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Vishay Intertech Financials

VSH
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Vishay Intertech (VSH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 40 / 100
Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
26

Vishay Intertech has an operating margin of 1.8%, meaning the company retains $2 of operating profit per $100 of revenue. This below-average margin results in a low score of 26/100, suggesting thin profitability after operating expenses. This is up from 0.2% the prior year.

Growth
41

Vishay Intertech's revenue grew a modest 4.5% year-over-year to $3.1B. This slow but positive growth earns a score of 41/100.

Leverage
93

Vishay Intertech carries a low D/E ratio of 0.46, meaning only $0.46 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
49

Vishay Intertech's current ratio of 2.62 indicates adequate short-term liquidity, earning a score of 49/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
18

While Vishay Intertech generated $184.3M in operating cash flow, capex of $273.3M consumed most of it, leaving -$89.0M in free cash flow. This results in a low score of 18/100, reflecting heavy capital investment rather than weak cash generation.

Returns
10

Vishay Intertech generates a -0.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 10/100. This is up from -1.5% the prior year.

Altman Z-Score Grey Zone
2.10

Vishay Intertech scores 2.10, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
4/9

Vishay Intertech passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed
-20.53x

For every $1 of reported earnings, Vishay Intertech generates $-20.53 in operating cash flow ($184.3M OCF vs -$9.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
1.5x

Vishay Intertech earns $1.5 in operating income for every $1 of interest expense ($56.9M vs $38.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$3.1B
YoY+4.5%
5Y CAGR+4.2%
10Y CAGR+2.9%

Vishay Intertech generated $3.1B in revenue in fiscal year 2025. This represents an increase of 4.5% from the prior year.

EBITDA
$281.6M
YoY+30.2%
5Y CAGR-5.6%
10Y CAGR+0.3%

Vishay Intertech's EBITDA was $281.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 30.2% from the prior year.

Net Income
-$9.0M
YoY+71.2%

Vishay Intertech reported -$9.0M in net income in fiscal year 2025. This represents an increase of 71.2% from the prior year.

EPS (Diluted)
$-0.07
YoY+69.6%

Vishay Intertech earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents an increase of 69.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$89.0M
YoY+39.2%

Vishay Intertech generated -$89.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 39.2% from the prior year.

Cash & Debt
$515.0M
YoY-12.8%
5Y CAGR-3.6%
10Y CAGR+0.8%

Vishay Intertech held $515.0M in cash against $950.9M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.40
YoY+0.0%
5Y CAGR+1.0%
10Y CAGR+5.2%

Vishay Intertech paid $0.40 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
19.4%
YoY-1.9pp
5Y CAGR-3.9pp
10Y CAGR-4.2pp

Vishay Intertech's gross margin was 19.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the prior year.

Operating Margin
1.8%
YoY+1.7pp
5Y CAGR-6.5pp
10Y CAGR-2.4pp

Vishay Intertech's operating margin was 1.8% in fiscal year 2025, reflecting core business profitability. This is up 1.7 percentage points from the prior year.

Net Margin
-0.3%
YoY+0.8pp
5Y CAGR-5.2pp
10Y CAGR+4.4pp

Vishay Intertech's net profit margin was -0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.8 percentage points from the prior year.

Return on Equity
-0.4%
YoY+1.1pp
5Y CAGR-8.2pp
10Y CAGR+6.3pp

Vishay Intertech's ROE was -0.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

Capital Allocation

R&D Spending
$122.4M
YoY+1.9%
5Y CAGR+11.5%
10Y CAGR+6.7%

Vishay Intertech invested $122.4M in research and development in fiscal year 2025. This represents an increase of 1.9% from the prior year.

Share Buybacks
$12.5M
YoY-75.1%

Vishay Intertech spent $12.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 75.1% from the prior year.

Capital Expenditures
$273.3M
YoY-14.6%
5Y CAGR+17.2%
10Y CAGR+6.4%

Vishay Intertech invested $273.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 14.6% from the prior year.

