Vicor Corporation (VICR) 10-Year Financial Performance & Capital Metrics

VICR • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsCircuit Protection & Power Components

AboutVicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides custom power systems solutions. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation markets. Vicor Corporation was incorporated in 1981 and is headquartered in Andover, Massachusetts.Show more

Revenue $359M -11.4%
EBITDA $17M -74.8%
Net Income $6M -88.6%
EPS (Diluted) 0.14 -88.2%
Gross Margin 51.24% +1.3%
EBITDA Margin 4.82% -71.5%
Operating Margin -0.36% -102.9%
Net Margin 1.71% -87.1%
ROE 1.1% -89.7%
ROIC -0.32% -102.5%
Debt/Equity 0.01 -15.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Profits declining 15.3% over 5 years
✗Expensive at 11.5x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.75%

5Y6.43%

3Y-0.03%

TTM24.2%

Profit (Net Income) CAGR

10Y-

5Y-15.35%

3Y-52.34%

TTM1707.93%

EPS CAGR

10Y-

5Y-16.26%

3Y-51.93%

TTM1929.11%

ROCE

10Y Avg5.71%

5Y Avg7.23%

3Y Avg5.28%

Latest-0.23%

Peer Comparison

Circuit Protection & Power Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VICRVicor Corporation	4.79B	145.48	1039.14	-11.36%	18.63%	13.05%	0.57%	0.01
LFUSLittelfuse, Inc.	7.32B	293.80	73.45	-7.28%	5.11%	4.44%	3.99%	0.39
ROGRogers Corporation	1.81B	100.89	72.06	-8.62%	-8.43%	-5.56%	3.91%	0.02
BELFBBel Fuse Inc.	2.07B	196.61	60.31	-16.41%	10.04%	12.81%	2.89%	0.72
WATTEnergous Corporation	11.01M	5.06	-0.07	61.96%	-410.74%	-90.31%
SNDKSandisk Corporation	59.98B	409.24	-36.15	10.39%	-22.36%	-18.55%		0.22
RELLRichardson Electronics, Ltd.	135.17M	10.83	-116.58	6.34%	0.08%	0.11%	5.73%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	220.19M	200.28M	227.83M	291.22M	262.98M	296.58M	359.36M	399.08M	405.06M	359.06M
Revenue Growth %	-0.02%	-0.09%	0.14%	0.28%	-0.1%	0.13%	0.21%	0.11%	0.01%	-0.11%
Cost of Goods Sold+	120.68M	109.07M	126.17M	152.25M	140.01M	165.13M	181.16M	218.52M	200.13M	175.06M
COGS % of Revenue	0.55%	0.54%	0.55%	0.52%	0.53%	0.56%	0.5%	0.55%	0.49%	0.49%
Gross Profit+	99.52M	91.21M	101.66M	138.97M	122.97M	131.45M	178.2M	180.56M	204.93M	184M
Gross Margin %	0.45%	0.46%	0.45%	0.48%	0.47%	0.44%	0.5%	0.45%	0.51%	0.51%
Gross Profit Growth %	0.02%	-0.08%	0.11%	0.37%	-0.12%	0.07%	0.36%	0.01%	0.13%	-0.1%
Operating Expenses+	99.78M	97.52M	103.02M	106.91M	109.14M	114.08M	122.6M	153.36M	153.57M	185.31M
OpEx % of Revenue	0.45%	0.49%	0.45%	0.37%	0.42%	0.38%	0.34%	0.38%	0.38%	0.52%
Selling, General & Admin	58.31M	55.67M	58.09M	62.22M	62.56M	63.16M	69.48M	86.26M	85.71M	96.89M
SG&A % of Revenue	0.26%	0.28%	0.25%	0.21%	0.24%	0.21%	0.19%	0.22%	0.21%	0.27%
Research & Development	41.47M	41.85M	44.92M	44.29M	46.59M	50.92M	53.11M	60.59M	67.86M	68.92M
R&D % of Revenue	0.19%	0.21%	0.2%	0.15%	0.18%	0.17%	0.15%	0.15%	0.17%	0.19%
Other Operating Expenses	0	0	0	402K	0	0	0	6.5M	0	19.5M
Operating Income+	-267K	-6.31M	-1.36M	32.06M	13.82M	17.37M	55.6M	27.2M	51.36M	-1.31M
Operating Margin %	-0%	-0.03%	-0.01%	0.11%	0.05%	0.06%	0.15%	0.07%	0.13%	-0%
Operating Income Growth %	0.98%	-22.65%	0.78%	24.57%	-0.57%	0.26%	2.2%	-0.51%	0.89%	-1.03%
EBITDA+	8.88M	2.12M	7.53M	41.31M	24.16M	28.42M	67.31M	40.98M	68.6M	17.32M
EBITDA Margin %	0.04%	0.01%	0.03%	0.14%	0.09%	0.1%	0.19%	0.1%	0.17%	0.05%
