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Universal Display OLED Ratios & Valuation

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin75.7%-0.6pp76.3%-0.2pp76.5%-0.7pp77.3%+0.3pp76.9%-0.1pp
Operating margin35.4%-2.8pp38.2%+1.7pp36.5%-2.4pp38.9%+1.1pp37.9%+1.0pp
Net margin34.1%-3.1pp37.2%+2.6pp34.7%-2.3pp36.9%+1.5pp35.4%+1.1pp
Returns
Return on equity12.7%-1.6pp14.3%+1.0pp13.3%-1.8pp15.1%+0.5pp14.6%+0.1pp
Liquidity
Current ratio9.5×-0.5×10.1×+0.5×9.5×+1.5×8.1×
Leverage
Debt-to-equity0.0×0.0×0.0×
Net debt / EBITDA-0.4×-0.1×-0.3×0.0×-0.3×-0.1×-0.2×
Per Share
Book value per share$36.10-2.3%$36.95+1.0%$36.60+1.8%$35.96+3.4%$34.79+2.6%
Valuation
Market capitalization$4.32B-22.2%$5.55B-18.7%$6.83B-7.7%$7.4B+11.7%$6.62B-4.6%
Price / earnings20.2×-2.7×22.9×-7.9×30.8×+0.5×30.2×+1.4×28.8×-2.4×
Price / sales6.9×-1.6×8.5×-2.1×10.7×-0.5×11.2×+1.0×10.2×-0.5×
Price / book2.5×-0.6×3.2×-0.8×3.9×-0.4×4.3×+0.3×-0.3×
EV / EBITDA15.5×-3.0×18.5×-5.7×24.2×-0.1×24.3×
Dividend yield2%+0.5pp1.5%+0.3pp1.2%+0.1pp1.1%-0.1pp1.2%+0.1pp

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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.