Vicor Corporation
VICR Technology Electronic Components
Vicor Corporation’s revenue for fiscal 2025 (year ended December 2025) was $452.7 million, up 26.1% from fiscal 2024. In the quarter to June 2026, revenue grew 1.63%, EPS grew 17.4% and free cash flow fell 61.1%, each against the same quarter a year earlier.
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Vicor Corporation (VICR) Altman Z-score
Vicor Corporation's Altman Z-score for fiscal 2025 is 42.48, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 42.48 | 22.13 |
| FY2024 | 20.35 | (4.29) |
| FY2023 | 24.64 | 2.88 |
| FY2022 | 21.77 | (43.18) |
| FY2021 | 64.95 | 10.87 |
| FY2020 | 54.07 | 18.78 |
| FY2019 | 35.29 | 7.53 |
| FY2018 | 27.76 | 8.18 |
| FY2017 | 19.58 | 1.60 |
| FY2016 | 17.98 | 5.10 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.66 | — | 0.80 | |
| Retained earnings / total assets | 0.54 | — | 0.75 | |
| EBIT / total assets | 0.10 | — | 0.34 | |
| Market value of equity / total liabilities | 66.69 | — | 40.02 | |
| Sales / total assets | 0.58 | — | 0.58 | |
| Altman Z-score | Safe zone | 42.48 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 16.90 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| VICR Vicor Corporation | 42.5× |
| OLED Universal Display Corporation compare | 18.6× |
| FN Fabrinet compare | 11.3× |
| PLXS Plexus Corp. compare | 4.1× |
| LFUS Littelfuse, Inc. compare | 4.0× |
| TTMI TTM Technologies, Inc. compare | 3.7× |
| JBL Jabil, Inc. compare | 2.6× |
| SANM Sanmina Corporation compare | 2.5× |
| RAL Ralliant Corporation compare | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets