OLED UNIVERSAL DISPLAY CORP \PA\

Overview and Growth

Fiscal 2025 results for UNIVERSAL DISPLAY CORP \PA\ combined $650.61M of revenue with net income of $242.07M and an operating cash inflow of $210.83M. Revenue of $650.61M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 0.5% from $647.68M in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $5.08, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 9.2% from $4.65 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 0.33x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $496.49M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 76.3% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $248.58M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 38.2%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $242.07M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 37.2% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $294.80M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 45.3%, relating income before taxes directly to revenue. The reported income-tax provision was $52.72M, the amount recognized between pretax income and the final net-income result. Relative to pretax income, the tax provision measured 17.9%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 13.7%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 12.3%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

The company held $1.96B of assets against $202.74M of liabilities and $1.76B of equity, revealing how the asset base was financed. At period end, current assets of $1.09B compared with current liabilities of $108.01M, defining the company’s short-term resource position. Current assets covered current liabilities by 10.06x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $138.35M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 128.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Relative to total assets, liabilities measured 10.3%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 7.0%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 7.2% from $1.83B in fiscal 2024, leaving current total assets higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $210.83M, a reported cash inflow that can be compared directly with net income and capital spending. The operating-cash-flow-to-net-income relationship was 0.87x, comparing cash generated by operations with the bottom-line earnings result. Capital spending was $56.47M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 26.8%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $154.36M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 23.7%, showing how much sales converted into cash after investment. Free cash flow equaled 7.9% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.