OLED
Universal Display Corporation
Semiconductors
Market Cap$4.43B
5Y Perf.-35.9%
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Stock Comparison
OLED vs VECO
Revenue, margins, valuation, and 5-year total return — side by side.
VECO
Veeco Instruments Inc.
Semiconductors
Market Cap$3.74B
5Y Perf.+428.2%
OLED vs VECO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | OLED | VECO |
|---|---|---|
| Industry | Semiconductors | Semiconductors |
| Market Cap | $4.43B | $3.74B |
| Revenue (TTM) | $627M | $655M |
| Net Income (TTM) | $214M | $23M |
| Gross Margin | 73.5% | 38.6% |
| Operating Margin | 35.6% | 2.9% |
| Forward P/E | 19.7x | 37.1x |
| Total Debt | $43M | $258M |
| Cash & Equiv. | $138M | $163M |
OLED vs VECO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
OLED
VECO
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Universal Display C… (OLED) | 100 | 64.1 | -35.9% |
| Veeco Instruments I… (VECO) | 100 | 528.2 | +428.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OLED vs VECO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: OLED leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Veeco Instruments Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
OLED
Universal Display Corporation
The Income Pick
OLED carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 9 yrs, beta 1.39, yield 1.9%
- Rev growth 0.5%, EPS growth 9.2%, 3Y rev CAGR 1.8%
- Lower volatility, beta 1.39, Low D/E 2.5%, current ratio 10.06x
Best for: income & stability and growth exposure
VECO
Veeco Instruments Inc.
The Long-Run Compounder
VECO is the clearest fit if your priority is long-term compounding.
- 263.5% 10Y total return vs OLED's 83.9%
- +223.1% vs OLED's -31.8%
Best for: long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | OLED | 0.5% revenue growth vs VECO's -7.4% |
| Value | OLED | Lower P/E (19.7x vs 37.1x) |
| Quality / Margins | OLED | 34.1% margin vs VECO's 3.5% |
| Stability / Safety | OLED | Beta 1.39 vs VECO's 1.97, lower leverage |
| Dividends | OLED | 1.9% yield; 9-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | VECO | +223.1% vs OLED's -31.8% |
| Efficiency (ROA) | OLED | 11.0% ROA vs VECO's 1.8%, ROIC 11.7% vs 2.8% |
OLED vs VECO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
OLED vs VECO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLOLEDLAGGINGVECO
VECOVeeco Instruments Inc.
1leads
OLEDUniversal Display Cor…
3leads
6 Total Categories
CATEGORYLEADERvs VECOMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
OLED5/6
Valuation MetricsMultiples, price ratios, and targets
OLED5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
OLED7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
VECO6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
OLED leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
VECO and OLED operate at a comparable scale, with $655M and $627M in trailing revenue. OLED is the more profitable business, keeping 34.1% of every revenue dollar as net income compared to VECO's 3.5%. On growth, VECO holds the edge at -5.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| RevenueTrailing 12 months | $627M | $655M |
| EBITDAEarnings before interest/tax | $259M | $39M |
| Net IncomeAfter-tax profit | $214M | $23M |
| Free Cash FlowCash after capex | $237M | $43M |
| Gross MarginGross profit ÷ Revenue | +73.5% | +38.6% |
| Operating MarginEBIT ÷ Revenue | +35.6% | +2.9% |
| Net MarginNet income ÷ Revenue | +34.1% | +3.5% |
| FCF MarginFCF ÷ Revenue | +37.8% | +6.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | -14.5% | -5.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -43.7% | -105.0% |
OLED leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
OLED leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 18.5x trailing earnings, OLED trades at a 82% valuation discount to VECO's 105.1x P/E. On an enterprise value basis, OLED's 14.6x EV/EBITDA is more attractive than VECO's 98.8x.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| Market CapShares × price | $4.4B | $3.7B |
| Enterprise ValueMkt cap + debt − cash | $4.3B | $3.8B |
| Trailing P/EPrice ÷ TTM EPS | 18.50x | 105.10x |
| Forward P/EPrice ÷ next-FY EPS est. | 19.69x | 37.08x |
| PEG RatioP/E ÷ EPS growth rate | 1.46x | — |
| EV / EBITDAEnterprise value multiple | 14.56x | 98.84x |
| Price / SalesMarket cap ÷ Revenue | 6.80x | 5.64x |
| Price / BookPrice ÷ Book value/share | 2.54x | 4.24x |
| Price / FCFMarket cap ÷ FCF | 28.68x | 81.94x |
OLED leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
OLED leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
OLED delivers a 12.3% return on equity — every $100 of shareholder capital generates $12 in annual profit, vs $3 for VECO. OLED carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to VECO's 0.29x. On the Piotroski fundamental quality scale (0–9), VECO scores 6/9 vs OLED's 4/9, reflecting solid financial health.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| ROE (TTM)Return on equity | +12.3% | +2.6% |
| ROA (TTM)Return on assets | +11.0% | +1.8% |
| ROICReturn on invested capital | +11.7% | +2.8% |
| ROCEReturn on capital employed | +14.0% | +3.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.02x | 0.29x |
| Net DebtTotal debt minus cash | -$95M | $94M |
| Cash & Equiv.Liquid assets | $138M | $163M |
| Total DebtShort + long-term debt | $43M | $258M |
| Interest CoverageEBIT ÷ Interest expense | — | 3.98x |
OLED leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
VECO leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in VECO five years ago would be worth $27,795 today (with dividends reinvested), compared to $4,632 for OLED. Over the past 12 months, VECO leads with a +223.1% total return vs OLED's -31.8%. The 3-year compound annual growth rate (CAGR) favors VECO at 47.7% vs OLED's -10.8% — a key indicator of consistent wealth creation.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| YTD ReturnYear-to-date | -22.5% | +103.0% |
| 1-Year ReturnPast 12 months | -31.8% | +223.1% |
| 3-Year ReturnCumulative with dividends | -29.0% | +222.1% |
| 5-Year ReturnCumulative with dividends | -53.7% | +177.9% |
| 10-Year ReturnCumulative with dividends | +83.9% | +263.5% |
| CAGR (3Y)Annualised 3-year return | -10.8% | +47.7% |
VECO leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — OLED and VECO each lead in 1 of 2 comparable metrics.
