Vicor Corp (VICR) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 23, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VICR SEC filings page.
Vicor Corp (VICR) reported $452.7M in revenue for fiscal year 2025, up 26.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
FY2025 recovery converted stronger demand into wider margins and cash while preserving light leverage.
FY2025 operating cash flow of$139.5M exceeded net income of$118.6M , indicating cash-backed earnings rather than profit that remained mostly on paper. Capital expenditures were$20.3M , down13.9% from FY2024, so free cash flow benefited from both improved earnings and lower reinvestment.
Revenue rose
Total assets reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vicor Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vicor Corp has an operating margin of 18.1%, meaning the company retains $18 of operating profit per $100 of revenue. This results in a moderate score of 62/100, indicating healthy but not exceptional operating efficiency. This is up from -0.4% the prior year.
Vicor Corp's revenue surged 26.1% year-over-year to $452.7M, reflecting rapid business expansion. This strong growth earns a score of 53/100.
With a current ratio of 8.99, Vicor Corp holds $8.99 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Vicor Corp converts 26.3% of revenue into free cash flow ($119.2M). This strong cash generation earns a score of 83/100.
Vicor Corp's ROE of 16.7% shows moderate profitability relative to equity, earning a score of 54/100. This is up from 1.1% the prior year.
Vicor Corp scores 68.26, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $8.1B against total liabilities of $74.0M. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Vicor Corp passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vicor Corp generates $1.18 in operating cash flow ($139.5M OCF vs $118.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Vicor Corp generated $143.4M in revenue in Q2 2026. This represents an increase of 1.6% from the same quarter a year earlier. Against the prior quarter it is up 26.9%.
Vicor Corp's EBITDA was $45.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.8% from the same quarter a year earlier. Against the prior quarter it is up 105.4%.
Vicor Corp reported $49.8M in net income in Q2 2026. This represents an increase of 20.8% from the same quarter a year earlier. Against the prior quarter it is up 140.9%.
Vicor Corp earned $1.04 per diluted share (EPS) in Q2 2026. This represents an increase of 14.3% from the same quarter a year earlier. Against the prior quarter it is up 136.4%.
Cash & Balance Sheet
Vicor Corp generated $23.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 61.1% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Vicor Corp held $453.6M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Vicor Corp's gross margin was 58.0% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 7.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.8 percentage points.
Vicor Corp's operating margin was 24.3% in Q2 2026, reflecting core business profitability. This is down 7.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.4 percentage points.
Vicor Corp's net profit margin was 34.7% in Q2 2026, showing the share of revenue converted to profit. This is up 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.4 percentage points.
Vicor Corp's quarterly ROE was 6.0% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
Capital Allocation
Vicor Corp invested $20.6M in research and development in Q2 2026. This represents an increase of 9.8% from the same quarter a year earlier. Against the prior quarter it is down 7.4%.
Vicor Corp invested $11.2M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 80.1% from the same quarter a year earlier. Against the prior quarter it is down 9.8%.
Not reported for Q2 2026.
