Stock AnalizVeeco Instruments Inc. VECO
Industrial Machinery/Components · IPO 1994 · data as of November 13, 2026
Veeco Instruments Inc. (VECO) is a technology company listed in the US with a market value of about $2.4B. In the twelve months to September 30, 2026 it had revenue of $726M and net income of $26M, a net margin of 3.6%.
Its overall Stock Analiz score is 1.6 out of 5 (weak). The strongest part is financial health (4/5); the weakest is track record (0/5).
Key numbers: a P/E of 97.7, a price to free cash flow of 19.0, 5-year revenue growth of 8% a year, a 5-year average ROIC of 5%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 39% below the current price.
Score: 1.6 / 5
Checks passed
- P/FCF below 20
- Profit margin improving
- Strong R&D investment or growth above 20%
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Liabilities below 60% of assets
- Share count down over 3 years (buybacks)
Checks not passed
- P/E below 25
- P/E below the industry median
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $726M | $664M | $717M | $666M | $646M | $583M | $454M | $419M | $542M | $476M | $332M |
| Net income | $26M | $35M | $74M | -$30M | $167M | $26M | -$8M | -$79M | -$407M | -$51M | -$122M |
| Free cash flow | $126M | $53M | $46M | $34M | $84M | $27M | $36M | -$18M | -$50M | $11M | -$35M |
| EPS (diluted) | $0.40 | $0.59 | $1.23 | $-0.56 | $2.71 | $0.49 | $-0.17 | $-1.66 | $-8.63 | $-1.16 | $-3.10 |
| Net margin | 3.6% | 5.3% | 10.3% | -4.6% | 25.8% | 4.5% | -1.8% | -18.8% | -75.1% | -10.8% | -36.8% |
| ROIC | — | 2.8% | 4.9% | 5.6% | 5.4% | 6.4% | 3.0% | -4.5% | -53.8% | -3.7% | -15.8% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 3 analysts is $58.67, 50% above the current price; targets range from $55.00 to $66.00; the consensus rating is “Buy”; expected EPS is $1.47 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Veeco Instruments’s P/E ratio?
About 97.7, based on the last twelve months of diluted earnings per share (forward P/E about 14.7).
Is Veeco Instruments stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 39% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Veeco Instruments pay a dividend?
Not currently.
Is Veeco Instruments a good stock to buy?
We do not give buy or sell advice. Veeco Instruments scores 1.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.