Universal Display Corporation(OLED)Earnings, Financials & Key Ratios

OLED•NASDAQ

$93.98

$4.43B mkt cap·18.5× P/E·Price updated May 6, 2026

SectorTechnology IndustrySemiconductors Sub-IndustryOptical, Photonics and Display Components

AboutUniversal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.Show more

Revenue$651M+0.5%
EBITDA$297M+5.1%
Net Income$242M+9.0%
EPS (Diluted)5.08+9.2%
Gross Margin73.44%-4.7%
EBITDA Margin45.71%+4.6%
Operating Margin38.55%+4.5%
Net Margin37.21%+8.5%
ROE14.33%-1.1%
ROIC11.75%-4.4%
Debt/Equity0.02+107.2%

Technical→

OLED Key Insights

Universal Display Corporation (OLED) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 23.7% free cash flow margin
✓Healthy 5Y average net margin of 34.8%

✗Weaknesses

✗Weak momentum: RS Rating 19 (bottom 19%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

OLED Price & Volume

Universal Display Corporation (OLED) stock price & volume — 10-year historical chart

Loading chart...

OLED Growth Metrics

Universal Display Corporation (OLED) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.04%

5 Years8.69%

3 Years1.8%

TTM-3.42%

Profit CAGR

10 Years32.35%

5 Years12.66%

3 Years4.84%

TTM-7%

EPS CAGR

10 Years32.27%

5 Years12.65%

3 Years4.91%

TTM-7.05%

Return on Capital

10 Years15.8%

5 Years16.5%

3 Years14.48%

Last Year14.04%

OLED Recent Earnings

Universal Display Corporation (OLED) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)

Q2 2026Latest

Apr 30, 2026

EPS

$0.76

Est $1.13

-32.7%

Revenue

$142M

Est $161M

-11.8%

Q1 2026

Feb 19, 2026

EPS

$1.39

Est $1.28

+8.6%

Revenue

$173M

Est $173M

-0.2%

Q4 2025

Nov 6, 2025

EPS

$0.92

Est $1.18

-22.0%

Revenue

$140M

Est $166M

-15.7%

Q3 2025

Jul 31, 2025

EPS

$1.41

Est $1.16

+21.6%

Revenue

$172M

Est $167M

+2.9%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 30, 2026	$0.76vs $1.13-32.7%	$142Mvs $161M-11.8%
Q1 2026	Feb 19, 2026	$1.39vs $1.28+8.6%	$173Mvs $173M-0.2%
Q4 2025	Nov 6, 2025	$0.92vs $1.18-22.0%	$140Mvs $166M-15.7%
Q3 2025	Jul 31, 2025	$1.41vs $1.16+21.6%	$172Mvs $167M+2.9%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
LITELumentum Holdings Inc.Direct Competitor	67.42B	944.28	2552.11	21.03%	17.68%	30.68%	2.30
COHUCohu, Inc.Direct Competitor	2.33B	49.62	-31.21	12.74%	-11.54%	-6.84%	0.46
ONTOOnto Innovation Inc.Direct Competitor	14.63B	294.05	105.77	1.82%	10.33%	5.19%	0.01
VECOVeeco Instruments Inc.Product Competitor	3.74B	62.01	105.10	-7.39%	3.53%	2.64%	0.29
KOPNKopin CorporationProduct Competitor	769.33M	4.91	-14.88	24.61%	-13.48%	-30.23%	0.09
VUZIVuzix CorporationProduct Competitor	233.57M	2.88	-6.86	1090.42%	-5.14%	-5.21%	0.04
MVISMicroVision, Inc.Product Competitor	200.82M	0.66	-1.87	-74.28%	-78.63%	-137.37%	0.66
AAPLApple Inc.Supply Chain	4.22T	287.46	38.53	6.43%	27.15%	146.69%	1.52

Compare OLED vs Peers

Universal Display Corporation (OLED) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LITE

Most directly comparable listed peer for OLED.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare OLED against a more recognizable public peer.

