A Business at a Glance
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VICOR CORP
VICR
$9.6B
Mkt Cap
$211.01
-8.80%
VICOR CORP (VICR) has a current P/E ratio of 80.8, compared to its historical median P/E of 48.1. The stock is currently considered Expensive based on its historical valuation range.
VICOR CORP (VICR) has a 5-year average return on invested capital (ROIC) of 17.3%. This indicates strong capital allocation and a potential competitive advantage.
VICOR CORP (VICR) has a market capitalization of $10.0B. It is classified as a mid-cap stock.
VICOR CORP (VICR) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.35%.
Based on historical P/E analysis, VICOR CORP (VICR) appears expensive. The current P/E of 80.8 is 68% above its historical median of 48.1. The estimated fair value CAGR (P/E method) is 7.1%.
VICOR CORP (VICR) operates in the Electronic Components, Nec industry, within the Technology sector.
VICOR CORP (VICR) reported annual revenue of $453 million in its most recent fiscal year, based on SEC EDGAR filings.
VICOR CORP operates in the Electronic Components, Nec industry, Technology sector. Full business description from SEC filing not yet available.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Product Revenue | — | $396M | $389M | $312M | $350M | 43% |
Direct Customers, Contract Manufacturers and Non-stocking Distributors | $283M | $320M | $277M | $202M | $235M | 29% |
Stocking distributors, net of sales allowances | $63M | $66M | $96M | $104M | $109M | 13% |
Royalty Revenue | — | $3M | $16M | $47M | $57M | 7% |
Royalties | $2M | $3M | $16M | $47M | $57M | 7% |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 472M | 453M | 359M | 405M | 399M | 359M |
| Net Income | 137M | 119M | 6.1M | 54M | 25M | 57M |
| EPS | $3.00 | $2.61 | $0.14 | $1.19 | $0.57 | $4.82 |
| Free Cash Flow | 87M | 119M | 27M | 41M | -41M | 6.7M |
| ROIC | 34.5% | 26.9% | 1.1% | 15.7% | 10.1% | 32.6% |
| Gross Margin | 58.8% | 57.3% | 51.2% | 50.6% | 45.2% | 49.6% |
| Debt/Equity | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 99M | 82M | -1.3M | 51M | 27M | 56M |
| Operating Margin | 21.0% | 18.1% | -0.4% | 12.7% | 6.8% | 15.5% |
| ROE | 18.1% | 18.5% | 1.1% | 10.7% | 5.7% | 14.6% |
| Shares Outstanding | 47M | 45M | 44M | 45M | 45M | 12M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 226M | 220M | 200M | 228M | 291M | 263M | 297M | 359M | 399M | 405M | 359M | 453M | 472M |
| Gross Margin | 43.0% | 45.2% | 45.5% | 44.6% | 47.7% | 46.8% | 44.3% | 49.6% | 45.2% | 50.6% | 51.2% | 57.3% | 58.8% |
| R&D | 41M | 41M | 42M | 45M | 44M | 47M | 51M | 53M | 61M | 68M | 69M | 79M | 81M |
| SG&A | 68M | 58M | 56M | 58M | 62M | 63M | 63M | 69M | 86M | 86M | 97M | 99M | 97M |
| EBIT | -15M | -267K | -6.3M | -1.4M | 32M | 14M | 17M | 56M | 27M | 51M | -1.3M | 82M | 99M |
| Op. Margin | -6.5% | -0.1% | -3.2% | -0.6% | 11.0% | 5.3% | 5.9% | 15.5% | 6.8% | 12.7% | -0.4% | 18.1% | 21.0% |
