VECO vs. UCTT

Last updated Apr 1, 2026

Compare and contrast key facts about Veeco Instruments Inc. (VECO) and Ultra Clean Holdings, Inc. (UCTT).

Performance

VECO vs. UCTT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Veeco Instruments Inc. (VECO) and Ultra Clean Holdings, Inc. (UCTT). The values are adjusted to include any dividend payments, if applicable.

VECO vs. UCTT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VECO Veeco Instruments Inc.	18.47%	6.64%	-13.63%	67.01%	-34.74%	64.00%	18.22%	98.18%	-50.10%	-49.06%
UCTT Ultra Clean Holdings, Inc.	145.48%	-29.54%	5.30%	2.99%	-42.21%	84.14%	32.72%	177.10%	-63.32%	138.04%

Fundamentals

Market Cap VECO : $2.05B UCTT : $2.82B
EPS VECO : $0.58 UCTT : -$4.00
PS Ratio VECO : 3.09 UCTT : 1.37
PB Ratio VECO : 2.32 UCTT : 3.96
Total Revenue (TTM) VECO : $664.29M UCTT : $2.05B
Gross Profit (TTM) VECO : $265.41M UCTT : $322.90M
EBITDA (TTM) VECO : $60.08M UCTT : -$50.30M

Returns By Period

In the year-to-date period, VECO achieves a 18.47% return, which is significantly lower than UCTT's 145.48% return. Over the past 10 years, VECO has underperformed UCTT with an annualized return of 5.62%, while UCTT has yielded a comparatively higher 27.80% annualized return.

VECO

• 1D: 3.14%
• 1M: 10.80%
• YTD: 18.47%
• 6M: 11.27%
• 1Y: 68.63%
• 3Y*: 17.02%
• 5Y*: 9.42%
• 10Y*: 5.62%

UCTT

• 1D: 11.25%
• 1M: 2.47%
• YTD: 145.48%
• 6M: 128.18%
• 1Y: 190.43%
• 3Y*: 23.31%
• 5Y*: -0.46%
• 10Y*: 27.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

VECO vs. UCTT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VECO

VECO Risk / Return Rank: 82
VECO Sharpe Ratio Rank: 81
VECO Sortino Ratio Rank: 79
VECO Omega Ratio Rank: 76
VECO Calmar Ratio Rank: 87
VECO Martin Ratio Rank: 85

UCTT

UCTT Risk / Return Rank: 93
UCTT Sharpe Ratio Rank: 95
UCTT Sortino Ratio Rank: 91
UCTT Omega Ratio Rank: 88
UCTT Calmar Ratio Rank: 96
UCTT Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VECO vs. UCTT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Veeco Instruments Inc. (VECO) and Ultra Clean Holdings, Inc. (UCTT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	VECO	UCTT	Difference
Sharpe ratio Return per unit of total volatility	1.33	2.61	-1.28
Sortino ratio Return per unit of downside risk	2.03	2.94	-0.92
Omega ratio Gain probability vs. loss probability	1.25	1.37	-0.12
Calmar ratio Return relative to maximum drawdown	3.26	6.14	-2.87
Martin ratio Return relative to average drawdown	8.12	16.06	-7.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VECO vs. UCTT - Sharpe Ratio Comparison

The current VECO Sharpe Ratio is 1.33, which is lower than the UCTT Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of VECO and UCTT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VECO	UCTT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.61	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	-0.01	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	0.48	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.16	-0.10

Correlation

The correlation between VECO and UCTT is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VECO vs. UCTT - Dividend Comparison

Neither VECO nor UCTT has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

VECO vs. UCTT - Drawdown Comparison

The maximum VECO drawdown since its inception was -96.68%, roughly equal to the maximum UCTT drawdown of -95.20%. Use the drawdown chart below to compare losses from any high point for VECO and UCTT.

Drawdown Indicators

	VECO	UCTT	Difference
Max Drawdown Largest peak-to-trough decline	-96.68%	-95.20%	-1.48%
Max Drawdown (1Y) Largest decline over 1 year	-20.27%	-29.74%	+9.47%
Max Drawdown (5Y) Largest decline over 5 years	-64.20%	-72.56%	+8.36%
Max Drawdown (10Y) Largest decline over 10 years	-80.96%	-79.34%	-1.62%
Current Drawdown Current decline from peak	-70.68%	-13.59%	-57.09%
Average Drawdown Average peak-to-trough decline	-70.58%	-46.71%	-23.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.14%	11.36%	-3.22%

Volatility

VECO vs. UCTT - Volatility Comparison

The current volatility for Veeco Instruments Inc. (VECO) is 16.39%, while Ultra Clean Holdings, Inc. (UCTT) has a volatility of 26.31%. This indicates that VECO experiences smaller price fluctuations and is considered to be less risky than UCTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VECO	UCTT	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.39%	26.31%	-9.92%
Volatility (6M) Calculated over the trailing 6-month period	38.00%	54.04%	-16.04%
Volatility (1Y) Calculated over the trailing 1-year period	51.98%	73.64%	-21.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.36%	57.78%	-15.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.10%	58.23%	-8.13%

Financials

VECO vs. UCTT - Profitability Comparison

The chart below illustrates the profitability comparison between Veeco Instruments Inc. and Ultra Clean Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

VECO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Veeco Instruments Inc. reported a gross profit of 61.28M and revenue of 165.02M. Therefore, the gross margin over that period was 37.1%.

UCTT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ultra Clean Holdings, Inc. reported a gross profit of 77.20M and revenue of 506.60M. Therefore, the gross margin over that period was 15.2%.

VECO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Veeco Instruments Inc. reported an operating income of -1.49M and revenue of 165.02M, resulting in an operating margin of -0.9%.

UCTT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ultra Clean Holdings, Inc. reported an operating income of 10.90M and revenue of 506.60M, resulting in an operating margin of 2.2%.

VECO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Veeco Instruments Inc. reported a net income of 1.11M and revenue of 165.02M, resulting in a net margin of 0.7%.

UCTT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ultra Clean Holdings, Inc. reported a net income of -3.30M and revenue of 506.60M, resulting in a net margin of -0.7%.