EBITDA Growth %	2.79%	-0.76%	2.55%	4.48%	-0.42%	0.18%	1.37%	-0.39%	0.67%	-0.75%
D&A (Non-Cash Add-back)	9.14M	8.44M	8.89M	9.25M	10.33M	11.06M	11.71M	13.78M	17.24M	18.63M
EBIT	-267K	-6.31M	-1.36M	32.46M	13.82M	17.37M	55.6M	33.7M	51.36M	18.19M
Net Interest Income+	47K	68K	124K	257K	300K	95K	930K	1.31M	8.22M	11.47M
Interest Income	47K	68K	124K	257K	300K	95K	930K	1.31M	8.22M	11.47M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	5.03M	284K	1.26M	874K	1.07M	1.09M	1.2M	1.49M	8.89M	11.8M
Pretax Income+	4.76M	-6.03M	-98K	32.93M	14.89M	18.46M	56.8M	28.69M	60.24M	10.49M
Pretax Margin %	0.02%	-0.03%	-0%	0.11%	0.06%	0.06%	0.16%	0.07%	0.15%	0.03%
Income Tax+	-401K	231K	-356K	1.09M	778K	539K	176K	3.26M	6.64M	4.35M
Effective Tax Rate %	1.04%	1.04%	-1.7%	0.96%	0.95%	0.97%	1%	0.89%	0.89%	0.58%
Net Income+	4.93M	-6.25M	167K	31.73M	14.1M	17.91M	56.63M	25.45M	53.59M	6.13M
Net Margin %	0.02%	-0.03%	0%	0.11%	0.05%	0.06%	0.16%	0.06%	0.13%	0.02%
Net Income Growth %	1.35%	-2.27%	1.03%	188.97%	-0.56%	0.27%	2.16%	-0.55%	1.11%	-0.89%
Net Income (Continuing)	5.16M	-6.26M	258K	31.85M	14.11M	17.92M	56.63M	25.43M	53.6M	6.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.05M	208K	305K	434K	308K	335K	306K	248K	237K	220K
EPS (Diluted)+	0.13	-0.16	0.00	0.78	0.34	0.41	1.26	0.57	1.19	0.14
EPS Growth %	1.36%	-2.23%	1.03%	-	-0.56%	0.21%	2.07%	-0.55%	1.09%	-0.88%
EPS (Basic)	0.13	-0.16	0.00	0.80	0.35	0.42	1.30	0.58	1.21	0.14
Diluted Shares Outstanding	39.15M	38.84M	39.93M	40.73M	41.68M	43.87M	44.97M	44.89M	45M	45.17M
Basic Shares Outstanding	38.75M	38.84M	39.93M	40.67M	41.46M	43.68M	44.94M	44.64M	45.04M	44.91M
Dividend Payout Ratio	-	-	-	-	0.01%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	115.51M	111.77M	118.83M	165.06M	179.07M	316.93M	356.76M	362.6M	420.37M	463.03M
Cash & Short-Term Investments	62.98M	56.17M	44.23M	70.56M	84.67M	211.91M	227.63M	190.61M	242.22M	277.27M
Cash Only	62.98M	56.17M	44.23M	70.56M	84.67M	161.74M	182.42M	190.61M	242.22M	277.27M
Short-Term Investments	0	0	0	0	0	50.17M	45.22M	0	0	0
Accounts Receivable	25.98M	25.22M	34.49M	43.67M	38.12M	41M	55.1M	65.43M	52.63M	52.95M
Days Sales Outstanding	43.07	45.95	55.25	54.74	52.9	50.46	55.96	59.84	47.43	53.82
Inventory	23.44M	27.14M	36.5M	47.37M	49.19M	57.27M	67.32M	101.41M	106.58M	106.03M
Days Inventory Outstanding	70.9	90.81	105.59	113.56	128.23	126.59	135.64	169.39	194.38	221.08
Other Current Assets	3.1M	3.25M	3.62M	3.46M	7.1M	6.76M	6.71M	5.15M	18.94M	26.78M
Total Non-Current Assets+	42.04M	42.3M	46.89M	56.01M	61.66M	79.31M	120.44M	174.3M	174.52M	178.08M
Property, Plant & Equipment	37.45M	37.57M	41.36M	50.43M	56.95M	74.84M	115.97M	166.01M	157.69M	152.71M
Fixed Asset Turnover	5.88x	5.33x	5.51x	5.77x	4.62x	3.96x	3.10x	2.40x	2.57x	2.35x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	942K	829K	707K	599K	509K	425K	332K	258K	192K	149K
Long-Term Investments	2.87M	2.51M	2.52M	2.53M	2.51M	2.52M	2.64M	2.62M	2.53M	2.64M
Other Non-Current Assets	766K	1.35M	2.09M	2.19M	1.49M	1.3M	1.29M	5.13M	13.81M	22.33M
Total Assets+	157.54M	154.07M	165.72M	221.07M	240.73M	396.24M	477.2M	536.9M	594.89M	641.12M
Asset Turnover	1.40x	1.30x	1.37x	1.32x	1.09x	0.75x	0.75x	0.74x	0.68x	0.56x
Asset Growth %	0.01%	-0.02%	0.08%	0.33%	0.09%	0.65%	0.2%	0.13%	0.11%	0.08%
