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Side-by-side financial comparison of PUMA BIOTECHNOLOGY, INC. (PBYI) 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 $75.5M, roughly 1.5× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 20.2%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 14.7%).

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

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

PBYI vs VICR — Head-to-Head

Bigger by revenue
VICR
VICR
1.5× larger
VICR
$113.0M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+7.5% gap
PBYI
27.7%
20.2%
VICR
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
14.7%
VICR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PBYI
PBYI
VICR
VICR
Revenue
$75.5M
$113.0M
Net Profit
$20.7M
Gross Margin
69.3%
Operating Margin
22.7%
59.7%
Net Margin
18.3%
Revenue YoY
27.7%
20.2%
Net Profit YoY
713.9%
EPS (diluted)
$0.26
$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
PBYI
PBYI
VICR
VICR
Q1 26
$113.0M
Q4 25
$75.5M
$107.3M
Q3 25
$54.5M
$110.4M
Q2 25
$52.4M
$96.0M
Q1 25
$46.0M
$94.0M
Q4 24
$59.1M
$96.2M
Q3 24
$80.5M
$93.2M
Q2 24
$47.1M
$85.9M
Net Profit
PBYI
PBYI
VICR
VICR
Q1 26
$20.7M
Q4 25
$46.5M
Q3 25
$8.8M
$28.3M
Q2 25
$5.9M
$41.2M
Q1 25
$3.0M
$2.5M
Q4 24
$10.2M
Q3 24
$20.3M
$11.6M
Q2 24
$-4.5M
$-1.2M
Gross Margin
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
69.3%
55.4%
Q3 25
77.7%
57.5%
Q2 25
76.5%
95.9%
Q1 25
77.1%
47.2%
Q4 24
76.4%
52.4%
Q3 24
63.9%
49.1%
Q2 24
77.4%
49.8%
Operating Margin
PBYI
PBYI
VICR
VICR
Q1 26
59.7%
Q4 25
22.7%
14.6%
Q3 25
17.6%
18.9%
Q2 25
12.7%
47.3%
Q1 25
8.7%
-0.2%
Q4 24
22.6%
9.6%
Q3 24
27.4%
5.8%
Q2 24
-4.6%
0.2%
Net Margin
PBYI
PBYI
VICR
VICR
Q1 26
18.3%
Q4 25
43.4%
Q3 25
16.2%
25.6%
Q2 25
11.2%
42.9%
Q1 25
6.5%
2.7%
Q4 24
10.7%
Q3 24
25.2%
12.4%
Q2 24
-9.6%
-1.4%
EPS (diluted)
PBYI
PBYI
VICR
VICR
Q1 26
$0.44
Q4 25
$0.26
$1.01
Q3 25
$0.17
$0.63
Q2 25
$0.12
$0.91
Q1 25
$0.06
$0.06
Q4 24
$0.40
$0.24
Q3 24
$0.41
$0.26
Q2 24
$-0.09
$-0.03

Balance Sheet & Financial Strength

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

Metric
PBYI
PBYI
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$97.5M
$404.2M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$130.3M
$754.1M
Total Assets
$216.3M
$804.9M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PBYI
PBYI
VICR
VICR
Q1 26
$404.2M
Q4 25
$97.5M
$402.8M
Q3 25
$94.4M
$362.4M
Q2 25
$96.0M
$338.5M
Q1 25
$93.2M
$296.1M
Q4 24
$101.0M
$277.3M
Q3 24
$96.7M
$267.6M
Q2 24
$96.8M
$251.9M
Total Debt
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Stockholders' Equity
PBYI
PBYI
VICR
VICR
Q1 26
$754.1M
Q4 25
$130.3M
$711.6M
Q3 25
$115.3M
$630.1M
Q2 25
$104.7M
$608.6M
Q1 25
$97.1M
$580.3M
Q4 24
$92.1M
$570.1M
Q3 24
$71.1M
$554.6M
Q2 24
$48.5M
$537.2M
Total Assets
PBYI
PBYI
VICR
VICR
Q1 26
$804.9M
Q4 25
$216.3M
$785.8M
Q3 25
$202.9M
$710.2M
Q2 25
$194.9M
$693.5M
Q1 25
$196.2M
$665.0M
Q4 24
$213.3M
$641.1M
Q3 24
$220.7M
$632.8M
Q2 24
$205.0M
$613.2M
Debt / Equity
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×

Cash Flow & Capital Efficiency

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

Metric
PBYI
PBYI
VICR
VICR
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
$14.4M
$15.7M
Q3 25
$9.7M
$38.5M
Q2 25
$14.1M
$65.2M
Q1 25
$3.6M
$20.1M
Q4 24
$15.6M
$10.1M
Q3 24
$11.0M
$22.6M
Q2 24
$1.0M
$15.6M
Free Cash Flow
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
$14.4M
$10.2M
Q3 25
$9.7M
$34.5M
Q2 25
$14.1M
$59.0M
Q1 25
$3.6M
$15.6M
Q4 24
$15.6M
$8.4M
Q3 24
$11.0M
$14.1M
Q2 24
$1.0M
$9.4M
FCF Margin
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
19.1%
9.5%
Q3 25
17.7%
31.2%
Q2 25
26.8%
61.5%
Q1 25
7.7%
16.6%
Q4 24
26.4%
8.7%
Q3 24
13.7%
15.2%
Q2 24
2.1%
11.0%
Capex Intensity
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
0.0%
5.2%
Q3 25
0.0%
3.6%
Q2 25
0.0%
6.5%
Q1 25
0.1%
4.8%
Q4 24
0.0%
1.8%
Q3 24
0.0%
9.1%
Q2 24
0.0%
7.2%
Cash Conversion
PBYI
PBYI
VICR
VICR
Q1 26
Q4 25
0.34×
Q3 25
1.10×
1.36×
Q2 25
2.41×
1.58×
Q1 25
1.21×
7.93×
Q4 24
0.99×
Q3 24
0.54×
1.95×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PBYI
PBYI

Segment breakdown not available.

VICR
VICR

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

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