stockrow
Monday 2 November 2026
Export OLED’s income statement to Excel — free account
Universal Display Corporation
OLED Technology Electronic Components
Universal Display Corporation’s revenue for fiscal 2025 (year ended December 2025) was $650.6 million, roughly unchanged from fiscal 2024.
- Revenue
- +14.9%
- EPS
- +85.6%
- Free cash flow
- −45.7%
Quarter to September 2026, against a year earlier
90.01
6.09
+7.26%
Follow OLED
Alert me
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
22.94 | 31.37 | 43.90 | 24.14 | 42.64 | 82.07 | 70.57 | 75.46 | 79.34 | 56.23 |
Piotroski F-Score |
6 | 8 | 4 | 7 | 6 | 5 | 8 | 4 | 6 | 7 |
Altman Z-Score |
18.56 | 21.33 | 26.63 | 14.10 | 14.73 | 20.11 | 20.62 | 12.13 | 41.96 | 17.10 |
P/S ratio |
8.53 | 10.73 | 15.39 | 8.20 | 14.10 | 25.29 | 23.88 | 17.72 | 24.19 | 13.38 |
P/FCF ratio |
71.33 | 48.10 | 312.21 | 63.52 | 52.90 | 89.83 | 59.20 | 10,537.87 | 1,072.03 | 0.00 |
Altman Z″-Score (non-manufacturers) |
15.05 | 13.18 | 12.41 | 11.03 | 8.60 | 8.36 | 8.13 | 7.37 | 11.23 | 9.81 |
Beneish M-Score |
(2.35) | (2.62) | (1.71) | (2.13) | (2.03) | (2.22) | (2.31) | (3.22) | (1.89) | (2.45) |
P/Operating CF |
178.26 | 200.26 | 239.38 | 1,914.62 | 137.47 | 148.65 | 172.29 | 163.33 | 130.72 | 66.53 |
Dividend Safety Score |
86 | — | — | — | — | — | — | — | — | — |
P/B ratio |
3.15 | 4.30 | 6.13 | 3.96 | 7.10 | 11.88 | 11.93 | 6.35 | 12.32 | 5.04 |
Price to Tangible BV |
3.30 | 4.57 | 6.65 | 4.17 | 7.61 | 13.29 | 13.96 | 7.96 | 16.33 | 7.72 |
EV/Sales |
7.61 | 9.97 | 14.50 | 7.26 | 12.90 | 23.59 | 22.29 | 15.64 | 22.94 | 11.73 |
EV/EBITDA |
16.77 | 22.83 | 32.08 | 14.79 | 26.53 | 53.31 | 177.95 | 315.20 | 48.37 | 29.19 |
EV/Operating CF |
23.48 | 25.46 | 54.01 | 35.32 | 37.37 | 67.99 | 46.57 | 31.76 | 57.72 | 29.05 |
EV/FCF |
63.59 | 44.69 | 294.13 | 56.26 | 48.40 | 83.79 | 55.25 | 9,299.06 | 1,016.53 | (101.67) |
Quick Ratio |
6.69 | 4.83 | 5.50 | 4.94 | 4.10 | 4.92 | 4.37 | 4.19 | 7.41 | 8.78 |
Current Ratio |
10.06 | 7.18 | 7.72 | 6.63 | 4.93 | 5.61 | 4.91 | 4.77 | 8.13 | 9.58 |
Net Debt/EBITDA |
(2.04) | (1.74) | (1.97) | (1.91) | (2.46) | (3.85) | (12.73) | (41.99) | (2.64) | (4.10) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.34 | 0.37 | 0.36 | 0.41 | 0.40 | 0.36 | 0.39 | 0.29 | 0.48 | 0.34 |
Operating CF/Net income |
0.87 | 1.15 | 0.77 | 0.61 | 1.04 | 1.12 | 1.41 | 2.09 | 1.30 | 1.70 |
Capex/Depreciation |
(1.43) | (0.97) | (2.91) | (1.32) | (1.05) | (0.87) | 0.28 | 0.57 | (2.31) | (8.96) |
| 14.33% | 14.46% | 14.84% | 17.58% | 18.31% | 15.35% | 18.27% | 8.62% | 17.22% | 9.51% | |
| 12.75% | 12.66% | 12.62% | 13.92% | 13.47% | 11.08% | 13.36% | 6.79% | 14.53% | 7.98% | |
ROIC |
13.41% | 13.28% | 14.55% | 23.93% | 32.58% | 53.89% | 59.85% | 20.24% | 38.28% | 21.33% |
Return on Tangible Assets |
20.26% | 22.85% | 20.75% | 23.02% | 21.25% | 15.36% | 19.09% | 10.18% | 19.98% | 12.71% |
Average Days of Receivables |
67.30 | 64.05 | 88.55 | 54.85 | 70.98 | 70.01 | 54.46 | 63.63 | 56.94 | 45.87 |
Research and Development Expense of Revenue |
22.46% | 24.27% | 22.64% | 18.98% | 18.01% | 19.56% | 17.59% | 21.71% | 14.64% | 21.49% |
Selling, General and Administrative Expense of Revenue |
11.42% | 11.47% | 11.69% | 12.63% | 14.52% | 14.30% | 14.71% | 19.00% | 13.95% | 16.53% |
Intangible Assets out of Total Assets |
0.04 | 0.05 | 0.07 | 0.04 | 0.05 | 0.08 | 0.11 | 0.15 | 0.21 | 0.29 |
