NASDAQ : VICR
Vicor Corporation — Financial statements
Technology · Electronic Components · United States
Last price 191.09 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 8.82B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Vicor Corporation (VICR) reported revenue of 560.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 560.70M | 407.70M | 359.06M | 405.06M | 399.08M | 359.36M |
| Cost of Revenue | 221.11M | 193.27M | 175.06M | 200.13M | 218.52M | 181.16M |
| Gross Profit | 339.59M | 214.43M | 184.00M | 204.93M | 180.56M | 178.20M |
| Selling, General & Admin | 105.91M | 92.39M | 95.89M | 85.71M | 86.26M | 69.48M |
| Research & Development | 87.44M | 78.57M | 68.92M | 67.86M | 60.59M | 53.11M |
| Operating Expenses | 193.35M | 170.96M | 164.82M | 153.57M | 146.86M | 122.60M |
| Operating Income | 146.24M | 43.47M | 19.18M | 51.36M | 33.70M | 55.60M |
| Interest & Investment Income | 3.35M | 12.13M | 11.47M | 8.22M | 1.31M | 930.00K |
| Currency Exchange Gain (Loss) | -95.00K | 312.00K | -622.00K | -161.00K | -653.00K | -336.00K |
| Other Non Operating Income (Expenses) | 15.19M | 1.15M | 978.00K | 819.00K | 823.00K | 605.00K |
| EBT Excluding Unusual Items | 164.68M | 57.06M | 31.01M | 60.23M | 35.18M | 56.80M |
| Gain (Loss) on Sale of Investments | -747.00K | 3.00K | 4.00K | |||
| Gain (Loss) on Sale of Assets | -3.00K | -851.00K | -27.00K | 11.00K | ||
| Legal Settlements | -6.64M | 38.36M | -20.49M | -6.50M | ||
| Pretax Income | 157.29M | 94.57M | 10.49M | 60.24M | 28.69M | 56.80M |
| Income Tax Expense | -23.04M | -24.02M | 4.35M | 6.64M | 3.26M | 176.00K |
| Earnings From Continuing Operations | 180.33M | 118.60M | 6.14M | 53.60M | 25.43M | 56.63M |
| Minority Interest in Earnings | -37.00K | -40.00K | -10.00K | -5.00K | 20.00K | -4.00K |
| Net Income | 180.29M | 118.56M | 6.13M | 53.59M | 25.45M | 56.62M |
| Net Income to Common | 180.29M | 118.56M | 6.13M | 53.59M | 25.45M | 56.62M |
| Shares Outstanding (Basic) | 45.68M | 45.04M | 44.91M | 44.32M | 44.01M | 43.65M |
| Shares Outstanding (Diluted) | 47.22M | 45.45M | 45.17M | 45.00M | 44.89M | 44.97M |
| EPS (Basic) | 3.95 | 2.63 | 0.14 | 1.21 | 0.58 | 1.30 |
| EPS (Diluted) | 3.82 | 2.61 | 0.14 | 1.19 | 0.57 | 1.26 |
| Free Cash Flow | 50.83M | 119.23M | 27.24M | 41.08M | -41.03M | 6.68M |
| Free Cash Flow Per Share | 1.08 | 2.62 | 0.60 | 0.91 | -0.91 | 0.15 |
| Gross Margin | 60.57% | 52.60% | 51.24% | 50.59% | 45.24% | 49.59% |
| Operating Margin | 26.08% | 10.66% | 5.34% | 12.68% | 8.45% | 15.47% |
| Profit Margin | 32.16% | 29.08% | 1.71% | 13.23% | 6.38% | 15.76% |
| Free Cash Flow Margin | 9.06% | 29.24% | 7.59% | 10.14% | -10.28% | 1.86% |
| EBITDA | 166.33M | 62.89M | 37.81M | 68.60M | 47.48M | 67.31M |
| EBITDA Margin | 29.67% | 15.43% | 10.53% | 16.93% | 11.90% | 18.73% |
| D&A For EBITDA | 20.10M | 19.42M | 18.63M | 17.24M | 13.78M | 11.71M |
| EBIT | 146.24M | 43.47M | 19.18M | 51.36M | 33.70M | 55.60M |
