Nextpower
NXT · Electrical Components & Equipment
$78.89
1.6%Vicor
VICR · Electrical Components & Equipment
$176.04
2.2%The short version
- Nextpower is the larger business, with $3.6B of revenue in fiscal 2026 against $453M for Vicor, about 7.9 times as much.
- Vicor grew revenue faster (26.1%, against 20.3%).
- Nextpower kept more of each dollar of sales as operating profit (19.6% operating margin, against 18.1% operating margin).
- Vicor turned more of its sales into free cash flow (26.3% FCF margin, against 14.4% FCF margin).
- Investors pay more for each dollar of Vicor’s earnings: a P/E of 58.7x against 20.4x for Nextpower.
| Latest fiscal year | NXT · FY26 | VICR · FY25 |
|---|---|---|
| Size | ||
| Market cap | $12.2B | $8.3B |
| Revenue | $3.6B | $453M |
| Free cash flow | $514M | $119M |
| Net income | $586M | $119M |
| Growth | ||
| Revenue growth | 20.3% | 26.1% |
| 5-year growth | — | 8.8% |
| Share count change | 2.3% | 0.6% |
| Profitability | ||
| Gross margin | 32.6% | 57.3% |
| Operating margin | 19.6% | 18.1% |
| Net margin | 16.5% | 26.2% |
| FCF margin | 14.4% | 26.3% |
| Return on capital | 54.5% | — |
| Return on equity | 29.6% | 18.5% |
| Balance sheet | ||
| Net debt | −$1.1B | — |
| Net debt / EBITDA | −1.5x | — |
| Dividends and buybacks | $0.4M | $35.2M |
| Valuation & quality | ||
| P/E | 20.4x | 58.7x |
| Piotroski F-score | 3 | — |
FY17
NXT —
VICR $228M
FY18
NXT —
VICR $291M
FY19
NXT —
VICR $263M
FY20
NXT —
VICR $297M
FY21
NXT —
VICR $359M
FY22
NXT —
VICR $399M
FY23
NXT $1.9B
VICR $405M
FY24
NXT $2.5B
VICR $359M
FY25
NXT $3.0B
VICR $453M
FY26
NXT $3.6B
VICR —
NXT
VICR
FY17
NXT —
VICR −0.6%
FY18
NXT —
VICR 11.0%
FY19
NXT —
VICR 5.3%
FY20
NXT —
VICR 5.9%
FY21
NXT —
VICR 15.5%
FY22
NXT —
VICR 6.8%
FY23
NXT 8.9%
VICR 12.7%
FY24
NXT 23.5%
VICR −0.4%
FY25
NXT 21.6%
VICR 18.1%
FY26
NXT 19.6%
VICR —
NXT
VICR
FY17
NXT —
VICR −$15.0M
FY18
NXT —
VICR $18.0M
FY19
NXT —
VICR $9.7M
FY20
NXT —
VICR $6.1M
FY21
NXT —
VICR $6.7M
FY22
NXT —
VICR −$41.0M
FY23
NXT $104M
VICR $41.1M
FY24
NXT $423M
VICR $27.2M
FY25
NXT $622M
VICR $119M
FY26
NXT $514M
VICR —
NXT
VICR
FY17
NXT —
VICR —
FY18
NXT —
VICR —
FY19
NXT —
VICR —
FY20
NXT —
VICR —
FY21
NXT —
VICR —
FY22
NXT —
VICR —
FY23
NXT —
VICR —
FY24
NXT —
VICR —
FY25
NXT 66.8%
VICR —
FY26
NXT 54.5%
VICR —
NXT
VICR
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.