Universal Display Corporation (OLED)

Universal Display Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	639.98	647.68	576.43	616.62	553.53	428.87
Revenue Growth (YoY)	-0.58%	12.36%	-6.52%	11.40%	29.07%	5.85%
Cost of Revenue	159.05	159.21	145.38	137.1	123.84	104.13
Gross Profit	480.93	488.48	431.05	479.52	429.68	324.74
Selling, General & Admin	75.02	74.29	67.39	77.89	80.37	61.35
Research & Development	153.88	157.19	130.48	117.06	99.67	83.89
Amortization of Goodwill & Intangibles	18.2	18.2	15.99	17.46	21.99	21.97
Operating Expenses	247.1	249.67	213.86	212.41	202.04	167.21
Operating Income	233.83	238.8	217.19	267.11	227.64	157.53
Interest & Investment Income	40.49	40.68	28.17	7.81	0.51	5.14
Currency Exchange Gain (Loss)	-7.2	-7.2	-	-	-	-
Other Non Operating Income (Expenses)	6.33	-0.16	-0.18	0.27	0.1	0.86
EBT Excluding Unusual Items	273.46	272.13	245.17	275.19	228.25	163.53
Gain (Loss) on Sale of Investments	-	-	-	-6.96	-	-
Pretax Income	273.46	272.13	245.17	268.23	228.25	163.53
Income Tax Expense	51.7	50.05	42.16	58.17	44.03	30.16
Net Income	221.75	222.08	203.01	210.06	184.21	133.37
Preferred Dividends & Other Adjustments	0.2	0.53	0.99	1.22	1.14	1
Net Income to Common	221.56	221.55	202.02	208.85	183.08	132.37
Net Income Growth	-6.84%	9.39%	-3.36%	14.03%	38.12%	-3.57%
Shares Outstanding (Basic)	48	48	48	47	47	47
Shares Outstanding (Diluted)	48	48	48	47	47	47
Shares Change (YoY)	0.07%	0.06%	0.33%	0.22%	0.27%	0.51%
EPS (Basic)	4.66	4.66	4.25	4.41	3.87	2.80
EPS (Diluted)	4.64	4.65	4.24	4.40	3.87	2.80
EPS Growth	-6.82%	9.67%	-3.64%	13.69%	38.21%	-4.11%
Free Cash Flow	161.33	211.1	94.99	84.32	147.94	120.8
Free Cash Flow Per Share	3.38	4.43	2.00	1.78	3.12	2.56
Dividend Per Share	1.750	1.600	1.400	1.200	0.800	0.600
Dividend Growth	12.90%	14.29%	16.67%	50.00%	33.33%	50.00%
Gross Margin	75.15%	75.42%	74.78%	77.77%	77.63%	75.72%
Operating Margin	36.54%	36.87%	37.68%	43.32%	41.13%	36.73%
Profit Margin	34.62%	34.21%	35.05%	33.87%	33.07%	30.86%
Free Cash Flow Margin	25.21%	32.59%	16.48%	13.67%	26.73%	28.17%
EBITDA	279.41	282.94	260.59	309.38	269.61	194.71
EBITDA Margin	43.66%	43.69%	45.21%	50.17%	48.71%	45.40%
D&A For EBITDA	45.58	44.14	43.4	42.27	41.96	37.19
EBIT	233.83	238.8	217.19	267.11	227.64	157.53
EBIT Margin	36.54%	36.87%	37.68%	43.32%	41.13%	36.73%
Effective Tax Rate	18.91%	18.39%	17.20%	21.69%	19.29%	18.44%
Revenue as Reported	639.98	647.68	576.43	616.62	553.53	428.87

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q