Universal Display (OLED)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 245,202 | 250,167 | 266,343 | 257,276 | 268,151 | 244,090 | 231,798 | 227,053 | 228,296 | 238,458 | 230,412 | 180,424 | 163,529 | 133,754 | 127,699 | 179,272 | 169,890 | 150,721 | 135,177 | 96,016 |
| 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 |
| Pretax margin | 42.54% | 42.61% | 43.91% | 43.12% | 43.49% | 41.10% | 40.18% | 39.83% | 41.24% | 43.45% | 44.12% | 40.04% | 38.13% | 34.38% | 34.56% | 41.72% | 41.93% | 40.34% | 38.23% | 32.93% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $245,202K ÷ $576,429K
= 42.54%
Universal Display Corp.'s pretax margin has shown relatively stable performance over the past eight quarters, ranging from a low of 39.83% in Q1 2022 to a high of 43.92% in Q2 2023. The company has consistently maintained a strong level of profitability before taxes, with an average pretax margin of approximately 42.41% during this period. This indicates that Universal Display Corp. has been successful in managing its operating expenses and generating profits from its operations. Overall, the trend in the pretax margin suggests that the company has been able to maintain a healthy level of profitability in recent quarters.
Peer comparison
Dec 31, 2023