8-K Announcements
6Apr 21, 2026·SEC
Feb 19, 2026·SEC
Oct 21, 2025·SEC
Vicor Corporation (VICR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Vicor Corporation (VICR) stock price & volume — 10-year historical chart
Vicor Corporation (VICR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Vicor Corporation (VICR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $0.44vs $0.40+10.0% | $113Mvs $109M+3.3% |
| Q1 2026 | Feb 19, 2026 | $1.01vs $0.38+165.8% | $107Mvs $108M-0.5% |
| Q4 2025 | Oct 21, 2025 | $0.63vs $0.48+32.2% | $110Mvs $108M+2.5% |
| Q3 2025 | Jul 22, 2025 | $0.91vs $0.20+355.0% | $96Mvs $95M+0.7% |
Vicor Corporation (VICR) competitors in Power Conversion and Protection Electronics — business model, growth, and fundamentals comparison
Vicor Corporation (VICR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Vicor Corporation (VICR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 227.83M | 291.22M | 262.98M | 296.58M | 359.36M | 399.08M | 405.06M | 359.06M | 407.7M |
| Revenue Growth % | 13.76% | 27.82% | -9.7% | 12.78% | 21.17% | 11.05% | 1.5% | -11.36% | 13.55% |
| Cost of Goods Sold | 126.17M | 152.25M | 140.01M | 165.13M | 181.16M | 218.52M | 200.13M | 175.06M | 193.27M |
| COGS % of Revenue | 55.38% | 52.28% | 53.24% | 55.68% | 50.41% | 54.76% | 49.41% | 48.76% | 47.41% |
| Gross Profit | 101.66M▲ 0% | 138.97M▲ 36.7% | 122.97M▼ 11.5% | 131.45M▲ 6.9% | 178.2M▲ 35.6% | 180.56M▲ 1.3% | 204.93M▲ 13.5% | 184M▼ 10.2% | 214.43M▲ 16.5% |
| Gross Margin % | 44.62% | 47.72% | 46.76% | 44.32% | 49.59% | 45.24% | 50.59% | 51.24% | 52.59% |
| Gross Profit Growth % | 11.45% | 36.71% | -11.52% | 6.9% | 35.57% | 1.32% | 13.5% | -10.21% | 16.54% |
| Operating Expenses | 103.02M | 106.91M | 109.14M | 114.08M | 122.6M | 153.36M | 153.57M | 185.31M | 177.6M |
| OpEx % of Revenue | 45.22% | 36.71% | 41.5% | 38.47% | 34.12% | 38.43% | 37.91% | 51.61% | 43.56% |
| Selling, General & Admin | 58.09M | 62.22M | 62.56M | 63.16M | 69.48M | 86.26M | 85.71M | 96.89M | 99.03M |
| SG&A % of Revenue | 25.5% | 21.37% | 23.79% | 21.3% | 19.34% | 21.62% | 21.16% | 26.98% | 24.29% |
| Research & Development | 44.92M | 44.29M | 46.59M | 50.92M | 53.11M | 60.59M | 67.86M | 68.92M | 78.57M |
| R&D % of Revenue | 19.72% | 15.21% | 17.72% | 17.17% | 14.78% | 15.18% | 16.75% | 19.2% | 19.27% |
| Other Operating Expenses | 0 | 402K | 0 | 0 | 0 | 6.5M | 0 | 19.5M | 0 |
| Operating Income | -1.36M▲ 0% | 32.06M▲ 2457.3% | 13.82M▼ 56.9% | 17.37M▲ 25.7% | 55.6M▲ 220.1% | 27.2M▼ 51.1% | 51.36M▲ 88.8% | -1.31M▼ 102.6% | 36.83M▲ 2911.3% |
| Operating Margin % | -0.6% | 11.01% | 5.26% | 5.86% | 15.47% | 6.82% | 12.68% | -0.36% | 9.03% |
| Operating Income Growth % | 78.46% | 2457.28% | -56.89% | 25.66% | 220.14% | -51.08% | 88.81% | -102.55% | 2911.3% |
| EBITDA | 7.53M | 41.31M | 24.16M | 28.42M | 67.31M | 40.98M | 68.6M | 17.32M | 57.61M |
