Veeco Instruments Inc (VECO)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -28,368 | 50,985 | 25,680 | -8,464 | -77,956 |
| Revenue | US$ in thousands | 557,574 | 634,627 | 550,888 | 421,583 | 397,264 |
| Pretax margin | -5.09% | 8.03% | 4.66% | -2.01% | -19.62% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-28,368K ÷ $557,574K
= -5.09%
Veeco Instruments Inc's pretax margin has fluctuated over the past five years. In 2023, the pretax margin was negative at -4.25%, indicating that the company's pre-tax profitability was in decline compared to the previous year. This negative trend could be a cause for concern as it may suggest operational challenges or inefficiencies impacting the company's ability to generate profits before taxes.
On the other hand, in 2022, Veeco Instruments Inc demonstrated a stronger pretax margin of 7.89%, reflecting improved profitability compared to the previous years. This positive performance may signify effective cost management strategies or increased revenue generation during that period.
In 2021, the pretax margin was 4.40%, showing consistent profitability, albeit slightly lower than the previous year. The company appeared to maintain a reasonable level of profitability despite potential economic or industry challenges.
In 2020, Veeco Instruments Inc experienced a negative pretax margin of -1.86%, indicating a decline in profitability compared to the previous year. This downturn could be attributed to various factors such as increased expenses, reduced sales, or other operational issues impacting the company's financial performance.
Lastly, in 2019, the pretax margin was significantly negative at -18.59%, highlighting a substantial loss-making situation for the company. This could signal financial distress or operational difficulties that were prevalent during that period.
Overall, Veeco Instruments Inc's pretax margin has shown variability in recent years, emphasizing the importance of closely monitoring and analyzing financial performance metrics to assess the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023