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Side-by-side financial comparison of POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) and VICOR CORP (VICR). Click either name above to swap in a different company.
POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $113.0M, roughly 1.7× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 8.4%, a 9.9% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 20.2%). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 14.7%).
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
PSIX vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $191.2M | $113.0M |
| Net Profit | $16.1M | $20.7M |
| Gross Margin | 21.9% | — |
| Operating Margin | 12.7% | 59.7% |
| Net Margin | 8.4% | 18.3% |
| Revenue YoY | 32.5% | 20.2% |
| Net Profit YoY | -31.0% | 713.9% |
| EPS (diluted) | $0.69 | $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 | $191.2M | $107.3M | ||
| Q3 25 | $203.8M | $110.4M | ||
| Q2 25 | $191.9M | $96.0M | ||
| Q1 25 | $135.4M | $94.0M | ||
| Q4 24 | $144.3M | $96.2M | ||
| Q3 24 | $125.8M | $93.2M | ||
| Q2 24 | $110.6M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $16.1M | $46.5M | ||
| Q3 25 | $27.6M | $28.3M | ||
| Q2 25 | $51.2M | $41.2M | ||
| Q1 25 | $19.1M | $2.5M | ||
| Q4 24 | $23.3M | $10.2M | ||
| Q3 24 | $17.3M | $11.6M | ||
| Q2 24 | $21.5M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 21.9% | 55.4% | ||
| Q3 25 | 23.9% | 57.5% | ||
| Q2 25 | 28.2% | 95.9% | ||
| Q1 25 | 29.7% | 47.2% | ||
| Q4 24 | 29.9% | 52.4% | ||
| Q3 24 | 28.9% | 49.1% | ||
| Q2 24 | 31.8% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 12.7% | 14.6% | ||
| Q3 25 | 13.9% | 18.9% | ||
| Q2 25 | 16.9% | 47.3% | ||
| Q1 25 | 18.2% | -0.2% | ||
| Q4 24 | 17.5% | 9.6% | ||
| Q3 24 | 16.3% | 5.8% | ||
| Q2 24 | 22.9% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 8.4% | 43.4% | ||
| Q3 25 | 13.5% | 25.6% | ||
| Q2 25 | 26.7% | 42.9% | ||
| Q1 25 | 14.1% | 2.7% | ||
| Q4 24 | 16.1% | 10.7% | ||
| Q3 24 | 13.8% | 12.4% | ||
| Q2 24 | 19.5% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.69 | $1.01 | ||
| Q3 25 | $1.20 | $0.63 | ||
| Q2 25 | $2.22 | $0.91 | ||
| Q1 25 | $0.83 | $0.06 | ||
| Q4 24 | $1.01 | $0.24 | ||
| Q3 24 | $0.75 | $0.26 | ||
| Q2 24 | $0.94 | $-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 | $41.3M | $404.2M |
| Total DebtLower is stronger | $96.6M | — |
| Stockholders' EquityBook value | $178.6M | $754.1M |
| Total Assets | $424.7M | $804.9M |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $41.3M | $402.8M | ||
| Q3 25 | $49.0M | $362.4M | ||
| Q2 25 | $49.5M | $338.5M | ||
| Q1 25 | $50.0M | $296.1M | ||
| Q4 24 | $55.3M | $277.3M | ||
| Q3 24 | $40.5M | $267.6M | ||
| Q2 24 | $28.8M | $251.9M |
| Q1 26 | — | — | ||
| Q4 25 | $96.6M | — | ||
| Q3 25 | $96.7M | — | ||
| Q2 25 | $1.8M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $184.0K | — | ||
| Q3 24 | $238.0K | — | ||
| Q2 24 | $292.0K | — |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $178.6M | $711.6M | ||
| Q3 25 | $162.5M | $630.1M | ||
| Q2 25 | $135.7M | $608.6M | ||
| Q1 25 | $84.3M | $580.3M | ||
| Q4 24 | $65.3M | $570.1M | ||
| Q3 24 | $42.1M | $554.6M | ||
| Q2 24 | $24.8M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $424.7M | $785.8M | ||
| Q3 25 | $458.9M | $710.2M | ||
| Q2 25 | $437.7M | $693.5M | ||
| Q1 25 | $372.7M | $665.0M | ||
| Q4 24 | $328.2M | $641.1M | ||
| Q3 24 | $339.1M | $632.8M | ||
| Q2 24 | $307.6M | $613.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.60× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | 0.01× | — |
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 | $-4.6M | — |
| Free Cash FlowOCF − Capex | $-7.6M | — |
| FCF MarginFCF / Revenue | -4.0% | — |
| Capex IntensityCapex / Revenue | 1.6% | — |
| Cash ConversionOCF / Net Profit | -0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-4.6M | $15.7M | ||
| Q3 25 | $3.3M | $38.5M | ||
| Q2 25 | $16.7M | $65.2M | ||
| Q1 25 | $8.8M | $20.1M | ||
| Q4 24 | $32.7M | $10.1M | ||
| Q3 24 | $12.6M | $22.6M | ||
| Q2 24 | $1.5M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.6M | $10.2M | ||
| Q3 25 | $1.7M | $34.5M | ||
| Q2 25 | $14.6M | $59.0M | ||
| Q1 25 | $5.4M | $15.6M | ||
| Q4 24 | $30.0M | $8.4M | ||
| Q3 24 | $12.1M | $14.1M | ||
| Q2 24 | $822.0K | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | -4.0% | 9.5% | ||
| Q3 25 | 0.8% | 31.2% | ||
| Q2 25 | 7.6% | 61.5% | ||
| Q1 25 | 4.0% | 16.6% | ||
| Q4 24 | 20.8% | 8.7% | ||
| Q3 24 | 9.7% | 15.2% | ||
| Q2 24 | 0.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.6% | 5.2% | ||
| Q3 25 | 0.8% | 3.6% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | 2.5% | 4.8% | ||
| Q4 24 | 1.8% | 1.8% | ||
| Q3 24 | 0.3% | 9.1% | ||
| Q2 24 | 0.6% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | -0.29× | 0.34× | ||
| Q3 25 | 0.12× | 1.36× | ||
| Q2 25 | 0.33× | 1.58× | ||
| Q1 25 | 0.46× | 7.93× | ||
| Q4 24 | 1.40× | 0.99× | ||
| Q3 24 | 0.73× | 1.95× | ||
| Q2 24 | 0.07× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