Peer Set

Compare Top 5

vs LITE, COHU, ONTO, VECO

OLED Income Statement

Universal Display Corporation (OLED) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	335.63M	247.41M	405.18M	428.87M	553.52M	616.62M	576.43M	647.68M	650.61M	626.54M
Revenue Growth %	68.75%	-26.28%	63.76%	5.85%	29.07%	11.4%	-6.52%	12.36%	0.45%	-3.42%
Cost of Goods Sold	54.7M	53.54M	75.37M	85.48M	114.99M	127.9M	135.38M	148.46M	172.83M	166.16M
COGS % of Revenue	16.3%	21.64%	18.6%	19.93%	20.77%	20.74%	23.49%	22.92%	26.56%	-
Gross Profit	280.93M▲ 0%	193.87M▼ 31.0%	329.8M▲ 70.1%	343.39M▲ 4.1%	438.53M▲ 27.7%	488.72M▲ 11.4%	441.05M▼ 9.8%	499.22M▲ 13.2%	477.78M▼ 4.3%	460.39M▲ 0%
Gross Margin %	83.7%	78.36%	81.4%	80.07%	79.23%	79.26%	76.51%	77.08%	73.44%	73.48%
Gross Profit Growth %	62.77%	-30.99%	70.11%	4.12%	27.71%	11.44%	-9.75%	13.19%	-4.29%	-
Operating Expenses	134.68M	137.14M	171.46M	185.86M	210.89M	221.61M	223.86M	260.42M	227M	229.06M
OpEx % of Revenue	40.13%	55.43%	42.32%	43.34%	38.1%	35.94%	38.84%	40.21%	34.89%	-
Selling, General & Admin	46.81M	47M	59.61M	61.35M	80.37M	77.89M	67.39M	74.29M	74.32M	77.34M
SG&A % of Revenue	13.95%	19%	14.71%	14.3%	14.52%	12.63%	11.69%	11.47%	11.42%	-
Research & Development	49.14M	53.72M	71.28M	83.89M	99.67M	117.06M	130.48M	157.19M	143.9M	144.84M
R&D % of Revenue	14.64%	21.71%	17.59%	19.56%	18.01%	18.98%	22.64%	24.27%	22.12%	-
Other Operating Expenses	38.73M	36.42M	40.57M	40.62M	30.84M	26.66M	26M	28.95M	8.79M	3M
Operating Income	146.25M▲ 0%	56.73M▼ 61.2%	158.34M▲ 179.1%	157.53M▼ 0.5%	227.64M▲ 44.5%	267.11M▲ 17.3%	217.19M▼ 18.7%	238.8M▲ 10.0%	250.78M▲ 5.0%	223.26M▲ 0%
Operating Margin %	43.57%	22.93%	39.08%	36.73%	41.13%	43.32%	37.68%	36.87%	38.55%	35.63%
Operating Income Growth %	113.77%	-61.21%	179.09%	-0.52%	44.51%	17.34%	-18.69%	9.95%	5.01%	-
EBITDA	173.15M	87.31M	192.76M	194.71M	269.61M	309.38M	260.59M	282.94M	297.37M	258.77M
EBITDA Margin %	51.59%	35.29%	47.57%	45.4%	48.71%	50.17%	45.21%	43.69%	45.71%	41.3%
EBITDA Growth %	94.17%	-49.58%	120.78%	1.01%	38.46%	14.75%	-15.77%	8.58%	5.1%	-10.85%
D&A (Non-Cash Add-back)	26.9M	30.57M	34.42M	37.19M	41.96M	42.27M	43.4M	44.14M	46.59M	35.51M
EBIT	146.25M	56.73M	158.34M	157.53M	227.64M	267.11M	217.19M	238.8M	250.78M	180.51M
Net Interest Income	3.29M	7.66M	10.79M	5.14M	505K	7.81M	28.17M	40.68M	39.71M	29.63M
Interest Income	3.29M	7.66M	10.79M	5.14M	505K	7.81M	28.17M	40.68M	39.71M	29.63M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	3.29M	7.58M	11.56M	6M	603K	1.12M	27.98M	33.33M	44.02M	36.71M
Pretax Income	149.54M▲ 0%	64.31M▼ 57.0%	169.91M▲ 164.2%	163.53M▼ 3.8%	228.25M▲ 39.6%	268.23M▲ 17.5%	245.17M▼ 8.6%	272.13M▲ 11.0%	294.8M▲ 8.3%	259.97M▲ 0%
Pretax Margin %	44.55%	25.99%	41.93%	38.13%	41.24%	43.5%	42.53%	42.02%	45.31%	41.49%
Income Tax	45.65M	5.47M	31.6M	30.16M	44.03M	58.17M	42.16M	50.05M	52.72M	27.65M
Effective Tax Rate %	30.53%	8.51%	18.6%	18.44%	19.29%	21.69%	17.2%	18.39%	17.88%	10.64%
Net Income	103.89M▲ 0%	58.84M▼ 43.4%	138.3M▲ 135.1%	133.37M▼ 3.6%	184.21M▲ 38.1%	210.06M▲ 14.0%	203.01M▼ 3.4%	222.08M▲ 9.4%	242.07M▲ 9.0%	213.53M▲ 0%
Net Margin %	30.95%	23.78%	34.13%	31.1%	33.28%	34.07%	35.22%	34.29%	37.21%	34.08%
Net Income Growth %	116.11%	-43.36%	135.05%	-3.57%	38.12%	14.03%	-3.36%	9.39%	9%	-7%
Net Income (Continuing)	103.89M	58.84M	138.3M	133.37M	184.21M	210.06M	203.01M	222.08M	242.07M	213.53M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	2.18▲ 0%	1.25▼ 42.7%	2.92▲ 133.6%	2.80▼ 4.1%	3.87▲ 38.2%	4.40▲ 13.7%	4.24▼ 3.6%	4.65▲ 9.7%	5.08▲ 9.2%	4.52▲ 0%
EPS Growth %	113.73%	-42.66%	133.6%	-4.11%	38.21%	13.7%	-3.64%	9.67%	9.25%	-7.05%
EPS (Basic)	2.19	1.26	2.92	2.80	3.87	4.41	4.25	4.66	5.09	-
Diluted Shares Outstanding	46.81M	46.9M	47M	47.24M	47.37M	47.47M	47.62M	47.65M	47.66M	47.21M
Basic Shares Outstanding	46.73M	46.85M	46.96M	47.2M	47.3M	47.39M	47.56M	47.55M	47.55M	47.08M
Dividend Payout Ratio	5.44%	19.23%	13.63%	21.33%	20.59%	27.13%	32.87%	34.3%	35.34%	-