VICR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $143.4M+1.6% | $113.0M+20.2% | N/A | $407.7M+337.6% | $141.0M+64.3% | $94.0M+12.0% | $96.2M+3.8% | $93.2M-13.6% |
| Cost of Revenue | $60.2M+23.1% | $50.6M+2.0% | N/A | $46.9M-1.1% | $48.9M+13.5% | $49.6M+28.0% | $45.8M+1.1% | $47.4M-8.7% |
| Gross Profit | $83.1M-9.8% | $62.4M+40.6% | N/A | $63.5M+38.8% | $92.1M+115.4% | $44.4M-1.7% | $50.4M+6.4% | $45.7M-18.1% |
| R&D Expenses | $20.6M+9.8% | $22.3M+15.0% | N/A | $19.9M+17.1% | $18.8M+10.9% | $19.4M+7.4% | $17.0M-1.8% | $17.0M-4.5% |
| SG&A Expenses | $27.6M-1.3% | $23.2M-7.7% | N/A | $22.7M-2.8% | $28.0M+19.9% | $25.1M-3.3% | $24.2M+6.5% | $23.4M+4.4% |
| Operating Income | $34.9M-23.2% | $16.9Mn/m | N/A | $20.9M+288.2% | $45.4M+21107.9% | -$149Kn/m | $9.2M+25.3% | $5.4M-65.7% |
| EBITDA | $45.6M-9.8% | $22.2M+340.9% | N/A | $26.1M+158.2% | $50.6M+937.4% | $5.0Mn/m | $13.8M+21.3% | $10.1M-50.0% |
| Income Tax | -$10.9M-238.5% | -$273K-164.4% | N/A | -$5.0Mn/m | $7.8M+86.0% | $424K-60.4% | $1.5M-21.4% | -$2.5M-336.5% |
| Net Income | $49.8M+20.8% | $20.7M+713.9% | N/A | $28.3M+144.9% | $41.2Mn/m | $2.5Mn/m | $10.2M+18.2% | $11.6M-30.3% |
| EPS (Basic) | $1.08+17.4% | $0.45+650.0% | $1.03+347.8% | $0.63+142.3% | $0.92n/m | $0.06n/m | $0.23+15.0% | $0.26-29.7% |
| EPS (Diluted) | $1.04+14.3% | $0.44+633.3% | $1.02+343.5% | $0.63+142.3% | $0.91n/m | $0.06n/m | $0.23+21.1% | $0.26-29.7% |
| Diluted Shares (Avg) | 48M+5.8% | 47M+3.9% | N/A | 45M-0.5% | 45M+0.5% | 45M+2.2% | N/A | 45M0.0% |
Not reported in any period shown, so not listed: Interest Expense.
VICR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $894.2M+28.9% | $804.9M+21.0% | $785.8M+22.6% | $710.2M+12.2% | $693.5M+13.1% | $665.0M+9.9% | $641.1M+7.8% | $632.8M+8.3% |
| Current Assets | $670.3M+30.2% | $599.5M+23.1% | $587.4M+26.9% | $533.9M+18.4% | $514.8M+18.2% | $487.0M+13.7% | $463.0M+10.2% | $450.8M+13.0% |
| Cash & Equivalents | $453.6M+34.0% | $404.2M+36.5% | $402.8M+45.3% | $362.4M+35.4% | $338.5M+34.4% | $296.1M+23.8% | $277.3M+14.5% | $267.6M+17.5% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $104.5M+9.4% | $94.8M-3.7% | $91.3M-13.9% | $92.3M-12.7% | $95.5M-12.5% | $98.5M-12.3% | $106.0M-0.5% | $105.8M+1.1% |
| Accounts Receivable | $78.9M+43.3% | $67.4M+2.3% | $60.7M+14.7% | $53.3M-9.0% | $55.1M+0.4% | $65.9M+14.3% | $52.9M+0.6% | $58.5M-6.6% |
| Long-Term Investments | $2.5M-2.3% | $2.5M-5.9% | $2.5M-6.8% | $2.4M-8.9% | $2.6M-0.6% | $2.7M+1.6% | $2.6M+4.4% | $2.6M+1.1% |
| Total Liabilities | $59.6M-29.6% | $50.8M-39.9% | $74.0M+4.5% | $79.9M+2.6% | $84.6M+11.7% | $84.5M+15.6% | $70.8M+31.7% | $77.9M+40.7% |
| Current Liabilities | $50.6M-31.5% | $41.9M-44.6% | $65.3M+5.7% | $70.7M+0.5% | $73.8M+8.9% | $75.7M+18.1% | $61.8M+40.0% | $70.4M+51.2% |
| Non-Current Liabilities | $9.0M-16.9% | $8.8M+0.1% | $8.7M-3.5% | $9.2M+22.4% | $10.8M+36.0% | $8.8M-2.0% | $9.0M-6.3% | $7.5M-14.7% |
