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MARKETS / NASDAQ / Industrials / Machinery and equipment / VECO
NASDAQ · SPECIAL INDUSTRY MACHINERY, NEC · LARGE CAP

Veeco Instruments Inc. VECO

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$664.3M
▼ 7.4% YoY
$35.4M
▼ 52.0% YoY
$53.3M
▲ 16.6% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Veeco Instruments Inc. manufactures semiconductor process equipment that addresses materials engineering problems for its customers. At December 31, 2025, it employed 1,265 employees, with 297 in the Asia-Pacific region, 45 in the EMEA region, and 923 in the United States. Its products are purchased by customers in four end-markets: Semiconductor, Compound Semiconductor, Data Storage, and Scientific and Other. In the Data Storage market, its systems enable customers to manufacture the magnetic heads for hard disk drives. It has approximately 350 patents in the United States and other countries. Its backlog was $554.9 million and $409.6 million at December 31, 2025 and 2024, respectively. Headquartered in Plainview, New York, it was organized as a Delaware corporation in 1989.

Written from the business description in VEECO INSTRUMENTS INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth

USD 664.3M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 664.3 · Net income 35.4
400M800M-150M-300M
2009201220152018202120242025
Compound annual growth
+0.9%
+7.9%
+3.4%
−2.2%
−40.4%
−39.8%
−16.3%
+19.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +7.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

5 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.4% · Net 5.3%
10%20%30%-20%-40%-60%
200920172025
ROE
FY2025 · ROE 4.3%
20%40%60%-20%-40%-60%
200920172025
Three returns, three denominators.
Gross margin40.0%
Operating margin5.4%
Net margin5.3%
EBITDAUSD 55.7M

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 53.3
100M200M-20M-40M
200920172025
Net buybacks $M Dividends $M
FY2018 · Dividends · · Net buybacks 11.5
100M200M
201020112015201620172018
Dividends paid·
Net buybacks·
Share of profit·
Consecutive raises·

Total assetsUSD 1.3B
EquityUSD 885.5M
CashUSD 163.5M
Gross debtUSD 226.0M
Net debtUSD 62.5M
Current ratio4.75×

Net debt stands at 7% of equity.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VECO, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.70.70.70.60.60.50.40.50.50.30.50.40.30.51.00.90.3
Operating income $B0.00.10.10.10.10.0−0.0−0.4−0.1−0.1−0.0−0.1−0.10.00.30.30.0
EBITDA $B0.10.10.10.10.10.1−0.0−0.4−0.0−0.10.0−0.1−0.10.10.30.30.0
Income tax $B0.0−0.00.0−0.1−0.0−0.00.0−0.0−0.00.00.0−0.0−0.00.00.10.00.0
Net income $B0.00.1−0.00.20.0−0.0−0.1−0.4−0.1−0.1−0.0−0.1−0.00.00.10.4−0.0
Free cash flow $B0.10.00.00.10.00.0−0.0−0.10.0−0.00.00.0−0.00.10.10.20.1
EPS, diluted $0.591.23−0.562.710.49−0.17−1.66−8.63−1.16−3.10−0.80−1.70−1.090.793.118.51−0.48
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %4.310.2−4.932.96.2−2.1−19.4−63.7−7.1−18.5−4.4−8.8−5.33.916.864.5−4.4
Shares out B0.060.060.060.050.050.050.050.050.050.040.040.040.040.040.040.04◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySpecial Industry Machinery, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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