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Vicor (VICR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Vicor
NasdaqGS•Technology•Electronic Components
$197.00+20.96(0.12%)Market open
Market Cap
$9.53B
P/E
52.9x
P/S
17.0x
P/B
10.5x

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.

B

How this company scores

GoodMetricSide Score: 74/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (11/25).

Profitability25/25
Growth23/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality11/25
Strengths
Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 52.9x5y range 26.4x – 417.4x
P/E 52.9x · near its 20-quarter median

Currently near its 20-quarter median.

P/S · 17.0x5y range 4.0x – 35.5x
P/S 17.0x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 10.5x5y range 2.8x – 20.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume
Market Cap $9.53B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$560.70M
7Q
Q. Revenue
$197.11M
3Q
TTM EBITDA
$171.48M
63%
TTM Op. Income
$139.59M
85%
Q. Op. Income
$72.15M
3Q
TTM Net Income
$180.29M
7Q
Q. Net Income
$63.32M
2Q
EPS
$1.37
2Q
Shares Out.
$46.13M
4Q
$560.70M in TTM revenue grew 41.4% YoY, reaching $197.11M last quarter. TTM EBITDA of $171.48M and TTM operating income of $139.59M show growth is flowing through to the bottom line. TTM net income of $180.29M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
68.3%
2Q
EBITDA Margin
39.4%
2Q
Op. Margin
36.6%
3Q
Net Margin
32.1%
25%
Op. margin of 36.6% is up 17.7% YoY — cost efficiency is improving. Net margin at 32.1% and gross margin of 68.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
52.9x
101%
P/S Ratio
17.0x
211%
P/B Ratio
10.5x
206%
At 52.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 17.0x and P/B of 10.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 101% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$981.62M
7Q
Cash
$513.14M
7Q
Long-Term Debt
N/A
Book Value
$906.28M
7Q
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$50.17M
2Q
TTM Free Cash Flow
$50.83M
3Q
FCF Margin
9.1%
4Q
FCF / Net Income
0.3
7Q
TTM FCF of $50.83M on $50.17M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.

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P/B 10.5x
· above its 20-quarter median

Currently above its 20-quarter median.

Share Dilution

Watch

Shares outstanding rose 2.1% — mild dilution. Compare to earnings growth to assess the net per-share impact.