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Universal Display OLED Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin76.3%-0.8pp77.1%+0.6pp76.5%-2.7pp79.3%0.0pp
Operating margin38.2%+1.3pp36.9%-0.8pp37.7%-5.6pp43.3%+2.2pp
Net margin37.2%+2.9pp34.3%-0.9pp35.2%+1.2pp34.1%+0.8pp
EBITDA margin45.4%+1.7pp43.7%-1.5pp45.2%-5.0pp50.2%+1.5pp
Free cash flow margin23.7%-8.9pp32.6%+14.7pp17.9%
Returns
Return on equity14.3%-0.2pp14.5%-0.4pp14.9%-2.8pp17.7%-0.6pp
Return on assets12.8%+0.1pp12.7%0.0pp12.7%-1.3pp14%+0.5pp
Return on invested capital12.7%-0.5pp13.1%-0.4pp13.6%-6.4pp20%-12.3pp
Efficiency
Asset turnover0.3×0.0×0.4×0.0×0.4×-0.1×0.4×0.0×
Inventory turnover0.7×-0.1×0.8×+0.1×0.8×-0.1×0.8×-0.2×
Liquidity
Current ratio10.1×+2.9×7.2×-0.5×7.7×+1.1×6.6×+1.7×
Quick ratio7.8×+2.1×5.7×-0.5×6.2×+1.0×5.3×+1.1×
Cash ratio1.3×+0.5×0.8×0.0×0.8×+0.1×0.7×-1.0×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×0.0×
Net debt / EBITDA-0.3×-0.1×-0.2×0.0×-0.2×-0.1×-0.1×+0.8×
Per Share
Book value per share$36.95+8.9%$33.92+11.6%$30.39+13.1%$26.87+15.7%
Valuation
Market capitalization$5.55B-20.0%$6.94B-23.7%$9.1B+77.7%$5.12B-34.5%
Enterprise value$5.46B-20.7%$6.88B-24.0%$9.06B+78.0%$5.09B-32.7%
Price / earnings22.9×-8.3×31.2×-13.6×44.8×+20.4×24.4×-18.1×
Price / sales8.5×-2.2×10.7×-5.1×15.8×+7.5×8.3×-5.8×
Price / book3.2×-1.1×4.3×-2.0×6.3×+2.3×-3.1×
EV / EBITDA18.5×-5.8×24.3×-10.4×34.8×+18.3×16.4×-11.6×
EV / sales8.4×-2.2×10.6×-5.1×15.7×+7.5×8.3×-5.4×
Free cash flow yield2.8%-0.3pp3%+1.9pp1.1%
Earnings yield4.4%+1.2pp3.2%+1.0pp2.2%-1.9pp4.1%+1.7pp
Dividend yield1.5%+0.4pp1.1%+0.4pp0.7%-0.4pp1.1%+0.6pp
PEG ratio2.5×-0.8×3.3×1.7×+0.6×

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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.