Veeco Instruments Inc (VECO)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 68,834 | -28,338 | 50,985 | 25,680 | -8,464 |
| Revenue | US$ in thousands | 717,301 | 666,435 | 646,137 | 583,277 | 454,163 |
| Pretax margin | 9.60% | -4.25% | 7.89% | 4.40% | -1.86% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $68,834K ÷ $717,301K
= 9.60%
Veeco Instruments Inc's pretax margin has displayed fluctuations over the past few years, reflecting varying levels of profitability. In 2020, the margin was negative at -1.86%, indicating that the company was incurring losses before accounting for taxes. However, there was a significant improvement in 2021, with the pretax margin increasing to 4.40%, suggesting a better financial performance.
The positive trend continued in 2022, as the pretax margin rose to 7.89%, indicating an even stronger profitability for the company. However, a setback occurred in 2023, where the margin turned negative at -4.25%, signaling a decrease in profitability potentially due to increased expenses or declining revenues.
Nevertheless, Veeco Instruments Inc managed to rebound strongly in 2024, achieving a pretax margin of 9.60%, which represents a robust profitability level. The overall trend in pretax margin reflects a mix of challenges and successes for the company, highlighting the importance of monitoring and analyzing financial performance metrics to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024