| Total Equity | $834.3M+37.1% | $753.9M+29.9% | $711.6M+24.8% | $630.1M+13.6% | $608.6M+13.3% | $580.3M+9.1% | $570.1M+5.4% | $554.6M+4.9% |
| Retained Earnings | $491.8M+41.9% | $442.0M+44.8% | $421.4M+39.2% | $374.8M+28.1% | $346.5M+23.3% | $305.3M+8.2% | $302.8M+2.1% | $292.6M+1.6% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
VICR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $34.1M-47.7% | -$3.9M-119.6% | $15.7M+55.3% | $38.5M+70.5% | $65.2M+319.0% | $20.1M+679.6% | $10.1M-53.0% | $22.6M-5.3% |
| Depreciation & Amortization | $10.8M+107.3% | $5.3M+2.9% | $5.2M+12.2% | $5.2M+10.4% | $5.2M+11.3% | $5.2M+12.5% | $4.6M+14.2% | $4.7M+4.1% |
| Stock-Based Compensation | $4.2M+12.7% | $3.9M-11.4% | N/A | $4.4M+8.1% | $3.7M+8.1% | $4.3M+15.1% | N/A | $4.0M+16.7% |
| Capital Expenditures | $11.2M+80.1% | $12.4M+172.2% | $5.5M+219.3% | $4.0M-52.4% | $6.2M+1.0% | $4.5M-37.4% | $1.7M-75.8% | $8.5M+10.3% |
| Free Cash Flow | $23.0M-61.1% | -$16.3M-204.8% | $10.2M+21.3% | $34.5M+144.1% | $59.0M+526.2% | $15.6Mn/m | $8.4M-41.7% | $14.1M-12.7% |
| Investing Cash Flow | -$11.2Mn/m | -$12.4Mn/m | -$5.5Mn/m | -$4.0Mn/m | -$6.2Mn/m | -$4.5Mn/m | -$1.7Mn/m | -$8.5Mn/m |
| Financing Cash Flow | $26.4Mn/m | $17.8M+462.6% | $30.4M+2004.2% | -$10.6M-848.9% | -$16.6M-591.9% | $3.2M+80.3% | $1.4M+1357.6% | $1.4M-81.9% |
| Share Buybacks | N/A | N/A | $2.2Mn/m | $15.4M+2992.4% | N/A | N/A | $0 | $497K |
Not reported in any period shown, so not listed: Dividends Paid.
VICR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.0%-7.3pp | 55.2%+8.0pp | N/A | 15.6%-33.5pp | 65.3%+15.5pp | 47.2%-6.6pp | 52.4%+1.3pp | 49.1%-2.7pp |
| Operating Margin | 24.3%-7.8pp | 14.9%+15.1pp | N/A | 5.1%-0.6pp | 32.2%+31.9pp | -0.2%+19.1pp | 9.6%+1.6pp | 5.8%-8.8pp |
| Net Margin | 34.7%+5.5pp | 18.3%+15.6pp | N/A | 6.9%-5.5pp | 29.2%+30.6pp | 2.7%+20.0pp | 10.7%+1.3pp | 12.4%-3.0pp |
| Return on Equity | 6.0%-0.8pp | 2.7%+2.3pp | N/A | 4.5%+2.4pp | 6.8%+7.0pp | 0.4%+3.2pp | 1.8%+0.2pp | 2.1%-1.1pp |
| Return on Assets | 5.6%-0.4pp | 2.6%+2.2pp | N/A | 4.0%+2.2pp | 5.9%+6.1pp | 0.4%+2.8pp | 1.6%+0.1pp | 1.8%-1.0pp |
| Current Ratio | 13.25+6.3x | 14.30+7.9x | 8.99+1.5x | 7.55+1.1x | 6.97+0.6x | 6.44-0.2x | 7.49-2.0x | 6.41-2.2x |
| Liabilities-to-Equity | 0.07-0.1x | 0.07-0.1x | 0.100.0x | 0.130.0x | 0.140.0x | 0.150.0x | 0.120.0x | 0.140.0x |
| Asset Turnover | 0.160.0x | 0.140.0x | N/A | 0.57+0.4x | 0.20+0.1x | 0.140.0x | 0.150.0x | 0.150.0x |
| FCF Margin | 16.0%-25.8pp | -14.4%-31.0pp | N/A | 8.5%-6.7pp | 41.9%+30.9pp | 16.6%+22.2pp | 8.7%-6.8pp | 15.2%+0.2pp |
Not reported in any period shown, so not listed: Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Vicor Corp VICR | FY2025 | $452.7M | $118.6M | 26.2% | $8.1B | 72/100 |
| Plexus Corp PLXS | FY2025 | $4.0B | $172.9M | 4.3% | $5.8B | 50/100 |
| TTM Technologies Inc TTMI | FY2025 | $2.9B | $177.4M | 6.1% | $8.4B | 52/100 |
| OSI Systems Inc OSIS | FY2026 | $1.8B | $154.7M | 8.7% | $3.1B | 62/100 |
| Sanmina Corp SANM | FY2025 | $8.1B | $245.9M | 3.0% | $8.3B | 57/100 |
