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Side-by-side financial comparison of STRATTEC SECURITY CORP (STRT) and VICOR CORP (VICR). Click either name above to swap in a different company.

STRATTEC SECURITY CORP is the larger business by last-quarter revenue ($137.5M vs $113.0M, roughly 1.2× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 3.6%, a 14.7% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 5.9%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs 7.7%).

STRATTEC Security Corp designs, manufactures and markets mechanical and electronic security access products, including automotive locks, keys, passive entry systems, and trunk release mechanisms. It primarily serves global automotive original equipment manufacturers, heavy-duty vehicle makers, and the automotive aftermarket across North America, Europe and Asia Pacific.

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

STRT vs VICR — Head-to-Head

Bigger by revenue
STRT
STRT
1.2× larger
STRT
$137.5M
$113.0M
VICR
Growing faster (revenue YoY)
VICR
VICR
+14.4% gap
VICR
20.2%
5.9%
STRT
Higher net margin
VICR
VICR
14.7% more per $
VICR
18.3%
3.6%
STRT
Faster 2-yr revenue CAGR
VICR
VICR
Annualised
VICR
14.7%
7.7%
STRT

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
STRT
STRT
VICR
VICR
Revenue
$137.5M
$113.0M
Net Profit
$4.9M
$20.7M
Gross Margin
16.5%
Operating Margin
3.5%
59.7%
Net Margin
3.6%
18.3%
Revenue YoY
5.9%
20.2%
Net Profit YoY
275.1%
713.9%
EPS (diluted)
$1.20
$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
STRT
STRT
VICR
VICR
Q1 26
$113.0M
Q4 25
$137.5M
$107.3M
Q3 25
$152.4M
$110.4M
Q2 25
$152.0M
$96.0M
Q1 25
$144.1M
$94.0M
Q4 24
$129.9M
$96.2M
Q3 24
$139.1M
$93.2M
Q2 24
$85.9M
Net Profit
STRT
STRT
VICR
VICR
Q1 26
$20.7M
Q4 25
$4.9M
$46.5M
Q3 25
$8.5M
$28.3M
Q2 25
$8.3M
$41.2M
Q1 25
$5.4M
$2.5M
Q4 24
$1.3M
$10.2M
Q3 24
$3.7M
$11.6M
Q2 24
$-1.2M
Gross Margin
STRT
STRT
VICR
VICR
Q1 26
Q4 25
16.5%
55.4%
Q3 25
17.3%
57.5%
Q2 25
16.7%
95.9%
Q1 25
16.0%
47.2%
Q4 24
13.2%
52.4%
Q3 24
13.6%
49.1%
Q2 24
49.8%
Operating Margin
STRT
STRT
VICR
VICR
Q1 26
59.7%
Q4 25
3.5%
14.6%
Q3 25
6.9%
18.9%
Q2 25
5.6%
47.3%
Q1 25
4.9%
-0.2%
Q4 24
1.6%
9.6%
Q3 24
3.6%
5.8%
Q2 24
0.2%
Net Margin
STRT
STRT
VICR
VICR
Q1 26
18.3%
Q4 25
3.6%
43.4%
Q3 25
5.6%
25.6%
Q2 25
5.4%
42.9%
Q1 25
3.7%
2.7%
Q4 24
1.0%
10.7%
Q3 24
2.7%
12.4%
Q2 24
-1.4%
EPS (diluted)
STRT
STRT
VICR
VICR
Q1 26
$0.44
Q4 25
$1.20
$1.01
Q3 25
$2.07
$0.63
Q2 25
$2.02
$0.91
Q1 25
$1.32
$0.06
Q4 24
$0.32
$0.24
Q3 24
$0.92
$0.26
Q2 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
STRT
STRT
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$99.0M
$404.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$236.8M
$754.1M
Total Assets
$392.2M
$804.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRT
STRT
VICR
VICR
Q1 26
$404.2M
Q4 25
$99.0M
$402.8M
Q3 25
$90.5M
$362.4M
Q2 25
$84.6M
$338.5M
Q1 25
$62.1M
$296.1M
Q4 24
$42.6M
$277.3M
Q3 24
$34.4M
$267.6M
Q2 24
$251.9M
Stockholders' Equity
STRT
STRT
VICR
VICR
Q1 26
$754.1M
Q4 25
$236.8M
$711.6M
Q3 25
$230.5M
$630.1M
Q2 25
$221.6M
$608.6M
Q1 25
$210.7M
$580.3M
Q4 24
$204.5M
$570.1M
Q3 24
$203.0M
$554.6M
Q2 24
$537.2M
Total Assets
STRT
STRT
VICR
VICR
Q1 26
$804.9M
Q4 25
$392.2M
$785.8M
Q3 25
$390.1M
$710.2M
Q2 25
$391.5M
$693.5M
Q1 25
$387.4M
$665.0M
Q4 24
$355.9M
$641.1M
Q3 24
$366.9M
$632.8M
Q2 24
$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
STRT
STRT
VICR
VICR
Operating Cash FlowLast quarter
$13.9M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$67.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRT
STRT
VICR
VICR
Q1 26
Q4 25
$13.9M
$15.7M
Q3 25
$11.3M
$38.5M
Q2 25
$30.2M
$65.2M
Q1 25
$20.7M
$20.1M
Q4 24
$9.4M
$10.1M
Q3 24
$11.3M
$22.6M
Q2 24
$15.6M
Free Cash Flow
STRT
STRT
VICR
VICR
Q1 26
Q4 25
$11.3M
$10.2M
Q3 25
$9.8M
$34.5M
Q2 25
$27.2M
$59.0M
Q1 25
$19.6M
$15.6M
Q4 24
$8.5M
$8.4M
Q3 24
$9.3M
$14.1M
Q2 24
$9.4M
FCF Margin
STRT
STRT
VICR
VICR
Q1 26
Q4 25
8.2%
9.5%
Q3 25
6.4%
31.2%
Q2 25
17.9%
61.5%
Q1 25
13.6%
16.6%
Q4 24
6.6%
8.7%
Q3 24
6.7%
15.2%
Q2 24
11.0%
Capex Intensity
STRT
STRT
VICR
VICR
Q1 26
Q4 25
1.9%
5.2%
Q3 25
1.0%
3.6%
Q2 25
2.0%
6.5%
Q1 25
0.8%
4.8%
Q4 24
0.7%
1.8%
Q3 24
1.5%
9.1%
Q2 24
7.2%
Cash Conversion
STRT
STRT
VICR
VICR
Q1 26
Q4 25
2.81×
0.34×
Q3 25
1.33×
1.36×
Q2 25
3.65×
1.58×
Q1 25
3.84×
7.93×
Q4 24
7.16×
0.99×
Q3 24
3.06×
1.95×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

STRT
STRT

Door Handles And Exterior Trim$35.0M25%
Power Access Solutions$34.5M25%
Keys And Locksets$26.8M19%
Latches$16.3M12%
User Interface Controls$12.5M9%
Aftermarket And Service$9.4M7%
Other Product$3.1M2%
Related Party$1.3M1%

VICR
VICR

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

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