Vicor (VICR)
Market Price (12/17/2025): $94.3 | Market Cap: $4.2 BilSector: Industrials | Industry: Electrical Components & Equipment
Vicor (VICR)
Market Price (12/17/2025): $94.3Market Cap: $4.2 BilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% | Stock price has recently run up significantly6M Rtn6 month market price return is 111% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% | Key risksVICR key risks include [1] significant revenue volatility due to its dependence on a small number of high-volume customers, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% | |
| Attractive yieldFCF Yield is 5.3% | |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Datacenter Power. Themes include AI Chips, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27% |
| Attractive yieldFCF Yield is 5.3% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Electric Vehicles & Autonomous Driving, and Datacenter Power. Themes include AI Chips, Show more. |
| Stock price has recently run up significantly6M Rtn6 month market price return is 111% |
| Key risksVICR key risks include [1] significant revenue volatility due to its dependence on a small number of high-volume customers, Show more. |
Valuation, Metrics & Events
VICR Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
1. Strong Earnings Performance: Vicor reported robust financial results, including a significant beat on Q2 2025 earnings with revenue increasing by 64.3% year-over-year and EPS significantly exceeding analyst expectations. The company followed this with strong Q3 2025 results, where product revenues and licensing income rose by 18.5% year-over-year, and EPS outperformed consensus estimates, leading to surges in stock price following both announcements.
2. Patent Litigation Success: A substantial $45 million patent litigation settlement significantly boosted Vicor's Q2 2025 revenue and net income. This success in intellectual property enforcement, stemming from an ITC victory against infringing competitors, underscored the strength of Vicor's IP and contributed to financial gains.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VICR Return | 97% | 38% | -58% | -16% | 8% | 98% | 105% |
| Peers Return | 47% | 42% | -14% | 35% | -9% | 20% | 166% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 110% |
Monthly Win Rates [3] | |||||||
| VICR Win Rate | 83% | 58% | 25% | 33% | 50% | 58% | |
| Peers Win Rate | 70% | 62% | 42% | 63% | 40% | 50% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| VICR Max Drawdown | -30% | -18% | -64% | -32% | -29% | -18% | |
| Peers Max Drawdown | -39% | -5% | -29% | -5% | -18% | -31% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: MPWR, ADI, TXN, ON, MCHP. See VICR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/16/2025 (YTD)
How Low Can It Go
| Event | VICR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -77.7% | -25.4% |
| % Gain to Breakeven | 348.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.0% | -33.9% |
| % Gain to Breakeven | 72.4% | 51.3% |
| Time to Breakeven | 68 days | 148 days |
| 2018 Correction | ||
| % Loss | -57.4% | -19.8% |
| % Gain to Breakeven | 134.8% | 24.7% |
| Time to Breakeven | 303 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -75.2% | -56.8% |
| % Gain to Breakeven | 302.8% | 131.3% |
| Time to Breakeven | 410 days | 1480 days |
Compare to NVT, ENS, BLDP, AVNW, REKR
In The Past
Vicor's stock fell -77.7% during the 2022 Inflation Shock from a high on 11/17/2021. A -77.7% loss requires a 348.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
| Title | Topic | Date | |
|---|---|---|---|
| DASHBOARDS | |||
| Vicor Earnings Notes | |||
| Is Vicor Stock Built to Withstand a Pullback? | Return | ||
| Vicor vs Microsoft: Which Is A Better Investment? | Counter-Intuitive Comparisons | ||
| Vicor vs RTX: Which Is A Better Investment? | Counter-Intuitive Comparisons | ||
| Vicor vs Eaton: Which Is A Better Investment? | Counter-Intuitive Comparisons | ||
| How Does Vicor Stock Stack Up Against Its Peers? | |||
| Better Bet Than VICR Stock: Pay Less Than Vicor To Get More From NVDA, MSFT | |||
| Better Bet Than VICR Stock: Pay Less Than Vicor To Get More From GE, RTX | |||
| Better Bet Than VICR Stock: Pay Less Than Vicor To Get More From ETN, EMR | |||
| VICR Dip Buy Analysis | |||
| ARTICLES | |||
| Why Has Vicor Stock Underperformed The S&P Despite Strong Sales Growth? | July 7th, 2022 | ||
| What’s Happening With Vicor Stock? | March 29th, 2022 | ||
| Here’s Why Vicor Stock Seems To Have Peaked | August 7th, 2020 |
Trade Ideas
Select past ideas related to VICR. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.8% | 19.8% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.2% | 2.2% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.2% | 4.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.5% | 1.5% | 0.0% |
| 11212025 | VICR | Vicor | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 10.8% | 10.8% | 0.0% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.8% | 19.8% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.2% | 2.2% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 4.2% | 4.2% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 1.5% | 1.5% | 0.0% |
| 11212025 | VICR | Vicor | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 10.8% | 10.8% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Vicor
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 135.50 |
| Mkt Cap | 40.6 |
| Rev LTM | 5,200 |
| Op Inc LTM | 812 |
| FCF LTM | 1,055 |
| FCF 3Y Avg | 1,366 |
| CFO LTM | 1,343 |
| CFO 3Y Avg | 1,994 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.4% |
| Rev Chg 3Y Avg | -3.0% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 3.8% |
| Op Mgn LTM | 21.5% |
| Op Mgn 3Y Avg | 25.5% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 32.1% |
| CFO/Rev 3Y Avg | 32.1% |
| FCF/Rev LTM | 24.3% |
| FCF/Rev 3Y Avg | 20.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 40.6 |
| P/S | 9.0 |
| P/EBIT | 46.6 |
| P/E | 30.1 |
| P/CFO | 24.6 |
| Total Yield | 3.6% |
| Dividend Yield | 0.9% |
| FCF Yield 3Y Avg | 2.1% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.9% |
| 3M Rtn | 10.6% |
| 6M Rtn | 13.2% |
| 12M Rtn | 22.9% |
| 3Y Rtn | 44.8% |
| 1M Excs Rtn | 12.9% |
| 3M Excs Rtn | 6.0% |
| 6M Excs Rtn | -0.5% |
| 12M Excs Rtn | 7.9% |
| 3Y Excs Rtn | -30.1% |
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2025 | 30.3% | 36.2% | 29.3% |
| 7/22/2025 | 16.5% | 1.2% | 2.9% |
| 2/20/2025 | 22.8% | 18.9% | 3.4% |
| 10/22/2024 | 13.7% | 8.3% | 24.0% |
| 7/23/2024 | 0.1% | 7.2% | 0.9% |
| 2/22/2024 | -23.8% | -20.5% | -18.8% |
| 10/24/2023 | -26.6% | -27.2% | -28.9% |
| 7/25/2023 | 57.7% | 48.1% | 18.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 11 | 11 |
| # Negative | 8 | 7 | 7 |
| Median Positive | 15.1% | 8.3% | 10.4% |
| Median Negative | -15.3% | -16.0% | -18.8% |
| Max Positive | 57.7% | 48.1% | 42.4% |
| Max Negative | -27.5% | -27.2% | -36.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 3032025 | 10-K 12/31/2024 |
| 9302024 | 10302024 | 10-Q 9/30/2024 |
| 6302024 | 7312024 | 10-Q 6/30/2024 |
| 3312024 | 5012024 | 10-Q 3/31/2024 |
| 12312023 | 2282024 | 10-K 12/31/2023 |
| 9302023 | 11032023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5032023 | 10-Q 3/31/2023 |
| 12312022 | 2282023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 3012022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |