Veeco Instruments (VECO) Financials

$19.57 -0.10 (-0.49%)

As of 11:29 AM Eastern

Annual Income Statements for Veeco Instruments

This table shows Veeco Instruments' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-67	-32	-122	-51	-407	-79	-8.39	26	167	-30	74
Consolidated Net Income / (Loss)	-67	-32	-122	-51	-407	-79	-8.39	26	167	-30	74
Net Income / (Loss) Continuing Operations	-67	-32	-122	-51	-407	-79	-8.39	26	167	-30	74
Total Pre-Tax Income	-78	-23	-119	-89	-434	-78	-8.46	26	51	-28	69
Total Operating Income	-79	-23	-120	-72	-416	-40	23	57	60	70	67
Total Gross Profit	135	177	133	176	194	158	194	242	263	285	304
Total Revenue	393	477	332	476	542	419	454	583	646	666	717
Operating Revenue	393	477	332	476	542	419	454	583	646	666	717
Total Cost of Revenue	258	300	199	299	348	261	260	341	383	381	413
Operating Cost of Revenue	258	300	199	299	348	261	260	341	383	381	413
Total Operating Expenses	214	200	253	248	609	198	172	186	203	215	237
Selling, General & Admin Expense	90	90	78	100	92	80	76	85	89	93	100
Research & Development Expense	81	79	81	82	98	91	79	89	104	113	125
Amortization Expense	13	28	19	35	32	17	15	12	10	8.48	6.98
Other Operating Expenses / (Income)	-3.18	-0.70	0.22	-0.39	0.37	-0.04	-0.22	0.07	0.32	1.03	-22
Impairment Charge	58	0.13	70	1.14	375	4.02	0.28	-	0.00	0.00	28
Total Other Income / (Expense), net	0.86	0.59	0.96	-17	-18	-38	-31	-31	-9.31	-98	1.85
Interest Expense	0.72	0.46	0.22	19	22	22	25	28	12	12	11
Interest & Investment Income	1.57	1.05	1.18	2.34	3.19	4.68	1.55	2.34	2.20	11	13
Other Income / (Expense), net	-	-	-	-	0.00	-21	-7.84	-5.01	0.00	-97	0.00
Income Tax Expense	-11	9.33	2.82	-38	-27	0.78	-0.07	-0.36	-116	2.03	-4.88
Basic Earnings per Share	($1.70)	($0.80)	($3.10)	($1.16)	($8.63)	($1.66)	($0.17)	$0.53	$3.35	($0.56)	$1.31
Weighted Average Basic Shares Outstanding	39.35M	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	49.07M	49.91M	53.77M	56.43M
Diluted Earnings per Share	($1.70)	($0.80)	($3.10)	($1.16)	($8.63)	($1.66)	($0.17)	$0.49	$2.71	($0.56)	$1.23
Weighted Average Diluted Shares Outstanding	39.35M	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	53.64M	65.61M	53.77M	61.60M
Weighted Average Basic & Diluted Shares Outstanding	39.40M	40M	39.30M	44.30M	47.20M	49.00M	49.72M	50.65M	51.66M	56.37M	57.94M

This table shows Veeco Instruments' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	15	129	8.74	-85	25	22	22	15	22	15
Consolidated Net Income / (Loss)	15	129	8.74	-85	25	22	22	15	22	15
Net Income / (Loss) Continuing Operations	15	129	8.74	-85	25	22	22	15	22	15
Total Pre-Tax Income	15	12	9.00	-84	23	24	23	17	25	4.36
Total Operating Income	18	13	9.81	14	22	24	22	17	24	3.88
Total Gross Profit	70	63	62	68	77	79	75	75	79	74
Total Revenue	172	154	154	162	177	174	174	176	185	182
Operating Revenue	172	154	154	162	177	174	174	176	185	182
Total Cost of Revenue	102	91	91	94	100	95	99	100	106	108
Operating Cost of Revenue	102	91	91	94	100	95	99	100	106	108
Total Operating Expenses	52	50	52	54	55	54	53	59	55	70
Selling, General & Admin Expense	22	21	23	24	23	23	25	25	25	25
Research & Development Expense	27	26	28	27	29	29	30	32	32	31
Amortization Expense	2.51	2.50	2.11	2.12	2.12	2.12	1.89	1.83	1.69	1.58
Other Operating Expenses / (Income)	0.63	-0.27	-0.09	0.49	0.86	-0.24	-2.86	0.55	-4.32	-16
Total Other Income / (Expense), net	-2.32	-1.56	-0.80	-98	0.25	-	0.71	0.35	0.32	0.48
Interest Expense	2.89	2.88	2.88	3.05	2.78	3.07	2.62	2.77	2.88	2.78
Interest & Investment Income	0.57	1.33	2.07	2.42	3.02	3.07	3.32	3.12	3.20	3.26
Income Tax Expense	0.21	-117	0.26	1.29	-2.06	2.55	0.90	2.13	2.71	-11
Basic Earnings per Share	$0.30	$2.59	$0.17	($1.61)	$0.44	$0.44	$0.39	$0.27	$0.39	$0.26
Weighted Average Basic Shares Outstanding	49.89M	49.91M	50.56M	52.86M	55.35M	53.77M	55.97M	56.28M	56.41M	56.43M
Diluted Earnings per Share	$0.27	$2.02	$0.17	($1.61)	$0.42	$0.46	$0.37	$0.25	$0.36	$0.25
Weighted Average Diluted Shares Outstanding	65.15M	65.61M	59.86M	52.86M	59.64M	53.77M	60.76M	62.54M	62.65M	61.60M
Weighted Average Basic & Diluted Shares Outstanding	51.43M	51.66M	51.69M	56.35M	56.34M	56.37M	56.64M	56.78M	56.78M	57.94M

