Universal Display (OLED)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 245,171 | 268,230 | 228,247 | 163,529 | 169,905 |
| Revenue | US$ in thousands | 576,429 | 616,619 | 553,525 | 428,867 | 405,177 |
| Pretax margin | 42.53% | 43.50% | 41.24% | 38.13% | 41.93% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $245,171K ÷ $576,429K
= 42.53%
The pretax margin of Universal Display Corp. has shown a generally positive trend over the past five years. Starting at 41.93% in 2019, it increased to 43.50% in 2022, before slightly decreasing to 42.53% in 2023. This indicates the company's ability to control costs and generate profits prior to accounting for taxes, reflecting strong operational efficiency and effective management of expenses. The pretax margin above 40% in each year demonstrates Universal Display Corp.'s consistent ability to generate substantial earnings relative to its total revenue. The slight dip in the pretax margin from 2022 to 2023 may warrant further analysis to identify any potential factors influencing this change.
Peer comparison
Dec 31, 2023