| EBITDA Margin % | 3.31% | 14.19% | 9.19% | 9.58% | 18.73% | 10.27% | 16.94% | 4.82% | 14.13% |
| EBITDA Growth % | 254.66% | 448.43% | -41.53% | 17.67% | 136.8% | -39.12% | 67.41% | -74.76% | 232.72% |
| D&A (Non-Cash Add-back) | 8.89M | 9.25M | 10.33M | 11.06M | 11.71M | 13.78M | 17.24M | 18.63M | 20.79M |
| EBIT | -1.36M | 32.46M | 13.82M | 17.37M | 55.6M | 33.7M | 51.36M | 18.19M | 94.57M |
| Net Interest Income | 124K | 257K | 300K | 95K | 930K | 1.31M | 8.22M | 11.47M | 0 |
| Interest Income | 124K | 257K | 300K | 95K | 930K | 1.31M | 8.22M | 11.47M | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.26M | 874K | 1.07M | 1.09M | 1.2M | 1.49M | 8.89M | 11.8M | 57.74M |
| Pretax Income | -98K▲ 0% | 32.93M▲ 33705.1% | 14.89M▼ 54.8% | 18.46M▲ 24.0% | 56.8M▲ 207.7% | 28.69M▼ 49.5% | 60.24M▲ 110.0% | 10.49M▼ 82.6% | 94.57M▲ 801.8% |
| Pretax Margin % | -0.04% | 11.31% | 5.66% | 6.22% | 15.81% | 7.19% | 14.87% | 2.92% | 23.2% |
| Income Tax | -356K | 1.09M | 778K | 539K | 176K | 3.26M | 6.64M | 4.35M | -24.02M |
| Effective Tax Rate % | 363.27% | 3.3% | 5.23% | 2.92% | 0.31% | 11.37% | 11.03% | 41.46% | -25.4% |
| Net Income | 167K▲ 0% | 31.73M▲ 18897.0% | 14.1M▼ 55.6% | 17.91M▲ 27.0% | 56.63M▲ 216.2% | 25.45M▼ 55.1% | 53.59M▲ 110.6% | 6.13M▼ 88.6% | 118.56M▲ 1834.3% |
| Net Margin % | 0.07% | 10.89% | 5.36% | 6.04% | 15.76% | 6.38% | 13.23% | 1.71% | 29.08% |
| Net Income Growth % | 102.67% | 18897.01% | -55.56% | 27.04% | 216.16% | -55.06% | 110.62% | -88.56% | 1834.34% |
| Net Income (Continuing) | 258K | 31.85M | 14.11M | 17.92M | 56.63M | 25.43M | 53.6M | 6.14M | 118.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 305K | 434K | 308K | 335K | 306K | 248K | 237K | 220K | 259K |
| EPS (Diluted) | 0.00▲ 0% | 0.78▲ 18471.4% | 0.34▼ 56.4% | 0.41▲ 20.6% | 1.26▲ 207.3% | 0.57▼ 54.8% | 1.19▲ 108.8% | 0.14▼ 88.2% | 2.61▲ 1764.3% |
| EPS Growth % | 102.63% | - | -56.41% | 20.59% | 207.32% | -54.76% | 108.77% | -88.24% | 1764.29% |
| EPS (Basic) | 0.00 | 0.80 | 0.35 | 0.42 | 1.30 | 0.58 | 1.21 | 0.14 | 2.63 |
| Diluted Shares Outstanding | 39.93M | 40.73M | 41.68M | 43.87M | 44.97M | 44.89M | 45M | 45.17M | 44.93M |
| Basic Shares Outstanding | 39.93M | 40.67M | 41.46M | 43.68M | 44.94M | 44.64M | 45.04M | 44.91M | 44.73M |
| Dividend Payout Ratio | - | - | 0.99% | - | - | - | - | - | - |
Vicor Corporation (VICR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 118.83M | 165.06M | 179.07M | 316.93M | 356.76M | 362.6M | 420.37M | 463.03M | 587.36M |
| Cash & Short-Term Investments | 44.23M | 70.56M | 84.67M | 211.91M | 227.63M | 190.61M | 242.22M | 277.27M | 402.81M |
| Cash Only | 44.23M | 70.56M | 84.67M | 161.74M | 182.42M | 190.61M | 242.22M | 277.27M | 402.81M |
| Short-Term Investments | 0 | 0 | 0 | 50.17M | 45.22M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 34.49M | 43.67M | 38.12M | 41M | 55.1M | 65.43M | 52.63M | 52.95M | 60.72M |
