Vicor Corporation
Rank #207HypergrowthVICR · Nasdaq · Technology
Vicor Corporation (VICR) — Rank #207 by gross profitability (GP/assets 0.32) · ROE 15.7% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · 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
- Website
- vicorpower.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$8.21B
P/E (annual)
68.2
P/S (annual)
18.1
P/B
10.9
P/OCF (annual)
58.8
Shareholder Yield
-0.6%
Employees
1,092
Industry
Electronic Components
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
24.4%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 0.6% — per-share value needs a total required return of 25.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 23.6%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
19.2%
r = 10% (base)
24.4%
r = 12%
29.0%
Net debt / market cap: -5.0%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.32
Primary signal (Novy-Marx).
62nd pctl of 43 SIC 36 peers
Return on equity
15.7%
Gross margin
57.3%
90th pctl of 43 SIC 36 peers
Revenue growth (YoY)
26.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| 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)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.07
100th pctl of 41 SIC 36 peers (best = lowest)
Current ratio
14.30×
98th pctl of 43 SIC 36 peers
Quick ratio
11.25×
Net cash
$406.75M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$119.23M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.01
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
3.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).