Friday 6 November 2026 Export VECO’s income statement to Excel — free account

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

36.77 3.52 +10.59%

Follow VECO

Alert me

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

Overview

Veeco Instruments Inc. (VECO) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Veeco Instruments Inc. (VECO) trades at a price to free cash flow of 16.5×. Over the past ten years it has ranged from 0.0× (March 2020) to 431× (January 2016); the current reading is higher than 42% of that period. That is below the Semiconductor Equipment & Materials industry median of 31.5× and below the Technology sector median of 18.7×.

Embed this chart

Code for your page

<iframe src="https://stockrow.com/embed/VECO/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Veeco Instruments Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/VECO/metrics/price-to-free-cash-flow">Veeco Instruments Inc. (VECO) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	31.8×	0.38%
FY2024	31.7×	(34.90%)
FY2023	48.7×	343.31%
FY2022	11.0×	(78.71%)
FY2021	51.6×	122.41%
FY2020	23.2×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	66.1×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	25.2×	(53.61%)
Jun 2026	54.3×	13.95%
Mar 2026	47.7×	49.99%
Dec 2025	31.8×	(4.60%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 431×

Ten-year median 22.1×

Current reading's percentile 42

Company	Price to free cash flow
AMBA Ambarella, Inc. compare	n/m
UCTT Ultra Clean Holdings, Inc. compare	n/m
AEHR Aehr Test Systems compare	n/m
ACMR ACM Research, Inc. compare	n/m
PLAB Photronics, Inc. compare	13.6×
VECO Veeco Instruments Inc.	16.5×
COHU Cohu, Inc. compare	29.7×
ACLS Axcelis Technologies, Inc. compare	46.5×
IPGP IPG Photonics Corporation compare	70.4×
Semiconductor Equipment & Materials industry median	31.5×
Technology sector median	18.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Veeco Instruments Inc. (VECO) Price to free cash flow

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on VECO

Price to free cash flow, daily

Annual newest first

Quarterly newest first

Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

More on VECO

Stockrow Weekly