Risk & Volatility
OLED is the less volatile stock with a 1.39 beta — it tends to amplify market swings less than VECO's 1.97 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VECO currently trades 95.5% from its 52-week high vs OLED's 57.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.39x | 1.97x |
| 52-Week HighHighest price in past year | $163.21 | $64.97 |
| 52-Week LowLowest price in past year | $83.64 | $18.31 |
| % of 52W HighCurrent price vs 52-week peak | +57.6% | +95.5% |
| RSI (14)Momentum oscillator 0–100 | 54.1 | 67.5 |
| Avg Volume (50D)Average daily shares traded | 814K | 1.3M |
Evenly matched — OLED and VECO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates OLED as "Buy" and VECO as "Buy". Consensus price targets imply 50.0% upside for OLED (target: $141) vs -44.0% for VECO (target: $35). OLED is the only dividend payer here at 1.91% yield — a key consideration for income-focused portfolios.
| Metric | OLEDUniversal Display… | VECOVeeco Instruments… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $141.00 | $34.75 |
| # AnalystsCovering analysts | 19 | 36 |
| Dividend YieldAnnual dividend ÷ price | +1.9% | — |
| Dividend StreakConsecutive years of raises | 9 | — |
| Dividend / ShareAnnual DPS | $1.80 | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.7% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
OLED leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). VECO leads in 1 (Total Returns). 1 tied.
Best OverallUniversal Display Corporati… (OLED)Leads 3 of 6 categories
Loading custom metrics...
OLED vs VECO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OLED or VECO a better buy right now?
For growth investors, Universal Display Corporation (OLED) is the stronger pick with 0.
5% revenue growth year-over-year, versus -7. 4% for Veeco Instruments Inc. (VECO). Universal Display Corporation (OLED) offers the better valuation at 18. 5x trailing P/E (19. 7x forward), making it the more compelling value choice. Analysts rate Universal Display Corporation (OLED) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OLED or VECO?
On trailing P/E, Universal Display Corporation (OLED) is the cheapest at 18.
5x versus Veeco Instruments Inc. at 105. 1x. On forward P/E, Universal Display Corporation is actually cheaper at 19. 7x.
03Which is the better long-term investment — OLED or VECO?
Over the past 5 years, Veeco Instruments Inc.
(VECO) delivered a total return of +177. 9%, compared to -53. 7% for Universal Display Corporation (OLED). Over 10 years, the gap is even starker: VECO returned +263. 5% versus OLED's +83. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OLED or VECO?
By beta (market sensitivity over 5 years), Universal Display Corporation (OLED) is the lower-risk stock at 1.
39β versus Veeco Instruments Inc. 's 1. 97β — meaning VECO is approximately 42% more volatile than OLED relative to the S&P 500. On balance sheet safety, Universal Display Corporation (OLED) carries a lower debt/equity ratio of 2% versus 29% for Veeco Instruments Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — OLED or VECO?
By revenue growth (latest reported year), Universal Display Corporation (OLED) is pulling ahead at 0.
5% versus -7. 4% for Veeco Instruments Inc. (VECO). On earnings-per-share growth, the picture is similar: Universal Display Corporation grew EPS 9. 2% year-over-year, compared to -52. 0% for Veeco Instruments Inc.. Over a 3-year CAGR, OLED leads at 1. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — OLED or VECO?
Universal Display Corporation (OLED) is the more profitable company, earning 37.
2% net margin versus 5. 3% for Veeco Instruments Inc. — meaning it keeps 37. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OLED leads at 38. 5% versus 5. 4% for VECO. At the gross margin level — before operating expenses — OLED leads at 73. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is OLED or VECO more undervalued right now?
On forward earnings alone, Universal Display Corporation (OLED) trades at 19.
7x forward P/E versus 37. 1x for Veeco Instruments Inc. — 17. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OLED: 50. 0% to $141. 00.
08Which pays a better dividend — OLED or VECO?
In this comparison, OLED (1.
9% yield) pays a dividend. VECO does not pay a meaningful dividend and should not be held primarily for income.
09Is OLED or VECO better for a retirement portfolio?
For long-horizon retirement investors, Universal Display Corporation (OLED) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1.
9% yield). Veeco Instruments Inc. (VECO) carries a higher beta of 1. 97 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (OLED: +83. 9%, VECO: +263. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between OLED and VECO?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
OLED pays a dividend while VECO does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(OLED: -14.5% · VECO: -5.4%)Net Margin>
%
(OLED: 34.1% · VECO: 3.5%)P/E Ratio<
x
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