Veeco Instruments Inc. | Small-cap | Technology
$25.27
5.29%
| Veeco Instruments Stock Comparison:
Veeco Instruments vs Applied MaterialsVeeco Instruments vs Lam ResearchVeeco Instruments vs Kulicke & SoffaVeeco Instruments vs Acm ResearchVeeco Instruments vs PhotronicsVeeco Instruments vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 166.1M
Gross Profit 68.7M 41.38%
Operating Income 12.4M 7.45%
Net Income 11.7M 7.06%
EPS (Diluted) $0.20

Balance Sheet Metrics

Total Assets 1.3B
Total Liabilities 467.0M
Shareholders Equity 811.9M
Debt to Equity 0.58

Cash Flow Metrics

Operating Cash Flow 552.0K
Free Cash Flow 13.2M

Revenue & Profitability Trend

Veeco Instruments Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i717.3M666.4M646.1M583.3M454.2M
Cost of Goods Sold i413.3M381.4M383.0M341.0M259.9M
Gross Profit i304.0M285.1M263.1M242.3M194.3M
Gross Margin % i42.4%42.8%40.7%41.5%42.8%
Operating Expenses
Research & Development i124.5M112.9M103.6M88.7M79.0M
Selling, General & Administrative i99.7M92.8M89.0M84.5M76.3M
Other Operating Expenses i-22.3M1.0M317.0K68.0K-221.0K
Total Operating Expenses i201.9M206.6M192.8M173.3M155.0M
Operating Income i95.1M69.9M60.3M56.7M23.9M
Operating Margin % i13.3%10.5%9.3%9.7%5.3%
Non-Operating Items
Interest Income i12.9M10.6M2.2M2.3M1.6M
Interest Expense i11.0M11.8M11.5M28.4M24.7M
Other Non-Operating Income-28.1M-97.1M--5.0M-9.2M
Pre-tax Income i68.8M-28.3M51.0M25.7M-8.5M
Income Tax i-4.9M2.0M-116.0M-358.0K-73.0K
Effective Tax Rate % i-7.1%0.0%-227.4%-1.4%0.0%
Net Income i73.7M-30.4M166.9M26.0M-8.4M
Net Margin % i10.3%-4.6%25.8%4.5%-1.8%
Key Metrics
EBITDA i133.2M8.4M88.1M80.1M48.4M
EPS (Basic) i$1.31$-0.56$3.35$0.53$-0.17
EPS (Diluted) i$1.23$-0.56$2.71$0.49$-0.17
Basic Shares Outstanding i5642600053769000499060004907300048362000
Diluted Shares Outstanding i5642600053769000499060004907300048362000

Income Statement Trend

Veeco Instruments Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i145.6M158.8M154.9M119.7M129.6M
Short-term Investments i198.7M146.7M147.5M104.2M189.8M
Accounts Receivable i96.8M103.0M124.2M109.6M80.0M
Inventory i246.7M237.6M206.9M170.9M145.9M
Other Current Assets39.3M35.5M18.3M26.0M19.3M
Total Current Assets i764.5M706.3M668.9M549.4M586.9M
Non-Current Assets
Property, Plant & Equipment i26.5M24.4M26.5M28.8M10.3M
Goodwill i438.8M473.9M387.8M397.8M410.1M
Intangible Assets i8.8M43.9M23.9M33.9M46.2M
Long-term Investments-----
Other Non-Current Assets123.0M121.0M119.7M5.2M7.5M
Total Non-Current Assets i487.0M522.8M459.3M349.6M311.1M
Total Assets i1.3B1.2B1.1B899.0M898.1M
Liabilities
Current Liabilities
Accounts Payable i43.5M42.4M52.0M44.5M33.7M
Short-term Debt i30.3M4.0M23.5M4.4M4.1M
Current Portion of Long-term Debt-----
Other Current Liabilities6.6M11.6M7.1M7.6M2.7M
Total Current Liabilities i192.3M218.0M257.9M189.2M146.7M
Non-Current Liabilities
Long-term Debt i284.0M306.5M288.1M262.3M327.4M
Deferred Tax Liabilities i689.0K6.6M1.3M4.8M5.2M
Other Non-Current Liabilities3.8M25.5M3.1M5.1M10.3M
Total Non-Current Liabilities i288.5M338.6M292.5M272.1M343.0M
Total Liabilities i480.8M556.6M550.4M461.3M489.7M
Equity
Common Stock i569.0K564.0K517.0K507.0K497.0K
Retained Earnings i-458.5M-532.2M-501.8M-681.3M-707.3M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i770.8M672.4M577.8M437.6M408.4M
Key Metrics
Total Debt i314.3M310.5M311.6M266.7M331.6M
Working Capital i572.2M488.2M411.0M360.2M440.2M

Balance Sheet Composition

Veeco Instruments Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i73.7M-30.4M166.9M26.0M-8.4M
Depreciation & Amortization i25.1M25.0M25.6M26.1M30.7M
Stock-Based Compensation i35.9M28.6M23.0M15.2M12.7M
Working Capital Changes i-65.7M-33.6M15.4M-45.6M-27.1M
Operating Cash Flow i40.4M-10.9M113.9M34.9M21.4M
Investing Activities
Capital Expenditures i-----
Acquisitions i0-30.4M000
Investment Purchases i-202.7M-177.9M-104.0M-247.3M-248.0M
Investment Sales i154.2M182.9M59.7M330.7M173.5M
Investing Cash Flow i-46.4M-25.4M-44.3M85.2M-65.0M
Financing Activities
Share Repurchases i----0
Dividends Paid i-----
Debt Issuance i0223.2M00120.1M
Debt Repayment i0-219.0M0-115.6M-81.2M
Financing Cash Flow i-17.9M-9.3M-8.2M-241.0M26.2M
Free Cash Flow i45.7M33.7M83.9M27.1M36.2M
Net Change in Cash i-23.9M-45.6M61.4M-121.0M-17.4M

Cash Flow Trend

Veeco Instruments Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 23.81
Forward P/E 13.65
Price to Book 1.71
Price to Sales 2.09
PEG Ratio -0.92

Profitability Ratios

Profit Margin 8.65%
Operating Margin 7.45%
Return on Equity 7.71%
Return on Assets 3.07%

Financial Health

Current Ratio 5.10
Debt to Equity 30.69
Beta 1.12

Per Share Data

EPS (TTM) $1.02
Book Value per Share $14.23
Revenue per Share $12.17

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
veco1.5B23.811.717.71%8.65%30.69
Applied Materials 131.7B19.596.7235.63%23.88%32.11
Lam Research 125.1B23.8212.7258.24%29.07%48.23
Kulicke & Soffa 1.9B406.672.290.66%0.90%4.34
Acm Research 1.6B15.171.6412.68%13.76%24.12
Photronics 1.3B10.911.1211.93%14.00%0.00

Financial data is updated regularly. All figures are in the company's reporting currency.