Total Current Liabilities+	20.6M	22.23M	28.04M	36M	29.93M	40.51M	49.09M	64.55M	44.17M	61.82M
Accounts Payable	7.47M	7.59M	9.06M	16.15M	9.01M	14.12M	21.19M	22.21M	12.1M	8.74M
Days Payables Outstanding	22.59	25.39	26.22	38.72	23.48	31.21	42.69	37.09	22.07	18.22
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.54M	8.96M	9.89M	11.44M	11.15M	14.69M	14.22M	12.51M	14.71M	12.52M
Current Ratio	5.61x	5.03x	4.24x	4.59x	5.98x	7.82x	7.27x	5.62x	9.52x	7.49x
Quick Ratio	4.47x	3.81x	2.94x	3.27x	4.34x	6.41x	5.90x	4.05x	7.10x	5.77x
Cash Conversion Cycle	91.38	111.37	134.61	129.59	157.65	145.83	148.91	192.14	219.74	256.68
Total Non-Current Liabilities+	859K	823K	1.27M	980K	4.93M	4.57M	4.21M	8.02M	9.61M	9.01M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	102K	2.85M	2.97M	3.23M	7.01M	6.36M	5.62M
Deferred Tax Liabilities	55K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	336K	449K	966K	646K	1.02M	870K	569K	862K	2.23M	3.39M
Total Liabilities	21.46M	23.05M	29.3M	36.98M	34.86M	45.08M	53.3M	72.56M	53.78M	70.83M
Total Debt+	0	0	0	0	4.38M	4.6M	4.78M	8.46M	8.23M	7.34M
Net Debt	-62.98M	-56.17M	-44.23M	-70.56M	-80.29M	-157.15M	-177.64M	-182.15M	-233.99M	-269.94M
Debt / Equity	-	-	-	-	0.02x	0.01x	0.01x	0.02x	0.02x	0.01x
Debt / EBITDA	-	-	-	-	0.18x	0.16x	0.07x	0.21x	0.12x	0.42x
Net Debt / EBITDA	-7.10x	-26.45x	-5.87x	-1.71x	-3.32x	-5.53x	-2.64x	-4.45x	-3.41x	-15.59x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	136.09M	131.02M	136.42M	184.09M	205.87M	351.15M	423.9M	464.34M	541.11M	570.29M
Equity Growth %	0.04%	-0.04%	0.04%	0.35%	0.12%	0.71%	0.21%	0.1%	0.17%	0.05%
Book Value per Share	3.48	3.37	3.42	4.52	4.94	8.00	9.43	10.34	12.02	12.63
Total Shareholders' Equity	135.03M	130.81M	136.11M	183.66M	205.56M	350.82M	423.6M	464.09M	540.87M	570.07M
Common Stock	513K	515K	519K	520K	523K	551K	557K	559K	563K	570K
Retained Earnings	99.69M	93.44M	93.61M	129M	143.1M	161.01M	217.63M	243.08M	296.67M	302.8M
Treasury Stock	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-139.42M
Accumulated OCI	-577K	-561K	-478K	-394K	-383K	-204K	-1.33M	-988K	-1.27M	-1.5M
Minority Interest	1.05M	208K	305K	434K	308K	335K	306K	248K	237K	220K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	11.47M	544K	-2.46M	36.17M	22.21M	34.74M	54.88M	22.94M	74.53M	50.84M
Operating CF Margin %	0.05%	0%	-0.01%	0.12%	0.08%	0.12%	0.15%	0.06%	0.18%	0.14%
Operating CF Growth %	4.23%	-0.95%	-5.53%	15.68%	-0.39%	0.56%	0.58%	-0.58%	2.25%	-0.32%
Net Income	5.16M	-6.26M	258K	31.85M	14.11M	17.92M	56.63M	25.43M	53.6M	6.14M
Depreciation & Amortization	9.14M	8.44M	8.89M	9.25M	10.33M	11.06M	11.71M	13.78M	17.24M	18.63M
Stock-Based Compensation	1.78M	506K	1.74M	0	3.04M	5.88M	0	10.26M	12.87M	15.3M
Deferred Taxes	-183K	-78K	-172K	-55K	60K	-21K	18K	-72K	-34K	6K
Other Non-Cash Items	-5.12M	-31K	74K	10K	-148K	19K	6.96M	7.56M	43K	19.5M
Working Capital Changes	685K	-2.03M	-13.25M	-8.28M	-5.18M	-117K	-20.43M	-34.01M	-9.19M	-8.73M
Change in Receivables	2.2M	780K	-9.21M	-8.83M	5.71M	-2.82M	-14.3M	-10.59M	12.64M	-483K
Change in Inventory	1.88M	-3.68M	-9.31M	-10.83M	-1.81M	-8.05M	-10.13M	-34.2M	-5.24M	457K
Change in Payables	-1.3M	339K	3.19M	7.45M	-7.34M	8.67M	2.5M	4.4M	-11.15M	-1.84M
Cash from Investing+	-4.27M	-8.52M	-12.53M	-18.24M	-12.48M	-78.82M	-43.66M	-18.97M	-33.45M	-23.6M
Capital Expenditures	-9.09M	-8.43M	-12.54M	-18.21M	-12.48M	-28.65M	-47.76M	-63.97M	-33.45M	-23.6M
CapEx % of Revenue	0.04%	0.04%	0.06%	0.06%	0.05%	0.1%	0.13%	0.16%	0.08%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-204K	-91K	19K	-28K	0	0	0	0	0	0
Cash from Financing+	604K	1.11M	3.08M	8.39M	4.37M	121.04M	10.09M	4.44M	10.6M	7.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-139K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-216K	-471K	-225K	-270K	4.5M	11.36M	-153K	4.44M	10.6M	8.49M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.38M	-7.88M	-15.01M	17.96M	9.73M	6.09M	7.12M	-41.03M	41.08M	27.24M
FCF Margin %	0.01%	-0.04%	-0.07%	0.06%	0.04%	0.02%	0.02%	-0.1%	0.1%	0.08%
FCF Growth %	1.48%	-4.32%	-0.9%	2.2%	-0.46%	-0.37%	0.17%	-6.76%	2%	-0.34%
FCF per Share	0.06	-0.20	-0.38	0.44	0.23	0.14	0.16	-0.91	0.91	0.60
FCF Conversion (FCF/Net Income)	2.33x	-0.09x	-14.75x	1.14x	1.58x	1.94x	0.97x	0.90x	1.39x	8.30x
Interest Paid	-	-	-	-	0	0	0	0	0	0
Taxes Paid	-	-	-	-	2.19M	79K	0	1.26M	4.15M	4.3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.7%	-4.68%	0.12%	19.8%	7.23%	6.43%	14.61%	5.73%	10.66%	1.1%
Return on Invested Capital (ROIC)	-0.27%	-6.4%	-1.22%	23.38%	8.67%	8.15%	18.94%	7.72%	13.07%	-0.32%
Gross Margin	45.2%	45.54%	44.62%	47.72%	46.76%	44.32%	49.59%	45.24%	50.59%	51.24%
Net Margin	2.24%	-3.12%	0.07%	10.89%	5.36%	6.04%	15.76%	6.38%	13.23%	1.71%
Debt / Equity	-	-	-	-	0.02x	0.01x	0.01x	0.02x	0.02x	0.01x
FCF Conversion	2.33x	-0.09x	-14.75x	1.14x	1.58x	1.94x	0.97x	0.90x	1.39x	8.30x
Revenue Growth	-2.45%	-9.04%	13.76%	27.82%	-9.7%	12.78%	21.17%	11.05%	1.5%	-11.36%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
AdvancedProducts	-	-	-	-	-	-	170.22M	243.32M	181.17M	197.33M
AdvancedProducts Growth	-	-	-	-	-	-	-	42.95%	-25.54%	8.92%
BrickProducts	-	-	-	-	-	-	189.14M	155.76M	223.89M	161.73M
BrickProducts Growth	-	-	-	-	-	-	-	-17.65%	43.74%	-27.77%
RoyaltiesMember	-	-	-	-	145K	152K	-	-	-	-
RoyaltiesMember Growth	-	-	-	-	-	4.83%	-	-	-	-
Product and Service, Other	-	-	-	-	74K	72K	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-2.70%	-	-	-	-
BBU	-	151.43M	151.79M	186.7M	-	-	-	-	-	-
BBU Growth	-	-	0.24%	23.00%	-	-	-	-	-	-
Vi Chip	36.69M	39.95M	61.33M	81.67M	-	-	-	-	-	-
Vi Chip Growth	-	8.88%	53.53%	33.17%	-	-	-	-	-	-
Picor	17.3M	16.68M	26.3M	22.84M	-	-	-	-	-	-
Picor Growth	-	-3.58%	57.62%	-13.14%	-	-	-	-	-	-
Bbu	173.06M	-	-	-	-	-	-	-	-	-
Bbu Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Country US	-	-	-	-	121.63M	105.56M	118.64M	129.42M	149.46M	185.83M
Country US Growth	-	-	-	-	-	-13.21%	12.39%	9.09%	15.48%	24.34%
Asia Pacific	-	-	114.36M	-	108.83M	157.88M	200.8M	228.34M	192.27M	129.98M
Asia Pacific Growth	-	-	-	-	-	45.08%	27.18%	13.71%	-15.80%	-32.40%
Europe	-	-	24.08M	-	27.26M	30.13M	37.91M	38.38M	59.74M	41.8M
Europe Growth	-	-	-	-	-	10.53%	25.80%	1.24%	55.67%	-30.03%
All Other Countries	-	-	5.52M	-	-	-	-	2.94M	3.59M	1.44M
All Other Countries Growth	-	-	-	-	-	-	-	-	22.08%	-59.93%
AllOtherCountriesMember	-	-	-	-	5.26M	3M	2.01M	-	-	-
AllOtherCountriesMember Growth	-	-	-	-	-	-42.93%	-32.91%	-	-	-
UNITED STATES	-	-	83.87M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Vicor Corporation (VICR) reported $441.6M in revenue for fiscal year 2024. This represents a 75% increase from $253.0M in 2011.