This table details how cash moves in and out of Veeco Instruments' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	60	-1.58	8.23	3.10	-67	-83	0.33	-9.81	35	3.65	-13
Net Cash From Operating Activities	42	16	-24	35	-38	-7.42	43	68	108	62	64
Net Cash From Continuing Operating Activities	42	16	-24	35	-38	-7.42	43	68	108	62	64
Net Income / (Loss) Continuing Operations	-67	-32	-122	-51	-407	-79	-8.39	26	167	-30	74
Consolidated Net Income / (Loss)	-67	-32	-122	-51	-407	-79	-8.39	26	167	-30	74
Depreciation Expense	25	40	33	50	50	34	31	26	26	25	25
Amortization Expense	-	-	-	10	12	13	14	14	0.96	1.12	1.26
Non-Cash Adjustments To Reconcile Net Income	70	17	76	36	413	46	-9.40	-11	74	130	4.82
Changes in Operating Assets and Liabilities, net	14	-8.98	-11	-10	-105	-22	16	12	-159	-64	-41
Net Cash From Investing Activities	8.10	-7.08	47	-358	-18	-76	-72	45	-69	-53	-65
Net Cash From Continuing Investing Activities	8.10	-7.08	47	-358	-18	-76	-72	45	-69	-53	-65
Purchase of Property, Plant & Equipment	-16	-14	-11	-24	-13	-11	-6.80	-41	-25	-28	-18
Acquisitions	-144	-0.07	-	-402	-2.66	-	-	0.00	0.00	-30	0.00
Purchase of Investments	-160	-86	-103	-283	-93	-193	-248	-247	-104	-178	-203
Sale of Property, Plant & Equipment	9.26	3.07	9.51	2.28	0.00	0.65	9.50	1.73	0.00	0.00	2.03
Sale and/or Maturity of Investments	318	89	152	349	90	127	174	331	60	183	154
Net Cash From Financing Activities	9.69	-10	-15	326	-11	0.13	29	-122	-4.55	-4.68	-13
Net Cash From Continuing Financing Activities	9.69	-10	-15	326	-11	0.13	29	-122	-4.55	-4.68	-13
Repayment of Debt	-0.29	-0.31	-0.34	-1.19	0.00	0.00	-81	-116	0.00	-219	0.00
Issuance of Debt	-	-	-	336	0.00	0.00	120	0.00	0.00	223	0.00
Issuance of Common Equity	-	2.23	1.66	2.99	3.06	3.11	2.88	3.40	3.70	4.62	5.30
Other Financing Activities, net	9.98	-3.22	-2.60	-8.74	-3.07	-2.98	-13	-8.99	-8.25	-14	-18
Effect of Exchange Rate Changes	0.15	-0.09	-	-	-	0.03	0.01	-0.05	-0.05	-0.02	0.01
Cash Interest Paid	0.16	0.49	0.23	4.68	9.71	9.41	13	13	10	12	9.50
Cash Income Taxes Paid	3.32	7.09	1.67	1.94	4.80	2.93	0.33	-0.14	1.43	5.10	3.03

This table details how cash moves in and out of Veeco Instruments' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	52	-14	-14	40	-24	2.32	15	0.13	-11	-18
Net Cash From Operating Activities	47	33	14	11	7.05	29	9.36	8.46	18	28
Net Cash From Continuing Operating Activities	47	33	14	11	7.05	29	9.36	8.46	18	28
Net Income / (Loss) Continuing Operations	15	129	8.74	-85	25	22	22	15	22	15
Consolidated Net Income / (Loss)	15	129	8.74	-85	25	22	22	15	22	15
Depreciation Expense	6.35	6.55	6.28	6.16	6.18	6.35	6.41	6.60	6.15	5.98
Amortization Expense	0.24	0.24	0.23	0.29	0.31	0.29	0.30	0.32	0.32	0.32
Non-Cash Adjustments To Reconcile Net Income	-22	102	16	116	-23	21	-30	5.01	16	14
Changes in Operating Assets and Liabilities, net	48	-205	-17	-26	-1.15	-20	10	-18	-26	-6.68
Net Cash From Investing Activities	4.80	-48	-0.76	3.13	-30	-26	21	-9.94	-30	-46
Net Cash From Continuing Investing Activities	4.80	-48	-0.76	3.13	-30	-26	21	-9.94	-30	-46
Purchase of Property, Plant & Equipment	-6.35	-2.83	-6.95	-3.89	-6.40	-11	-5.99	-2.95	-3.99	-5.18
Purchase of Investments	-10	-60	-3.49	-66	-41	-67	-29	-35	-61	-78
Sale and/or Maturity of Investments	21	15	40	73	18	52	53	28	35	38
Net Cash From Financing Activities	0.08	0.36	-27	25	-1.66	-1.05	-15	1.62	0.90	-0.25
Net Cash From Continuing Financing Activities	0.08	0.36	-27	25	-1.66	-1.05	-15	1.62	0.90	-0.25
Issuance of Common Equity	0.78	0.79	1.24	1.38	1.09	0.91	1.32	1.87	1.18	0.94
Other Financing Activities, net	-0.70	-0.43	-8.51	-0.29	-2.75	-1.96	-16	-0.25	-0.29	-1.19
Effect of Exchange Rate Changes	-0.06	0.06	0.01	-0.05	-0.01	0.04	-0.04	-0.00	0.14	-0.08
Cash Interest Paid	2.72	2.38	2.74	3.88	0.67	4.49	0.62	4.06	0.80	4.02
Cash Income Taxes Paid	0.27	0.09	0.39	2.60	0.88	1.23	0.99	1.54	0.44	0.07

This table presents Veeco Instruments' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	929	891	759	1,387	901	818	898	899	1,128	1,229	1,252
Total Current Assets	556	542	502	597	520	476	587	549	669	706	765
Cash & Equivalents	271	269	277	280	212	129	130	120	155	159	146
Restricted Cash	0.54	-	-	0.85	0.81	0.66	0.66	0.73	0.55	0.34	0.22
Short-Term Investments	121	116	67	48	48	115	190	104	147	147	199
Accounts Receivable	60	50	58	99	77	71	101	128	141	127	134
Inventories, net	61	77	77	120	156	133	146	171	207	238	247
Prepaid Expenses	23	23	16	33	22	15	19	26	18	35	39
Plant, Property, & Equipment, net	79	80	61	85	80	76	65	100	107	118	114
Total Noncurrent Assets	295	269	196	705	300	266	246	250	352	404	373
Goodwill	115	115	115	307	184	182	182	182	182	215	215
Intangible Assets	159	132	58	370	85	62	46	34	24	44	8.83
Noncurrent Deferred & Refundable Income Taxes	1.18	1.38	2.05	3.05	1.87	1.55	1.44	1.64	116	118	120
Other Noncurrent Operating Assets	20	21	21	25	29	21	16	32	30	27	29
Total Liabilities & Shareholders' Equity	929	891	759	1,387	901	818	898	899	1,128	1,229	1,252
Total Liabilities	191	176	164	547	463	444	490	461	550	557	481
Total Current Liabilities	168	162	144	224	160	118	147	189	258	218	192
Short-Term Debt	0.31	0.34	0.37	-	-	-	-	0.00	20	0.00	26
Accounts Payable	18	30	23	50	40	21	34	44	52	42	44
Accrued Expenses	48	49	33	58	46	41	45	80	56	58	55
Current Deferred Revenue	96	76	85	112	73	55	67	63	127	118	65
Current Deferred & Payable Income Tax Liabilities	5.56	6.21	2.31	3.85	1.26	0.83	0.91	1.86	2.43	0.00	2.09
Total Noncurrent Liabilities	22	14	20	323	303	325	343	272	292	339	289
Long-Term Debt	1.53	1.19	0.83	276	287	300	321	229	254	275	250
Noncurrent Deferred & Payable Income Tax Liabilities	16	11	13	37	5.69	5.65	5.24	4.79	1.29	6.55	0.69
Other Noncurrent Operating Liabilities	4.19	1.54	6.40	11	9.91	20	17	38	37	57	38
Total Equity & Noncontrolling Interests	739	715	595	840	438	375	408	438	578	672	771
Total Preferred & Common Equity	739	715	595	840	438	375	408	438	578	672	771
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	739	715	595	840	438	375	408	438	578	672	771
Common Stock	751	768	764	1,052	1,062	1,072	1,114	1,117	1,079	1,203	1,228
Retained Earnings	-13	-45	-169	-213	-620	-699	-707	-681	-502	-532	-458
Accumulated Other Comprehensive Income / (Loss)	1.47	1.35	1.78	1.81	1.82	1.89	1.85	1.48	0.93	1.61	1.52