| Days Sales Outstanding | 55.25 | 54.74 | 52.9 | 50.46 | 55.96 | 59.84 | 47.43 | 53.82 | 54.36 |
| Inventory | 36.5M | 47.37M | 49.19M | 57.27M | 67.32M | 101.41M | 106.58M | 106.03M | 91.34M |
| Days Inventory Outstanding | 105.59 | 113.56 | 128.23 | 126.59 | 135.64 | 169.39 | 194.38 | 221.08 | 172.5 |
| Other Current Assets | 3.62M | 3.46M | 7.1M | 6.76M | 6.71M | 5.15M | 18.94M | 26.78M | 32.5M |
| Total Non-Current Assets | 46.89M | 56.01M | 61.66M | 79.31M | 120.44M | 174.3M | 174.52M | 178.08M | 198.47M |
| Property, Plant & Equipment | 41.36M | 50.43M | 56.95M | 74.84M | 115.97M | 166.01M | 157.69M | 152.71M | 147.69M |
| Fixed Asset Turnover | 5.51x | 5.77x | 4.62x | 3.96x | 3.10x | 2.40x | 2.57x | 2.35x | 2.76x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 707K | 599K | 509K | 425K | 332K | 258K | 192K | 149K | 0 |
| Long-Term Investments | 2.52M | 2.53M | 2.51M | 2.52M | 2.64M | 2.62M | 2.53M | 2.64M | 0 |
| Other Non-Current Assets | 2.09M | 2.19M | 1.49M | 1.3M | 1.29M | 5.13M | 13.81M | 22.33M | 23.31M |
| Total Assets | 165.72M▲ 0% | 221.07M▲ 33.4% | 240.73M▲ 8.9% | 396.24M▲ 64.6% | 477.2M▲ 20.4% | 536.9M▲ 12.5% | 594.89M▲ 10.8% | 641.12M▲ 7.8% | 785.83M▲ 22.6% |
| Asset Turnover | 1.37x | 1.32x | 1.09x | 0.75x | 0.75x | 0.74x | 0.68x | 0.56x | 0.52x |
| Asset Growth % | 7.57% | 33.4% | 8.89% | 64.6% | 20.43% | 12.51% | 10.8% | 7.77% | 22.57% |
| Total Current Liabilities | 28.04M | 36M | 29.93M | 40.51M | 49.09M | 64.55M | 44.17M | 61.82M | 65.32M |
| Accounts Payable | 9.06M | 16.15M | 9.01M | 14.12M | 21.19M | 22.21M | 12.1M | 8.74M | 12.29M |
| Days Payables Outstanding | 26.22 | 38.72 | 23.48 | 31.21 | 42.69 | 37.09 | 22.07 | 18.22 | 23.21 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.57M |
| Deferred Revenue (Current) | 5.79M | 5.07M | 5.51M | 7.31M | 7.91M | 13.2M | 3.16M | 5.31M | 3.43M |
| Other Current Liabilities | 9.89M | 11.44M | 11.15M | 14.69M | 14.22M | 12.51M | 14.71M | 12.52M | 35.1M |
| Current Ratio | 4.24x | 4.59x | 5.98x | 7.82x | 7.27x | 5.62x | 9.52x | 7.49x | 8.99x |
| Quick Ratio | 2.94x | 3.27x | 4.34x | 6.41x | 5.90x | 4.05x | 7.10x | 5.77x | 7.59x |
| Cash Conversion Cycle | 134.61 | 129.59 | 157.65 | 145.83 | 148.91 | 192.14 | 219.74 | 256.68 | 203.65 |
| Total Non-Current Liabilities | 1.27M | 980K | 4.93M | 4.57M | 4.21M | 8.02M | 9.61M | 9.01M | 8.69M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.61M |
| Capital Lease Obligations | 0 | 102K | 2.85M | 2.97M | 3.23M | 7.01M | 6.36M | 5.62M | 5.61M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 966K | 646K | 1.02M | 870K | 569K | 862K | 2.23M | 3.39M | -2.52M |
| Total Liabilities | 29.3M | 36.98M | 34.86M | 45.08M | 53.3M | 72.56M | 53.78M | 70.83M | 74.02M |
| Total Debt | 0 | 0 | 4.38M | 4.6M | 4.78M | 8.46M | 8.23M | 7.34M | 12.78M |
| Net Debt | -44.23M | -70.56M | -80.29M | -157.15M | -177.64M | -182.15M | -233.99M | -269.94M | -390.02M |