Share Based Compensation of Revenue |
4.34% | 4.64% | 4.18% | 4.86% | 6.55% | 6.59% | 4.37% | 6.79% | 4.44% | 6.58% |
Graham Net Nets |
0.16 | 0.10 | 0.08 | 0.13 | 0.07 | 0.05 | 0.05 | 0.09 | 0.05 | 0.11 |
Graham Number |
65.13 | 59.70 | 53.94 | 51.73 | 45.00 | 34.90 | 33.69 | 20.28 | 26.36 | 16.17 |
Earnings Yield |
4.36% | 3.19% | 2.28% | 4.14% | 2.35% | 1.22% | 1.42% | 1.33% | 1.26% | 1.78% |
Free Cash Flow Yield |
1.40% | 2.08% | 0.32% | 1.57% | 1.89% | 1.11% | 1.69% | 0.01% | 0.09% | (0.86%) |
Revenue per Share |
13.68 | 13.62 | 12.12 | 13.01 | 11.70 | 9.09 | 8.63 | 5.28 | 7.18 | 4.29 |
Operating CF per Share |
4.43 | 5.34 | 3.25 | 2.68 | 4.04 | 3.15 | 4.13 | 2.60 | 2.85 | 1.73 |
Capex per Share |
(1.40) | (0.90) | (2.66) | (1.00) | (0.92) | (0.59) | (0.65) | (0.54) | (0.64) | (2.23) |
Free Cash Flow per Share |
3.04 | 4.44 | 0.60 | 1.68 | 3.12 | 2.56 | 3.48 | 2.06 | 2.22 | (0.49) |
Cash per Share |
12.67 | 10.36 | 10.81 | 12.19 | 14.02 | 15.47 | 13.76 | 11.00 | 8.99 | 7.07 |
Shareholders Equity per Share |
37.04 | 34.00 | 30.43 | 26.91 | 23.26 | 19.34 | 17.28 | 14.74 | 14.11 | 11.39 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
37.04 | 34.00 | 30.43 | 26.91 | 23.26 | 19.34 | 17.28 | 14.74 | 14.11 | 11.39 |
Free Cash Flow |
144.36 | 211.10 | 28.42 | 79.61 | 147.55 | 120.74 | 163.45 | 96.41 | 103.56 | (22.95) |
Working Capital |
979.05 | 774.42 | 798.31 | 763.75 | 738.00 | 759.65 | 630.93 | 501.66 | 455.36 | 345.16 |
Capital Expenditures |
(66.47) | (42.64) | (126.35) | (47.21) | (43.55) | (28.05) | (30.46) | (25.39) | (29.80) | (103.29) |
Net Current Asset Value |
884.32 | 684.02 | 695.40 | 642.00 | 558.93 | 568.09 | 483.73 | 391.92 | 398.28 | 286.28 |
EV/EBIT |
19.91 | 27.05 | 38.49 | 16.77 | 31.37 | 64.22 | 57.03 | 68.18 | 52.64 | 34.11 |
Capex to Sales |
0.10 | 0.07 | 0.22 | 0.08 | 0.08 | 0.07 | 0.08 | 0.10 | 0.09 | 0.52 |
Price to Operating Income |
22.34 | 29.11 | 40.86 | 18.93 | 34.29 | 68.85 | 61.11 | 77.27 | 55.51 | 38.90 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.22 | 0.23 | 0.25 | 0.25 | 0.32 | 0.32 | (1.22) | (0.64) | 0.23 | 0.42 |
Cash ROIC |
6.11% | 10.01% | 1.45% | 4.30% | 8.37% | 7.35% | 11.21% | 7.99% | 9.59% | (2.68%) |
Accounts Receivable Turnover |
5.57 | 5.11 | 4.96 | 6.16 | 5.83 | 6.01 | 7.82 | 5.18 | 8.68 | 8.00 |
Accounts Payable Turnover |
5.14 | 6.25 | 13.24 | 10.45 | 8.00 | 6.31 | 6.33 | 4.41 | 5.00 | 3.51 |
Inventory Turnover |
0.73 | 0.83 | 0.75 | 0.81 | 1.02 | 1.10 | 1.13 | 1.01 | 2.04 | 1.75 |
Average Days of Payables |
55.28 | 89.96 | 29.48 | 27.17 | 47.47 | 58.93 | 64.39 | 71.80 | 91.91 | 112.63 |
Days of Inventory on Hand |
570.53 | 449.76 | 473.98 | 522.89 | 425.85 | 391.10 | 309.69 | 477.20 | 242.00 | 240.40 |
Average Receivables |
116.80 | 126.75 | 116.26 | 100.15 | 94.95 | 71.36 | 51.79 | 47.74 | 38.67 | 24.86 |
Average Payables |
29.97 | 23.76 | 10.23 | 12.24 | 14.38 | 13.55 | 11.91 | 12.15 | 10.94 | 7.48 |
Average Inventory |
211.93 | 179.37 | 179.51 | 158.69 | 112.88 | 77.77 | 66.98 | 53.13 | 26.79 | 15.03 |
Average Assets |
1,898.05 | 1,750.65 | 1,600.89 | 1,499.87 | 1,368.07 | 1,194.69 | 1,026.79 | 856.69 | 703.76 | 593.49 |
Average Common Equity |
1,688.77 | 1,531.87 | 1,361.30 | 1,187.64 | 1,006.31 | 862.08 | 750.98 | 674.78 | 593.76 | 497.61 |
Columns are period end dates · fundamentals updated 2 Nov 2026