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Side-by-side financial comparison of LTC PROPERTIES INC (LTC) 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 $84.3M, roughly 1.3× LTC PROPERTIES INC). LTC PROPERTIES INC runs the higher net margin — 123.0% vs 18.3%, a 104.7% gap on every dollar of revenue. On growth, LTC PROPERTIES INC posted the faster year-over-year revenue change (60.3% vs 20.2%). Over the past eight quarters, LTC PROPERTIES INC's revenue compounded faster (28.1% CAGR vs 14.7%).

LTC Properties Inc is a U.S.-based real estate investment trust (REIT) that owns, finances, and manages seniors housing and healthcare-related real estate assets. Its core portfolio includes assisted living facilities, skilled nursing properties, memory care centers, and independent living communities for senior care and healthcare service operators.

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.

LTC vs VICR — Head-to-Head

Bigger by revenue
VICR
VICR
1.3× larger
VICR
$113.0M
$84.3M
LTC
Growing faster (revenue YoY)
LTC
LTC
+40.1% gap
LTC
60.3%
20.2%
VICR
Higher net margin
LTC
LTC
104.7% more per $
LTC
123.0%
18.3%
VICR
Faster 2-yr revenue CAGR
LTC
LTC
Annualised
LTC
28.1%
14.7%
VICR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LTC
LTC
VICR
VICR
Revenue
$84.3M
$113.0M
Net Profit
$103.7M
$20.7M
Gross Margin
Operating Margin
59.7%
Net Margin
123.0%
18.3%
Revenue YoY
60.3%
20.2%
Net Profit YoY
429.1%
713.9%
EPS (diluted)
$2.19
$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.

Revenue
LTC
LTC
VICR
VICR
Q1 26
$113.0M
Q4 25
$84.3M
$107.3M
Q3 25
$69.3M
$110.4M
Q2 25
$60.2M
$96.0M
Q1 25
$49.0M
$94.0M
Q4 24
$52.6M
$96.2M
Q3 24
$55.8M
$93.2M
Q2 24
$50.1M
$85.9M
Net Profit
LTC
LTC
VICR
VICR
Q1 26
$20.7M
Q4 25
$103.7M
$46.5M
Q3 25
$-20.0M
$28.3M
Q2 25
$15.1M
$41.2M
Q1 25
$20.7M
$2.5M
Q4 24
$19.6M
$10.2M
Q3 24
$29.4M
$11.6M
Q2 24
$19.4M
$-1.2M
Gross Margin
LTC
LTC
VICR
VICR
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%
Operating Margin
LTC
LTC
VICR
VICR
Q1 26
59.7%
Q4 25
14.6%
Q3 25
71.9%
18.9%
Q2 25
80.5%
47.3%
Q1 25
37.8%
-0.2%
Q4 24
9.6%
Q3 24
95.5%
5.8%
Q2 24
38.0%
0.2%
Net Margin
LTC
LTC
VICR
VICR
Q1 26
18.3%
Q4 25
123.0%
43.4%
Q3 25
-28.9%
25.6%
Q2 25
25.1%
42.9%
Q1 25
42.2%
2.7%
Q4 24
37.3%
10.7%
Q3 24
52.6%
12.4%
Q2 24
38.6%
-1.4%
EPS (diluted)
LTC
LTC
VICR
VICR
Q1 26
$0.44
Q4 25
$2.19
$1.01
Q3 25
$-0.44
$0.63
Q2 25
$0.32
$0.91
Q1 25
$0.45
$0.06
Q4 24
$0.38
$0.24
Q3 24
$0.66
$0.26
Q2 24
$0.44
$-0.03

