VEECO INSTRUMENTS INC (VECO) Stock Fundamental Analysis

NASDAQ:VECO • US9224171002

29.32 USD
+0.33 (+1.14%)
At close: Feb 20, 2026
29.32 USD
0 (0%)
After Hours: 2/20/2026, 8:09:17 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

VECO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. VECO has only an average score on both its financial health and profitability. VECO has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year VECO was profitable.
  • VECO had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: VECO reported negative net income in multiple years.
  • VECO had a positive operating cash flow in each of the past 5 years.
VECO Yearly Net Income VS EBIT VS OCF VS FCFVECO Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M -200M -300M -400M

1.2 Ratios

  • VECO's Return On Assets of 3.82% is fine compared to the rest of the industry. VECO outperforms 60.18% of its industry peers.
  • VECO has a Return On Equity (5.62%) which is in line with its industry peers.
  • VECO has a better Return On Invested Capital (4.79%) than 61.95% of its industry peers.
  • VECO had an Average Return On Invested Capital over the past 3 years of 6.04%. This is below the industry average of 10.65%.
Industry RankSector Rank
ROA 3.82%
ROE 5.62%
ROIC 4.79%
ROA(3y)6.07%
ROA(5y)4.03%
ROE(3y)11.31%
ROE(5y)7.56%
ROIC(3y)6.04%
ROIC(5y)5.39%
VECO Yearly ROA, ROE, ROICVECO Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 -40 -60 -80

1.3 Margins

  • VECO has a better Profit Margin (7.23%) than 60.18% of its industry peers.
  • In the last couple of years the Profit Margin of VECO has grown nicely.
  • Looking at the Operating Margin, with a value of 10.14%, VECO is in the better half of the industry, outperforming 61.95% of the companies in the same industry.
  • VECO's Operating Margin has improved in the last couple of years.
  • VECO has a Gross Margin (40.93%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of VECO has grown nicely.
Industry RankSector Rank
OM 10.14%
PM (TTM) 7.23%
GM 40.93%
OM growth 3Y10.9%
OM growth 5YN/A
PM growth 3Y32.11%
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y2.35%
VECO Yearly Profit, Operating, Gross MarginsVECO Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VECO is destroying value.
  • VECO has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VECO has more shares outstanding
  • The debt/assets ratio for VECO has been reduced compared to a year ago.
VECO Yearly Shares OutstandingVECO Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
VECO Yearly Total Debt VS Total AssetsVECO Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • An Altman-Z score of 3.39 indicates that VECO is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of VECO (3.39) is comparable to the rest of the industry.
  • The Debt to FCF ratio of VECO is 4.12, which is a neutral value as it means it would take VECO, 4.12 years of fcf income to pay off all of its debts.
  • VECO has a Debt to FCF ratio (4.12) which is comparable to the rest of the industry.
  • VECO has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
  • With a Debt to Equity ratio value of 0.26, VECO perfoms like the industry average, outperforming 44.25% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.12
Altman-Z 3.39
ROIC/WACC0.46
WACC10.42%
VECO Yearly LT Debt VS Equity VS FCFVECO Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • VECO has a Current Ratio of 5.36. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
  • VECO has a Current ratio of 5.36. This is in the better half of the industry: VECO outperforms 74.34% of its industry peers.
  • VECO has a Quick Ratio of 3.62. This indicates that VECO is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 3.62, VECO is in the better half of the industry, outperforming 69.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.36
Quick Ratio 3.62
VECO Yearly Current Assets VS Current LiabilitesVECO Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for VECO have decreased strongly by -18.48% in the last year.
  • The Earnings Per Share has been growing slightly by 6.76% on average over the past years.
  • VECO shows a decrease in Revenue. In the last year, the revenue decreased by -3.90%.
  • Measured over the past years, VECO shows a quite strong growth in Revenue. The Revenue has been growing by 11.34% on average per year.
EPS 1Y (TTM)-18.48%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-21.74%
Revenue 1Y (TTM)-3.9%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-10.24%

3.2 Future

  • Based on estimates for the next years, VECO will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.68% on average per year.
  • The Revenue is expected to grow by 3.07% on average over the next years.
EPS Next Y-21.61%
EPS Next 2Y-3.66%
EPS Next 3Y11.68%
EPS Next 5YN/A
Revenue Next Year-6.66%
Revenue Next 2Y1.41%
Revenue Next 3Y3.07%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
VECO Yearly Revenue VS EstimatesVECO Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M
VECO Yearly EPS VS EstimatesVECO Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • VECO is valuated rather expensively with a Price/Earnings ratio of 19.55.
  • Based on the Price/Earnings ratio, VECO is valued cheaply inside the industry as 91.15% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of VECO to the average of the S&P500 Index (26.99), we can say VECO is valued slightly cheaper.
  • VECO is valuated rather expensively with a Price/Forward Earnings ratio of 18.16.
  • 87.61% of the companies in the same industry are more expensive than VECO, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, VECO is valued a bit cheaper.
Industry RankSector Rank
PE 19.55
Fwd PE 18.16
VECO Price Earnings VS Forward Price EarningsVECO Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 84.07% of the companies in the same industry are more expensive than VECO, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, VECO is valued cheaper than 84.96% of the companies in the same industry.
Industry RankSector Rank
P/FCF 32.24
EV/EBITDA 15.85
VECO Per share dataVECO EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • The decent profitability rating of VECO may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.66%
EPS Next 3Y11.68%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • VECO does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VEECO INSTRUMENTS INC

NASDAQ:VECO (2/20/2026, 8:09:17 PM)

After market: 29.32 0 (0%)

