Vicor Corporation (VICR)财务
NASDAQ · Technology · Hardware, Equipment & Parts · 员工1,092人 · CEO Patrizio Vinciarelli
- 股价
- $191.09 -7.52%
- 市值
- $88.2亿
- 企业价值
- $83.1亿
- 最近财报
- Q3 '26 2026-10-26提交
- 下次财报
- 2027-02-18 EPS预期 $1.21
营收(TTM)$5.61亿+27.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)24.9%+7.8 百分点 对比去年同期营业利润 $1.4亿
净利润(TTM)$1.8亿+119.1% 对比去年同期税后,含营业外收益
自由现金流(TTM)$5080万-56.7% 对比去年同期资本支出 $4520万
稀释EPS(TTM)$3.82+109.2% 对比去年同期最近4个季度之和
净现金$5.06亿+42.5% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $88.2亿 EV $83.1亿
- 营收
- $5.61亿 过去12个月
- 营收增速
- +57% FY2026年一致预期
- 净利润率
- 32.2% 净利润 / 营收,TTM
- P/E
- 48.6× 预期 46.1×(FY2026)
- P/S
- 15.7× 股价 / 营收,TTM
- EV / EBITDA
- 48.0× TTM
- 自由现金流
- $5080万 过去12个月
- 净利润
- $1.8亿 过去12个月
- 营收预期
- $6.42亿 FY2026年一致预期
- 盈利
- 2027-02-18 营收预期 $1.89亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-20):营收超预期5.4%,EPS 超预期0.8%营收$1.97亿,预期$1.87亿(+5.4%);EPS $1.33,预期$1.32(+0.8%)。
- 营收增长加速:同比78.5%Q3 '26营收$1.97亿,此前四个季度的平均值为13.0%。
- 营业利润率24.9%(TTM),较去年同期+7.8 百分点营收增长27.0%,营业利润增长85.3%。
- 税前利润的11.2%来自营业外收益税前利润$1.57亿,营业利润$1.4亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的8.1%(去年为3.7%)最近4个季度投入$4520万(同比+174.0%)。自由现金流$5080万,相当于净利润的28.2%。
- 股东回报$220万 = 自由现金流的4.3%回购$220万(去年为$3300万),股息$0,股权激励$1770万(TTM)。
- 稀释股数一年内增加6.0%Q3 '26稀释股数4760万,一年前为4490万。
- 净现金 $5.06亿现金 + 短期投资 $5.13亿,含租赁债务 $716万;一年前净现金 $3.55亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $1.97亿 | $1.1亿 | +78.5% |
| 毛利率 | 68.3% | 57.5% | +10.8 百分点 |
| 营业利润 | $7210万 | $2090万 | +245.1% |
| 营业利润率 | 36.6% | 18.9% | +17.7 百分点 |
| 净利润 | $6330万 | $2830万 | +123.7% |
| 稀释EPS | $1.33 | $0.63 | +111.1% |
| 经营现金流 | $5020万 | $3850万 | +30.3% |
| 资本支出 | $1610万 | $402万 | +301.4% |
| 自由现金流 | $3400万 | $3450万 | -1.3% |
| R&D | $2400万 | $1990万 | +20.7% |
| 股权激励费用 | $534万 | $436万 | +22.4% |
实际 vs 一致预期
2026-10-20| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $1.97亿 | $1.87亿 | +5.4% |
| EPS(一致预期口径) | $1.33 | $1.32 | +0.8% |
来自2026-10-20发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| AdvancedProducts | $1.39亿 | +112.0% | 70.4% | $3.61亿 | +47.7% | |
| BrickProducts | $5830万 | +29.7% | 29.6% | $2亿 | +31.3% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| United States | $1.26亿 | +99.2% | 63.9% | $3.15亿 | – | |
| Asia Pacific | $4780万 | +34.9% | 24.2% | $1.8亿 | +8.3% | |
| Europe | $2190万 | +101.2% | 11.1% | $6290万 | +51.2% | |
| All Other Countries | $156万 | +68.4% | 0.8% | $277万 | +102.6% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $9610万
- 资本支出
- -$4520万
- 股票回购
- -$220万
- 股息
- $0
- 收购
- $0
- 债务净发行
- $0
- 股权激励费用
- $1770万
- 自由现金流
- $5080万
- 股东回报 / FCF
- 4.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 48.6× | 123.0× | 37.8× – 345.1× |
| EV / EBITDA | 48.0× | 48.2× | 23.1× – 80.7× |
| EV / 营收 | 14.8× | 8.3× | 4.4× – 15.4× |
| 股价 / FCF | 173.5× | 242.9× 5年中的4年 | 41.1× – 801.5× |
| 股价 / 净资产 | 9.7× | 6.6× | 3.7× – 13.5× |
| FCF收益率 | 0.6% | 0.8% | -1.7% – 2.4% |
| 投入资本回报率 | 15.2% | 6.2% | -0.1% – 12.9% |
| 净资产收益率 | 22.5% | 9.3% | 1.1% – 16.7% |
分析师
一致目标价 $340.00 (+77.9%)
区间 $320.00 – $360.00 · 评级 Buy
强烈买入0
买入6
持有1
