Vicor Corporation (VICR) Key Metrics
VICR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.83B
- Enterprise value
- $12.61B
- P/E (TTM)
- 61.2 10-yr median 97.8
- Forward P/E
- 47.2
- PEG ratio
- —
- Price / sales
- 18.6 10-yr median 6.1
- Price / book
- 14.8 10-yr median 6.5
- EV / EBITDA
- 115.1 10-yr median 64.6
- Dividend yield
- —
- Beta
- 2.38
VICR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVICR valuation Price multiples at each fiscal year-end price.
VICR returns How much profit the business earns on the capital it uses.
VICR per-share figures Results divided by the shares outstanding at year-end.
VICR financial health Debt, liquidity and how easily interest is covered.
VICR efficiency & capital use Working capital cycle and where the cash goes.
VICR valuation history
VICR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VICR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VICR cash returned to shareholders
VICR price vs earnings per share
VICR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.92B | $2.18B | $2.02B | $2.41B | $5.71B | $4.05B | $1.95B | $1.54B | $834.6M | $586.5M |
| Enterprise value | $4.53B | $1.91B | $1.79B | $2.23B | $5.49B | $3.84B | $1.87B | $1.47B | $790.4M | $530.3M |
| P/E ratio | 41.5 | 356.1 | 37.7 | 94.8 | 100.8 | 225.9 | 138.1 | 48.5 | — | — |
| Price / sales | 12.1 | 6.1 | 5.0 | 6.0 | 15.9 | 13.6 | 7.4 | 5.3 | 3.7 | 2.9 |
| Price / book | 6.9 | 3.8 | 3.7 | 5.2 | 13.5 | 11.5 | 9.5 | 8.4 | 6.1 | 4.5 |
| Price / free cash flow | 41.3 | 80.1 | 49.2 | — | 801.9 | 664.4 | 200.3 | 85.7 | — | — |
| Price / operating cash flow | 35.3 | 42.9 | 27.1 | 105.2 | 104.0 | 116.4 | 87.7 | 42.6 | — | — |
| EV / sales | 11.1 | 5.3 | 4.4 | 5.6 | 15.3 | 12.9 | 7.1 | 5.0 | 3.5 | 2.6 |
| EV / EBITDA | 39.3 | 51.9 | 23.1 | 47.0 | 80.1 | 135.0 | 77.3 | 35.2 | 104.9 | 249.7 |
| EV / free cash flow | 38.0 | 70.2 | 43.5 | — | 770.6 | 630.4 | 192.0 | 81.8 | — | — |
| Earnings yield | 2.4% | 0.3% | 2.6% | 1.1% | 1.0% | 0.4% | 0.7% | 2.1% | 0.0% | −1.1% |
| Free cash flow yield | 2.4% | 1.2% | 2.0% | −1.7% | 0.1% | 0.2% | 0.5% | 1.2% | −1.8% | −1.3% |
| Dividend yield | — | — | — | — | — | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $109.60 | $48.32 | $44.94 | $53.75 | $126.98 | $92.22 | $46.72 | $37.79 | $20.90 | $15.10 |
| Per share | ||||||||||
| Revenue per share | $9.07 | $7.95 | $9.00 | $8.89 | $7.99 | $6.76 | $6.31 | $7.15 | $5.71 | $5.16 |
| Earnings per share | $2.64 | $0.14 | $1.19 | $0.57 | $1.26 | $0.41 | $0.34 | $0.78 | $0.00 | −$0.16 |
| Operating cash flow per share | $3.11 | $1.13 | $1.66 | $0.51 | $1.22 | $0.79 | $0.53 | $0.89 | −$0.06 | $0.01 |
| Free cash flow per share | $2.65 | $0.60 | $0.91 | −$0.91 | $0.16 | $0.14 | $0.23 | $0.44 | −$0.38 | −$0.20 |
| Cash per share | $8.97 | $6.14 | $5.38 | $4.25 | $5.06 | $4.83 | $2.03 | $1.73 | $1.11 | $1.45 |
| Book value per share | $15.84 | $12.62 | $12.02 | $10.34 | $9.42 | $8.00 | $4.93 | $4.51 | $3.41 | $3.37 |
| Tangible book value per share | $15.83 | $12.62 | $12.01 | $10.33 | $9.41 | $7.99 | $4.92 | $4.49 | $3.39 | $3.35 |
| Dividends per share | — | — | — | — | — | $0.00 | $0.00 | — | $0.00 | $0.00 |
| Capex per share | $0.45 | $0.52 | $0.74 | $1.42 | $1.06 | $0.65 | $0.30 | $0.45 | $0.31 | $0.22 |
| Debt per share | $0.28 | $0.16 | $0.18 | $0.19 | $0.11 | $0.10 | $0.10 | — | $0.00 | $0.00 |
