Last 48 quarters of trend data · Technology · Semiconductor Equipment & Materials
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 93.61 | 61.79 | 105.28 | — | 394.75 | 44.75 | 25.40 | 25.10 | 25.77 | 23.01 | 46.71 | 23.76 | 21.55 | 16.73 | — | 31.07 | 2.31 | 16.96 | 26.94 | 28.32 | 47.45 |
| — | +38.1% | +314.5% | — | +1431.9% | +94.5% | -45.6% | +5.6% | +19.6% | +37.5% | — | -23.5% | +832.5% | -1.4% | — | +9.7% | -95.1% | -48.1% | -46.2% | -72.7% | — | |
| P/S Ratio | 3.13 | 4.10 | 6.54 | 3.23 | 2.62 | 2.80 | 1.84 | 1.81 | 2.23 | 2.81 | 4.15 | 3.06 | 2.67 | 2.36 | 2.10 | 2.06 | 1.98 | 1.74 | 1.76 | 2.84 | 2.56 |
| — | +46.7% | +255.0% | +78.7% | +17.9% | -0.5% | -55.6% | -41.0% | -16.6% | +18.8% | +97.8% | +48.7% | +34.5% | +36.1% | +19.4% | -27.4% | -22.4% | -12.8% | -20.6% | +37.9% | +69.3% | |
| P/B Ratio | 2.54 | 3.72 | 5.61 | 2.31 | 1.96 | 2.12 | 1.43 | 1.49 | 2.10 | 2.78 | 4.09 | 3.11 | 2.76 | 2.60 | 2.22 | 2.16 | 2.11 | 2.71 | 2.74 | 4.40 | 3.57 |
| — | +75.5% | +292.2% | +55.4% | -7.0% | -23.9% | -65.0% | -52.0% | -23.8% | +6.9% | +84.4% | +43.8% | +30.7% | -3.9% | -19.2% | -50.9% | -40.9% | -1.5% | -10.4% | +64.9% | +73.9% | |
| P/FCF | 18.04 | 16.02 | 26.52 | 180.58 | 19.99 | 35.79 | 56.18 | 22.84 | 17.47 | 38.09 | 132.72 | 158.49 | 24.70 | 635.95 | 46.32 | 45.35 | 10.08 | 7.30 | — | 32.00 | 49.47 |
| — | -55.3% | -52.8% | +690.5% | +14.5% | -6.0% | -57.7% | -85.6% | -29.3% | -94.0% | +186.6% | +249.5% | +145.1% | +8607.1% | — | +41.7% | -79.6% | -81.6% | — | -0.8% | +182.0% | |
| EV / EBITDA | 52.02 | 45.91 | 76.16 | 84.85 | 131.11 | 30.87 | 18.57 | 17.23 | 45.38 | 18.26 | 32.81 | 19.98 | 16.44 | 16.07 | 18.74 | 22.01 | 17.27 | 13.94 | 17.41 | 21.51 | 17.79 |
| — | +48.7% | +310.1% | +392.4% | +188.9% | +69.1% | -43.4% | -13.7% | +176.0% | +13.6% | +75.1% | -9.2% | -4.8% | +15.2% | +7.6% | +2.3% | -2.9% | -11.4% | -11.1% | +5.8% | +24.9% | |
| EV / EBIT | 66.33 | 48.35 | 107.67 | 860.67 | 219.78 | 34.26 | 21.76 | 18.90 | 62.73 | 20.21 | 38.58 | 22.40 | 18.42 | 18.10 | — | 29.80 | 23.39 | 18.39 | 25.82 | 29.48 | 29.52 |
| — | +41.1% | +394.8% | +4454.4% | +250.4% | +69.5% | -43.6% | -15.6% | +240.5% | +11.7% | — | -24.8% | -21.2% | -1.6% | — | +1.1% | -20.8% | -15.7% | -9.9% | -14.7% | -33.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.0% | 38.4% | 38.7% | 34.8% | 37.1% | 40.3% | 41.4% | 40.9% | 40.6% | 42.9% | 42.9% | 43.2% | 45.2% | 43.3% | 41.8% | 40.4% | 40.9% | 40.7% | 39.2% | 42.2% | 41.9% |
| — | -4.8% | -6.5% | -14.9% | -8.6% | -5.9% | -3.5% | -5.3% | -10.2% | -1.1% | +2.6% | +7.0% | +10.5% | +6.5% | +6.6% | -4.3% | -2.3% | -3.2% | -4.7% | +2.8% | +2.3% | |
| Operating Margin | 5.4% | 6.7% | 6.1% | 0.8% | -0.9% | 6.4% | 7.4% | 8.5% | 2.1% | 13.2% | 9.5% | 12.6% | 13.9% | 12.6% | 8.5% | 6.4% | 8.7% | 10.2% | 7.8% | 10.6% | 11.5% |
| — | +4.6% | -17.7% | -90.8% | -142.4% | -51.1% | -21.7% | -33.1% | -84.7% | +4.9% | +12.3% | +97.8% | +59.7% | +22.9% | +8.3% | -39.5% | -24.4% | -6.5% | -13.7% | +50.0% | +50.9% | |
| Net Margin | 5.3% | 6.5% | 6.1% | -0.2% | 0.7% | 6.4% | 7.1% | 7.1% | 8.2% | 11.9% | 8.5% | 12.5% | 12.4% | 13.9% | -52.8% | 5.7% | 83.8% | 8.7% | 5.9% | 8.5% | 5.4% |
