VAT Group AG/ADR (VTTGF)
VAT Group AG engages in the development, manufacture, and supply of vacuum valves. It operates through the Valves and Global Service segments. The Valves segment develops, manufactures, and supplies vacuum valves for the semiconductor, displays, photovoltaics, and vacuum coating industries. The Global Service segment provides local expert support to customers and offers genuine spare parts, repairs, and upgrades. The company was founded by Siegfried Schertler in 1965 and is headquartered in Haag, Switzerland.
Industry: Industrial - Machinery
VAT Group AG
OTC:VTTGFIndustrials · Industrial - Machinery
Mkt Cap-
Float26.91M
O/S-
Inst Own-
SI0.5%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.3B
Net Income$259.52M
Total Assets$1.54B
Free Cash Flow$286.62M
Debt & Equity
Debt 24%
Equity 76%
Total Debt$300.67M
Total Equity$960.54M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VTTGF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.54B
Liabilities$581.53M
Accounts Receivable$155.75M
Accounts Payable$38.74M
Inventory$230.12M
PP&E (Net)$405.66M
Goodwill$222.73M
Intangible Assets$306.63M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Revenue | $1.3B | $1.14B | $1.07B | $1.39B | $1.09B | $838.13M | $690.4M | $845.04M | $838.12M | $614.78M | $497.44M |
| YoY Growth | 14.0% | 6.4% | -22.7% | 27.1% | 30.1% | 21.4% | -18.3% | 0.8% | 36.3% | 23.6% | - |
| Cost of Revenue | $839.01M | $372.88M | $433.23M | $489.74M | $388.47M | $300.72M | $262.26M | $332.48M | $313.47M | $227.89M | $179.92M |
| Gross Profit | $461.03M | $767.59M | $638.39M | $896.78M | $702.32M | $537.41M | $428.14M | $512.56M | $524.65M | $386.88M | $317.51M |
| Gross Margin | 35.5% | 67.3% | 59.6% | 64.7% | 64.4% | 64.1% | 62.0% | 60.7% | 62.6% | 62.9% | 63.8% |
| Research and Development | $90.58M | $1.8M | $65.61M | $61.37M | $54.59M | $50.23M | $1.89M | $2.46M | $4.57M | $40.07M | $34.5M |
| Selling, General, and Administrative | $61.8M | $51.4M | $260.19M | $59.01M | $39.02M | $26.63M | $27.11M | $32.33M | $29.31M | $28.03M | $21.83M |
| Other | -$12.02M | $409.11M | $360.08M | $341.32M | $289.63M | $187.52M | $261.1M | $1.97M | $1.67M | $1.77M | $734K |
| Total Operating Expenses | $140.36M | $462.31M | $325.8M | $461.7M | $383.24M | $264.38M | $290.1M | $300.2M | $312.54M | $243.99M | $210.37M |
| Operating Income (EBIT) | $320.67M | $305.28M | $312.59M | $515.17M | $366.04M | $237.42M | $130.41M | $207.89M | $216.36M | $143.15M | $108.22M |
| Operating Margin | 24.7% | 26.8% | 29.2% | 37.2% | 33.6% | 28.3% | 18.9% | 24.6% | 25.8% | 23.3% | 21.8% |
| Interest Expense | $5.65M | $6.99M | $6.42M | $4.33M | $4.26M | $4.94M | $8.15M | $8.03M | $8.01M | $38.89M | $25.8M |
| Interest Income | $1.02M | $1.55M | $1.58M | $534K | $177K | $149K | $126K | $476K | $581K | $713K | $825K |
| Other Income (Expense) | -$9.06M | $466K | -$61.93M | -$83.72M | -$54.07M | -$50.74M | -$10.57M | -$15.97M | -$53.34M | -$36.78M | -$83.34M |
| Income Before Tax (EBT) | $311.61M | $305.74M | $250.66M | $431.46M | $311.97M | $186.68M | $119.84M | $201.53M | $163.02M | $106.38M | $24.88M |
| Income Tax Expense | $52.12M | $49.37M | $20.3M | $60.12M | $48.77M | $31.81M | $29.27M | $37.29M | $23M | $25M | $16.34M |
