Universal Display (OLED)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	272,128	292,410	264,873	264,036	245,171	250,210	266,422	257,355	268,230	244,126	231,798	227,004	228,247	238,409	230,363	180,424	163,529	133,800	127,714	179,287
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
Pretax margin		42.02%	45.43%	42.50%	43.20%	42.53%	42.61%	43.92%	43.14%	43.50%	41.11%	40.18%	39.83%	41.24%	43.44%	44.11%	40.04%	38.13%	34.39%	34.57%	41.72%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $272,128K ÷ $647,684K
= 42.02%

Universal Display's pretax margin has shown fluctuation over the reported period, starting at 41.72% in March 2020, dropping to a low of 34.39% in September 2020, and gradually increasing to reach a peak of 45.43% in September 2024. The trend indicates some volatility, with the margin generally fluctuating within the range of the mid-30s to mid-40s percentage points. Overall, the company's ability to generate profit before taxes has demonstrated variability but with an upward trajectory towards the end of the reporting period.

Peer comparison

Dec 31, 2024

Company name

Symbol

Pretax margin

Universal Display

OLED

42.02%

Vishay Intertechnology Inc

VSH

-0.08%