Veeco Instruments Inc. (VECO) 10-Year Financial Performance & Capital Metrics

VECO • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

AboutVeeco Instruments Inc., together with its subsidiaries, develops, manufactures, sells, and supports semiconductor and thin film process equipment primarily to make electronic devices worldwide. The company offers laser annealing, ion beam deposition and etch, metal organic chemical vapor deposition, single wafer wet processing and surface preparation, molecular beam epitaxy, and atomic layer deposition and other deposition systems, as well as packaging lithography equipment. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory, photonics devices, power electronics, radio frequency filters and amplifiers, magnetic heads for hard disk drives, and other semiconductor devices. In addition, the company markets and sells its products to integrated device manufacturers and foundries; outsourced semiconductor assembly and test, hard disk drive, and photonics manufacturers; and research centers and universities. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.Show more

Revenue $717M +7.6%
EBITDA $92M -2.9%
Net Income $74M +342.7%
EPS (Diluted) 1.23 +319.6%
Gross Margin 42.38% -0.9%
EBITDA Margin 12.84% -9.8%
Operating Margin 9.34% -11.0%
Net Margin 10.28% +325.5%
ROE 10.22% +310.3%
ROIC 5.7% -15.4%
Debt/Equity 0.41 -11.7%
Interest Coverage 6.06 +2.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 84 (top 16%)
✓Strong 5Y sales CAGR of 11.3%
✓Trading near 52-week high

