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	163.42	159.21	145.38	137.1	123.84
Gross Profit	487.19	488.48	431.05	479.52	429.68
Selling, General & Admin	74.32	74.29	67.39	77.89	80.37
Research & Development	146.1	157.19	130.48	117.06	99.67
Amortization of Goodwill & Intangibles	18.2	18.2	15.99	17.46	21.99
Operating Expenses	238.61	249.67	213.86	212.41	202.04
Operating Income	248.58	238.8	217.19	267.11	227.64
Interest & Investment Income	39.71	40.68	28.17	7.81	0.51
Currency Exchange Gain (Loss)	0.94	-7.2	-	-	-
Other Non Operating Income (Expenses)	5.58	-0.16	-0.18	0.27	0.1
EBT Excluding Unusual Items	294.8	272.13	245.17	275.19	228.25
Gain (Loss) on Sale of Investments	-	-	-	-6.96	-
Pretax Income	294.8	272.13	245.17	268.23	228.25
Income Tax Expense	52.72	50.05	42.16	58.17	44.03
Net Income	242.08	222.08	203.01	210.06	184.21
Preferred Dividends & Other Adjustments	0.15	0.53	0.99	1.22	1.14
Net Income to Common	241.92	221.55	202.02	208.85	183.08
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 Per Share	3.24	4.43	2.00	1.78	3.12
Dividend 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	74.88%	75.42%	74.78%	77.77%	77.63%
Operating Margin	38.21%	36.87%	37.68%	43.32%	41.13%
Profit Margin	37.18%	34.21%	35.05%	33.87%	33.07%
Free Cash Flow Margin	23.72%	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%
D&A For EBITDA	46.59	44.14	43.4	42.27	41.96
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%
Revenue as Reported	650.61	647.68	576.43	616.62	553.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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