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Universal Display OLED Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin75.7%-1.2pp76.3%-0.8pp76.5%-0.6pp77.3%+0.6pp76.9%-0.3pp
Operating margin35.4%-2.5pp38.2%+1.3pp36.5%-2.5pp38.9%+1.6pp37.9%-0.5pp
Net margin34.1%-1.3pp37.2%+2.9pp34.7%-2.3pp36.9%+1.2pp35.4%-0.6pp
Returns
Return on equity12.7%-1.9pp14.3%-0.2pp13.3%-2.7pp15.1%-0.5pp14.6%-1.2pp
Liquidity
Current ratio9.5×10.1×+2.9×9.5×+2.4×8.1×+1.7×
Leverage
Debt-to-equity0.0×0.0×0.0×
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 / earnings20.2×-8.6×22.9×-8.3×30.8×-11.1×30.2×-14.7×28.8×-7.6×
Price / sales6.9×-3.3×8.5×-2.2×10.7×-4.8×11.2×-4.9×10.2×-2.9×
Price / book2.5×-1.5×3.2×-1.1×3.9×-2.4×4.3×-2.2×-1.4×
EV / EBITDA15.5×18.5×-5.8×24.2×-9.4×24.3×-11.5×
Dividend yield2%+0.9pp1.5%+0.4pp1.2%+0.5pp1.1%+0.4pp1.2%+0.3pp

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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.