Veeco Instruments price to free cash flow VECO

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 30.2×
9-year median: 34.7×
Against its 9-year history: 36th; percentile: 0 is its lowest day, 100 its highest
9-year range: 11.3× to 259×
Peer median: 30.3×

Veeco Instruments' price to free cash flow is 30.2× as of Oct 23, 2026.

That is below its 9-year median of 34.7×, close to the middle of its last 9 years.

Over that time it ranged from 11.3× in Apr 2023 to 259× in Jun 2020.

The median for 10 semiconductor stocks of a similar size is 30.3×.

Price to free cash flow over time

median 34.7×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	30.2×	30.2×	113×
2025	32.1×	20.1×	37.7×
2024	38.0×	35.3×	89.6×
2023	38.6×	11.3×	39.1×
2022	15.5×	15.4×	54.4×
2021	46.2×	21.9×	46.2×
2020	23.2×	17.0×	259×
2019	n/m a value too high to mean anything
2018	83.2×	78.0×	96.3×
2017	n/m a value too high to mean anything
2016	387×	12.9×	412×
2015	15.5×	13.6×	49.9×
2014	n/m a value too high to mean anything
2013	20.9×	20.9×	30.2×
2012	20.0×	19.1×	62.3×

Against its peers

Companies in Semiconductors nearest Veeco Instruments' size, closest first, today.

Company	Price to free cash flow
VECOVeeco Instruments	30.2×
POWIPower Integrations	33.2×
IPGPIPG Photonics	145×
OSISOSI Systems	12.8×
PENGPenguin Solutions	n/m
ACLSAxcelis Technologies	50.2×
ACMRACM Research	n/m
DIODDiodes	26.2×
KLICKulicke & Soffa Industries	96.5×
PLABPhotronics	15.0×
ENPHEnphase Energy	27.4×
Peer median	30.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Veeco Instruments

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.