Veeco Instruments Inc (VECO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 302,180 | 304,727 | 302,393 | 296,338 | 282,936 | 269,323 | 262,397 | 259,154 | 263,150 | 264,254 | 257,472 | 253,371 | 242,272 | 235,094 | 221,067 | 202,795 | 194,300 | 182,425 | 175,506 | 169,897 |
| Revenue (ttm) | US$ in thousands | 717,301 | 709,094 | 701,653 | 687,415 | 666,435 | 646,310 | 640,857 | 643,215 | 646,137 | 645,310 | 623,643 | 605,988 | 583,276 | 569,250 | 531,082 | 483,375 | 454,163 | 428,419 | 425,295 | 424,480 |
| Gross profit margin | 42.13% | 42.97% | 43.10% | 43.11% | 42.46% | 41.67% | 40.94% | 40.29% | 40.73% | 40.95% | 41.29% | 41.81% | 41.54% | 41.30% | 41.63% | 41.95% | 42.78% | 42.58% | 41.27% | 40.02% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $302,180K ÷ $717,301K
= 42.13%
Veeco Instruments Inc's gross profit margin has shown fluctuations over the period indicated. The trend indicates a generally positive trajectory from March 31, 2020, to March 31, 2024, with some periods of decline and subsequent recovery. The margin increased from 40.02% on March 31, 2020, to a peak of 43.11% on March 31, 2024. The highest level was recorded in the first quarter of 2024, suggesting improved efficiency in generating profits from sales.
Despite the overall positive trend, there were periods of decrease, such as the drop from 42.78% on December 31, 2020, to 41.95% on March 31, 2021. However, the margin recovered and generally stabilized around the 42% level in the following quarters.
It is worth noting that the gross profit margin experienced a slight dip in the latter part of 2024, reaching 42.13% on December 31, 2024. This decrease may warrant further analysis to understand the factors contributing to this decline and whether it is a temporary fluctuation or a more concerning trend.
In conclusion, Veeco Instruments Inc's gross profit margin has shown an overall positive trajectory over the analyzed period, with fluctuations that should be closely monitored to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024