Veeco Instruments (VECO) Financials

$19.20 -0.23 (-1.18%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$19.19 -0.01 (-0.05%)

As of 05/23/2025 04:04 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	74	-30	167	26	-8.39	-79	-407	-51	-122	-32	-67
Consolidated Net Income / (Loss)	74	-30	167	26	-8.39	-79	-407	-51	-122	-32	-67
Net Income / (Loss) Continuing Operations	74	-30	167	26	-8.39	-79	-407	-51	-122	-32	-67
Total Pre-Tax Income	69	-28	51	26	-8.46	-78	-434	-89	-119	-23	-78
Total Operating Income	67	70	60	57	23	-40	-416	-72	-120	-23	-79
Total Gross Profit	304	285	263	242	194	158	194	176	133	177	135
Total Revenue	717	666	646	583	454	419	542	476	332	477	393
Operating Revenue	717	666	646	583	454	419	542	476	332	477	393
Total Cost of Revenue	413	381	383	341	260	261	348	299	199	300	258
Operating Cost of Revenue	413	381	383	341	260	261	348	299	199	300	258
Total Operating Expenses	237	215	203	186	172	198	609	248	253	200	214
Selling, General & Admin Expense	100	93	89	85	76	80	92	100	78	90	90
Research & Development Expense	125	113	104	89	79	91	98	82	81	79	81
Amortization Expense	6.98	8.48	10	12	15	17	32	35	19	28	13
Other Operating Expenses / (Income)	-22	1.03	0.32	0.07	-0.22	-0.04	0.37	-0.39	0.22	-0.70	-3.18
Impairment Charge	28	0.00	0.00	-	0.28	4.02	375	1.14	70	0.13	58
Total Other Income / (Expense), net	1.85	-98	-9.31	-31	-31	-38	-18	-17	0.96	0.59	0.86
Interest Expense	11	12	12	28	25	22	22	19	0.22	0.46	0.72
Interest & Investment Income	13	11	2.20	2.34	1.55	4.68	3.19	2.34	1.18	1.05	1.57
Other Income / (Expense), net	0.00	-97	0.00	-5.01	-7.84	-21	0.00	-	-	-	-
Income Tax Expense	-4.88	2.03	-116	-0.36	-0.07	0.78	-27	-38	2.82	9.33	-11
Basic Earnings per Share	$1.31	($0.56)	$3.35	$0.53	($0.17)	($1.66)	($8.63)	($1.16)	($3.10)	($0.80)	($1.70)
Weighted Average Basic Shares Outstanding	56.43M	53.77M	49.91M	49.07M	48.36M	47.48M	47.15M	44.17M	39.34M	39.74M	39.35M
Diluted Earnings per Share	$1.23	($0.56)	$2.71	$0.49	($0.17)	($1.66)	($8.63)	($1.16)	($3.10)	($0.80)	($1.70)
Weighted Average Diluted Shares Outstanding	61.60M	53.77M	65.61M	53.64M	48.36M	47.48M	47.15M	44.17M	39.34M	39.74M	39.35M
Weighted Average Basic & Diluted Shares Outstanding	57.94M	56.37M	51.66M	50.65M	49.72M	49.00M	47.20M	44.30M	39.30M	40M	39.40M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	12	15	22	15	22	22	25	-85	8.74	129	15
Consolidated Net Income / (Loss)	12	15	22	15	22	22	25	-85	8.74	129	15
Net Income / (Loss) Continuing Operations	12	15	22	15	22	22	25	-85	8.74	129	15
Total Pre-Tax Income	15	4.36	25	17	23	24	23	-84	9.00	12	15
Total Operating Income	14	3.88	24	17	22	24	22	14	9.81	13	18
Total Gross Profit	68	74	79	75	75	79	77	68	62	63	70
Total Revenue	167	182	185	176	174	174	177	162	154	154	172
Operating Revenue	167	182	185	176	174	174	177	162	154	154	172
Total Cost of Revenue	99	108	106	100	99	95	100	94	91	91	102
Operating Cost of Revenue	99	108	106	100	99	95	100	94	91	91	102
Total Operating Expenses	54	70	55	59	53	54	55	54	52	50	52
Selling, General & Admin Expense	25	25	25	25	25	23	23	24	23	21	22
