Veeco Instruments Inc (VECO)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -30,368 | 166,942 | 26,038 | -8,391 | -78,733 |
| Revenue | US$ in thousands | 557,574 | 634,627 | 550,888 | 421,583 | 397,264 |
| Net profit margin | -5.45% | 26.31% | 4.73% | -1.99% | -19.82% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-30,368K ÷ $557,574K
= -5.45%
Veeco Instruments Inc's net profit margin, a key profitability ratio, has exhibited fluctuations over the past five years. In 2023, the company experienced a negative net profit margin of -4.56%, indicating a loss on its bottom line. This significant decline from the previous year's strong performance of 25.84% suggests challenges in managing costs or generating revenue.
The 2022 net profit margin of 25.84% was notably high, showcasing strong profitability and efficient cost management. In 2021, the margin stood at 4.46%, indicating a moderate level of profitability. However, in 2020 and 2019, the margins were negative at -1.85% and -18.78%, respectively, highlighting periods of unprofitability or operational difficulties.
The erratic trend in Veeco Instruments Inc's net profit margins indicates the company's vulnerability to various internal and external factors affecting its profitability. As an analyst, further investigation into the company's cost structure, revenue streams, and business operations is recommended to understand the drivers behind these fluctuations and assess the company's financial health accurately.
Peer comparison
Dec 31, 2023