OLED · Universal Display Corp \pa\ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $142.21M | - | $139.61M | $171.79M | $166.28M | - | $161.63M | $158.50M | $165.26M | - |
| Cost of Revenue | $36.12M | - | $35.49M | $39.20M | $38.13M | - | $35.81M | $38.33M | $36.97M | - |
| Gross Profit | $106.09M | - | $104.12M | $132.59M | $128.14M | - | $125.81M | $120.18M | $128.29M | - |
| R&D | $35.25M | - | $36.34M | $36.36M | $34.90M | - | $36.09M | $36.83M | $37.98M | - |
| SG&A | $20.03M | - | $18.04M | $20.44M | $17.01M | - | $15.66M | $19.84M | $19.25M | - |
| Total Operating Expenses | $63.34M | - | $60.98M | $64.05M | $58.48M | - | $58.81M | $63.74M | $65.42M | - |
| D&A | $7.56M | - | $7.50M | $6.90M | $6.55M | - | $6.40M | $6.50M | $6.62M | - |
| Operating Income | $42.75M | - | $43.14M | $68.54M | $69.66M | - | $67.00M | $56.44M | $62.87M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $9.40M | - | $10.11M | $16.61M | $15.67M | - | $14.55M | $12.55M | $13.64M | - |
| Net Income | $35.90M | - | $44.02M | $67.26M | $64.44M | - | $66.87M | $52.34M | $56.85M | - |
| EPS - Basic | $0.76 | - | $0.93 | $1.41 | $1.35 | - | $1.40 | $1.10 | $1.19 | - |
| EPS - Diluted | $0.76 | - | $0.92 | $1.41 | $1.35 | - | $1.40 | $1.10 | $1.19 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $159.35M | $138.35M | $121.61M | $95.80M | $157.47M | $98.98M | $79.56M | $92.86M | $74.01M | $91.98M |
| Accounts Receivable | $93.63M | $119.95M | $74.21M | $147.04M | $139.56M | $113.65M | $87.69M | $124.39M | $119.58M | $139.85M |
| Inventory | $248.21M | $240.91M | $212.62M | $208.20M | $197.40M | $182.94M | $175.96M | $171.84M | $172.91M | $175.79M |
| Accounts Payable | $17.04M | $23.34M | $34.73M | $38.47M | $28.29M | $36.59M | $24.70M | $23.64M | $12.84M | $10.93M |
| Current Assets | $932.28M | $1.09B | $1.04B | $1.01B | $1.02B | $899.83M | $941.85M | $959.48M | $921.27M | $917.13M |
| Total Assets | $1.89B | $1.96B | $1.95B | $1.93B | $1.86B | $1.83B | $1.81B | $1.78B | $1.68B | $1.67B |
| Current Liabilities | $97.76M | $108.01M | $108.64M | $125.56M | $113.10M | $125.41M | $131.16M | $152.00M | $94.98M | $118.82M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $190.74M | $202.74M | $202.65M | $217.09M | $205.16M | $215.81M | $224.13M | $249.72M | $198.81M | $221.74M |
| Stockholders' Equity | $1.70B | $1.76B | $1.74B | $1.71B | $1.66B | $1.62B | $1.59B | $1.53B | $1.48B | $1.45B |
| Retained Earnings | $1.10B | $1.09B | $1.05B | $1.02B | $977.56M | $934.65M | $907.78M | $860.06M | $826.88M | $789.55M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $108.88M | - | - | - | $30.56M | - | - | - | $72.16M | - |
| Investing Cash Flow | $9.87M | - | - | - | $58.17M | - | - | - | ($64.18M) | - |
| Financing Cash Flow | ($97.75M) | - | - | - | ($30.24M) | - | - | - | ($25.95M) | - |
| CapEx | $8.61M | - | - | - | $13.06M | - | - | - | $7.21M | - |
| Free Cash Flow | $100.27M | - | - | - | $17.50M | - | - | - | $64.95M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 74.6% | - | 74.6% | 77.2% | 77.1% | - | 77.8% | 75.8% | 77.6% | - |
| Operating margin | 30.1% | - | 30.9% | 39.9% | 41.9% | - | 41.5% | 35.6% | 38.0% | - |
| EBITDA margin | 35.4% | - | 36.3% | 43.9% | 45.8% | - | 45.4% | 39.7% | 42.0% | - |
| Net margin | 25.2% | - | 31.5% | 39.2% | 38.8% | - | 41.4% | 33.0% | 34.4% | - |
| Free cash flow margin | 70.5% | - | - | - | 10.5% | - | - | - | 39.3% | - |
| FCF / Net income | 2.79 | - | - | - | 0.27 | - | - | - | 1.14 | - |
| R&D / Revenue | 24.8% | - | 26.0% | 21.2% | 21.0% | - | 22.3% | 23.2% | 23.0% | - |
| SG&A / Revenue | 14.1% | - | 12.9% | 11.9% | 10.2% | - | 9.7% | 12.5% | 11.6% | - |
| Effective tax rate | 20.7% | - | 18.7% | 19.8% | 19.6% | - | 17.9% | 19.3% | 19.4% | - |
| Return on assets | 1.9% | - | 2.3% | 3.5% | 3.5% | - | 3.7% | 2.9% | 3.4% | - |
