Last 48 quarters of trend data · Technology · Semiconductors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 135.00 | — | 394.75 | 44.75 | 25.40 | 25.10 | 25.77 | 23.01 | 46.71 | 23.76 | 21.55 | 16.73 | — |
| — | — | +1431.9% | +94.5% | -45.6% | +5.6% | +19.6% | +37.5% | — | -23.5% | +832.5% | -1.4% | — | |
| P/S Ratio | 7.32 | 3.23 | 2.62 | 2.80 | 1.84 | 1.81 | 2.23 | 2.81 | 4.15 | 3.06 | 2.67 | 2.36 | 2.10 |
| — | +78.7% | +17.9% | -0.5% | -55.6% | -41.0% | -16.6% | +18.8% | +97.8% | +48.7% | +34.5% | +36.1% | +19.4% | |
| P/B Ratio | 5.45 | 2.31 | 1.96 | 2.12 | 1.43 | 1.49 | 2.10 | 2.78 | 4.09 | 3.11 | 2.76 | 2.60 | 2.22 |
| — | +55.4% | -7.0% | -23.9% | -65.0% | -52.0% | -23.8% | +6.9% | +84.4% | +43.8% | +30.7% | -3.9% | -19.2% | |
| P/FCF | 106.37 | 180.58 | 19.99 | 35.79 | 56.18 | 22.84 | 17.47 | 38.09 | 132.72 | 158.49 | 24.70 | 635.95 | 46.32 |
| — | +690.5% | +14.5% | -6.0% | -57.7% | -85.6% | -29.3% | -94.0% | +186.6% | +249.5% | +145.1% | +8607.1% | — | |
| EV / EBITDA | 127.58 | — | 53.01 | 30.93 | 18.57 | 17.23 | 45.38 | 18.26 | 32.81 | 19.98 | 16.44 | 16.07 | 18.74 |
| — | — | +16.8% | +69.4% | -43.4% | -13.7% | +176.0% | +13.6% | +75.1% | -9.2% | -4.8% | +15.2% | +7.6% | |
| EV / EBIT | 138.79 | — | 219.28 | 34.26 | 21.76 | 18.90 | 62.73 | 20.21 | 38.58 | 22.40 | 18.42 | 18.10 | — |
| — | — | +249.6% | +69.5% | -43.6% | -15.6% | +240.5% | +11.7% | — | -24.8% | -21.2% | -1.6% | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Veeco Instruments Inc.'s operating margin was -1.7% in Q1 2026, down 0.8 pp QoQ and down 10.1 pp YoY. This marks the 5th consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. The trailing four-quarter average of 2.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 13.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0% | 35.3% | 37.1% | 40.3% | 41.4% | 40.9% | 40.6% | 42.9% | 42.9% | 43.2% | 45.2% | 43.3% | 41.8% |
| — | -13.9% | -8.6% | -5.9% | -3.5% | -5.3% | -10.2% | -1.1% | +2.6% | +7.0% | +10.5% | +6.5% | +6.6% | |
| Operating Margin | 5.4% | -1.7% | -0.9% | 6.4% | 7.4% | 8.5% | 2.1% | 13.2% | 9.5% | 12.6% | 13.9% | 12.6% | 8.5% |
| — | -119.8% | -142.4% | -51.1% | -21.7% | -33.1% | -84.7% | +4.9% | +12.3% | +97.8% | +59.7% | +22.9% | +8.3% | |
| Net Margin | 5.3% | -0.2% | 0.7% | 6.4% | 7.1% | 7.1% | 8.2% | 11.9% | 8.5% | 12.5% | 12.4% | 13.9% | -52.8% |
| — | -102.9% | -91.8% | -46.2% | -16.9% | -43.0% | -34.0% | -14.3% | +116.1% | +120.0% | -85.2% | +58.4% | -996.6% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | -0.0% | 0.1% | 1.2% | 1.4% | 1.5% | 2.0% | 3.0% | 2.1% | 3.2% | 3.3% | 3.9% | -14.2% |
| — | -102.4% | -93.6% | -59.3% | -34.0% | -53.0% | -40.0% | -23.2% | +115.0% | +113.8% | -87.0% | +12.0% | -707.9% | |
| ROA | 2.7% | -0.0% | 0.1% | 0.8% | 0.9% | 0.9% | 1.2% | 1.8% | 1.2% | 1.8% | 1.7% | 2.0% | -7.1% |
| — | -102.6% | -92.8% | -52.8% | -24.1% | -46.8% | -32.2% | -11.9% | +117.0% | +133.0% | -85.6% | +26.3% | -777.6% | |
| ROIC | 2.8% | -0.2% | -0.1% | 0.9% | 1.0% | 1.1% | 0.3% | 2.1% | 1.5% | 2.0% | 2.2% | 2.2% | 1.4% |
| — | -118.0% | -136.7% | -59.0% | -33.0% | -43.2% | -85.8% | -3.8% | +7.6% | +100.7% | +46.4% | -1.7% | -13.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.29 | 0.30 | 0.31 | 0.35 | 0.41 | 0.42 | 0.44 | 0.45 | 0.46 | 0.48 | 0.51 |
| — | -17.7% | -28.6% | -28.8% | -30.1% | -21.5% | -11.7% | -12.8% | -13.4% | -9.5% | -14.4% | -31.3% | -31.2% | |
| Debt / EBITDA | 6.64 | — | 29.94 | 16.87 | 15.04 | 14.99 | 31.87 | 10.30 | 13.47 | 10.90 | 10.17 | 10.90 | 15.66 |
| — | — | -6.1% | +63.9% | +11.7% | +37.5% | +213.4% | -5.6% | -14.0% | -39.9% | -34.9% | -15.7% | -2.4% | |
| Current Ratio | 4.75 | 4.23 | 4.75 | 5.36 | 5.10 | 4.44 | 3.98 | 3.54 | 3.52 | 3.05 | 3.24 | 2.69 | 2.51 |
| — | -4.9% | +19.4% | +51.6% | +44.9% | +45.5% | +22.7% | +31.4% | +40.2% | +26.9% | +24.9% | +7.8% | -11.6% | |
| Quick Ratio | 3.20 | 2.86 | 3.20 | 3.53 | 3.43 | 3.02 | 2.69 | 2.41 | 2.32 | 2.02 | 2.15 | 1.75 | 1.65 |
| — | -5.4% | +18.9% | +46.5% | +48.0% | +49.9% | +25.3% | +37.8% | +40.9% | +29.0% | +20.0% | -1.4% | -16.1% | |
| Interest Coverage | 5.31 | -2.26 | 0.96 | 6.49 | 6.51 | 6.98 | 2.57 | 9.56 | 7.17 | 9.69 | 8.89 | 9.11 | -26.53 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VECO stock.
Veeco Instruments Inc.'s current P/E is 135.0x. The average P/E over the last 3 quarters is 155.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Veeco Instruments Inc.'s current operating margin is 5.4%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Veeco Instruments Inc.'s business trajectory between earnings reports.