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Vicor Corporation

Rank #251HypergrowthWatchlistCompare with other stocks

VICR · Nasdaq · Technology

Vicor Corporation (VICR) — Rank #251 by gross profitability (GP/assets 0.26) · ROE 13.1% · Piotroski F-Score 7 / 9.

As-of 2026-10-30 · CIK 0000751978 · all metrics point-in-time as of the filing date.

About

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.

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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.

Industry
Electronic Components
Sector
Technology
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

1,092

Industry

Electronic Components

Exchange

Nasdaq

12/12

Flags passed

VICR passes 12/12 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Sequential beat (rev + EPS)

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.26
Return on equity
13.1%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.08
Current ratio
11.43×
Net cash
$513.14M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
3.7%

Growth

2/2 pass
Revenue growth
26.1%
Piotroski F-Score
7 / 9
Share dilution
0.6%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 57th percentile of 47 SIC 36 peers

Gross profitability (GP / assets)

0.26

Primary signal (Novy-Marx).

57th pctl of 47 SIC 36 peers

Return on equity

13.1%

Gross margin

57.3%

83rd pctl of 47 SIC 36 peers

Revenue growth (YoY)

26.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

4.3%

Revenue CAGR (5Y)

8.8%

Earnings CAGR (3Y)

67.0%

FCF CAGR (3Y)

—

Cash Flow Health

Is the cash real?

No warning flags · FCF 1% above net income

Free cash flow

$119.23M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

0.6%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

3.7%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $513.14M, F-Score 7/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.08

100th pctl of 45 SIC 36 peers (best = lowest)

Current ratio

11.43×

96th pctl of 47 SIC 36 peers

Quick ratio

9.56×

Net cash

$513.14M

Cash & equivalents minus total debt.

Piotroski F-Score

7 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

3.3 / 5

Good
Share count trend
0.6%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
16.0%5/5 Strong

Lifecycle Phase History

20202025
Op. Leverage
Hypergrowth
Value
Decline

Price History

VICR+76.0% · +11.9% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports