Veeco Instruments Inc
VECO Nasdaq· Special Industry Machinery, Nec
Last close · Oct 23, 2026
$42.06
KIRA · Stoqly’s AI analyst, in plain words
- Veeco Instruments Inc had $664M of revenue in fiscal 2025, down 7.4% on the year before. Over five years, revenue changed +7.9% a year on average.
- Its operating margin was 5.4%, down 4.0 pts: of every 100 in sales, about 5 is left after running the business.
- Veeco Instruments Inc made $35.4M of net profit in fiscal 2025.
- Free cash flow was $53.3M in fiscal 2025, 8.0% of revenue.
- Veeco Instruments Inc has $164M more cash than debt.
Market cap
$2.8B
P/E
116.8x
Revenue
$664M
Net income
$35.4M
Free cash flow
$53.3M
Operating margin
5.4%
Veeco Instruments Inc in 30 seconds · fiscal 2025
Are sales growing?
−7.4%
No. Sales fell 7.4% last year.
Does it make a profit?
5.3%
A little. It keeps 5.3% of every sale as profit.
Does profit turn into cash?
8.0%
Partly. 8.0% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
116.8x
One share costs 116.8 times its yearly profit per share.
What Veeco Instruments Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 25, 2026
- Legal name
- VEECO INSTRUMENTS INC
- CIK
- 0000103145
Veeco Instruments Inc · VECO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $583M | $646M | $666M | $717M | $664M |
| Revenue growth | 28.4% | 10.8% | 3.1% | 7.6% | −7.4% |
| Gross margin | 41.5% | 40.7% | 42.8% | 42.4% | 40.0% |
| Operating margin | 9.7% | 9.3% | 10.5% | 9.3% | 5.4% |
| Net income | $26.0M | $167M | −$30.4M | $73.7M | $35.4M |
| Net margin | 4.5% | 25.8% | −4.6% | 10.3% | 5.3% |
| Diluted EPS | $0.49 | $2.71 | −$0.56 | $1.23 | $0.59 |
| Cash | |||||
| Cash from operations | $67.7M | $108M | $61.7M | $63.8M | $69.5M |
| Capital expenditure | $40.6M | $24.6M | $27.9M | $18.1M | $16.2M |
| Free cash flow | $27.1M | $83.9M | $33.7M | $45.7M | $53.3M |
| FCF margin | 4.6% | 13.0% | 5.1% | 6.4% | 8.0% |
| Share count change | 10.9% | 22.3% | −18.0% | 14.6% | −1.6% |
| Debt and strength | |||||
| Cash and short-term investments | $224M | $302M | $305M | $344M | $390M |
| Debt incl. finance leases | $229M | $275M | $275M | $276M | $226M |
| Shareholders' equity | $438M | $578M | $672M | $771M | $886M |
| Net debt / EBITDA | 0.1x | −0.3x | −0.3x | −0.7x | −2.9x |
| Current ratio | 2.9x | 2.6x | 3.2x | 4.0x | 4.7x |
| Interest coverage | 2.0x | 5.2x | 5.9x | 6.1x | 3.9x |
| Returns and quality | |||||
| Return on capital | 12.8% | 11.0% | 8.6% | 9.5% | 4.4% |
| Return on equity | 6.2% | 32.9% | −4.9% | 10.2% | 4.3% |
| Return on tangible equity | 11.7% | 44.9% | −7.3% | 13.5% | 5.3% |
| Piotroski F-score | 6 | 4 | 6 | 6 | 6 |
| Altman Z'' | 1.6 | 2.4 | 2.8 | 3.8 | 4.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$37.6M
7 insiders
Of sales under plans
50%
$18.7M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Veeco Instruments Inc · VECO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $42.06 a share, the company is worth $2.8B: 116.8 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000103145). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.