Universal Display (OLED)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 158,343 | 139,127 | 124,329 | 86,576 |
| 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 |
| Operating profit margin | 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% | 39.08% | 37.24% | 35.16% | 29.69% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $217,189K ÷ $576,429K
= 37.68%
Universal Display Corp.'s operating profit margin has shown some fluctuations over the past eight quarters. The company experienced a downward trend in the operating profit margin from Q4 2022 to Q2 2023, with margins declining from 43.32% to 42.13%. However, in Q3 and Q4 2023, there was a slight rebound in the operating profit margin, reaching 40.11% and 37.68% respectively. Overall, the company has maintained relatively healthy operating profit margins above 37% throughout the periods analyzed, indicating efficient cost management and favorable revenue generation relative to operating expenses.
Peer comparison
Dec 31, 2023