Vicor Corporation (VICR) saw revenue decline by 11.4% over the past year.

Yes, Vicor Corporation (VICR) is profitable, generating $82.3M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

Vicor Corporation (VICR) has a return on equity (ROE) of 1.1%. This is below average, suggesting room for improvement.

Vicor Corporation (VICR) generated $117.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Vicor Corporation (VICR) 10-Year Financial Performance & Capital Metrics

VICR • • Industrial / General

TechnologyTech Hardware & EquipmentElectronic Components & ConnectorsCircuit Protection & Power Components

Revenue $359M -11.4%
EBITDA $17M -74.8%
Net Income $6M -88.6%
EPS (Diluted) 0.14 -88.2%
Gross Margin 51.24% +1.3%
EBITDA Margin 4.82% -71.5%
Operating Margin -0.36% -102.9%
Net Margin 1.71% -87.1%
ROE 1.1% -89.7%
ROIC -0.32% -102.5%
Debt/Equity 0.01 -15.4%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Momentum leader: RS Rating 96 (top 4%)
✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

✗Profits declining 15.3% over 5 years
✗Expensive at 11.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.75%

5Y6.43%

3Y-0.03%

TTM24.2%

Profit (Net Income) CAGR

10Y-

5Y-15.35%

3Y-52.34%

TTM1707.93%

EPS CAGR

10Y-

5Y-16.26%

3Y-51.93%

TTM1929.11%

ROCE

10Y Avg5.71%

5Y Avg7.23%

3Y Avg5.28%

Latest-0.23%

Peer Comparison

Circuit Protection & Power Components

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VICRVicor Corporation	4.79B	145.48	1039.14	-11.36%	18.63%	13.05%	0.57%	0.01
LFUSLittelfuse, Inc.	7.32B	293.80	73.45	-7.28%	5.11%	4.44%	3.99%	0.39
ROGRogers Corporation	1.81B	100.89	72.06	-8.62%	-8.43%	-5.56%	3.91%	0.02
BELFBBel Fuse Inc.	2.07B	196.61	60.31	-16.41%	10.04%	12.81%	2.89%	0.72
WATTEnergous Corporation	11.01M	5.06	-0.07	61.96%	-410.74%	-90.31%
SNDKSandisk Corporation	59.98B	409.24	-36.15	10.39%	-22.36%	-18.55%		0.22
RELLRichardson Electronics, Ltd.	135.17M	10.83	-116.58	6.34%	0.08%	0.11%	5.73%	0.01

