Veeco Instruments Inc (VECO)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 68,834 | 88,662 | 86,514 | -14,592 | -28,338 | -40,687 | -47,948 | 46,275 | 50,985 | 45,968 | 40,123 | 36,602 | 25,680 | 18,159 | 9,546 | -5,372 | -8,463 | -40,259 | -52,745 | -59,914 |
| Revenue (ttm) | US$ in thousands | 717,301 | 709,094 | 701,653 | 687,415 | 666,435 | 646,310 | 640,857 | 643,215 | 646,137 | 645,310 | 623,643 | 605,988 | 583,276 | 569,250 | 531,082 | 483,375 | 454,163 | 428,419 | 425,295 | 424,480 |
| Pretax margin | 9.60% | 12.50% | 12.33% | -2.12% | -4.25% | -6.30% | -7.48% | 7.19% | 7.89% | 7.12% | 6.43% | 6.04% | 4.40% | 3.19% | 1.80% | -1.11% | -1.86% | -9.40% | -12.40% | -14.11% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $68,834K ÷ $717,301K
= 9.60%
Veeco Instruments Inc's pretax margin has shown a fluctuating trend over the reported periods. The company experienced negative pretax margins in the first half of 2020, with the margin improving modestly from March to December 2020 but remaining negative. However, from March 2021, there was a positive trend observed, with the pretax margin gradually increasing to reach a peak of 12.50% in September 2024. This positive trend indicated improvements in the company's ability to generate profits before taxes relative to its revenue. It should be noted that there was a significant decline in the pretax margin in the first half of 2023, which indicates a potential dip in profitability during that period. Overall, Veeco Instruments Inc's pretax margin has demonstrated volatility but with a general trend of improvement over the reported periods.
Peer comparison
Dec 31, 2024