NYSE : VSH
Vishay Intertechnology, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 26.74 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.10B
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Financial statements
Vishay Intertechnology, Inc. (VSH) reported revenue of 3.32B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.32B | 3.07B | 2.94B | 3.40B | 3.50B | 3.24B |
| Cost of Revenue | 2.65B | 2.47B | 2.31B | 2.43B | 2.43B | 2.35B |
| Gross Profit | 664.63M | 594.88M | 626.29M | 974.49M | 1.07B | 887.91M |
| Selling, General & Admin | 604.45M | 557.08M | 521.46M | 497.08M | 454.05M | 433.32M |
| Operating Expenses | 604.45M | 557.08M | 521.46M | 497.08M | 454.05M | 433.32M |
| Operating Income | 60.18M | 37.80M | 104.83M | 477.41M | 611.60M | 454.60M |
| Interest Expense | -39.58M | -38.65M | -27.48M | -25.13M | -17.13M | -17.54M |
| Interest & Investment Income | 12.59M | 13.36M | 25.48M | 31.35M | 7.56M | 1.27M |
| Currency Exchange Gain (Loss) | -4.69M | -895.00K | 774.00K | 677.00K | 5.69M | -2.69M |
| Other Non Operating Income (Expenses) | 1.82M | 1.80M | 1.63M | 616.00K | -200.00K | 11.00K |
| EBT Excluding Unusual Items | 30.32M | 13.42M | 105.23M | 484.93M | 607.52M | 435.65M |
| Merger & Restructuring Charges | -40.61M | |||||
| Impairment of Goodwill | -66.49M | |||||
| Gain (Loss) on Sale of Investments | 1.09M | 796.00K | -519.00K | 1.35M | -6.81M | -1.04M |
| Other Unusual Items | 41.30M | 11.29M | -18.87M | -7.21M | ||
| Pretax Income | 72.72M | 25.51M | -2.39M | 467.40M | 593.50M | 434.61M |
| Income Tax Expense | 44.32M | 34.49M | 27.37M | 141.89M | 163.02M | 135.67M |
| Earnings From Continuing Operations | 28.40M | -8.98M | -29.75M | 325.51M | 430.48M | 298.94M |
| Minority Interest in Earnings | -1.40M | -1.69M | -1.67M | -967.00K | ||
| Net Income | 28.40M | -8.98M | -31.15M | 323.82M | 428.81M | 297.97M |
| Net Income to Common | 28.40M | -8.98M | -31.15M | 323.82M | 428.81M | 297.97M |
| Shares Outstanding (Basic) | 136.08M | 135.74M | 136.96M | 139.45M | 143.40M | 145.00M |
| Shares Outstanding (Diluted) | 139.20M | 135.74M | 136.96M | 140.25M | 143.91M | 145.50M |
| EPS (Basic) | 0.21 | -0.07 | -0.23 | 2.32 | 2.99 | 2.05 |
| EPS (Diluted) | 0.21 | -0.07 | -0.23 | 2.31 | 2.98 | 2.05 |
| Free Cash Flow | -6.96M | -88.98M | -146.38M | 36.29M | 158.98M | 238.73M |
| Free Cash Flow Per Share | -0.05 | -0.66 | -1.07 | 0.26 | 1.10 | 1.64 |
| Dividend Per Share | 0.40 | 0.40 | 0.40 | 0.40 | 0.40 | 0.39 |
| Gross Margin | 20.02% | 19.38% | 21.32% | 28.64% | 30.47% | 27.40% |
| Operating Margin | 1.81% | 1.23% | 3.57% | 14.03% | 17.49% | 14.03% |
| Profit Margin | 0.86% | -0.29% | -1.06% | 9.52% | 12.26% | 9.20% |
| Free Cash Flow Margin | -0.21% | -2.90% | -4.98% | 1.07% | 4.55% | 7.37% |
| EBITDA | 289.50M | 262.54M | 315.47M | 661.79M | 775.59M | 621.63M |
| EBITDA Margin | 8.72% | 8.55% | 10.74% | 19.45% | 22.18% | 19.18% |
| D&A For EBITDA | 229.32M | 224.74M | 210.65M | 184.37M | 163.99M | 167.04M |
| EBIT | 60.18M | 37.80M | 104.83M | 477.41M | 611.60M | 454.60M |
