Veeco Instruments Inc (VECO)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 66,981 | 69,940 | 60,296 | 56,710 | 22,565 |
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Operating profit margin | 9.34% | 10.49% | 9.33% | 9.72% | 4.97% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $66,981K ÷ $717,301K
= 9.34%
Based on the operating profit margin data provided for Veeco Instruments Inc, we observe an upward trend in the company's profitability over the years. The operating profit margin increased from 4.97% as of December 31, 2020, to 9.72% as of December 31, 2021. Subsequently, it slightly decreased to 9.33% by December 31, 2022, before rebounding to 10.49% by December 31, 2023. However, by December 31, 2024, the operating profit margin decreased to 9.34%.
Overall, the company has shown an improvement in its operating efficiency and profitability during the period under review, with a notable peak in 2023. It is essential for Veeco Instruments Inc to continue monitoring and managing its operating costs effectively to sustain or enhance its operating profit margin in the future.
Peer comparison
Dec 31, 2024