Universal Display Corporation (OLED)

Universal Display Income Statement

Financials in millions USD. Fiscal year is undefined.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	661.99	647.68	576.43	616.62	553.53	428.87
Revenue Growth (YoY)	6.23%	12.36%	-6.52%	11.40%	29.07%	5.85%
Cost of Revenue	159.82	159.21	145.38	137.1	123.84	104.13
Gross Profit	502.18	488.48	431.05	479.52	429.68	324.74
Selling, General & Admin	72.65	74.29	67.39	77.89	80.37	61.35
Research & Development	153.63	157.19	130.48	117.06	99.67	83.89
Operating Expenses	244.48	249.67	213.86	212.41	202.04	167.21
Operating Income	257.7	238.8	217.19	267.11	227.64	157.53
Interest Income	41.04	40.68	28.17	7.81	0.51	5.14
Pretax Income	300.74	272.13	245.17	268.23	228.25	163.53
Income Tax	56.14	50.05	42.16	58.17	44.03	30.16
Net Income	244.6	222.08	203.01	210.06	184.21	133.37
Net Income Common	244.28	221.55	202.02	208.85	183.08	132.37
Net Income Growth	9.84%	9.39%	-3.36%	14.03%	38.12%	-3.57%
Shares Change	0.08%	0.06%	0.33%	0.22%	0.27%	0.51%
EPS (Diluted)	5.12	4.65	4.24	4.40	3.87	2.80
EPS Growth	9.88%	9.67%	-3.64%	13.69%	38.21%	-4.11%
Free Cash Flow	143.23	211.1	94.99	84.32	147.94	120.8
Free Cash Flow Per Share	3.00	4.43	2.00	1.78	3.12	2.56
Dividend Per Share	1.700	1.600	1.400	1.200	0.800	0.600
Dividend Growth	13.33%	14.29%	16.67%	50.00%	33.33%	50.00%
Gross Margin	75.86%	75.42%	74.78%	77.77%	77.63%	75.72%
Operating Margin	38.93%	36.87%	37.68%	43.32%	41.13%	36.73%
Profit Margin	36.90%	34.21%	35.05%	33.87%	33.07%	30.86%
Free Cash Flow Margin	21.64%	32.59%	16.48%	13.67%	26.73%	28.17%
Effective Tax Rate	18.67%	18.39%	17.20%	21.69%	19.29%	18.44%
EBITDA	302.14	282.94	260.59	309.38	269.61	194.71
EBITDA Margin	45.64%	43.69%	45.21%	50.17%	48.71%	45.40%
EBIT	257.7	238.8	217.19	267.11	227.64	157.53
EBIT Margin	38.93%	36.87%	37.68%	43.32%	41.13%	36.73%

Source: S&P Global Market Intelligence. Financial Sources.

SEC Filings: 10-K · 10-Q