Universal Display (OLED)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	483,647	481,007	466,726	465,647	441,053	457,686	474,017	468,913	488,723	463,793	452,770	445,139	438,534	439,075	420,639	364,273	343,389	312,371	298,899	347,670
Revenue (ttm)	US$ in thousands	647,684	643,711	623,161	611,221	576,429	587,141	606,620	596,616	616,619	593,834	576,896	569,995	553,525	548,821	522,282	450,590	428,867	389,053	369,489	429,689
Gross profit margin		74.67%	74.72%	74.90%	76.18%	76.51%	77.95%	78.14%	78.60%	79.26%	78.10%	78.48%	78.10%	79.23%	80.00%	80.54%	80.84%	80.07%	80.29%	80.90%	80.91%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $483,647K ÷ $647,684K
= 74.67%

The gross profit margin for Universal Display has shown a gradual decline over the past years, starting at 80.91% as of March 31, 2020, and decreasing to 74.67% by December 31, 2024. This downward trend indicates that the company's cost of goods sold relative to its revenue has been increasing, leading to a lower proportion of sales revenue remaining as gross profit. It is important for the company to closely monitor and manage its cost structure to improve or stabilize its gross profit margin in order to maintain profitability and operational efficiency.

Peer comparison

Dec 31, 2024

Company name

Symbol

Gross profit margin

Universal Display

OLED

74.67%

Vishay Intertechnology Inc

VSH

21.32%