| Q4 24 | $46.0M | $-4.1M | ||
| Q3 24 | $66.9M | $3.2M | ||
| Q2 24 | $52.3M | $-4.1M |
毛利率OLEDRPAY
| Q1 26 | 74.6% | — | ||
| Q4 25 | 76.1% | 74.2% | ||
| Q3 25 | 74.6% | 74.4% | ||
| Q2 25 | 77.2% | 75.7% | ||
| Q1 25 | 77.1% | 75.9% | ||
| Q4 24 | 77.0% | 76.3% | ||
| Q3 24 | 77.8% | 77.8% | ||
| Q2 24 | 75.8% | 78.2% |
营业利润率OLEDRPAY
| Q1 26 | 30.1% | — | ||
| Q4 25 | 38.9% | -182.2% | ||
| Q3 25 | 30.9% | -3.9% | ||
| Q2 25 | 39.9% | -138.7% | ||
| Q1 25 | 41.9% | -4.7% | ||
| Q4 24 | 32.3% | -1.5% | ||
| Q3 24 | 41.5% | -0.9% | ||
| Q2 24 | 35.6% | -4.6% |
净利率OLEDRPAY
| Q1 26 | 25.2% | — | ||
| Q4 25 | 38.4% | -178.3% | ||
| Q3 25 | 31.5% | -8.3% | ||
| Q2 25 | 39.2% | -135.2% | ||
| Q1 25 | 38.8% | -10.3% | ||
| Q4 24 | 28.4% | -5.3% | ||
| Q3 24 | 41.4% | 4.1% | ||
| Q2 24 | 33.0% | -5.4% |
每股收益（稀释后）OLEDRPAY
| Q1 26 | $0.76 | — | ||
| Q4 25 | $1.40 | $-1.68 | ||
| Q3 25 | $0.92 | $-0.08 | ||
| Q2 25 | $1.41 | $-1.15 | ||
| Q1 25 | $1.35 | $-0.09 | ||
| Q4 24 | $0.96 | $-0.04 | ||
| Q3 24 | $1.40 | $0.03 | ||
| Q2 24 | $1.10 | $-0.04 |
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 | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | — | $484.4M |
| 总资产 | $1.9B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资OLEDRPAY
| Q1 26 | $516.4M | — | ||
| Q4 25 | $602.4M | $115.7M | ||
| Q3 25 | $603.0M | $95.7M | ||
| Q2 25 | $525.2M | $162.6M | ||
| Q1 25 | $571.3M | $165.5M | ||
| Q4 24 | $492.7M | $189.5M | ||
| Q3 24 | $551.6M | $168.7M | ||
| Q2 24 | $530.5M | $147.1M |
总债务OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M |
股东权益OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $484.4M | ||
| Q3 25 | $1.7B | $616.9M | ||
| Q2 25 | $1.7B | $633.7M | ||
| Q1 25 | $1.7B | $755.7M | ||
| Q4 24 | $1.6B | $761.3M | ||
| Q3 24 | $1.6B | $754.7M | ||
| Q2 24 | $1.5B | $815.4M |
总资产OLEDRPAY
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $1.2B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.9B | $1.5B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $1.8B | $1.6B | ||
| Q2 24 | $1.8B | $1.5B |
负债/权益比OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | — | $23.2M |
| 自由现金流率自由现金流/营收 | — | 29.6% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $90.7M |
8季度趋势，按日历期对齐
经营现金流OLEDRPAY
| Q1 26 | $108.9M | — | ||
| Q4 25 | $31.1M | $23.3M | ||
| Q3 25 | $97.2M | $32.2M | ||
| Q2 25 | $51.9M | $33.1M | ||
| Q1 25 | $30.6M | $2.5M | ||
| Q4 24 | $34.7M | $34.3M | ||
| Q3 24 | $79.9M | $60.1M | ||
| Q2 24 | $67.0M | $31.0M |
自由现金流OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | $15.1M | $23.2M | ||
| Q3 25 | $84.3M | $32.1M | ||
| Q2 25 | $37.5M | $33.0M | ||
| Q1 25 | $17.5M | $2.4M | ||
| Q4 24 | $22.0M | $34.0M | ||
| Q3 24 | $66.2M | $59.8M | ||
| Q2 24 | $57.9M | $30.5M |
自由现金流率OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | 8.7% | 29.6% | ||
| Q3 25 | 60.4% | 41.3% | ||
| Q2 25 | 21.8% | 43.6% | ||
| Q1 25 | 10.5% | 3.0% | ||
| Q4 24 | 13.6% | 43.5% | ||
| Q3 24 | 41.0% | 75.6% | ||
| Q2 24 | 36.5% | 40.7% |
资本支出强度OLEDRPAY
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | 0.1% | ||
| Q3 25 | 9.2% | 0.2% | ||
| Q2 25 | 8.4% | 0.1% | ||
| Q1 25 | 7.9% | 0.2% | ||
| Q4 24 | 7.8% | 0.3% | ||
| Q3 24 | 8.4% | 0.3% | ||
| Q2 24 | 5.8% | 0.6% |
现金转化率OLEDRPAY
| 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× | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
