NASDAQ · Semiconductors · Fiscal year endsFY ends December

Universal Display Corp

OLED

$89.57+0.17 (+0.19%)Today

52-week low $70.77high $147.69

39.4% below its 52-week high

Next earningsFeb 17, 2027 · after the close

Revenue by fiscal year, $ millions

3.3x over the years shown (2016–2025)

Fiscal years · gold is the latest

199

2016

336

2017+69%

247

2018-26%

405

2019+64%

429

2020+6%

554

2021+29%

617

2022+11%

576

2023-7%

648

2024+12%

651

20250%

Ten years, as filed

Income, cash flow and balance sheet

$ millions · gold is the latest

$ millions	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income
Revenue	198.9	335.6	247.4	405.2	428.9	553.5	616.6	576.4	647.7	650.6
Revenue growth	+4%	+69%	-26%	+64%	+6%	+29%	+11%	-7%	+12%	0%
Gross margin	86.8%	83.7%	78.4%	81.4%	80.1%	79.2%	79.3%	76.5%	77.1%	76.3%
Operating income	68.4	146.2	56.7	158.3	157.5	227.6	267.1	217.2	238.8	248.6
Operating margin	34.4%	43.6%	22.9%	39.1%	36.7%	41.1%	43.3%	37.7%	36.9%	38.2%
Net income	48.1	103.9	58.8	138.3	133.4	184.2	210.1	203.0	222.1	242.1
Net margin	24.2%	31.0%	23.8%	34.1%	31.1%	33.3%	34.1%	35.2%	34.3%	37.2%
Cash flow
Operating cash flow	80.3	133.4	121.8	193.9	148.8	191.1	126.8	154.8	253.7	210.8
Capital expenditure	7.30	29.80	25.39	30.06	27.99	43.16	42.50	59.79	42.64	56.47
Free cash flow (calculated)	73.0	103.6	96.4	163.9	120.8	147.9	84.3	95.0	211.1	154.4
Share repurchases	—	—	0.48	0.65	0.00	0.00	—	0.00	0.00	32.88
Balance sheet
Cash and equivalents	139.4	132.8	211.0	131.6	630.0	312.0	93.4	92.0	99.0	138.4
Total assets	628	780	933	1,120	1,269	1,467	1,533	1,669	1,832	1,964
Total equity	528	659	691	811	913	1,100	1,275	1,447	1,617	1,761

Source: Universal Display Corp's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in December.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.