VEECO INSTRUMENTS INC. financials

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VECO CIK 0000103145

Source: EDGAR filings · Built 2026-06-02T04:18:53Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 53.29M 45.70M 33.74M 83.88M 27.10M 36.22M
EBITDA 55.73M 92.12M 94.91M 85.94M 82.77M 53.26M
Working Capital 667.28M 572.25M 488.25M 411.00M 360.18M 440.25M
Net Debt 98.54M 168.68M 151.71M 156.65M 146.96M 201.94M
Gross Margin 39.95% 42.38% 42.77% 40.73% 41.54% 42.78%
Operating Margin 5.38% 9.34% 10.49% 9.33% 9.72% 4.97%
Net Margin 5.33% 10.28% -4.56% 25.84% 4.46% -1.85%
Return on Equity (ROE) 4.00% 9.56% -4.52% 28.89% 5.95% -2.05%
Return on Assets (ROA) 2.67% 5.89% -2.47% 14.80% 2.90% -0.93%
Current Ratio 4.75× 3.98× 3.24× 2.59× 2.90× 4.00×
Debt-to-Equity 0.30× 0.41× 0.46× 0.54× 0.61× 0.81×
Effective Tax Rate 10.15% -7.09% -7.16% -227.43% -1.39% 0.86%
Cash Conversion Ratio 1.96× 0.87× -2.03× 0.65× 2.60× -5.13×
Accruals Ratio -0.03× 0.01× -0.07× 0.05× -0.05× -0.06×
SBC % of Revenue 5.58% 5.00% 4.29% 3.56% 2.61% 2.80%
CapEx Coverage 4.29× 3.52× 2.21× 4.41× 1.67× 6.32×
Free Cash Flow Per Share $0.88 $0.74 $0.63 $1.28 $0.51 $0.75

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 48.44× 21.79× — 6.86× 58.10× —
P/FCF 32.50× 36.12× 49.44× 14.53× 56.35× 23.18×
FCF Yield 3.08% 2.77% 2.02% 6.88% 1.77% 4.31%
EV / EBITDA 32.74× 18.36× 20.03× 12.99× 19.20× 20.00×
P/S 2.60× 2.12× 2.62× 1.49× 2.47× 1.90×
P/B 1.95× 1.98× 2.60× 1.66× 3.30× 2.11×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cost of Goods and Services Sold 398.88M 413.30M 381.38M 382.99M 341.00M 259.86M
Gross Profit 265.41M 304.00M 285.06M 263.15M 242.27M 194.30M
Research and Development Expense 119.64M 124.51M 112.85M 103.56M 88.68M 78.99M
Selling, General and Administrative Expense 98.91M 99.66M 92.76M 88.95M 84.54M 76.25M
Operating Expenses 229.70M 237.02M 215.12M 202.85M 185.56M 171.74M
Operating Income (Loss) 35.71M 66.98M 69.94M 60.30M 56.71M 22.57M
Income Tax Expense (Benefit) 4.00M -4.88M 2.03M -115.96M -358.00K -73.00K
Net Income (Loss) Attributable to Parent 35.39M 73.71M -30.37M 166.94M 26.04M -8.39M
Earnings Per Share, Basic $0.60 $1.31 $-0.56 $3.35 $0.53 $-0.17
Weighted Average Number of Shares Outstanding, Basic 59.30M 56.43M 53.77M 49.91M 49.07M 48.36M
Earnings Per Share, Diluted $0.59 $1.23 $-0.56 $2.71 $0.49 $-0.17
Weighted Average Number of Shares Outstanding, Diluted 60.59M 61.60M 53.77M 65.61M 53.64M 48.36M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 163.47M 145.59M 158.78M 154.93M 119.75M 129.63M
Assets, Current 845.34M 764.53M 706.28M 668.90M 549.39M 586.93M
Assets 1.33B 1.25B 1.23B 1.13B 898.98M 898.06M
Long-term Debt 226.01M 276.20M 274.94M 274.66M 229.44M 321.12M
Liabilities, Current 178.06M 192.28M 218.03M 257.90M 189.20M 146.68M
Long-term Debt, Excluding Current Maturities 226.01M 249.70M 274.94M 254.49M 229.44M 321.12M
Liabilities 440.29M 480.81M 556.60M 550.36M 461.35M 489.69M
Stockholders' Equity Attributable to Parent 885.51M 770.77M 672.44M 577.82M 437.63M 408.37M
Common Stock, Shares, Outstanding 60.39M 56.83M 56.36M 51.66M 50.65M 49.72M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 69.49M 63.81M 61.67M 108.48M 67.74M 43.02M
Payments to Acquire Property, Plant, and Equipment 16.20M 18.11M 27.93M 24.60M 40.64M 6.80M
Net Cash Provided by (Used in) Investing Activities -41.48M -64.55M -53.33M -68.88M 44.53M -71.79M
Net Cash Provided by (Used in) Financing Activities -10.47M -12.58M -4.68M -4.55M -122.03M 29.10M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (VECO CIK 0000103145), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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