✗Weaknesses

✗Shares diluted 14.6% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.2%

5Y11.33%

3Y7.14%

TTM-3.9%

Profit (Net Income) CAGR

10Y-

5Y-

3Y41.46%

TTM-38.74%

EPS CAGR

10Y-

5Y-

3Y35.91%

TTM-38.06%

ROCE

10Y Avg-4.49%

5Y Avg6.48%

3Y Avg7.18%

Latest6.47%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.97B	43.36	83.38	20.93%	-7.52%	-20.33%	0.08%	0.71
ASMLASML Holding N.V.	516.86B	1331.60	69.21	2.56%	30.58%	51.86%	1.84%	0.27
LRCXLam Research Corporation	273.15B	217.47	52.40	23.68%	29.66%	57.01%	1.98%	0.48
AMATApplied Materials, Inc.	253.01B	319.08	36.85	4.39%	24.67%	34.28%	2.25%	0.32
ACMRACM Research, Inc.	3.12B	52.20	34.11	40.23%	13.3%	6.21%	2.24%	0.17
VECOVeeco Instruments Inc.	2.06B	34.09	27.72	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.96B	96.50	15.69	-9.97%	15.93%	13.32%	4.34%	0.04
ASYSAmtech Systems, Inc.	203.87M	14.20	-23.67	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	477.04M	332.45M	484.76M	542.08M	419.35M	454.16M	583.28M	646.14M	666.43M	717.3M
Revenue Growth %	0.21%	-0.3%	0.46%	0.12%	-0.23%	0.08%	0.28%	0.11%	0.03%	0.08%
Cost of Goods Sold+	299.8M	199.59M	300.44M	348.36M	261.15M	259.86M	341M	382.99M	381.38M	413.3M
COGS % of Revenue	0.63%	0.6%	0.62%	0.64%	0.62%	0.57%	0.58%	0.59%	0.57%	0.58%
Gross Profit+	177.24M	132.86M	184.32M	193.72M	158.19M	194.3M	242.27M	263.15M	285.06M	304M
Gross Margin %	0.37%	0.4%	0.38%	0.36%	0.38%	0.43%	0.42%	0.41%	0.43%	0.42%
Gross Profit Growth %	0.31%	-0.25%	0.39%	0.05%	-0.18%	0.23%	0.25%	0.09%	0.08%	0.07%
Operating Expenses+	196.37M	177.88M	217.71M	222.17M	197.77M	171.74M	185.56M	202.85M	215.12M	237.02M
OpEx % of Revenue	0.41%	0.54%	0.45%	0.41%	0.47%	0.38%	0.32%	0.31%	0.32%	0.33%
Selling, General & Admin	90.19M	77.64M	100.25M	92.06M	79.75M	76.25M	84.54M	88.95M	92.76M	99.66M
SG&A % of Revenue	0.19%	0.23%	0.21%	0.17%	0.19%	0.17%	0.14%	0.14%	0.14%	0.14%
Research & Development	78.54M	81.02M	81.99M	97.75M	90.56M	78.99M	88.68M	103.56M	112.85M	124.51M
R&D % of Revenue	0.16%	0.24%	0.17%	0.18%	0.22%	0.17%	0.15%	0.16%	0.17%	0.17%
Other Operating Expenses	697K	-223K	392K	-368K	27.47M	16.49M	12.35M	10.34M	9.51M	12.85M
Operating Income+	-23.23M	-120.4M	-63.78M	-415.5M	-39.58M	22.57M	56.71M	60.3M	69.94M	66.98M
Operating Margin %	-0.05%	-0.36%	-0.13%	-0.77%	-0.09%	0.05%	0.1%	0.09%	0.1%	0.09%
Operating Income Growth %	0.71%	-4.18%	0.47%	-5.51%	0.9%	1.57%	1.51%	0.06%	0.16%	-0.04%
EBITDA+	4.4M	-87.75M	-13.68M	-365.5M	-5.18M	53.26M	82.77M	85.94M	94.91M	92.12M
EBITDA Margin %	0.01%	-0.26%	-0.03%	-0.67%	-0.01%	0.12%	0.14%	0.13%	0.14%	0.13%
EBITDA Growth %	1.07%	-20.93%	0.84%	-25.71%	0.99%	11.28%	0.55%	0.04%	0.1%	-0.03%
D&A (Non-Cash Add-back)	27.63M	32.65M	50.09M	50M	34.4M	30.7M	26.06M	25.64M	24.97M	25.14M
EBIT	-22.18M	-118.98M	-69.53M	-412.32M	-55.87M	16.27M	56.71M	62.49M	-16.57M	79.88M
Net Interest Income+	586K	958K	-17.12M	-18.33M	-17.41M	-23.19M	-26.02M	-9.31M	-1.19M	1.85M
Interest Income	1.05M	1.18M	2.33M	3.19M	4.68M	1.55M	2.34M	2.2M	10.58M	12.9M
Interest Expense	464K	222K	19.46M	21.52M	22.09M	24.74M	28.36M	11.51M	11.77M	11.04M
Other Income/Expense	586K	958K	-17.12M	-18.33M	-38.38M	-31.03M	-31.03M	-9.31M	-98.28M	1.85M
Pretax Income+	-22.65M	-119.44M	-80.9M	-433.83M	-77.96M	-8.46M	25.68M	50.98M	-28.34M	68.83M
Pretax Margin %	-0.05%	-0.36%	-0.17%	-0.8%	-0.19%	-0.02%	0.04%	0.08%	-0.04%	0.1%
Income Tax+	9.33M	2.77M	-36.11M	-26.75M	777K	-73K	-358K	-115.96M	2.03M	-4.88M
Effective Tax Rate %	1.41%	1.02%	0.55%	0.94%	1.01%	0.99%	1.01%	3.27%	1.07%	1.07%
Net Income+	-31.98M	-122.21M	-44.79M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Net Margin %	-0.07%	-0.37%	-0.09%	-0.75%	-0.19%	-0.02%	0.04%	0.26%	-0.05%	0.1%
Net Income Growth %	0.52%	-2.82%	0.63%	-8.09%	0.81%	0.89%	4.1%	5.41%	-1.18%	3.43%
Net Income (Continuing)	-31.98M	-122.21M	-51.4M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.80	-3.11	-1.01	-8.63	-1.66	-0.17	0.49	2.71	-0.56	1.23
EPS Growth %	0.53%	-2.89%	0.68%	-7.54%	0.81%	0.9%	3.88%	4.53%	-1.21%	3.2%
EPS (Basic)	-0.80	-3.11	-1.01	-8.63	-1.66	-0.17	0.53	3.35	-0.56	1.31
Diluted Shares Outstanding	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	53.64M	65.61M	53.77M	61.6M
Basic Shares Outstanding	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	49.07M	49.91M	53.77M	56.43M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	542.13M	501.51M	596.99M	520.08M	475.88M	586.93M	549.39M	668.9M	706.28M	764.53M
Cash & Short-Term Investments	385.28M	344.23M	327.52M	260.46M	244.55M	319.4M	223.93M	302.41M	305.44M	344.31M
Cash Only	269.23M	277.44M	279.74M	212.27M	129.29M	129.63M	119.75M	154.93M	158.78M	145.59M
Short-Term Investments	116.05M	66.79M	47.78M	48.19M	115.25M	189.77M	104.18M	147.49M	146.66M	198.72M
