← BackVEECO INSTRUMENTS INC · Special Industry Machinery, NECVECO
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The short versionA profitable company with growing sales. Institutions are adding.
Going well
- Sales up 17% in the latest quarter vs a year ago
- Profitable
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 4.4% to their holdings in the quarter ending June 2026 (203 bought, 109 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$42.55+1.2% that day
- Company value
- $2.6B
- Share price times all shares
- Price vs profit (P/E)
- 118.2x
- You pay about $118 for each $1 of yearly profit
- Price vs sales
- 3.8x
- Company value is 3.8 times a year of sales
- Cash vs value
- 8%
- Cash as a share of company value
- Debt vs value
- 9%
- Debt as a share of company value
From VECO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$193.5M+16% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $682.7M, down 2.5% from the 12 months before. Over 5 years, sales grew about 7.9% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.4.3%
- PassDebt under half of equityNot relying on borrowed money.0.26x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.5.3%
- MissProfitable every yearSteady profits, not one good year.4 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$53.3M
- PassShare count not growingNot diluting owners. Falling means buybacks.-7.6% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.40.0%
- Revenue
- $664.3M
- -7.4% vs prior year
- 5-year growth
- +7.9%/yr
- revenue, per year
- Total debt
- $226.0M
- 0.26x equity
- Current ratio
- 4.75x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $193.5M
- +16.5% YoY
- EPS
- $0.18
- vs $0.20
- Op. margin
- 6.1%
- -1.3 pts
- Gross margin
- 38.7%
- -2.7 pts
- Free cash flow
- $47.7M
- Share count
- +10.9%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.6
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+4.4%Institutions added 4.4% to their holdings. 203 bought, 109 sold. 2 quarters of net buying in a row.
Shares held by institutions69.3M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+2.8%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.3x · $226.5M debtShares outstandingLatest reported
61MNext reportIn 7 days (est.)Estimated from the same quarter last year
- Results filedAug 5
- Results filedMay 5
- Results filedFeb 25
- Results filedNov 5, 2025
- Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
SoldWilliam John MillerCEO, Director
200,000 shares at $54.18 avg ($52.85 to $54.49) · $10.8M
- -54% of holdings
- Now owns 169,570 shares
- Pre-planned sale (10b5-1)
- 3 transactions
- Filed 2 days after trade
GiftMary Jane RaymondDirector
3,000 shares
- +13% of holdings
- Now owns 25,967 shares
- Filed 1 day after trade
SoldJohn P KiernanSVP & CHIEF FINANCIAL OFFICER
35,000 shares at $51.05 avg ($50.42 to $54.28) · $1.8M
- -34% of holdings
- Now owns 68,802 shares
- Pre-planned sale (10b5-1)
- Held by Family Trust
- 5 transactions
- Filed 2 days after trade
SoldSusan WilkersonSVP, GLOBAL SALES & SERVICE
15,506 shares at $69.56 · $1.1M
- -36% of holdings
- Now owns 27,468 shares
- Not a pre-planned sale
- Filed 1 day after trade
SoldGordon HunterDirector
16,974 shares at $68.80 · $1.2M
- -60% of holdings
- Now owns 11,236 shares
- Not a pre-planned sale
- Filed 1 day after trade
SoldAdrian DevasahayamSVP - PRODUCT LINE DEVELOPMENT
10,000 shares at $65.00 · $650K
- -11% of holdings
- Now owns 85,115 shares
- Not a pre-planned sale
- Filed 1 day after trade