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Side-by-side financial comparison of PERDOCEO EDUCATION Corp (PRDO) and VEECO INSTRUMENTS INC (VECO). Click either name above to swap in a different company.

PERDOCEO EDUCATION Corp is the larger business by last-quarter revenue ($211.6M vs $165.0M, roughly 1.3× VEECO INSTRUMENTS INC). On growth, PERDOCEO EDUCATION Corp posted the faster year-over-year revenue change (20.0% vs -9.4%). PERDOCEO EDUCATION Corp produced more free cash flow last quarter ($37.9M vs $21.7M). Over the past eight quarters, PERDOCEO EDUCATION Corp's revenue compounded faster (12.2% CAGR vs -2.8%).

Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.

Veeco Instruments Inc. is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.

PRDO vs VECO — Head-to-Head

Bigger by revenue
PRDO
PRDO
1.3× larger
PRDO
$211.6M
$165.0M
VECO
Growing faster (revenue YoY)
PRDO
PRDO
+29.4% gap
PRDO
20.0%
-9.4%
VECO
More free cash flow
PRDO
PRDO
$16.2M more FCF
PRDO
$37.9M
$21.7M
VECO
Faster 2-yr revenue CAGR
PRDO
PRDO
Annualised
PRDO
12.2%
-2.8%
VECO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRDO
PRDO
VECO
VECO
Revenue
$211.6M
$165.0M
Net Profit
$1.1M
Gross Margin
36.7%
Operating Margin
19.8%
-0.8%
Net Margin
0.7%
Revenue YoY
20.0%
-9.4%
Net Profit YoY
-92.6%
EPS (diluted)
$0.55
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
PRDO
PRDO
VECO
VECO
Q4 25
$211.6M
$165.0M
Q3 25
$211.9M
$165.9M
Q2 25
$209.6M
$166.1M
Q1 25
$213.0M
$167.3M
Q4 24
$176.4M
$182.1M
Q3 24
$169.8M
$184.8M
Q2 24
$166.7M
$175.9M
Q1 24
$168.3M
$174.5M
Net Profit
PRDO
PRDO
VECO
VECO
Q4 25
$1.1M
Q3 25
$39.9M
$10.6M
Q2 25
$41.0M
$11.7M
Q1 25
$43.7M
$11.9M
Q4 24
$15.0M
Q3 24
$38.3M
$22.0M
Q2 24
$38.4M
$14.9M
Q1 24
$39.4M
$21.9M
Gross Margin
PRDO
PRDO
VECO
VECO
Q4 25
36.7%
Q3 25
40.8%
Q2 25
41.4%
Q1 25
40.9%
Q4 24
40.6%
Q3 24
42.9%
Q2 24
42.9%
Q1 24
43.2%
Operating Margin
PRDO
PRDO
VECO
VECO
Q4 25
19.8%
-0.8%
Q3 25
24.1%
6.4%
Q2 25
24.5%
7.4%
Q1 25
24.3%
8.5%
Q4 24
21.1%
2.1%
Q3 24
26.4%
13.2%
Q2 24
27.6%
9.5%
Q1 24
27.5%
12.6%
Net Margin
PRDO
PRDO
VECO
VECO
Q4 25
0.7%
Q3 25
18.8%
6.4%
Q2 25
19.6%
7.1%
Q1 25
20.5%
7.1%
Q4 24
8.2%
Q3 24
22.5%
11.9%
Q2 24
23.0%
8.5%
Q1 24
23.4%
12.5%
EPS (diluted)
PRDO
PRDO
VECO
VECO
Q4 25
$0.55
$0.02
Q3 25
$0.60
$0.17
Q2 25
$0.62
$0.20
Q1 25
$0.65
$0.20
Q4 24
$0.46
$0.25
Q3 24
$0.57
$0.36
Q2 24
$0.57
$0.25
Q1 24
$0.59
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRDO
PRDO
VECO
VECO
Cash + ST InvestmentsLiquidity on hand
$111.0M
$163.5M
Total DebtLower is stronger
$226.0M