| EBIT Margin | 26.08% | 10.66% | 5.34% | 12.68% | 8.45% | 15.47% |
| Effective Tax Rate | 41.46% | 11.03% | 11.37% | 0.31% | ||
| Revenue as Reported | 560.70M | 452.70M | 359.06M | 405.06M | 399.08M | |
| Advertising Expenses | 3.29M | 3.49M | 3.73M | 3.79M | 2.99M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 513.14M | 402.81M | 277.27M | 242.22M | 190.61M | 182.42M |
| Short-Term Investments | 45.22M | |||||
| Cash & Short-Term Investments | 513.14M | 402.81M | 277.27M | 242.22M | 190.61M | 227.63M |
| Accounts Receivable | 122.49M | 60.72M | 52.95M | 52.63M | 65.43M | 55.10M |
| Other Receivables | 3.69M | 6.27M | 13.25M | |||
| Receivables | 122.49M | 64.40M | 59.22M | 65.88M | 65.43M | 55.10M |
| Inventory | 110.92M | 91.34M | 106.03M | 106.58M | 101.41M | 67.32M |
| Other Current Assets | 13.59M | 28.82M | 20.51M | 5.69M | 5.15M | 6.71M |
| Total Current Assets | 760.14M | 587.36M | 463.03M | 420.37M | 362.60M | 356.76M |
| Property, Plant & Equipment | 177.99M | 147.69M | 152.71M | 157.69M | 166.01M | 115.97M |
| Long-Term Investments | 2.46M | 2.64M | 2.53M | 2.62M | 2.64M | |
| Other Intangible Assets | 19.25M | 20.62M | 192.00K | 258.00K | 332.00K | |
| Long-Term Deferred Tax Assets | 23.44M | 27.46M | 261.00K | 296.00K | 280.00K | 208.00K |
| Other Long-Term Assets | 20.05M | 1.60M | 1.86M | 13.81M | 5.13M | 1.29M |
| Total Assets | 981.62M | 785.83M | 641.12M | 594.89M | 536.90M | 477.20M |
| Accounts Payable | 24.33M | 12.29M | 8.74M | 12.10M | 22.21M | 21.19M |
| Accrued Expenses | 39.78M | 18.53M | 18.36M | 18.77M | 20.63M | 18.08M |
| Current Portion of Leases | 1.73M | 1.57M | 1.72M | 1.86M | 1.45M | 1.55M |
| Current Income Taxes Payable | 208.00K | 904.00K | 59.00K | 746.00K | 72.00K | 66.00K |
| Current Unearned Revenue | 418.00K | 3.43M | 5.31M | 3.16M | 13.20M | 7.91M |
| Other Current Liabilities | 28.60M | 27.64M | 7.53M | 7.00M | 292.00K | |
| Total Current Liabilities | 66.47M | 65.32M | 61.82M | 44.17M | 64.55M | 49.09M |
| Long-Term Leases | 5.43M | 5.61M | 5.62M | 6.36M | 7.01M | 3.23M |
| Long-Term Unearned Revenue | 1.02M | 145.00K | 413.00K | |||
| Other Long-Term Liabilities | 3.14M | 3.09M | 3.39M | 2.23M | 862.00K | 569.00K |
| Total Liabilities | 75.05M | 74.02M | 70.83M | 53.78M | 72.56M | 53.30M |
| Common Stock | 578.00K | 578.00K | 570.00K | 563.00K | 559.00K | 557.00K |
| Additional Paid-In Capital | 517.67M | 462.23M | 407.62M | 383.83M | 360.37M | 345.66M |
| Retained Earnings | 555.12M | 421.36M | 302.80M | 296.67M | 243.08M | 217.63M |
| Treasury Stock | -165.91M | -170.94M | -139.42M | -138.93M | -138.93M | -138.93M |
| Comprehensive Income & Other | -1.17M | -1.67M | -1.50M | -1.27M | -988.00K | -1.33M |
| Total Common Equity | 906.28M | 711.56M | 570.07M | 540.87M | 464.09M | 423.60M |
| Minority Interest | 295.00K | 259.00K | 220.00K | 237.00K | 248.00K | 306.00K |
