Veeco Instruments Inc (VECO)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 73,714 | -30,368 | 166,942 | 26,038 | -8,391 |
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Net profit margin | 10.28% | -4.56% | 25.84% | 4.46% | -1.85% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $73,714K ÷ $717,301K
= 10.28%
Based on the data provided for Veeco Instruments Inc, the net profit margin has exhibited significant fluctuations over the years. In December 2020, the company's net profit margin was negative at -1.85%, indicating that the company's expenses exceeded its revenues, resulting in a loss. However, by December 2021, Veeco Instruments Inc was able to improve its profitability, achieving a net profit margin of 4.46%.
The performance further improved in December 2022, with a substantial increase in the net profit margin to 25.84%, reflecting a strong profitability relative to its revenue. However, in December 2023, the net profit margin declined to -4.56%, indicating a loss-making year for the company.
Veeco Instruments Inc rebounded in December 2024, achieving a net profit margin of 10.28%. This improvement suggests that the company successfully managed its expenses and increased its revenues, leading to a healthier profit margin compared to the previous year. Overall, the fluctuating net profit margins reflect the company's ability to adapt to changing market conditions and operational challenges over the years.
Peer comparison
Dec 31, 2024