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OLED Financials Universal Display Corp \Pa\

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 8.7% per year over the past 5 years.
  • Net income has grown faster than revenue (12.7% vs 8.7% per year).
  • Operating margin has expanded, at 38.2% in the latest year.
  • Free cash flow has grown 5.0% per year over the past 5 years.

Shareholder returns

  • Dividends have been paid for 9 consecutive years, consuming 35.4% of earnings and 55.4% of free cash flow.
  • The dividend has grown 24.6% per year over the past 5 years.
Revenue & net income
$0 $325M $651M 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 42% 84% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
0% 11% 22% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
$0 $106M $211M 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $315M $630M 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$458M -$33M $391M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $651M $242M 76.3% 38.2% 13.7% 12.3% $154M — $138M
2024 $648M $222M 77.1% 36.9% 13.7% 12.1% $211M — $99M
2023 $576M $203M 76.5% 37.7% 14.0% 12.2% $95M — $92M
2022 $617M $210M 79.3% 43.3% 16.5% 13.7% $84M — $93M
2021 $554M $184M 79.2% 41.1% 16.7% 12.5% $148M — $312M
2020 $429M $133M 80.1% 36.7% 14.6% 10.5% $121M — $630M
2019 $405M $138M 81.4% 39.1% 17.0% 12.3% $164M — $132M
2018 $247M $59M 78.4% 22.9% 8.5% 6.3% $96M — $211M
2017 $336M $104M 83.7% 43.6% 15.8% 13.3% $104M — $133M
2016 — $48M — — 9.1% 7.7% $73M — $139M
2015 — $104M — — 22.3% 18.6% $109M — $98M
2014 — $42M — — 9.3% 8.5% $41M — $45M
2013 — $74M — — 17.3% 16.0% $40M — $71M
2012 — $10M — — 2.8% 2.5% $15M — $86M
2011 — $3M — — 0.9% 0.8% $14M — $112M

Valuation over time

How the market has priced OLED against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 25.1 50.2 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 8.8 17.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 1.2 2.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is OLED growing its revenue and profit?

Over the past 5 years, Universal Display Corp \Pa\'s revenue has grown 8.7% per year, and net income grown 12.7% per year. These are computed facts, not advice.

How much debt does OLED have?

As of FY2025, Universal Display Corp \Pa\ reported — of total debt against $138M of cash.

What is OLED's profit margin?

In FY2025, gross margin was 76.3%, operating margin 38.2%, and net margin 37.2%.

What is OLED's P/E ratio?

Universal Display Corp \Pa\'s P/E (TTM) is 17.54 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the OLED stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.7× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.