| Net Income | -14M | 4.9M | -6.2M | 167K | 32M | 14M | 18M | 57M | 25M | 54M | 6.1M | 119M | 137M |
| Net Margin | -6.2% | 2.2% | -3.1% | 0.1% | 10.9% | 5.4% | 6.0% | 15.8% | 6.4% | 13.2% | 1.7% | 26.2% | 29.0% |
| Non-Recurring | 2.2M | 2.3M | 2.2M | 14K | 57K | 38K | 13K | -72K | 0 | 0 | 0 | -839K | -839K |
| Returns on Capital | |||||||||||||
| ROIC | -10.4% | 3.7% | -4.7% | 0.1% | 30.2% | 11.0% | 12.8% | 32.6% | 10.1% | 15.7% | 1.1% | 26.9% | 34.5% |
| ROE | -10.4% | 3.7% | -4.7% | 0.1% | 19.8% | 7.2% | 6.4% | 14.6% | 5.7% | 10.7% | 1.1% | 18.5% | 18.1% |
| ROA | -8.6% | 3.1% | -4.0% | 0.1% | 16.4% | 6.1% | 5.6% | 13.0% | 5.0% | 9.5% | 1.0% | 16.6% | 17.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 2.2M | 11M | 544K | -2.5M | 36M | 22M | 35M | 54M | 23M | 75M | 51M | 140M | 115M |
| Free Cash Flow | -4.9M | 2.4M | -7.9M | -15M | 18M | 9.7M | 6.1M | 6.7M | -41M | 41M | 27M | 119M | 87M |
| Owner Earnings | -9.2M | 543K | -8.4M | -13M | 24M | 8.8M | 18M | 36M | -1.1M | 44M | 17M | 102M | 78M |
| CapEx | 7.1M | 9.1M | 8.4M | 13M | 18M | 12M | 29M | 48M | 64M | 33M | 24M | 20M | 28M |
| Maint. CapEx | 9.8M | 9.1M | 8.4M | 8.9M | 9.3M | 10M | 11M | 12M | 14M | 17M | 19M | 21M | 21M |
| Growth CapEx | 0 | 0 | 0 | 3.7M | 9.0M | 2.2M | 18M | 36M | 50M | 16M | 5.0M | 0 | 7.2M |
| D&A | 9.8M | 9.1M | 8.4M | 8.9M | 9.3M | 10M | 11M | 12M | 14M | 17M | 19M | 21M | 21M |
| CapEx/OCF | 325.3% | 79.3% | 1549.3% | N/A | 50.3% | 56.2% | 82.5% | 87.7% | 278.9% | 44.9% | 46.4% | 14.6% | 24.4% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.7M | 250K | 750K | 0 | 632K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 1.0% | 0.1% | 0.2% | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 497K | 35M | 35M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.7% | 0.4% |
| Stock-Based Comp | 1.6M | 1.8M | 506K | 1.7M | 3.4M | 3.0M | 5.9M | 7.0M | 10M | 13M | 15M | 17M | 16M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | -70M | -80M | -207M | -223M | -182M | -234M | -270M | -395M | -404M |
| Cash & Equiv. | 55M | 63M | 56M | 44M | 71M | 85M | 162M | 182M | 191M | 242M | 277M | 403M | 404M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.20 | 0.16 | 0.18 | 0.22 | 0.00 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | 182.8 | 59.8 | 20.7 | 6.3 | -0.1 | 6.7 | 6.7 |
| Equity | 128M | 135M | 131M | 136M | 184M | 206M | 351M | 424M | 464M | 541M | 570M | 712M | 754M |
| Total Assets | 156M | 158M | 154M | 166M | 221M | 241M | 396M | 477M | 537M | 595M | 641M | 786M | 805M |
| Total Liabilities | 25M | 21M | 23M | 29M | 37M | 35M | 45M | 53M | 73M | 54M | 71M | 74M | 51M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 95M | 100M | 93M | 94M | 129M | 143M | 161M | 218M | 243M | 297M | 303M | 421M | 442M |
| Working Capital | 90M | 95M | 90M | 91M | 129M | 149M | 276M | 308M | 298M | 376M | 401M | 522M | 558M |
| Current Assets | 113M | 116M | 112M | 119M | 165M | 179M | 317M | 357M | 363M | 420M | 463M | 587M | 599M |
