VSE Corp
VSEC
167.34
-1.14
-0.68%
VSE Corp
US · VSEC
#2167 by market cap
Listed 1970
167.34
-1.14
-0.68%
Live - 5344 symbols - heartbeat 370s ago
· 2026-10-08 06:25
Pre-market
164.84
-1.49%
After-hours
167.34
0.00%
- Market cap
- 4.70B
- P/E (TTM)i
- 60.41
- P/Bi
- 1.60
- EPSi
- 0.55
- Div yieldi
- 0.24%
- 52W posi
- 14%
Reader sentiment
Are you bullish or bearish on VSEC?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 6.18, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +41.46% YoY
Margins
- Gross margin
- 11.88%
- Operating margin
- 10.68%
- Net margin
- 1.05%
Key ratios & quality
- Enterprise valuei
- 4.93B
- Altman Z-Scorei
- 6.18
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 697.22M | 752.63M | 661.66M | 481.38M | 669.45M | 544.02M | 786.26M | 1.11B |
| Gross profit | 56.24M | 64.45M | 57.88M | 749.00K | 57.24M | 57.27M | 84.59M | 132.14M |
| Selling & admin expenses | 3.71M | 4.19M | 3.12M | 3.45M | 3.64M | 7.12M | 13.63M | 13.34M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 52.53M | 60.26M | 54.76M | -2.71M | 53.60M | 50.15M | 70.96M | 118.80M |
| Pretax profit | 45.25M | 46.43M | 427.00K | -14.77M | 35.71M | 19.06M | 23.81M | 69.04M |
| Tax | 10.17M | 9.40M | 5.60M | -3.77M | 9.05M | 4.50M | 4.41M | 15.55M |
| Net profit | 35.08M | 37.02M | -5.17M | 7.97M | 28.06M | 39.13M | 15.32M | 11.70M |
| Basic EPS | 3 | 3 | 0 | 1 | 2 | 3 | 1 | 1 |
| Diluted EPS | 3.21 | 3.35 | -0.47 | 0.63 | 2.19 | 2.76 | 0.85 | 0.55 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 256.05M | 272.14M | 282.91M | 301.18M | 324.58M | 449.14M |
| Gross profit | 26.82M | 31.03M | 34.05M | 40.24M | 38.95M | 57.99M |
| Selling & admin expenses | 2.31M | 2.62M | 667.00K | 7.75M | 6.20M | 9.03M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 24.50M | 28.41M | 33.39M | 32.49M | 32.75M | 48.96M |
| Pretax profit | 16.57M | 16.07M | 5.75M | 30.66M | 34.15M | 39.26M |
| Tax | 2.60M | 2.43M | 2.16M | 8.36M | 5.10M | 10.73M |
| Net profit | -8.97M | 3.20M | 3.91M | 13.57M | 29.06M | 28.52M |
| Basic EPS | 0 | 0 | 0 | 1 | 1 | 1 |
| Diluted EPS | -0.44 | 0.15 | 0.19 | 0.95 | 1.04 | 0.91 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 281.22M | 355.34M | 354.96M | 463.99M | 548.88M | 774.03M | 965.35M | 893.33M |
| Cash & ST investments | 162.00K | 734.00K | 378.00K | 518.00K | 305.00K | 7.77M | 29.51M | 69.36M |
| Inventory | 166.39M | 218.63M | 253.42M | 322.70M | 380.44M | 500.86M | 434.06M | 553.83M |
| Total assets | 638.83M | 845.86M | 780.08M | 918.56M | 999.79M | 1.35B | 1.74B | 2.03B |
| Total current liabilities | 104.88M | 164.18M | 139.23M | 179.96M | 224.60M | 286.89M | 298.50M | 237.51M |
| Short-term debt | 9.47M | 20.59M | 24.39M | 20.15M | 13.18M | 27.46M | 34.78M | 13.81M |
| Long-term debt | 151.13M | 253.13M | 230.71M | 270.41M | 276.30M | 406.84M | 400.17M | 285.30M |
| Total liabilities | 310,433,000.00 | 482,763,000.00 | 423,764,000.00 | 501,225,000.00 | 550,263,000.00 | 733,613,000.00 | 754,444,000.00 | 589,770,000.00 |
| Total equity | 328.40M | 363.10M | 356.32M | 417.33M | 449.53M | 616.73M | 988.19M | 1.44B |
| Retained earnings | 301.07M | 334.25M | 325.10M | 328.36M | 351.30M | 384.70M | 392.48M | 395.64M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 968.86M | 753.62M | 722.28M | 893.33M | 2.16B | 1.33B |
| Cash & ST investments | 5.71M | 16.91M | 8.78M | 69.36M | 1.24B | 75.36M |
| Inventory | 441.46M | 463.22M | 464.32M | 553.83M | 625.74M | 867.12M |
| Total assets | 1.73B | 1.60B | 1.56B | 2.03B | 3.31B | 4.40B |
| Total current liabilities | 248.30M | 202.05M | 183.35M | 237.51M | 246.19M | 351.81M |
