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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and VICOR CORP (VICR). Click either name above to swap in a different company.
VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $104.4M, roughly 1.1× AMPCO PITTSBURGH CORP). VICOR CORP runs the higher net margin — 18.3% vs -55.2%, a 73.5% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 11.5%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
AP vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $113.0M |
| Net Profit | $-57.7M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | -54.0% | 59.7% |
| Net Margin | -55.2% | 18.3% |
| Revenue YoY | 11.5% | 20.2% |
| Net Profit YoY | -1958.9% | 713.9% |
| EPS (diluted) | $-2.87 | $0.44 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $113.0M | ||
| Q4 25 | $104.4M | $107.3M | ||
| Q3 25 | $103.7M | $110.4M | ||
| Q2 25 | $108.9M | $96.0M | ||
| Q1 25 | $99.2M | $94.0M | ||
| Q4 24 | $93.6M | $96.2M | ||
| Q3 24 | $92.1M | $93.2M | ||
| Q2 24 | $107.1M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $-57.7M | $46.5M | ||
| Q3 25 | $-2.2M | $28.3M | ||
| Q2 25 | $-7.3M | $41.2M | ||
| Q1 25 | $1.1M | $2.5M | ||
| Q4 24 | $3.1M | $10.2M | ||
| Q3 24 | $-2.0M | $11.6M | ||
| Q2 24 | $2.0M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 55.4% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 95.9% | ||
| Q1 25 | — | 47.2% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 49.1% | ||
| Q2 24 | — | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | -54.0% | 14.6% | ||
| Q3 25 | 1.1% | 18.9% | ||
| Q2 25 | -2.8% | 47.3% | ||
| Q1 25 | 3.9% | -0.2% | ||
| Q4 24 | 5.5% | 9.6% | ||
| Q3 24 | 2.0% | 5.8% | ||
| Q2 24 | 4.7% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | -55.2% | 43.4% | ||
| Q3 25 | -2.1% | 25.6% | ||
| Q2 25 | -6.7% | 42.9% | ||
| Q1 25 | 1.2% | 2.7% | ||
| Q4 24 | 3.3% | 10.7% | ||
| Q3 24 | -2.1% | 12.4% | ||
| Q2 24 | 1.9% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $-2.87 | $1.01 | ||
| Q3 25 | $-0.11 | $0.63 | ||
| Q2 25 | $-0.36 | $0.91 | ||
| Q1 25 | $0.06 | $0.06 | ||
| Q4 24 | $0.16 | $0.24 | ||
| Q3 24 | $-0.10 | $0.26 | ||
| Q2 24 | $0.10 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.7M | $404.2M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $754.1M |
| Total Assets | $495.4M | $804.9M |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $10.7M | $402.8M | ||
| Q3 25 | $15.0M | $362.4M | ||
| Q2 25 | $9.9M | $338.5M | ||
| Q1 25 | $7.1M | $296.1M | ||
| Q4 24 | $15.4M | $277.3M | ||
| Q3 24 | $11.8M | $267.6M | ||
| Q2 24 | $7.9M | $251.9M |
| Q1 26 | — | — | ||
| Q4 25 | $117.9M | — | ||
| Q3 25 | $119.0M | — | ||
| Q2 25 | $115.9M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $32.6M | $711.6M | ||
| Q3 25 | $60.1M | $630.1M | ||
| Q2 25 | $62.7M | $608.6M | ||
| Q1 25 | $64.6M | $580.3M | ||
| Q4 24 | $58.9M | $570.1M | ||
| Q3 24 | $61.3M | $554.6M | ||
| Q2 24 | $58.0M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $495.4M | $785.8M | ||
| Q3 25 | $524.4M | $710.2M | ||
| Q2 25 | $537.2M | $693.5M | ||
| Q1 25 | $536.2M | $665.0M | ||
| Q4 24 | $530.9M | $641.1M | ||
| Q3 24 | $547.4M | $632.8M | ||
| Q2 24 | $560.8M | $613.2M |
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.7M | — |
| Free Cash FlowOCF − Capex | $-64.0K | — |
| FCF MarginFCF / Revenue | -0.1% | — |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7M | $15.7M | ||
| Q3 25 | $6.3M | $38.5M | ||
| Q2 25 | $-2.3M | $65.2M | ||
| Q1 25 | $-5.3M | $20.1M | ||
| Q4 24 | $7.5M | $10.1M | ||
| Q3 24 | $11.4M | $22.6M | ||
| Q2 24 | $-5.3M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-64.0K | $10.2M | ||
| Q3 25 | $3.3M | $34.5M | ||
| Q2 25 | $-3.8M | $59.0M | ||
| Q1 25 | $-7.5M | $15.6M | ||
| Q4 24 | $3.7M | $8.4M | ||
| Q3 24 | $8.4M | $14.1M | ||
| Q2 24 | $-8.0M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | 9.5% | ||
| Q3 25 | 3.2% | 31.2% | ||
| Q2 25 | -3.5% | 61.5% | ||
| Q1 25 | -7.5% | 16.6% | ||
| Q4 24 | 4.0% | 8.7% | ||
| Q3 24 | 9.1% | 15.2% | ||
| Q2 24 | -7.5% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 5.2% | ||
| Q3 25 | 2.9% | 3.6% | ||
| Q2 25 | 1.3% | 6.5% | ||
| Q1 25 | 2.2% | 4.8% | ||
| Q4 24 | 4.0% | 1.8% | ||
| Q3 24 | 3.2% | 9.1% | ||
| Q2 24 | 2.5% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.58× | ||
| Q1 25 | -4.62× | 7.93× | ||
| Q4 24 | 2.40× | 0.99× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | -2.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
