Vishay Precision Group, Inc. VPG
Vishay Precision Group, Inc. ("VPG," the "Company," "we," "us" or "our") is a global leader in precision measurement and sensing technologies that help power the future by bridging the physical world with the digital one. Many of our specialized sensors, weighing solutions, and measurement systems are "designed-in" by our customers, and address growing applications across a diverse array of industries and markets. Our products are marketed under brand names that we believe are characterized as having a very high level of precision and quality.
Driven by the continued proliferation of data generated by the expanding use of sensors across a widening array of industrial and technology-driven applications, precision measurement and sensing technologies help ensure and deliver required levels of quality of mission-critical or high-value data. VPG's products are often at the first stage of a data value chain (i.e., the process of converting the physical world into a digital format that can be used for a specific purpose) and as such impact the effectiveness of vast number of critical, high-value downstream processes. Over the past few years, we have seen a broadening of precision sensing applications in both our traditional industrial markets and new markets, due to the development of higher functionality in our customers' end products. Our precision measurement solutions are used across a wide variety of end markets upon which we focus, including test and measurement, industrial, transportation, steel, avionics, military and space, as well as other markets such as agriculture, consumer, and medical. The Company has a long heritage of innovation in sensor technologies that provide accuracy, reliability and repeatability that make our customers' products safer, smarter, and more productive. As the functionality of customers' products continues to increase, and they integrate more precision measurement sensors and related systems into their solutions, we believe this will offer substantial growth opportunities for our products and expertise.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Sensors Segment
- Weighing Solutions Segment
- Measurement Systems Segment
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Sensors Segment | $115.6M | $112.2M | $139.8M |
| Weighing Solutions Segment | $111.1M | $107.2M | $122.5M |
| Measurement Systems Segment | $80.4M | $87.1M | $92.7M |
As the company reported it, from the “Note 2 - Revenues - Disaggregation of Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $307.2M | $306.5M | $355.0M | $362.6M | $317.9M | $269.8M | $284.0M | $299.8M | $254.3M | $224.9M |
| Cost of revenue | $187.8M | $181.0M | $204.7M | $213.0M | $192.8M | $165.5M | $172.3M | $178.5M | $156.1M | $142.1M |
| Gross profit | $119.4M | $125.5M | $150.3M | $149.6M | $125.1M | $104.3M | $111.6M | $121.3M | $98.3M | $82.8M |
| R&D | $20.8M | $20.0M | $20.4M | $19.8M | $17.2M | $12.6M | $12.1M | $11.8M | $11.7M | $11.1M |
| SG&A | $109.6M | $107.5M | $106.8M | $104.3M | $95.3M | $78.3M | $79.6M | $80.9M | $73.8M | $68.4M |
| Operating income | $13.8M | $16.9M | $42.0M | $43.8M | $27.4M | $22.7M | $28.6M | $37.2M | $22.5M | $11.3M |
| Interest expense | $1.9M | $2.5M | $4.0M | $2.3M | $1.2M | $1.4M | $1.5M | $1.7M | $1.8M | $1.5M |
| Pre-tax income | $8.8M | $17.6M | $38.4M | $45.1M | $25.9M | $18.3M | $26.4M | $34.0M | $20.6M | $9.6M |
| Income tax | $3.5M | $7.7M | $12.4M | $8.5M | $5.5M | $7.5M | $4.1M | $10.3M | $6.2M | $3.2M |
