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Amtech Systems vs Veeco Instruments: revenue, profit, margins and growth compared

Amtech Systems brought in $79.4M of revenue in fiscal 2025, Veeco Instruments $664.3M in fiscal 2025. Revenue changed by -21.6% at Amtech Systems and -7.4% at Veeco Instruments on the year before, so Veeco Instruments grew faster. Amtech Systems kept -38.2% of its revenue as net profit, Veeco Instruments 5.3%. Free cash flow was $6.9M at Amtech Systems and $53.3M at Veeco Instruments.

Side by side, latest fiscal year

ASYSVECO
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$79.4M$664.3M
Revenue growth-21.6%-7.4%
Net income-$30.3M$35.4M
Net margin-38.2%5.3%
Free cash flow$6.9M$53.3M
Free cash flow margin8.7%8.0%
Earnings per share (diluted)-$2.12$0.59
Cash$17.9M$163.5M
Debt$294K$226M
Price to earningsn/a84.2
Market value$276.3M$3B
Dividend yieldn/an/a
Rank by revenue in sector#427 of 530 · Technology#277 of 530 · Technology

Over the years

Revenue
ASYS FY2018: $100.1MASYS FY2019: $85MASYS FY2020: $65.5MASYS FY2021: $85.2MASYS FY2022: $106.3MASYS FY2023: $113.3MASYS FY2024: $101.2MASYS FY2025: $79.4MVECO FY2018: $542.1MVECO FY2019: $419.3MVECO FY2020: $454.2MVECO FY2021: $583.3MVECO FY2022: $646.1MVECO FY2023: $666.4MVECO FY2024: $717.3MVECO FY2025: $664.3MFY18FY19FY20FY21FY22FY23FY24FY25
ASYS $79.4MVECO $664.3M
Net income
ASYS FY2018: $5.3MASYS FY2019: -$5.2MASYS FY2020: -$15.7MASYS FY2021: $1.5MASYS FY2022: $17.4MASYS FY2023: -$12.6MASYS FY2024: -$8.5MASYS FY2025: -$30.3MVECO FY2018: -$407.1MVECO FY2019: -$78.7MVECO FY2020: -$8.4MVECO FY2021: $26MVECO FY2022: $166.9MVECO FY2023: -$30.4MVECO FY2024: $73.7MVECO FY2025: $35.4MFY18FY19FY20FY21FY22FY23FY24FY25
ASYS -$30.3MVECO $35.4M
Net margin
ASYS FY2018: 5.3%ASYS FY2019: -6.1%ASYS FY2020: -24.0%ASYS FY2021: 1.8%ASYS FY2022: 16.3%ASYS FY2023: -11.1%ASYS FY2024: -8.4%ASYS FY2025: -38.2%VECO FY2018: -75.1%VECO FY2019: -18.8%VECO FY2020: -1.8%VECO FY2021: 4.5%VECO FY2022: 25.8%VECO FY2023: -4.6%VECO FY2024: 10.3%VECO FY2025: 5.3%FY18FY19FY20FY21FY22FY23FY24FY25
ASYS -38.2%VECO 5.3%
Revenue growth
ASYS FY2019: -15.0%ASYS FY2020: -23.0%ASYS FY2021: +30.2%ASYS FY2022: +24.8%ASYS FY2023: +6.6%ASYS FY2024: -10.7%ASYS FY2025: -21.6%VECO FY2019: -22.6%VECO FY2020: +8.3%VECO FY2021: +28.4%VECO FY2022: +10.8%VECO FY2023: +3.1%VECO FY2024: +7.6%VECO FY2025: -7.4%FY19FY20FY21FY22FY23FY24FY25
ASYS -21.6%VECO -7.4%
Free cash flow
ASYS FY2018: -$15.3MASYS FY2019: -$541KASYS FY2020: -$4.3MASYS FY2021: -$9MASYS FY2022: $4.1MASYS FY2023: -$10.6MASYS FY2024: $5MASYS FY2025: $6.9MVECO FY2018: -$50.4MVECO FY2019: -$18.3MVECO FY2020: $36.2MVECO FY2021: $27.1MVECO FY2022: $83.9MVECO FY2023: $33.7MVECO FY2024: $45.7MVECO FY2025: $53.3MFY18FY19FY20FY21FY22FY23FY24FY25
ASYS $6.9MVECO $53.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Amtech Systems and Veeco Instruments

Which is bigger by revenue, Amtech Systems or Veeco Instruments?

Veeco Instruments is bigger by revenue: $664.3M in fiscal 2025, against $79.4M for Amtech Systems in fiscal 2025.

Which keeps more of its revenue as profit, Amtech Systems or Veeco Instruments?

Amtech Systems had a net margin of -38.2% in fiscal 2025; Veeco Instruments had 5.3% in fiscal 2025.

Which grew revenue faster, Amtech Systems or Veeco Instruments?

In their latest fiscal years revenue changed by -21.6% at Amtech Systems and -7.4% at Veeco Instruments.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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