Nova vs Veeco Instruments
Nova is the larger business, with $881m of revenue in fiscal 2025 against $664m for Veeco Instruments (1.3 times as much). Nova grew faster (31.0% against -7.4%). Nova kept more of each dollar of sales as profit: a net margin of 29.4% against 5.3%.
| Latest fiscal year | NovaNVMI, 2025 | Veeco InstrumentsVECO, 2025 |
|---|---|---|
| Revenue | $881m | $664m |
| Revenue growth | 31.0% | -7.4% |
| Net income | $259m | $35.4m |
| Operating margin | — | — |
| Net margin | 29.4% | 5.3% |
| Return on equity | 23.1% | 4.3% |
| Free cash flow | $218m | $53.3m |
| Cash | $214m | $163m |
| Total debt | $732m | $226m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $35.0m | — |
| Employees | — | 1,265 |
| Market value | $9.59bn | $2.29bn |
| Price vs our value range | Above our value range | Above our value range |
| Moat score | 76 (Strong) | 45 (Weak) |
| Insider trades, 12 months | 0 buys, 14 sales | 0 buys, 26 sales |