Stock pay outran buybacks. Stock-based pay expense $82M vs $33M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed −3.8% from December 2022 to July 2026.
Over three fiscal years Universal Display recorded $82M of stock-based pay expense and spent $33M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Universal Display recorded $82M of stock-based pay expense and spent $33M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Profitable, but revenue is shrinking. More profitable than most peers, but revenue fell 8.3% in the 12 months to June 2026 vs the 12 months before.
Universal Display is more profitable than most peers, yet revenue fell 8.3% in the 12 months to June 2026 vs the 12 months before.
Profit is backed by cash. Free cash flow is 112% of reported profit.
Universal Display's free cash flow is 112% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins.Operating margin 34% (12 months to Jun 2026) vs a peer median of 6.3%.Operating margin 34% vs peers 6.3%.
Universal Display keeps 34% of revenue as operating profit, more than 95% of peers (median 6.3%).
StockQuotient Score
67/ 100▼ 1 since Oct 27 closeOct 5 69 → Nov 4 67 (-2)
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 72 → 71
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 1.04Sector median: 0.2495 · MAD: 0.2270
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Universal Display
Is Universal Display getting weaker?
Its latest SEC filing (Jul 30, 2026) got weaker in some ways: 12-month revenue fell 3.1%. Its overall score is 67/100, down 1 since Oct 28, 2026.
How is Universal Display valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 71/100 against 1,711 technology peers.Earnings yield 4.8% vs a peer median of 2.2% (stronger than 74% of peers).Earnings yield 4.8% vs peers 2.2% (stronger than 74% of peers).
Is Universal Display growing?
More slowly than most of its peers. Growth scores 18/100 against 1,711 technology peers.Revenue growth -8.3% vs a peer median of 8.5% (weaker than 87% of peers).Revenue growth -8.3% vs peers 8.5% (weaker than 87% of peers).
How profitable is Universal Display?
More profitable than most of its peers. Profitability scores 86/100 against 1,711 technology peers.Operating margin 34.1% vs a peer median of 6.3% (stronger than 95% of peers).Operating margin 34.1% vs peers 6.3% (stronger than 95% of peers).
How risky is Universal Display?
Lower risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings.Current ratio 8.50× vs a peer median of 1.83× (stronger than 95% of peers).Current ratio 8.50× vs peers 1.83× (stronger than 95% of peers).Beta 1.53 vs a peer median of 0.87 (weaker than 84% of peers).Beta 1.53 vs peers 0.87 (weaker than 84% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 30, 2026 · compared with the quarter ended Mar 31, 2026
Got weaker
12-month revenue fell 3.1%
Previous quarter
Latest quarter
Change
Revenue (12 months)
626.5M USD
606.9M USD
−3.1%
Net income (12 months)
213.5M USD
195.6M USD
−8.4%
Operating margin
35.4%
34.1%
−1.3 pts
Free cash flow (12 months)
237.1M USD
220.0M USD
−7.2%
Cash
159.4M USD
120.6M USD
−24.3%
Shares outstanding
46.8M
46.0M
−1.7%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Electronic Components · 19 companies
Valuations in Electronic Components are near the top of their range since Mar 2016.
90% of months since Mar 2016 were valued lower than now.
87% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is +2% vs the whole market, against a usual −24%.
Mar 2016Shaded: most expensive fifth of its range2026
Universal Display looks cheaper than most of its peers on our valuation measures, while the Electronic Components industry as a whole is valued high by its own standards since Mar 2016. Both can be true at once.
Describes valuations since Mar 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
79.2%
79.3%
76.5%
77.1%
76.3%
▼ 0.8 pts
Operating margin
41.1%
43.3%
37.7%
36.9%
38.2%
▲ 1.3 pts
Net margin
33.3%
34.1%
35.2%
34.3%
37.2%
▲ 2.9 pts
Return on assets (ROA)
12.6%
13.7%
12.2%
12.1%
12.3%
▲ 0.2 pts
Return on equity (ROE)
16.7%
16.5%
14.0%
13.7%
13.7%
▲ 0.0 pts
Free cash flow margin
26.7%
13.7%
16.5%
32.6%
23.7%
▼ 8.9 pts
Current ratio
4.93×
6.63×
7.72×
7.18×
10.06×
▲ 40%
Quick ratio
4.21×
5.28×
6.24×
5.72×
7.83×
▲ 37%
OLED price history
Price history is added with the daily price update and will appear after the next one.