Veeco Instruments Inc (VECO)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -30,368 | 76,911 | 67,378 | 162,353 | 166,942 | 46,229 | 40,181 | 36,874 | 26,038 | 17,733 | 9,320 | -5,330 | -8,391 | -41,160 | -53,507 | -60,770 | -78,733 | -190,536 | -187,722 | -409,791 |
| 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 |
| Net profit margin | -4.64% | 12.12% | 10.71% | 25.70% | 26.31% | 7.40% | 6.71% | 6.39% | 4.73% | 3.23% | 1.82% | -1.16% | -1.94% | -10.11% | -13.21% | -14.90% | -19.54% | -49.03% | -46.19% | -87.83% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-30,368K ÷ $654,666K
= -4.64%
The net profit margin of Veeco Instruments Inc has been fluctuating over the recent quarters. In Q4 2023, the company experienced a negative net profit margin of -4.56%, indicating that the company incurred a net loss relative to its revenue during that period. This was a significant decline from the previous quarter's net profit margin of 11.90% in Q3 2023.
In the earlier quarters of 2023, Veeco Instruments Inc had relatively healthy net profit margins, with 10.51% in Q2 and 25.24% in Q1. However, these figures were lower compared to the strong net profit margins seen in Q4 2022 at 25.84%.
The company's net profit margin hovered around the low to mid-single digits in the quarters of 2022, with margins of 7.16% in Q3, 6.44% in Q2, and 6.08% in Q1.
Overall, the fluctuating net profit margins of Veeco Instruments Inc indicate varying levels of profitability, with Q4 2023 standing out as a period of notable financial challenges for the company. Further analysis of the underlying factors impacting profitability would be beneficial to understand the trend and make informed decisions.
Peer comparison
Dec 31, 2023