| EBIT Margin | 1.81% | 1.23% | 3.57% | 14.03% | 17.49% | 14.03% |
| Effective Tax Rate | 60.95% | 135.19% | 30.36% | 27.47% | 31.22% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.30B | 514.97M | 590.29M | 972.72M | 610.83M | 774.11M |
| Short-Term Investments | 5.26M | 265.00K | 16.13M | 35.81M | 305.27M | 146.74M |
| Cash & Short-Term Investments | 1.30B | 515.23M | 606.42M | 1.01B | 916.10M | 920.85M |
| Receivables | 393.37M | 381.80M | 401.90M | 426.67M | 416.18M | 396.46M |
| Inventory | 807.11M | 759.20M | 689.38M | 647.52M | 618.88M | 536.50M |
| Prepaid Expenses | 221.81M | 231.00M | 217.81M | 214.44M | 170.06M | 156.69M |
| Total Current Assets | 2.72B | 1.89B | 1.92B | 2.30B | 2.12B | 2.01B |
| Property, Plant & Equipment | 1.87B | 1.79B | 1.66B | 1.42B | 1.26B | 1.10B |
| Goodwill | 180.03M | 180.39M | 179.00M | 201.42M | 201.43M | 165.27M |
| Other Intangible Assets | 71.27M | 78.49M | 87.22M | 72.33M | 77.90M | 67.71M |
| Long-Term Deferred Tax Assets | 190.38M | 183.02M | 159.77M | 137.39M | 104.67M | 95.04M |
| Other Long-Term Assets | 117.55M | 112.12M | 105.50M | 110.14M | 98.80M | 107.62M |
| Total Assets | 5.16B | 4.23B | 4.11B | 4.24B | 3.87B | 3.54B |
| Accounts Payable | 237.48M | 214.98M | 216.31M | 191.00M | 189.10M | 254.05M |
| Accrued Expenses | 489.72M | 355.30M | 317.55M | 308.87M | 320.50M | 287.29M |
| Current Portion of Leases | 28.24M | 26.55M | 25.90M | 26.48M | 25.32M | 23.39M |
| Current Income Taxes Payable | 18.76M | 14.75M | 64.56M | 73.10M | 84.16M | 35.44M |
| Other Current Liabilities | 108.85M | 84.02M | 92.42M | 107.18M | 93.50M | |
| Total Current Liabilities | 1.51B | 720.43M | 708.35M | 691.88M | 726.26M | 693.67M |
| Long-Term Debt | 234.54M | 950.89M | 905.02M | 818.19M | 500.94M | 455.67M |
| Long-Term Leases | 96.58M | 95.80M | 94.22M | 102.83M | 108.49M | 99.99M |
| Pension & Post-Retirement Benefits | 166.25M | 172.72M | 173.70M | 195.50M | 187.09M | 271.67M |
| Long-Term Deferred Tax Liabilities | 97.49M | 96.82M | 96.36M | 95.78M | 117.18M | 69.00M |
| Other Long-Term Liabilities | 136.67M | 109.23M | 104.09M | 134.94M | 175.54M | 206.54M |
| Total Liabilities | 2.24B | 2.15B | 2.08B | 2.04B | 1.82B | 1.80B |
| Common Stock | 15.34M | 13.56M | 14.57M | 14.53M | 14.50M | 14.48M |
| Additional Paid-In Capital | 1.95B | 1.10B | 1.31B | 1.29B | 1.35B | 1.35B |
| Retained Earnings | 900.27M | 892.23M | 955.50M | 1.04B | 773.23M | 401.69M |
| Treasury Stock | -212.06M | -161.66M | -82.97M | |||
| Comprehensive Income & Other | 51.66M | 81.39M | -35.29M | 10.34M | -10.83M | -20.25M |
| Total Common Equity | 2.91B | 2.09B | 2.03B | 2.20B | 2.05B | 1.74B |
| Minority Interest | 4.72M | 3.90M | 2.97M | |||
| Shareholders' Equity | 2.91B | 2.09B | 2.03B | 2.20B | 2.05B | 1.75B |
| Total Liabilities & Equity | 5.16B | 4.23B | 4.11B | 4.24B | 3.87B | 3.54B |
| Total Debt | 1.10B | 1.07B | 1.03B | 947.50M | 634.75M | 579.04M |
| Net Cash (Debt) | 205.46M | -558.01M | -418.72M | 61.02M | 281.35M | 341.81M |
| Net Cash Per Share | 1.48 | -4.11 | -3.06 | 0.44 | 1.95 | 2.35 |
