Veeco Instruments Inc (VECO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 304,005 | 285,059 | 263,148 | 242,274 | 194,300 |
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Gross profit margin | 42.38% | 42.77% | 40.73% | 41.54% | 42.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $304,005K ÷ $717,301K
= 42.38%
Veeco Instruments Inc's gross profit margin has shown fluctuations over the past five years. In December 31, 2020, the gross profit margin was 42.78%, which slightly decreased to 41.54% in December 31, 2021. Subsequently, there was a further decline in the gross profit margin to 40.73% by December 31, 2022. However, there was a notable recovery in December 31, 2023, where the gross profit margin increased to 42.77%. In the most recent period as of December 31, 2024, the gross profit margin remained relatively stable at 42.38%.
Overall, although there have been fluctuations in the gross profit margin over the years, Veeco Instruments Inc has managed to maintain a gross profit margin above 40%, indicating the company's ability to generate revenue after accounting for the cost of goods sold. This suggests that the company may have efficient production processes and pricing strategies in place.
Peer comparison
Dec 31, 2024