Accounts Receivable	49.52M	58.02M	99.03M	77.2M	71.02M	101.24M	127.9M	140.73M	127.39M	133.94M
Days Sales Outstanding	37.89	63.7	74.56	51.98	61.81	81.36	80.04	79.5	69.77	68.16
Inventory	77.47M	77.06M	120.27M	156.31M	133.07M	145.91M	170.86M	206.91M	237.63M	246.74M
Days Inventory Outstanding	94.32	140.93	146.11	163.78	185.98	204.94	182.88	197.19	227.43	217.9
Other Current Assets	21.7M	13.96M	24.44M	16.68M	12.28M	1.09M	1.07M	18.85M	19.74M	39.54M
Total Non-Current Assets+	348.65M	257.02M	790.29M	380.74M	342.21M	311.13M	349.59M	459.28M	522.76M	487.05M
Property, Plant & Equipment	79.59M	60.65M	85.06M	80.28M	90.16M	75.55M	128.56M	133.75M	142.84M	140.29M
Fixed Asset Turnover	5.99x	5.48x	5.70x	6.75x	4.65x	6.01x	4.54x	4.83x	4.67x	5.11x
Goodwill	114.91M	114.91M	307.13M	184.3M	181.94M	181.94M	181.94M	181.94M	214.96M	214.96M
Intangible Assets	131.67M	58.38M	369.84M	85.15M	61.52M	46.19M	33.91M	23.89M	43.95M	8.83M
Long-Term Investments	21M	21M	21M	21M	0	0	0	0	0	0
Other Non-Current Assets	98K	47K	4.31M	8.13M	7.04M	6.02M	3.55M	3.35M	3.12M	2.77M
Total Assets+	890.79M	758.53M	1.39B	900.82M	818.09M	898.06M	898.98M	1.13B	1.23B	1.25B
Asset Turnover	0.54x	0.44x	0.35x	0.60x	0.51x	0.51x	0.65x	0.57x	0.54x	0.57x
Asset Growth %	-0.04%	-0.15%	0.83%	-0.35%	-0.09%	0.1%	0%	0.25%	0.09%	0.02%
Total Current Liabilities+	162.23M	143.51M	223.46M	160.05M	118.22M	146.68M	189.2M	257.9M	218.03M	192.28M
Accounts Payable	30.07M	22.61M	50.32M	39.61M	21.28M	33.66M	44.46M	52.05M	42.38M	43.52M
Days Payables Outstanding	36.61	41.34	61.13	41.5	29.74	47.27	47.58	49.6	40.56	38.43
Short-Term Debt	340K	368K	0	0	0	0	0	20.17M	0	26.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	6.96M	7.09M	130.43M	8.22M	7.23M	2.7M	7.61M	7.07M	25.28M	6.59M
Current Ratio	3.34x	3.49x	2.67x	3.25x	4.03x	4.00x	2.90x	2.59x	3.24x	3.98x
Quick Ratio	2.86x	2.96x	2.13x	2.27x	2.90x	3.01x	2.00x	1.79x	2.15x	2.69x
Cash Conversion Cycle	95.6	163.29	159.54	174.26	218.05	239.03	215.34	227.08	256.64	247.63
Total Non-Current Liabilities+	13.94M	20.43M	323.12M	302.99M	325.35M	343.01M	272.14M	292.45M	338.57M	288.52M
Long-Term Debt	1.19M	826K	275.63M	287.39M	300.07M	321.12M	229.44M	254.49M	274.94M	249.7M
Capital Lease Obligations	0	0	0	0	10.3M	6.3M	32.83M	33.58M	31.53M	34.32M
Deferred Tax Liabilities	11.21M	13.2M	36.84M	5.69M	5.65M	5.24M	4.79M	1.28M	6.55M	689K
Other Non-Current Liabilities	1.54M	6.4M	10.64M	9.91M	9.34M	10.35M	5.08M	3.1M	25.54M	3.82M
Total Liabilities	176.17M	163.94M	546.57M	463.04M	443.58M	489.69M	461.35M	550.36M	556.6M	480.81M
Total Debt+	1.53M	1.19M	275.63M	287.39M	314.56M	331.57M	266.71M	311.57M	310.5M	314.27M
Net Debt	-267.7M	-276.25M	-4.11M	75.12M	185.27M	201.94M	146.96M	156.65M	151.71M	168.68M
Debt / Equity	0.00x	0.00x	0.33x	0.66x	0.84x	0.81x	0.61x	0.54x	0.46x	0.41x
Debt / EBITDA	0.35x	-	-	-	-	6.23x	3.22x	3.63x	3.27x	3.41x
Net Debt / EBITDA	-60.81x	-	-	-	-	3.79x	1.78x	1.82x	1.60x	1.83x
Interest Coverage	-50.07x	-542.35x	-3.28x	-19.31x	-1.79x	0.91x	2.00x	5.24x	5.94x	6.06x
Total Equity+	714.62M	594.6M	840.71M	437.77M	374.51M	408.37M	437.63M	577.82M	672.44M	770.77M
Equity Growth %	-0.03%	-0.17%	0.41%	-0.48%	-0.14%	0.09%	0.07%	0.32%	0.16%	0.15%
Book Value per Share	17.98	15.11	19.03	9.28	7.89	8.44	8.16	8.81	12.51	12.51
Total Shareholders' Equity	714.62M	594.6M	840.71M	437.77M	374.51M	408.37M	437.63M	577.82M	672.44M	770.77M
Common Stock	410K	407K	482K	485K	490K	497K	507K	517K	564K	569K
Retained Earnings	-45.06M	-168.58M	-213.38M	-619.98M	-698.93M	-707.32M	-681.28M	-501.8M	-532.17M	-458.45M
Treasury Stock	-9.22M	-2.31M	-1.28M	-5.87M	0	0	0	0	0	0
Accumulated OCI	1.35M	1.78M	1.81M	1.82M	1.89M	1.85M	1.48M	928K	1.61M	1.52M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.79M	-23.84M	34.15M	-37.74M	-7.42M	43.02M	67.74M	108.48M	61.67M	63.81M
Operating CF Margin %	0.03%	-0.07%	0.07%	-0.07%	-0.02%	0.09%	0.12%	0.17%	0.09%	0.09%
Operating CF Growth %	-0.62%	-2.51%	2.43%	-2.11%	0.8%	6.8%	0.57%	0.6%	-0.43%	0.03%
Net Income	-31.98M	-122.21M	-44.79M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Depreciation & Amortization	39.85M	32.65M	50.09M	50M	34.4M	30.7M	26.06M	25.64M	24.97M	25.14M
Stock-Based Compensation	17.99M	15.74M	24.4M	16.07M	15.27M	12.7M	15.25M	22.99M	28.56M	35.88M
Deferred Taxes	2.65M	940K	-33.88M	-27.62M	360K	-299K	-651K	-118.04M	-2.21M	-8.73M
Other Non-Cash Items	-1.09M	69.26M	11.68M	386.93M	38.06M	22.05M	18.83M	962K	99.23M	8.55M
Working Capital Changes	-11.63M	-20.23M	26.64M	-56.04M	-16.77M	-13.74M	-17.78M	9.98M	-58.5M	-70.74M
Change in Receivables	10.71M	-8.67M	4.52M	21.82M	5.8M	-30.36M	-26.66M	-12.83M	13.27M	-6.55M
Change in Inventory	-12.31M	-5.39M	6.34M	-24.68M	14.97M	-11.53M	-24.8M	-37.29M	-35.16M	-8.31M
