Veeco Instruments Inc (VECO)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 69,940 | 59,149 | 54,450 | 53,585 | 60,296 | 64,529 | 63,381 | 63,810 | 56,708 | 49,689 | 40,258 | 27,415 | 22,567 | 5,096 | -9,254 | -20,872 | -39,579 | -171,695 | -168,203 | -418,208 |
| 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 |
| Operating profit margin | 10.68% | 9.32% | 8.65% | 8.48% | 9.50% | 10.32% | 10.58% | 11.05% | 10.29% | 9.06% | 7.88% | 5.95% | 5.21% | 1.25% | -2.28% | -5.12% | -9.82% | -44.18% | -41.39% | -89.63% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $69,940K ÷ $654,666K
= 10.68%
Veeco Instruments Inc's operating profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the operating profit margin increased to 10.65%, up from 9.10% in Q3 2023. This improvement may indicate better cost management or increased efficiency in generating profits from its operations. However, the operating profit margin in Q4 2023 is still lower compared to Q1 2022 and Q2 2022, where it stood at 10.53% and 10.17% respectively. Overall, Veeco Instruments Inc has demonstrated some variability in its operating profit margin, suggesting the need for continued monitoring and analysis to determine the underlying factors driving these fluctuations.
Peer comparison
Dec 31, 2023