Research & Development Expense	29	31	32	32	30	29	29	27	28	26	27
Amortization Expense	0.82	1.58	1.69	1.83	1.89	2.12	2.12	2.12	2.11	2.50	2.51
Other Operating Expenses / (Income)	-0.04	-16	-4.32	0.55	-2.86	-0.24	0.86	0.49	-0.09	-0.27	0.63
Total Other Income / (Expense), net	0.84	0.48	0.32	0.35	0.71	-	0.25	-98	-0.80	-1.56	-2.32
Interest Expense	2.51	2.78	2.88	2.77	2.62	3.07	2.78	3.05	2.88	2.88	2.89
Interest & Investment Income	3.34	3.26	3.20	3.12	3.32	3.07	3.02	2.42	2.07	1.33	0.57
Income Tax Expense	3.04	-11	2.71	2.13	0.90	2.55	-2.06	1.29	0.26	-117	0.21
Basic Earnings per Share	$0.21	$0.26	$0.39	$0.27	$0.39	$0.44	$0.44	($1.61)	$0.17	$2.59	$0.30
Weighted Average Basic Shares Outstanding	57.75M	56.43M	56.41M	56.28M	55.97M	53.77M	55.35M	52.86M	50.56M	49.91M	49.89M
Diluted Earnings per Share	$0.20	$0.25	$0.36	$0.25	$0.37	$0.46	$0.42	($1.61)	$0.17	$2.02	$0.27
Weighted Average Diluted Shares Outstanding	60.23M	61.60M	62.65M	62.54M	60.76M	53.77M	59.64M	52.86M	59.86M	65.61M	65.15M
Weighted Average Basic & Diluted Shares Outstanding	58.29M	57.94M	56.78M	56.78M	56.64M	56.37M	56.34M	56.35M	51.69M	51.66M	51.43M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	29	-18	-11	0.13	15	2.32	-24	40	-14	-14	52
Net Cash From Operating Activities	20	28	18	8.46	9.36	29	7.05	11	14	33	47
Net Cash From Continuing Operating Activities	20	28	18	8.46	9.36	29	7.05	11	14	33	47
Net Income / (Loss) Continuing Operations	12	15	22	15	22	22	25	-85	8.74	129	15
Consolidated Net Income / (Loss)	12	15	22	15	22	22	25	-85	8.74	129	15
Depreciation Expense	5.04	5.98	6.15	6.60	6.41	6.35	6.18	6.16	6.28	6.55	6.35
Amortization Expense	0.26	0.32	0.32	0.32	0.30	0.29	0.31	0.29	0.23	0.24	0.24
Non-Cash Adjustments To Reconcile Net Income	-13	14	16	5.01	-30	21	-23	116	16	102	-22
Changes in Operating Assets and Liabilities, net	15	-6.68	-26	-18	10	-20	-1.15	-26	-17	-205	48
Net Cash From Investing Activities	15	-46	-30	-9.94	21	-26	-30	3.13	-0.76	-48	4.80
Net Cash From Continuing Investing Activities	15	-46	-30	-9.94	21	-26	-30	3.13	-0.76	-48	4.80
Purchase of Property, Plant & Equipment	-6.76	-5.18	-3.99	-2.95	-5.99	-11	-6.40	-3.89	-6.95	-2.83	-6.35
Purchase of Investments	-45	-78	-61	-35	-29	-67	-41	-66	-3.49	-60	-10
Sale of Property, Plant & Equipment	0.00	-	-	-	2.03	-	-	-	0.00	-	-
Sale and/or Maturity of Investments	66	38	35	28	53	52	18	73	40	15	21
Net Cash From Financing Activities	-5.28	-0.25	0.90	1.62	-15	-1.05	-1.66	25	-27	0.36	0.08
Net Cash From Continuing Financing Activities	-5.28	-0.25	0.90	1.62	-15	-1.05	-1.66	25	-27	0.36	0.08
Repayment of Debt	0.00	-	-	-	0.00	-	-	-199	-20	-	-
Issuance of Debt	0.00	-	-	-	0.00	-	-	223	0.00	-	-
Issuance of Common Equity	1.40	0.94	1.18	1.87	1.32	0.91	1.09	1.38	1.24	0.79	0.78
Other Financing Activities, net	-6.68	-1.19	-0.29	-0.25	-16	-1.96	-2.75	-0.29	-8.51	-0.43	-0.70
Effect of Exchange Rate Changes	0.01	-0.08	0.14	-0.00	-0.04	0.04	-0.01	-0.05	0.01	0.06	-0.06
Cash Interest Paid	0.71	4.02	0.80	4.06	0.62	4.49	0.67	3.88	2.74	2.38	2.72
Cash Income Taxes Paid	-1.67	0.07	0.44	1.54	0.99	1.23	0.88	2.60	0.39	0.09	0.27

