C

Vishay Precision Group, Inc. — Earnings Quality Grade C

VPG · Technology

Some red flags

Revenue
$307M
2025
Net Income
$5M
2025
Gross Margin
38.9%
Free Cash Flow
$6M
01

Screening Summary

15
Passed
1
Watch
1
Failed
-2.43
M-Score

Management Signals

No recent CEO, CFO, board, or accounting leadership signals found in SEC 8-K filings.
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 67 days, change +6 days YoY

A2AR vs Revenue Growth

AR outpaced revenue for 2 consecutive years

A3Revenue vs CFFO

Revenue 0.2%, CFFO -27.4%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

Inventory -1.6% vs COGS 3.7%. Normal

B2CapEx vs Revenue

CapEx growth -12.4% vs revenue 0.2%. Normal

!
B3SG&A Ratio

SG&A/Gross Profit = 91.9%, exceeds 70%

B4Gross Margin

Gross margin 38.9%, change -2.1pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.72. Profits backed by cash

C2Free Cash Flow

FCF $0.0B, FCF/NI = 1.20

C3Accruals Ratio

Accruals ratio = -2.0%. Low accruals

C4Cash vs Debt

Cash $0.1B covers debt $0.0B

04

Balance Sheet Health

D1Goodwill + Intangibles

Goodwill+Intangibles $0.1B = 25% of equity. Manageable

D2Leverage

Debt/EBITDA = 1.7x. Healthy

D3Soft Asset Growth

Other assets 13.1% vs revenue 0.2%. Normal

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

Goodwill+Intangibles change -3% YoY. Normal

06

Manipulation Score

F1Beneish M-Score

M-Score = -2.43 (< -2.22). Unlikely manipulator

Portfolio monitoring

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04

Beneish M-Score

Manipulation Probability-2.43
-4.0 Clean-2.22 Grey-1.78 Danger0
1.098
DSRI
AR growing faster than revenue?
1.053
GMI
Gross margin declining?
0.987
AQI
Asset quality deteriorating?
1.002
SGI
Revenue growth rate
0.953
DEPI
Depreciation slowing?
1.018
SGAI
SG&A ratio changing?
-0.0199
TATA
Accruals level
0.888
LVGI
Leverage increasing?
05

Altman Z-Score

7.28
Safe Zone
0 Distress1.102.605.0+ Safe
0.4205
Liquidity
0.4327
Cumulative profit
0.0235
Operating efficiency
2.811
Leverage

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25