CTS vs Universal Display Corp \pa\
Universal Display Corp \pa\ is the larger business, with $651m of revenue in fiscal 2025 against $541m for CTS (1.2 times as much). CTS grew faster (5.2% against 0.5%). Universal Display Corp \pa\ kept more of each dollar of sales as profit: a net margin of 37.2% against 12.1%. Universal Display Corp \pa\ carries less debt relative to equity (0.1% against 10.4%).
| Latest fiscal year | CTSCTS, 2025 | Universal Display Corp \pa\OLED, 2025 |
|---|---|---|
| Revenue | $541m | $651m |
| Revenue growth | 5.2% | 0.5% |
| Net income | $65.3m | $242m |
| Operating margin | 15.3% | 38.2% |
| Net margin | 12.1% | 37.2% |
| Return on equity | 12.1% | 14.3% |
| Free cash flow | $86.4m | $154m |
| Cash | $82.3m | $138m |
| Total debt | $57.5m | $1.3m |
| Debt to equity | 10.4% | 0.1% |
| Dividend per share | $0.16 | $1.80 |
| Dividend yield | 0.3% | 2.2% |
| Share buybacks | $56.2m | $32.9m |
| Employees | — | — |
| Market value | $1.79bn | $4.07bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 76 (Strong) | 88 (Strong) |
| Insider trades, 12 months | 0 buys, 0 sales | 7 buys, 2 sales |