Universal Display Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	650.61	647.68	576.43	616.62	553.53
Revenue Growth (YoY)	0.45%	12.36%	-6.52%	11.40%	29.07%
Cost of Revenue	154.13	148.46	135.38	127.9	114.99
Gross Profit	496.49	499.22	441.05	488.72	438.53
Selling, General & Admin	74.32	74.29	67.39	77.89	80.37
Depreciation & Amortization Expenses	18.2	18.2	15.99	17.46	21.99
Research & Development	146.1	157.19	130.48	117.06	99.67
Other Operating Expenses	9.29	10.75	10	9.21	8.85
Total Operating Expenses	247.91	260.42	223.86	221.61	210.89
Operating Income	248.58	238.8	217.19	267.11	227.64
Interest Income	39.71	40.68	28.17	7.81	0.51
Other Non-Operating Income (Expense)	6.51	-7.36	-0.18	-6.69	0.1
Total Non-Operating Income (Expense)	46.22	33.33	27.98	1.12	0.6
Pretax Income	294.8	272.13	245.17	268.23	228.25
Provision for Income Taxes	52.72	50.05	42.16	58.17	44.03
Net Income	242.08	222.08	203.01	210.06	184.21
Net Income to Common	242.08	222.08	203.01	210.06	184.21
Net Income Growth	9.00%	9.39%	-3.36%	14.03%	38.12%
Shares Outstanding (Basic)	48	48	48	47	47
Shares Outstanding (Diluted)	48	48	48	47	47
Shares Change (YoY)	0.01%	0.06%	0.33%	0.22%	0.27%
EPS (Basic)	5.09	4.66	4.25	4.41	3.87
EPS (Diluted)	5.08	4.65	4.24	4.40	3.87
EPS Growth	9.25%	9.67%	-3.64%	13.69%	38.21%
Free Cash Flow	154.36	211.1	94.99	84.32	147.94
Free Cash Flow Growth	-26.88%	122.25%	12.65%	-43.01%	22.47%
Free Cash Flow Per Share	3.24	4.43	1.99	1.78	3.12
Dividends Per Share	1.800	1.600	1.400	1.200	0.800
Dividend Growth	12.50%	14.29%	16.67%	50.00%	33.33%
Gross Margin	76.31%	77.08%	76.51%	79.26%	79.23%
Operating Margin	38.21%	36.87%	37.68%	43.32%	41.13%
Profit Margin	37.21%	34.29%	35.22%	34.07%	33.28%
FCF Margin	23.73%	32.59%	16.48%	13.67%	26.73%
EBITDA	295.17	282.94	260.59	309.38	269.61
EBITDA Margin	45.37%	43.69%	45.21%	50.17%	48.71%
EBIT	248.58	238.8	217.19	267.11	227.64
EBIT Margin	38.21%	36.87%	37.68%	43.32%	41.13%
Effective Tax Rate	17.88%	18.39%	17.20%	21.69%	19.29%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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