Forensic Analysis · Communications Equipment & Electronic Components · as of Nov 8, 2026
Vishay Intertechnology Inc (VSH)
A forensic read on Vishay Intertechnology Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Safe
Financial health
3.6
Distress distance
Clean
Earnings quality
3
Forensic signals
-0.4%
ROE
4.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Vishay Intertechnology Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 3.6, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
1.3%
FY2025
Return on invested capital.Return on invested capital is 1.3% in the latest fiscal year and slipping across FY2023–FY2025 from 13.1%. After-tax operating profit was $339M in FY2023 and $37M in FY2025, with operating income at 14.3% of revenue in FY2023, 0.2% in FY2024 and 1.9% in FY2025. The capital base behind it grew +13% across FY2023–FY2025, from $2.6B to $2.9B, while the return fell 11.8 points, so the dollars added over that window earned less than the 13.1% the older base was already earning. $464M of the $2.9B base at FY2025 is construction in progress (16.0%) — paid for, not yet in service, and so in the denominator of this return while it cannot be in the profit above it. FY2024's operating profit carried a $66M goodwill write-off and a $41M restructuring charge that alone took about 3.1 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.
FCF ($89M)
FY2025
Shareholder returns.Returned $13M to shareholders (buybacks + dividends) in FY2025, but free cash flow was ($89M) after capex — there was no free cash flow to fund the payout from at all, though operating cash flow alone was $184M — 7% of that. Capex and the payout together ran $102M past operating cash flow — a harder case than returns merely running ahead of free cash flow, since here there was none to run ahead of. The balance sheet covered it: cash fell $75M and total debt rose $46M over FY2025.
$66M
FY2024
Goodwill impairments.Took $66M of goodwill writedowns across 1 year (FY2024 ($66M)). Writedowns mean past acquisitions underperformed what was paid for them.
Key fundamentals
Latest Revenue$3.07B
Revenue Growth YoY+4.5%
Revenue CAGR (2yr)-5.0%
Net Margin-0.3%
Free Cash Flow-$89.0M
Return on Equity-0.4%
Debt / Equity0.46x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Vishay Intertechnology Inc's actual 10-K/10-Q/8-K filings?