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.

Universal Display OLED Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	75.7%-0.6pp	76.3%-0.2pp	76.5%-0.7pp	77.3%+0.3pp	76.9%-0.1pp
Operating margin	35.4%-2.8pp	38.2%+1.7pp	36.5%-2.4pp	38.9%+1.1pp	37.9%+1.0pp
Net margin	34.1%-3.1pp	37.2%+2.6pp	34.7%-2.3pp	36.9%+1.5pp	35.4%+1.1pp
EBITDA margin	43.1%-2.2pp	45.4%+1.7pp	43.7%-2.0pp	45.6%+1.0pp	44.7%+1.0pp
Free cash flow margin	37.8%+14.1pp	23.7%-1.5pp	25.2%+3.6pp	21.6%-3.6pp	25.2%-7.4pp
Returns
Return on equity	12.7%-1.6pp	14.3%+1.0pp	13.3%-1.8pp	15.1%+0.5pp	14.6%+0.1pp
Liquidity
Current ratio	9.5×-0.5×	10.1×+0.5×	9.5×+1.5×	8.1×—	——
Quick ratio	7×-0.8×	7.8×+0.2×	7.6×+1.2×	6.4×—	——
Cash ratio	1.6×+0.3×	1.3×+0.2×	1.1×+0.4×	0.8×—	——
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×—	——
Debt-to-assets	0×0.0×	0×0.0×	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%
Enterprise value	$4.2B-23.1%	$5.46B-19.2%	$6.75B-8.1%	$7.34B—	——
Price / earnings	20.2×-2.7×	22.9×-7.9×	30.8×+0.5×	30.2×+1.4×	28.8×-2.4×
Price / sales	6.9×-1.6×	8.5×-2.1×	10.7×-0.5×	11.2×+1.0×	10.2×-0.5×
Price / book	2.5×-0.6×	3.2×-0.8×	3.9×-0.4×	4.3×+0.3×	4×-0.3×
EV / EBITDA	15.5×-3.0×	18.5×-5.7×	24.2×-0.1×	24.3×—	——
EV / sales	6.7×-1.7×	8.4×-2.2×	10.5×-0.5×	11.1×—	——
Free cash flow yield	5.5%+2.7pp	2.8%+0.4pp	2.4%+0.4pp	1.9%-0.5pp	2.5%-0.6pp
Earnings yield	4.9%+0.6pp	4.4%+1.1pp	3.2%-0.1pp	3.3%-0.2pp	3.5%+0.3pp
Dividend yield	2%+0.5pp	1.5%+0.3pp	1.2%+0.1pp	1.1%-0.1pp	1.2%+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.