Veeco Instrs Inc Del Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Veeco Instrs Inc Del has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 47/100, indicating healthy but not exceptional operating efficiency. This is down from 10.5% the prior year.
Veeco Instrs Inc Del's revenue grew 7.6% year-over-year to $717.3M, a solid pace of expansion. This earns a growth score of 50/100.
Veeco Instrs Inc Del carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.98, Veeco Instrs Inc Del holds $3.98 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Veeco Instrs Inc Del has a free cash flow margin of 6.4%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.
Veeco Instrs Inc Del's ROE of 9.6% shows moderate profitability relative to equity, earning a score of 38/100.
Veeco Instrs Inc Del scores 3.31, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.0B) relative to total liabilities ($480.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Veeco Instrs Inc Del passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Veeco Instrs Inc Del generates $0.87 in operating cash flow ($63.8M OCF vs $73.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Veeco Instrs Inc Del earns $6.9 in operating income for every $1 of interest expense ($67.0M vs $9.7M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows Veeco Instrs Inc Del (VECO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Veeco Instrs Inc Del generated $717.3M in revenue in fiscal year 2024. This represents an increase of 7.6% from the prior year.
Veeco Instrs Inc Del's EBITDA was $92.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.9% from the prior year.
Veeco Instrs Inc Del generated $45.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 35.4% from the prior year.
Veeco Instrs Inc Del reported $73.7M in net income in fiscal year 2024. This represents an increase of 342.7% from the prior year.
Veeco Instrs Inc Del earned $1.23 per diluted share (EPS) in fiscal year 2024. This represents an increase of 319.6% from the prior year.
Veeco Instrs Inc Del held $145.6M in cash against $249.7M in long-term debt as of fiscal year 2024.
Veeco Instrs Inc Del had 58M shares outstanding in fiscal year 2024. This represents an increase of 2.8% from the prior year.
Veeco Instrs Inc Del's gross margin was 42.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the prior year.
Veeco Instrs Inc Del's operating margin was 9.3% in fiscal year 2024, reflecting core business profitability. This is down 1.1 percentage points from the prior year.
Veeco Instrs Inc Del's net profit margin was 10.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 14.8 percentage points from the prior year.
Veeco Instrs Inc Del's ROE was 9.6% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Veeco Instrs Inc Del invested $124.5M in research and development in fiscal year 2024. This represents an increase of 10.3% from the prior year.
Veeco Instrs Inc Del invested $18.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 35.1% from the prior year.
VECO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $165.9M-0.1% | $166.1M-0.7% | $167.3M-8.1% | $182.1M+3.6% | $175.9M+0.8% | $174.5M+0.3% | $173.9M-1.9% | $177.4M |
| Cost of Revenue | $98.2M+0.8% | $97.4M-1.5% | $98.8M-8.6% | $108.1M+7.6% | $100.5M+1.4% | $99.1M+4.0% | $95.3M-5.2% | $100.5M |
| Gross Profit | $67.7M-1.5% | $68.7M+0.4% | $68.5M-7.5% | $74.0M-1.9% | $75.4M0.0% | $75.4M-4.1% | $78.7M+2.3% | $76.9M |
| R&D Expenses | $29.0M-8.1% | $31.6M+10.7% | $28.5M-7.9% | $31.0M-2.3% | $31.7M+6.9% | $29.6M+1.9% | $29.1M+0.9% | $28.8M |
| SG&A Expenses | $27.3M+13.9% | $23.9M-4.4% | $25.0M-0.2% | $25.1M+2.0% | $24.6M-0.4% | $24.7M+5.1% | $23.5M+3.0% | $22.8M |
| Operating Income | $10.6M-14.7% | $12.4M-12.6% | $14.1M+264.7% | $3.9M-76.8% | $16.7M-24.1% | $22.0M-8.8% | $24.2M+8.6% | $22.3M |
| Interest Expense | $1.9M-6.0% | $2.1M-5.7% | $2.2M-2.5% | $2.2M-8.0% | $2.4M-7.0% | $2.6M-14.6% | $3.1M+10.4% | $2.8M |
| Income Tax | $1.3M+43.9% | $889K-70.7% | $3.0M+128.6% | -$10.6M-598.8% | $2.1M+137.4% | $896K-64.8% | $2.5M+223.4% | -$2.1M |
| Net Income | $10.6M-9.7% | $11.7M-1.8% | $11.9M-20.2% | $15.0M+0.1% | $14.9M-31.6% | $21.9M+1.0% | $21.6M-12.0% | $24.6M |
| EPS (Diluted) | $0.17-15.0% | $0.200.0% | $0.20-20.0% | $0.250.0% | $0.25-32.4% | $0.37-19.6% | $0.46+9.5% | $0.42 |
VECO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+1.2% | $1.3B-0.3% | $1.3B+2.2% | $1.3B+1.3% | $1.2B+0.1% | $1.2B+0.4% | $1.2B-1.4% | $1.2B |
| Current Assets | $810.3M+2.3% | $791.9M-0.4% | $794.8M+4.0% | $764.5M+6.5% | $718.2M+0.3% | $715.9M+1.4% | $706.3M-2.0% | $720.8M |
| Cash & Equivalents | $193.2M+2.3% | $188.9M+8.0% | $174.9M+20.1% | $145.6M-16.4% | $174.2M+0.1% | $174.0M+9.6% | $158.8M+1.5% | $156.4M |
| Inventory | $263.3M+1.7% | $259.0M+1.9% | $254.1M+3.0% | $246.7M+0.7% | $245.1M+0.8% | $243.3M+2.4% | $237.6M-5.7% | $252.1M |
| Accounts Receivable | $116.5M+9.3% | $106.5M-6.9% | $114.4M+18.1% | $96.8M+4.8% | $92.4M-13.3% | $106.5M+3.4% | $103.0M-15.8% | $122.4M |
| Goodwill | $215.0M0.0% | $215.0M0.0% | $215.0M0.0% | $215.0M0.0% | $215.0M0.0% | $215.0M0.0% | $215.0M0.0% | $215.0M |
| Total Liabilities | $413.9M-1.1% | $418.5M-10.4% | $467.0M-2.9% | $480.8M-7.6% | $520.1M-4.7% | $545.8M-1.9% | $556.6M-7.5% | $601.8M |
| Current Liabilities | $151.2M-2.6% | $155.2M-13.2% | $178.9M-7.0% | $192.3M-5.7% | $204.0M-13.0% | $234.4M+7.5% | $218.0M-18.6% | $267.8M |
| Long-Term Debt | $225.7M+0.1% | $225.4M-9.8% | $250.0M+0.1% | $249.7M+0.2% | $249.1M+0.1% | $248.8M-9.5% | $274.9M+0.1% | $274.6M |
| Total Equity | $876.0M+2.3% | $856.2M+5.5% | $811.9M+5.3% | $770.8M+7.8% | $715.0M+3.9% | $687.9M+2.3% | $672.4M+4.3% | $644.5M |
| Retained Earnings | -$424.2M+2.4% | -$434.8M+2.6% | -$446.5M+2.6% | -$458.5M+7.5% | -$495.4M+2.9% | -$510.3M+4.1% | -$532.2M+3.9% | -$553.8M |
VECO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.5M+71.8% | $9.0M-54.8% | $20.0M-29.6% | $28.4M+235.7% | $8.5M-9.7% | $9.4M-68.3% | $29.5M+318.0% | $7.1M |
| Capital Expenditures | $2.6M-28.3% | $3.6M-46.8% | $6.8M+30.4% | $5.2M+75.4% | $3.0M-50.7% | $6.0M-44.0% | $10.7M+67.3% | $6.4M |
| Free Cash Flow | $13.0M+137.8% | $5.4M-58.9% | $13.2M-43.0% | $23.2M+321.8% | $5.5M+63.2% | $3.4M-82.1% | $18.8M+2750.7% | $659K |
| Investing Cash Flow | -$12.1M-227.2% | $9.5M-34.3% | $14.5M+131.8% | -$45.7M-359.7% | -$9.9M-148.0% | $20.7M+179.3% | -$26.1M+11.5% | -$29.5M |
| Financing Cash Flow | $820K+117.4% | -$4.7M+10.8% | -$5.3M-1977.2% | -$254K-115.7% | $1.6M+110.9% | -$14.8M-1313.3% | -$1.1M+36.7% | -$1.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VECO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.8%-0.6pp | 41.4%+0.5pp | 40.9%+0.3pp | 40.6%-2.2pp | 42.9%-0.4pp | 43.2%-2.0pp | 45.2%+1.9pp | 43.3% |
| Operating Margin | 6.4%-1.1pp | 7.4%-1.0pp | 8.5%+6.3pp | 2.1%-7.4pp | 9.5%-3.1pp | 12.6%-1.3pp | 13.9%+1.4pp | 12.6% |
| Net Margin | 6.4%-0.7pp | 7.1%-0.1pp | 7.1%-1.1pp | 8.2%-0.3pp | 8.5%-4.0pp | 12.5%+0.1pp | 12.4%-1.4pp | 13.9% |
| Return on Equity | 1.2%-0.2pp | 1.4%-0.1pp | 1.5%-0.5pp | 1.9%-0.1pp | 2.1%-1.1pp | 3.2%-0.0pp | 3.2%-0.6pp | 3.8% |
| Return on Assets | 0.8%-0.1pp | 0.9%0.0pp | 0.9%-0.3pp | 1.2%0.0pp | 1.2%-0.6pp | 1.8%0.0pp | 1.8%-0.2pp | 2.0% |
| Current Ratio | 5.36+0.3 | 5.10+0.7 | 4.44+0.5 | 3.98+0.5 | 3.52+0.5 | 3.05-0.2 | 3.24+0.5 | 2.69 |
| Debt-to-Equity | 0.260.0 | 0.26-0.0 | 0.31-0.0 | 0.32-0.0 | 0.35-0.0 | 0.36-0.0 | 0.41-0.0 | 0.43 |
| FCF Margin | 7.8%+4.5pp | 3.3%-4.6pp | 7.9%-4.8pp | 12.7%+9.6pp | 3.1%+1.2pp | 1.9%-8.9pp | 10.8%+10.4pp | 0.4% |
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Frequently Asked Questions
What is Veeco Instrs Inc Del's annual revenue?
