Universal Display OLED Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 75.7%-1.2pp | 76.3%-0.8pp | 76.5%-0.6pp | 77.3%+0.6pp | 76.9%-0.3pp | |
| Operating margin | 35.4%-2.5pp | 38.2%+1.3pp | 36.5%-2.5pp | 38.9%+1.6pp | 37.9%-0.5pp | |
| Net margin | 34.1%-1.3pp | 37.2%+2.9pp | 34.7%-2.3pp | 36.9%+1.2pp | 35.4%-0.6pp | |
| Returns | ||||||
| Return on equity | 12.7%-1.9pp | 14.3%-0.2pp | 13.3%-2.7pp | 15.1%-0.5pp | 14.6%-1.2pp | |
| Liquidity | ||||||
| Current ratio | 9.5×— | 10.1×+2.9× | 9.5×+2.4× | 8.1×+1.7× | —— | |
| Leverage | ||||||
| Debt-to-equity | 0×— | 0×0.0× | 0×0.0× | 0×0.0× | —— | |
| Net debt / EBITDA | -0.4×— | -0.3×-0.1× | -0.3×-0.2× | -0.2×0.0× | —— | |
| Per Share | ||||||
| Book value per share | $36.10+3.7% | $36.95+8.9% | $36.60+9.9% | $35.96+12.2% | $34.79+11.6% | |
| Valuation | ||||||
| Market capitalization | $4.32B-34.8% | $5.55B-20.0% | $6.83B-31.6% | $7.4B-26.0% | $6.62B-17.4% | |
| Price / earnings | 20.2×-8.6× | 22.9×-8.3× | 30.8×-11.1× | 30.2×-14.7× | 28.8×-7.6× | |
| Price / sales | 6.9×-3.3× | 8.5×-2.2× | 10.7×-4.8× | 11.2×-4.9× | 10.2×-2.9× | |
| Price / book | 2.5×-1.5× | 3.2×-1.1× | 3.9×-2.4× | 4.3×-2.2× | 4×-1.4× | |
| EV / EBITDA | 15.5×— | 18.5×-5.8× | 24.2×-9.4× | 24.3×-11.5× | —— | |
| Dividend yield | 2%+0.9pp | 1.5%+0.4pp | 1.2%+0.5pp | 1.1%+0.4pp | 1.2%+0.3pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Universal Display's profit margins?
- Universal Display (OLED) runs a 75.7% gross margin and a 35.4% operating margin, with a 34.1% net margin.
- Where do Universal Display's ratios come from?
- Every ratio is computed from Universal Display's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
