Vicor Corporation (VICR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 53,595 | 25,446 | 56,625 | 17,910 | 14,098 |
| Revenue | US$ in thousands | 413,907 | 400,531 | 719,112 | 594,138 | 526,740 |
| Net profit margin | 12.95% | 6.35% | 7.87% | 3.01% | 2.68% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $53,595K ÷ $413,907K
= 12.95%
The net profit margin of Vicor Corp. has varied over the past five years, ranging from 5.36% in 2019 to 15.76% in 2021. The increasing trend seen from 2019 to 2021 indicates an improvement in the company's profitability, reaching its peak in 2021. However, there was a slight decrease in 2022 followed by another increase in 2023.
The net profit margin of 13.23% in 2023 suggests that the company is able to convert 13.23% of its total revenues into net profits, which is a positive indicator of its efficiency in managing costs and generating profits. Overall, Vicor Corp.'s net profit margin has shown positive signs of growth and profitability over the years, with the latest figure indicating a healthy level of profitability.
Peer comparison
Dec 31, 2023