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,279	1,273	1,235	1,234	1,246	1,228	1,167	997
Total Current Assets	795	761	718	716	721	709	643	650
Cash & Equivalents	175	163	174	174	156	181	141	169
Restricted Cash	0.17	0.26	0.29	0.33	0.38	0.44	0.48	0.56
Short-Term Investments	178	158	131	123	130	106	112	102
Accounts Receivable	148	163	132	141	152	151	138	173
Inventories, net	254	242	245	243	252	244	226	188
Prepaid Expenses	39	35	36	35	30	27	26	18
Plant, Property, & Equipment, net	114	113	113	115	118	112	113	108
Total Noncurrent Assets	370	399	403	403	407	407	411	238
Goodwill	215	215	215	215	215	215	215	182
Intangible Assets	8.01	39	40	42	46	48	50	26
Noncurrent Deferred & Refundable Income Taxes	119	116	118	119	118	115	116	1.64
Other Noncurrent Operating Assets	29	30	30	27	28	29	30	29
Total Liabilities & Shareholders' Equity	1,279	1,273	1,235	1,234	1,246	1,228	1,167	997
Total Liabilities	467	526	520	546	602	616	582	556
Total Current Liabilities	179	215	204	234	268	282	267	260
Short-Term Debt	0.00	26	26	26	0.00	0.00	0.00	20
Accounts Payable	58	50	47	54	63	63	62	51
Accrued Expenses	62	57	50	59	66	62	69	65
Current Deferred Revenue	57	80	81	94	139	157	133	122
Current Deferred & Payable Income Tax Liabilities	1.55	1.06	-	0.85	0.48	0.56	2.53	1.57
Total Noncurrent Liabilities	288	311	316	311	334	334	315	295
Long-Term Debt	250	249	249	249	275	274	255	254
Noncurrent Deferred & Payable Income Tax Liabilities	0.66	6.38	6.45	6.50	6.87	6.88	6.94	4.75
Other Noncurrent Operating Liabilities	37	55	61	56	52	52	53	36
Total Equity & Noncontrolling Interests	812	747	715	688	644	613	586	441
Total Preferred & Common Equity	812	747	715	688	644	613	586	441
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	812	747	715	688	644	613	586	441
Common Stock	1,257	1,218	1,209	1,197	1,197	1,190	1,077	1,072
Retained Earnings	-447	-473	-495	-510	-554	-578	-493	-631
Accumulated Other Comprehensive Income / (Loss)	1.63	1.85	1.47	1.48	1.50	1.37	1.40	0.22