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	220.19M	200.28M	227.83M	291.22M	262.98M	296.58M	359.36M	399.08M	405.06M	359.06M
Revenue Growth %	-0.02%	-0.09%	0.14%	0.28%	-0.1%	0.13%	0.21%	0.11%	0.01%	-0.11%
Cost of Goods Sold+	120.68M	109.07M	126.17M	152.25M	140.01M	165.13M	181.16M	218.52M	200.13M	175.06M
COGS % of Revenue	0.55%	0.54%	0.55%	0.52%	0.53%	0.56%	0.5%	0.55%	0.49%	0.49%
Gross Profit+	99.52M	91.21M	101.66M	138.97M	122.97M	131.45M	178.2M	180.56M	204.93M	184M
Gross Margin %	0.45%	0.46%	0.45%	0.48%	0.47%	0.44%	0.5%	0.45%	0.51%	0.51%
Gross Profit Growth %	0.02%	-0.08%	0.11%	0.37%	-0.12%	0.07%	0.36%	0.01%	0.13%	-0.1%
Operating Expenses+	99.78M	97.52M	103.02M	106.91M	109.14M	114.08M	122.6M	153.36M	153.57M	185.31M
OpEx % of Revenue	0.45%	0.49%	0.45%	0.37%	0.42%	0.38%	0.34%	0.38%	0.38%	0.52%
Selling, General & Admin	58.31M	55.67M	58.09M	62.22M	62.56M	63.16M	69.48M	86.26M	85.71M	96.89M
SG&A % of Revenue	0.26%	0.28%	0.25%	0.21%	0.24%	0.21%	0.19%	0.22%	0.21%	0.27%
Research & Development	41.47M	41.85M	44.92M	44.29M	46.59M	50.92M	53.11M	60.59M	67.86M	68.92M
R&D % of Revenue	0.19%	0.21%	0.2%	0.15%	0.18%	0.17%	0.15%	0.15%	0.17%	0.19%
Other Operating Expenses	0	0	0	402K	0	0	0	6.5M	0	19.5M
Operating Income+	-267K	-6.31M	-1.36M	32.06M	13.82M	17.37M	55.6M	27.2M	51.36M	-1.31M
Operating Margin %	-0%	-0.03%	-0.01%	0.11%	0.05%	0.06%	0.15%	0.07%	0.13%	-0%
Operating Income Growth %	0.98%	-22.65%	0.78%	24.57%	-0.57%	0.26%	2.2%	-0.51%	0.89%	-1.03%
EBITDA+	8.88M	2.12M	7.53M	41.31M	24.16M	28.42M	67.31M	40.98M	68.6M	17.32M
EBITDA Margin %	0.04%	0.01%	0.03%	0.14%	0.09%	0.1%	0.19%	0.1%	0.17%	0.05%
EBITDA Growth %	2.79%	-0.76%	2.55%	4.48%	-0.42%	0.18%	1.37%	-0.39%	0.67%	-0.75%
D&A (Non-Cash Add-back)	9.14M	8.44M	8.89M	9.25M	10.33M	11.06M	11.71M	13.78M	17.24M	18.63M
EBIT	-267K	-6.31M	-1.36M	32.46M	13.82M	17.37M	55.6M	33.7M	51.36M	18.19M
Net Interest Income+	47K	68K	124K	257K	300K	95K	930K	1.31M	8.22M	11.47M
Interest Income	47K	68K	124K	257K	300K	95K	930K	1.31M	8.22M	11.47M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	5.03M	284K	1.26M	874K	1.07M	1.09M	1.2M	1.49M	8.89M	11.8M
Pretax Income+	4.76M	-6.03M	-98K	32.93M	14.89M	18.46M	56.8M	28.69M	60.24M	10.49M
Pretax Margin %	0.02%	-0.03%	-0%	0.11%	0.06%	0.06%	0.16%	0.07%	0.15%	0.03%
Income Tax+	-401K	231K	-356K	1.09M	778K	539K	176K	3.26M	6.64M	4.35M
Effective Tax Rate %	1.04%	1.04%	-1.7%	0.96%	0.95%	0.97%	1%	0.89%	0.89%	0.58%
Net Income+	4.93M	-6.25M	167K	31.73M	14.1M	17.91M	56.63M	25.45M	53.59M	6.13M
Net Margin %	0.02%	-0.03%	0%	0.11%	0.05%	0.06%	0.16%	0.06%	0.13%	0.02%
Net Income Growth %	1.35%	-2.27%	1.03%	188.97%	-0.56%	0.27%	2.16%	-0.55%	1.11%	-0.89%
Net Income (Continuing)	5.16M	-6.26M	258K	31.85M	14.11M	17.92M	56.63M	25.43M	53.6M	6.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	1.05M	208K	305K	434K	308K	335K	306K	248K	237K	220K
EPS (Diluted)+	0.13	-0.16	0.00	0.78	0.34	0.41	1.26	0.57	1.19	0.14
EPS Growth %	1.36%	-2.23%	1.03%	-	-0.56%	0.21%	2.07%	-0.55%	1.09%	-0.88%
EPS (Basic)	0.13	-0.16	0.00	0.80	0.35	0.42	1.30	0.58	1.21	0.14
Diluted Shares Outstanding	39.15M	38.84M	39.93M	40.73M	41.68M	43.87M	44.97M	44.89M	45M	45.17M
Basic Shares Outstanding	38.75M	38.84M	39.93M	40.67M	41.46M	43.68M	44.94M	44.64M	45.04M	44.91M
Dividend Payout Ratio	-	-	-	-	0.01%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	115.51M	111.77M	118.83M	165.06M	179.07M	316.93M	356.76M	362.6M	420.37M	463.03M
Cash & Short-Term Investments	62.98M	56.17M	44.23M	70.56M	84.67M	211.91M	227.63M	190.61M	242.22M	277.27M
Cash Only	62.98M	56.17M	44.23M	70.56M	84.67M	161.74M	182.42M	190.61M	242.22M	277.27M
Short-Term Investments	0	0	0	0	0	50.17M	45.22M	0	0	0
Accounts Receivable	25.98M	25.22M	34.49M	43.67M	38.12M	41M	55.1M	65.43M	52.63M	52.95M
Days Sales Outstanding	43.07	45.95	55.25	54.74	52.9	50.46	55.96	59.84	47.43	53.82
Inventory	23.44M	27.14M	36.5M	47.37M	49.19M	57.27M	67.32M	101.41M	106.58M	106.03M
Days Inventory Outstanding	70.9	90.81	105.59	113.56	128.23	126.59	135.64	169.39	194.38	221.08
