Vishay Precision Group, Inc.
Vishay Precision Group, Inc. is a U.S.-based industrial technology company focused on precision measurement and sensing products. Its portfolio includes foil resistors, strain gages, load cells, weighing solutions, and specialized measurement systems sold to customers across industrial, test and measurement, steel, and other technical markets worldwide.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueFoil resistors and strain gages used as precision sensing components in technical applications.
Load cells, modules, and systems that measure weight, force, torque, and pressure.
Specialized systems for steel production, materials development, and safety testing.
Other engineered sensing and measurement products sold into industrial and test markets.
Products
Reported · share of revenue- Other Markets20.5 %
- Test Measurement18.7 %
- Transportation17.1 %
- Steel16.0 %
- Industrial Weighing12.3 %
- Other15.5 %
Source: 10-K FY2024, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
VPG sells to a diversified base of industrial and technical customers that integrate its components into their own equipment and systems. Buyers include manufacturers and operators in test and measurement, steel, medical, construction, agricultural, consumer, waste management, bulk hauling, logging, scales manufacturing, engineering systems, pharmaceutical, oil, chemical, paper, and food industries.
Buy foil resistors, strain gages, and sensing components designed into their equipment.
Buy precision resistors and measurement products for calibration, testing, and instrumentation.
Buy measurement systems used in steel production and related process control applications.
Buy load cells, modules, and weighing systems for industrial and transportation uses.
Buy products used in waste management, bulk hauling, logging, food, chemical, and paper applications.
Strategy
VPG’s strategy centers on precision measurement niches where its technical know-how, application support, and product quality create customer stickiness. The company is also focused on expanding higher-volume opportunities, broadening its acquisition scope, and using its global manufacturing base to improve efficiency and customer reach.
Broader addressable markets can reduce dependence on narrow niches and support growth.
Engineering support and product qualification help embed products into customer designs.
Production transfers and automation can improve efficiency and cost competitiveness.
Acquisitions add technology, market access, and product breadth in adjacent categories.
Geography
Q2/2026VPG operates a global manufacturing, sales, and distribution network spanning North America, Europe, and Asia. Its footprint includes facilities in the United States, Canada, China, France, Germany, India, Israel, Japan, Sweden, Taiwan, and the United Kingdom, which supports local production, customer proximity, and supply-chain flexibility.
Share of the revenue the company reports by geography.
Risks
VPG faces cyclical demand, customer forecast volatility, and intense competition in fragmented industrial markets. Its global manufacturing footprint also exposes it to tariffs, foreign exchange, labor shortages, and execution risk from plant transfers and restructuring, while goodwill and deferred tax assets add accounting and valuation sensitivity.
- Demand volatility and backlog unreliabilityImpact: HighLikelihood: Medium
Customers often order based on forecasts and may cancel or reschedule shipments.
Exposure - Tariffs and trade restrictionsImpact: HighLikelihood: Medium
Manufacturing and sourcing across multiple countries creates exposure to import/export duties.
Exposure - Intense competitionImpact: HighLikelihood: Medium
Markets are fragmented and include small local firms and larger international competitors.
Exposure - Labor shortagesImpact: MediumLikelihood: Medium
Qualified labor is needed to manufacture precision products and support operations.
Exposure: Global manufacturing footprint
- Foreign exchange volatilityImpact: MediumLikelihood: Medium
A large share of operations and costs are outside the U.S., creating translation and remeasurement effects.
Exposure: International subsidiaries
- Goodwill impairmentImpact: Medium
Reporting unit valuations depend on revenue, margin, and discount-rate assumptions.
Exposure
Accounting
Judgemental itemsThe company tests reporting units annually and uses income-based valuation assumptions.
Impact: Could create non-cash charges if fair value falls below carrying value
Many subsidiaries operate outside the U.S. and some use local currencies while others use USD functional currency.
Impact: Affects reported revenue, costs, and exchange gains/losses
Manufacturing transfers and facility consolidations can generate severance and exit costs.
Impact: Creates non-recurring charges and affects comparability
Realizability depends on jurisdiction-specific future earnings and tax planning.
Impact: Valuation allowance changes can materially affect tax expense
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Last updated: 24/09/2026