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $6.42亿 | +57.5% | $4.15 | +58.9% | 46.1× | 2 |
| FY2027 | $9.43亿 | +46.9% | $6.35 | +53.2% | 30.1× | 2 |
| FY2028 | $11.8亿 | +25.4% | $8.47 | +33.3% | 22.6× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Vicor Corporation在近期10-Q / 10-K文件中标记的全部216项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2430万2026-09-30 | $1540万 | +58.1% | $1230万 | $874万 | +40.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.22亿2026-09-30 | $5330万 | +130.0% | $6070万 | $5290万 | +14.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $13.7万2025-12-31 | $13万 | +5.4% | $13.7万 | $13万 | +5.4% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $02026-09-30 | $0 | – | $7000 | $0 | – |
| Accrued Income Taxes, Current | $20.8万2026-09-30 | $15.4万 | +35.1% | $90.4万 | $5.9万 | +1,432.2% |
| Accrued Income Taxes, Noncurrent | $314万2026-09-30 | $343万 | -8.4% | $309万 | $339万 | -8.9% |
| Accrued Liabilities, Current | $2220万2026-09-30 | $544万 | +308.7% | $369万 | $659万 | -44.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.76亿2025-12-31 | $2.65亿 | +4.0% | $2.76亿 | $2.65亿 | +4.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$117万2026-09-30 | -$156万 | +24.8% | -$167万 | -$150万 | -11.8% |
| Additional Paid in Capital, Common Stock | $5.18亿2026-09-30 | $4.29亿 | +20.7% | $4.62亿 | $4.08亿 | +13.4% |
| Advertising Expense | – | – | – | $329万 | $349万 | -5.8% |
| Amortization of Intangible Assets | – | – | – | $3万 | $4.3万 | -30.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 18.5万2026-09-30 | 173万 | -89.4% | 133万 | 250万 | -47.0% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $534万2026-09-30 | $436万 | +22.4% | $1680万 | $1530万 | +9.7% |
| Assets | $9.82亿2026-09-30 | $7.1亿 | +38.2% | $7.86亿 | $6.41亿 | +22.6% |
| Assets, Current | $7.6亿2026-09-30 | $5.34亿 | +42.4% | $5.87亿 | $4.63亿 | +26.9% |
| Available-for-sale Securities, Failed Auction, Value | $300万2025-12-31 | $300万 | 0.0% | $300万 | $300万 | 0.0% |
| Buildings and Improvements, Gross | $8870万2025-12-31 | $8650万 | +2.5% | $8870万 | $8650万 | +2.5% |
| Capital Expenditures Incurred but Not yet Paid | $529万2026-09-30 | -$41.7万 | +1,368.3% | $114万 | $195万 | -41.2% |
| Capitalized Computer Software, Gross | $2050万2025-12-31 | $2050万 | +0.2% | $2050万 | $2050万 | +0.2% |
| Cash and Cash Equivalents, at Carrying Value | $5.13亿2026-09-30 | $3.62亿 | +41.6% | $4.03亿 | $2.77亿 | +45.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.13亿2026-09-30 | $3.62亿 | +41.6% | $4.03亿 | $2.77亿 | +45.3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $5960万2026-09-30 | $2380万 | +149.8% | $1.26亿 | $3510万 | +258.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $2万2026-09-30 | $3000 | +566.7% | $3.9万 | -$1.7万 | +329.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $6390万2026-09-30 | $2800万 | +128.0% | $1.18亿 | $591万 | +1,904.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $6390万2026-09-30 | $2800万 | +128.0% | $1.18亿 | $589万 | +1,910.5% |
| Construction in Progress, Gross | $794万2025-12-31 | $823万 | -3.5% | $794万 | $823万 | -3.5% |