| Short-term debt | 5.63M | 7.50M | 7.50M | 13.81M | 29.92M | 32.00M |
| Long-term debt | 459.38M | 371.66M | 348.60M | 285.30M | 331.05M | 914.95M |
| Total liabilities | 757,238,000.00 | 622,500,000.00 | 577,107,000.00 | 589,770,000.00 | 644,447,000.00 | 1,463,970,000.00 |
| Total equity | 975.74M | 979.53M | 983.34M | 1.44B | 2.67B | 2.93B |
| Retained earnings | 381.44M | 382.57M | 384.42M | 395.64M | 421.89M | 447.61M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 18.86M | 17.99M | 35.76M | -17.60M | 8.05M | -21.83M | -31.04M | 26.99M |
| Depreciation & amortization | 25.22M | 26.93M | 24.14M | 24.59M | 24.60M | 23.42M | 28.76M | 39.92M |
| Free cash flow | 15.74M | 8.36M | 31.33M | -28.12M | -3.16M | -40.50M | -51.74M | 5.71M |
| Dividends paid | -3.26M | -3.73M | -3.97M | -4.43M | -5.11M | -5.44M | -7.06M | -8.26M |
| Stock buybacks / issuance | -- | 0 | 0 | 52.02M | 899.00K | 130.02M | 326.00M | 442.17M |
| Ending cash balance | 162.00K | 734.00K | 378.00K | 518.00K | 478.00K | 7.93M | 29.03M | 69.36M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -46.63M | 11.89M | 24.09M | 37.64M | -62.26M | 27.56M |
| Depreciation & amortization | 9.91M | 9.64M | 10.19M | 10.19M | 12.75M | 23.97M |
| Free cash flow | -49.51M | 6.30M | 18.04M | 30.87M | -84.72M | 19.98M |
| Dividends paid | -2.06M | -2.07M | -2.07M | -2.07M | -2.34M | -2.81M |
| Stock buybacks / issuance | 0 | 463.00K | 0 | 441.70M | 829.46M | 219.00K |
| Ending cash balance | 10.51M | 16.91M | 8.78M | 69.36M | 1.24B | 75.36M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 11.29 | 10.71 | -1.44 | 2.06 | 6.47 | 7.34 | 1.91 | 0.96 |
| ROA %i | 5.53 | 4.99 | -0.64 | 0.94 | 2.93 | 3.33 | 0.99 | 0.62 |
| ROIC %i | 8.46 | 8.25 | 0.72 | 2.65 | 5.50 | 6.77 | 3.35 | 1.70 |
| 5-year avg ROE %i | 11.59 | 11.76 | 9.18 | 7.38 | 5.82 | 5.03 | 3.27 | 3.75 |
| EBIT margin %i | 7.78 | 8.01 | 2.10 | 2.87 | 5.80 | 10.23 | 7.54 | 8.06 |
| FCF / sales %i | 2.26 | 1.11 | 4.74 | -- | -- | -- | -- | 0.51 |
| Current ratioi | 2.68 | 2.16 | 2.55 | 2.58 | 2.44 | 2.70 | 3.23 | 3.76 |
| Quick ratioi | 0.97 | 0.72 | 0.58 | 0.62 | 0.44 | 0.50 | 0.73 | 1.27 |
| Debt / assetsi | 28.10 | 35.25 | 35.63 | 34.59 | 30.87 | 34.01 | 27.23 | 16.90 |
| LT debt / equityi | 51.78 | 76.44 | 71.15 | 71.30 | 65.73 | 70.02 | 44.49 | 22.87 |
| Interest coveragei | 6.04 | 4.36 | 1.03 | 1.78 | 3.08 | 2.83 | 2.33 | 4.36 |
| Revenue CAGR (3Y) %i | 9.30 | 2.85 | -4.52 | -11.62 | -3.83 | -6.32 | 17.77 | 18.44 |
| Net income CAGR (3Y) %i | 12.08 | 11.38 | -- | -38.99 | -8.83 | -- | 24.37 | -25.28 |
| FCF CAGR (3Y) %i | -16.48 | -40.96 | -12.44 | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 1.63 | 2.15 | 1.26 | 0.96 | 2.73 | 3.84 |
| ROA %i | 0.84 | 1.22 | 0.74 | 0.62 | 1.97 | 2.50 |
| ROIC %i | 3.05 | 3.22 | 2.38 | 1.70 | 2.19 | 3.09 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 7.69 | 8.79 | 7.52 | 8.06 | 8.29 | 8.82 |
| FCF / sales %i | -- | 1.06 | 2.02 | 0.51 | -- | -- |
| Current ratioi | 3.90 | 3.73 | 3.94 | 3.76 | 8.78 | 3.77 |
| Quick ratioi | 0.83 | 1.16 | 1.20 | 1.27 | 6.10 | 1.16 |
| Debt / assetsi | 29.10 | 26.06 | 25.23 | 16.90 | 12.16 | 23.32 |
| LT debt / equityi | 51.11 | 41.85 | 39.27 | 22.87 | 13.98 | 33.87 |
| Interest coveragei | 2.68 | 3.64 | 3.91 | 4.36 | -- | 11.98 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Services is the largest reported line at 54.71% of revenue, across 2 reported segments.
- Products follows at 45.29%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Services54.71%
Products45.29%
Quote time 2026-10-08 06:25:33 · For reference only, not investment advice and not tailored to your situation.