Stockholders' EquityBook value
$972.4M
$885.5M
Total Assets
$1.2B
$1.3B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRDO
PRDO
VECO
VECO
Q4 25
$111.0M
$163.5M
Q3 25
$159.5M
$193.2M
Q2 25
$172.1M
$188.9M
Q1 25
$132.1M
$174.9M
Q4 24
$109.1M
$145.6M
Q3 24
$238.0M
$163.2M
Q2 24
$127.9M
$174.2M
Q1 24
$125.8M
$174.0M
Total Debt
PRDO
PRDO
VECO
VECO
Q4 25
$226.0M
Q3 25
$225.7M
Q2 25
$225.4M
Q1 25
$250.0M
Q4 24
$276.2M
Q3 24
$275.9M
Q2 24
$275.6M
Q1 24
$275.2M
Stockholders' Equity
PRDO
PRDO
VECO
VECO
Q4 25
$972.4M
$885.5M
Q3 25
$997.9M
$876.0M
Q2 25
$984.6M
$856.2M
Q1 25
$970.3M
$811.9M
Q4 24
$959.5M
$770.8M
Q3 24
$935.4M
$746.5M
Q2 24
$899.5M
$715.0M
Q1 24
$866.1M
$687.9M
Total Assets
PRDO
PRDO
VECO
VECO
Q4 25
$1.2B
$1.3B
Q3 25
$1.3B
$1.3B
Q2 25
$1.3B
$1.3B
Q1 25
$1.3B
$1.3B
Q4 24
$1.2B
$1.3B
Q3 24
$1.1B
$1.3B
Q2 24
$1.1B
$1.2B
Q1 24
$1.1B
$1.2B
Debt / Equity
PRDO
PRDO
VECO
VECO
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.31×
Q4 24
0.36×
Q3 24
0.37×
Q2 24
0.39×
Q1 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PRDO
PRDO
VECO
VECO
Operating Cash FlowLast quarter
$40.1M
$24.9M
Free Cash FlowOCF − Capex
$37.9M
$21.7M
FCF MarginFCF / Revenue
17.9%
13.1%
Capex IntensityCapex / Revenue
1.1%
2.0%
Cash ConversionOCF / Net Profit
22.38×
TTM Free Cash FlowTrailing 4 quarters
$216.7M
$53.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRDO
PRDO
VECO
VECO
Q4 25
$40.1M
$24.9M
Q3 25
$41.2M
$15.5M
Q2 25
$78.8M
$9.0M
Q1 25
$65.1M
$20.0M
Q4 24
$17.6M
$28.4M
Q3 24
$51.0M
$17.6M
Q2 24
$38.5M
$8.5M
Q1 24
$54.5M
$9.4M
Free Cash Flow
PRDO
PRDO
VECO
VECO
Q4 25
$37.9M
$21.7M
Q3 25
$39.4M
$13.0M
Q2 25
$76.0M
$5.4M
Q1 25
$63.4M
$13.2M
Q4 24
$16.0M
$23.2M
Q3 24
$50.0M
$13.6M
Q2 24
$37.7M
$5.5M
Q1 24
$53.3M
$3.4M
FCF Margin
PRDO
PRDO
VECO
VECO
Q4 25
17.9%
13.1%
Q3 25
18.6%
7.8%
Q2 25
36.3%
3.3%
Q1 25
29.8%
7.9%
Q4 24
9.1%
12.7%
Q3 24
29.4%
7.4%
Q2 24
22.6%
3.1%
Q1 24
31.7%
1.9%
Capex Intensity
PRDO
PRDO
VECO
VECO
Q4 25
1.1%
2.0%
Q3 25
0.9%
1.6%
Q2 25
1.3%
2.2%
Q1 25
0.8%
4.0%
Q4 24
0.9%
2.8%
Q3 24
0.6%
2.2%
Q2 24
0.5%
1.7%
Q1 24
0.7%
3.4%
Cash Conversion
PRDO
PRDO
VECO
VECO
Q4 25
22.38×
Q3 25
1.03×
1.47×
Q2 25
1.92×
0.77×
Q1 25
1.49×
1.67×
Q4 24
1.90×
Q3 24
1.33×
0.80×
Q2 24
1.00×
0.57×
Q1 24
1.38×
0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRDO
PRDO

CTU$107.0M51%
AIUS$60.8M29%
University Of St Augustine For Health Sciences Llc$43.7M21%
Other$1.1M1%

VECO
VECO

Asia Pacific Excluding China$89.9M54%
Other$44.8M27%
Compound Semiconductor$20.1M12%
Data Storage$10.2M6%

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