Universal Display (OLED)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 238,803 | 251,060 | 232,491 | 234,693 | 217,189 | 235,526 | 255,553 | 250,228 | 267,110 | 240,489 | 229,754 | 226,336 | 227,644 | 236,961 | 227,659 | 176,578 | 157,526 | 126,236 | 118,640 | 168,489 |
| 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 |
| Operating profit margin | 36.87% | 39.00% | 37.31% | 38.40% | 37.68% | 40.11% | 42.13% | 41.94% | 43.32% | 40.50% | 39.83% | 39.71% | 41.13% | 43.18% | 43.59% | 39.19% | 36.73% | 32.45% | 32.11% | 39.21% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $238,803K ÷ $647,684K
= 36.87%
Universal Display's operating profit margin has exhibited some fluctuation over the past few years. The margin started at 39.21% as of March 31, 2020, and decreased to 32.11% by June 30, 2020. Subsequently, there was a slight increase to 32.45% by September 30, 2020, followed by a more significant rise to 36.73% by December 31, 2020.
The trend of improvement continued into 2021, with the operating profit margin reaching 39.19% by March 31, and surpassing 40% by June 30, 2021, at 43.59%. The margin remained relatively high throughout the rest of 2021, ranging from 41.13% to 43.32% by the end of the year.
As the company moved into 2022 and 2023, the operating profit margin stayed within the range of 37% to 43%, indicating stability in profitability. However, there was a slight decline in the margin towards the end of 2023 and the beginning of 2024, dropping to 37.68% by December 31, 2023, and 37.31% by June 30, 2024.
By the most recent data point of December 31, 2024, the operating profit margin had increased to 39.00%, showing a potential recovery in profitability. Overall, Universal Display has demonstrated a varying but generally healthy operating profit margin performance over the analyzed period.
Peer comparison
Dec 31, 2024