This table presents Veeco Instruments' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	997	1,167	1,228	1,246	1,234	1,235	1,273
Total Current Assets	650	643	709	721	716	718	761
Cash & Equivalents	169	141	181	156	174	174	163
Restricted Cash	0.56	0.48	0.44	0.38	0.33	0.29	0.26
Short-Term Investments	102	112	106	130	123	131	158
Accounts Receivable	173	138	151	152	141	132	163
Inventories, net	188	226	244	252	243	245	242
Prepaid Expenses	18	26	27	30	35	36	35
Plant, Property, & Equipment, net	108	113	112	118	115	113	113
Total Noncurrent Assets	238	411	407	407	403	403	399
Goodwill	182	215	215	215	215	215	215
Intangible Assets	26	50	48	46	42	40	39
Noncurrent Deferred & Refundable Income Taxes	1.64	116	115	118	119	118	116
Other Noncurrent Operating Assets	29	30	29	28	27	30	30
Total Liabilities & Shareholders' Equity	997	1,167	1,228	1,246	1,234	1,235	1,273
Total Liabilities	556	582	616	602	546	520	526
Total Current Liabilities	260	267	282	268	234	204	215
Short-Term Debt	20	0.00	0.00	0.00	26	26	26
Accounts Payable	51	62	63	63	54	47	50
Accrued Expenses	65	69	62	66	59	50	57
Current Deferred Revenue	122	133	157	139	94	81	80
Current Deferred & Payable Income Tax Liabilities	1.57	2.53	0.56	0.48	0.85	-	1.06
Total Noncurrent Liabilities	295	315	334	334	311	316	311
Long-Term Debt	254	255	274	275	249	249	249
Noncurrent Deferred & Payable Income Tax Liabilities	4.75	6.94	6.88	6.87	6.50	6.45	6.38
Other Noncurrent Operating Liabilities	36	53	52	52	56	61	55
Total Equity & Noncontrolling Interests	441	586	613	644	688	715	747
Total Preferred & Common Equity	441	586	613	644	688	715	747
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	441	586	613	644	688	715	747
Common Stock	1,072	1,077	1,190	1,197	1,197	1,209	1,218
Retained Earnings	-631	-493	-578	-554	-510	-495	-473
Accumulated Other Comprehensive Income / (Loss)	0.22	1.40	1.37	1.50	1.48	1.47	1.85