| Shareholders' Equity | 906.58M | 711.82M | 570.29M | 541.11M | 464.34M | 423.90M |
| Total Liabilities & Equity | 981.62M | 785.83M | 641.12M | 594.89M | 536.90M | 477.20M |
| Total Debt | 7.16M | 7.18M | 7.34M | 8.23M | 8.46M | 4.78M |
| Net Cash (Debt) | 505.98M | 395.63M | 269.94M | 233.99M | 182.15M | 222.86M |
| Net Cash Per Share | 10.72 | 8.70 | 5.98 | 5.20 | 4.06 | 4.96 |
| Filing Date Shares Outstanding | 46.15M | 45.37M | 45.18M | 44.48M | 44.12M | 43.93M |
| Total Common Shares Outstanding | 46.14M | 45.26M | 45.17M | 44.46M | 44.08M | 43.91M |
| Working Capital | 693.67M | 522.04M | 401.21M | 376.20M | 298.06M | 307.67M |
| Book Value Per Share | 19.64 | 15.72 | 12.62 | 12.16 | 10.53 | 9.65 |
| Tangible Book Value | 906.28M | 692.30M | 549.45M | 540.68M | 463.83M | 423.27M |
| Tangible Book Value Per Share | 19.64 | 15.30 | 12.16 | 12.16 | 10.52 | 9.64 |
| Land | 3.60M | 3.60M | 3.60M | 3.60M | 3.60M | |
| Buildings | 88.67M | 86.50M | 82.86M | 73.52M | 50.14M | |
| Machinery | 317.41M | 313.25M | 296.43M | 286.32M | 257.75M | |
| Construction In Progress | 7.94M | 8.23M | 17.72M | 52.94M | 48.09M | |
| Order Backlog | 176.94M | 155.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 180.29M | 118.56M | 6.13M | 53.59M | 25.45M | 56.62M |
| Depreciation & Amortization | 20.10M | 19.42M | 18.63M | 17.24M | 13.78M | 11.71M |
| Other Amortization | 1.37M | 1.37M | ||||
| Loss (Gain) From Sale of Assets | -78.00K | 839.00K | ||||
| Loss (Gain) From Sale of Investments | -26.00K | -3.00K | -4.00K | |||
| Stock-Based Compensation | 17.74M | 16.79M | 15.30M | 12.87M | 10.26M | 7.04M |
| Provision & Write-off of Bad Debts | 7.00K | 43.00K | 5.00K | |||
| Other Operating Activities | -52.76M | -27.05M | 20.76M | 2.02M | 6.80M | -489.00K |
| Change in Accounts Receivable | -69.31M | -7.76M | -483.00K | 12.64M | -10.59M | -14.30M |
| Change in Inventory | 14.71M | 14.71M | 457.00K | -5.24M | -34.20M | -10.13M |
| Change in Accounts Payable | 2.61M | 2.61M | -1.84M | -11.15M | 4.40M | 2.50M |
| Change in Unearned Revenue | -417.00K | -417.00K | 340.00K | -8.22M | 5.48M | 1.47M |
| Change in Income Taxes | 845.00K | 845.00K | -684.00K | 674.00K | 6.00K | -73.00K |
| Change in Other Net Operating Assets | -18.99M | -368.00K | -7.76M | 53.00K | 1.56M | 107.00K |
| Operating Cash Flow | 96.07M | 139.55M | 50.84M | 74.53M | 22.94M | 54.44M |
| Capital Expenditures | -45.24M | -20.32M | -23.60M | -33.45M | -63.97M | -47.76M |
| Sale of Property, Plant & Equipment | 78.00K | |||||
| Investment in Securities | 3.00M | 45.00M | 4.10M | |||
| Other Investing Activities | 19.51M | |||||
| Investing Cash Flow | -22.65M | -20.32M | -23.60M | -33.45M | -18.97M | -43.66M |
| Issuance of Common Stock | 79.65M | 41.49M | 8.49M | 10.60M | 4.44M | 10.24M |
| Repurchase of Common Stock | -2.20M | -35.17M | -497.00K | |||
| Other Financing Activities | -153.00K | |||||
| Financing Cash Flow | 77.45M | 6.32M | 7.99M | 10.60M | 4.44M | 10.09M |
