Universal Display (OLED)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 499,223 | 441,053 | 488,723 | 438,534 | 343,389 |
| Revenue | US$ in thousands | 647,684 | 576,429 | 616,619 | 553,525 | 428,867 |
| Gross profit margin | 77.08% | 76.51% | 79.26% | 79.23% | 80.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $499,223K ÷ $647,684K
= 77.08%
Universal Display's gross profit margin has been relatively stable over the past few years, ranging from 76.51% in December 2023 to 80.07% in December 2020. The margin indicates that the company retains a high proportion of revenue after accounting for the cost of goods sold. In December 2021 and 2022, the gross profit margin stood at 79.23% and 79.26% respectively, showing consistency in the company's ability to effectively manage production costs. However, there was a slight decrease to 77.08% in December 2024, which may be a result of various factors such as changes in product pricing, input costs, or production efficiencies. Overall, Universal Display's gross profit margin reflects strong operational efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2024