Veeco Instruments Inc.

VECO Technology Semiconductor Equipment & Materials

Veeco Instruments Inc.’s revenue for fiscal 2025 (year ended December 2025) was $664.3 million, down 7.39% from fiscal 2024.

Revenue
+26.2%
EPS
+22.2%
Free cash flow
+313.7%
Total debt
+0.49%

Quarter to September 2026, against a year earlier

36.64 3.39 +10.20%
Market cap
$2.0B
P/E
80.7×
Fwd P/E
43.4×
Dividend yield
—
F-score
5/9
Altman Z
3.06
Beneish M
−2.39
Dividend safety
n/a

Veeco Instruments Inc. (VECO) Current ratio

Alert me on Current ratio

Veeco Instruments Inc.'s current ratio at the end of the quarter to 30 September 2026 was 3.9×, down 0.9× from fiscal 2025 (4.7×). Over the past ten years it has ranged from 2.6× (fiscal 2022) to 4.7× (fiscal 2025) — the current reading is the highest in ten years. That is above the Semiconductor Equipment & Materials industry median of 3.6× and above the Technology sector median of 1.9×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 4.7× 19.40%
FY2024 4.0× 22.75%
FY2023 3.2× 24.90%
FY2022 2.6× (10.68%)
FY2021 2.9× (27.43%)
FY2020 4.0× (0.59%)
FY2019 4.0× 23.88%
FY2018 3.2× 22.05%
FY2017 2.7× (23.81%)
FY2016 3.5× 4.58%

Quarterly newest first

Period Current ratio Change
Sep 2026 3.9× (1.44%)
Jun 2026 3.9× (7.10%)
Mar 2026 4.2× (10.99%)
Dec 2025 4.7× (11.42%)
43 more quarters

Against its own ten years

Low 2.6× High 4.7×
Ten-year median 3.3×
Current reading's percentile 100

Current ratio against peers

Company Current ratio
AEHR Aehr Test Systems compare 10.3×
IPGP IPG Photonics Corporation compare 6.0×
COHU Cohu, Inc. compare 5.2×
PLAB Photronics, Inc. compare 4.9×
ACLS Axcelis Technologies, Inc. compare 4.4×
VECO Veeco Instruments Inc. 3.9×
ACMR ACM Research, Inc. compare 3.7×
AMBA Ambarella, Inc. compare 2.8×
UCTT Ultra Clean Holdings, Inc. compare 2.8×
Semiconductor Equipment & Materials industry median 3.6×
Technology sector median 1.9×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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