| Current Liabilities | 23M | 21M | 22M | 28M | 36M | 30M | 41M | 49M | 65M | 44M | 62M | 65M | 42M |
| Per Share Data | |||||||||||||
| EPS | -0.36 | 0.13 | -0.16 | 0.00 | 0.78 | 0.34 | 0.41 | 4.82 | 0.57 | 1.19 | 0.14 | 2.61 | 3.00 |
| Owner EPS | -0.24 | 0.01 | -0.22 | -0.33 | 0.58 | 0.21 | 0.41 | 3.04 | -0.02 | 0.99 | 0.39 | 2.24 | 1.66 |
| Book Value | 3.31 | 3.56 | 3.35 | 3.41 | 4.52 | 4.96 | 8.03 | 36.03 | 10.40 | 12.01 | 13.02 | 15.66 | 15.95 |
| Cash Flow/Share | 0.06 | 0.30 | 0.01 | -0.06 | 0.89 | 0.54 | 0.80 | 4.63 | 0.51 | 1.65 | 1.16 | 3.07 | 3.34 |
| Dividends/Share | 0.10 | 0.01 | 0.02 | N/A | 0.02 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 38.6M | 37.9M | 39.0M | 39.9M | 40.7M | 41.5M | 43.7M | 11.8M | 44.6M | 45.0M | 43.8M | 45.4M | 47.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 71.9 | N/A | N/A | 48.1 | 134.1 | 228.4 | 99.6 | 89.9 | 38.8 | 356.3 | 42.5 | 70.4 |
| P/FCF | N/A | 149.1 | N/A | N/A | 85.0 | 194.4 | 671.7 | 220.8 | N/A | 50.6 | 80.2 | 42.3 | 114.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 96.8 |
| Price/Book | 3.8 | 2.6 | 4.7 | 6.2 | 8.3 | 9.2 | 11.7 | 13.3 | 4.9 | 3.8 | 3.8 | 7.1 | 13.2 |
| Price/Sales | 1.7 | 2.1 | 2.1 | 3.3 | 5.3 | 5.4 | 9.8 | 13.9 | 7.7 | 6.0 | 4.9 | 5.8 | 21.1 |
| FCF Yield | -1.0% | 0.7% | -1.3% | -1.8% | 1.2% | 0.5% | 0.1% | 0.1% | -1.8% | 2.0% | 1.2% | 2.4% | 0.9% |
| Market Cap | 490M | 354M | 615M | 850M | 1.5B | 1.9B | 4.1B | 5.6B | 2.3B | 2.1B | 2.2B | 5.0B | 10.0B |
| Avg. Price | 9.86 | 11.91 | 10.76 | 18.58 | 37.91 | 34.40 | 66.52 | 110.86 | 68.58 | 53.82 | 40.13 | 57.31 | 211.01 |
| Year-End Price | 12.70 | 9.35 | 15.75 | 21.15 | 37.52 | 45.61 | 93.63 | 125.48 | 51.26 | 46.17 | 49.88 | 111.02 | 211.01 |
VICOR CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
VICOR CORP trades at 80.8x trailing earnings, compared to its 15-year median P/E of 48.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 59.5x vs a median of 65.4x. The company's 5-year average ROIC is 17.3% with a gross margin of 50.8%. Total shareholder yield (buybacks) is 0.4%. At current prices, the estimated annualized return to fair value is +43.5%.
VICOR CORP (VICR) has a net profit margin of 26.2%. This is a strong margin indicating high profitability.
VICOR CORP (VICR) generated $119 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
VICOR CORP (VICR) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
VICOR CORP (VICR) reported earnings per share (EPS) of $2.61 in its most recent fiscal year.
VICOR CORP (VICR) has a return on equity (ROE) of 18.5%. This indicates the company generates strong returns for shareholders.
VICOR CORP (VICR) has a 5-year average gross margin of 50.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for VICOR CORP (VICR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
VICOR CORP (VICR) has a book value per share of $15.66, based on its most recent annual SEC filing.
No recent press releases.