This table displays calculated financial ratios and metrics derived from Veeco Instruments' official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.42%	21.42%	-30.47%	43.41%	13.96%	-22.64%	8.30%	28.43%	10.78%	3.14%	7.63%
EBITDA Growth	-2.34%	130.42%	-626.61%	87.06%	-3,023.00%	96.19%	539.40%	54.66%	-5.10%	-101.23%	8,851.73%
EBIT Growth	-10.30%	70.67%	-417.23%	40.19%	-478.15%	85.43%	124.32%	251.13%	16.63%	-145.03%	346.70%
NOPAT Growth	-10.30%	70.67%	-417.23%	40.19%	-478.15%	90.47%	157.01%	264.03%	243.35%	-75.20%	46.51%
Net Income Growth	-58.39%	52.23%	-281.60%	57.88%	-692.06%	80.66%	89.34%	410.31%	541.15%	-118.19%	342.74%
EPS Growth	-55.96%	52.94%	-287.50%	62.58%	-643.97%	80.76%	89.76%	388.24%	453.06%	-120.66%	319.64%
Operating Cash Flow Growth	5,686.66%	-62.47%	-251.02%	246.76%	-207.84%	80.35%	680.11%	57.46%	60.14%	-43.15%	3.47%
Free Cash Flow Firm Growth	-8.04%	100.66%	-1,445.79%	-5,877.42%	105.56%	-44.82%	36.47%	-0.14%	268.31%	-147.74%	125.28%
Invested Capital Growth	19.34%	-4.96%	-22.80%	212.99%	-41.08%	-9.85%	-2.10%	8.05%	24.21%	16.76%	9.48%
Revenue Q/Q Growth	11.45%	-1.45%	-3.96%	10.91%	-6.98%	3.51%	6.01%	2.46%	0.13%	3.11%	1.16%
EBITDA Q/Q Growth	-109.52%	141.38%	2.89%	50.45%	-60.03%	89.18%	17.91%	0.34%	-7.38%	-101.25%	-18.10%
EBIT Q/Q Growth	-58.19%	70.16%	4.03%	-16.30%	-42.54%	64.73%	188.88%	4.05%	-6.56%	-145.90%	-23.26%
NOPAT Q/Q Growth	-58.19%	70.16%	4.03%	-16.30%	-42.54%	76.95%	342.71%	18.50%	204.22%	18.24%	-9.36%
Net Income Q/Q Growth	-108.45%	59.57%	3.92%	-7.68%	-50.28%	58.68%	79.61%	46.83%	261.12%	-139.48%	-8.30%
EPS Q/Q Growth	-107.32%	60.00%	4.32%	-9.43%	-50.09%	59.11%	80.00%	44.12%	222.62%	-156.00%	-14.58%
Operating Cash Flow Q/Q Growth	501.31%	-77.61%	21.49%	122.32%	-91.94%	65.29%	-0.37%	2.52%	17.32%	-5.55%	-1.69%
Free Cash Flow Firm Q/Q Growth	1.33%	100.98%	25.46%	0.90%	1,231.75%	119.14%	-60.49%	-7.89%	74.12%	70.63%	9.25%
Invested Capital Q/Q Growth	12.80%	0.72%	1.01%	-1.24%	-22.17%	-10.58%	0.09%	2.65%	23.77%	1.48%	0.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	34.33%	37.15%	40.13%	37.05%	35.74%	37.72%	42.78%	41.54%	40.73%	42.77%	42.38%
EBITDA Margin	-13.91%	3.48%	-26.38%	-2.38%	-65.26%	-3.21%	13.04%	15.70%	13.45%	-0.16%	13.02%
Operating Margin	-20.16%	-4.87%	-36.23%	-15.11%	-76.65%	-9.44%	4.97%	9.72%	9.33%	10.49%	9.34%
EBIT Margin	-20.16%	-4.87%	-36.23%	-15.11%	-76.65%	-14.44%	3.24%	8.86%	9.33%	-4.07%	9.34%
Profit (Net Income) Margin	-17.04%	-6.70%	-36.79%	-10.80%	-75.10%	-18.78%	-1.85%	4.46%	25.84%	-4.56%	10.28%
Tax Burden Percent	85.43%	141.21%	102.37%	57.75%	93.84%	101.00%	99.14%	101.39%	327.43%	107.16%	107.09%
Interest Burden Percent	98.92%	97.48%	99.20%	123.82%	104.41%	128.74%	-57.48%	49.67%	84.56%	104.37%	102.77%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-1.39%	-227.43%	0.00%	-7.09%
Return on Invested Capital (ROIC)	-17.60%	-4.86%	-29.13%	-9.68%	-46.49%	-6.28%	3.82%	13.50%	39.81%	8.22%	10.67%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.01%	-0.86%	-18.77%	-9.13%	827.08%	-152.48%	-104.29%	-1,062.88%	299.11%	276.47%	6.67%
Return on Net Nonoperating Assets (RNNOA)	8.79%	0.46%	10.49%	2.52%	-17.22%	-13.10%	-5.96%	-7.34%	-6.93%	-13.08%	-0.46%
Return on Equity (ROE)	-8.81%	-4.40%	-18.64%	-7.16%	-63.71%	-19.39%	-2.14%	6.16%	32.88%	-4.86%	10.22%
Cash Return on Invested Capital (CROIC)	-35.23%	0.22%	-3.40%	-112.83%	5.21%	4.08%	5.93%	5.76%	18.21%	-7.24%	1.62%
Operating Return on Assets (OROA)	-8.44%	-2.55%	-14.57%	-6.70%	-36.32%	-7.05%	1.72%	5.75%	5.95%	-2.30%	5.40%
Return on Assets (ROA)	-7.13%	-3.51%	-14.80%	-4.79%	-35.58%	-9.16%	-0.98%	2.90%	16.47%	-2.58%	5.94%
Return on Common Equity (ROCE)	-8.81%	-4.40%	-18.64%	-7.16%	-63.71%	-19.39%	-2.14%	6.16%	32.88%	-4.86%	10.22%
Return on Equity Simple (ROE_SIMPLE)	-9.06%	-4.47%	-20.52%	-6.12%	-92.99%	-21.02%	-2.05%	5.95%	28.89%	-4.52%	9.56%
Net Operating Profit after Tax (NOPAT)	-55	-16	-84	-50	-291	-28	16	58	197	49	72
NOPAT Margin	-14.11%	-3.41%	-25.36%	-10.58%	-53.65%	-6.61%	3.48%	9.86%	30.56%	7.35%	10.00%
Net Nonoperating Expense Percent (NNEP)	-2.59%	-4.00%	-10.36%	-0.55%	-873.57%	146.20%	108.11%	1,076.38%	-259.30%	-268.25%	4.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	23.16%	5.17%	6.85%
Cost of Revenue to Revenue	65.67%	62.85%	59.87%	62.95%	64.26%	62.28%	57.22%	58.46%	59.27%	57.23%	57.62%
SG&A Expenses to Revenue	22.85%	18.91%	23.41%	21.07%	16.98%	19.02%	16.79%	14.49%	13.77%	13.92%	13.89%
R&D to Revenue	20.66%	16.46%	24.42%	17.24%	18.03%	21.59%	17.39%	15.20%	16.03%	16.93%	17.36%
Operating Expenses to Revenue	54.49%	42.02%	76.35%	52.16%	112.39%	47.16%	37.81%	31.81%	31.39%	32.28%	33.04%
Earnings before Interest and Taxes (EBIT)	-79	-23	-120	-72	-416	-61	15	52	60	-27	67
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-55	17	-88	-11	-354	-13	59	92	87	-1.07	93
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.90	1.18	1.99	0.85	0.81	1.92	2.11	3.29	1.65	2.60	1.97
Price to Tangible Book Value (P/TBV)	3.02	1.80	2.81	4.40	2.10	5.48	4.78	6.48	2.57	4.23	2.78
Price to Revenue (P/Rev)	3.57	1.76	3.57	1.51	0.65	1.71	1.90	2.47	1.48	2.62	2.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	55.22	5.72	0.00	20.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.81%	17.47%	0.00%	4.84%
Enterprise Value to Invested Capital (EV/IC)	2.95	1.41	3.34	0.84	0.82	1.85	2.11	3.26	1.69	2.68	2.07
Enterprise Value to Revenue (EV/Rev)	2.58	0.96	2.53	1.40	0.70	1.84	1.90	2.47	1.44	2.58	2.03
Enterprise Value to EBITDA (EV/EBITDA)	0.00	27.56	0.00	0.00	0.00	0.00	14.56	15.75	10.67	0.00	15.56
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	58.57	27.90	15.38	0.00	21.70
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	54.59	25.09	4.70	35.08	20.26
Enterprise Value to Operating Cash Flow (EV/OCF)	24.07	29.01	0.00	18.99	0.00	0.00	20.04	21.30	8.55	27.85	22.77