Change in Payables	9.47M	-24.2M	12.2M	-19.67M	-26.95M	15.96M	20.23M	-13.12M	-8.81M	-338K
Cash from Investing+	-7.08M	46.71M	-357.84M	-18.3M	-75.87M	-71.79M	44.53M	-68.88M	-53.33M	-64.55M
Capital Expenditures	-13.89M	-11.48M	-24.27M	-12.65M	-10.87M	-6.8M	-40.64M	-24.6M	-27.93M	-18.11M
CapEx % of Revenue	0.03%	0.03%	0.05%	0.02%	0.03%	0.01%	0.07%	0.04%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.07M	-230K	2.28M	-2.98M	-10.23M	2.7M	-38.92M	-44.28M	0	0
Cash from Financing+	-10.2M	-14.63M	325.94M	-11.46M	126K	29.1M	-122.03M	-4.55M	-4.68M	-12.58M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.21M	-2.6M	-8.74M	-3.07M	-2.98M	-12.63M	-9.83M	-8.25M	-11.01M	-17.88M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.9M	-35.32M	9.87M	-50.39M	-18.29M	36.22M	27.1M	83.88M	33.74M	45.7M
FCF Margin %	0%	-0.11%	0.02%	-0.09%	-0.04%	0.08%	0.05%	0.13%	0.05%	0.06%
FCF Growth %	-0.93%	-19.57%	1.28%	-6.1%	0.64%	2.98%	-0.25%	2.1%	-0.6%	0.35%
FCF per Share	0.05	-0.90	0.22	-1.07	-0.39	0.75	0.51	1.28	0.63	0.74
FCF Conversion (FCF/Net Income)	-0.49x	0.20x	-0.76x	0.09x	0.09x	-5.13x	2.60x	0.65x	-2.03x	0.87x
Interest Paid	485K	225K	4.67M	9.71M	9.41M	12.7M	0	10.14M	11.78M	9.5M
Taxes Paid	7.09M	1.67M	1.94M	4.8M	2.93M	329K	0	1.43M	5.09M	3.03M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.4%	-18.67%	-6.24%	-63.68%	-19.39%	-2.14%	6.16%	32.88%	-4.86%	10.22%
Return on Invested Capital (ROIC)	-3.8%	-23.6%	-8.28%	-46.18%	-5.53%	2.89%	7.12%	6.86%	6.73%	5.7%
Gross Margin	37.15%	39.96%	38.02%	35.74%	37.72%	42.78%	41.54%	40.73%	42.77%	42.38%
Net Margin	-6.7%	-36.76%	-9.24%	-75.1%	-18.78%	-1.85%	4.46%	25.84%	-4.56%	10.28%
Debt / Equity	0.00x	0.00x	0.33x	0.66x	0.84x	0.81x	0.61x	0.54x	0.46x	0.41x
Interest Coverage	-50.07x	-542.35x	-3.28x	-19.31x	-1.79x	0.91x	2.00x	5.24x	5.94x	6.06x
FCF Conversion	-0.49x	0.20x	-0.76x	0.09x	0.09x	-5.13x	2.60x	0.65x	-2.03x	0.87x
Revenue Growth	21.42%	-30.31%	45.81%	11.83%	-22.64%	8.3%	28.43%	10.78%	3.14%	7.63%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Semiconductor	-	-	-	-	-	165.91M	247.05M	369.37M	412.72M	466.61M
Semiconductor Growth	-	-	-	-	-	-	48.91%	49.51%	11.74%	13.06%
Data Storage	59.67M	52.99M	-	-	-	123.29M	168.76M	87.54M	88.47M	98.85M
Data Storage Growth	-	-11.20%	-	-	-	-	36.88%	-48.13%	1.06%	11.73%
Compound Semiconductor	-	-	-	-	-	107.92M	106.97M	121.19M	87.26M	77.59M
Compound Semiconductor Growth	-	-	-	-	-	-	-0.88%	13.30%	-28.00%	-11.08%
Scientific And Other	-	-	-	-	-	57.04M	-	-	77.98M	74.25M
Scientific And Other Growth	-	-	-	-	-	-	-	-	-	-4.79%
Scientific & Other	-	-	-	-	-	-	60.49M	68.03M	-	-
Scientific & Other Growth	-	-	-	-	-	-	-	12.46%	-	-
Scientific And Industrial	64.3M	74.91M	120.79M	138.75M	159.52M	-	-	-	-	-
Scientific And Industrial Growth	-	16.51%	61.24%	14.87%	14.97%	-	-	-	-	-
Front End Semiconductor	-	-	40.83M	62.58M	120.13M	-	-	-	-	-
Front End Semiconductor Growth	-	-	-	53.27%	91.95%	-	-	-	-	-
Lighting Display And Power Electronics	291.13M	136.25M	-	249.97M	72.79M	-	-	-	-	-
Lighting Display And Power Electronics Growth	-	-53.20%	-	-	-70.88%	-	-	-	-	-
Advanced Packaging Mems And Rf	61.94M	68.3M	69.35M	90.78M	66.91M	-	-	-	-	-
Advanced Packaging Mems And Rf Growth	-	10.28%	1.54%	30.89%	-26.29%	-	-	-	-	-
Led Lighting Display And Compound Semiconductor	-	-	253.78M	-	-	-	-	-	-	-
Led Lighting Display And Compound Semiconductor Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CHINA	-	-	-	-	-	-	-	-	217.94M	255.62M
CHINA Growth	-	-	-	-	-	-	-	-	-	17.29%
Asia Pacific Excluding China	-	-	-	-	-	177.57M	-	-	208.69M	234.59M
Asia Pacific Excluding China Growth	-	-	-	-	-	-	-	-	-	12.41%
UNITED STATES	-	-	-	-	-	-	217.21M	-	162.79M	164.56M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	1.09%
EMEA	-	-	-	-	-	-	55.13M	87.84M	76.7M	61.73M
EMEA Growth	-	-	-	-	-	-	-	59.33%	-12.68%	-19.51%
Rest Of World	83.95M	77.57M	205.34M	133.29M	164.76M	528K	308K	1.43M	313K	797K
Rest Of World Growth	-	-7.60%	164.72%	-35.09%	23.61%	-99.68%	-41.67%	363.96%	-78.10%	154.63%
APAC	-	-	-	-	-	-	204.63M	235.74M	-	-
APAC Growth	-	-	-	-	-	-	-	15.20%	-	-
United States	-	-	-	-	-	-	-	197.43M	-	-
United States Growth	-	-	-	-	-	-	-	-	-	-
China	-	-	-	-	-	-	106M	123.7M	-	-
China Growth	-	-	-	-	-	-	-	16.70%	-	-
U	86.63M	85.64M	94.94M	125.66M	126.16M	145.35M	-	-	-	-
U Growth	-	-1.14%	10.86%	32.36%	0.40%	15.21%	-	-	-	-
E M E A	64.02M	83.41M	76.64M	89.1M	57.35M	73.12M	-	-	-	-
E M E A Growth	-	30.29%	-8.12%	16.27%	-35.63%	27.50%	-	-	-	-
C	242.44M	85.83M	107.84M	194.03M	71.08M	57.59M	-	-	-	-
C Growth	-	-64.60%	25.64%	79.92%	-63.37%	-18.98%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Veeco Instruments Inc. (VECO) has a price-to-earnings (P/E) ratio of 27.7x. This suggests investors expect higher future growth.