| Foreign Exchange Rate Adjustments | -115.00K | -18.00K | -179.00K | -70.00K | -219.00K | -197.00K |
| Net Cash Flow | 150.75M | 125.53M | 35.05M | 51.61M | 8.19M | 20.68M |
| Free Cash Flow | 50.83M | 119.23M | 27.24M | 41.08M | -41.03M | 6.68M |
| Free Cash Flow Margin | 9.06% | 29.24% | 7.59% | 10.14% | -10.28% | 1.86% |
| Free Cash Flow Per Share | 1.08 | 2.62 | 0.60 | 0.91 | -0.91 | 0.15 |
| Levered Free Cash Flow | 5.52M | 49.28M | 32.50M | 1.81M | -46.17M | -9.71M |
| Unlevered Free Cash Flow | 5.52M | 49.28M | 32.50M | 1.81M | -46.17M | -9.71M |
| Cash Income Tax Paid | 4.86M | 4.86M | 4.30M | 4.15M | 1.26M | 645.00K |
| Change in Working Capital | -70.55M | 9.62M | -9.98M | -11.24M | -33.35M | -20.43M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 8.82B | 4.89B | 2.18B | 2.00B | 2.37B | 5.56B |
| Enterprise Value | 8.31B | 4.54B | 1.92B | 1.78B | 2.17B | 5.33B |
| Last Close Price | 191.09 | 109.60 | 48.32 | 44.94 | 53.75 | 126.98 |
| PE Ratio | 50.03 | 41.28 | 355.83 | 37.27 | 93.04 | 98.15 |
| Forward PE | 34.98 | 69.51 | 64.00 | 39.42 | 57.49 | 58.79 |
| PS Ratio | 15.73 | 12.00 | 6.07 | 4.93 | 5.93 | 15.46 |
| PB Ratio | 9.73 | 6.88 | 3.82 | 3.69 | 5.10 | 13.11 |
| P/TBV Ratio | 9.73 | 7.07 | 3.97 | 3.69 | 5.10 | 13.13 |
| P/FCF Ratio | 173.49 | 41.05 | 80.06 | 48.63 | 831.62 | |
| P/OCF Ratio | 91.79 | 35.07 | 42.90 | 26.80 | 103.21 | 102.08 |
| PEG Ratio | 1.17 | 2.32 | 2.56 | 1.58 | 1.09 | 2.94 |
| EV/Sales Ratio | 14.83 | 11.13 | 5.35 | 4.39 | 5.45 | 14.84 |
| EV/EBITDA Ratio | 49.98 | 72.18 | 50.80 | 25.92 | 45.81 | 79.25 |
| EV/EBIT Ratio | 56.84 | 104.42 | 100.14 | 34.63 | 64.53 | 95.94 |
| EV/FCF Ratio | 163.54 | 38.07 | 70.52 | 43.29 | 798.18 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Debt / EBITDA Ratio | 0.04 | 0.11 | 0.18 | 0.12 | 0.17 | 0.07 |
| Debt / FCF Ratio | 0.14 | 0.06 | 0.27 | 0.20 | 0.71 | |
| Net Debt / Equity Ratio | -0.56 | -0.56 | -0.47 | -0.43 | -0.39 | -0.53 |
| Net Debt / EBITDA Ratio | -3.04 | -6.29 | -7.14 | -3.41 | -3.84 | -3.31 |
| Net Debt / FCF Ratio | -9.95 | -3.32 | -9.91 | -5.70 | 4.44 | -33.35 |
| Asset Turnover | 0.66 | 0.57 | 0.58 | 0.72 | 0.79 | 0.82 |
| Inventory Turnover | 2.18 | 1.96 | 1.65 | 1.92 | 2.59 | 2.91 |
| Quick Ratio | 9.56 | 7.15 | 5.44 | 6.97 | 3.97 | 5.76 |
| Current Ratio | 11.44 | 8.99 | 7.49 | 9.52 | 5.62 | 7.27 |
| Return on Equity (ROE) | 23.47% | 18.50% | 1.10% | 10.66% | 5.73% | 14.61% |
| Return on Assets (ROA) | 10.80% | 3.81% | 1.94% | 5.67% | 4.15% | 7.96% |
| Return on Invested Capital (ROIC) | 37.06% | 14.10% | 3.70% | 15.51% | 12.36% | 32.14% |
| Return on Capital Employed (ROCE) | 16.00% | 6.00% | 3.30% | 9.30% | 7.10% | 13.00% |
| Earnings Yield | 2.00% | 2.42% | 0.28% | 2.68% | 1.07% | 1.02% |
| FCF Yield | 0.58% | 2.44% | 1.25% | 2.06% | -1.73% | 0.12% |
| Buyback Yield / Dilution | -3.96% | -0.62% | -0.36% | -0.24% | 0.16% | -2.50% |