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Veeco Instruments VECO
$ 54.58 -0.04%
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Quarterly report 2026-Q1
added 05-05-2026

Veeco Instruments Financial Ratios 2025-2011 | VECO

Brief overview of Veeco Instruments 's market valuation

The review covers five available annual periods spanning 2012 to 2025.

The latest available valuation ratios are P/E 48.41x (median 39.65x), EV/EBITDA 20.14x (median 55.59x), P/S 2.58x (median 2.31x). On average, multiples differ from their five-year medians by only +11.5%. Valuation is near its familiar historical range.

At the current P/E, inverse earnings yield is 2.1%, a useful bridge between price and business earnings.

The latest available business-quality ratios are ROE 4%, ROA 2.7%, ROCE 4%. Business quality is below comfortable levels on current returns. Better margins or turnover are needed.

A longer cycle, from 187.1 days to 250.6 days, indicates slower release of cash from operations.

Overall assessment

Veeco Instruments 's valuation and business quality look relatively balanced, with no pronounced distortion in either direction.

Annual Financial Ratios Veeco Instruments

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

P/E

48.4 18.9 -62.8 6.2 51.8 -106.4 -8.1 -1.1 -16.6 -8.5 -23.2 -17.1 -34.5 39.6 7.5

P/S

2.6 1.9 2.9 1.6 2.3 2.0 1.5 0.9 1.5 3.1 1.6 2.9 4.4 2.4 1.0

EPS

0.6 1.3 -0.6 3.4 0.5 -0.2 -1.7 -8.6 -1.2 -3.1 -0.8 -1.7 -1.1 0.8 3.2

EV (Enterprise Value)

1.99 B 1.72 B 2.3 B 1.42 B 1.69 B 1.25 B 955 M 713 M 1.01 B 923 M 648 M 1.07 B 1.41 B 968 M 919 M

EBITDA per Share

0.94 1.63 1.77 1.72 1.69 1.1 -0.254 0.0828 0.0471 -0.656 0.214 -0.916 -1.64 1.22 7.13

EV/EBITDA

20.1 35.6 -67.2 137.6 355.7 -29.5 55.6 -24.4 -19.6 18.0 2.6

PEG

29.96 -0.2 0.36 -0.04 -0.28 0.39 -0.1 0.0 -0.25 0.03 -0.44 0.31 0.15 -0.53 -0.12

P/B

1.9 1.8 2.8 1.8 3.1 2.2 1.7 1.1 0.9 1.7 1.0 1.6 1.9 1.5 1.3

P/CF

24.7 21.8 30.9 9.5 19.9 20.8 -35.0 -9.2 75.4 -29.3 389.5 43.3 -172.4 14.1 17.5

ROE %

4.00 9.56 -4.52 28.89 5.95 -2.05 -21.02 -92.99 -5.33 -20.55 -4.47 -9.06 -5.42 3.81 16.83

ROA %

2.67 5.89 -2.47 14.80 2.90 -0.93 -9.62 -45.19 -3.23 -16.11 -3.59 -7.20 -4.46 3.30 13.67

ROCE %

4.03 8.69 10.40 10.44 12.96 5.53 -4.17 -3.84 -2.87 -7.32 -2.62 -6.46 -8.45 5.09 36.19

Current Ratio

3.0 2.6 2.2 2.0 1.9 1.8 4.0 3.2 2.7 3.5 3.3 3.3 4.8 6.6 4.5

DSO

57.0 50.8 62.2 66.0 59.3 50.5 61.8 52.0 74.4 63.7 37.9 55.8 26.2 44.7 35.4

DIO

238.8 213.9 212.7 180.0 169.5 195.9 186.0 163.8 146.1 140.9 94.3 87.0 95.4 72.6 82.0

DPO

45.2 37.9 45.2 46.0 41.8 38.6 29.7 41.5 61.1 41.3 36.6 25.6 57.1 31.6 29.2

Operating Cycle

295.9 264.7 275.0 246.1 228.8 246.4 247.8 215.8 220.6 204.6 132.2 142.8 121.6 117.2 117.4

Cash Conversion Cycle

250.6 226.8 229.8 200.1 187.1 207.8 218.0 174.3 159.4 163.3 95.6 117.2 64.5 85.6 88.2

All numbers in USD currency

Quarterly Financial Ratios Veeco Instruments

2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

-0.01 - 0.18 0.2 0.21 - 0.39 0.27 0.39 - 0.44 -1.61 0.17 - 0.3 0.19 0.27 - 0.18 0.13 0.05 - 0.01 -0.17 -0.01 -0.69 -0.25 -0.33 -0.4 -3.11 -0.19 -5.02 -0.34 -0.18 -0.51 -0.49 0.04 -0.13 -1.78 -0.82 -0.4 -0.25 0.13 -0.21 -0.48 -1.44 -0.35 -0.39 0.49 -0.57 -0.16 -0.11 -0.26 -0.23 0.3 0.31 0.43 0.53 0.91 0.47 1.32

EBITDA per Share

0.04 - 0.24 0.28 0.33 - 0.51 0.38 0.51 - 0.48 0.33 0.32 - 0.43 0.34 0.46 - 0.74 0.54 0.33 - 0.62 0.33 0.26 - 0.39 0.13 -0.11 - 0.79 -4.84 0.13 - 0.23 -0.33 0.01 0.08 -1.09 -0.36 -0.17 - 0.91 0.45 -0.13 - - -0.11 0.62 - 0.06 0.03 -0.41 - 0.51 0.6 0.64 - 2.11 2.17 2.26

ROE %

3.75 4.05 6.99 8.72 9.44 8.21 12.02 12.89 -3.12 -8.62 -5.21 -5.62 10.61 9.01 11.07 9.73 8.93 4.17 4.14 2.22 -1.31 -2.05 -10.81 -14.09 -16.21 -21.02 -45.29 -102.09 -155.84 -154.50 -122.46 -67.63 -12.21 -8.40 -8.22 -14.82 -17.74 -20.54 -21.08 -8.64 -4.41 -4.47 -10.81 -13.44 -14.33 -9.06 -4.19 -3.07 -1.53 -5.42 -3.70 -1.48 0.50 3.81 7.59 10.86 11.93 16.83 4.72 2.53 6.92

ROA %

2.54 2.68 4.40 5.30 5.59 4.71 6.68 6.93 -1.23 -4.22 -2.72 -3.18 4.82 4.01 4.91 4.30 3.90 1.82 1.80 0.97 -0.61 -0.93 -4.94 -6.44 -7.42 -9.62 -21.67 -49.36 -75.59 -75.08 -59.64 -33.60 -6.96 -5.09 -5.13 -11.22 -13.95 -16.11 -16.55 -6.78 -3.49 -3.59 -8.61 -10.71 -11.41 -7.20 -3.41 -2.54 -1.33 -4.46 -3.09 -1.21 0.49 3.30 6.43 9.02 9.81 13.68 3.84 2.05 5.62

ROCE %

3.55 4.39 7.65 9.71 10.60 8.80 12.26 12.45 12.35 7.36 11.35 11.87 12.69 11.12 14.89 14.68 14.76 9.18 10.89 8.83 5.80 2.93 0.96 -2.71 -5.81 -8.74 -9.62 -8.54 -65.21 -63.17 -65.72 -67.39 -11.28 -6.77 -18.33 -27.33 -29.03 -19.38 -18.46 -5.98 -1.29 -1.86 -4.22 -7.51 -9.08 -1.98 -3.25 -2.16 -0.90 -4.66 -3.74 -1.55 1.19 5.37 15.08 23.88 32.92 32.09 9.71 10.91 11.47

Current Ratio

2.9 3.0 3.1 3.0 2.7 2.6 2.4 2.4 2.3 2.2 2.1 2.0 2.0 2.0 1.8 1.9 1.8 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.9 1.9 1.9 1.9 2.5 2.5 2.5 2.5 4.6 4.6 4.6 4.6 5.1 5.1 5.1 5.1 4.9 4.9 4.9 4.9 5.7 5.7 5.7 5.7 7.4 7.4 7.4 7.4 5.3 - - -

DSO

75.3 - 61.3 60.7 57.6 - 55.5 51.6 54.8 - 65.0 70.6 72.6 - 71.6 63.0 61.0 - 59.2 61.0 57.1 52.5 65.1 74.0 54.9 36.8 38.2 42.6 51.6 61.6 48.1 38.6 47.7 62.9 68.4 78.4 75.8 56.6 61.9 70.3 62.9 42.4 32.1 34.4 50.9 48.3 58.7 57.6 42.1 29.7 21.9 22.3 64.2 54.0 43.4 42.2 51.6 50.0 35.8 32.8 -

DIO

248.1 - 242.7 240.4 231.2 - 210.5 221.7 221.5 - 225.5 227.9 215.8 - 163.0 162.7 176.6 - 175.5 169.6 174.9 - 211.6 234.6 219.1 - 182.0 197.3 204.2 - 177.5 139.3 123.8 - 139.3 143.7 150.1 - 135.2 160.2 153.1 - 81.7 85.8 100.3 - 92.3 87.0 96.9 - 79.0 86.8 139.0 - 65.9 72.5 105.9 - 76.9 80.0 -

DPO

51.4 - 43.3 50.3 46.8 - 41.9 45.8 44.4 - 57.3 60.7 56.9 - 43.9 47.2 50.8 - 54.4 51.7 44.2 - 48.8 54.1 43.1 - 29.1 31.6 43.0 - 45.0 35.3 40.3 - 58.3 60.1 55.5 - 39.6 47.0 52.2 - 31.7 33.3 34.8 - 27.2 25.6 43.1 - 47.3 52.0 71.9 - 28.7 31.6 40.6 - 27.2 28.5 -

Operating Cycle

323.4 - 304.1 301.1 288.8 - 266.0 273.3 276.3 - 290.4 298.5 288.4 - 234.6 225.6 237.6 - 234.7 230.6 232.1 52.5 276.7 308.6 274.0 36.8 220.2 239.9 255.8 61.6 225.6 177.9 171.5 62.9 207.7 222.1 225.9 56.6 197.1 230.4 216.0 42.4 113.8 120.2 151.1 48.3 151.0 144.7 139.0 29.7 100.9 109.1 203.3 54.0 109.3 114.7 157.5 50.0 112.7 112.7 -

Cash Conversion Cycle

272.0 - 260.8 250.7 242.0 - 224.1 227.6 231.9 - 233.1 237.8 231.5 - 190.7 178.4 186.8 - 180.3 178.9 187.9 52.5 227.9 254.5 230.8 36.8 191.1 208.4 212.9 61.6 180.6 142.7 131.2 62.9 149.4 162.0 170.4 56.6 157.4 183.4 163.8 42.4 82.1 86.9 116.4 48.3 123.8 119.0 96.0 29.7 53.6 57.1 131.3 54.0 80.6 83.1 116.8 50.0 85.5 84.2 -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Veeco Instruments , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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