Growth & Financials

Veeco Instruments Inc. (VECO) reported $681.4M in revenue for fiscal year 2024. This represents a 30% decrease from $979.1M in 2011.

Veeco Instruments Inc. (VECO) grew revenue by 7.6% over the past year. This is steady growth.

Yes, Veeco Instruments Inc. (VECO) is profitable, generating $49.2M in net income for fiscal year 2024 (10.3% net margin).

Dividend & Returns

Veeco Instruments Inc. (VECO) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Veeco Instruments Inc. (VECO) generated $54.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Veeco Instruments Inc. (VECO) 10-Year Financial Performance & Capital Metrics

VECO • • Industrial / General

TechnologySemiconductorsSemiconductor Manufacturing EquipmentWafer Fabrication Equipment

Revenue $717M +7.6%
EBITDA $92M -2.9%
Net Income $74M +342.7%
EPS (Diluted) 1.23 +319.6%
Gross Margin 42.38% -0.9%
EBITDA Margin 12.84% -9.8%
Operating Margin 9.34% -11.0%
Net Margin 10.28% +325.5%
ROE 10.22% +310.3%
ROIC 5.7% -15.4%
Debt/Equity 0.41 -11.7%
Interest Coverage 6.06 +2.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 84 (top 16%)
✓Strong 5Y sales CAGR of 11.3%
✓Trading near 52-week high

✗Weaknesses

✗Shares diluted 14.6% in last year

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.2%

5Y11.33%

3Y7.14%

TTM-3.9%

Profit (Net Income) CAGR

10Y-

5Y-

3Y41.46%

TTM-38.74%

EPS CAGR

10Y-

5Y-

3Y35.91%

TTM-38.06%

ROCE

10Y Avg-4.49%

5Y Avg6.48%

3Y Avg7.18%

Latest6.47%

Peer Comparison

Wafer Fabrication Equipment

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UCTTUltra Clean Holdings, Inc.	1.97B	43.36	83.38	20.93%	-7.52%	-20.33%	0.08%	0.71
ASMLASML Holding N.V.	516.86B	1331.60	69.21	2.56%	30.58%	51.86%	1.84%	0.27
LRCXLam Research Corporation	273.15B	217.47	52.40	23.68%	29.66%	57.01%	1.98%	0.48
AMATApplied Materials, Inc.	253.01B	319.08	36.85	4.39%	24.67%	34.28%	2.25%	0.32
ACMRACM Research, Inc.	3.12B	52.20	34.11	40.23%	13.3%	6.21%	2.24%	0.17
VECOVeeco Instruments Inc.	2.06B	34.09	27.72	7.63%	7.23%	5.62%	2.22%	0.41
ACLSAxcelis Technologies, Inc.	2.96B	96.50	15.69	-9.97%	15.93%	13.32%	4.34%	0.04
ASYSAmtech Systems, Inc.	203.87M	14.20	-23.67	-10.68%	-38.18%	-61.74%	2.43%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	477.04M	332.45M	484.76M	542.08M	419.35M	454.16M	583.28M	646.14M	666.43M	717.3M
Revenue Growth %	0.21%	-0.3%	0.46%	0.12%	-0.23%	0.08%	0.28%	0.11%	0.03%	0.08%
Cost of Goods Sold+	299.8M	199.59M	300.44M	348.36M	261.15M	259.86M	341M	382.99M	381.38M	413.3M
COGS % of Revenue	0.63%	0.6%	0.62%	0.64%	0.62%	0.57%	0.58%	0.59%	0.57%	0.58%
Gross Profit+	177.24M	132.86M	184.32M	193.72M	158.19M	194.3M	242.27M	263.15M	285.06M	304M
Gross Margin %	0.37%	0.4%	0.38%	0.36%	0.38%	0.43%	0.42%	0.41%	0.43%	0.42%
Gross Profit Growth %	0.31%	-0.25%	0.39%	0.05%	-0.18%	0.23%	0.25%	0.09%	0.08%	0.07%
Operating Expenses+	196.37M	177.88M	217.71M	222.17M	197.77M	171.74M	185.56M	202.85M	215.12M	237.02M
OpEx % of Revenue	0.41%	0.54%	0.45%	0.41%	0.47%	0.38%	0.32%	0.31%	0.32%	0.33%
Selling, General & Admin	90.19M	77.64M	100.25M	92.06M	79.75M	76.25M	84.54M	88.95M	92.76M	99.66M
SG&A % of Revenue	0.19%	0.23%	0.21%	0.17%	0.19%	0.17%	0.14%	0.14%	0.14%	0.14%
Research & Development	78.54M	81.02M	81.99M	97.75M	90.56M	78.99M	88.68M	103.56M	112.85M	124.51M
R&D % of Revenue	0.16%	0.24%	0.17%	0.18%	0.22%	0.17%	0.15%	0.16%	0.17%	0.17%
Other Operating Expenses	697K	-223K	392K	-368K	27.47M	16.49M	12.35M	10.34M	9.51M	12.85M
Operating Income+	-23.23M	-120.4M	-63.78M	-415.5M	-39.58M	22.57M	56.71M	60.3M	69.94M	66.98M
Operating Margin %	-0.05%	-0.36%	-0.13%	-0.77%	-0.09%	0.05%	0.1%	0.09%	0.1%	0.09%
Operating Income Growth %	0.71%	-4.18%	0.47%	-5.51%	0.9%	1.57%	1.51%	0.06%	0.16%	-0.04%
EBITDA+	4.4M	-87.75M	-13.68M	-365.5M	-5.18M	53.26M	82.77M	85.94M	94.91M	92.12M
EBITDA Margin %	0.01%	-0.26%	-0.03%	-0.67%	-0.01%	0.12%	0.14%	0.13%	0.14%	0.13%
EBITDA Growth %	1.07%	-20.93%	0.84%	-25.71%	0.99%	11.28%	0.55%	0.04%	0.1%	-0.03%
D&A (Non-Cash Add-back)	27.63M	32.65M	50.09M	50M	34.4M	30.7M	26.06M	25.64M	24.97M	25.14M
EBIT	-22.18M	-118.98M	-69.53M	-412.32M	-55.87M	16.27M	56.71M	62.49M	-16.57M	79.88M
Net Interest Income+	586K	958K	-17.12M	-18.33M	-17.41M	-23.19M	-26.02M	-9.31M	-1.19M	1.85M
Interest Income	1.05M	1.18M	2.33M	3.19M	4.68M	1.55M	2.34M	2.2M	10.58M	12.9M
Interest Expense	464K	222K	19.46M	21.52M	22.09M	24.74M	28.36M	11.51M	11.77M	11.04M
Other Income/Expense	586K	958K	-17.12M	-18.33M	-38.38M	-31.03M	-31.03M	-9.31M	-98.28M	1.85M
Pretax Income+	-22.65M	-119.44M	-80.9M	-433.83M	-77.96M	-8.46M	25.68M	50.98M	-28.34M	68.83M
Pretax Margin %	-0.05%	-0.36%	-0.17%	-0.8%	-0.19%	-0.02%	0.04%	0.08%	-0.04%	0.1%
Income Tax+	9.33M	2.77M	-36.11M	-26.75M	777K	-73K	-358K	-115.96M	2.03M	-4.88M
Effective Tax Rate %	1.41%	1.02%	0.55%	0.94%	1.01%	0.99%	1.01%	3.27%	1.07%	1.07%
Net Income+	-31.98M	-122.21M	-44.79M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Net Margin %	-0.07%	-0.37%	-0.09%	-0.75%	-0.19%	-0.02%	0.04%	0.26%	-0.05%	0.1%
Net Income Growth %	0.52%	-2.82%	0.63%	-8.09%	0.81%	0.89%	4.1%	5.41%	-1.18%	3.43%
Net Income (Continuing)	-31.98M	-122.21M	-51.4M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.80	-3.11	-1.01	-8.63	-1.66	-0.17	0.49	2.71	-0.56	1.23
EPS Growth %	0.53%	-2.89%	0.68%	-7.54%	0.81%	0.9%	3.88%	4.53%	-1.21%	3.2%
EPS (Basic)	-0.80	-3.11	-1.01	-8.63	-1.66	-0.17	0.53	3.35	-0.56	1.31
Diluted Shares Outstanding	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	53.64M	65.61M	53.77M	61.6M
Basic Shares Outstanding	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	49.07M	49.91M	53.77M	56.43M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	542.13M	501.51M	596.99M	520.08M	475.88M	586.93M	549.39M	668.9M	706.28M	764.53M
Cash & Short-Term Investments	385.28M	344.23M	327.52M	260.46M	244.55M	319.4M	223.93M	302.41M	305.44M	344.31M
Cash Only	269.23M	277.44M	279.74M	212.27M	129.29M	129.63M	119.75M	154.93M	158.78M	145.59M
Short-Term Investments	116.05M	66.79M	47.78M	48.19M	115.25M	189.77M	104.18M	147.49M	146.66M	198.72M
Accounts Receivable	49.52M	58.02M	99.03M	77.2M	71.02M	101.24M	127.9M	140.73M	127.39M	133.94M
