Veeco Instruments Inc (VECO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 285,059 | 263,148 | 242,274 | 194,300 | 158,194 |
| Revenue | US$ in thousands | 557,574 | 634,627 | 550,888 | 421,583 | 397,264 |
| Gross profit margin | 51.12% | 41.46% | 43.98% | 46.09% | 39.82% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $285,059K ÷ $557,574K
= 51.12%
Veeco Instruments Inc's gross profit margin has shown some fluctuations over the past five years. The margin increased from 37.72% in 2019 to 42.78% in 2020, then decreased slightly to 41.54% in 2021, before rising again to 40.73% in 2022, and further increasing to 42.77% in 2023. Overall, the company's gross profit margin has generally been healthy, staying above 40% in recent years. This indicates that Veeco Instruments Inc has been able to effectively manage its production costs and pricing strategies to generate a reasonable level of profitability from its sales. However, the slight fluctuations in the margin may suggest that the company could benefit from further optimizing its cost structure and pricing strategies to maintain and potentially increase its profitability over time.
Peer comparison
Dec 31, 2023