| Debt / Equity | - | - | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.02x |
| Debt / EBITDA | - | - | 0.18x | 0.16x | 0.07x | 0.21x | 0.12x | 0.42x | 0.22x |
| Net Debt / EBITDA | -5.87x | -1.71x | -3.32x | -5.53x | -2.64x | -4.45x | -3.41x | -15.59x | -6.77x |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 136.42M▲ 0% | 184.09M▲ 34.9% | 205.87M▲ 11.8% | 351.15M▲ 70.6% | 423.9M▲ 20.7% | 464.34M▲ 9.5% | 541.11M▲ 16.5% | 570.29M▲ 5.4% | 711.82M▲ 24.8% |
| Equity Growth % | 4.12% | 34.94% | 11.83% | 70.57% | 20.72% | 9.54% | 16.53% | 5.39% | 24.82% |
| Book Value per Share | 3.42 | 4.52 | 4.94 | 8.00 | 9.43 | 10.34 | 12.02 | 12.63 | 15.84 |
| Total Shareholders' Equity | 136.11M | 183.66M | 205.56M | 350.82M | 423.6M | 464.09M | 540.87M | 570.07M | 711.56M |
| Common Stock | 519K | 520K | 523K | 551K | 557K | 559K | 563K | 570K | 462.81M |
| Retained Earnings | 93.61M | 129M | 143.1M | 161.01M | 217.63M | 243.08M | 296.67M | 302.8M | 421.36M |
| Treasury Stock | -138.93M | -138.93M | -138.93M | -138.93M | -138.93M | -138.93M | -138.93M | -139.42M | -170.94M |
| Accumulated OCI | -478K | -394K | -383K | -204K | -1.33M | -988K | -1.27M | -1.5M | -1.67M |
| Minority Interest | 305K | 434K | 308K | 335K | 306K | 248K | 237K | 220K | 259K |
Vicor Corporation (VICR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -2.46M | 36.17M | 22.21M | 34.74M | 54.88M | 22.94M | 74.53M | 50.84M | 139.55M |
| Operating CF Margin % | -1.08% | 12.42% | 8.45% | 11.71% | 15.27% | 5.75% | 18.4% | 14.16% | 34.23% |
| Operating CF Growth % | -552.94% | 1567.98% | -38.59% | 56.42% | 57.97% | -58.2% | 224.9% | -31.78% | 174.47% |
| Net Income | 258K | 31.85M | 14.11M | 17.92M | 56.63M | 25.43M | 53.6M | 6.14M | 118.56M |
| Depreciation & Amortization | 8.89M | 9.25M | 10.33M | 11.06M | 11.71M | 13.78M | 17.24M | 18.63M | 20.79M |
| Stock-Based Compensation | 1.74M | 0 | 3.04M | 5.88M | 0 | 10.26M | 12.87M | 15.3M | 16.79M |
| Deferred Taxes | -172K | -55K | 60K | -21K | 18K | -72K | -34K | 6K | -27.2M |
| Other Non-Cash Items | 74K | 10K | -148K | 19K | 6.96M | 7.56M | 43K | 19.5M | 996K |
| Working Capital Changes | -13.25M | -8.28M | -5.18M | -117K | -20.43M | -34.01M | -9.19M | -8.73M | 9.62M |
| Change in Receivables | -9.21M | -8.83M | 5.71M | -2.82M | -14.3M | -10.59M | 12.64M | -483K | -7.76M |
| Change in Inventory | -9.31M | -10.83M | -1.81M | -8.05M | -10.13M | -34.2M | -5.24M | 457K | 14.71M |
| Change in Payables | 3.19M | 7.45M | -7.34M | 8.67M | 2.5M | 4.4M | -11.15M | -1.84M | 0 |
| Cash from Investing | -12.53M | -18.24M | -12.48M | -78.82M | -43.66M | -18.97M | -33.45M | -23.6M | -20.32M |
| Capital Expenditures | -12.54M | -18.21M | -12.48M | -28.65M | -47.76M | -63.97M | -33.45M | -23.6M | -20.32M |
| CapEx % of Revenue | 5.51% | 6.25% | 4.75% | 9.66% | 13.29% | 16.03% | 8.26% | 6.57% | 4.98% |