Other Current Assets	3.1M	3.25M	3.62M	3.46M	7.1M	6.76M	6.71M	5.15M	18.94M	26.78M
Total Non-Current Assets+	42.04M	42.3M	46.89M	56.01M	61.66M	79.31M	120.44M	174.3M	174.52M	178.08M
Property, Plant & Equipment	37.45M	37.57M	41.36M	50.43M	56.95M	74.84M	115.97M	166.01M	157.69M	152.71M
Fixed Asset Turnover	5.88x	5.33x	5.51x	5.77x	4.62x	3.96x	3.10x	2.40x	2.57x	2.35x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	942K	829K	707K	599K	509K	425K	332K	258K	192K	149K
Long-Term Investments	2.87M	2.51M	2.52M	2.53M	2.51M	2.52M	2.64M	2.62M	2.53M	2.64M
Other Non-Current Assets	766K	1.35M	2.09M	2.19M	1.49M	1.3M	1.29M	5.13M	13.81M	22.33M
Total Assets+	157.54M	154.07M	165.72M	221.07M	240.73M	396.24M	477.2M	536.9M	594.89M	641.12M
Asset Turnover	1.40x	1.30x	1.37x	1.32x	1.09x	0.75x	0.75x	0.74x	0.68x	0.56x
Asset Growth %	0.01%	-0.02%	0.08%	0.33%	0.09%	0.65%	0.2%	0.13%	0.11%	0.08%
Total Current Liabilities+	20.6M	22.23M	28.04M	36M	29.93M	40.51M	49.09M	64.55M	44.17M	61.82M
Accounts Payable	7.47M	7.59M	9.06M	16.15M	9.01M	14.12M	21.19M	22.21M	12.1M	8.74M
Days Payables Outstanding	22.59	25.39	26.22	38.72	23.48	31.21	42.69	37.09	22.07	18.22
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.54M	8.96M	9.89M	11.44M	11.15M	14.69M	14.22M	12.51M	14.71M	12.52M
Current Ratio	5.61x	5.03x	4.24x	4.59x	5.98x	7.82x	7.27x	5.62x	9.52x	7.49x
Quick Ratio	4.47x	3.81x	2.94x	3.27x	4.34x	6.41x	5.90x	4.05x	7.10x	5.77x
Cash Conversion Cycle	91.38	111.37	134.61	129.59	157.65	145.83	148.91	192.14	219.74	256.68
Total Non-Current Liabilities+	859K	823K	1.27M	980K	4.93M	4.57M	4.21M	8.02M	9.61M	9.01M
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	102K	2.85M	2.97M	3.23M	7.01M	6.36M	5.62M
Deferred Tax Liabilities	55K	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	336K	449K	966K	646K	1.02M	870K	569K	862K	2.23M	3.39M
Total Liabilities	21.46M	23.05M	29.3M	36.98M	34.86M	45.08M	53.3M	72.56M	53.78M	70.83M
Total Debt+	0	0	0	0	4.38M	4.6M	4.78M	8.46M	8.23M	7.34M
Net Debt	-62.98M	-56.17M	-44.23M	-70.56M	-80.29M	-157.15M	-177.64M	-182.15M	-233.99M	-269.94M
Debt / Equity	-	-	-	-	0.02x	0.01x	0.01x	0.02x	0.02x	0.01x
Debt / EBITDA	-	-	-	-	0.18x	0.16x	0.07x	0.21x	0.12x	0.42x
Net Debt / EBITDA	-7.10x	-26.45x	-5.87x	-1.71x	-3.32x	-5.53x	-2.64x	-4.45x	-3.41x	-15.59x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	136.09M	131.02M	136.42M	184.09M	205.87M	351.15M	423.9M	464.34M	541.11M	570.29M
Equity Growth %	0.04%	-0.04%	0.04%	0.35%	0.12%	0.71%	0.21%	0.1%	0.17%	0.05%
Book Value per Share	3.48	3.37	3.42	4.52	4.94	8.00	9.43	10.34	12.02	12.63
Total Shareholders' Equity	135.03M	130.81M	136.11M	183.66M	205.56M	350.82M	423.6M	464.09M	540.87M	570.07M
Common Stock	513K	515K	519K	520K	523K	551K	557K	559K	563K	570K
Retained Earnings	99.69M	93.44M	93.61M	129M	143.1M	161.01M	217.63M	243.08M	296.67M	302.8M
Treasury Stock	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-138.93M	-139.42M
Accumulated OCI	-577K	-561K	-478K	-394K	-383K	-204K	-1.33M	-988K	-1.27M	-1.5M
Minority Interest	1.05M	208K	305K	434K	308K	335K	306K	248K	237K	220K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	11.47M	544K	-2.46M	36.17M	22.21M	34.74M	54.88M	22.94M	74.53M	50.84M
Operating CF Margin %	0.05%	0%	-0.01%	0.12%	0.08%	0.12%	0.15%	0.06%	0.18%	0.14%
Operating CF Growth %	4.23%	-0.95%	-5.53%	15.68%	-0.39%	0.56%	0.58%	-0.58%	2.25%	-0.32%
Net Income	5.16M	-6.26M	258K	31.85M	14.11M	17.92M	56.63M	25.43M	53.6M	6.14M
Depreciation & Amortization	9.14M	8.44M	8.89M	9.25M	10.33M	11.06M	11.71M	13.78M	17.24M	18.63M
Stock-Based Compensation	1.78M	506K	1.74M	0	3.04M	5.88M	0	10.26M	12.87M	15.3M
Deferred Taxes	-183K	-78K	-172K	-55K	60K	-21K	18K	-72K	-34K	6K
Other Non-Cash Items	-5.12M	-31K	74K	10K	-148K	19K	6.96M	7.56M	43K	19.5M
Working Capital Changes	685K	-2.03M	-13.25M	-8.28M	-5.18M	-117K	-20.43M	-34.01M	-9.19M	-8.73M
Change in Receivables	2.2M	780K	-9.21M	-8.83M	5.71M	-2.82M	-14.3M	-10.59M	12.64M	-483K