| Return on equity | 2.1% | - | 2.5% | 3.9% | 3.9% | - | 4.2% | 3.4% | 3.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 9.54 | 10.06 | 9.55 | 8.05 | 9.00 | 7.18 | 7.18 | 6.31 | 9.70 | 7.72 |
| Quick ratio | 7.00 | 7.83 | 7.59 | 6.39 | 7.26 | 5.72 | 5.84 | 5.18 | 7.88 | 6.24 |
| Cash ratio | 1.63 | 1.28 | 1.12 | 0.76 | 1.39 | 0.79 | 0.61 | 0.61 | 0.78 | 0.77 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.11 | 1.12 | 1.12 | 1.13 | 1.12 | 1.13 | 1.14 | 1.16 | 1.13 | 1.15 |
| Liabilities / Assets | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.12 | 0.14 | 0.12 | 0.13 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.07 | 0.09 | 0.09 | - | 0.09 | 0.09 | 0.10 | - |
| Inventory turnover | 0.15 | - | 0.17 | 0.19 | 0.19 | - | 0.20 | 0.22 | 0.21 | - |
| Days sales outstanding | 240d | - | 194d | 312d | 306d | - | 198d | 286d | 264d | - |
| Days inventory outstanding | 2508d | - | 2187d | 1938d | 1889d | - | 1793d | 1636d | 1707d | - |
| Days payable outstanding | 172d | - | 357d | 358d | 271d | - | 252d | 225d | 127d | - |
| Cash conversion cycle | 2576d | - | 2024d | 1893d | 1925d | - | 1740d | 1698d | 1844d | - |
| Valuation | ||||||||||
| P / E | 120.6x | - | 156.1x | 109.5x | 103.3x | - | 149.9x | 191.1x | 141.6x | - |
| P / B | 2.5x | - | 3.9x | 4.3x | 4.0x | - | 6.3x | 6.6x | 5.4x | - |
| P / S | 30.4x | - | 49.0x | 42.9x | 40.0x | - | 61.9x | 63.2x | 48.5x | - |
| EV / EBITDA | 82.8x | - | 132.8x | 96.3x | 85.2x | - | 135.2x | 157.6x | 114.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -14.5% | - | -13.6% | 8.4% | 0.6% | - | 14.6% | 8.1% | 26.7% | - |
| Revenue CAGR (3y) | 2.9% | - | -4.6% | 8.0% | 3.4% | - | 4.0% | 6.9% | 7.2% | - |
| Revenue CAGR (5y) | 1.2% | - | 3.6% | 24.3% | 8.2% | - | 10.6% | 6.0% | 13.5% | - |
| Gross profit growth (YoY) | -17.2% | - | -17.2% | 10.3% | -0.1% | - | 17.8% | 5.0% | 31.6% | - |
| Operating income growth (YoY) | -38.6% | - | -35.6% | 21.4% | 10.8% | - | 38.3% | -3.8% | 38.6% | - |
| Net income growth (YoY) | -44.3% | - | -34.2% | 28.5% | 13.4% | - | 29.8% | 5.4% | 42.7% | - |
| EPS growth (YoY) | -43.7% | - | -34.3% | 28.2% | 13.4% | - | 29.6% | 5.8% | 43.4% | - |
| EPS CAGR (3y) | -2.9% | - | -6.3% | 17.5% | 8.7% | - | 13.0% | 9.0% | 3.3% | - |
| EPS CAGR (5y) | -6.8% | - | 1.6% | 134.2% | 11.0% | - | 12.4% | 3.6% | 12.5% | - |
| FCF growth (YoY) | 472.9% | - | - | - | -73.1% | - | - | - | 68.6% | - |
| FCF CAGR (5y) | 38.7% | - | - | - | 78.6% | - | - | - | 25.6% | - |
| Book value growth (YoY) | 2.7% | 8.9% | 10.0% | 12.3% | 11.7% | 11.7% | 14.8% | 14.0% | 14.3% | 13.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$650.61M totalMaterial Sales$352.97M · 54.3%
Royalty And License Fees$275.13M · 42.3%
Contract Research Services$22.50M · 3.5%
Geographic
$1.28B totalNon Us$626.18M · 49.0%
KR$383.50M · 30.0%
CN$238.21M · 18.7%
US$24.43M · 1.9%
JP$2.82M · 0.2%
Other Non US$1.66M · 0.1%
Peer comparison
Same SIC group: Electronic Components & Accessories
Comparing UNIVERSAL DISPLAY CORP \PA\ against the 5 most active filers in the same SIC group.
Dividends
$1.85/share trailing 12 months · +12.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 17, 2026 | $0.5000 |
| Dec 17, 2025 | $0.4500 |
| Sep 16, 2025 | $0.4500 |
| Jun 16, 2025 | $0.4500 |
| Mar 17, 2025 | $0.4500 |
| Dec 17, 2024 | $0.4000 |
| Sep 16, 2024 | $0.4000 |
| Jun 14, 2024 | $0.4000 |
| Mar 14, 2024 | $0.4000 |
| Dec 14, 2023 | $0.3500 |
| Sep 14, 2023 | $0.3500 |
| Jun 15, 2023 | $0.3500 |
| Mar 16, 2023 | $0.3500 |
| Dec 15, 2022 | $0.3000 |
| Sep 15, 2022 | $0.3000 |
| Jun 15, 2022 | $0.3000 |
| Mar 16, 2022 | $0.3000 |
| Dec 15, 2021 | $0.2000 |
| Sep 15, 2021 | $0.2000 |
| Jun 14, 2021 | $0.2000 |
| Mar 15, 2021 | $0.2000 |
| Dec 14, 2020 | $0.1500 |
| Sep 15, 2020 | $0.1500 |
| Jun 12, 2020 | $0.1500 |