| Acquisitions | 14K | 57K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 19K | -28K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 3.08M | 8.39M | 4.37M | 121.04M | 10.09M | 4.44M | 10.6M | 7.99M | 6.32M |
| Debt Issued (Net) | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | - | - | 0 | 109.68M | 10.24M | 0 | 0 | -497K | 6.32M |
| Dividends Paid | 0 | 0 | -139K | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -497K | -35.17M |
| Other Financing | -225K | -270K | 4.5M | 11.36M | -153K | 4.44M | 10.6M | 8.49M | 0 |
| Net Change in Cash | -11.94M▲ 0% | 26.33M▲ 320.5% | 14.11M▼ 46.4% | 77.07M▲ 446.2% | 20.68M▼ 73.2% | 8.19M▼ 60.4% | 51.61M▲ 529.9% | 35.05M▼ 32.1% | 125.53M▲ 258.1% |
| Free Cash Flow | -15.01M▲ 0% | 17.96M▲ 219.7% | 9.73M▼ 45.8% | 6.09M▼ 37.4% | 7.12M▲ 16.9% | -41.03M▼ 676.2% | 41.08M▲ 200.1% | 27.24M▼ 33.7% | 119.23M▲ 337.7% |
| FCF Margin % | -6.59% | 6.17% | 3.7% | 2.05% | 1.98% | -10.28% | 10.14% | 7.59% | 29.24% |
| FCF Growth % | -90.37% | 219.66% | -45.85% | -37.39% | 16.93% | -676.22% | 200.12% | -33.68% | 337.7% |
| FCF per Share | -0.38 | 0.44 | 0.23 | 0.14 | 0.16 | -0.91 | 0.91 | 0.60 | 2.65 |
| FCF Conversion (FCF/Net Income) | -14.75x | 1.14x | 1.58x | 1.94x | 0.97x | 0.90x | 1.39x | 8.30x | 1.18x |
| Interest Paid | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | - | - | 2.19M | 79K | 0 | 1.26M | 4.15M | 4.3M | 0 |
Vicor Corporation (VICR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -4.68% | 0.12% | 19.8% | 7.23% | 6.43% | 14.61% | 5.73% | 10.66% | 1.1% | 18.49% |
| Return on Invested Capital (ROIC) | -6.4% | -1.22% | 23.38% | 8.67% | 8.15% | 18.94% | 7.72% | 13.07% | -0.32% | 8.88% |
| Gross Margin | 45.54% | 44.62% | 47.72% | 46.76% | 44.32% | 49.59% | 45.24% | 50.59% | 51.24% | 52.59% |
| Net Margin | -3.12% | 0.07% | 10.89% | 5.36% | 6.04% | 15.76% | 6.38% | 13.23% | 1.71% | 29.08% |
| Debt / Equity | - | - | - | 0.02x | 0.01x | 0.01x | 0.02x | 0.02x | 0.01x | 0.02x |
| FCF Conversion | -0.09x | -14.75x | 1.14x | 1.58x | 1.94x | 0.97x | 0.90x | 1.39x | 8.30x | 1.18x |
| Revenue Growth | -9.04% | 13.76% | 27.82% | -9.7% | 12.78% | 21.17% | 11.05% | 1.5% | -11.36% | 13.55% |
Vicor Corporation (VICR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 21, 2026·SEC
Feb 19, 2026·SEC
Oct 21, 2025·SEC
Vicor Corporation (VICR) stock FAQ — growth, dividends, profitability & financials explained
Vicor Corporation (VICR) reported $452.7M in revenue for fiscal year 2025. This represents a 212% increase from $145.0M in 1996.
Vicor Corporation (VICR) grew revenue by 13.5% over the past year. This is steady growth.
Yes, Vicor Corporation (VICR) is profitable, generating $118.6M in net income for fiscal year 2025 (29.1% net margin).
Vicor Corporation (VICR) has a return on equity (ROE) of 18.5%. This is reasonable for most industries.
Vicor Corporation (VICR) generated $119.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Vicor Corporation (VICR) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates