• Universal Display average ebitda margin for 2023 was 45.43%, a 26.76% decline from 2022.
• Universal Display average ebitda margin for 2022 was 62.03%, a 43.06% decline from 2021.
• Universal Display average ebitda margin for 2021 was 43.36%, a 175.83% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.