Camtek vs Veeco Instruments
Veeco Instruments is the larger business, with $664m of revenue in fiscal 2025 against $496m for Camtek (1.3 times as much). Camtek grew faster (15.6% against -7.4%). Camtek kept more of each dollar of sales as profit: a net margin of 10.2% against 5.3%.
| Latest fiscal year | CamtekCAMT, 2025 | Veeco InstrumentsVECO, 2025 |
|---|---|---|
| Revenue | $496m | $664m |
| Revenue growth | 15.6% | -7.4% |
| Net income | $50.7m | $35.4m |
| Operating margin | 25.8% | — |
| Net margin | 10.2% | 5.3% |
| Return on equity | 8.7% | 4.3% |
| Free cash flow | $127m | $53.3m |
| Cash | $178m | $163m |
| Total debt | $520m | $226m |
| Debt to equity | 84.3% | — |
| Dividend per share | — | — |
| Dividend yield | 0.0% | — |
| Share buybacks | — | — |
| Employees | — | 1,265 |
| Market value | $5.15bn | $2.29bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 38 (Weak) | 45 (Weak) |
| Insider trades, 12 months | 0 buys, 13 sales | 0 buys, 26 sales |