| Net income | $5.3M | $9.9M | $25.7M | $36.1M | $20.2M | $10.8M | $22.2M | $23.6M | $14.3M | $6.4M |
| EPS, basic | 0.40 | 0.74 | 1.89 | 2.65 | 1.49 | 0.80 | 1.64 | 1.76 | 1.08 | 0.49 |
| EPS, diluted | 0.40 | 0.74 | 1.88 | 2.63 | 1.48 | 0.79 | 1.63 | 1.75 | 1.07 | 0.48 |
| Shares, diluted (wtd. avg.) | 13.3M | 13.4M | 13.7M | 13.7M | 13.7M | 13.6M | 13.6M | 13.5M | 13.5M | 13.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $87.4M | $79.3M | $84.0M | $88.6M | $84.3M | $98.4M | $86.9M | $90.2M | $74.3M | $58.5M |
| Short-term investments | $0 | $0 | — | — | — | — | — | — | — | — |
| Receivables | $56.3M | $51.2M | $56.4M | $60.1M | $58.3M | $45.3M | $43.2M | $53.2M | $46.8M | $34.3M |
| Inventory | $82.8M | $84.2M | $88.1M | $84.7M | $76.4M | $62.3M | $66.9M | $62.2M | $59.9M | $56.3M |
| Total current assets | $247.0M | $236.9M | $243.1M | $251.8M | $234.9M | $221.9M | $212.6M | $214.9M | $191.3M | $155.9M |
| Property, plant and equipment | $76.1M | $79.5M | $90.6M | $87.1M | $81.2M | $75.0M | $61.3M | $59.4M | $55.7M | $55.3M |
| Goodwill | $47.4M | $46.8M | $45.7M | $45.5M | $45.8M | $31.1M | $35.0M | $16.1M | $19.2M | $18.7M |
| Other intangibles | $38.2M | $41.8M | $44.6M | $48.2M | $52.4M | $32.0M | $34.2M | $17.7M | $20.5M | $21.6M |
| Total assets | $455.9M | $450.9M | $471.6M | $476.7M | $461.9M | $401.9M | $370.4M | $326.4M | $306.6M | $270.5M |
| Accounts payable | $10.5M | $9.9M | — | — | — | — | — | — | — | — |
| Short-term debt | — | — | — | — | $0 | $18.0K | $44.5M | $4.7M | $3.9M | $2.6M |
| Total current liabilities | $55.3M | $53.0M | $61.6M | $64.3M | $64.6M | $47.5M | $88.9M | $54.8M | $51.9M | $36.9M |
| Long-term debt | $20.6M | $31.4M | $31.9M | $60.8M | $60.7M | $40.6M | $17.0K | $22.4M | $28.5M | $33.5M |
| Total liabilities | $119.7M | $129.1M | $141.6M | $170.2M | $184.8M | $144.0M | $128.7M | $107.9M | $113.2M | $99.0M |
| Retained earnings | $197.3M | $192.0M | $182.1M | $156.4M | $120.3M | $100.1M | $89.3M | $66.6M | $43.1M | $28.7M |
| Total equity | $336.4M | $322.0M | $329.9M | $306.5M | $277.0M | $257.9M | $241.8M | $218.5M | $193.3M | $171.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $14.4M | $19.8M | $45.9M | $33.0M | $33.5M | $35.3M | $30.9M | $35.4M | $22.7M | $11.5M |
| Depreciation and amortisation | $15.9M | $15.8M | $15.6M | $15.4M | $15.0M | $12.5M | $11.8M | $10.6M | $10.6M | $11.1M |
| Stock-based compensation | $1.8M | $971.0K | $2.3M | $2.4M | $2.2M | $1.4M | $1.3M | $1.8M | $1.5M | $37.0K |
| Capital expenditure | $8.0M | $9.2M | $15.2M | $21.3M | $17.1M | $22.9M | $10.5M | $13.2M | $10.1M | $10.4M |
| Investing cash flow | $2.9M | -$12.9M | -$15.1M | -$20.8M | -$64.0M | -$21.8M | -$51.1M | -$14.4M | -$6.4M | -$16.8M |
| Financing cash flow | -$11.4M | -$9.4M | -$35.9M | -$3.6M | $18.8M | -$5.0M | $16.5M | -$3.5M | -$3.0M | $2.8M |
| Buybacks | $0 | $7.8M | $5.9M | $2.7M | $0 | $0 | — | — | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011815.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $224.9M | $254.3M | $299.8M | $284.0M | $269.8M | $317.9M | $362.6M | $355.0M | $306.5M | $307.2M |
| Gross profit | $82.8M | $98.3M | $121.3M | $111.6M | $104.3M | $125.1M | $149.6M | $150.3M | $125.5M | $119.4M |
| Net income | $6.4M | $14.3M | $23.6M | $22.2M | $10.8M | $20.2M | $36.1M | $25.7M | $9.9M | $5.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Annual report filed Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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