Is the business good?
How good a business is VPG?
Vishay Precision Group, Inc. earns 4.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
4.1%
Return on invested capital · cost of capital 9.0% · 4.9 points below what the capital costs: growth destroys value
- Operating margin
- 4.5%
Operating margin · Scientific & Technical Instruments median 17% · 12 months to Q1 2026
- Cash conversion
- −0.18×
Cash conversion · 3.43× a year ago · some of the reported profit has not turned into cash yet
- R&D as % of revenue
- 6.7%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | 8.4% |
| FY2021 | 8.6% |
| FY2022 | 12% |
| FY2023 | 12% |
| FY2024 | 5.5% |
| FY2025 | 4.5% |
Details›
- Gross margin12 months to Q1 2026
- 39%
- Operating margin12 months to Q1 2026
- 4.5%
- Net margin12 months to Q1 2026
- 1.8%
- Free cash flow margin
- −0.33%
- R&D as % of revenue
- 6.7%
- Revenue, trailing twelve months
- $320M
- Free cash flow, trailing twelve months
- −$1.0M
- Net income, trailing twelve months
- $5.9M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 4.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Scientific & Technical Instruments
Ranks #15 of 16 by Smart Score