Vicor Corp Financials
This page shows Vicor Corp (VICR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vicor Corp has an operating margin of -0.4%, meaning the company retains $-0 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 12.7% the prior year.
Vicor Corp's revenue declined 11.4% year-over-year, from $405.1M to $359.1M. This contraction results in a growth score of 0/100.
Vicor Corp carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 7.49, Vicor Corp holds $7.49 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Vicor Corp has a free cash flow margin of 7.6%, earning a moderate score of 38/100. The company generates positive cash flow after capital investments, but with room for improvement.
Vicor Corp generates a 1.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 4/100. This is down from 9.9% the prior year.
Vicor Corp passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Vicor Corp generates $8.30 in operating cash flow ($50.8M OCF vs $6.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Vicor Corp earns $-0.1 in operating income for every $1 of interest expense (-$1.3M vs $11.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Vicor Corp generated $359.1M in revenue in fiscal year 2024. This represents a decrease of 11.4% from the prior year.
Vicor Corp's EBITDA was $17.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 74.8% from the prior year.
Vicor Corp generated $27.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 33.7% from the prior year.
Vicor Corp reported $6.1M in net income in fiscal year 2024. This represents a decrease of 88.6% from the prior year.
Vicor Corp earned $0.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 88.2% from the prior year.
Vicor Corp held $277.3M in cash against $0 in long-term debt as of fiscal year 2024.
Vicor Corp's gross margin was 51.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the prior year.
Vicor Corp's operating margin was -0.4% in fiscal year 2024, reflecting core business profitability. This is down 13.0 percentage points from the prior year.
Vicor Corp's net profit margin was 1.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 11.5 percentage points from the prior year.
Vicor Corp's ROE was 1.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.8 percentage points from the prior year.
Vicor Corp invested $68.9M in research and development in fiscal year 2024. This represents an increase of 1.6% from the prior year.
Vicor Corp spent $497K on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Vicor Corp invested $23.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 29.4% from the prior year.
VICR Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $110.4M-21.7% | $141.0M+50.1% | $94.0M-2.3% | $96.2M+3.2% | $93.2M+8.5% | $85.9M+2.4% | $83.9M-9.5% | $92.7M |
| Cost of Revenue | $46.9M-4.1% | $48.9M-1.4% | $49.6M+8.3% | $45.8M-3.4% | $47.4M+10.1% | $43.1M+11.2% | $38.7M-14.5% | $45.3M |
| Gross Profit | $63.5M-31.1% | $92.1M+107.7% | $44.4M-11.9% | $50.4M+10.1% | $45.7M+7.0% | $42.8M-5.2% | $45.1M-4.7% | $47.3M |
| R&D Expenses | $19.9M+5.7% | $18.8M-3.0% | $19.4M+14.1% | $17.0M+0.1% | $17.0M+0.1% | $16.9M-6.1% | $18.0M+4.3% | $17.3M |
| SG&A Expenses | $22.7M-18.6% | $28.0M+11.2% | $25.1M+4.0% | $24.2M+3.3% | $23.4M+0.3% | $23.3M-10.3% | $26.0M+14.6% | $22.7M |
