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Vicor vs Vertiv: revenue, profit, margins and growth compared

Vicor brought in $452.7M of revenue in fiscal 2025, Vertiv $10.2B in fiscal 2025. Revenue changed by +26.1% at Vicor and +27.7% at Vertiv on the year before, so Vertiv grew faster. Vicor kept 26.2% of its revenue as net profit, Vertiv 13.0%. Free cash flow was $119.2M at Vicor and $1.9B at Vertiv.

Side by side, latest fiscal year

VICRVRT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$452.7M$10.2B
Revenue growth+26.1%+27.7%
Net income$118.6M$1.3B
Net margin26.2%13.0%
Free cash flow$119.2M$1.9B
Free cash flow margin26.3%18.5%
Earnings per share (diluted)$2.61$3.41
Cash$402.8M$1.7B
Debtn/a$2.9B
Price to earnings108.074.3
Market value$13B$97.5B
Dividend yieldn/an/a
Rank by revenue in sector#317 of 530 · Technology#58 of 530 · Technology

Over the years

Revenue
VICR FY2018: $291.2MVICR FY2019: $263MVICR FY2020: $296.6MVICR FY2021: $359.4MVICR FY2022: $399.1MVICR FY2023: $405.1MVICR FY2024: $359.1MVICR FY2025: $452.7MVRT FY2018: $4.3BVRT FY2019: $4.4BVRT FY2020: $4.4BVRT FY2021: $5BVRT FY2022: $5.7BVRT FY2023: $6.9BVRT FY2024: $8BVRT FY2025: $10.2BFY18FY19FY20FY21FY22FY23FY24FY25
VICR $452.7MVRT $10.2B
Net income
VICR FY2018: $31.7MVICR FY2019: $14.1MVICR FY2020: $17.9MVICR FY2021: $56.6MVICR FY2022: $25.4MVICR FY2023: $53.6MVICR FY2024: $6.1MVICR FY2025: $118.6MVRT FY2018: -$314MVRT FY2019: -$140.8MVRT FY2020: -$327.3MVRT FY2021: $119.6MVRT FY2022: $76.6MVRT FY2023: $460.2MVRT FY2024: $495.8MVRT FY2025: $1.3BFY18FY19FY20FY21FY22FY23FY24FY25
VICR $118.6MVRT $1.3B
Net margin
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%VRT FY2018: -7.3%VRT FY2019: -3.2%VRT FY2020: -7.5%VRT FY2021: 2.4%VRT FY2022: 1.3%VRT FY2023: 6.7%VRT FY2024: 6.2%VRT FY2025: 13.0%FY18FY19FY20FY21FY22FY23FY24FY25
VICR 26.2%VRT 13.0%
Revenue growth
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%VRT FY2019: +3.4%VRT FY2020: -1.4%VRT FY2021: +14.4%VRT FY2022: +13.9%VRT FY2023: +20.6%VRT FY2024: +16.7%VRT FY2025: +27.7%FY19FY20FY21FY22FY23FY24FY25
VICR +26.1%VRT +27.7%
Free cash flow
VICR FY2018: $18MVICR FY2019: $9.7MVICR FY2020: $6.1MVICR FY2021: $6.7MVICR FY2022: -$41MVICR FY2023: $41.1MVICR FY2024: $27.2MVICR FY2025: $119.2MVRT FY2018: -$286.5MVRT FY2019: $9.9MVRT FY2020: $164.5MVRT FY2021: $137.5MVRT FY2022: -$252.8MVRT FY2023: $772.6MVRT FY2024: $1.2BVRT FY2025: $1.9BFY18FY19FY20FY21FY22FY23FY24FY25
VICR $119.2MVRT $1.9B

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

Questions about Vicor and Vertiv

Which is bigger by revenue, Vicor or Vertiv?

Vertiv is bigger by revenue: $10.2B in fiscal 2025, against $452.7M for Vicor in fiscal 2025.

Which keeps more of its revenue as profit, Vicor or Vertiv?

Vicor had a net margin of 26.2% in fiscal 2025; Vertiv had 13.0% in fiscal 2025.

Which grew revenue faster, Vicor or Vertiv?

In their latest fiscal years revenue changed by +26.1% at Vicor and +27.7% at Vertiv.

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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