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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Veeco Instruments Inc. (VECO) trades at a P/S ratio of 2.9×. Over the past ten years it has ranged from 0.5× (December 2018) to 7.7× (June 2026); the current reading is higher than 80% of that period. That is below the Semiconductor Equipment & Materials industry median of 4.2× and above the Technology sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 2.6× 21.01%
FY2024 2.1× (14.44%)
FY2023 2.5× 72.91%
FY2022 1.4× (40.51%)
FY2021 2.4× 29.57%
FY2020 1.8× 11.14%
FY2019 1.7× 158.08%
FY2018 0.6× (56.76%)
FY2017 1.5× (57.90%)
FY2016 3.5× 106.68%

Quarterly newest first

Period P/S ratio Change
Sep 2026 4.4× (35.58%)
Jun 2026 6.8× 117.20%
Mar 2026 3.1× 22.35%
Dec 2025 2.6× (4.91%)
43 more quarters

Against its own ten years

Low 0.5× High 7.7×
Ten-year median 2.0×
Current reading's percentile 83

P/S ratio against peers

Company P/S ratio
UCTT Ultra Clean Holdings, Inc. compare 0.7×
PLAB Photronics, Inc. compare 1.7×
IPGP IPG Photonics Corporation compare 2.4×
ACMR ACM Research, Inc. compare 2.6×
VECO Veeco Instruments Inc. 2.9×
COHU Cohu, Inc. compare 2.9×
ACLS Axcelis Technologies, Inc. compare 3.1×
AMBA Ambarella, Inc. compare 5.8×
AEHR Aehr Test Systems compare 30.5×
Semiconductor Equipment & Materials industry median 4.2×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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