Veeco Instrs Inc Del (VECO) reported $717.3M in total revenue for fiscal year 2024. This represents a 7.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Veeco Instrs Inc Del's revenue growing?
Veeco Instrs Inc Del (VECO) revenue grew by 7.6% year-over-year, from $666.4M to $717.3M in fiscal year 2024.
Is Veeco Instrs Inc Del profitable?
Yes, Veeco Instrs Inc Del (VECO) reported a net income of $73.7M in fiscal year 2024, with a net profit margin of 10.3%.
What is Veeco Instrs Inc Del's earnings per share (EPS)?
Veeco Instrs Inc Del (VECO) reported diluted earnings per share of $1.23 for fiscal year 2024. This represents a 319.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Veeco Instrs Inc Del's EBITDA?
Veeco Instrs Inc Del (VECO) had EBITDA of $92.1M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Veeco Instrs Inc Del have?
As of fiscal year 2024, Veeco Instrs Inc Del (VECO) had $145.6M in cash and equivalents against $249.7M in long-term debt.
What is Veeco Instrs Inc Del's gross margin?
Veeco Instrs Inc Del (VECO) had a gross margin of 42.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Veeco Instrs Inc Del's operating margin?
Veeco Instrs Inc Del (VECO) had an operating margin of 9.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Veeco Instrs Inc Del's net profit margin?
Veeco Instrs Inc Del (VECO) had a net profit margin of 10.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Veeco Instrs Inc Del's return on equity (ROE)?
Veeco Instrs Inc Del (VECO) has a return on equity of 9.6% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Veeco Instrs Inc Del's free cash flow?
Veeco Instrs Inc Del (VECO) generated $45.7M in free cash flow during fiscal year 2024. This represents a 35.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Veeco Instrs Inc Del's operating cash flow?
Veeco Instrs Inc Del (VECO) generated $63.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Veeco Instrs Inc Del's total assets?
Veeco Instrs Inc Del (VECO) had $1.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Veeco Instrs Inc Del's capital expenditures?
Veeco Instrs Inc Del (VECO) invested $18.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Veeco Instrs Inc Del spend on research and development?
Veeco Instrs Inc Del (VECO) invested $124.5M in research and development during fiscal year 2024.
How many shares does Veeco Instrs Inc Del have outstanding?
Veeco Instrs Inc Del (VECO) had 58M shares outstanding as of fiscal year 2024.
What is Veeco Instrs Inc Del's current ratio?
Veeco Instrs Inc Del (VECO) had a current ratio of 3.98 as of fiscal year 2024, which is generally considered healthy.
What is Veeco Instrs Inc Del's debt-to-equity ratio?
Veeco Instrs Inc Del (VECO) had a debt-to-equity ratio of 0.32 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Veeco Instrs Inc Del's return on assets (ROA)?
Veeco Instrs Inc Del (VECO) had a return on assets of 5.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Veeco Instrs Inc Del's Altman Z-Score?
Veeco Instrs Inc Del (VECO) has an Altman Z-Score of 3.31, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Veeco Instrs Inc Del's Piotroski F-Score?
Veeco Instrs Inc Del (VECO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Veeco Instrs Inc Del's earnings high quality?
Veeco Instrs Inc Del (VECO) has an earnings quality ratio of 0.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Veeco Instrs Inc Del cover its interest payments?
Veeco Instrs Inc Del (VECO) has an interest coverage ratio of 6.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Veeco Instrs Inc Del?
Veeco Instrs Inc Del (VECO) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.