10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $664M | $35M | 40.0% | 5.4% | $53M | $226M | $163M |
| 2024 | $717M | $74M | 42.4% | 9.3% | $46M | $276M | $146M |
| 2023 | $666M | -$30M | 42.8% | 10.5% | $34M | $275M | $159M |
| 2022 | $646M | $167M | 40.7% | 9.3% | $84M | $275M | $155M |
| 2021 | $583M | $26M | 41.5% | 9.7% | $27M | $229M | $120M |
| 2020 | $454M | -$8M | 42.8% | 5.0% | $36M | $321M | $130M |
| 2019 | $419M | -$79M | 37.7% | -9.4% | -$18M | $300M | $129M |
| 2018 | $542M | -$407M | 35.7% | -76.6% | -$50M | $287M | $212M |
| 2017 | $476M | — | 37.0% | -15.1% | $11M | $276M | $280M |
| 2016 | $332M | — | 40.1% | -36.2% | -$35M | $1M | $277M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $158M | -$324000 | 35.3% | -1.7% | $3M | $226M | $180M |
| Dec '25 | $165M | $1M | 36.7% | -0.8% | $22M | $226M | $163M |
| Sep '25 | $166M | $11M | 40.8% | 6.4% | $13M | $226M | $193M |
| Jun '25 | $166M | $12M | 41.4% | 7.4% | $5M | $225M | $189M |
| Mar '25 | $167M | $12M | 40.9% | 8.5% | $13M | $250M | $175M |
| Dec '24 | $182M | $15M | 40.6% | 2.1% | $23M | $276M | $146M |
| Sep '24 | $185M | $22M | 42.9% | 13.2% | $14M | $276M | $163M |
| Jun '24 | $176M | $15M | 42.9% | 9.5% | $6M | $276M | $174M |
| Mar '24 | $174M | $22M | 43.2% | 12.6% | $3M | $275M | $174M |
| Dec '23 | $174M | $22M | 45.2% | 13.9% | $19M | $275M | $159M |
| Sep '23 | $177M | $25M | 43.3% | 12.6% | $659000 | $275M | $156M |
| Jun '23 | $162M | -$85M | 41.8% | 8.5% | $7M | $274M | $181M |
| Mar '23 | $154M | $9M | 40.4% | 6.4% | $7M | $255M | $141M |
| Dec '22 | $154M | $129M | 40.9% | 8.7% | $30M | $275M | $155M |
| Sep '22 | $172M | $15M | 40.7% | 10.2% | $41M | $274M | $169M |
| Jun '22 | $164M | $10M | 39.2% | 7.8% | -$1M | $274M | $117M |
| Mar '22 | $156M | $13M | 42.2% | 10.6% | $14M | $274M | $128M |
| Dec '21 | $153M | $8M | 41.9% | 11.5% | $8M | $229M | $120M |
| Sep '21 | $150M | $9M | 42.0% | 10.9% | $8M | $332M | $122M |
| Jun '21 | $146M | $6M | 41.1% | 9.1% | $3M | $328M | $115M |
How the market has priced VECO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Veeco Instruments Inc's revenue has grown 7.9% per year. These are computed facts, not advice.
As of FY2025, Veeco Instruments Inc reported $226M of total debt against $163M of cash; operating income covered interest expense 3.9×.
In FY2025, gross margin was 40.0%, operating margin 5.4%, and net margin 5.3%.
As of Jun '26, Veeco Instruments Inc traded at a price-to-earnings ratio of about 130.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.