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LPL

LG Display Co., Ltd.

LPL

LG Display Co., Ltd. • NYSE
$4.33 ▼ -0.69% (-0.03)
Market Cap $4.33 B
52w High $5.67
52w Low $2.43
Dividend Yield 0%
P/E -18.04
Volume 243.88K
Outstanding Shares 1.00B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.957T ▲ $709.211B ▲ $-20.658B ▼ -0.297% ▼ $-20.66 ▼ $1.424T ▼
Q2-2025 $5.587T ▼ $623.741B ▼ $865.812B ▲ 15.497% ▲ $866 ▲ $2.336T ▲
Q1-2025 $6.065T ▼ $709.34B ▲ $-262.725B ▲ -4.332% ▲ $-262.5 ▲ $1.25T ▼
Q4-2024 $7.833T ▲ $257.023B ▼ $-917.763B ▼ -11.717% ▼ $-917.62 ▼ $1.306T ▲
Q3-2024 $6.821T $923.8B $-355.159B -5.207% $-355.16 $1.269T

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.55T ▼ $28.713T ▲ $20.798T ▲ $6.733T ▲
Q2-2025 $1.679T ▲ $27.984T ▼ $20.386T ▼ $6.483T ▲
Q1-2025 $991.611B ▼ $31.988T ▼ $24.154T ▼ $6.274T ▼
Q4-2024 $2.033T ▲ $32.86T ▼ $24.787T ▼ $6.542T ▼
Q3-2024 $1.796T $33.15T $24.806T $6.979T

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.247B ▼ $620.504B ▲ $-483.777B ▼ $-304.152B ▲ $-116.712B ▼ $91.999B ▲
Q2-2025 $890.771B ▲ $-362.124B ▼ $299.639B ▲ $-526.491B ▼ $684.135B ▲ $-918.976B ▼
Q1-2025 $-237.032B ▲ $604.552B ▼ $-419.626B ▼ $1.679B ▲ $-1.04T ▼ $45.882B ▼
Q4-2024 $-839.118B ▼ $1.36T ▲ $-333.476B ▼ $-1.081T ▼ $234.991B ▲ $914.754B ▲
Q3-2024 $-338.108B $720.985B $-242.429B $-324.248B $-187.5B $-23.982B

Five-Year Company Overview

Income Statement

Income Statement Revenue has been quite cyclical over the last five years, rising strongly in some years and then pulling back as display demand and pricing softened. Profitability peaked a few years ago and has been under clear pressure since, with the core business posting operating losses for three consecutive years. The most recent year shows a meaningful improvement in sales and a narrowing of losses versus the worst year, but the company is still firmly in the red at the bottom line. Cash-style earnings (before depreciation) remain positive, which hints at an underlying business that can generate value, but heavy depreciation and weaker pricing have been eroding reported profits. Overall, LG Display looks to be in the middle of a difficult, but possibly stabilizing, downcycle rather than in a steady growth phase.

Balance Sheet

Balance Sheet The balance sheet shows a large industrial company that is capital intensive and now more financially stretched than a few years ago. Total assets have edged down slightly, reflecting a period of constrained investment and some write-down impact from prior weak years. Debt has climbed compared to earlier in the period and remains high, while the company’s equity base has been steadily eroded by repeated net losses. This means leverage has increased and the cushion available to absorb future shocks has thinned, even though equity is still positive. Cash on hand has trended lower from earlier highs and now represents a modest buffer relative to the debt load. In short, the balance sheet is still functional but clearly weaker, leaving less room for prolonged losses or major missteps.

Cash Flow

Cash Flow LG Display has consistently generated positive cash flow from day‑to‑day operations, even in loss-making years, which is a key strength. However, the business requires heavy ongoing investment in manufacturing facilities and new technologies, so capital spending has often consumed most of that operating cash. As a result, free cash flow swung between negative and positive over the period: very strong in the best year, clearly negative in the toughest years, and only modestly positive most recently. The latest figures suggest a combination of slightly better operating cash generation and some restraint on new capital projects, which helps free cash flow. Still, the company’s dependence on large, recurring investments means cash flows are inherently volatile and tightly linked to display cycles and capacity decisions.

Competitive Edge

Competitive Edge Competitively, LG Display remains one of the global leaders in advanced display technology, especially in large OLED panels. Its long experience, deep patent portfolio, and control of the manufacturing process from R&D to mass production give it a real edge in complex, large-format OLEDs where not many rivals can operate efficiently. Strong relationships with major TV, IT, and automotive brands help support demand for its premium panels and provide some switching costs for customers. At the same time, the company faces intense competition from both Korean and Chinese panel makers, particularly in more commoditized LCD products where pricing pressure is severe. The overall picture is of a firm with a strong premium and technology-driven niche, but operating in a fiercely competitive and cyclical industry that can quickly squeeze margins when supply exceeds demand.

Innovation and R&D

Innovation and R&D LG Display’s strategy leans heavily on innovation to differentiate itself from lower-cost rivals. It has been a pioneer in OLED technology, pushing advances like its META technology and micro-lens arrays to deliver brighter, more energy-efficient panels. The company is also betting on high-growth niches such as automotive displays, where curved plastic OLEDs, pillar‑to‑pillar dashboards, and slidable or tandem OLEDs can command better pricing and longer contracts. Beyond that, LG Display is experimenting with bendable, foldable, transparent, and even stretchable displays, plus high-performance gaming and IT panels. Many of these are early-stage markets that may take time to scale, but they showcase a strong R&D engine and a willingness to create new product categories. The trade‑off is that this level of innovation is expensive and contributes to the heavy capital and R&D burden already visible in its financials.

Summary

LG Display today looks like a technologically advanced but financially pressured manufacturer trying to work through a tough part of the display cycle. On the positive side, it maintains real strengths in large OLED technology, automotive and high‑end displays, and a robust innovation pipeline that could open up new, higher-margin markets over time. Operational cash generation remains intact, and recent results hint at some stabilization, with improving sales and slightly better cash discipline. On the risk side, several years of losses have weakened the balance sheet, raised leverage, and reduced flexibility just as the industry remains highly competitive and cyclical. The company’s future trajectory will likely hinge on its ability to restore sustainable profitability, keep capital spending tightly focused, and successfully monetize its advanced technologies in areas like OLED TVs, automotive displays, and next‑generation form factors.

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