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) Free cash flow

Alert me on Free cash flow

Veeco Instruments Inc.'s free cash flow for fiscal 2025 was $53.3M, up 11.6% from $47.7M in fiscal 2024. Over the twelve months to 30 September 2026 it was $125.8M. Over the past ten years it has ranged from −$50.4M (fiscal 2018) to $83.9M (fiscal 2022); the current reading is higher than 91% of that period. Veeco Instruments Inc. ranks 12th of 29 Semiconductor Equipment & Materials companies by free cash flow.

Free cash flow, annual

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Annual newest first

Period Free cash flow Change
FY2025 $53.3M 11.64%
FY2024 $47.7M 41.46%
FY2023 $33.7M (59.77%)
FY2022 $83.9M 209.53%
FY2021 $27.1M (25.18%)
FY2020 $36.2M —
FY2019 −$18.3M —
FY2018 −$50.4M —
FY2017 $10.7M —
FY2016 −$35.3M —

Quarterly newest first

Period Free cash flow Change
Sep 2026 $53.6M 12.30%
Jun 2026 $47.7M 1,585.17%
Mar 2026 $2.8M (86.92%)
Dec 2025 $21.7M 67.15%
43 more quarters

Against its own ten years

Low −$50.4M High $83.9M
Ten-year median $27.1M
Current reading's percentile 91

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

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