15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 6.6% per year over the past 5 years.
Net income has grown faster than revenue (45.9% vs 6.6% per year).
Operating margin has expanded, at 20.1% in the latest year.
Free cash flow has grown 81.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$408M
$119M
63.6%
20.1%
16.7%
15.1%
$119M
—
$403M
2024
$359M
$6M
51.2%
-0.4%
1.1%
1.0%
$27M
—
$277M
2023
$405M
$54M
50.6%
12.7%
9.9%
9.0%
$41M
—
$242M
2022
$399M
$25M
45.2%
6.8%
5.5%
4.7%
-$41M
—
$191M
2021
$359M
$57M
49.6%
15.5%
13.4%
11.9%
$7M
—
$182M
2020
$297M
$18M
44.3%
5.9%
5.1%
4.5%
$6M
—
$162M
2019
$263M
$14M
46.8%
5.3%
6.9%
5.9%
$10M
—
$85M
2018
$291M
$32M
47.7%
11.0%
17.3%
14.4%
$18M
—
$71M
2017
$228M
$167000
44.6%
-0.6%
0.1%
0.1%
-$15M
—
$44M
2016
$200M
-$6M
45.5%
-3.2%
-4.8%
-4.1%
-$8M
—
$56M
2015
—
$5M
—
—
3.6%
3.1%
—
—
$63M
2014
—
-$14M
—
—
-10.9%
-8.9%
—
—
$55M
2013
—
-$24M
—
—
-17.0%
-14.3%
-$11M
—
$56M
2012
—
-$4M
—
—
-2.3%
-2.0%
$10M
—
$85M
2011
—
$9M
—
—
4.9%
4.2%
$19M
—
$72M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$197M
$63M
68.3%
36.6%
7.0%
6.5%
$34M
—
$513M
Jun '26
$143M
$50M
58.0%
24.3%
6.0%
5.6%
$23M
—
$454M
Mar '26
$113M
$21M
55.2%
14.9%
2.7%
2.6%
-$16M
—
$404M
Dec '25
$107M
$47M
55.4%
14.6%
6.5%
5.9%
$10M
—
$403M
Sep '25
$110M
$28M
57.5%
18.9%
4.5%
4.0%
$34M
—
$362M
Jun '25
$96M
$41M
95.9%
47.3%
6.8%
5.9%
$59M
—
$339M
Mar '25
$94M
$3M
47.2%
-0.2%
0.4%
0.4%
$16M
—
$296M
Dec '24
$96M
$10M
52.4%
9.6%
1.8%
1.6%
$8M
—
$277M
Sep '24
$93M
$12M
49.1%
5.8%
2.1%
1.8%
$14M
—
$268M
Jun '24
$86M
-$1M
49.8%
0.2%
-0.2%
-0.2%
$9M
—
$252M
Mar '24
$84M
-$14M
53.8%
-19.2%
-2.7%
-2.4%
-$5M
—
$239M
Dec '23
$93M
$9M
51.1%
7.9%
1.6%
1.5%
$14M
—
$242M
Sep '23
$108M
$17M
51.8%
14.6%
3.1%
2.8%
$16M
—
$228M
Jun '23
$107M
$17M
51.7%
16.7%
3.4%
3.1%
$11M
—
$204M
Mar '23
$98M
$11M
47.6%
10.7%
2.3%
2.1%
$24000
—
$193M
Dec '22
$105M
$8M
46.6%
7.7%
1.7%
1.5%
-$12M
—
$191M
Sep '22
$103M
$2M
45.5%
2.9%
0.4%
0.3%
-$8M
—
$182M
Jun '22
$102M
$11M
45.8%
11.1%
2.4%
2.1%
-$3M
—
$188M
Mar '22
$88M
$5M
42.6%
5.4%
1.2%
1.0%
-$18M
—
$191M
Dec '21
$90M
$9M
45.2%
9.9%
2.1%
1.9%
-$3M
—
$182M
Valuation over time
How the market has priced VICR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 85.2× (Mar '23) to 68.1× (Nov '26).
The price-to-sales ratio has risen from 5.4× (Mar '23) to 19.8× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is VICR growing its revenue and profit?
Over the past 5 years, Vicor's revenue has grown 6.6% per year, and net income grown 45.9% per year. These are computed facts, not advice.
How much debt does VICR have?
As of FY2025, Vicor reported — of total debt against $403M of cash.
What is VICR's profit margin?
In FY2025, gross margin was 63.6%, operating margin 20.1%, and net margin 29.1%.
What is VICR's P/E ratio?
Vicor's P/E (TTM) is 44.77 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VICR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 68.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.