| Net Income | $259.52M | $256.37M | $230.36M | $371.33M | $263.2M | $154.86M | $90.57M | $164.24M | $140.02M | $81.38M | $8.55M |
| Net Income Margin | 20.0% | 22.5% | 21.5% | 26.8% | 24.1% | 18.5% | 13.1% | 19.4% | 16.7% | 13.2% | 1.7% |
| Supplementary Data | |||||||||||
| EPS | 7.15 | 7.06 | 6.34 | 10.23 | 7.25 | 4.27 | 2.50 | 4.53 | 3.86 | 2.43 | 0.34 |
| Diluted EPS | 7.15 | 7.06 | 6.34 | 10.22 | 7.24 | 4.26 | 2.49 | 4.52 | 3.86 | 2.42 | 0.34 |
| Weighted Average OS | 29.97M | 30.00M | 30.00M | 29.99M | 29.99M | 29.99M | 29.99M | 29.98M | 29.96M | 27.71M | 20.90M |
| EBITDA | $379.73M | $365.37M | $308.32M | $485.38M | $368.35M | $240.89M | $181.54M | $250.73M | $206.86M | $179.71M | $122.99M |
| EBITDA Margin | 29.2% | 32.0% | 28.8% | 35.0% | 33.8% | 28.7% | 26.3% | 29.7% | 24.7% | 29.2% | 24.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Assets | |||||||||||
| Current Assets | |||||||||||
| Cash and Cash Equivalents | $170.68M | $191.39M | $174.43M | $211.06M | $153.91M | $166.88M | $132.93M | $95.34M | $86.81M | $75.46M | $96.71M |
| Short-Term Investments | $52K | $40K | $45K | $44K | $40K | $38K | $3.85M | $41K | $44K | $36K | $33K |
| Cash and Short-Term Investments | $170.73M | $191.43M | $174.48M | $211.1M | $153.95M | $166.92M | $136.79M | $95.38M | $86.86M | $75.5M | $96.75M |
| Accounts Receivable | $155.75M | $177.52M | $119.35M | $183.58M | $140.56M | $108.9M | $117.91M | $101.39M | $131.55M | $117.21M | $90.62M |
| Inventory | $230.12M | $299.7M | $228.11M | $277.49M | $184.91M | $126.79M | $101.96M | $126.08M | $134.05M | $68.49M | $70.16M |
| Other Current Assets | $12.29M | $6.04M | $36.45M | $30.14M | $16.42M | $14.49M | $645K | $14.16M | $20.71M | $3.63M | $1.31M |
| Total Current Assets | $576.1M | $674.7M | $563.69M | $713.96M | $500.74M | $419.02M | $362.9M | $340.67M | $374.93M | $265.54M | $260.88M |
| Long-Term Assets | |||||||||||
| Property, Plant & Equipment Net | $405.66M | $330.67M | $284.24M | $247.31M | $191.9M | $177.29M | $196.24M | $206.41M | $178.84M | $140.56M | $139.2M |
| Goodwill | $222.73M | $222.63M | $222.63M | $222.63M | $222.63M | $222.38M | $222.38M | $222.38M | $222.38M | $222.38M | $222.38M |
| Intangible Assets | $306.63M | $320.08M | $305.42M | $346.95M | $361.7M | $381.14M | $381.1M | $389.63M | $403.67M | $419.76M | $436.91M |
| Long-Term Investments | $9.7M | $8.78M | $1.08M | $1.06M | $5.51M | $0 | -$2.85M | $4.67M | $9.69M | $14.8M | $25K |
| Deferred Tax Assets | $21.25M | $11.16M | $6.02M | $7.7M | $6.47M | $7.18M | $8.34M | $8.17M | $10.18M | $6.29M | $4.53M |
| Other Long-Term Assets | $0 | $7.98M | $36.64M | $3.43M | $0 | $5.38M | $9.24M | $0 | $0 | -$1K | $17.56M |
| Total Long-Term Assets | $965.96M | $892.5M | $856.02M | $829.08M | $788.21M | $793.37M | $814.46M | $831.26M | $824.77M | $803.79M | $820.6M |
| Other Assets | $0 | $0 | -$5.38M | $0 | $0 | $1K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.54B | $1.57B | $1.41B | $1.54B | $1.29B | $1.21B | $1.18B | $1.17B | $1.2B | $1.07B | $1.08B |
| Liabilities | |||||||||||
| Current Liabilities | |||||||||||
| Accounts Payable | $38.74M | $87.68M | $61.14M | $101.67M | $60.89M | $39.25M | $60.43M | $37.42M | $97.16M | $49.48M | $26.13M |
| Short-Term Debt | $246.59M | $2.95M | $240.69M | $245.71M | $2.55M | $70.72M | $60.79M | $33.42M | $67.5M | $44.19M | $1.77M |
| Current Income Tax Payable | $0 | $42.98M | $24.95M | $62.29M | $44.18M | $33.46M | $26.15M | $35.01M | $36.95M | $24.68M | $19.95M |
| Current Unearned Revenue | $34.43M | $0 | $0 | $172.63M | $129.08M | $89.14M | $67.28M | $74.19M | $73.84M | $61.82M | $45.35M |
| Other Current Liabilities | $37.01M | $140.7M | $110.76M | -$63.43M | -$65.67M | $547K | -$23.09M | $41.45M | $39.45M | $35.63M | $31.23M |
| Total Current Liabilities | $438.4M | $274.32M | $415.26M | $522.88M | $192.97M | $203.4M | $189.81M | $147.16M | $240.19M | $158.04M | $75.5M |
| Long-Term Liabilities | |||||||||||
| Long-Term Debt | $54.08M | $274.64M | $160K | $97K | $241.74M | $242M | $246.77M | $240.97M | $193.67M | $193.67M | $856.7M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $3.31M | $16.7M | $0 | $51.14M | $48.16M | $33.43M | $35.62M | $25.95M |
| Long-Term Deferred Tax Liabilities | $58.85M | $0 | $52.64M | $0 | $0 | $0 | $55.6M | $51.84M | $55.49M | $61.97M | $61.52M |
| Other Long-Term Liabilities | $30.19M | $90.65M | $75.02M | $62.42M | $63.47M | $86.7M | $0 | $52.74M | $56.99M | $63.89M | $63.8M |
| Total Long-Term Liabilities | $143.13M | $380.36M | $87.96M | $75.64M | $328.11M | $334.61M | $353.97M | $341.87M | $284.08M | $293.18M | $946.45M |
| Other Liabilities | $0 | $0 | -$5.38M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $581.53M | $654.68M | $497.84M | $598.52M | $521.09M | $540.17M | $543.77M | $489.03M | $524.27M | $451.22M | $1.02B |
| Stockholders' Equity | |||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $3.63M | $36K |
| Retained Earnings | $985.53M | $940.23M | $929.83M | $945.43M | $756.26M | $558.52M | $461.39M | $398.55M | $233.69M | $96.77M | $11.79M |
| Comprehensive Income & Other | -$13.65M | -$19.82M | -$9.16M | $1.48M | $5.58M | $7.99M | $7.11M | -$25.78M | -$13.42M | -$73.94M | -$58.23M |
| Other Stockholders' Equity | -$28.62M | -$31.34M | -$16.97M | -$4.54M | $7.97M | $97.02M | $168.56M | $280.7M | $438.11M | $517.71M | $47.72M |
| Total Equity | $960.54M | $912.51M | $916.49M | $944.52M | $767.86M | $659.17M | $633.58M | $682.89M | $675.43M | $618.1M | $59.54M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.54B | $1.57B | $1.41B | $1.54B | $1.29B | $1.2B | $1.18B | $1.17B | $1.2B | $1.07B | $1.08B |
| Supplementary Data | |||||||||||
| Total Debt | $300.67M | $292.66M | $250.93M | $255.62M | $250.49M | $322.38M | $307.56M | $274.39M | $261.17M | $237.86M | $858.47M |
| Net Debt | $129.99M | -$191.39M | $76.5M | $44.56M | $96.58M | $155.5M | $174.62M | $179.05M | $174.35M | $162.39M | $761.75M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 |
| Operating Activities | |||||||||||
| Net Income | $259.5M | $256.37M | $230.36M | $371.33M | $263.2M | $161.55M | $90.57M | $164.24M | $140.02M | $81.38M | $8.55M |
| Depreciation & Amortization | $59.06M | $52.64M | $51.23M | $49.59M | $52.12M | $49.26M | $56.01M | $43.04M | $37.64M | $37.87M | $36.59M |
| Deferred Income Tax | -$3.1M | $0 | $0 | -$3.97M | $2.22M | -$1.12M | -$948K | $694K | -$11.93M | $1.65M | $0 |
| Stock-Based Compensation | $0 | $0 | $2.78M | $2.64M | $2.37M | $689K | $948K | $853K | $3.51M | $5.57M | $0 |
| Changes in Working Capital: | |||||||||||