VSH Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $800.9M+1.3% $790.6M+3.7% $762.3M+6.6% $715.2M+0.1% $714.7M-2.8% $735.4M-0.8% $741.2M-0.7% $746.3M
Cost of Revenue $644.1M+1.2% $636.8M+3.8% $613.6M+5.8% $579.7M+1.2% $572.6M-2.0% $584.5M+1.1% $578.4M+0.4% $575.9M
Gross Profit $156.8M+1.9% $153.9M+3.5% $148.7M+9.7% $135.6M-4.6% $142.1M-5.8% $150.9M-7.4% $162.9M-4.4% $170.4M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $142.0M+5.4% $134.7M+6.4% $126.6M-6.1% $134.7M+1.8% $132.3M+2.9% $128.5M+2.9% $125.0M-2.2% $127.7M
Operating Income $14.8M-22.8% $19.1M-13.4% $22.1M+2613.9% $815K+101.4% -$56.7M-210.2% -$18.3M-148.2% $37.9M-11.1% $42.7M
Interest Expense $9.7M+2.3% $9.5M-10.0% $10.6M+20.5% $8.8M+13.7% $7.7M+17.2% $6.6M-0.9% $6.7M+2.5% $6.5M
Income Tax $4.6M-76.8% $19.8M+92.4% $10.3M+7653.7% -$136K-101.9% $7.2M+242.5% -$5.1M-141.0% $12.4M-3.3% $12.8M
Net Income $986K+112.5% -$7.9M-493.0% $2.0M+149.0% -$4.1M+93.8% -$66.3M-243.6% -$19.3M-182.0% $23.5M-23.9% $30.9M
EPS (Diluted) N/A $-0.06-700.0% $0.01+133.3% $-0.03 N/A $-0.14-182.4% $0.17-22.7% $0.22

VSH Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $4.2B+0.9% $4.2B-0.6% $4.2B+0.5% $4.2B+2.2% $4.1B-2.6% $4.2B+1.6% $4.2B-2.6% $4.3B
Current Assets $1.9B-0.4% $1.9B-0.9% $1.9B-3.2% $2.0B+3.1% $1.9B-4.7% $2.0B+0.7% $2.0B-6.8% $2.1B
Cash & Equivalents $515.0M+16.0% $443.9M-6.3% $473.9M-22.2% $609.4M+3.2% $590.3M-8.3% $643.8M-4.3% $672.7M-15.5% $796.5M
Inventory $759.2M-0.1% $759.9M+0.7% $754.9M+6.0% $712.4M+3.3% $689.4M+0.3% $687.2M+2.4% $671.3M+0.8% $665.8M
Accounts Receivable $381.8M-17.6% $463.6M+0.4% $461.8M+8.0% $427.6M+6.4% $401.9M-6.2% $428.6M+1.0% $424.5M+3.2% $411.2M
Goodwill $180.4M0.0% $180.4M0.0% $180.3M+0.5% $179.4M+0.2% $179.0M-29.9% $255.3M+1.9% $250.6M+4.9% $238.9M
Total Liabilities $2.1B+1.6% $2.1B-0.6% $2.1B-1.9% $2.2B+4.1% $2.1B+1.7% $2.0B+3.8% $2.0B-5.1% $2.1B
Current Liabilities $720.4M+1.4% $710.7M+0.5% $707.3M+0.3% $705.4M-0.4% $708.3M-0.9% $714.4M+6.6% $670.0M-5.6% $709.3M
Long-Term Debt $950.9M+3.4% $919.7M+0.6% $914.5M-7.5% $988.2M+9.2% $905.0M+10.3% $820.8M0.0% $820.6M+0.1% $819.4M
Total Equity $2.1B+0.3% $2.1B-0.6% $2.1B+3.1% $2.0B+0.2% $2.0B-6.4% $2.2B-0.4% $2.2B-0.3% $2.2B
Retained Earnings $892.2M-1.4% $904.8M-2.3% $926.3M-1.2% $937.8M-1.8% $955.5M-7.7% $1.0B-3.1% $1.1B+0.9% $1.1B