Change in Inventory	1.88M	-3.68M	-9.31M	-10.83M	-1.81M	-8.05M	-10.13M	-34.2M	-5.24M	457K
Change in Payables	-1.3M	339K	3.19M	7.45M	-7.34M	8.67M	2.5M	4.4M	-11.15M	-1.84M
Cash from Investing+	-4.27M	-8.52M	-12.53M	-18.24M	-12.48M	-78.82M	-43.66M	-18.97M	-33.45M	-23.6M
Capital Expenditures	-9.09M	-8.43M	-12.54M	-18.21M	-12.48M	-28.65M	-47.76M	-63.97M	-33.45M	-23.6M
CapEx % of Revenue	0.04%	0.04%	0.06%	0.06%	0.05%	0.1%	0.13%	0.16%	0.08%	0.07%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-204K	-91K	19K	-28K	0	0	0	0	0	0
Cash from Financing+	604K	1.11M	3.08M	8.39M	4.37M	121.04M	10.09M	4.44M	10.6M	7.99M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-139K	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-216K	-471K	-225K	-270K	4.5M	11.36M	-153K	4.44M	10.6M	8.49M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.38M	-7.88M	-15.01M	17.96M	9.73M	6.09M	7.12M	-41.03M	41.08M	27.24M
FCF Margin %	0.01%	-0.04%	-0.07%	0.06%	0.04%	0.02%	0.02%	-0.1%	0.1%	0.08%
FCF Growth %	1.48%	-4.32%	-0.9%	2.2%	-0.46%	-0.37%	0.17%	-6.76%	2%	-0.34%
FCF per Share	0.06	-0.20	-0.38	0.44	0.23	0.14	0.16	-0.91	0.91	0.60
FCF Conversion (FCF/Net Income)	2.33x	-0.09x	-14.75x	1.14x	1.58x	1.94x	0.97x	0.90x	1.39x	8.30x
Interest Paid	-	-	-	-	0	0	0	0	0	0
Taxes Paid	-	-	-	-	2.19M	79K	0	1.26M	4.15M	4.3M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.7%	-4.68%	0.12%	19.8%	7.23%	6.43%	14.61%	5.73%	10.66%	1.1%
Return on Invested Capital (ROIC)	-0.27%	-6.4%	-1.22%	23.38%	8.67%	8.15%	18.94%	7.72%	13.07%	-0.32%
Gross Margin	45.2%	45.54%	44.62%	47.72%	46.76%	44.32%	49.59%	45.24%	50.59%	51.24%
Net Margin	2.24%	-3.12%	0.07%	10.89%	5.36%	6.04%	15.76%	6.38%	13.23%	1.71%
Debt / Equity	-	-	-	-	0.02x	0.01x	0.01x	0.02x	0.02x	0.01x
FCF Conversion	2.33x	-0.09x	-14.75x	1.14x	1.58x	1.94x	0.97x	0.90x	1.39x	8.30x
Revenue Growth	-2.45%	-9.04%	13.76%	27.82%	-9.7%	12.78%	21.17%	11.05%	1.5%	-11.36%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
AdvancedProducts	-	-	-	-	-	-	170.22M	243.32M	181.17M	197.33M
AdvancedProducts Growth	-	-	-	-	-	-	-	42.95%	-25.54%	8.92%
BrickProducts	-	-	-	-	-	-	189.14M	155.76M	223.89M	161.73M
BrickProducts Growth	-	-	-	-	-	-	-	-17.65%	43.74%	-27.77%
RoyaltiesMember	-	-	-	-	145K	152K	-	-	-	-
RoyaltiesMember Growth	-	-	-	-	-	4.83%	-	-	-	-
Product and Service, Other	-	-	-	-	74K	72K	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-2.70%	-	-	-	-
BBU	-	151.43M	151.79M	186.7M	-	-	-	-	-	-
BBU Growth	-	-	0.24%	23.00%	-	-	-	-	-	-
Vi Chip	36.69M	39.95M	61.33M	81.67M	-	-	-	-	-	-
Vi Chip Growth	-	8.88%	53.53%	33.17%	-	-	-	-	-	-
Picor	17.3M	16.68M	26.3M	22.84M	-	-	-	-	-	-
Picor Growth	-	-3.58%	57.62%	-13.14%	-	-	-	-	-	-
Bbu	173.06M	-	-	-	-	-	-	-	-	-
Bbu Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Country US	-	-	-	-	121.63M	105.56M	118.64M	129.42M	149.46M	185.83M
Country US Growth	-	-	-	-	-	-13.21%	12.39%	9.09%	15.48%	24.34%
Asia Pacific	-	-	114.36M	-	108.83M	157.88M	200.8M	228.34M	192.27M	129.98M
Asia Pacific Growth	-	-	-	-	-	45.08%	27.18%	13.71%	-15.80%	-32.40%
Europe	-	-	24.08M	-	27.26M	30.13M	37.91M	38.38M	59.74M	41.8M
Europe Growth	-	-	-	-	-	10.53%	25.80%	1.24%	55.67%	-30.03%
All Other Countries	-	-	5.52M	-	-	-	-	2.94M	3.59M	1.44M
All Other Countries Growth	-	-	-	-	-	-	-	-	22.08%	-59.93%
AllOtherCountriesMember	-	-	-	-	5.26M	3M	2.01M	-	-	-
AllOtherCountriesMember Growth	-	-	-	-	-	-42.93%	-32.91%	-	-	-
UNITED STATES	-	-	83.87M	-	-	-	-	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Vicor Corporation (VICR) reported $441.6M in revenue for fiscal year 2024. This represents a 75% increase from $253.0M in 2011.

Vicor Corporation (VICR) saw revenue decline by 11.4% over the past year.

Yes, Vicor Corporation (VICR) is profitable, generating $82.3M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

Vicor Corporation (VICR) has a return on equity (ROE) of 1.1%. This is below average, suggesting room for improvement.

Vicor Corporation (VICR) generated $117.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.