29.32

+0.33 (+1.14%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-05
Earnings (Next)02-25
Inst Owners109.67%
Inst Owner Change-4.58%
Ins Owners2.25%
Ins Owner Change-8.27%
Market Cap1.77B
Revenue(TTM)681.41M
Net Income(TTM)49.24M
Analysts78.18
Price Target33.46 (14.12%)
Short Float %7.38%
Short Ratio6.83
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)41.39%
Min EPS beat(2)26.13%
Max EPS beat(2)56.66%
EPS beat(4)3
Avg EPS beat(4)23.92%
Min EPS beat(4)-0.12%
Max EPS beat(4)56.66%
EPS beat(8)6
Avg EPS beat(8)14.81%
EPS beat(12)10
Avg EPS beat(12)19.97%
EPS beat(16)14
Avg EPS beat(16)17.82%
Revenue beat(2)2
Avg Revenue beat(2)4.52%
Min Revenue beat(2)1.33%
Max Revenue beat(2)7.7%
Revenue beat(4)3
Avg Revenue beat(4)2.09%
Min Revenue beat(4)-1.34%
Max Revenue beat(4)7.7%
Revenue beat(8)6
Avg Revenue beat(8)0.96%
Revenue beat(12)9
Avg Revenue beat(12)0.97%
Revenue beat(16)9
Avg Revenue beat(16)0.5%
PT rev (1m)0%
PT rev (3m)11.56%
EPS NQ rev (1m)-9.21%
EPS NQ rev (3m)-17.86%
EPS NY rev (1m)-0.53%
EPS NY rev (3m)1.66%
Revenue NQ rev (1m)-0.58%
Revenue NQ rev (3m)-0.28%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)0.93%
Valuation
Industry RankSector Rank
PE 19.55
Fwd PE 18.16
P/S 2.59
P/FCF 32.24
P/OCF 24.24
P/B 2.02
P/tB 2.7
EV/EBITDA 15.85
EPS(TTM)1.5
EY5.12%
EPS(NY)1.61
Fwd EY5.51%
FCF(TTM)0.91
FCFY3.1%
OCF(TTM)1.21
OCFY4.13%
SpS11.3
BVpS14.53
TBVpS10.86
PEG (NY)N/A
PEG (5Y)N/A
Graham Number22.14
Profitability
Industry RankSector Rank
ROA 3.82%
ROE 5.62%
ROCE 6.07%
ROIC 4.79%
ROICexc 7.09%
ROICexgc 9.96%
OM 10.14%
PM (TTM) 7.23%
GM 40.93%
FCFM 8.05%
ROA(3y)6.07%
ROA(5y)4.03%
ROE(3y)11.31%
ROE(5y)7.56%
ROIC(3y)6.04%
ROIC(5y)5.39%
ROICexc(3y)8.95%
ROICexc(5y)8.09%
ROICexgc(3y)13.67%
ROICexgc(5y)13.37%
ROCE(3y)7.64%
ROCE(5y)6.82%
ROICexgc growth 3Y-2.66%
ROICexgc growth 5YN/A
ROICexc growth 3Y4.46%
ROICexc growth 5YN/A
OM growth 3Y10.9%
OM growth 5YN/A
PM growth 3Y32.11%
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y2.35%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.26
Debt/FCF 4.12
Debt/EBITDA 2.51
Cap/Depr 86.14%
Cap/Sales 2.66%
Interest Coverage 7.86
Cash Conversion 80.97%
Profit Quality 111.38%
Current Ratio 5.36
Quick Ratio 3.62
Altman-Z 3.39
F-Score5
WACC10.42%
ROIC/WACC0.46
Cap/Depr(3y)93.34%
Cap/Depr(5y)91.54%
Cap/Sales(3y)3.51%
Cap/Sales(5y)3.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-18.48%
EPS 3Y6.76%
EPS 5YN/A
EPS Q2Q%-21.74%
EPS Next Y-21.61%
EPS Next 2Y-3.66%
EPS Next 3Y11.68%
EPS Next 5YN/A
Revenue 1Y (TTM)-3.9%
Revenue growth 3Y7.14%
Revenue growth 5Y11.34%
Sales Q2Q%-10.24%
Revenue Next Year-6.66%
Revenue Next 2Y1.41%
Revenue Next 3Y3.07%
Revenue Next 5YN/A
EBIT growth 1Y-21.75%
EBIT growth 3Y18.82%
EBIT growth 5YN/A
EBIT Next Year-25.16%
EBIT Next 3Y4.45%
EBIT Next 5YN/A
FCF growth 1Y21.07%
FCF growth 3Y19.03%
FCF growth 5YN/A
OCF growth 1Y11.72%
OCF growth 3Y-1.95%
OCF growth 5YN/A

VEECO INSTRUMENTS INC / VECO FAQ

Can you provide the ChartMill fundamental rating for VEECO INSTRUMENTS INC?

ChartMill assigns a fundamental rating of 5 / 10 to VECO.


Can you provide the valuation status for VEECO INSTRUMENTS INC?

ChartMill assigns a valuation rating of 6 / 10 to VEECO INSTRUMENTS INC (VECO). This can be considered as Fairly Valued.


What is the profitability of VECO stock?

VEECO INSTRUMENTS INC (VECO) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for VECO stock?

The Price/Earnings (PE) ratio for VEECO INSTRUMENTS INC (VECO) is 19.55 and the Price/Book (PB) ratio is 2.02.


Can you provide the expected EPS growth for VECO stock?

The Earnings per Share (EPS) of VEECO INSTRUMENTS INC (VECO) is expected to decline by -21.61% in the next year.