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%

Vishay Intertechnology Inc

VSH

9.52%