Vishay Precision Group, Inc.
VPG Technology Scientific & Technical Instruments
Vishay Precision Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $307.2 million, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 11.7%, EPS fell 750.0%, free cash flow fell 130.0% and total debt fell 50.4%, each against the same quarter a year earlier.
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Vishay Precision Group, Inc. (VPG) Altman Z-score
Vishay Precision Group, Inc.'s Altman Z-score for fiscal 2025 is 4.44, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.44 | 1.10 |
| FY2024 | 3.35 | (0.66) |
| FY2023 | 4.01 | 0.16 |
| FY2022 | 3.85 | 0.52 |
| FY2021 | 3.33 | (0.17) |
| FY2020 | 3.51 | (0.40) |
| FY2019 | 3.90 | (0.52) |
| FY2018 | 4.43 | 0.85 |
| FY2017 | 3.58 | 0.42 |
| FY2016 | 3.16 | 0.56 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.42 | — | 0.50 | |
| Retained earnings / total assets | 0.43 | — | 0.61 | |
| EBIT / total assets | 0.03 | — | 0.10 | |
| Market value of equity / total liabilities | 4.27 | — | 2.56 | |
| Sales / total assets | 0.67 | — | 0.67 | |
| Altman Z-score | Safe zone | 4.44 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 7.32 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| BMI Badger Meter, Inc. compare | 14.8× |
| NOVT Novanta Inc. compare | 6.6× |
| ITRN Ituran Location and Control Ltd. compare | 6.1× |
| VPG Vishay Precision Group, Inc. | 4.4× |
| VNT Vontier Corporation compare | 2.9× |
| ITRI Itron, Inc. compare | 2.5× |
| ST Sensata Technologies Holding N.V. compare | 2.1× |
| MLAB Mesa Laboratories, Inc. compare | 1.5× |
| USBC USBC, INC. compare | −0.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets