Vicor Corporation (VICR) Margin Analysis

Vicor Corporation

VICR (NASDAQ)

(%)

Models
Vicor Corporation Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Apr 20	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	452.7	407.7	359.1	405.1	399.1
Revenue Growth Rate	11.04%	13.55%	-11.36%	1.5%	11.05%
Cost of Revenue	193.3	193.3	175.1	200.1	218.5
Gross Profit	259.4	214.4	184	204.9	180.6
Gross Margin	57.31%	52.59%	51.24%	50.59%	45.24%
Operating Income	81.83	36.83	-1.31	51.36	27.2
Operating Margin	18.08%	9.03%	-0.365%	12.68%	6.82%
Net Income	118.6	118.6	6.13	53.59	25.45
Net Margin	26.19%	29.08%	1.71%	13.23%	6.38%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Apr 20	2025 Dec 31	2024 Dec 31	2023 Dec 31	2022 Dec 31
Revenue	452.7	407.7	359.1	405.1	399.1
Cash from Operating Activities	139.5	139.5	50.84	74.53	22.94
Cash from Operating Activities Margin	30.83%	34.23%	14.16%	18.4%	5.75%
Free Cash Flow	119.2	119.2	27.24	41.08	-41.03
Free Cash Flow Margin	26.34%	29.24%	7.59%	10.14%	-10.28%
Depreciation and Amortization	20.79	20.79	18.63	17.24	13.78
Depreciation and Amortization Margin	4.59%	5.1%	5.19%	4.26%	3.45%
Capital Expenditure	-20.32	-20.32	-23.6	-33.45	-63.97
Capital Expenditure Margin	-4.49%	-4.98%	-6.57%	-8.26%	-16.03%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 45.24}, {"l": "2023", "x": "2023-12-31", "y": 50.59}, {"l": "2024", "x": "2024-12-31", "y": 51.24}, {"l": "2025", "x": "2025-12-31", "y": 52.59}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 6.82}, {"l": "2023", "x": "2023-12-31", "y": 12.68}, {"l": "2024", "x": "2024-12-31", "y": -0.365}, {"l": "2025", "x": "2025-12-31", "y": 9.03}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": 6.38}, {"l": "2023", "x": "2023-12-31", "y": 13.23}, {"l": "2024", "x": "2024-12-31", "y": 1.71}, {"l": "2025", "x": "2025-12-31", "y": 29.08}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2022", "x": "2022-12-31", "y": -10.28}, {"l": "2023", "x": "2023-12-31", "y": 10.14}, {"l": "2024", "x": "2024-12-31", "y": 7.59}, {"l": "2025", "x": "2025-12-31", "y": 29.24}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	107.3	110.4	141	93.97	96.17	93.17
Revenue Growth Rate	-2.86%	-21.71%	50.1%	-2.29%	3.22%
Cost of Revenue	47.84	46.91	48.92	49.6	45.81	47.42
Gross Profit	59.42	63.51	92.13	44.37	50.36	45.74
Gross Margin	55.4%	57.52%	65.32%	47.21%	52.37%	49.1%
Operating Income	15.69	20.91	45.38	-0.149	9.21	5.39
Operating Margin	14.62%	18.93%	32.18%	-0.159%	9.57%	5.78%
Net Income	46.53	28.3	41.19	2.54	10.25	11.55
Net Margin	43.38%	25.63%	29.2%	2.7%	10.65%	12.4%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2025 (Q4) Dec 31	2025 (Q3) Sep 30	2025 (Q2) Jun 30	2025 (Q1) Mar 31	2024 (Q4) Dec 31	2024 (Q3) Sep 30
Revenue	107.3	110.4	141	93.97	96.17	93.17
Cash from Operating Activities	15.71	38.49	65.22	20.13	10.12	22.58
Cash from Operating Activities Margin	14.64%	34.85%	46.24%	21.42%	10.52%	24.23%
Free Cash Flow	10.16	34.47	59.02	15.58	8.38	14.12
Free Cash Flow Margin	9.48%	31.21%	41.85%	16.58%	8.71%	15.16%
Depreciation and Amortization	5.17	5.24	5.19	5.19	4.61	4.74
Depreciation and Amortization Margin	4.82%	4.74%	3.68%	5.52%	4.79%	5.09%
Capital Expenditure	-5.54	-4.02	-6.2	-4.55	-1.74	-8.46
Capital Expenditure Margin	-5.17%	-3.64%	-4.4%	-4.84%	-1.8%	-9.07%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 49.1}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 52.37}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 47.21}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 65.32}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 57.52}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 55.4}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 5.78}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 9.57}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": -0.159}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 32.18}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 18.93}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 14.62}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 12.4}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 10.65}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 2.7}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 29.2}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 25.63}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 43.38}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2024 (Q3)", "x": "2024-09-30", "y": 15.16}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 8.72}, {"l": "2025 (Q1)", "x": "2025-03-31", "y": 16.58}, {"l": "2025 (Q2)", "x": "2025-06-30", "y": 41.85}, {"l": "2025 (Q3)", "x": "2025-09-30", "y": 31.21}, {"l": "2025 (Q4)", "x": "2025-12-31", "y": 9.48}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}