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	628.66	0.00	0.00	11.66	42.96	35.11	58.83	10.27	0.00	133.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.33	0.66	0.80	0.79	0.52	0.48	0.41	0.36
Long-Term Debt to Equity	0.00	0.00	0.00	0.33	0.66	0.80	0.79	0.52	0.44	0.41	0.32
Financial Leverage	-0.59	-0.54	-0.56	-0.28	-0.02	0.09	0.06	0.01	-0.02	-0.05	-0.07
Leverage Ratio	1.24	1.25	1.26	1.50	1.79	2.12	2.19	2.12	2.00	1.89	1.72
Compound Leverage Factor	1.22	1.22	1.25	1.85	1.87	2.72	-1.26	1.06	1.69	1.97	1.77
Debt to Total Capital	0.25%	0.21%	0.20%	24.70%	39.63%	44.48%	44.02%	34.40%	32.22%	29.02%	26.38%
Short-Term Debt to Total Capital	0.04%	0.05%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	2.37%	0.00%	2.53%
Long-Term Debt to Total Capital	0.21%	0.17%	0.14%	24.70%	39.63%	44.48%	44.02%	34.40%	29.85%	29.02%	23.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	99.75%	99.79%	99.80%	75.30%	60.37%	55.52%	55.98%	65.60%	67.78%	70.98%	73.62%
Debt to EBITDA	-0.03	0.09	-0.01	-24.33	-0.81	-22.27	5.42	2.51	3.16	-257.68	2.96
Net Debt to EBITDA	7.14	-23.09	3.92	4.66	-0.07	-4.07	0.02	0.05	-0.33	28.91	-0.73
Long-Term Debt to EBITDA	-0.03	0.07	-0.01	-24.33	-0.81	-22.27	5.42	2.51	2.93	-257.68	2.67
Debt to NOPAT	-0.03	-0.09	-0.01	-5.48	-0.99	-10.83	20.33	3.99	1.39	5.62	3.85
Net Debt to NOPAT	7.04	23.60	4.08	1.05	-0.09	-1.98	0.07	0.08	-0.14	-0.63	-0.95
Long-Term Debt to NOPAT	-0.03	-0.07	-0.01	-5.48	-0.99	-10.83	20.33	3.99	1.29	5.62	3.48
Altman Z-Score	5.04	3.76	4.50	1.07	-0.95	0.57	1.10	2.13	1.61	2.22	2.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.30	3.34	3.49	2.66	3.25	4.03	4.00	2.90	2.59	3.24	3.98
Quick Ratio	2.68	2.68	2.80	1.90	2.11	2.67	2.87	1.86	1.72	1.99	2.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-111	0.73	-9.81	-586	33	18	25	25	90	-43	11
Operating Cash Flow to CapEx	664.70%	145.94%	-1,212.20%	159.15%	-298.23%	-72.51%	0.00%	174.06%	440.92%	220.82%	396.86%
Free Cash Flow to Firm to Interest Expense	-155.26	1.57	-44.17	-30.12	1.52	0.81	0.99	0.86	7.85	-3.66	0.99
Operating Cash Flow to Interest Expense	58.84	34.03	-107.41	1.80	-1.75	-0.34	1.74	2.39	9.43	5.24	5.78
Operating Cash Flow Less CapEx to Interest Expense	49.99	10.71	-116.27	0.67	-2.34	-0.80	1.85	1.02	7.29	2.87	4.32
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.52	0.40	0.44	0.47	0.49	0.53	0.65	0.64	0.57	0.58
Accounts Receivable Turnover	9.36	8.70	6.17	6.06	6.15	5.66	5.27	5.09	4.81	4.97	5.49
Inventory Turnover	4.26	4.32	2.57	3.04	2.52	1.80	1.86	2.15	2.03	1.72	1.71
Fixed Asset Turnover	4.68	6.03	4.73	6.53	6.56	5.38	6.44	7.07	6.24	5.90	6.18
Accounts Payable Turnover	9.58	12.44	7.54	8.21	7.75	8.58	9.46	8.73	7.94	8.08	9.62
Days Sales Outstanding (DSO)	38.98	41.93	59.17	60.25	59.33	64.51	69.22	71.69	75.87	73.42	66.49
Days Inventory Outstanding (DIO)	85.73	84.58	142.00	120.26	144.89	202.22	195.92	169.53	180.01	212.73	213.88
Days Payable Outstanding (DPO)	38.10	29.33	48.41	44.44	47.11	42.55	38.58	41.80	45.99	45.19	37.93
Cash Conversion Cycle (CCC)	86.61	97.18	152.76	136.07	157.11	224.18	226.56	199.42	209.90	240.96	242.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	343	326	252	787	464	418	409	442	550	642	702
Invested Capital Turnover	1.25	1.43	1.15	0.92	0.87	0.95	1.10	1.37	1.30	1.12	1.07
Increase / (Decrease) in Invested Capital	56	-17	-74	536	-323	-46	-8.76	33	107	92	61
Enterprise Value (EV)	1,013	458	841	665	380	773	862	1,443	927	1,717	1,453
Market Capitalization	1,403	842	1,184	717	354	718	861	1,438	955	1,748	1,522
Book Value per Share	$18.37	$17.45	$14.64	$17.39	$9.16	$7.66	$8.23	$8.67	$11.24	$11.94	$13.58
Tangible Book Value per Share	$11.55	$11.43	$10.37	$3.38	$3.52	$2.68	$3.63	$4.39	$7.23	$7.34	$9.63
Total Capital	741	716	596	1,116	725	675	729	667	852	947	1,047
Total Debt	1.85	1.53	1.19	276	287	300	321	229	275	275	276
Total Long-Term Debt	1.53	1.19	0.83	276	287	300	321	229	254	275	250
Net Debt	-390	-384	-343	-53	26	55	1.06	4.79	-28	-31	-68
Capital Expenditures (CapEx)	6.33	11	1.97	22	13	10	-2.70	39	25	28	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4.35	-5.04	14	44	99	112	120	136	128	182	254
Debt-free Net Working Capital (DFNWC)	388	380	358	373	360	358	440	360	431	488	599
Net Working Capital (NWC)	387	380	358	373	360	358	440	360	411	488	572
Net Nonoperating Expense (NNE)	11	16	38	1.09	116	51	24	31	30	79	-1.98
Net Nonoperating Obligations (NNO)	-396	-389	-343	-53	26	44	1.06	4.79	-28	-31	-68
Total Depreciation and Amortization (D&A)	25	40	33	61	62	47	44	40	27	26	26
Debt-free, Cash-free Net Working Capital to Revenue	-1.11%	-1.06%	4.26%	9.35%	18.22%	26.82%	26.47%	23.24%	19.84%	27.38%	35.44%
Debt-free Net Working Capital to Revenue	98.65%	79.71%	108.04%	78.38%	66.42%	85.29%	96.94%	61.75%	66.73%	73.26%	83.47%
Net Working Capital to Revenue	98.57%	79.64%	107.93%	78.38%	66.42%	85.29%	96.94%	61.75%	63.61%	73.26%	79.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.70)	($0.80)	($3.11)	($1.01)	($8.63)	($1.66)	($0.17)	$0.53	$3.35	($0.56)	$1.31
Adjusted Weighted Average Basic Shares Outstanding	39.35M	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	49.07M	49.91M	53.77M	56.43M
Adjusted Diluted Earnings per Share	($1.70)	($0.80)	($3.11)	($1.01)	($8.63)	($1.66)	($0.17)	$0.49	$2.71	($0.56)	$1.23
Adjusted Weighted Average Diluted Shares Outstanding	39.35M	39.74M	39.34M	44.17M	47.15M	47.48M	48.36M	53.64M	65.61M	53.77M	61.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	40.36M	39.97M	40.60M	48.16M	48.04M	49.00M	49.72M	50.65M	51.66M	56.37M	57.94M
Normalized Net Operating Profit after Tax (NOPAT)	-32	-13	-32	-29	-20	-20	17	40	42	49	67
Normalized NOPAT Margin	-8.20%	-2.70%	-9.50%	-6.05%	-3.72%	-4.87%	3.69%	6.81%	6.53%	7.35%	9.28%
Pre Tax Income Margin	-19.94%	-4.75%	-35.94%	-18.71%	-80.03%	-18.59%	-1.86%	4.40%	7.89%	-4.25%	9.60%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-110.78	-50.07	-541.27	-3.69	-19.31	-2.74	0.60	1.82	5.24	-2.31	6.06