| Operating Income | $20.9M-53.9% | $45.4M+30559.7% | -$149K-101.6% | $9.2M+70.9% | $5.4M+2416.8% | $214K+101.3% | -$16.1M-319.3% | $7.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$5.0M-163.6% | $7.8M+1749.5% | $424K-72.0% | $1.5M+161.8% | -$2.5M-158.2% | $4.2M+293.7% | $1.1M-44.5% | $1.9M |
| Net Income | $28.3M-31.3% | $41.2M+1522.4% | $2.5M-75.2% | $10.2M-11.3% | $11.6M+1065.9% | -$1.2M+91.7% | -$14.5M-267.0% | $8.7M |
| EPS (Diluted) | $0.63-30.8% | $0.91+1416.7% | $0.06-75.0% | $0.24-7.7% | $0.26+966.7% | $-0.03+90.9% | $-0.33-273.7% | $0.19 |
VICR Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $710.2M+2.4% | $693.5M+4.3% | $665.0M+3.7% | $641.1M+1.3% | $632.8M+3.2% | $613.2M+1.3% | $605.1M+1.7% | $594.9M |
| Current Assets | $533.9M+3.7% | $514.8M+5.7% | $487.0M+5.2% | $463.0M+2.7% | $450.8M+3.6% | $435.3M+1.7% | $428.3M+1.9% | $420.4M |
| Cash & Equivalents | $362.4M+7.0% | $338.5M+14.3% | $296.1M+6.8% | $277.3M+3.6% | $267.6M+6.2% | $251.9M+5.3% | $239.2M-1.3% | $242.2M |
| Inventory | $92.3M-3.3% | $95.5M-3.1% | $98.5M-7.1% | $106.0M+0.3% | $105.8M-3.0% | $109.1M-2.9% | $112.3M+5.4% | $106.6M |
| Accounts Receivable | $53.3M-3.3% | $55.1M-16.4% | $65.9M+24.4% | $52.9M-9.5% | $58.5M+6.7% | $54.9M-4.8% | $57.6M+9.4% | $52.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $79.9M-5.6% | $84.6M+0.2% | $84.5M+19.3% | $70.8M-9.1% | $77.9M+2.8% | $75.8M+3.7% | $73.1M+35.9% | $53.8M |
| Current Liabilities | $70.7M-4.3% | $73.8M-2.4% | $75.7M+22.4% | $61.8M-12.2% | $70.4M+3.7% | $67.8M+5.9% | $64.1M+45.1% | $44.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $630.1M+3.5% | $608.6M+4.9% | $580.3M+1.8% | $570.1M+2.8% | $554.6M+3.2% | $537.2M+1.0% | $531.8M-1.7% | $540.9M |
| Retained Earnings | $374.8M+8.2% | $346.5M+13.5% | $305.3M+0.8% | $302.8M+3.5% | $292.6M+4.1% | $281.0M-0.4% | $282.2M-4.9% | $296.7M |
VICR Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $38.5M-41.0% | $65.2M+224.1% | $20.1M+99.0% | $10.1M-55.2% | $22.6M+45.0% | $15.6M+502.9% | $2.6M-88.0% | $21.5M |
| Capital Expenditures | $4.0M-35.2% | $6.2M+36.4% | $4.5M+162.1% | $1.7M-79.5% | $8.5M+37.7% | $6.1M-15.5% | $7.3M+1.5% | $7.2M |
| Free Cash Flow | $34.5M-41.6% | $59.0M+278.9% | $15.6M+85.9% | $8.4M-40.7% | $14.1M+49.8% | $9.4M+301.0% | -$4.7M-132.6% | $14.4M |
| Investing Cash Flow | -$4.0M+35.2% | -$6.2M-36.4% | -$4.5M-162.1% | -$1.7M+79.5% | -$8.5M-37.7% | -$6.1M+15.5% | -$7.3M-1.5% | -$7.2M |
| Financing Cash Flow | -$10.6M+36.4% | -$16.6M-625.4% | $3.2M+119.4% | $1.4M+2.2% | $1.4M-58.2% | $3.4M+92.6% | $1.8M+1673.7% | $99K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $15.4M | N/A | N/A | $0-100.0% | $497K-92.6% | $6.7M-35.5% | $10.4M | N/A |
VICR Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.5%-7.8pp | 65.3%+18.1pp | 47.2%-5.2pp | 52.4%+3.3pp | 49.1%-0.7pp | 49.8%-4.0pp | 53.8%+2.7pp | 51.1% |
| Operating Margin | 18.9%-13.2pp | 32.2%+32.3pp | -0.2%-9.7pp | 9.6%+3.8pp | 5.8%+5.5pp | 0.3%+19.5pp | -19.2%-27.1pp | 7.9% |
| Net Margin | 25.6%-3.6pp | 29.2%+26.5pp | 2.7%-8.0pp | 10.7%-1.8pp | 12.4%+13.8pp | -1.4%+15.9pp | -17.3%-26.6pp | 9.4% |
| Return on Equity | 4.5%-2.3pp | 6.8%+6.3pp | 0.4%-1.4pp | 1.8%-0.3pp | 2.1%+0.8pp | 1.3%-0.9pp | 2.3%+0.6pp | 1.6% |
| Return on Assets | 4.0%-2.0pp | 5.9%+5.6pp | 0.4%-1.2pp | 1.6%-0.2pp | 1.8%+2.0pp | -0.2%+2.2pp | -2.4%-3.9pp | 1.5% |