Days Sales Outstanding	37.89	63.7	74.56	51.98	61.81	81.36	80.04	79.5	69.77	68.16
Inventory	77.47M	77.06M	120.27M	156.31M	133.07M	145.91M	170.86M	206.91M	237.63M	246.74M
Days Inventory Outstanding	94.32	140.93	146.11	163.78	185.98	204.94	182.88	197.19	227.43	217.9
Other Current Assets	21.7M	13.96M	24.44M	16.68M	12.28M	1.09M	1.07M	18.85M	19.74M	39.54M
Total Non-Current Assets+	348.65M	257.02M	790.29M	380.74M	342.21M	311.13M	349.59M	459.28M	522.76M	487.05M
Property, Plant & Equipment	79.59M	60.65M	85.06M	80.28M	90.16M	75.55M	128.56M	133.75M	142.84M	140.29M
Fixed Asset Turnover	5.99x	5.48x	5.70x	6.75x	4.65x	6.01x	4.54x	4.83x	4.67x	5.11x
Goodwill	114.91M	114.91M	307.13M	184.3M	181.94M	181.94M	181.94M	181.94M	214.96M	214.96M
Intangible Assets	131.67M	58.38M	369.84M	85.15M	61.52M	46.19M	33.91M	23.89M	43.95M	8.83M
Long-Term Investments	21M	21M	21M	21M	0	0	0	0	0	0
Other Non-Current Assets	98K	47K	4.31M	8.13M	7.04M	6.02M	3.55M	3.35M	3.12M	2.77M
Total Assets+	890.79M	758.53M	1.39B	900.82M	818.09M	898.06M	898.98M	1.13B	1.23B	1.25B
Asset Turnover	0.54x	0.44x	0.35x	0.60x	0.51x	0.51x	0.65x	0.57x	0.54x	0.57x
Asset Growth %	-0.04%	-0.15%	0.83%	-0.35%	-0.09%	0.1%	0%	0.25%	0.09%	0.02%
Total Current Liabilities+	162.23M	143.51M	223.46M	160.05M	118.22M	146.68M	189.2M	257.9M	218.03M	192.28M
Accounts Payable	30.07M	22.61M	50.32M	39.61M	21.28M	33.66M	44.46M	52.05M	42.38M	43.52M
Days Payables Outstanding	36.61	41.34	61.13	41.5	29.74	47.27	47.58	49.6	40.56	38.43
Short-Term Debt	340K	368K	0	0	0	0	0	20.17M	0	26.5M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	6.96M	7.09M	130.43M	8.22M	7.23M	2.7M	7.61M	7.07M	25.28M	6.59M
Current Ratio	3.34x	3.49x	2.67x	3.25x	4.03x	4.00x	2.90x	2.59x	3.24x	3.98x
Quick Ratio	2.86x	2.96x	2.13x	2.27x	2.90x	3.01x	2.00x	1.79x	2.15x	2.69x
Cash Conversion Cycle	95.6	163.29	159.54	174.26	218.05	239.03	215.34	227.08	256.64	247.63
Total Non-Current Liabilities+	13.94M	20.43M	323.12M	302.99M	325.35M	343.01M	272.14M	292.45M	338.57M	288.52M
Long-Term Debt	1.19M	826K	275.63M	287.39M	300.07M	321.12M	229.44M	254.49M	274.94M	249.7M
Capital Lease Obligations	0	0	0	0	10.3M	6.3M	32.83M	33.58M	31.53M	34.32M
Deferred Tax Liabilities	11.21M	13.2M	36.84M	5.69M	5.65M	5.24M	4.79M	1.28M	6.55M	689K
Other Non-Current Liabilities	1.54M	6.4M	10.64M	9.91M	9.34M	10.35M	5.08M	3.1M	25.54M	3.82M
Total Liabilities	176.17M	163.94M	546.57M	463.04M	443.58M	489.69M	461.35M	550.36M	556.6M	480.81M
Total Debt+	1.53M	1.19M	275.63M	287.39M	314.56M	331.57M	266.71M	311.57M	310.5M	314.27M
Net Debt	-267.7M	-276.25M	-4.11M	75.12M	185.27M	201.94M	146.96M	156.65M	151.71M	168.68M
Debt / Equity	0.00x	0.00x	0.33x	0.66x	0.84x	0.81x	0.61x	0.54x	0.46x	0.41x
Debt / EBITDA	0.35x	-	-	-	-	6.23x	3.22x	3.63x	3.27x	3.41x
Net Debt / EBITDA	-60.81x	-	-	-	-	3.79x	1.78x	1.82x	1.60x	1.83x
Interest Coverage	-50.07x	-542.35x	-3.28x	-19.31x	-1.79x	0.91x	2.00x	5.24x	5.94x	6.06x
Total Equity+	714.62M	594.6M	840.71M	437.77M	374.51M	408.37M	437.63M	577.82M	672.44M	770.77M
Equity Growth %	-0.03%	-0.17%	0.41%	-0.48%	-0.14%	0.09%	0.07%	0.32%	0.16%	0.15%
Book Value per Share	17.98	15.11	19.03	9.28	7.89	8.44	8.16	8.81	12.51	12.51
Total Shareholders' Equity	714.62M	594.6M	840.71M	437.77M	374.51M	408.37M	437.63M	577.82M	672.44M	770.77M
Common Stock	410K	407K	482K	485K	490K	497K	507K	517K	564K	569K
Retained Earnings	-45.06M	-168.58M	-213.38M	-619.98M	-698.93M	-707.32M	-681.28M	-501.8M	-532.17M	-458.45M
Treasury Stock	-9.22M	-2.31M	-1.28M	-5.87M	0	0	0	0	0	0
Accumulated OCI	1.35M	1.78M	1.81M	1.82M	1.89M	1.85M	1.48M	928K	1.61M	1.52M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	15.79M	-23.84M	34.15M	-37.74M	-7.42M	43.02M	67.74M	108.48M	61.67M	63.81M
Operating CF Margin %	0.03%	-0.07%	0.07%	-0.07%	-0.02%	0.09%	0.12%	0.17%	0.09%	0.09%
Operating CF Growth %	-0.62%	-2.51%	2.43%	-2.11%	0.8%	6.8%	0.57%	0.6%	-0.43%	0.03%
Net Income	-31.98M	-122.21M	-44.79M	-407.09M	-78.73M	-8.39M	26.04M	166.94M	-30.37M	73.71M
Depreciation & Amortization	39.85M	32.65M	50.09M	50M	34.4M	30.7M	26.06M	25.64M	24.97M	25.14M
Stock-Based Compensation	17.99M	15.74M	24.4M	16.07M	15.27M	12.7M	15.25M	22.99M	28.56M	35.88M
Deferred Taxes	2.65M	940K	-33.88M	-27.62M	360K	-299K	-651K	-118.04M	-2.21M	-8.73M
Other Non-Cash Items	-1.09M	69.26M	11.68M	386.93M	38.06M	22.05M	18.83M	962K	99.23M	8.55M
Working Capital Changes	-11.63M	-20.23M	26.64M	-56.04M	-16.77M	-13.74M	-17.78M	9.98M	-58.5M	-70.74M
Change in Receivables	10.71M	-8.67M	4.52M	21.82M	5.8M	-30.36M	-26.66M	-12.83M	13.27M	-6.55M
Change in Inventory	-12.31M	-5.39M	6.34M	-24.68M	14.97M	-11.53M	-24.8M	-37.29M	-35.16M	-8.31M
Change in Payables	9.47M	-24.2M	12.2M	-19.67M	-26.95M	15.96M	20.23M	-13.12M	-8.81M	-338K
Cash from Investing+	-7.08M	46.71M	-357.84M	-18.3M	-75.87M	-71.79M	44.53M	-68.88M	-53.33M	-64.55M
Capital Expenditures	-13.89M	-11.48M	-24.27M	-12.65M	-10.87M	-6.8M	-40.64M	-24.6M	-27.93M	-18.11M
CapEx % of Revenue	0.03%	0.03%	0.05%	0.02%	0.03%	0.01%	0.07%	0.04%	0.04%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.07M	-230K	2.28M	-2.98M	-10.23M	2.7M	-38.92M	-44.28M	0	0
