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M-tron Industries vs Vicor: revenue, profit, margins and growth compared

M-tron Industries brought in $54.4M of revenue in fiscal 2025, Vicor $452.7M in fiscal 2025. Revenue changed by +11.0% at M-tron Industries and +26.1% at Vicor on the year before, so Vicor grew faster. M-tron Industries kept 15.5% of its revenue as net profit, Vicor 26.2%. Free cash flow was $8.1M at M-tron Industries and $119.2M at Vicor.

Side by side, latest fiscal year

MPTIVICR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$54.4M$452.7M
Revenue growth+11.0%+26.1%
Net income$8.4M$118.6M
Net margin15.5%26.2%
Free cash flow$8.1M$119.2M
Free cash flow margin14.9%26.3%
Earnings per share (diluted)$2.62$2.61
Cash$20.9M$402.8M
Debtn/an/a
Price to earnings28.3108.0
Market value$321.9M$13B
Dividend yieldn/an/a
Rank by revenue in sector#444 of 530 · Technology#317 of 530 · Technology

Over the years

Revenue
MPTI FY2022: $26.7MMPTI FY2022: $31.8MMPTI FY2023: $41.2MMPTI FY2024: $49MMPTI FY2025: $54.4MVICR FY2018: $291.2MVICR FY2019: $263MVICR FY2020: $296.6MVICR FY2021: $359.4MVICR FY2022: $399.1MVICR FY2023: $405.1MVICR FY2024: $359.1MVICR FY2025: $452.7MFY18FY19FY20FY21FY22FY23FY24FY25
MPTI $54.4MVICR $452.7M
Net income
MPTI FY2022: $1.6MMPTI FY2022: $1.8MMPTI FY2023: $3.5MMPTI FY2024: $7.6MMPTI FY2025: $8.4MVICR FY2018: $31.7MVICR FY2019: $14.1MVICR FY2020: $17.9MVICR FY2021: $56.6MVICR FY2022: $25.4MVICR FY2023: $53.6MVICR FY2024: $6.1MVICR FY2025: $118.6MFY18FY19FY20FY21FY22FY23FY24FY25
MPTI $8.4MVICR $118.6M
Net margin
MPTI FY2022: 5.9%MPTI FY2022: 5.6%MPTI FY2023: 8.5%MPTI FY2024: 15.6%MPTI FY2025: 15.5%VICR FY2018: 10.9%VICR FY2019: 5.4%VICR FY2020: 6.0%VICR FY2021: 15.8%VICR FY2022: 6.4%VICR FY2023: 13.2%VICR FY2024: 1.7%VICR FY2025: 26.2%FY18FY19FY20FY21FY22FY23FY24FY25
MPTI 15.5%VICR 26.2%
Revenue growth
MPTI FY2022: +19.3%MPTI FY2023: +29.3%MPTI FY2024: +19.1%MPTI FY2025: +11.0%VICR FY2019: -9.7%VICR FY2020: +12.8%VICR FY2021: +21.2%VICR FY2022: +11.1%VICR FY2023: +1.5%VICR FY2024: -11.4%VICR FY2025: +26.1%FY19FY20FY21FY22FY23FY24FY25
MPTI +11.0%VICR +26.1%
Free cash flow
MPTI FY2022: $1.9MMPTI FY2022: $1.1MMPTI FY2023: $3.1MMPTI FY2024: $5.6MMPTI FY2025: $8.1MVICR FY2018: $18MVICR FY2019: $9.7MVICR FY2020: $6.1MVICR FY2021: $6.7MVICR FY2022: -$41MVICR FY2023: $41.1MVICR FY2024: $27.2MVICR FY2025: $119.2MFY18FY19FY20FY21FY22FY23FY24FY25
MPTI $8.1MVICR $119.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about M-tron Industries and Vicor

Which is bigger by revenue, M-tron Industries or Vicor?

Vicor is bigger by revenue: $452.7M in fiscal 2025, against $54.4M for M-tron Industries in fiscal 2025.

Which keeps more of its revenue as profit, M-tron Industries or Vicor?

M-tron Industries had a net margin of 15.5% in fiscal 2025; Vicor had 26.2% in fiscal 2025.

Which grew revenue faster, M-tron Industries or Vicor?

In their latest fiscal years revenue changed by +11.0% at M-tron Industries and +26.1% at Vicor.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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