| Accounts Receivable | $3.65M | -$35.79M | $51.85M | -$53.05M | -$37.7M | -$721K | -$10.17M | $39.29M | -$29.09M | -$23.02M | -$4.08M |
| Inventory | $58.64M | -$60.36M | $31.3M | -$98.09M | -$57.83M | -$28.49M | $22.1M | $7.62M | -$64.39M | $1.74M | -$959K |
| Accounts Payable | -$43.17M | $37.91M | -$59.99M | $66.07M | $40.44M | -$19.78M | $26.33M | -$57.13M | $49.74M | $24.36M | $0 |
| Other Working Capital | -$11.34M | $57.61M | $2.07M | -$7.79M | $7.43M | $22.07M | $120K | -$18.11M | $23.92M | $10.07M | $16.14M |
| Total Working Capital Change | $7.77M | -$38.54M | $25.22M | -$92.86M | -$47.66M | -$26.92M | $38.38M | -$10.49M | -$40.48M | $11.81M | $15.18M |
| Other Non-Cash Items | $33.89M | $20.81M | $770K | $29.09M | $18.01M | $25.72M | $5.97M | $9.51M | $59.58M | $38.88M | $81.87M |
| Net Cash from Operating | $357.11M | $291.28M | $310.36M | $355.83M | $290.25M | $209.17M | $190.93M | $207.84M | $188.33M | $177.15M | $142.18M |
| Investing Activities | |||||||||||
| Capital Expenditures | -$82.72M | -$56.46M | -$72.95M | -$80.18M | -$52.01M | -$31.4M | -$21.96M | -$58.34M | -$57.59M | -$23.2M | -$15.66M |
| Acquisitions | $34K | $0 | $0 | $21K | -$1.92M | $82K | $225K | $278K | $174K | $806K | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$1.64M | -$13.01M | -$8.93M | $514K | $554K | $131K | $120K | $427K | -$4.07M | -$2.93M | -$2.33M |
| Net Cash from Investing | -$84.33M | -$69.47M | -$81.88M | -$79.64M | -$53.37M | -$31.19M | -$21.61M | -$57.91M | -$57.06M | -$22.12M | -$14.34M |
| Financing Activities | |||||||||||
| Debt Repaid | - | -$36.31M | $3.8M | $3.83M | $72.63M | -$10.01M | -$24.21M | -$11.21M | -$30.45M | $147.76M | $100.08M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $121K | $0 |
| Common Stock Repurchases | -$6.56M | -$8.5M | -$6.95M | -$5.4M | -$5.26M | -$67K | $0 | $0 | $0 | -$5.99M | $0 |
| Dividends Paid | -$226.9M | -$226.85M | -$226.88M | -$199.67M | -$163.39M | -$145.2M | -$145.18M | -$145.17M | -$145.16M | $0 | $0 |
| Other Financing Activities | -$4.81M | -$9.76M | -$11.22M | -$5.64M | -$5.99M | -$6.27M | -$9.86M | -$6.94M | -$5.78M | -$23.22M | -$19.52M |
| Net Cash from Financing | -$274.6M | -$208.8M | -$248.84M | -$214.53M | -$250.2M | -$141.53M | -$130.83M | -$140.9M | -$120.49M | -$176.97M | -$119.6M |
| Forex Effect | $5.35M | $3.95M | -$16.26M | -$4.5M | $353K | -$2.5M | -$1.25M | -$506K | $568K | $196K | -$1.17M |
| Net Change in Cash | $3.53M | $16.96M | -$36.62M | $57.15M | -$12.97M | $33.95M | $37.23M | $8.52M | $11.35M | -$21.74M | $7.07M |
| Supplementary Data | |||||||||||
| Operating Cash Flow | $357.11M | $291.28M | $310.36M | $355.83M | $290.25M | $209.17M | $190.93M | $207.84M | $188.33M | $177.15M | $142.18M |
| Capital Expenditure | -$70.49M | -$67.38M | -$83.81M | -$80.18M | -$52.01M | -$31.4M | -$21.96M | -$58.34M | -$57.59M | -$23.2M | -$15.66M |
| Free Cash Flow | $286.62M | $223.9M | $226.56M | $275.65M | $238.24M | $177.77M | $168.97M | $149.5M | $130.74M | $153.96M | $126.52M |
| Cash at Beginning | $167.15M | $174.43M | $211.06M | $153.91M | $166.88M | $132.93M | $95.7M | $87.18M | $75.82M | $97.56M | $90.49M |
| Cash at End | $170.68M | $191.39M | $174.43M | $211.06M | $153.91M | $166.88M | $132.93M | $95.7M | $87.18M | $75.82M | $97.56M |