• Universal Display average pre-tax profit margin for 2023 was 43.17%, a 4.5% increase from 2022.
• Universal Display average pre-tax profit margin for 2022 was 41.31%, a 2.27% increase from 2021.
• Universal Display average pre-tax profit margin for 2021 was 42.27%, a 13.39% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.