| Filing Date Shares Outstanding | 153.38M | 135.79M | 135.57M | 137.51M | 140.46M | 144.90M |
| Total Common Shares Outstanding | 153.38M | 135.60M | 135.77M | 137.75M | 140.77M | 144.81M |
| Working Capital | 1.21B | 1.17B | 1.21B | 1.61B | 1.39B | 1.32B |
| Book Value Per Share | 18.99 | 15.40 | 14.94 | 15.94 | 14.54 | 12.04 |
| Tangible Book Value | 2.66B | 1.83B | 1.76B | 1.92B | 1.77B | 1.51B |
| Tangible Book Value Per Share | 17.35 | 13.49 | 12.98 | 13.96 | 12.55 | 10.43 |
| Land | 85.71M | 86.40M | 84.12M | 77.01M | 75.91M | 74.65M |
| Buildings | 841.29M | 839.86M | 766.06M | 719.39M | 658.83M | 639.88M |
| Machinery | 3.51B | 3.48B | 3.26B | 3.05B | 2.86B | 2.76B |
| Construction In Progress | 558.13M | 464.48M | 367.56M | 290.59M | 243.04M | 145.83M |
| Order Backlog | 1.31B | 1.05B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 28.40M | -8.98M | -31.15M | 323.82M | 428.81M | 297.97M |
| Depreciation & Amortization | 229.32M | 224.74M | 210.65M | 184.37M | 163.99M | 167.04M |
| Loss (Gain) From Sale of Assets | 51.00K | 100.00K | -1.97M | -554.00K | -455.00K | -303.00K |
| Asset Writedown & Restructuring Costs | 66.49M | |||||
| Stock-Based Compensation | 30.68M | 22.36M | 20.92M | 16.53M | 6.54M | 6.61M |
| Other Operating Activities | 31.42M | -31.06M | -23.12M | 3.39M | 27.51M | 69.21M |
| Change in Accounts Receivable | 39.35M | 39.35M | 17.52M | -3.72M | -26.70M | -67.71M |
| Change in Inventory | -74.93M | -74.93M | -78.50M | -58.76M | -119.59M | -121.49M |
| Change in Accounts Payable | -6.35M | -6.35M | 22.81M | 743.00K | -61.66M | 61.48M |
| Change in Other Net Operating Assets | 68.10M | 19.09M | -29.95M | -100.12M | 65.84M | 44.31M |
| Operating Cash Flow | 346.03M | 184.31M | 173.70M | 365.70M | 484.29M | 457.10M |
| Capital Expenditures | -352.99M | -273.29M | -320.08M | -329.41M | -325.31M | -218.37M |
| Sale of Property, Plant & Equipment | 889.00K | 1.16M | 3.02M | 1.16M | 1.20M | 1.32M |
| Cash Acquisitions | -216.02M | -13.75M | -50.00M | -20.85M | ||
| Investment in Securities | 619.00K | 16.54M | 19.66M | 270.38M | -153.06M | 7.29M |
| Other Investing Activities | -2.06M | -2.34M | 970.00K | -1.22M | -1.77M | 129.00K |
| Investing Cash Flow | -353.54M | -257.93M | -512.46M | -72.85M | -528.93M | -230.48M |
| Long-Term Debt Issued | 83.00M | 136.00M | 750.00M | 42.00M | ||
| Total Debt Issued | 53.00M | 83.00M | 136.00M | 750.00M | 42.00M | |
| Long-Term Debt Repaid | -41.91M | -52.96M | -428.75M | -300.00K | ||
| Total Debt Repaid | -41.91M | -52.96M | -428.75M | -300.00K | ||
| Net Debt Issued (Repaid) | 53.00M | 41.09M | 83.04M | 321.25M | 42.00M | -300.00K |
| Issuance of Common Stock | 830.25M | |||||
| Repurchase of Common Stock | -4.03M | -16.51M | -54.71M | -82.68M | -85.09M | -1.96M |
| Common Dividends Paid | -54.34M | -54.24M | -54.67M | -55.63M | -57.19M | -55.75M |
| Other Financing Activities | 9.92M | 10.00M | -9.06M | -121.89M | -741.00K | -800.00K |
| Financing Cash Flow | 834.80M | -19.66M | -35.40M | 61.06M | -101.02M | -58.81M |
| Foreign Exchange Rate Adjustments | -3.84M | 17.97M | -8.27M | 7.98M | -17.62M | -13.57M |