OLED Balance Sheet

Universal Display Corporation (OLED) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	519.18M	634.84M	792.44M	924.61M	925.93M	899.45M	917.13M	899.83M	1.09B	932.28M
Cash & Short-Term Investments	420.29M	515.35M	646.09M	730.01M	663.19M	577.77M	514.12M	492.67M	602.36M	516.41M
Cash Only	132.84M	211.02M	131.63M	630.01M	311.99M	93.43M	91.98M	98.98M	138.35M	159.35M
Short-Term Investments	287.45M	304.32M	514.46M	100M	351.19M	484.35M	422.14M	393.69M	464M	357.06M
Accounts Receivable	52.35M	43.13M	60.45M	82.26M	107.64M	92.66M	139.85M	113.65M	119.95M	93.63M
Days Sales Outstanding	56.94	63.63	54.46	70.01	70.98	54.85	88.55	64.05	67.3	63.33
Inventory	36.27M	70M	63.95M	91.59M	134.16M	183.22M	175.79M	182.94M	240.91M	248.21M
Days Inventory Outstanding	242	477.2	309.69	391.1	425.85	522.89	473.98	449.76	508.79	499.73
Other Current Assets	10.28M	6.37M	21.95M	20.75M	20.95M	45.79M	87.36M	110.58M	123.84M	74.03M
Total Non-Current Assets	260.77M	298.58M	327.72M	344.62M	540.99M	633.37M	751.83M	932.5M	885.8M	962.44M
Property, Plant & Equipment	56.45M	69.74M	87.87M	110.86M	159.45M	174.93M	200.06M	215.11M	234.87M	213.15M
Fixed Asset Turnover	5.95x	3.55x	4.61x	3.87x	3.47x	3.52x	2.88x	3.01x	2.77x	2.77x
Goodwill	15.54M	15.54M	15.54M	15.54M	15.54M	15.54M	15.54M	15.54M	15.54M	15.54M
Intangible Assets	146.37M	124.41M	102.85M	80.94M	59.38M	46.63M	97.2M	79M	60.8M	3.67M
Long-Term Investments	14.79M	0	5M	5M	168.08M	259.86M	299.55M	457.59M	479.81M	1.75B
Other Non-Current Assets	604K	64.53M	86.09M	94.59M	105.1M	78.25M	80.38M	86.95M	6.23M	429.89M
Total Assets	779.96M▲ 0%	933.42M▲ 19.7%	1.12B▲ 20.0%	1.27B▲ 13.3%	1.47B▲ 15.6%	1.53B▲ 4.5%	1.67B▲ 8.9%	1.83B▲ 9.8%	1.97B▲ 7.7%	1.89B▲ 0%
Asset Turnover	0.43x	0.27x	0.36x	0.34x	0.38x	0.40x	0.35x	0.35x	0.33x	0.32x
Asset Growth %	24.28%	19.68%	20.01%	13.31%	15.58%	4.49%	8.88%	9.79%	7.67%	25.56%
Total Current Liabilities	63.82M	133.18M	161.51M	164.96M	187.94M	135.7M	118.82M	125.41M	108.01M	97.76M
Accounts Payable	13.77M	10.53M	13.3M	13.8M	14.96M	9.52M	10.93M	36.59M	23.34M	17.04M
Days Payables Outstanding	91.91	71.8	64.39	58.93	47.47	27.17	29.48	89.96	49.3	62.37
Short-Term Debt	0	0	0	0	0	0	0	0	4.75M	0
Deferred Revenue (Current)	14.98M	80.78M	97.33M	105.22M	120.86M	45.6M	47.71M	33.07M	21.01M	101.32M
Other Current Liabilities	21.05M	19.61M	32.15M	26.69M	34.33M	61.33M	37.55M	38.46M	29.75M	59.69M
Current Ratio	8.13x	4.77x	4.91x	5.61x	4.93x	6.63x	7.72x	7.18x	10.06x	10.06x
Quick Ratio	7.57x	4.24x	4.51x	5.05x	4.21x	5.28x	6.24x	5.72x	7.83x	7.83x
Cash Conversion Cycle	207.02	469.03	299.77	402.18	449.35	550.57	533.05	423.85	526.78	500.68
Total Non-Current Liabilities	57.08M	109.74M	147.2M	191.55M	179.07M	121.75M	102.91M	90.4M	103.83M	92.97M
Long-Term Debt	0	0	0	0	0	0	0	0	19.22M	0
Capital Lease Obligations	0	0	0	6.88M	27.26M	29.04M	22.86M	19.14M	19.22M	57.36M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	9.1M	9.1M
Other Non-Current Liabilities	33.18M	67.95M	99.67M	127.59M	115.59M	74.44M	68.05M	70.73M	54.35M	290.91M
Total Liabilities	120.9M	242.92M	308.71M	356.51M	367M	257.45M	221.74M	215.81M	211.84M	190.74M
Total Debt	0	0	0	6.88M	27.26M	29.04M	22.86M	19.14M	43.19M	0
Net Debt	-132.84M	-211.02M	-131.63M	-623.13M	-284.73M	-64.39M	-69.13M	-79.84M	-95.17M	-159.35M
Debt / Equity	-	-	-	0.01x	0.02x	0.02x	0.02x	0.01x	0.02x	0.02x
Debt / EBITDA	-	-	-	0.04x	0.10x	0.09x	0.09x	0.07x	0.15x	0.00x
Net Debt / EBITDA	-0.77x	-2.42x	-0.68x	-3.20x	-1.06x	-0.21x	-0.27x	-0.28x	-0.32x	-0.32x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity	659.05M▲ 0%	690.51M▲ 4.8%	811.45M▲ 17.5%	912.71M▲ 12.5%	1.1B▲ 20.5%	1.28B▲ 16.0%	1.45B▲ 13.5%	1.62B▲ 11.7%	1.76B▲ 8.9%	1.7B▲ 0%
Equity Growth %	24.71%	4.77%	17.52%	12.48%	20.51%	15.95%	13.48%	11.7%	8.94%	33.89%
Book Value per Share	14.08	14.72	17.27	19.32	23.22	26.87	30.39	33.92	36.95	36.10
Total Shareholders' Equity	659.05M	690.51M	811.45M	912.71M	1.1B	1.28B	1.45B	1.62B	1.76B	1.7B
Common Stock	485K	487K	489K	490K	491K	491K	487K	488K	489K	490K
Retained Earnings	99.13M	129.55M	249M	353.93M	500.21M	653.28M	789.55M	934.65M	1.09B	1.1B
Treasury Stock	-40.16M	-40.63M	-41.28M	-41.28M	-41.28M	-41.28M	-41.28M	-41.28M	-75.42M	0
Accumulated OCI	-11.46M	-16.23M	-17M	-36.02M	-18.23M	-18.45M	-1.09M	-1.05M	781K	-2.57M
Minority Interest	0	0	0	0	0	0	0	0	0	0

