Veeco Instruments Inc (VECO)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -28,404 | -40,723 | -47,948 | 46,275 | 50,985 | 45,996 | 40,140 | 36,619 | 25,699 | 18,179 | 9,577 | -5,292 | -8,385 | -40,211 | -52,697 | -59,960 | -78,001 | -188,920 | -185,878 | -436,072 |
| 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 |
| Pretax margin | -4.34% | -6.42% | -7.62% | 7.33% | 8.03% | 7.36% | 6.70% | 6.34% | 4.67% | 3.31% | 1.87% | -1.15% | -1.94% | -9.87% | -13.01% | -14.70% | -19.36% | -48.61% | -45.74% | -93.46% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-28,404K ÷ $654,666K
= -4.34%
Veeco Instruments Inc's pretax margin has experienced fluctuation over the past eight quarters, ranging from a low of -7.48% in Q2 2023 to a high of 7.89% in Q4 2022. The company's pretax margin was negative in two of the last four quarters, demonstrating periods of profitability challenges. The declining trend from Q4 2022 through Q2 2023 indicates a decrease in profitability before a slight recovery in Q1 2023. Overall, the recent pretax margin performance suggests that Veeco Instruments Inc has faced profitability pressures, possibly due to factors such as cost increases or revenue fluctuations. It will be essential for the company to closely monitor its cost structure and revenue-generating activities to improve and stabilize its pretax margin in the future.
Peer comparison
Dec 31, 2023