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Maker of discrete semiconductors and passive electronic components — resistors, capacitors, diodes — for nearly every industry.
Maker of discrete semiconductors and passive electronic components — resistors, capacitors, diodes — for nearly every industry.
Sells a very wide range of small parts through electronics distributors and directly to equipment makers, with prices that move with the electronics cycle and with distributors' stock levels. Automotive and industrial buyers matter more as cars and factories use more electronics. Owning many of its own plants means volume swings hit profit hard.
Moat: narrow (scale, distribution, installed base). Broad catalog and global distribution give scale advantages in a fragmented, commodity-like component market.
Headquarters: Malvern, Pennsylvania, US · Founded: 1962 · Employees: 22,600
Size Vishay Intertechnology (VSH) is a United States Information Technology company (Electronic Production Equipment) with a market value of $3.57B, the 1417th largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.28 on 6 Nov 2026.
Performance Over six months the shares fell 32.0%, against -14.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 17.6% over the last twelve months (peer median +23.2%); the operating margin is 5.2% (peer median 8.6%).
Valuation It trades at 13.2× forward earnings against a peer median of 26.0× (3rd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +15 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.2 points below its cost of capital (12.7% WACC).
Credit Vishay Intertechnology has 1 bond outstanding ($750M), rated BB by the agencies.
Short interest Short interest is 12.4% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.51B | $3.07B | $2.94B | $3.40B | $3.50B |
| Revenue growth | — | +4% | -14% | -3% | — |
| Gross profit | $790M | $595M | $626M | $974M | $1.06B |
| EBITDA | $414M | $282M | $323M | $671M | $786M |
| Net income | $95.2M | -$8.98M | -$31.1M | $324M | $429M |
| Free cash flow | $116M | -$89.0M | -$146M | $36.3M | $159M |
| Capital expenditure | $348M | $273M | $320M | $329M | $325M |
| Total debt | $856M | $1.07B | $1.03B | $948M | $635M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Vishay Intertechnology VSH | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% |
| Littelfuse LFUS | $9.04B | -22% | +19% | 18% | 16.3× | 15.3% |
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VSH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.6% | -17.9% | 4th lowest of 21 |
| 6-month return | -32.0% | -14.6% | 6th lowest of 21 |
| Distance from 52-week high | -66.5% | -46.5% | 4th lowest of 21 |
| Revenue growth (TTM) | +17.6% | +23.2% | 7th lowest of 21 |
| Operating margin | 5.2% | 8.6% | 8th lowest of 21 |
| Forward P/E | 13.2× | 26.0× | 3rd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 18.8% | 14.6% | 5th most demanding of 11 |
| Growth delivered (Del g) | +4.2% | +14.8% | 3rd lowest of 11 |
| Hurdle (Req g minus delivered) | +14.7 pp | -0.9 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | -7.2 pp | -0.2 pp | 5th lowest of 21 |
| EV / EBITDA | 7.9× | 18.8× | cheapest of 6 |
| Net debt / EBITDA | -0.7× | -0.1× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vishay Intertechnology VSH | United States | $3.57B | -32% | +18% | 5% | 13.2× | 18.8% | +4.2% |
| Changsha Jingjia Microelectronics 300474.SZ | China | $3.59B | -30% | +50% | -77% | n/a | n/a | n/a |
| Fositek 6805.TW | Taiwan | $3.50B | -15% | +46% | 27% | 20.0× | 14.7% | +41.1% |
| Jones Tech 300684.SZ | China | $3.83B | +20% | +15% | 20% | 45.3× | 42.9% | +9.8% |
| Olympic Circuit Technology 603920.SS | China | $3.29B | -42% | +21% | 6% | 30.1× | n/a | n/a |
| Universal Display OLED | United States | $3.98B | -4% | -2% | 35% | 19.6× | 14.3% | +8.7% |
| Guangdong Create Century Intelligent Equipment 300083.SZ | China | $3.13B | +7% | +35% | 11% | 24.4× | n/a | n/a |
| OFILM 002456.SZ | China | $3.10B | -35% | -17% | -1% | n/a | 27.0% | -14.4% |
| OPT Machine Vision Tech 688686.SS | China | $2.96B | +48% | +38% | 12% | 75.4× | n/a | n/a |
| Exosens EXENS.PA | France | $2.95B | -11% | +15% | 17% | 27.5× | 24.3% | +25.6% |
| JoulWatt Technology 688141.SS | China | $4.44B | -30% | +50% | -28% | n/a | n/a | n/a |
| Shenzhen Sunlord Electronics 002138.SZ | China | $4.55B | +11% | +20% | 16% | 24.4× | 14.5% | +14.2% |
| LG Innotek 011070.KS | South Korea | $4.62B | -54% | +20% | 4% | 9.6× | -0.3% | +18.1% |
| MDA Space MDA.TO | Canada | $4.65B | -14% | +38% | 5% | 28.1× | n/a | n/a |
| Zhejiang Jiemei Electronic & Technology 002859.SZ | China | $2.71B | -21% | +26% | 13% | 47.3× | n/a | n/a |
| Quectel Wireless Solutions 603236.SS | China | $4.71B | +50% | +30% | 5% | 21.1× | n/a | n/a |
| Lagercrantz LAGR-B.ST | Sweden | $4.72B | -6% | +17% | 15% | 30.8× | 20.6% | +21.0% |
| Marketech International 6196.TW | Taiwan | $2.68B | +8% | +44% | 7% | 13.0× | 6.3% | +15.5% |
| Forehope Electronic (Ningbo) 688362.SS | China | $2.67B | -19% | +19% | 0% | 86.7× | n/a | n/a |
| LG Display 034220.KS | South Korea | $2.61B | -42% | -7% | 2% | n/a | -13.4% | +1.2% |
| AXT AXTI | United States | $2.55B | -67% | +89% | 20% | 16.2× | n/a | n/a |
Vishay Intertechnology has 1 bond outstanding with $750M face value. The agencies rate it BB.