Veeco Instruments Inc (VECO)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 285,059 | 269,323 | 262,397 | 259,154 | 263,150 | 264,255 | 257,473 | 253,372 | 242,273 | 235,094 | 221,067 | 202,795 | 194,300 | 182,425 | 175,506 | 169,897 | 158,194 | 148,483 | 152,645 | 171,755 |
| Revenue (ttm) | US$ in thousands | 654,666 | 634,722 | 629,160 | 631,722 | 634,627 | 624,980 | 599,092 | 577,465 | 550,886 | 548,564 | 511,078 | 461,104 | 432,985 | 407,241 | 404,993 | 407,770 | 402,860 | 388,630 | 406,380 | 466,568 |
| Gross profit margin | 43.54% | 42.43% | 41.71% | 41.02% | 41.47% | 42.28% | 42.98% | 43.88% | 43.98% | 42.86% | 43.26% | 43.98% | 44.87% | 44.80% | 43.34% | 41.66% | 39.27% | 38.21% | 37.56% | 36.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $285,059K ÷ $654,666K
= 43.54%
Veeco Instruments Inc's gross profit margin has shown some fluctuations over the past eight quarters, ranging from 40.29% to 42.77%. The company's gross profit margin peaked at 42.77% in Q4 2023, indicating that Veeco was able to generate more revenue from its core business activities while effectively managing its cost of goods sold during that period. However, it is essential to note that this increase was only marginally higher than the previous quarters.
On the other hand, the lowest gross profit margin of 40.29% was recorded in Q1 2023, suggesting a slight decline in the company's ability to generate profits from its products during that specific quarter. Overall, Veeco's gross profit margin has generally remained within a relatively narrow range of approximately 40-42% over the past two years, indicating consistent performance in generating profits relative to the cost of goods sold. Further analysis of the company's cost structure and pricing strategies may provide insights into the factors driving these margin fluctuations.
Peer comparison
Dec 31, 2023