Universal Display

NASDAQGS:OLED

United States / Information Technology / Semiconductors & Semiconductor Equipment

Overview

Dividends

5Y Historical Financials

Stock Price

139.48 USD


Key Metrics	Latest
Total Revenue	647.7 M
Adjusted EBITDA	282.9 M
EBITDA Margin	43.7%
Net Profit Margin	34.3%
Total Assets	1.832 B
Total Debt	22.983 M

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	428.87	553.53	616.62	576.43	647.68	647.68	576.43	647.68
% Growth		0.29	0.11	(0.07)	0.12			0.12

Adjusted EBITDA	194.71	269.61	309.38	260.59	282.94	282.94	260.59	282.94
% Margin	0.45	0.49	0.50	0.45	0.44	0.44	0.45	0.44

Adjusted EBIT	157.53	227.64	267.11	217.19	238.80	238.80	217.19	238.80
% Margin	0.37	0.41	0.43	0.38	0.37	0.37	0.38	0.37

Adjusted Net Income	133.37	184.21	215.21	203.01	222.08	222.08	203.01	222.08
% Margin	0.31	0.33	0.35	0.35	0.34	0.34	0.35	0.34

Adjusted Basic EPS	2.83	3.89	4.54	4.27	4.67	4.67	4.27	4.67

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
USD	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	429	554	617	576	648	648	576	648
% Growth	NA	29.1%	11.4%	-6.5%	12.4%			12.4%

Cost of Revenue	(104)	(124)	(137)	(145)	(159)	(159)	(145)	(159)
Gross Profit	325	430	480	431	488	488	431	488
% Revenue	75.7%	77.6%	77.8%	74.8%	75.4%	75.4%	74.8%	75.4%

Research and Development	(104)	(120)	(133)	(145)	(174)	(174)	(145)	(174)
Selling and Marketing	0	0	0	0	0	0	0	0
General and Admin	(61)	(80)	(78)	(67)	(74)	(74)	(67)	(74)
Other Inc / (Exp)	(1)	(1)	(8)	(2)	(9)	(9)	(2)	(9)
Total Operating Exp	(166)	(202)	(219)	(214)	(257)	(257)	(214)	(257)

Operating Income	158	228	260	217	231	231	217	231
% Revenue	36.9%	41.1%	42.2%	37.6%	35.7%	35.7%	37.6%	35.7%

Interest Expense	5	1	8	28	41	41	28	41
Pre-tax Income	164	228	268	245	272	272	245	272
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(30)	(44)	(58)	(42)	(50)	(50)	(42)	(50)
Net Income to Company	133	184	210	203	222	222	203	222
% Margin	31.1%	33.3%	34.1%	35.2%	34.3%	34.3%	35.2%	34.3%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	133	184	210	203	222	222	203	222

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)

Net Income to Common	132	183	209	202	222	222	202	222
% Margin	30.9%	33.1%	33.9%	35.0%	34.2%	34.2%	35.0%	34.2%

As Reported
Basic EPS (Continuing Ops)	2.80	3.87	4.41	4.25	4.66	4.66	4.25	4.66
Diluted EPS (Continuing Ops)	2.80	3.87	4.40	4.24	4.65	4.65	4.24	4.65

WA Basic Shares Out.	47.20	47.30	47.39	47.56	47.55	47.55	47.56	47.55
WA Diluted Shares Out.	47.24	47.37	47.47	47.62	47.65	47.65	47.62	47.65

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	164	228	268	245	272	272	245	272
Addback: Net Interest Expense	(5)	(1)	(8)	(28)	(41)	(41)	(28)	(41)
Addback: Other Non Operating Expenses, Total	(1)	(0)	(0)	0	7	7	0	7
Addback: Depreciation & Amortization	37	42	42	43	44	44	43	44
Addback: Restructuring Charges	0	0	0	0	0	0	0	0
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	7	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	0	0	0	0	0	0	0	0
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	0	0	0	0	0	0	0	0
Adjusted EBITDA	195	270	309	261	283	283	261	283
% Margin	45.4%	48.7%	50.2%	45.2%	43.7%	43.7%	45.2%	43.7%

Adjusted EBIT	158	228	267	217	239	239	217	239
% Margin	36.7%	41.1%	43.3%	37.7%	36.9%	36.9%	37.7%	36.9%

Adjusted Net Income Reconciliation
Net Income to Company	133	184	210	203	222	222	203	222
Addback: Unusual Items	0	0	7	0	0	0	0	0
Less: Tax Benefit of Unusual Items (26%)	0	0	(2)	0	0	0	0	0
Adjusted Net Income	133	184	215	203	222	222	203	222
% Margin	31.1%	33.3%	34.9%	35.2%	34.3%	34.3%	35.2%	34.3%

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Universal Display

NASDAQGS:OLED

United States / Information Technology / Semiconductors & Semiconductor Equipment

5Y Historical Financials