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VECO · Nasdaq · United States · Special Industry Machinery, Nec
In shortVEECO INSTRUMENTS INC is profitable, generates cash and holds more cash than debt, with revenue shrinking (−7.4% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.4% | 35/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.3% | 41/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 4.3% | 21/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 2.9% | 19/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.75× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.26× | 97/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 3.91× | 23/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 4.55 | 89/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 8.0% | 52/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.51× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 13.1% | 63/100 |
| Operating margin volatility | 2.0% | 91/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 0.9% | 22/100 |
|---|---|---|
| EPS growth, 3-year average | -39.8% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 583 | 646 | 666 | 717 | 664 |
| Cost of revenue | 341 | 383 | 381 | 413 | 399 |
| Gross profit | 242 | 263 | 285 | 304 | 265 |
| Research & development | 89 | 104 | 113 | 125 | 120 |
| Selling, general & admin | 85 | 89 | 93 | 100 | 99 |
| Operating income | 57 | 60 | 70 | 67 | 36 |
| Interest expense | 28 | 12 | 12 | 11 | 9.1 |
| Pre-tax income | 26 | 51 | (28) | 69 | 39 |
| Income tax | (0.4) | (116) | 2 | (4.9) | 4 |
| Net income | 26 | 167 | (30) | 74 | 35 |
| Diluted EPS | $0.49 | $2.71 | −$0.56 | $1.23 | $0.59 |
| Diluted shares (millions) | 54 | 66 | 54 | 62 | 61 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
4.55 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026