OLED Cash Flow Statement

Universal Display Corporation (OLED) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	133.37M	121.8M	193.91M	148.79M	191.1M	126.81M	154.78M	253.74M	210.83M	210.83M
Operating CF Margin %	39.74%	49.23%	47.86%	34.69%	34.53%	20.57%	26.85%	39.18%	32.4%	-
Operating CF Growth %	66%	-8.67%	59.21%	-23.27%	28.44%	-33.64%	22.05%	63.94%	-16.91%	245.18%
Net Income	103.89M	58.84M	138.3M	133.37M	184.21M	210.06M	203.01M	222.08M	242.07M	213.53M
Depreciation & Amortization	26.9M	30.57M	34.42M	37.19M	41.96M	42.27M	43.4M	44.14M	46.59M	48.65M
Stock-Based Compensation	14.89M	16.8M	17.7M	28.28M	36.27M	29.95M	24.11M	30.03M	28.23M	23.37M
Deferred Taxes	24.4M	-12.81M	-5.78M	-4.45M	1.75M	-26.95M	-3.77M	-19.12M	-1.04M	2.06M
Other Non-Cash Items	-9.12M	-66.94M	-130.25M	-182.19M	-213.49M	5.78M	-8.47M	1.91M	-5.49M	2.54M
Working Capital Changes	-27.59M	95.34M	139.53M	136.59M	140.4M	-134.3M	-103.5M	-25.3M	-99.53M	-957K
Change in Receivables	-27.36M	9.23M	-17.32M	-21.81M	-25.38M	14.97M	-47.19M	26.2M	-6.3M	45.93M
Change in Inventory	-18.95M	-37.37M	109K	-28.75M	-46.12M	-49.06M	7.42M	-7.14M	-57.97M	-50.81M
Change in Payables	16.42M	-27.84M	-582K	-5.22M	10.42M	3.34M	4.05M	10.36M	2.11M	160K
Cash from Investing	-125.58M	-21M	-238.71M	391.26M	-457.75M	-280.74M	-83.29M	-164.41M	-45.48M	-93.78M
Capital Expenditures	-29.8M	-25.39M	-30.46M	-28.05M	-43.55M	-47.21M	-59.79M	-42.64M	-56.47M	-62.02M
CapEx % of Revenue	8.88%	10.26%	7.52%	6.54%	7.87%	7.66%	10.37%	6.58%	8.68%	-
Acquisitions	0	0	401K	60K	394K	4.71M	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-95.78M	4.39M	-401K	-60K	-394K	-4.71M	-66.56M	0	-10M	-40M
Cash from Financing	-14.31M	-22.61M	-34.59M	-41.66M	-51.37M	-64.64M	-72.93M	-82.33M	-125.98M	-193.49M
Debt Issued (Net)	0	0	0	0	0	0	0	0	0	0
Equity Issued (Net)	734K	321K	240K	1.18M	1.51M	1.57M	2.01M	2.22M	-30.86M	-97.98M
Dividends Paid	-5.65M	-11.31M	-18.85M	-28.45M	-37.93M	-57M	-66.73M	-76.17M	-85.55M	-87.6M
Share Repurchases	0	-477K	-649K	0	0	0	0	0	-32.88M	-100M
Other Financing	-9.39M	-11.62M	-15.98M	-14.39M	-14.95M	-9.21M	-8.21M	-8.39M	-9.57M	-7.91M
Net Change in Cash	-6.53M▲ 0%	78.18M▲ 1298.2%	-79.39M▼ 201.6%	498.38M▲ 727.7%	-318.02M▼ 163.8%	-218.56M▲ 31.3%	-1.45M▲ 99.3%	7M▲ 584.1%	39.37M▲ 462.9%	1.88M▲ 0%
Free Cash Flow	103.56M▲ 0%	96.41M▼ 6.9%	163.45M▲ 69.5%	120.74M▼ 26.1%	147.55M▲ 22.2%	79.61M▼ 46.0%	28.42M▼ 64.3%	211.1M▲ 642.7%	154.36M▼ 26.9%	237.13M▲ 0%
FCF Margin %	30.86%	38.97%	40.34%	28.15%	26.66%	12.91%	4.93%	32.59%	23.73%	37.85%
FCF Growth %	551.23%	-6.91%	69.55%	-26.13%	22.2%	-46.05%	-64.3%	642.75%	-26.88%	44.89%
FCF per Share	2.21	2.06	3.48	2.56	3.12	1.68	0.60	4.43	3.24	3.24
FCF Conversion (FCF/Net Income)	1.28x	2.07x	1.40x	1.12x	1.04x	0.60x	0.76x	1.14x	0.87x	1.11x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	17.77M	46.6M	36.27M	52.65M	72.35M	96.18M	71.97M	0	43.35M