VSH Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $149.4M+440.4% $27.6M+414.4% -$8.8M-154.6% $16.1M-76.2% $67.7M+33.8% $50.6M+304.5% -$24.7M-130.8% $80.2M
Capital Expenditures $94.8M+81.2% $52.3M-19.0% $64.6M+4.9% $61.6M-57.5% $144.9M+143.4% $59.5M-4.9% $62.6M+17.9% $53.1M
Free Cash Flow $54.6M+321.0% -$24.7M+66.4% -$73.4M-61.4% -$45.5M+41.1% -$77.2M-762.0% -$9.0M+89.7% -$87.3M-421.8% $27.1M
Investing Cash Flow -$94.5M-96.8% -$48.0M+19.2% -$59.4M-6.0% -$56.0M+64.9% -$159.6M-177.2% -$57.6M+19.5% -$71.5M+68.0% -$223.8M
Financing Cash Flow $16.4M+270.7% -$9.6M+87.8% -$78.5M-250.9% $52.0M+6.9% $48.6M+277.7% -$27.4M-3.9% -$26.3M+13.2% -$30.3M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks -$10K $0 $0-100.0% $12.5M-0.7% $12.6M0.0% $12.6M0.0% $12.6M+0.7% $12.5M

VSH Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 19.6%+0.1pp 19.5%-0.1pp 19.5%+0.6pp 18.9%-0.9pp 19.9%-0.6pp 20.5%-1.5pp 22.0%-0.9pp 22.8%
Operating Margin 1.8%-0.6pp 2.4%-0.5pp 2.9%+2.8pp 0.1%+8.0pp -7.9%-5.4pp -2.5%-7.6pp 5.1%-0.6pp 5.7%
Net Margin 0.1%+1.1pp -1.0%-1.3pp 0.3%+0.8pp -0.6%+8.7pp -9.3%-6.7pp -2.6%-5.8pp 3.2%-1.0pp 4.1%
Return on Equity 0.1%+0.4pp -0.4%-0.5pp 0.1%+0.3pp -0.2%+3.1pp -3.3%-2.4pp -0.9%-2.0pp 1.1%-0.3pp 1.4%
Return on Assets 0.0%+0.2pp -0.2%-0.2pp 0.1%+0.1pp -0.1%+1.5pp -1.6%-1.1pp -0.5%-1.0pp 0.6%-0.2pp 0.7%
Current Ratio 2.62-0.0 2.67-0.0 2.70-0.1 2.80+0.1 2.70-0.1 2.81-0.2 2.98-0.0 3.02
Debt-to-Equity 0.46+0.0 0.440.0 0.44-0.0 0.49+0.0 0.45+0.1 0.380.0 0.380.0 0.38
FCF Margin 6.8%+9.9pp -3.1%+6.5pp -9.6%-3.3pp -6.4%+4.5pp -10.8%-9.6pp -1.2%+10.6pp -11.8%-15.4pp 3.6%

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Frequently Asked Questions

Vishay Intertech (VSH) reported $3.1B in total revenue for fiscal year 2025. This represents a 4.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Vishay Intertech (VSH) revenue grew by 4.5% year-over-year, from $2.9B to $3.1B in fiscal year 2025.

No, Vishay Intertech (VSH) reported a net income of -$9.0M in fiscal year 2025, with a net profit margin of -0.3%.

Vishay Intertech (VSH) reported diluted earnings per share of $-0.07 for fiscal year 2025. This represents a 69.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Vishay Intertech (VSH) had EBITDA of $281.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Vishay Intertech (VSH) had $515.0M in cash and equivalents against $950.9M in long-term debt.

Vishay Intertech (VSH) had a gross margin of 19.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Vishay Intertech (VSH) had an operating margin of 1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Vishay Intertech (VSH) had a net profit margin of -0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Vishay Intertech (VSH) paid $0.40 per share in dividends during fiscal year 2025.

Vishay Intertech (VSH) has a return on equity of -0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Vishay Intertech (VSH) generated -$89.0M in free cash flow during fiscal year 2025. This represents a 39.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Vishay Intertech (VSH) generated $184.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Vishay Intertech (VSH) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Vishay Intertech (VSH) invested $273.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Vishay Intertech (VSH) invested $122.4M in research and development during fiscal year 2025.

Yes, Vishay Intertech (VSH) spent $12.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Vishay Intertech (VSH) had a current ratio of 2.62 as of fiscal year 2025, which is generally considered healthy.

Vishay Intertech (VSH) had a debt-to-equity ratio of 0.46 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Vishay Intertech (VSH) had a return on assets of -0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Vishay Intertech (VSH) has an Altman Z-Score of 2.10, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Vishay Intertech (VSH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Vishay Intertech (VSH) has an earnings quality ratio of -20.53x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Vishay Intertech (VSH) has an interest coverage ratio of 1.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Vishay Intertech (VSH) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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