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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Veeco Instruments Inc. (VECO) trades at a EV/EBITDA of 44.1×. Over the past ten years it has ranged from 0.0× (March 2020) to 126× (June 2026); the current reading is higher than 93% of that period. That is above the Semiconductor Equipment & Materials industry median of 22.6× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 27.9× 78.27%
FY2024 15.7× (7.91%)
FY2023 17.0× 63.89%
FY2022 10.4× (38.86%)
FY2021 17.0× 7.09%
FY2020 15.9× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 70.5× (39.53%)
Jun 2026 117× 136.84%
Mar 2026 49.2× 76.09%
Dec 2025 27.9× 1.20%
43 more quarters

Against its own ten years

Low 0.0× High 126×
Ten-year median 12.9×
Current reading's percentile 93

EV/EBITDA against peers

Company EV/EBITDA
AMBA Ambarella, Inc. compare n/m
AEHR Aehr Test Systems compare n/m
PLAB Photronics, Inc. compare 3.0×
ACMR ACM Research, Inc. compare 10.0×
UCTT Ultra Clean Holdings, Inc. compare 11.2×
ACLS Axcelis Technologies, Inc. compare 22.7×
IPGP IPG Photonics Corporation compare 23.5×
VECO Veeco Instruments Inc. 44.1×
COHU Cohu, Inc. compare 47.9×
Semiconductor Equipment & Materials industry median 22.6×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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