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.12%	4.72%	4.20%	8.81%	13.67%	13.09%	3.17%	-1.44%	-1.87%	0.54%	14.42%
EBITDA Growth	-32.37%	-66.97%	7.15%	130.72%	76.27%	52.76%	19.03%	-493.21%	-29.08%	-25.56%	-8.92%
EBIT Growth	-35.82%	-83.96%	9.31%	120.05%	124.81%	80.58%	26.75%	-750.42%	-40.63%	-24.03%	6.99%
NOPAT Growth	-46.73%	-38.40%	-10.87%	52.78%	122.46%	-85.17%	40.29%	-21.15%	-40.70%	587.80%	10.36%
Net Income Growth	-45.33%	-30.84%	-10.67%	117.52%	150.02%	-83.22%	63.38%	-983.69%	-34.43%	1,471.57%	67.25%
EPS Growth	-45.95%	-45.65%	-14.29%	115.53%	117.65%	-77.23%	55.56%	-994.44%	-29.17%	1,246.67%	58.82%
Operating Cash Flow Growth	113.57%	-3.73%	149.70%	-24.62%	-32.74%	-10.95%	-85.06%	231.77%	-43.85%	93.70%	57.77%
Free Cash Flow Firm Growth	46.18%	32.56%	71.02%	44.09%	55.99%	-281.65%	-3,914.07%	-320.94%	-547.61%	429.54%	169.30%
Invested Capital Growth	6.37%	9.48%	10.94%	14.22%	13.47%	16.76%	42.39%	29.30%	31.62%	24.21%	3.02%
Revenue Q/Q Growth	-8.15%	-1.45%	5.08%	0.80%	0.32%	-1.94%	9.73%	5.30%	-0.19%	-10.54%	4.83%
EBITDA Q/Q Growth	90.91%	-66.95%	30.32%	-17.76%	-6.75%	7.20%	137.37%	-571.89%	-19.19%	-16.46%	23.43%
EBIT Q/Q Growth	264.73%	-84.06%	45.53%	-24.15%	-8.84%	8.62%	126.69%	-950.53%	-26.78%	-23.75%	36.97%
NOPAT Q/Q Growth	-15.37%	-38.47%	47.99%	-30.87%	-2.13%	-10.97%	153.66%	0.65%	-93.47%	742.10%	42.56%
Net Income Q/Q Growth	-20.17%	-31.83%	46.89%	-31.62%	1.00%	-11.95%	128.80%	-1,076.09%	-93.22%	757.10%	55.78%
EPS Q/Q Growth	-20.00%	-30.56%	44.00%	-32.43%	-19.57%	9.52%	126.09%	-1,047.06%	-91.58%	648.15%	50.00%
Operating Cash Flow Q/Q Growth	-29.57%	61.15%	108.33%	-9.68%	-68.25%	317.99%	-37.11%	-19.41%	-57.96%	-29.86%	1,296.18%
Free Cash Flow Firm Q/Q Growth	34.46%	-0.01%	32.80%	-22.17%	17.87%	57.03%	-29.67%	3.85%	-439.03%	802.34%	114.31%
Invested Capital Q/Q Growth	0.84%	0.15%	2.33%	2.93%	3.79%	1.48%	5.35%	2.25%	6.80%	23.77%	-4.33%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	40.93%	40.62%	42.86%	42.86%	43.22%	45.22%	43.34%	41.77%	40.40%	40.91%	40.69%
EBITDA Margin	11.62%	5.59%	16.67%	13.44%	16.47%	17.72%	16.21%	-47.61%	10.62%	13.12%	14.05%
Operating Margin	8.46%	2.13%	13.17%	9.51%	12.63%	13.90%	12.55%	8.47%	6.39%	8.71%	10.22%
EBIT Margin	8.46%	2.13%	13.17%	9.51%	12.63%	13.90%	12.55%	-51.60%	6.39%	8.71%	10.22%
Profit (Net Income) Margin	7.14%	8.22%	11.88%	8.50%	12.52%	12.44%	13.86%	-52.78%	5.69%	83.82%	8.75%
Tax Burden Percent	79.73%	343.63%	89.02%	87.54%	96.06%	89.47%	109.17%	101.53%	97.08%	1,089.37%	98.64%
Interest Burden Percent	105.91%	112.27%	101.33%	102.09%	103.20%	100.00%	101.11%	100.76%	91.82%	88.37%	86.82%
