Universal Display (OLED)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 272,128 | 245,171 | 268,230 | 228,247 | 163,529 |
| Revenue | US$ in thousands | 647,684 | 576,429 | 616,619 | 553,525 | 428,867 |
| Pretax margin | 42.02% | 42.53% | 43.50% | 41.24% | 38.13% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $272,128K ÷ $647,684K
= 42.02%
The pretax margin of Universal Display has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 38.13% in 2020 to 42.02% in 2024, indicating the company's ability to control its operational expenses and generate higher profits before accounting for taxes. The highest pretax margin was recorded in December 31, 2022, at 43.50%, reflecting strong efficiency in converting revenue into pre-tax income. However, there was a slight decrease in the pretax margin in 2023 compared to 2022, before rebounding in 2024. Overall, the upward trend in Universal Display's pretax margin signifies improving profitability and operational effectiveness over the five-year period.
Peer comparison
Dec 31, 2024