| Current Ratio | 7.55+0.6 | 6.97+0.5 | 6.44-1.1 | 7.49+1.1 | 6.41-0.0 | 6.42-0.3 | 6.68-2.8 | 9.52 |
| Debt-to-Equity | 0.13-0.0 | 0.140.0 | 0.15+0.0 | 0.12-0.0 | 0.140.0 | 0.140.0 | 0.14+0.0 | 0.10 |
| FCF Margin | 31.2%-10.6pp | 41.9%+25.3pp | 16.6%+7.9pp | 8.7%-6.4pp | 15.2%+4.2pp | 11.0%+16.6pp | -5.6%-21.1pp | 15.5% |
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Frequently Asked Questions
What is Vicor Corp's annual revenue?
Vicor Corp (VICR) reported $359.1M in total revenue for fiscal year 2024. This represents a -11.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vicor Corp's revenue growing?
Vicor Corp (VICR) revenue declined by 11.4% year-over-year, from $405.1M to $359.1M in fiscal year 2024.
Is Vicor Corp profitable?
Yes, Vicor Corp (VICR) reported a net income of $6.1M in fiscal year 2024, with a net profit margin of 1.7%.
What is Vicor Corp's earnings per share (EPS)?
Vicor Corp (VICR) reported diluted earnings per share of $0.14 for fiscal year 2024. This represents a -88.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Vicor Corp's EBITDA?
Vicor Corp (VICR) had EBITDA of $17.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vicor Corp's gross margin?
Vicor Corp (VICR) had a gross margin of 51.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vicor Corp's operating margin?
Vicor Corp (VICR) had an operating margin of -0.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Vicor Corp's net profit margin?
Vicor Corp (VICR) had a net profit margin of 1.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Vicor Corp's return on equity (ROE)?
Vicor Corp (VICR) has a return on equity of 1.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Vicor Corp's free cash flow?
Vicor Corp (VICR) generated $27.2M in free cash flow during fiscal year 2024. This represents a -33.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Vicor Corp's operating cash flow?
Vicor Corp (VICR) generated $50.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Vicor Corp's total assets?
Vicor Corp (VICR) had $641.1M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Vicor Corp's capital expenditures?
Vicor Corp (VICR) invested $23.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Vicor Corp spend on research and development?
Vicor Corp (VICR) invested $68.9M in research and development during fiscal year 2024.
Does Vicor Corp buy back shares?
Yes, Vicor Corp (VICR) spent $497K on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
What is Vicor Corp's current ratio?
Vicor Corp (VICR) had a current ratio of 7.49 as of fiscal year 2024, which is generally considered healthy.
What is Vicor Corp's debt-to-equity ratio?
Vicor Corp (VICR) had a debt-to-equity ratio of 0.12 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vicor Corp's return on assets (ROA)?
Vicor Corp (VICR) had a return on assets of 1.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Vicor Corp's Piotroski F-Score?
Vicor Corp (VICR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vicor Corp's earnings high quality?
Vicor Corp (VICR) has an earnings quality ratio of 8.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vicor Corp cover its interest payments?
Vicor Corp (VICR) has an interest coverage ratio of -0.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vicor Corp?
Vicor Corp (VICR) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.