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Side-by-side financial comparison of P10, Inc. (PX) 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 $81.0M, roughly 1.4× P10, Inc.). VICOR CORP runs the higher net margin — 18.3% vs 11.7%, a 6.6% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs -4.7%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs 10.7%).
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
PX vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $81.0M | $113.0M |
| Net Profit | $9.5M | $20.7M |
| Gross Margin | — | — |
| Operating Margin | 31.9% | 59.7% |
| Net Margin | 11.7% | 18.3% |
| Revenue YoY | -4.7% | 20.2% |
| Net Profit YoY | 79.0% | 713.9% |
| EPS (diluted) | $0.08 | $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 | $81.0M | $107.3M | ||
| Q3 25 | $75.9M | $110.4M | ||
| Q2 25 | $72.7M | $96.0M | ||
| Q1 25 | $67.7M | $94.0M | ||
| Q4 24 | $85.0M | $96.2M | ||
| Q3 24 | $74.2M | $93.2M | ||
| Q2 24 | $71.1M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $9.5M | $46.5M | ||
| Q3 25 | $2.1M | $28.3M | ||
| Q2 25 | $3.4M | $41.2M | ||
| Q1 25 | $4.5M | $2.5M | ||
| Q4 24 | $5.3M | $10.2M | ||
| Q3 24 | $1.4M | $11.6M | ||
| Q2 24 | $7.0M | $-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 | 31.9% | 14.6% | ||
| Q3 25 | 14.1% | 18.9% | ||
| Q2 25 | 24.4% | 47.3% | ||
| Q1 25 | 16.6% | -0.2% | ||
| Q4 24 | 26.9% | 9.6% | ||
| Q3 24 | 11.9% | 5.8% | ||
| Q2 24 | 23.7% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 11.7% | 43.4% | ||
| Q3 25 | 2.8% | 25.6% | ||
| Q2 25 | 4.7% | 42.9% | ||
| Q1 25 | 6.7% | 2.7% | ||
| Q4 24 | 6.2% | 10.7% | ||
| Q3 24 | 1.9% | 12.4% | ||
| Q2 24 | 9.8% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.08 | $1.01 | ||
| Q3 25 | $0.02 | $0.63 | ||
| Q2 25 | $0.03 | $0.91 | ||
| Q1 25 | $0.04 | $0.06 | ||
| Q4 24 | $0.05 | $0.24 | ||
| Q3 24 | $0.01 | $0.26 | ||
| Q2 24 | $0.06 | $-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 | $28.2M | $404.2M |
| Total DebtLower is stronger | $373.2M | — |
| Stockholders' EquityBook value | $403.5M | $754.1M |
| Total Assets | $928.3M | $804.9M |
| Debt / EquityLower = less leverage | 0.93× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | $28.2M | $402.8M | ||
| Q3 25 | $40.0M | $362.4M | ||
| Q2 25 | $33.4M | $338.5M | ||
| Q1 25 | $74.4M | $296.1M | ||
| Q4 24 | $67.5M | $277.3M | ||
| Q3 24 | $61.5M | $267.6M | ||
| Q2 24 | $31.2M | $251.9M |
| Q1 26 | — | — | ||
| Q4 25 | $373.2M | — | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | — | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $403.5M | $711.6M | ||
| Q3 25 | $396.8M | $630.1M | ||
| Q2 25 | $388.9M | $608.6M | ||
| Q1 25 | $374.3M | $580.3M | ||
| Q4 24 | $386.9M | $570.1M | ||
| Q3 24 | $394.1M | $554.6M | ||
| Q2 24 | $396.9M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $928.3M | $785.8M | ||
| Q3 25 | $936.0M | $710.2M | ||
| Q2 25 | $932.2M | $693.5M | ||
| Q1 25 | $877.4M | $665.0M | ||
| Q4 24 | $869.3M | $641.1M | ||
| Q3 24 | $857.0M | $632.8M | ||
| Q2 24 | $823.2M | $613.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.76× | — |
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 | $23.0M | — |
| Free Cash FlowOCF − Capex | $18.1M | — |
| FCF MarginFCF / Revenue | 22.3% | — |
| Capex IntensityCapex / Revenue | 6.0% | — |
| Cash ConversionOCF / Net Profit | 2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.0M | $15.7M | ||
| Q3 25 | $-8.6M | $38.5M | ||
| Q2 25 | $13.4M | $65.2M | ||
| Q1 25 | $-4.7M | $20.1M | ||
| Q4 24 | $101.0M | $10.1M | ||
| Q3 24 | $27.5M | $22.6M | ||
| Q2 24 | $34.8M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $18.1M | $10.2M | ||
| Q3 25 | $-9.5M | $34.5M | ||
| Q2 25 | $11.6M | $59.0M | ||
| Q1 25 | $-6.0M | $15.6M | ||
| Q4 24 | $96.6M | $8.4M | ||
| Q3 24 | $25.2M | $14.1M | ||
| Q2 24 | $33.9M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 22.3% | 9.5% | ||
| Q3 25 | -12.6% | 31.2% | ||
| Q2 25 | 15.9% | 61.5% | ||
| Q1 25 | -8.9% | 16.6% | ||
| Q4 24 | 113.6% | 8.7% | ||
| Q3 24 | 34.0% | 15.2% | ||
| Q2 24 | 47.7% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.0% | 5.2% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 2.5% | 6.5% | ||
| Q1 25 | 1.9% | 4.8% | ||
| Q4 24 | 5.2% | 1.8% | ||
| Q3 24 | 3.0% | 9.1% | ||
| Q2 24 | 1.3% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.43× | 0.34× | ||
| Q3 25 | -4.01× | 1.36× | ||
| Q2 25 | 3.96× | 1.58× | ||
| Q1 25 | -1.05× | 7.93× | ||
| Q4 24 | 19.12× | 0.99× | ||
| Q3 24 | 19.54× | 1.95× | ||
| Q2 24 | 4.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
