Universal Display (OLED)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 203,011 | 206,167 | 208,106 | 199,930 | 210,061 | 190,803 | 183,457 | 182,496 | 184,213 | 192,239 | 186,630 | 146,904 | 133,372 | 105,898 | 102,360 | 144,985 | 138,304 | 131,125 | 116,981 | 84,355 |
| Revenue (ttm) | US$ in thousands | 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 | 405,177 | 373,591 | 353,626 | 291,607 |
| Net profit margin | 35.22% | 35.11% | 34.31% | 33.51% | 34.07% | 32.13% | 31.80% | 32.02% | 33.28% | 35.03% | 35.73% | 32.60% | 31.10% | 27.22% | 27.70% | 33.74% | 34.13% | 35.10% | 33.08% | 28.93% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $203,011K ÷ $576,429K
= 35.22%
The net profit margin of Universal Display Corp. has shown a consistent positive trend over the past eight quarters. The company's net profit margin has ranged from 31.61% to 35.05% during this period, reflecting strong profitability. This indicates that for every dollar of revenue generated, Universal Display Corp. has been able to retain between 31.61 cents and 35.05 cents as net profit.
The gradual increase in net profit margin from Q1 2022 to Q4 2023 suggests an improvement in operational efficiency and effective cost management. This indicates that the company is effectively managing its expenses relative to its revenue, resulting in higher profitability. The company's ability to maintain a net profit margin above 30% consistently is a positive indicator of its financial health and strength in generating profits from its operations.
Peer comparison
Dec 31, 2023