Universal Display (OLED)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 203,011 | 210,061 | 184,213 | 133,372 | 138,304 |
| Revenue | US$ in thousands | 576,429 | 616,619 | 553,525 | 428,867 | 405,177 |
| Net profit margin | 35.22% | 34.07% | 33.28% | 31.10% | 34.13% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $203,011K ÷ $576,429K
= 35.22%
Universal Display Corp.'s net profit margin has been demonstrating a generally positive trend over the past five years. From 2019 to 2020, there was a slight decrease in net profit margin from 33.86% to 30.87%, but this was followed by consistent improvement in the subsequent years, reaching 35.05% by the end of 2023. This indicates the company's ability to effectively control costs and generate profit from its revenue. The overall uptrend in net profit margin suggests that Universal Display Corp. has been efficiently managing its expenses and operations to enhance profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Universal Display
OLED
35.22%
Hubbell Inc
HUBB
13.83%
Mercury Systems Inc
MRCY
-16.48%
Vishay Intertechnology Inc
VSH
9.52%