| — | +1.9% | -13.2% | -102.9% | -91.8% | -46.2% | -16.9% | -43.0% | -34.0% | -14.3% | +116.1% | +120.0% | -85.2% | +58.4% | -996.6% | -33.2% | +1463.1% | +46.2% | +35.7% | +356.9% | +7476.1% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.3% | 1.5% | 1.3% | -0.0% | 0.1% | 1.2% | 1.4% | 1.5% | 2.0% | 3.0% | 2.1% | 3.2% | 3.3% | 3.9% | -14.2% | 1.5% | 25.3% | 3.5% | 2.3% | 3.2% | 1.9% |
| — | +22.0% | -5.6% | -102.4% | -93.6% | -59.3% | -34.0% | -53.0% | -40.0% | -23.2% | +115.0% | +113.8% | -87.0% | +12.0% | -707.9% | -52.6% | +1246.4% | +66.7% | +54.3% | +421.5% | +7617.6% | |
| ROA | 2.7% | 0.9% | 0.9% | -0.0% | 0.1% | 0.8% | 0.9% | 0.9% | 1.2% | 1.8% | 1.2% | 1.8% | 1.7% | 2.0% | -7.1% | 0.8% | 12.1% | 1.6% | 1.1% | 1.5% | 0.9% |
| — | +13.0% | -6.8% | -102.6% | -92.8% | -52.8% | -24.1% | -46.8% | -32.2% | -11.9% | +117.0% | +133.0% | -85.6% | +26.3% | -777.6% | -48.0% | +1303.0% | +72.5% | +59.0% | +441.5% | +7754.0% | |
| ROIC | 2.8% | 1.1% | 0.9% | 0.1% | -0.1% | 0.9% | 1.0% | 1.1% | 0.3% | 2.1% | 1.5% | 2.0% | 2.2% | 2.2% | 1.4% | 1.0% | 1.5% | 2.2% | 1.6% | 2.1% | 2.1% |
| — | +28.5% | -7.0% | -91.7% | -136.6% | -59.0% | -33.0% | -43.2% | -85.8% | -3.8% | +7.6% | +100.7% | +46.4% | -1.7% | -13.4% | -52.7% | -27.0% | +21.1% | +5.1% | +86.1% | +56.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.28 | 0.28 | 0.30 | 0.30 | 0.30 | 0.31 | 0.35 | 0.41 | 0.42 | 0.44 | 0.45 | 0.46 | 0.48 | 0.51 | 0.50 | 0.54 | 0.70 | 0.74 | 0.77 | 0.61 |
| — | -5.2% | -7.2% | -16.4% | -27.4% | -28.8% | -30.1% | -21.5% | -11.7% | -12.8% | -13.4% | -9.5% | -14.4% | -31.3% | -31.2% | -35.3% | -11.5% | -16.6% | -14.1% | -11.9% | -24.9% | |
| Debt / EBITDA | 4.70 | 13.81 | 15.34 | 41.71 | 75.07 | 16.84 | 15.04 | 14.99 | 31.87 | 10.30 | 13.47 | 10.90 | 10.17 | 10.90 | 15.66 | 18.14 | 15.63 | 12.94 | 16.04 | 13.65 | 11.09 |
| — | -18.0% | +2.0% | +178.4% | +135.6% | +63.6% | +11.7% | +37.5% | +213.4% | -5.6% | -14.0% | -39.9% | -34.9% | -15.7% | -2.4% | +32.9% | +40.9% | -19.1% | -12.9% | -38.5% | -38.9% | |
| Current Ratio | 4.75 | 3.87 | 3.93 | 4.23 | 4.75 | 5.36 | 5.10 | 4.44 | 3.98 | 3.54 | 3.52 | 3.05 | 3.24 | 2.69 | 2.51 | 2.41 | 2.59 | 2.50 | 2.84 | 2.58 | 2.90 |
| — | -27.8% | -23.0% | -4.9% | +19.4% | +51.6% | +44.9% | +45.5% | +22.7% | +31.4% | +40.2% | +26.9% | +24.9% | +7.8% | -11.6% | -6.8% | -10.7% | -28.5% | -20.1% | -31.6% | -27.4% | |
| Quick Ratio | 3.20 | 2.69 | 2.69 | 2.86 | 3.20 | 3.53 | 3.43 | 3.02 | 2.69 | 2.41 | 2.32 | 2.02 | 2.15 | 1.75 | 1.65 | 1.56 | 1.79 | 1.78 | 1.96 | 1.77 | 2.00 |
| — | -23.7% | -21.6% | -5.4% | +18.9% | +46.5% | +48.0% | +49.9% | +25.3% | +37.8% | +40.9% | +29.0% | +20.0% | -1.4% | -16.1% | -11.8% | -10.5% | -31.1% | -25.9% | -37.2% | -33.5% | |
| Interest Coverage | 5.31 | 8.34 | 5.48 | 0.29 | 0.96 | 6.49 | 6.51 | 6.98 | 2.57 | 9.56 | 7.17 | 9.69 | 8.89 | 9.11 | -26.53 | 4.13 | 5.10 | 6.28 | 4.58 | 5.74 | 1.89 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying VECO stock.
Veeco Instruments Inc.'s current P/E is 93.6x. The average P/E over the last 3 quarters is 187.3x. 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 expanding 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.