| Littelfuse Inc LFUS | FY2025 | $2.4B | -$71.7M | -3.0% | $8.9B | 55/100 |
Where Vicor Corp Ranks
Frequently Asked Questions
What is Vicor Corp's annual revenue?
Vicor Corp (VICR) reported $452.7M in total revenue for fiscal year 2025. This represents a 26.1% 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 grew by 26.1% year-over-year, from $359.1M to $452.7M in fiscal year 2025.
Is Vicor Corp profitable?
Yes, Vicor Corp (VICR) reported a net income of $118.6M in fiscal year 2025, with a net profit margin of 26.2%.
What is Vicor Corp's EBITDA?
Vicor Corp (VICR) had EBITDA of $102.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Vicor Corp's gross margin?
Vicor Corp (VICR) had a gross margin of 57.3% in fiscal year 2025, 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 18.1% in fiscal year 2025, 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 26.2% in fiscal year 2025, 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 16.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vicor Corp's free cash flow?
Vicor Corp (VICR) generated $119.2M in free cash flow during fiscal year 2025. This represents a 337.7% 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 $139.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vicor Corp's total assets?
Vicor Corp (VICR) had $785.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Vicor Corp's capital expenditures?
Vicor Corp (VICR) invested $20.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Vicor Corp spend on research and development?
Vicor Corp (VICR) invested $78.6M in research and development during fiscal year 2025.
What is Vicor Corp's current ratio?
Vicor Corp (VICR) had a current ratio of 8.99 as of fiscal year 2025, which is generally considered healthy.
What is Vicor Corp's liabilities-to-equity ratio?
Vicor Corp (VICR) had a liabilities-to-equity ratio of 0.10 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Vicor Corp's return on assets (ROA)?
Vicor Corp (VICR) had a return on assets of 15.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vicor Corp's P/E ratio?
Vicor Corp (VICR) trades at 68.5x earnings, its market capitalization divided by $118.6M net income, FY2025. The market capitalization is $8.1B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vicor Corp's price-to-sales ratio?
Vicor Corp (VICR) trades at 17.9x sales, its market capitalization divided by $452.7M revenue, FY2025. The market capitalization is $8.1B as of Oct 23, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vicor Corp's Altman Z-Score?
Vicor Corp (VICR) has an Altman Z-Score of 68.26, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vicor Corp's Piotroski F-Score?
Vicor Corp (VICR) has a Piotroski F-Score of 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.18x, 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.
How financially healthy is Vicor Corp?
Vicor Corp (VICR) scores 72 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.