Hayward vs Vicor
Hayward reported revenue of $1.1 billion in fiscal 2025, 2.5 times Vicor's $453 million in fiscal 2025. Hayward's revenue grew 6.7% in its latest year, and Vicor's grew 26.1%. Hayward had an operating margin of 20.8%, against 18.1% at Vicor. Free cash flow was $227 million at Hayward and $119 million at Vicor.
Side by side
| Hayward | Vicor | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.1B | $453M |
| Revenue growth | 6.7% | 26.1% |
| Revenue growth a year, last 5 years | 5.1% | 8.8% |
| Gross margin | 48.0% | 57.3% |
| Operating margin | 20.8% | 18.1% |
| Net margin | 13.5% | 26.2% |
| Free cash flow | $227M | $119M |
| Free cash flow margin | 20.3% | 26.3% |
| Return on capital | 8.8% | — |
| Net debt to EBITDA | 1.9x | — |
| Dividends and buybacks | $5M | $35M |
| Change in diluted share count | 0.4% | 0.6% |
| Last close | $16.24 | $146.88 |
| P/E at the last close | 20.8× | 38.3× |
| Insider trades, last 12 months | bought $28,608, sold $11.3 million | sold $398.8 million |
| Piotroski F-score | 8 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
HaywardVicor
Operating margin
Percent of revenue
HaywardVicor
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HaywardVicor