Vicor Corporation VICR R2K

Technology · Electronic Components · United States

https://www.vicorpower.com

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power for use in electrically powered devices in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components that provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as sells electrical and mechanical accessories. It also designs, sells, and services custom power system solutions. It serves independent manufacturers of electronic devices, original equipment manufacturers, original design manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, satellites, factory automation, instrumentation, test equipment, transportation, telecommunications and networking infrastructure, and vehicle markets. Vicor Corporation was incorporated in 1981 and is headquartered in Andover, Massachusetts.

Market & Price

Market Cap

$15.26B

Current Price

$334.84

High / Low (52W)

$345.84 / $43.11

Beta

2.34

Valuation

Stock P/E

112.36

Industry PE

32.74

Forward P/E

60.33

PEG Ratio

Book Value

$15.72

Price to Book

21.30

P/S

35.77

EV/EBITDA

185.66

Dividend Yield

Profitability & Returns

ROCE

11.36%

ROE

20.49%

ROA

5.15%

Profit Margin

32.03%

Op Margin

14.95%

EPS (Latest Qtr)

$0.44

EPS (TTM)

$2.98

Balance Sheet & Liquidity

Debt/Equity

0.95

Quick Ratio

11.25

Current Ratio

14.30

Debt

$7.15M

Total Assets

$785.83M

Current Assets

$587.36M

Working Capital

$522.04M

Ownership

Promoter Holding

27.30%

Chg in Prom Hold

-0.06%

FII / Inst Holding

63.40%

Chg in FII Hold

0.01%

Financial Snapshot

Enterprise Value

$14.87B

Total Revenue (TTM)

$426.70M

EBITDA

$80.07M

Free Cash Flow

$9.04M

Operating Cash Flow

$115.48M

Shares Outstanding

33.86M

Gross Margin

54.47%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

4.29%

Profit 5Y

67.02%

Revenue (YoY)

20.20%

Earnings (YoY)

701.40%

PROS

Strong return on equity of 20.5%.
Excellent profit margin of 32.0%.
Profit CAGR of 67.0% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 112.4.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	VICR Vicor Corporation R2K	334.84	112.36	$15.26B	-	11.36%	20.49%	4.29%	67.02%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	54.46M	57.71M	56.89M	58.77M	65.27M	74.20M	78.03M	73.72M	65.72M	63.35M	70.77M	63.12M	63.40M	70.76M	78.11M	84.30M	88.80M	95.38M	84.91M	88.28M	102.19M	103.12M	97.82M	106.75M	107.84M	83.87M	85.85M	93.17M	-	93.97M	141.05M	110.42M	107.26M	112.97M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49.60M	48.92M	46.91M	47.84M	50.60M
Gross Profit	21.29M	22.83M	19.32M	24.47M	25.92M	21.50M	23.65M	25.93M	25.14M	26.93M	30.21M	35.88M	39.00M	33.87M	31.09M	29.12M	33.00M	29.76M	27.33M	30.32M	33.35M	40.45M	44.70M	49.87M	42.81M	37.60M	46.85M	46.97M	46.53M	55.17M	55.88M	45.12M	42.77M	45.74M	-	44.37M	92.13M	63.51M	59.42M	62.37M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44.51M	46.74M	42.61M	43.74M	45.48M
Operating Income	-2.22M	-	-5.43M	-601.00K	2.27M	-	-1.38M	-538.00K	100.00K	-	3.69M	8.32M	13.04M	-	4.49M	2.38M	6.05M	-	-2.37M	2.03M	6.10M	-	14.72M	20.01M	11.97M	4.78M	11.30M	3.00M	10.44M	17.86M	15.70M	-16.11M	214.00K	5.39M	-	-149.00K	45.38M	20.91M	15.69M	16.88M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5.04M	50.58M	26.14M	20.86M	22.22M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.98M	49.04M	23.31M	19.23M	20.40M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	424.00K	7.84M	-4.99M	-27.30M	-273.00K
Net Income	2.50M	-1.75M	-5.35M	-544.00K	2.34M	-2.69M	-974.00K	-459.00K	-11.00K	1.61M	3.94M	7.86M	13.01M	6.91M	4.29M	2.56M	5.94M	1.31M	-1.74M	2.67M	5.79M	11.19M	15.09M	19.39M	13.26M	5.00M	10.59M	1.79M	11.24M	17.10M	16.58M	-14.47M	-1.20M	11.55M	-	2.54M	41.19M	28.29M	46.53M	20.66M
Diluted EPS	0.06	-	-0.14	-0.01	0.06	-	-0.02	-0.01	0.00	-	0.10	0.19	0.32	0.17	0.10	0.06	0.14	0.03	-0.04	0.06	0.13	0.25	0.34	0.43	0.29	0.11	0.24	0.04	0.25	0.38	0.37	-0.33	-0.03	0.26	-	0.06	0.91	0.63	1.01	0.44
R&D Expense	10.12M	-	10.73M	10.76M	10.34M	-	11.01M	11.93M	10.54M	-	11.13M	11.40M	10.69M	-	11.22M	11.71M	11.51M	-	13.34M	12.83M	12.03M	-	13.03M	13.27M	13.52M	14.25M	15.52M	14.75M	15.87M	16.93M	17.75M	18.04M	16.94M	16.96M	-	19.38M	18.79M	19.86M	-	22.29M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	200.28M	227.83M	291.22M	262.98M	296.58M	-	399.08M	405.06M	359.06M	452.70M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	218.52M	200.13M	175.06M	193.27M
Gross Profit	87.59M	114.52M	106.69M	91.65M	81.48M	97.12M	99.52M	91.21M	101.66M	138.97M	122.97M	131.45M	-	180.56M	204.93M	184.00M	259.43M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	146.86M	153.57M	165.81M	177.60M
Operating Income	4.77M	29.12M	13.69M	-2.79M	-20.47M	-14.76M	-267.00K	-6.31M	-1.36M	32.06M	13.82M	17.37M	-	33.70M	51.36M	18.19M	81.83M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	47.48M	68.60M	36.82M	102.61M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	28.69M	60.24M	10.49M	94.57M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	3.26M	6.64M	4.35M	-24.02M
Net Income	2.80M	33.33M	8.84M	-4.08M	-23.64M	-13.89M	4.93M	-6.25M	167.00K	31.73M	14.10M	17.91M	-	25.45M	53.59M	6.13M	118.56M
Diluted EPS	0.07	0.80	0.21	-0.10	-0.60	-0.36	0.13	-0.16	0.00	0.78	0.34	0.41	-	0.57	1.19	0.14	2.61
R&D Expense	31.64M	35.98M	38.97M	38.74M	39.85M	41.48M	41.47M	41.85M	44.92M	44.29M	46.59M	50.92M	53.11M	60.59M	67.86M	68.92M	78.57M

Compounded Sales Growth

5 Years:	4.29%
1 Year:	20.20%

Compounded Profit Growth

5 Years:	67.02%
1 Year:	701.40%

Stock Price Performance

1 Year:	+667.28%
6 Months:	+279.85%
3 Months:	+66.26%
1 Month:	+30.44%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	204.91M	208.14M	202.58M	165.64M	155.54M	157.54M	154.07M	165.72M	221.07M	240.73M	396.24M	-	536.90M	594.89M	641.12M	785.83M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362.60M	420.37M	463.03M	587.36M
Cash & Equivalents	22.64M	40.22M	49.28M	71.91M	84.55M	56.34M	55.19M	62.98M	56.17M	44.23M	70.56M	84.67M	161.74M	-	190.61M	242.22M	277.27M	402.81M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	101.41M	106.58M	106.03M	91.34M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65.43M	52.63M	52.95M	60.72M
Total Liabilities	-	-	-	-	20.61M	23.30M	24.99M	21.46M	23.05M	29.30M	36.98M	34.86M	45.08M	-	72.56M	53.78M	70.83M	74.02M
Current Liabilities	-	-	22.70M	19.95M	17.57M	20.66M	23.16M	20.60M	22.23M	28.04M	36.00M	29.93M	40.51M	-	64.55M	44.17M	61.82M	65.32M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8.46M	8.23M	7.34M	7.18M
Total Equity	-	-	175.03M	180.94M	178.35M	139.18M	127.77M	135.03M	130.81M	136.11M	183.66M	205.56M	350.82M	-	464.09M	540.87M	570.07M	711.56M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55.72M	56.10M	56.82M	57.64M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	24.80M	16.89M	26.41M	17.24M	-4.69M	-	-	544.00K	-2.46M	36.17M	22.21M	34.74M	-	22.94M	74.53M	50.84M	139.55M
Investing Cash Flow	-5.91M	3.77M	2.53M	-4.08M	-5.08M	-	-	-8.52M	-12.53M	-18.24M	-12.48M	-78.82M	-	-18.97M	-33.45M	-23.60M	-20.32M
Financing Cash Flow	-1.27M	-11.74M	-6.38M	-264.00K	-18.05M	-	-	1.11M	3.08M	8.39M	4.37M	121.04M	-	4.44M	10.60M	7.99M	6.32M
Capital Expenditure	-10.64M	-12.10M	-7.47M	-7.40M	-6.18M	-7.13M	-9.09M	-8.43M	-12.54M	-18.21M	-12.48M	-28.65M	-	-63.97M	-33.45M	-23.60M	-20.32M
Free Cash Flow	14.15M	4.79M	18.94M	9.84M	-10.87M	-	-	-7.88M	-15.01M	17.96M	9.73M	6.09M	-	-41.03M	41.08M	27.24M	119.23M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	8.41M	51.68M	35.23M	125.55M
Share Buybacks	-	-	-	-	17.10M	-	-	-	-	-	-	-	-	0	0	497.00K	35.17M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	45.5%	44.6%	47.7%	46.8%	44.3%	-	45.2%	50.6%	51.2%	57.3%
Operating Margin %	-	-	-	-	-	-	-	-3.2%	-0.6%	11.0%	5.3%	5.9%	-	8.4%	12.7%	5.1%	18.1%
Net Margin %	-	-	-	-	-	-	-	-3.1%	0.1%	10.9%	5.4%	6.0%	-	6.4%	13.2%	1.7%	26.2%
ROE %	-	19.0%	4.9%	-2.3%	-17.0%	-10.9%	3.6%	-4.8%	0.1%	17.3%	6.9%	5.1%	-	5.5%	9.9%	1.1%	16.7%
ROCE %	-	16.0%	7.3%	-1.5%	-14.1%	-11.2%	-0.2%	-4.8%	-1.0%	17.3%	6.6%	4.9%	-	7.1%	9.3%	3.1%	11.4%

Shareholding Pattern

Insiders

27.30%

Institutions

63.40%

Public Float

87.20%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.52%	2.88M	$965.80M
2	JPMORGAN CHASE & CO	6.22%	2.11M	$705.42M
3	Price (T.Rowe) Associates Inc	5.58%	1.89M	$632.33M
4	Vanguard Portfolio Management LLC	3.43%	1.16M	$389.13M
5	Vanguard Capital Management LLC	3.06%	1.03M	$346.47M
6	State Street Corporation	2.40%	811.62K	$271.76M
7	Manufacturers Life Insurance Co.	1.78%	603.36K	$202.03M
8	Geode Capital Management, LLC	1.78%	602.66K	$201.80M
9	Arrowstreet Capital, Limited Partnership	1.58%	536.27K	$179.57M
10	Needham Investment Management, L.L.C.	1.54%	522.00K	$174.79M

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