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
+13.8%

Quarter to September 2026, against a year earlier

87.82 1.75 −1.95%
Market cap
$3.9B
P/E
17.8×
Fwd P/E
19.2×
Dividend yield
2.22%
F-score
6/9
Altman Z
18.56
Beneish M
−2.35
Dividend safety
86/100

Universal Display Corporation (OLED) Free cash flow margin

Alert me on Free cash flow margin

Universal Display Corporation's free cash flow margin over the twelve months to 30 September 2026 was 28.9%, up 6.7 percentage points from fiscal 2025 (22.2%). Over the past ten years it has ranged from −11.5% (fiscal 2016) to 56.8% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Electronic Components industry median of 1.66% and above the Technology sector median of 0.67%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 22.2% (10.40)
FY2024 32.6% 27.66
FY2023 4.93% (7.98)
FY2022 12.9% (13.75)
FY2021 26.7% (1.49)
FY2020 28.2% (12.19)
FY2019 40.3% 1.37
FY2018 39.0% 8.11
FY2017 30.9% 42.40
FY2016 −11.5% (68.34)

Against its own ten years

Low −11.5% High 56.8%
Ten-year median 28.2%
Current reading's percentile 36

Free cash flow margin against peers

Company Free cash flow margin
OLED Universal Display Corporation 28.9%
OSIS OSI Systems, Inc. compare 13.9%
KN Knowles Corporation compare 11.9%
ROG Rogers Corporation compare 11.4%
BELFA Bel Fuse Inc. compare 10.5%
BELFB Bel Fuse Inc. compare 10.5%
BHE Benchmark Electronics, Inc. compare 3.86%
PLXS Plexus Corp. compare −0.58%
OUST Ouster, Inc. compare −43.3%
Electronic Components industry median 1.66%
Technology sector median 0.67%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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