Effective Tax Rate	20.27%	-243.63%	10.98%	12.46%	3.94%	10.53%	-9.17%	0.00%	2.92%	-989.37%	1.36%
Return on Invested Capital (ROIC)	6.97%	7.81%	12.47%	9.09%	13.32%	13.92%	16.46%	7.14%	7.72%	123.58%	14.86%
ROIC Less NNEP Spread (ROIC-NNEP)	5.91%	4.51%	11.46%	7.63%	6.75%	13.92%	10.71%	-607.67%	4.16%	267.93%	329.17%
Return on Net Nonoperating Assets (RNNOA)	-0.49%	-0.31%	-0.47%	-0.24%	-0.11%	-0.66%	-0.09%	-18.15%	0.18%	-6.20%	-0.55%
Return on Equity (ROE)	6.47%	7.50%	11.99%	8.84%	13.21%	13.26%	16.37%	-11.02%	7.91%	117.37%	14.32%
Cash Return on Invested Capital (CROIC)	2.81%	1.62%	1.50%	-0.55%	-3.43%	-7.24%	-27.28%	-18.39%	9.10%	18.21%	11.86%
Operating Return on Assets (OROA)	4.78%	1.23%	7.41%	5.42%	7.23%	7.86%	7.23%	-30.83%	3.94%	5.55%	6.61%
Return on Assets (ROA)	4.04%	4.75%	6.69%	4.84%	7.17%	7.03%	7.99%	-31.54%	3.51%	53.43%	5.66%
Return on Common Equity (ROCE)	6.47%	7.50%	11.99%	8.84%	13.21%	13.26%	16.37%	-11.02%	7.91%	117.37%	14.32%
Return on Equity Simple (ROE_SIMPLE)	7.86%	0.00%	10.77%	11.61%	-2.51%	0.00%	11.93%	11.00%	27.73%	0.00%	10.48%
Net Operating Profit after Tax (NOPAT)	11	13	22	15	21	22	24	9.58	9.52	146	17
NOPAT Margin	6.74%	7.32%	11.72%	8.32%	12.14%	12.44%	13.70%	5.93%	6.20%	94.86%	10.08%
Net Nonoperating Expense Percent (NNEP)	1.06%	3.30%	1.00%	1.45%	6.57%	0.00%	5.75%	614.81%	3.56%	-144.35%	-314.30%
Return On Investment Capital (ROIC_SIMPLE)	1.06%	1.27%	-	-	-	2.28%	-	-	-	17.11%	-
Cost of Revenue to Revenue	59.07%	59.38%	57.14%	57.14%	56.78%	54.78%	56.66%	58.23%	59.60%	59.09%	59.31%
SG&A Expenses to Revenue	14.96%	13.77%	13.69%	13.98%	14.16%	13.51%	12.86%	14.74%	14.74%	13.63%	12.88%
R&D to Revenue	17.04%	16.99%	17.43%	18.02%	16.99%	16.73%	16.25%	16.94%	17.96%	17.12%	15.77%
Operating Expenses to Revenue	32.47%	38.49%	29.69%	33.36%	30.59%	31.32%	30.79%	33.30%	34.01%	32.20%	30.47%
Earnings before Interest and Taxes (EBIT)	14	3.88	24	17	22	24	22	-83	9.81	13	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	10	31	24	29	31	29	-77	16	20	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.97	2.52	3.70	2.88	2.60	2.46	2.17	1.86	1.65	2.14
Price to Tangible Book Value (P/TBV)	1.98	2.78	3.82	5.75	4.60	4.23	4.13	3.80	3.41	2.57	4.05
Price to Revenue (P/Rev)	1.64	2.12	2.65	3.77	2.88	2.62	2.45	2.07	1.70	1.48	1.46
Price to Earnings (P/E)	18.23	20.64	23.40	31.87	0.00	0.00	20.59	19.70	6.72	5.72	20.38
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	5.48%	4.84%	4.27%	3.14%	0.00%	0.00%	4.86%	5.08%	14.87%	17.47%	4.91%
Enterprise Value to Invested Capital (EV/IC)	1.50	2.07	2.62	3.82	2.94	2.68	2.49	2.19	1.86	1.69	2.13