| Net Cash Flow | 823.45M | -75.32M | -382.43M | 361.89M | -163.28M | 154.23M |
| Free Cash Flow | -6.96M | -88.98M | -146.38M | 36.29M | 158.98M | 238.73M |
| Free Cash Flow Margin | -0.21% | -2.90% | -4.98% | 1.07% | 4.55% | 7.37% |
| Free Cash Flow Per Share | -0.05 | -0.66 | -1.07 | 0.26 | 1.10 | 1.64 |
| Levered Free Cash Flow | -3.76M | -78.21M | -43.57M | 35.10M | 131.97M | 187.70M |
| Unlevered Free Cash Flow | 20.98M | -54.06M | -26.39M | 50.81M | 142.68M | 198.66M |
| Cash Interest Paid | 33.81M | 33.81M | 21.73M | 17.24M | 13.74M | 14.18M |
| Cash Income Tax Paid | 44.37M | 44.37M | 84.16M | 132.96M | 94.24M | 64.35M |
| Change in Working Capital | 26.17M | -22.84M | -68.12M | -161.86M | -142.11M | -83.41M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.10B | 1.96B | 2.30B | 3.32B | 3.06B | 3.17B |
| Enterprise Value | 3.90B | 2.56B | 2.60B | 3.09B | 2.72B | 2.82B |
| Last Close Price | 26.74 | 14.34 | 16.33 | 22.66 | 20.06 | 19.93 |
| PE Ratio | 128.87 | 10.24 | 7.13 | 10.63 | ||
| Forward PE | 19.30 | 28.14 | 28.51 | 13.70 | 8.12 | 9.45 |
| PS Ratio | 1.24 | 0.64 | 0.78 | 0.97 | 0.87 | 0.98 |
| PB Ratio | 1.41 | 0.94 | 1.13 | 1.51 | 1.49 | 1.81 |
| P/TBV Ratio | 1.54 | 1.07 | 1.30 | 1.73 | 1.73 | 2.10 |
| P/FCF Ratio | 91.36 | 19.22 | 13.27 | |||
| P/OCF Ratio | 11.85 | 10.66 | 13.25 | 9.07 | 6.31 | 6.93 |
| PEG Ratio | 1.93 | 0.68 | 0.37 | 0.37 | 0.37 | 0.42 |
| EV/Sales Ratio | 1.17 | 0.83 | 0.89 | 0.91 | 0.78 | 0.87 |
| EV/EBITDA Ratio | 13.46 | 9.76 | 8.24 | 4.67 | 3.51 | 4.54 |
| EV/EBIT Ratio | 64.74 | 67.79 | 24.79 | 6.48 | 4.45 | 6.21 |
| EV/FCF Ratio | 85.21 | 17.10 | 11.83 | |||
| Debt / Equity Ratio | 0.38 | 0.51 | 0.51 | 0.43 | 0.31 | 0.33 |
| Debt / EBITDA Ratio | 3.42 | 3.65 | 2.96 | 1.37 | 0.79 | 0.89 |
| Debt / FCF Ratio | 26.11 | 3.99 | 2.43 | |||
| Net Debt / Equity Ratio | -0.07 | 0.27 | 0.21 | -0.03 | -0.14 | -0.20 |
| Net Debt / EBITDA Ratio | -0.71 | 2.12 | 1.33 | -0.09 | -0.36 | -0.55 |
| Net Debt / FCF Ratio | 29.52 | -6.27 | -2.86 | -1.68 | -1.77 | -1.43 |
| Asset Turnover | 0.71 | 0.74 | 0.70 | 0.84 | 0.94 | 0.97 |
| Inventory Turnover | 3.40 | 3.42 | 3.46 | 3.83 | 4.21 | 4.78 |
| Quick Ratio | 1.12 | 1.25 | 1.42 | 2.07 | 1.83 | 1.90 |
| Current Ratio | 1.80 | 2.62 | 2.70 | 3.32 | 2.92 | 2.90 |
| Return on Equity (ROE) | 1.13% | -0.44% | -1.41% | 15.32% | 22.68% | 17.98% |
| Return on Assets (ROA) | 0.80% | 0.57% | 1.57% | 7.36% | 10.32% | 8.48% |
| Return on Invested Capital (ROIC) | 0.87% | -0.52% | 4.57% | 17.01% | 27.96% | 23.09% |
| Return on Capital Employed (ROCE) | 1.70% | 1.10% | 3.10% | 13.50% | 19.50% | 16.00% |
| Earnings Yield | 0.78% | -0.46% | -1.35% | 9.77% | 14.03% | 9.41% |
| FCF Yield | -0.17% | -4.53% | -6.36% | 1.09% | 5.20% | 7.54% |
| Dividend Yield | 1.50% | 2.76% | 2.36% | 1.66% | 1.84% | 1.76% |
| Payout Ratio | 192.78% | 17.18% | 13.34% | 18.71% | ||
| Buyback Yield / Dilution | -2.30% | 0.90% | 2.34% | 2.55% | 1.09% | -0.18% |
| Total Shareholder Return | -0.80% | 3.66% | 4.70% | 4.21% | 2.93% | 1.58% |