| Shares outstanding | 44.9M | 45.2M | 45.0M | 44.9M | 45.0M | 43.9M | 41.7M | 40.7M | 39.9M | 38.8M |
| Change in shares outstanding | −0.5% | +0.4% | +0.2% | −0.2% | +2.5% | +5.3% | +2.3% | +2.0% | +2.8% | −0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.5% | 1.1% | 10.7% | 5.7% | 14.6% | 6.4% | 7.2% | 19.8% | 0.1% | −4.7% |
| Return on invested capital (ROIC) | 11.8% | −0.3% | 15.5% | 10.0% | 32.2% | 12.5% | 11.0% | 30.2% | −1.3% | −6.8% |
| Return on assets (ROA) | 16.6% | 1.0% | 9.5% | 5.0% | 13.0% | 5.6% | 6.1% | 16.4% | 0.1% | −4.0% |
| Return on tangible assets | 15.1% | 1.0% | 9.0% | 4.7% | 11.9% | 4.5% | 5.9% | 14.4% | 0.1% | −4.1% |
| Free cash flow margin | 29.2% | 7.6% | 10.1% | −10.3% | 2.0% | 2.1% | 3.7% | 6.2% | −6.6% | −3.9% |
| Income quality (OCF / net income) | 1.18 | 8.30 | 1.39 | 0.90 | 0.97 | 1.94 | 1.58 | 1.14 | −14.75 | — |
| Financial health | ||||||||||
| Total debt | $12.8M | $7.3M | $8.2M | $8.5M | $4.8M | $4.6M | $4.4M | — | $0 | $0 |
| Cash & short-term investments | $402.8M | $277.3M | $242.2M | $190.6M | $227.6M | $211.9M | $84.7M | $70.6M | $44.2M | $56.2M |
| Net debt | −$390.0M | −$269.9M | −$234.0M | −$182.2M | −$222.9M | −$207.3M | −$80.3M | −$70.6M | −$44.2M | −$56.2M |
| Debt / equity | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | — | 0.00 | 0.00 |
| Debt / assets | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | — | 0.00 | 0.00 |
| Net debt / EBITDA | −3.38 | −7.33 | −3.02 | −3.84 | −3.25 | −7.29 | −3.32 | −1.69 | −5.87 | −26.45 |
| Current ratio | 8.99 | 7.49 | 9.52 | 5.62 | 7.27 | 7.82 | 5.98 | 4.59 | 4.24 | 5.03 |
| Quick ratio | 7.59 | 5.77 | 7.10 | 4.05 | 5.90 | 6.41 | 4.34 | 3.27 | 2.94 | 3.81 |
| Interest coverage | — | — | — | 18.1 | 4.3 | 1.4 | 1.2 | — | — | — |
| Working capital | $522.0M | $401.2M | $376.2M | $298.1M | $307.7M | $276.4M | $149.1M | $129.1M | $90.8M | $89.5M |
| Invested capital | $321.5M | $300.1M | $306.9M | $281.9M | $200.7M | $143.5M | $125.3M | $113.1M | $91.9M | $74.6M |
| Tangible asset value | $711.7M | $570.1M | $540.9M | $464.1M | $423.6M | $350.7M | $205.4M | $183.5M | $135.7M | $130.2M |
| Net current asset value | $513.3M | $392.2M | $366.6M | $290.0M | $303.5M | $271.8M | $144.2M | $128.1M | $89.5M | $88.7M |
| Graham number | $30.66 | $6.21 | $17.95 | $11.48 | $16.34 | $8.57 | $6.13 | $8.89 | $0.57 | — |
| Graham net-net per share | $9.35 | $6.62 | $6.25 | $4.85 | $5.54 | $5.16 | $2.47 | $2.21 | $1.48 | $1.69 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | $0 | $139,000 | — | $0 | $0 |
| Share buybacks (net) | $35.2M | $497,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividend payout ratio | — | — | — | — | — | 0.0% | 1.0% | — | 0.0% | — |
| Dividends + buybacks / free cash flow | 29.5% | 1.8% | 0.0% | — | 0.0% | 0.0% | 1.4% | 0.0% | — | — |
| Capex / revenue | 5.0% | 6.6% | 8.3% | 16.0% | 13.3% | 9.7% | 4.7% | 6.3% | 5.5% | 4.2% |
| Capex / operating cash flow | 14.6% | 46.4% | 44.9% | 278.9% | 87.0% | 82.5% | 56.2% | 50.3% | — | 1,549.3% |
| Capex / depreciation | 0.98 | 1.27 | 1.94 | 4.64 | 4.08 | 2.59 | 1.21 | 1.97 | 1.41 | 1.00 |
| Stock-based compensation / revenue | 4.1% | 4.3% | 3.2% | 2.6% | 2.0% | 2.0% | 1.2% | 1.2% | 0.8% | 0.3% |
| R&D / revenue | 19.3% | 19.2% | 16.8% | 15.2% | 14.8% | 17.2% | 17.7% | 15.2% | 19.7% | 20.9% |
