Vicor Corp. (VICR) intrinsic value & 10-year financials
Vicor Corp. (VICR) has a Graham intrinsic value of $86.69 per share. At $191.50 on Oct 17, 2026, the stock trades 121% above that value. Over the last 10 fiscal years revenue grew 8.2% a year to $407.7M, with an average return on invested capital of 12.0%.
- Graham intrinsic value
- $86.69
- Share price (Oct 17, 2026)
- $191.50
- Price vs Graham value
- 121% above
- Market cap
- $8.7B
- Revenue (FY2025)
- $407.7M
- Revenue growth (10-yr CAGR)
- 8.2%
- ROIC (10-yr avg)
- 12.0%
- Free cash flow (FY2025)
- $119.2M
VICR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $407.7M | $118.6M | $2.61 | $119.2M | 20.1% | 26.7% |
| FY2024 | $359.1M | $6.1M | $0.14 | $27.2M | -0.4% | -0.3% |
| FY2023 | $405.1M | $53.6M | $1.19 | $41.1M | 12.7% | 15.6% |
| FY2022 | $399.1M | $25.4M | $0.57 | -$41.0M | 6.8% | 9.2% |
| FY2021 | $359.4M | $56.6M | $1.26 | $6.7M | 15.5% | 25.4% |
| FY2020 | $296.6M | $17.9M | $0.41 | $5.9M | 5.9% | 10.7% |
| FY2019 | $263.0M | $14.1M | $0.34 | $9.7M | 5.3% | 11.1% |
| FY2018 | $291.2M | $31.7M | $0.78 | $18.0M | 11.0% | 27.4% |
| FY2017 | $227.8M | $167.0K | $0.00 | -$15.0M | -0.6% | -0.5% |
| FY2016 | $200.3M | -$6.2M | -$0.16 | -$7.9M | -3.2% | -4.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VICOR CORP is a consistent compounder, expanding top-line revenue at 8.2% annually over the past decade.
VICOR CORP returns on capital have been average, hovering around 12.0% ROIC over the decade.
VICOR CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VICOR CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $86.69 per share.