Enterprise Value to Revenue (EV/Rev)	1.49	2.03	2.59	3.73	2.85	2.58	2.43	2.05	1.70	1.44	1.46
Enterprise Value to EBITDA (EV/EBITDA)	12.61	15.56	16.10	23.36	18.07	0.00	18.41	16.28	13.63	10.67	10.07
Enterprise Value to EBIT (EV/EBIT)	17.94	21.70	21.04	30.70	23.85	0.00	26.57	24.15	20.40	15.38	14.64
Enterprise Value to NOPAT (EV/NOPAT)	17.17	20.26	23.20	32.00	34.06	35.08	37.96	34.50	5.81	4.70	14.56
Enterprise Value to Operating Cash Flow (EV/OCF)	14.24	22.77	28.29	48.13	34.31	27.85	24.07	12.47	11.20	8.55	10.22
Enterprise Value to Free Cash Flow (EV/FCFF)	54.86	133.35	184.06	0.00	0.00	0.00	0.00	0.00	23.25	10.27	18.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.36	0.37	0.39	0.40	0.41	0.43	0.45	0.44	0.48	0.62
Long-Term Debt to Equity	0.31	0.32	0.33	0.35	0.36	0.41	0.43	0.45	0.44	0.44	0.58
Financial Leverage	-0.08	-0.07	-0.04	-0.03	-0.02	-0.05	-0.01	0.03	0.04	-0.02	0.00
Leverage Ratio	1.68	1.72	1.81	1.86	1.89	1.89	2.07	2.08	2.11	2.00	2.28
Compound Leverage Factor	1.77	1.93	1.84	1.89	1.95	1.89	2.09	2.09	1.94	1.76	1.98
Debt to Total Capital	23.54%	26.38%	26.98%	27.82%	28.58%	29.02%	29.88%	30.93%	30.31%	32.22%	38.35%
Short-Term Debt to Total Capital	0.00%	2.53%	2.59%	2.67%	2.74%	0.00%	0.00%	0.00%	0.00%	2.37%	2.82%
Long-Term Debt to Total Capital	23.54%	23.85%	24.39%	25.15%	25.83%	29.02%	29.88%	30.93%	30.31%	29.85%	35.54%
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	76.46%	73.62%	73.02%	72.18%	71.42%	70.98%	70.12%	69.07%	69.69%	67.78%	61.65%
Debt to EBITDA	2.97	2.96	2.42	2.46	2.54	-257.68	3.22	3.40	3.18	3.16	2.92
Net Debt to EBITDA	-1.23	-0.73	-0.40	-0.26	-0.20	28.91	-0.14	-0.15	0.02	-0.33	0.03
Long-Term Debt to EBITDA	2.97	2.67	2.19	2.22	2.29	-257.68	3.22	3.40	3.18	2.93	2.71
Debt to NOPAT	4.05	3.85	3.49	3.37	4.78	5.62	6.63	7.20	1.35	1.39	4.23
Net Debt to NOPAT	-1.68	-0.95	-0.57	-0.36	-0.38	-0.63	-0.30	-0.33	0.01	-0.14	0.04
Long-Term Debt to NOPAT	4.05	3.48	3.15	3.05	4.33	5.62	6.63	7.20	1.35	1.29	3.92
Altman Z-Score	2.18	2.52	2.76	3.60	2.68	2.36	1.97	1.35	1.50	1.47	1.31
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	4.44	3.98	3.54	3.52	3.05	3.24	2.69	2.51	2.41	2.59	2.50
Quick Ratio	2.80	2.49	2.25	2.14	1.87	1.99	1.64	1.55	1.46	1.72	1.71
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-31	-48	-47	-71	-58	-70	-164	-126	-131	39	4.30
Operating Cash Flow to CapEx	295.96%	548.08%	441.34%	286.32%	236.57%	275.59%	110.30%	288.35%	200.37%	1,168.69%	743.27%
Free Cash Flow to Firm to Interest Expense	-12.42	-17.09	-16.49	-25.55	-22.09	-22.97	-59.02	-41.42	-45.73	13.45	1.49
Operating Cash Flow to Interest Expense	7.98	10.21	6.11	3.06	3.57	9.62	2.54	3.68	4.84	11.48	16.36
Operating Cash Flow Less CapEx to Interest Expense	5.28	8.35	4.73	1.99	2.06	6.13	0.24	2.40	2.43	10.50	14.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.58	0.56	0.57	0.57	0.57	0.58	0.60	0.62	0.64	0.65
Accounts Receivable Turnover	4.92	5.49	4.50	4.97	4.93	4.97	3.98	4.35	4.89	4.81	4.50
Inventory Turnover	1.66	1.71	1.62	1.61	1.66	1.72	1.71	1.80	1.90	2.03	2.13
Fixed Asset Turnover	6.20	6.18	6.14	6.22	6.02	5.90	5.70	5.91	5.92	6.24	6.38
Accounts Payable Turnover	7.39	9.62	7.08	7.18	6.71	8.08	6.61	6.86	6.50	7.94	7.63
Days Sales Outstanding (DSO)	74.23	66.49	81.07	73.47	73.99	73.42	91.69	83.97	74.59	75.87	81.19
Days Inventory Outstanding (DIO)	219.73	213.88	225.26	226.02	220.05	212.73	212.93	202.99	192.35	180.01	171.73
Days Payable Outstanding (DPO)	49.42	37.93	51.52	50.81	54.42	45.19	55.24	53.18	56.13	45.99	47.83
Cash Conversion Cycle (CCC)	244.54	242.44	254.82	248.68	239.62	240.96	249.38	233.79	210.81	209.90	205.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	708	702	701	685	666	642	632	600	587	550	444
Invested Capital Turnover	1.03	1.07	1.06	1.09	1.10	1.12	1.20	1.20	1.25	1.30	1.48
Increase / (Decrease) in Invested Capital	42	61	69	85	79	92	188	136	141	107	13
Enterprise Value (EV)	1,060	1,453	1,836	2,616	1,960	1,717	1,572	1,315	1,093	927	945
Market Capitalization	1,163	1,522	1,881	2,646	1,982	1,748	1,584	1,327	1,092	955	942
Book Value per Share	$14.01	$13.58	$13.15	$12.62	$12.29	$11.94	$11.44	$11.85	$11.33	$11.24	$8.58
Tangible Book Value per Share	$10.16	$9.63	$8.68	$8.12	$7.70	$7.34	$6.81	$6.76	$6.20	$7.23	$4.53
Total Capital	1,062	1,047	1,022	991	963	947	919	887	840	852	716
Total Debt	250	276	276	276	275	275	275	274	255	275	274
Total Long-Term Debt	250	250	249	249	249	275	275	274	255	254	254
Net Debt	-104	-68	-45	-30	-22	-31	-12	-13	1.35	-28	2.89
Capital Expenditures (CapEx)	6.76	5.18	3.99	2.95	3.96	11	6.40	3.89	6.95	2.83	6.35
Debt-free, Cash-free Net Working Capital (DFCFNWC)	262	254	251	236	211	182	166	140	123	128	138
Debt-free Net Working Capital (DFNWC)	616	599	572	541	508	488	453	427	376	431	410
Net Working Capital (NWC)	616	572	546	514	482	488	453	427	376	411	390
Net Nonoperating Expense (NNE)	-0.67	-1.64	-0.29	-0.31	-0.68	0.00	-0.27	95	0.78	17	2.28
Net Nonoperating Obligations (NNO)	-104	-68	-45	-30	-22	-31	-12	-13	1.35	-28	2.89
Total Depreciation and Amortization (D&A)	5.29	6.30	6.48	6.92	6.70	6.64	6.49	6.45	6.50	6.79	6.59