| Cost of Goods and Services Sold | $6240万2026-09-30 | $4690万 | +33.1% | $1.93亿 | $1.75亿 | +10.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$53.5万 | $323万 | -116.6% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $48.8万 | $20.8万 | +134.6% |
| Current Income Tax Expense (Benefit) | – | – | – | $317万 | $434万 | -27.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $322万 | $90.5万 | +255.6% |
| Debt Instrument, Basis Spread on Variable Rate | – | – | – | 1.3% | 1.3% | 0.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$2550万 | – | – |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $9.3万 | $6000 | +1,450.0% |
| Deferred Income Tax Assets, Net | $2340万2026-09-30 | $27.5万 | +8,423.3% | $2750万 | $26.1万 | +10,422.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$2720万 | $6000 | -453,366.7% |
| Deferred Income Taxes and Tax Credits | $1530万2026-09-30 | $0 | – | -$2720万 | $6000 | -453,383.3% |
| Deferred Revenue, Current | $41.8万2026-09-30 | $420万 | -90.0% | $343万 | $531万 | -35.5% |
| Deferred Revenue, Revenue Recognized | $6万2026-09-30 | $41.1万 | -85.4% | $210万 | $187万 | +12.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$177万 | – | – |
| Deferred Tax Assets, Gross | $6800万2025-12-31 | $8150万 | -16.6% | $6800万 | $8150万 | -16.6% |
| Deferred Tax Assets, in Process Research and Development | $133万2025-12-31 | $2700万 | -95.1% | $133万 | $2700万 | -95.1% |
| Deferred Tax Assets, Net | $2750万2025-12-31 | $26.1万 | +10,422.2% | $2750万 | $26.1万 | +10,422.2% |
| Deferred Tax Assets, Net of Valuation Allowance | $5000万2025-12-31 | $2000万 | +150.1% | $5000万 | $2000万 | +150.1% |
| Deferred Tax Assets, Operating Loss Carryforwards | $0 | – | – | $909万 | $0 | – |
| Deferred Tax Assets, Other | $177万2025-12-31 | $184万 | -4.1% | $177万 | $184万 | -4.1% |
| Deferred Tax Assets, State Taxes | $282万2025-12-31 | $283万 | -0.5% | $282万 | $283万 | -0.5% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $3090万2025-12-31 | $2770万 | +11.6% | $3090万 | $2770万 | +11.6% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $825万2025-12-31 | $861万 | -4.3% | $825万 | $861万 | -4.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements | $676万2025-12-31 | $689万 | -2.0% | $676万 | $689万 | -2.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Loss Reserves | $331万2025-12-31 | $263万 | +25.8% | $331万 | $263万 | +25.8% |
| Deferred Tax Assets, Valuation Allowance | $1750万2026-09-30 | $6150万 | -71.6% | $1790万 | $6150万 | -70.9% |
| Deferred Tax Liabilities, Gross | $2260万2025-12-31 | $1970万 | +14.3% | $2260万 | $1970万 | +14.3% |
| Deferred Tax Liabilities, Other | $6.3万2025-12-31 | $6.9万 | -8.7% | $6.3万 | $6.9万 | -8.7% |
| Deferred Tax Liabilities, Prepaid Expenses | $136万2025-12-31 | $124万 | +9.5% | $136万 | $124万 | +9.5% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $2000万2025-12-31 | $1730万 | +15.4% | $2000万 | $1730万 | +15.4% |
| Defined Contribution Plan, Employer Discretionary Contribution Amount | – | – | – | $247万 | $217万 | +13.8% |
| Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage | – | – | – | 20.0% | 20.0% | 0.0% |
| Depreciation | – | – | – | $1940万 | $1860万 | +4.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02