OLED Key Ratios

Universal Display Corporation (OLED) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	17.5%	8.72%	18.42%	15.47%	18.31%	17.69%	14.91%	14.5%	14.33%	12.33%
Return on Invested Capital (ROIC)	23.97%	8.46%	20.49%	24.37%	30.91%	19.77%	12.58%	12.29%	11.75%	11.75%
Gross Margin	83.7%	78.36%	81.4%	80.07%	79.23%	79.26%	76.51%	77.08%	73.44%	73.48%
Net Margin	30.95%	23.78%	34.13%	31.1%	33.28%	34.07%	35.22%	34.29%	37.21%	34.08%
Debt / Equity	-	-	-	0.01x	0.02x	0.02x	0.02x	0.01x	0.02x	0.02x
FCF Conversion	1.28x	2.07x	1.40x	1.12x	1.04x	0.60x	0.76x	1.14x	0.87x	1.11x
Revenue Growth	68.75%	-26.28%	63.76%	5.85%	29.07%	11.4%	-6.52%	12.36%	0.45%	-3.42%

OLED SEC Filings & Documents

Universal Display Corporation (OLED) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 30, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Jul 31, 2025·SEC

OLED Frequently Asked Questions

Universal Display Corporation (OLED) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Universal Display Corporation (OLED) reported $626.5M in revenue for fiscal year 2025. This represents a 626445% increase from $0.1M in 1996.

Universal Display Corporation (OLED) grew revenue by 0.5% over the past year. Growth has been modest.

Yes, Universal Display Corporation (OLED) is profitable, generating $213.5M in net income for fiscal year 2025 (37.2% net margin).

Dividend & Returns

Yes, Universal Display Corporation (OLED) pays a dividend with a yield of 1.91%. This makes it attractive for income-focused investors.

Universal Display Corporation (OLED) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

Universal Display Corporation (OLED) generated $237.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More OLED

Universal Display Corporation (OLED) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→

Universal Display Corporation(OLED)Earnings, Financials & Key Ratios

OLED Key Insights

✓Strengths

✗Weaknesses

OLED Price & Volume

OLED Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

OLED Recent Earnings

OLED Peer Comparison

Compare OLED vs Peers

vs LITE

vs AAPL

Compare Top 5

OLED Income Statement

OLED Balance Sheet

OLED Cash Flow Statement

OLED Key Ratios

OLED SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

OLED Frequently Asked Questions

Explore More OLED

Total Return Calculator

DCA Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Valuation