| SG&A / revenue | 24.3% | 26.7% | 21.2% | 21.6% | 19.3% | 21.3% | 23.8% | 21.4% | 25.5% | 27.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 50.9 | 53.7 | 53.2 | 55.1 | 48.8 | 48.7 | 56.8 | 49.0 | 47.8 | 46.7 |
| Days of inventory on hand | 186.4 | 221.6 | 189.7 | 140.9 | 125.5 | 117.7 | 125.9 | 100.5 | 92.0 | 84.6 |
| Days payables outstanding | 19.9 | 21.7 | 31.3 | 36.2 | 35.6 | 25.6 | 32.8 | 30.2 | 24.1 | 25.2 |
| Cash conversion cycle (days) | 217.4 | 253.6 | 211.6 | 159.8 | 138.7 | 140.8 | 149.8 | 119.3 | 115.8 | 106.1 |
| Receivables turnover | 7.17 | 6.80 | 6.86 | 6.62 | 7.48 | 7.50 | 6.43 | 7.45 | 7.63 | 7.82 |
| Payables turnover | 18.38 | 16.80 | 11.67 | 10.07 | 10.26 | 14.28 | 11.13 | 12.08 | 15.15 | 14.49 |
| Inventory turnover | 1.96 | 1.65 | 1.92 | 2.59 | 2.91 | 3.10 | 2.90 | 3.63 | 3.97 | 4.31 |
| Asset turnover | 0.57 | 0.58 | 0.72 | 0.79 | 0.82 | 0.93 | 1.14 | 1.51 | 1.42 | 1.29 |
| Average receivables | $56.8M | $52.8M | $59.0M | $60.3M | $48.0M | $39.6M | $40.9M | $39.1M | $29.9M | $25.6M |
| Average payables | $10.5M | $10.4M | $17.2M | $21.7M | $17.7M | $11.6M | $12.6M | $12.6M | $8.3M | $7.5M |
| Average inventory | $98.7M | $106.3M | $104.0M | $84.4M | $62.3M | $53.2M | $48.3M | $41.9M | $31.8M | $25.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.3% | 0.4% | 0.5% |
Computed from VICR's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VICR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Vicor traded at 41.5 times earnings, against a 10-year median of 97.8. Based on the latest twelve months, the trailing P/E is 61.2 and the forward P/E is 47.2. Vicor earned a return on equity of 18.5% and a return on invested capital of 11.8% in fiscal 2025. It ended the year with $12.8 million of debt and $402.8 million in cash and short-term investments, a net cash position of $390.0 million. It returned $35.2 million to shareholders: $0 in dividends and $35.2 million in share buybacks, 30% of free cash flow. The share count rose 15.7% from 38.8M to 44.9M over 9 years.
See the VICR income statement, the VICR chart for price history, or the VICR stock overview for the latest quote and news.
VICR key metrics FAQ
What is Vicor's P/E ratio?
Vicor's trailing P/E ratio is 61.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 47.2. At the end of fiscal 2025 it was 41.5, compared with a 10-year median of 97.8.
What is Vicor's EV/EBITDA?
Vicor's enterprise value was 39.3 times EBITDA at the end of fiscal 2025 (enterprise value $4.5 billion, EBITDA $115.4 million); the current EV/EBITDA is 115.1.
What is Vicor's return on equity?
Vicor's return on equity (ROE) was 18.5% in fiscal 2025: net income of $118.6 million on average shareholders' equity of $640.8 million.
What is Vicor's ROIC?
Vicor's return on invested capital was 11.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Vicor have?
Vicor had total debt of $12.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.02 and more cash than debt.
Does Vicor buy back its shares?
Yes. Vicor spent $35.2 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.5% over the year, to 44.9M..
What is Vicor's free cash flow yield?
Vicor generated $119.2 million of free cash flow in fiscal 2025, a free cash flow yield of 2.4% on its market value at year-end ($4.9 billion).
What is Vicor's current ratio?
Vicor's current ratio was 8.99 at the end of fiscal 2025: current assets were 8.99 times current liabilities.