Debt-free, Cash-free Net Working Capital to Revenue	36.96%	35.44%	35.43%	33.57%	30.66%	27.38%	25.70%	21.85%	19.08%	19.84%	21.41%
Debt-free Net Working Capital to Revenue	86.74%	83.47%	80.71%	77.06%	73.89%	73.26%	70.09%	66.61%	58.47%	66.73%	63.48%
Net Working Capital to Revenue	86.74%	79.78%	76.97%	73.29%	70.05%	73.26%	70.09%	66.61%	58.47%	63.61%	60.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.21	$0.26	$0.39	$0.27	$0.39	$0.44	$0.44	($1.61)	$0.17	$2.59	$0.30
Adjusted Weighted Average Basic Shares Outstanding	57.75M	56.43M	56.41M	56.28M	55.97M	53.77M	55.35M	52.86M	50.56M	49.91M	49.89M
Adjusted Diluted Earnings per Share	$0.20	$0.25	$0.36	$0.25	$0.37	$0.46	$0.42	($1.61)	$0.17	$2.02	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	60.23M	61.60M	62.65M	62.54M	60.76M	53.77M	59.64M	52.86M	59.86M	65.61M	65.15M
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	58.29M	57.94M	56.78M	56.78M	56.64M	56.37M	56.34M	56.35M	51.69M	51.66M	51.43M
Normalized Net Operating Profit after Tax (NOPAT)	11	2.72	22	15	21	22	16	9.58	9.52	9.37	17
Normalized NOPAT Margin	6.74%	1.49%	11.72%	8.32%	12.14%	12.44%	8.79%	5.93%	6.20%	6.10%	10.08%
Pre Tax Income Margin	8.96%	2.39%	13.34%	9.71%	13.04%	13.90%	12.69%	-51.99%	5.87%	7.69%	8.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.65	1.40	8.45	6.05	8.42	7.89	8.02	-27.33	3.41	4.64	6.09
NOPAT to Interest Expense	4.50	4.80	7.52	5.29	8.09	7.06	8.75	3.14	3.31	50.59	6.00
EBIT Less CapEx to Interest Expense	2.95	-0.47	7.06	4.98	6.91	4.40	5.71	-28.60	0.99	3.66	3.89
NOPAT Less CapEx to Interest Expense	1.81	2.93	6.13	4.22	6.57	3.57	6.45	1.86	0.90	49.60	3.80
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%	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. See Veeco Instruments' forecast for analyst expectations on what’s next for the company.

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 5/25/2025 by MarketBeat.com Staff

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Veeco Instruments (VECO) Financials

Frequently Asked Questions About Veeco Instruments' Financials

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Veeco Instruments (VECO) Financials

Annual Income Statements for Veeco Instruments

Quarterly Income Statements for Veeco Instruments

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Quarterly Cash Flow Statements for Veeco Instruments

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Quarterly Balance Sheets for Veeco Instruments

Annual Metrics And Ratios for Veeco Instruments

Quarterly Metrics And Ratios for Veeco Instruments

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