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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and VICOR CORP (VICR). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $113.0M, roughly 1.4× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 4.8%, a 13.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 20.2%). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 14.7%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
PMTS vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $113.0M |
| Net Profit | $7.3M | $20.7M |
| Gross Margin | 31.5% | — |
| Operating Margin | 12.0% | 59.7% |
| Net Margin | 4.8% | 18.3% |
| Revenue YoY | 22.3% | 20.2% |
| Net Profit YoY | 8.5% | 713.9% |
| EPS (diluted) | $0.62 | $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 | $153.1M | $107.3M | ||
| Q3 25 | $138.0M | $110.4M | ||
| Q2 25 | $129.8M | $96.0M | ||
| Q1 25 | $122.8M | $94.0M | ||
| Q4 24 | $125.1M | $96.2M | ||
| Q3 24 | $124.8M | $93.2M | ||
| Q2 24 | $118.8M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $7.3M | $46.5M | ||
| Q3 25 | $2.3M | $28.3M | ||
| Q2 25 | $518.0K | $41.2M | ||
| Q1 25 | $4.8M | $2.5M | ||
| Q4 24 | $6.8M | $10.2M | ||
| Q3 24 | $1.3M | $11.6M | ||
| Q2 24 | $6.0M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 31.5% | 55.4% | ||
| Q3 25 | 29.7% | 57.5% | ||
| Q2 25 | 30.9% | 95.9% | ||
| Q1 25 | 33.2% | 47.2% | ||
| Q4 24 | 34.1% | 52.4% | ||
| Q3 24 | 35.8% | 49.1% | ||
| Q2 24 | 35.7% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 12.0% | 14.6% | ||
| Q3 25 | 9.4% | 18.9% | ||
| Q2 25 | 7.3% | 47.3% | ||
| Q1 25 | 11.5% | -0.2% | ||
| Q4 24 | 12.7% | 9.6% | ||
| Q3 24 | 14.3% | 5.8% | ||
| Q2 24 | 12.5% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 4.8% | 43.4% | ||
| Q3 25 | 1.7% | 25.6% | ||
| Q2 25 | 0.4% | 42.9% | ||
| Q1 25 | 3.9% | 2.7% | ||
| Q4 24 | 5.4% | 10.7% | ||
| Q3 24 | 1.0% | 12.4% | ||
| Q2 24 | 5.1% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.62 | $1.01 | ||
| Q3 25 | $0.19 | $0.63 | ||
| Q2 25 | $0.04 | $0.91 | ||
| Q1 25 | $0.40 | $0.06 | ||
| Q4 24 | $0.56 | $0.24 | ||
| Q3 24 | $0.11 | $0.26 | ||
| Q2 24 | $0.51 | $-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 | $21.7M | $404.2M |
| Total DebtLower is stronger | $286.7M | — |
| Stockholders' EquityBook value | $-17.3M | $754.1M |
| Total Assets | $403.2M | $804.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $21.7M | $402.8M | ||
| Q3 25 | $16.0M | $362.4M | ||
| Q2 25 | $17.1M | $338.5M | ||
| Q1 25 | $31.5M | $296.1M | ||
| Q4 24 | $33.5M | $277.3M | ||
| Q3 24 | $14.7M | $267.6M | ||
| Q2 24 | $7.5M | $251.9M |
| Q1 26 | — | — | ||
| Q4 25 | $286.7M | — | ||
| Q3 25 | $308.4M | — | ||
| Q2 25 | $310.9M | — | ||
| Q1 25 | $280.7M | — | ||
| Q4 24 | $280.4M | — | ||
| Q3 24 | $280.2M | — | ||
| Q2 24 | $269.7M | — |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $-17.3M | $711.6M | ||
| Q3 25 | $-25.7M | $630.1M | ||
| Q2 25 | $-29.0M | $608.6M | ||
| Q1 25 | $-29.7M | $580.3M | ||
| Q4 24 | $-35.6M | $570.1M | ||
| Q3 24 | $-42.8M | $554.6M | ||
| Q2 24 | $-44.6M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $403.2M | $785.8M | ||
| Q3 25 | $407.1M | $710.2M | ||
| Q2 25 | $399.8M | $693.5M | ||
| Q1 25 | $351.9M | $665.0M | ||
| Q4 24 | $349.7M | $641.1M | ||
| Q3 24 | $342.3M | $632.8M | ||
| Q2 24 | $321.4M | $613.2M |
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 | $39.6M | — |
| Free Cash FlowOCF − Capex | $35.2M | — |
| FCF MarginFCF / Revenue | 23.0% | — |
| Capex IntensityCapex / Revenue | 2.9% | — |
| Cash ConversionOCF / Net Profit | 5.39× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $39.6M | $15.7M | ||
| Q3 25 | $10.0M | $38.5M | ||
| Q2 25 | $4.3M | $65.2M | ||
| Q1 25 | $5.6M | $20.1M | ||
| Q4 24 | $26.7M | $10.1M | ||
| Q3 24 | $12.5M | $22.6M | ||
| Q2 24 | $-4.8M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $35.2M | $10.2M | ||
| Q3 25 | $5.3M | $34.5M | ||
| Q2 25 | $533.0K | $59.0M | ||
| Q1 25 | $292.0K | $15.6M | ||
| Q4 24 | $21.6M | $8.4M | ||
| Q3 24 | $11.1M | $14.1M | ||
| Q2 24 | $-6.0M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 23.0% | 9.5% | ||
| Q3 25 | 3.8% | 31.2% | ||
| Q2 25 | 0.4% | 61.5% | ||
| Q1 25 | 0.2% | 16.6% | ||
| Q4 24 | 17.3% | 8.7% | ||
| Q3 24 | 8.9% | 15.2% | ||
| Q2 24 | -5.0% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 5.2% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 2.9% | 6.5% | ||
| Q1 25 | 4.3% | 4.8% | ||
| Q4 24 | 4.0% | 1.8% | ||
| Q3 24 | 1.2% | 9.1% | ||
| Q2 24 | 1.0% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 5.39× | 0.34× | ||
| Q3 25 | 4.32× | 1.36× | ||
| Q2 25 | 8.39× | 1.58× | ||
| Q1 25 | 1.17× | 7.93× | ||
| Q4 24 | 3.94× | 0.99× | ||
| Q3 24 | 9.70× | 1.95× | ||
| Q2 24 | -0.79× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
