Forensic Analysis · Technology / Software · as of Aug 11, 2026

Universal Display Corp \Pa\ (OLED)

A forensic read on Universal Display Corp \Pa\ built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

18.5

Distress distance

Clean

Earnings quality

Forensic signals

21.1

P / E (ttm)

13.7%

ROE

$4.1B

Market cap

2.29%

Dividend yield

0.5%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Universal Display Corp \Pa\ earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 18.5, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by inventory days.

What the filings flag

502d

FY2024→FY2025

Inventory days. Days inventory outstanding moved from 441 to 502 FY2024→FY2025 (against cost of goods sold; inventory +32% vs +4% in cost of sales). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.

0.93×

FY2023–FY2025

Cash conversion. Over FY2023–FY2025, operating cash flow was 0.93× cumulative net income. Cash is lagging reported profit. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.

11.9%

FY2025

Return on invested capital. Return on invested capital is 11.9% in the latest fiscal year and slipping from 16% — a modest positive spread over its ~10% cost of capital — growth adds value, though not dramatically.

+0.1%/yr

FY2022–FY2025

Share count. Diluted share count changed +0% over the last 3 years to FY2025 (+0.1%/yr). Roughly flat — buybacks ($33M) are about offsetting stock comp ($28M), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.

Key fundamentals

Latest Revenue$650.6M

Revenue Growth YoY+0.5%

Revenue CAGR (3yr)+1.8%

Net Margin37.2%

Free Cash Flow$154.4M

Return on Equity13.7%

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Universal Display Corp \Pa\'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Aug 11, 2026. Forensic signals flag probability, not certainty.