Cash from Financing+	-10.2M	-14.63M	325.94M	-11.46M	126K	29.1M	-122.03M	-4.55M	-4.68M	-12.58M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-3.21M	-2.6M	-8.74M	-3.07M	-2.98M	-12.63M	-9.83M	-8.25M	-11.01M	-17.88M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.9M	-35.32M	9.87M	-50.39M	-18.29M	36.22M	27.1M	83.88M	33.74M	45.7M
FCF Margin %	0%	-0.11%	0.02%	-0.09%	-0.04%	0.08%	0.05%	0.13%	0.05%	0.06%
FCF Growth %	-0.93%	-19.57%	1.28%	-6.1%	0.64%	2.98%	-0.25%	2.1%	-0.6%	0.35%
FCF per Share	0.05	-0.90	0.22	-1.07	-0.39	0.75	0.51	1.28	0.63	0.74
FCF Conversion (FCF/Net Income)	-0.49x	0.20x	-0.76x	0.09x	0.09x	-5.13x	2.60x	0.65x	-2.03x	0.87x
Interest Paid	485K	225K	4.67M	9.71M	9.41M	12.7M	0	10.14M	11.78M	9.5M
Taxes Paid	7.09M	1.67M	1.94M	4.8M	2.93M	329K	0	1.43M	5.09M	3.03M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-4.4%	-18.67%	-6.24%	-63.68%	-19.39%	-2.14%	6.16%	32.88%	-4.86%	10.22%
Return on Invested Capital (ROIC)	-3.8%	-23.6%	-8.28%	-46.18%	-5.53%	2.89%	7.12%	6.86%	6.73%	5.7%
Gross Margin	37.15%	39.96%	38.02%	35.74%	37.72%	42.78%	41.54%	40.73%	42.77%	42.38%
Net Margin	-6.7%	-36.76%	-9.24%	-75.1%	-18.78%	-1.85%	4.46%	25.84%	-4.56%	10.28%
Debt / Equity	0.00x	0.00x	0.33x	0.66x	0.84x	0.81x	0.61x	0.54x	0.46x	0.41x
Interest Coverage	-50.07x	-542.35x	-3.28x	-19.31x	-1.79x	0.91x	2.00x	5.24x	5.94x	6.06x
FCF Conversion	-0.49x	0.20x	-0.76x	0.09x	0.09x	-5.13x	2.60x	0.65x	-2.03x	0.87x
Revenue Growth	21.42%	-30.31%	45.81%	11.83%	-22.64%	8.3%	28.43%	10.78%	3.14%	7.63%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Semiconductor	-	-	-	-	-	165.91M	247.05M	369.37M	412.72M	466.61M
Semiconductor Growth	-	-	-	-	-	-	48.91%	49.51%	11.74%	13.06%
Data Storage	59.67M	52.99M	-	-	-	123.29M	168.76M	87.54M	88.47M	98.85M
Data Storage Growth	-	-11.20%	-	-	-	-	36.88%	-48.13%	1.06%	11.73%
Compound Semiconductor	-	-	-	-	-	107.92M	106.97M	121.19M	87.26M	77.59M
Compound Semiconductor Growth	-	-	-	-	-	-	-0.88%	13.30%	-28.00%	-11.08%
Scientific And Other	-	-	-	-	-	57.04M	-	-	77.98M	74.25M
Scientific And Other Growth	-	-	-	-	-	-	-	-	-	-4.79%
Scientific & Other	-	-	-	-	-	-	60.49M	68.03M	-	-
Scientific & Other Growth	-	-	-	-	-	-	-	12.46%	-	-
Scientific And Industrial	64.3M	74.91M	120.79M	138.75M	159.52M	-	-	-	-	-
Scientific And Industrial Growth	-	16.51%	61.24%	14.87%	14.97%	-	-	-	-	-
Front End Semiconductor	-	-	40.83M	62.58M	120.13M	-	-	-	-	-
Front End Semiconductor Growth	-	-	-	53.27%	91.95%	-	-	-	-	-
Lighting Display And Power Electronics	291.13M	136.25M	-	249.97M	72.79M	-	-	-	-	-
Lighting Display And Power Electronics Growth	-	-53.20%	-	-	-70.88%	-	-	-	-	-
Advanced Packaging Mems And Rf	61.94M	68.3M	69.35M	90.78M	66.91M	-	-	-	-	-
Advanced Packaging Mems And Rf Growth	-	10.28%	1.54%	30.89%	-26.29%	-	-	-	-	-
Led Lighting Display And Compound Semiconductor	-	-	253.78M	-	-	-	-	-	-	-
Led Lighting Display And Compound Semiconductor Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
CHINA	-	-	-	-	-	-	-	-	217.94M	255.62M
CHINA Growth	-	-	-	-	-	-	-	-	-	17.29%
Asia Pacific Excluding China	-	-	-	-	-	177.57M	-	-	208.69M	234.59M
Asia Pacific Excluding China Growth	-	-	-	-	-	-	-	-	-	12.41%
UNITED STATES	-	-	-	-	-	-	217.21M	-	162.79M	164.56M
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	1.09%
EMEA	-	-	-	-	-	-	55.13M	87.84M	76.7M	61.73M
EMEA Growth	-	-	-	-	-	-	-	59.33%	-12.68%	-19.51%
Rest Of World	83.95M	77.57M	205.34M	133.29M	164.76M	528K	308K	1.43M	313K	797K
Rest Of World Growth	-	-7.60%	164.72%	-35.09%	23.61%	-99.68%	-41.67%	363.96%	-78.10%	154.63%
APAC	-	-	-	-	-	-	204.63M	235.74M	-	-
APAC Growth	-	-	-	-	-	-	-	15.20%	-	-
United States	-	-	-	-	-	-	-	197.43M	-	-
United States Growth	-	-	-	-	-	-	-	-	-	-
China	-	-	-	-	-	-	106M	123.7M	-	-
China Growth	-	-	-	-	-	-	-	16.70%	-	-
U	86.63M	85.64M	94.94M	125.66M	126.16M	145.35M	-	-	-	-
U Growth	-	-1.14%	10.86%	32.36%	0.40%	15.21%	-	-	-	-
E M E A	64.02M	83.41M	76.64M	89.1M	57.35M	73.12M	-	-	-	-
E M E A Growth	-	30.29%	-8.12%	16.27%	-35.63%	27.50%	-	-	-	-
C	242.44M	85.83M	107.84M	194.03M	71.08M	57.59M	-	-	-	-
C Growth	-	-64.60%	25.64%	79.92%	-63.37%	-18.98%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Veeco Instruments Inc. (VECO) has a price-to-earnings (P/E) ratio of 27.7x. This suggests investors expect higher future growth.

Growth & Financials

Veeco Instruments Inc. (VECO) reported $681.4M in revenue for fiscal year 2024. This represents a 30% decrease from $979.1M in 2011.

Veeco Instruments Inc. (VECO) grew revenue by 7.6% over the past year. This is steady growth.

Yes, Veeco Instruments Inc. (VECO) is profitable, generating $49.2M in net income for fiscal year 2024 (10.3% net margin).

Dividend & Returns

Veeco Instruments Inc. (VECO) has a return on equity (ROE) of 10.2%. This is reasonable for most industries.

Veeco Instruments Inc. (VECO) generated $54.8M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.