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Side-by-side financial comparison of VICOR CORP (VICR) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.

VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $58.6M, roughly 1.9× Vitesse Energy, Inc.). VICOR CORP runs the higher net margin — 18.3% vs -1.3%, a 19.6% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 4.8%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% CAGR vs -2.1%).

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

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

VICR vs VTS — Head-to-Head

Bigger by revenue
VICR
VICR
1.9× larger
VICR
$113.0M
$58.6M
VTS
Growing faster (revenue YoY)
VICR
VICR
+15.4% gap
VICR
20.2%
4.8%
VTS
Higher net margin
VICR
VICR
19.6% more per $
VICR
18.3%
-1.3%
VTS
Faster 2-yr revenue CAGR
VICR
VICR
Annualised
VICR
14.7%
-2.1%
VTS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
VICR
VICR
VTS
VTS
Revenue
$113.0M
$58.6M
Net Profit
$20.7M
$-739.0K
Gross Margin
Operating Margin
59.7%
-12.0%
Net Margin
18.3%
-1.3%
Revenue YoY
20.2%
4.8%
Net Profit YoY
713.9%
85.6%
EPS (diluted)
$0.44
$-0.01

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
VICR
VICR
VTS
VTS
Q1 26
$113.0M
Q4 25
$107.3M
$58.6M
Q3 25
$110.4M
$67.4M
Q2 25
$96.0M
$81.8M
Q1 25
$94.0M
$66.2M
Q4 24
$96.2M
$55.9M
Q3 24
$93.2M
$58.3M
Q2 24
$85.9M
$66.6M
Net Profit
VICR
VICR
VTS
VTS
Q1 26
$20.7M
Q4 25
$46.5M
$-739.0K
Q3 25
$28.3M
$-1.3M
Q2 25
$41.2M
$24.7M
Q1 25
$2.5M
$2.7M
Q4 24
$10.2M
$-5.1M
Q3 24
$11.6M
$17.4M
Q2 24
$-1.2M
$10.9M
Gross Margin
VICR
VICR
VTS
VTS
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%
Operating Margin
VICR
VICR
VTS
VTS
Q1 26
59.7%
Q4 25
14.6%
-12.0%
Q3 25
18.9%
0.2%
Q2 25
47.3%
22.8%
Q1 25
-0.2%
8.1%
Q4 24
9.6%
3.7%
Q3 24
5.8%
15.4%
Q2 24
0.2%
25.2%
Net Margin
VICR
VICR
VTS
VTS
Q1 26
18.3%
Q4 25
43.4%
-1.3%
Q3 25
25.6%
-1.9%
Q2 25
42.9%
30.2%
Q1 25
2.7%
4.0%
Q4 24
10.7%
-9.2%
Q3 24
12.4%
29.9%
Q2 24
-1.4%
16.4%
EPS (diluted)
VICR
VICR
VTS
VTS
Q1 26
$0.44
Q4 25
$1.01
$-0.01
Q3 25
$0.63
$-0.03
Q2 25
$0.91
$0.60
Q1 25
$0.06
$0.08
Q4 24
$0.24
$-0.15
Q3 24
$0.26
$0.53
Q2 24
$-0.03
$0.33

Balance Sheet & Financial Strength

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

Metric
VICR
VICR
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$404.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$754.1M
$629.3M
Total Assets
$804.9M
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VICR
VICR
VTS
VTS
Q1 26
$404.2M
Q4 25
$402.8M
Q3 25
$362.4M
Q2 25
$338.5M
Q1 25
$296.1M
$4.5M
Q4 24
$277.3M
$3.0M
Q3 24
$267.6M
Q2 24
$251.9M
Stockholders' Equity
VICR
VICR
VTS
VTS
Q1 26
$754.1M
Q4 25
$711.6M
$629.3M
Q3 25
$630.1M
$650.3M
Q2 25
$608.6M
$671.9M
Q1 25
$580.3M
$667.7M
Q4 24
$570.1M
$500.3M
Q3 24
$554.6M
$520.4M
Q2 24
$537.2M
$518.5M
Total Assets
VICR
VICR
VTS
VTS
Q1 26
$804.9M
Q4 25
$785.8M
$893.4M
Q3 25
$710.2M
$932.9M
Q2 25
$693.5M
$951.5M
Q1 25
$665.0M
$975.2M
Q4 24
$641.1M
$810.9M
Q3 24
$632.8M
$791.2M
Q2 24
$613.2M
$778.4M

Cash Flow & Capital Efficiency

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

Metric
VICR
VICR
VTS
VTS
Operating Cash FlowLast quarter
$37.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VICR
VICR
VTS
VTS
Q1 26
Q4 25
$15.7M
$37.4M
Q3 25
$38.5M
$49.4M
Q2 25
$65.2M
$66.0M
Q1 25
$20.1M
$17.5M
Q4 24
$10.1M
$34.7M
Q3 24
$22.6M
$45.7M
Q2 24
$15.6M
$35.2M
Free Cash Flow
VICR
VICR
VTS
VTS
Q1 26
Q4 25
$10.2M
Q3 25
$34.5M
Q2 25
$59.0M
Q1 25
$15.6M
Q4 24
$8.4M
Q3 24
$14.1M
Q2 24
$9.4M
FCF Margin
VICR
VICR
VTS
VTS
Q1 26
Q4 25
9.5%
Q3 25
31.2%
Q2 25
61.5%
Q1 25
16.6%
Q4 24
8.7%
Q3 24
15.2%
Q2 24
11.0%
Capex Intensity
VICR
VICR
VTS
VTS
Q1 26
Q4 25
5.2%
Q3 25
3.6%
Q2 25
6.5%
Q1 25
4.8%
Q4 24
1.8%
Q3 24
9.1%
Q2 24
7.2%
Cash Conversion
VICR
VICR
VTS
VTS
Q1 26
Q4 25
0.34×
Q3 25
1.36×
Q2 25
1.58×
2.68×
Q1 25
7.93×
6.56×
Q4 24
0.99×
Q3 24
1.95×
2.62×
Q2 24
3.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VICR
VICR

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

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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