Logo

VPG

Vishay Precision Group, Inc.

VPG

Vishay Precision Group, Inc. • NYSE
$34.14 ▲ 0.26% (+0.09)
Market Cap $453.38 M
52w High $38.90
52w Low $18.57
Dividend Yield 0%
P/E 56.9
Volume 41.77K
Outstanding Shares 13.28M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $79.728M ▲ $21.966M ▼ $7.858M ▲ 9.856% ▲ $0.59 ▲ $13.882M ▲
Q2-2025 $75.161M ▲ $27.886M ▲ $248K ▲ 0.33% ▲ $0.019 ▲ $5.3M ▲
Q1-2025 $71.741M ▼ $27.105M ▼ $-942K ▼ -1.313% ▼ $-0.071 ▼ $3.298M ▼
Q4-2024 $72.653M ▼ $27.572M ▲ $768K ▲ 1.057% ▲ $0.06 ▲ $6.531M ▲
Q3-2024 $75.727M $26.419M $-1.351M -1.784% $-0.1 $5.106M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $86.253M ▼ $462.32M ▼ $124.516M ▼ $337.758M ▲
Q2-2025 $90.375M ▲ $465.554M ▲ $134.299M ▲ $331.211M ▲
Q1-2025 $83.892M ▲ $453.841M ▲ $128.826M ▼ $324.988M ▲
Q4-2024 $79.272M ▼ $450.935M ▼ $129.075M ▼ $321.967M ▼
Q3-2024 $81.077M $462.526M $131.869M $330.621M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $7.858M ▲ $-1.257M ▼ $8.678M ▲ $-11.072M ▼ $-4.122M ▼ $-3.45M ▼
Q2-2025 $304K ▲ $5.962M ▲ $-1.233M ▲ $-39K ▲ $6.483M ▲ $4.709M ▲
Q1-2025 $-955K ▼ $5.249M ▼ $-1.507M ▲ $-109K ▼ $4.62M ▲ $3.742M ▼
Q4-2024 $688K ▲ $6.776M ▲ $-6.583M ▼ $-105K ▲ $-1.805M ▲ $4.578M ▲
Q3-2024 $-1.351M $-1.4M $-1.487M $-1.944M $-3.051M $-3.187M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Avionics Military Space
Avionics Military Space
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
General Industrial
General Industrial
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Industrial Weighing
Industrial Weighing
 $10.00M ▲$10.00M ▲$20.00M ▲$10.00M ▼
Other Markets
Other Markets
 $20.00M ▲$10.00M ▼$30.00M ▲$10.00M ▼
Steel
Steel
 $10.00M ▲$10.00M ▲$20.00M ▲$10.00M ▼
Test Measurement
Test Measurement
 $10.00M ▲$10.00M ▲$30.00M ▲$10.00M ▼
Transportation
Transportation
 $10.00M ▲$10.00M ▲$30.00M ▲$20.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the past several years, with a recent dip after a couple of stronger years. Profitability improved meaningfully from the early period, but earnings have come off their peak and moved lower in the last two years. The business is still clearly profitable, but recent results suggest some margin pressure and softer demand versus its best years. Overall, this looks like a mature niche industrial-tech company with solid, but not rapid, growth and earnings that can fluctuate with cycles and project timing.

Balance Sheet

Balance Sheet The balance sheet appears conservative and stable. Total assets have inched up over time, equity has steadily grown, and cash levels have been reasonably consistent. Debt is present but modest relative to the size of the business and equity base, which provides a financial cushion. This structure gives the company flexibility to navigate downturns and to pursue acquisitions without being overly stretched.

Cash Flow

Cash Flow The company has generated positive operating cash flow every year, which is a good sign of underlying business health. Free cash flow is consistently positive as well, though not huge, after a regular and manageable level of capital spending. Cash generation dipped recently from a particularly strong year, but the pattern still points to a business that can generally fund its own investments and strategic initiatives from internal cash, rather than relying heavily on borrowing.

Competitive Edge

Competitive Edge VPG operates in specialized, high-precision sensing and measurement markets where accuracy and reliability are critical. Its proprietary foil technology, deep engineering know‑how, and vertical integration create meaningful barriers to entry. The company’s products are often designed into customer systems for long periods, which can support sticky relationships. At the same time, VPG competes in cyclical end markets like aerospace, industrial, and automotive testing, and its focus on niche segments means growth depends heavily on continued innovation and winning specific high-value programs rather than broad mass-market demand.

Innovation and R&D

Innovation and R&D Innovation is built around the company’s core foil and strain gage technologies, which it extends into sensors, weighing solutions, and complex measurement systems. Brands like Micro‑Measurements, DTS, KELK, and DSI show a pattern of moving up the value chain from components to complete systems and software. VPG is pushing into emerging uses such as electric vehicles, advanced driver assistance, and advanced materials testing, including a new ultra‑high‑temperature test system that could open fresh opportunities if adopted widely. R&D appears focused and application-driven, aiming to solve specific high‑stakes problems rather than chasing broad consumer trends.

Summary

Overall, VPG looks like a niche industrial-technology player with a defensible position in high-precision sensing and measurement. Financially, it has a conservative balance sheet, consistent but moderate free cash generation, and profitability that has improved over the long term but softened from recent highs. Strategically, its moat rests on proprietary technology, vertical integration, and deep application expertise in mission-critical markets. The key opportunities lie in turning its innovation pipeline and targeted acquisitions into durable growth areas, while the main risks are cyclical end markets, margin pressure, and the need to keep its specialized technology ahead of competitors over time.

NEWS

November 5, 2025 · 11:32 AM UTC

VPG to Present and Host 1x1 Investor Meetings at the 17th Annual Southwest IDEAS Conference on November 20, 2025 in Dallas, TX

Read more

November 4, 2025 · 6:20 AM UTC

VPG Adds Two New C-Suite Positions; Yair Alcobi Appointed As Chief Business and Product Officer and Rafi Ouzan Named Chief Operating Officer

Read more

November 4, 2025 · 6:15 AM UTC

VPG Reports Fiscal 2025 Third Quarter Results

Read more

October 15, 2025 · 8:30 AM UTC

Vishay Precision Group Announces Date for Its Third Quarter Fiscal 2025 Earnings Conference Call

Read more

September 29, 2025 · 9:40 AM UTC

Dynamic Systems Inc. and Stony Brook University Announce Beta Trial of Ultra-High-Temperature Testing System for Advanced Materials Research

Read more