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LTC
LTC
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$14.4M
$404.2M
Total DebtLower is stronger
$842.2M
Stockholders' EquityBook value
$1.1B
$754.1M
Total Assets
$2.1B
$804.9M
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTC
LTC
VICR
VICR
Q1 26
$404.2M
Q4 25
$14.4M
$402.8M
Q3 25
$17.9M
$362.4M
Q2 25
$7.6M
$338.5M
Q1 25
$23.3M
$296.1M
Q4 24
$9.4M
$277.3M
Q3 24
$35.0M
$267.6M
Q2 24
$6.2M
$251.9M
Total Debt
LTC
LTC
VICR
VICR
Q1 26
Q4 25
$842.2M
Q3 25
$944.5M
Q2 25
$696.5M
Q1 25
$682.2M
Q4 24
$684.6M
Q3 24
$785.3M
Q2 24
$861.0M
Stockholders' Equity
LTC
LTC
VICR
VICR
Q1 26
$754.1M
Q4 25
$1.1B
$711.6M
Q3 25
$957.9M
$630.1M
Q2 25
$957.5M
$608.6M
Q1 25
$961.9M
$580.3M
Q4 24
$960.6M
$570.1M
Q3 24
$947.8M
$554.6M
Q2 24
$889.1M
$537.2M
Total Assets
LTC
LTC
VICR
VICR
Q1 26
$804.9M
Q4 25
$2.1B
$785.8M
Q3 25
$2.0B
$710.2M
Q2 25
$1.8B
$693.5M
Q1 25
$1.8B
$665.0M
Q4 24
$1.8B
$641.1M
Q3 24
$1.9B
$632.8M
Q2 24
$1.9B
$613.2M
Debt / Equity
LTC
LTC
VICR
VICR
Q1 26
Q4 25
0.78×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.71×
Q4 24
0.71×
Q3 24
0.83×
Q2 24
0.97×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LTC
LTC
VICR
VICR
Operating Cash FlowLast quarter
$136.0M
Free Cash FlowOCF − Capex
$128.7M
FCF MarginFCF / Revenue
152.7%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
1.31×
TTM Free Cash FlowTrailing 4 quarters
$220.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTC
LTC
VICR
VICR
Q1 26
Q4 25
$136.0M
$15.7M
Q3 25
$38.4M
$38.5M
Q2 25
$30.0M
$65.2M
Q1 25
$29.6M
$20.1M
Q4 24
$125.9M
$10.1M
Q3 24
$34.0M
$22.6M
Q2 24
$37.0M
$15.6M
Free Cash Flow
LTC
LTC
VICR
VICR
Q1 26
Q4 25
$128.7M
$10.2M
Q3 25
$34.3M
$34.5M
Q2 25
$28.9M
$59.0M
Q1 25
$28.2M
$15.6M
Q4 24
$112.2M
$8.4M
Q3 24
$27.7M
$14.1M
Q2 24
$34.7M
$9.4M
FCF Margin
LTC
LTC
VICR
VICR
Q1 26
Q4 25
152.7%
9.5%
Q3 25
49.4%
31.2%
Q2 25
47.9%
61.5%
Q1 25
57.6%
16.6%
Q4 24
213.4%
8.7%
Q3 24
49.7%
15.2%
Q2 24
69.1%
11.0%
Capex Intensity
LTC
LTC
VICR
VICR
Q1 26
Q4 25
8.6%
5.2%
Q3 25
6.0%
3.6%
Q2 25
1.9%
6.5%
Q1 25
2.7%
4.8%
Q4 24
26.0%
1.8%
Q3 24
11.2%
9.1%
Q2 24
4.6%
7.2%
Cash Conversion
LTC
LTC
VICR
VICR
Q1 26
Q4 25
1.31×
0.34×
Q3 25
1.36×
Q2 25
1.99×
1.58×
Q1 25
1.43×
7.93×
Q4 24
6.43×
0.99×
Q3 24
1.16×
1.95×
Q2 24
1.91×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

LTC
LTC

Seniors Housing Operating Portfolio Segment$72.1M86%
Other$12.2M14%

VICR
VICR

Product revenue$98.0M87%
Royalty revenue$15.0M13%

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