NOPAT to Interest Expense	-77.55	-35.05	-378.89	-2.59	-13.52	-1.25	0.64	2.03	17.15	4.16	6.49
EBIT Less CapEx to Interest Expense	-119.63	-73.39	-550.13	-4.82	-19.90	-3.20	0.70	0.45	3.10	-4.68	4.61
NOPAT Less CapEx to Interest Expense	-86.40	-58.37	-387.75	-3.72	-14.10	-1.72	0.75	0.66	15.02	1.79	5.04
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-27.85%	-10.94%	-5.58%	-2.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Veeco Instruments' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.42%	0.54%	-1.87%	-1.44%	3.17%	13.09%	13.67%	8.81%	4.20%	4.72%
EBITDA Growth	-8.92%	-25.56%	-29.08%	-493.21%	19.03%	52.76%	76.27%	130.72%	7.15%	-66.97%
EBIT Growth	6.99%	-24.03%	-40.63%	-750.42%	26.75%	80.58%	124.81%	120.05%	9.31%	-83.96%
NOPAT Growth	10.36%	587.80%	-40.70%	-21.15%	40.29%	-85.17%	122.46%	52.78%	-10.87%	-38.40%
Net Income Growth	67.25%	1,471.57%	-34.43%	-983.69%	63.38%	-83.22%	150.02%	117.52%	-10.67%	-30.84%
EPS Growth	58.82%	1,246.67%	-29.17%	-994.44%	55.56%	-77.23%	117.65%	115.53%	-14.29%	-45.65%
Operating Cash Flow Growth	57.77%	93.70%	-43.85%	231.77%	-85.06%	-10.95%	-32.74%	-24.62%	149.70%	-3.73%
Free Cash Flow Firm Growth	169.30%	429.54%	-547.61%	-320.94%	-3,914.07%	-281.65%	55.99%	44.09%	71.02%	32.56%
Invested Capital Growth	3.02%	24.21%	31.62%	29.30%	42.39%	16.76%	13.47%	14.22%	10.94%	9.48%
Revenue Q/Q Growth	4.83%	-10.54%	-0.19%	5.30%	9.73%	-1.94%	0.32%	0.80%	5.08%	-1.45%
EBITDA Q/Q Growth	23.43%	-16.46%	-19.19%	-571.89%	137.37%	7.20%	-6.75%	-17.76%	30.32%	-66.95%
EBIT Q/Q Growth	36.97%	-23.75%	-26.78%	-950.53%	126.69%	8.62%	-8.84%	-24.15%	45.53%	-84.06%
NOPAT Q/Q Growth	42.56%	742.10%	-93.47%	0.65%	153.66%	-10.97%	-2.13%	-30.87%	47.99%	-38.47%
Net Income Q/Q Growth	55.78%	757.10%	-93.22%	-1,076.09%	128.80%	-11.95%	1.00%	-31.62%	46.89%	-31.83%
EPS Q/Q Growth	50.00%	648.15%	-91.58%	-1,047.06%	126.09%	9.52%	-19.57%	-32.43%	44.00%	-30.56%
Operating Cash Flow Q/Q Growth	1,296.18%	-29.86%	-57.96%	-19.41%	-37.11%	317.99%	-68.25%	-9.68%	108.33%	61.15%
Free Cash Flow Firm Q/Q Growth	114.31%	802.34%	-439.03%	3.85%	-29.67%	57.03%	17.87%	-22.17%	32.80%	-0.01%
Invested Capital Q/Q Growth	-4.33%	23.77%	6.80%	2.25%	5.35%	1.48%	3.79%	2.93%	2.33%	0.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.69%	40.91%	40.40%	41.77%	43.34%	45.22%	43.22%	42.86%	42.86%	40.62%
EBITDA Margin	14.05%	13.12%	10.62%	-47.61%	16.21%	17.72%	16.47%	13.44%	16.67%	5.59%
Operating Margin	10.22%	8.71%	6.39%	8.47%	12.55%	13.90%	12.63%	9.51%	13.17%	2.13%
EBIT Margin	10.22%	8.71%	6.39%	-51.60%	12.55%	13.90%	12.63%	9.51%	13.17%	2.13%
Profit (Net Income) Margin	8.75%	83.82%	5.69%	-52.78%	13.86%	12.44%	12.52%	8.50%	11.88%	8.22%
Tax Burden Percent	98.64%	1,089.37%	97.08%	101.53%	109.17%	89.47%	96.06%	87.54%	89.02%	343.63%
Interest Burden Percent	86.82%	88.37%	91.82%	100.76%	101.11%	100.00%	103.20%	102.09%	101.33%	112.27%
Effective Tax Rate	1.36%	-989.37%	2.92%	0.00%	-9.17%	10.53%	3.94%	12.46%	10.98%	-243.63%
Return on Invested Capital (ROIC)	14.86%	123.58%	7.72%	7.14%	16.46%	13.92%	13.32%	9.09%	12.47%	7.81%
ROIC Less NNEP Spread (ROIC-NNEP)	329.17%	267.93%	4.16%	-607.67%	10.71%	13.92%	6.75%	7.63%	11.46%	4.51%
Return on Net Nonoperating Assets (RNNOA)	-0.55%	-6.20%	0.18%	-18.15%	-0.09%	-0.66%	-0.11%	-0.24%	-0.47%	-0.31%
Return on Equity (ROE)	14.32%	117.37%	7.91%	-11.02%	16.37%	13.26%	13.21%	8.84%	11.99%	7.50%
Cash Return on Invested Capital (CROIC)	11.86%	18.21%	9.10%	-18.39%	-27.28%	-7.24%	-3.43%	-0.55%	1.50%	1.62%
Operating Return on Assets (OROA)	6.61%	5.55%	3.94%	-30.83%	7.23%	7.86%	7.23%	5.42%	7.41%	1.23%
Return on Assets (ROA)	5.66%	53.43%	3.51%	-31.54%	7.99%	7.03%	7.17%	4.84%	6.69%	4.75%
Return on Common Equity (ROCE)	14.32%	117.37%	7.91%	-11.02%	16.37%	13.26%	13.21%	8.84%	11.99%	7.50%
Return on Equity Simple (ROE_SIMPLE)	10.48%	0.00%	27.73%	11.00%	11.93%	0.00%	-2.51%	11.61%	10.77%	0.00%
Net Operating Profit after Tax (NOPAT)	17	146	9.52	9.58	24	22	21	15	22	13
NOPAT Margin	10.08%	94.86%	6.20%	5.93%	13.70%	12.44%	12.14%	8.32%	11.72%	7.32%
Net Nonoperating Expense Percent (NNEP)	-314.30%	-144.35%	3.56%	614.81%	5.75%	0.00%	6.57%	1.45%	1.00%	3.30%
Return On Investment Capital (ROIC_SIMPLE)	-	17.11%	-	-	-	2.28%	-	-	-	1.27%
Cost of Revenue to Revenue	59.31%	59.09%	59.60%	58.23%	56.66%	54.78%	56.78%	57.14%	57.14%	59.38%
SG&A Expenses to Revenue	12.88%	13.63%	14.74%	14.74%	12.86%	13.51%	14.16%	13.98%	13.69%	13.77%
R&D to Revenue	15.77%	17.12%	17.96%	16.94%	16.25%	16.73%	16.99%	18.02%	17.43%	16.99%
Operating Expenses to Revenue	30.47%	32.20%	34.01%	33.30%	30.79%	31.32%	30.59%	33.36%	29.69%	38.49%
Earnings before Interest and Taxes (EBIT)	18	13	9.81	-83	22	24	22	17	24	3.88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	20	16	-77	29	31	29	24	31	10
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.14	1.65	1.86	2.17	2.46	2.60	2.88	3.70	2.52	1.97
Price to Tangible Book Value (P/TBV)	4.05	2.57	3.41	3.80	4.13	4.23	4.60	5.75	3.82	2.78
Price to Revenue (P/Rev)	1.46	1.48	1.70	2.07	2.45	2.62	2.88	3.77	2.65	2.12
Price to Earnings (P/E)	20.38	5.72	6.72	19.70	20.59	0.00	0.00	31.87	23.40	20.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.91%	17.47%	14.87%	5.08%	4.86%	0.00%	0.00%	3.14%	4.27%	4.84%
Enterprise Value to Invested Capital (EV/IC)	2.13	1.69	1.86	2.19	2.49	2.68	2.94	3.82	2.62	2.07
Enterprise Value to Revenue (EV/Rev)	1.46	1.44	1.70	2.05	2.43	2.58	2.85	3.73	2.59	2.03
Enterprise Value to EBITDA (EV/EBITDA)	10.07	10.67	13.63	16.28	18.41	0.00	18.07	23.36	16.10	15.56
Enterprise Value to EBIT (EV/EBIT)	14.64	15.38	20.40	24.15	26.57	0.00	23.85	30.70	21.04	21.70
Enterprise Value to NOPAT (EV/NOPAT)	14.56	4.70	5.81	34.50	37.96	35.08	34.06	32.00	23.20	20.26
Enterprise Value to Operating Cash Flow (EV/OCF)	10.22	8.55	11.20	12.47	24.07	27.85	34.31	48.13	28.29	22.77
Enterprise Value to Free Cash Flow (EV/FCFF)	18.22	10.27	23.25	0.00	0.00	0.00	0.00	0.00	184.06	133.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.62	0.48	0.44	0.45	0.43	0.41	0.40	0.39	0.37	0.36
Long-Term Debt to Equity	0.58	0.44	0.44	0.45	0.43	0.41	0.36	0.35	0.33	0.32
Financial Leverage	0.00	-0.02	0.04	0.03	-0.01	-0.05	-0.02	-0.03	-0.04	-0.07
Leverage Ratio	2.28	2.00	2.11	2.08	2.07	1.89	1.89	1.86	1.81	1.72
Compound Leverage Factor	1.98	1.76	1.94	2.09	2.09	1.89	1.95	1.89	1.84	1.93
Debt to Total Capital	38.35%	32.22%	30.31%	30.93%	29.88%	29.02%	28.58%	27.82%	26.98%	26.38%
Short-Term Debt to Total Capital	2.82%	2.37%	0.00%	0.00%	0.00%	0.00%	2.74%	2.67%	2.59%	2.53%
Long-Term Debt to Total Capital	35.54%	29.85%	30.31%	30.93%	29.88%	29.02%	25.83%	25.15%	24.39%	23.85%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	61.65%	67.78%	69.69%	69.07%	70.12%	70.98%	71.42%	72.18%	73.02%	73.62%
Debt to EBITDA	2.92	3.16	3.18	3.40	3.22	-257.68	2.54	2.46	2.42	2.96
Net Debt to EBITDA	0.03	-0.33	0.02	-0.15	-0.14	28.91	-0.20	-0.26	-0.40	-0.73
Long-Term Debt to EBITDA	2.71	2.93	3.18	3.40	3.22	-257.68	2.29	2.22	2.19	2.67
Debt to NOPAT	4.23	1.39	1.35	7.20	6.63	5.62	4.78	3.37	3.49	3.85
Net Debt to NOPAT	0.04	-0.14	0.01	-0.33	-0.30	-0.63	-0.38	-0.36	-0.57	-0.95
Long-Term Debt to NOPAT	3.92	1.29	1.35	7.20	6.63	5.62	4.33	3.05	3.15	3.48
Altman Z-Score	1.31	1.47	1.50	1.35	1.97	2.36	2.68	3.60	2.76	2.52
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.50	2.59	2.41	2.51	2.69	3.24	3.05	3.52	3.54	3.98
Quick Ratio	1.71	1.72	1.46	1.55	1.64	1.99	1.87	2.14	2.25	2.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	4.30	39	-131	-126	-164	-70	-58	-71	-47	-48
Operating Cash Flow to CapEx	743.27%	1,168.69%	200.37%	288.35%	110.30%	275.59%	236.57%	286.32%	441.34%	548.08%
Free Cash Flow to Firm to Interest Expense	1.49	13.45	-45.73	-41.42	-59.02	-22.97	-22.09	-25.55	-16.49	-17.09
Operating Cash Flow to Interest Expense	16.36	11.48	4.84	3.68	2.54	9.62	3.57	3.06	6.11	10.21
Operating Cash Flow Less CapEx to Interest Expense	14.16	10.50	2.43	2.40	0.24	6.13	2.06	1.99	4.73	8.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.64	0.62	0.60	0.58	0.57	0.57	0.57	0.56	0.58
Accounts Receivable Turnover	4.50	4.81	4.89	4.35	3.98	4.97	4.93	4.97	4.50	5.49
Inventory Turnover	2.13	2.03	1.90	1.80	1.71	1.72	1.66	1.61	1.62	1.71
Fixed Asset Turnover	6.38	6.24	5.92	5.91	5.70	5.90	6.02	6.22	6.14	6.18
Accounts Payable Turnover	7.63	7.94	6.50	6.86	6.61	8.08	6.71	7.18	7.08	9.62
Days Sales Outstanding (DSO)	81.19	75.87	74.59	83.97	91.69	73.42	73.99	73.47	81.07	66.49
Days Inventory Outstanding (DIO)	171.73	180.01	192.35	202.99	212.93	212.73	220.05	226.02	225.26	213.88
Days Payable Outstanding (DPO)	47.83	45.99	56.13	53.18	55.24	45.19	54.42	50.81	51.52	37.93
Cash Conversion Cycle (CCC)	205.09	209.90	210.81	233.79	249.38	240.96	239.62	248.68	254.82	242.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	444	550	587	600	632	642	666	685	701	702
Invested Capital Turnover	1.48	1.30	1.25	1.20	1.20	1.12	1.10	1.09	1.06	1.07
Increase / (Decrease) in Invested Capital	13	107	141	136	188	92	79	85	69	61
Enterprise Value (EV)	945	927	1,093	1,315	1,572	1,717	1,960	2,616	1,836	1,453
Market Capitalization	942	955	1,092	1,327	1,584	1,748	1,982	2,646	1,881	1,522
Book Value per Share	$8.58	$11.24	$11.33	$11.85	$11.44	$11.94	$12.29	$12.62	$13.15	$13.58
Tangible Book Value per Share	$4.53	$7.23	$6.20	$6.76	$6.81	$7.34	$7.70	$8.12	$8.68	$9.63
Total Capital	716	852	840	887	919	947	963	991	1,022	1,047
Total Debt	274	275	255	274	275	275	275	276	276	276
Total Long-Term Debt	254	254	255	274	275	275	249	249	249	250
Net Debt	2.89	-28	1.35	-13	-12	-31	-22	-30	-45	-68
Capital Expenditures (CapEx)	6.35	2.83	6.95	3.89	6.40	11	3.96	2.95	3.99	5.18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	138	128	123	140	166	182	211	236	251	254
Debt-free Net Working Capital (DFNWC)	410	431	376	427	453	488	508	541	572	599
Net Working Capital (NWC)	390	411	376	427	453	488	482	514	546	572
Net Nonoperating Expense (NNE)	2.28	17	0.78	95	-0.27	0.00	-0.68	-0.31	-0.29	-1.64
Net Nonoperating Obligations (NNO)	2.89	-28	1.35	-13	-12	-31	-22	-30	-45	-68
Total Depreciation and Amortization (D&A)	6.59	6.79	6.50	6.45	6.49	6.64	6.70	6.92	6.48	6.30
Debt-free, Cash-free Net Working Capital to Revenue	21.41%	19.84%	19.08%	21.85%	25.70%	27.38%	30.66%	33.57%	35.43%	35.44%
Debt-free Net Working Capital to Revenue	63.48%	66.73%	58.47%	66.61%	70.09%	73.26%	73.89%	77.06%	80.71%	83.47%
Net Working Capital to Revenue	60.36%	63.61%	58.47%	66.61%	70.09%	73.26%	70.05%	73.29%	76.97%	79.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.30	$2.59	$0.17	($1.61)	$0.44	$0.44	$0.39	$0.27	$0.39	$0.26
Adjusted Weighted Average Basic Shares Outstanding	49.89M	49.91M	50.56M	52.86M	55.35M	53.77M	55.97M	56.28M	56.41M	56.43M
Adjusted Diluted Earnings per Share	$0.27	$2.02	$0.17	($1.61)	$0.42	$0.46	$0.37	$0.25	$0.36	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	65.15M	65.61M	59.86M	52.86M	59.64M	53.77M	60.76M	62.54M	62.65M	61.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.43M	51.66M	51.69M	56.35M	56.34M	56.37M	56.64M	56.78M	56.78M	57.94M
Normalized Net Operating Profit after Tax (NOPAT)	17	9.37	9.52	9.58	16	22	21	15	22	2.72
Normalized NOPAT Margin	10.08%	6.10%	6.20%	5.93%	8.79%	12.44%	12.14%	8.32%	11.72%	1.49%
Pre Tax Income Margin	8.87%	7.69%	5.87%	-51.99%	12.69%	13.90%	13.04%	9.71%	13.34%	2.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.09	4.64	3.41	-27.33	8.02	7.89	8.42	6.05	8.45	1.40
NOPAT to Interest Expense	6.00	50.59	3.31	3.14	8.75	7.06	8.09	5.29	7.52	4.80
EBIT Less CapEx to Interest Expense	3.89	3.66	0.99	-28.60	5.71	4.40	6.91	4.98	7.06	-0.47
NOPAT Less CapEx to Interest Expense	3.80	49.60	0.90	1.86	6.45	3.57	6.57	4.22	6.13	2.93
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Veeco Instruments' Financials

When does Veeco Instruments's fiscal year end?

According to the most recent income statement we have on file, Veeco Instruments' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Veeco Instruments' net income changed over the last 10 years?

Veeco Instruments' net income appears to be on a downward trend, with a most recent value of $73.71 million in 2024, falling from -$66.94 million in 2014. The previous period was -$30.37 million in 2023. View Veeco Instruments' forecast to see where analysts expect Veeco Instruments to go next.

What is Veeco Instruments's operating income?

Veeco Instruments's total operating income in 2024 was $66.98 million, based on the following breakdown:

Total Gross Profit: $304.01 million
Total Operating Expenses: $237.02 million

How has Veeco Instruments revenue changed over the last 10 years?

Over the last 10 years, Veeco Instruments' total revenue changed from $392.87 million in 2014 to $717.30 million in 2024, a change of 82.6%.

How much debt does Veeco Instruments have?

Veeco Instruments' total liabilities were at $480.81 million at the end of 2024, a 13.6% decrease from 2023, and a 152.4% increase since 2014.

How much cash does Veeco Instruments have?

In the past 10 years, Veeco Instruments' cash and equivalents has ranged from $119.75 million in 2021 to $279.74 million in 2017, and is currently $145.60 million as of their latest financial filing in 2024.

How has Veeco Instruments' book value per share changed over the last 10 years?

Over the last 10 years, Veeco Instruments' book value per share changed from 18.37 in 2014 to 13.58 in 2024, a change of -26.1%.

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This page (NASDAQ:VECO) was last updated on 5/5/2025 by MarketBeat.com Staff

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Veeco Instruments (VECO) Financials

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Veeco Instruments (VECO) Financials

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