VSE Corporation (VSEC)

VSE Corporation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,080	860.49	669.45	481.38	661.66
Revenue Growth (YoY)	25.53%	28.54%	39.07%	-27.25%	-12.09%
Cost of Revenue	954.18	750.5	596.47	464.88	586.27
Gross Profit	125.95	109.99	72.97	16.5	75.39
Selling, General & Admin	9.68	3.92	3.64	2.95	3.12
Operating Expenses	27.43	18.3	19.37	18.71	20.62
Operating Income	98.52	91.7	53.6	-2.21	54.76
Interest Expense	-34.94	-31.08	-17.89	-12.06	-13.5
EBT Excluding Unusual Items	63.59	60.61	35.71	-14.27	41.27
Merger & Restructuring Charges	-8.6	-3.7	-	-0.5	-
Impairment of Goodwill	-	-	-	-	-30.9
Gain (Loss) on Sale of Assets	-	-	-	-	-7.11
Asset Writedown	-8.51	-	-	-	-2.83
Pretax Income	46.48	56.91	35.71	-14.77	0.43
Income Tax Expense	9.98	13.76	9.05	-3.77	5.6
Earnings From Continuing Operations	36.5	43.15	26.66	-11	-5.17
Earnings From Discontinued Operations	-21.17	-4.02	1.4	18.97	-
Net Income	15.32	39.13	28.06	7.97	-5.17
Net Income to Common	15.32	39.13	28.06	7.97	-5.17
Net Income Growth	-60.84%	39.47%	252.23%	-	-
Shares Outstanding (Basic)	18	14	13	13	11
Shares Outstanding (Diluted)	18	14	13	13	11
Shares Change (YoY)	26.72%	10.58%	1.54%	14.49%	-0.10%
EPS (Basic)	0.86	2.77	2.20	0.63	-0.47
EPS (Diluted)	0.85	2.76	2.19	0.63	-0.47
EPS Growth	-69.09%	25.93%	244.93%	-	-
Free Cash Flow	-51.74	-40.5	-3.16	-28.12	31.33
Free Cash Flow Per Share	-2.88	-2.85	-0.25	-2.23	2.84
Dividend Per Share	0.400	0.400	0.400	0.370	0.360
Dividend Growth	-	-	8.11%	2.78%	2.86%
Gross Margin	11.66%	12.78%	10.90%	3.43%	11.39%
Operating Margin	9.12%	10.66%	8.01%	-0.46%	8.28%
Profit Margin	1.42%	4.55%	4.19%	1.65%	-0.78%
Free Cash Flow Margin	-4.79%	-4.71%	-0.47%	-5.84%	4.74%
EBITDA	127.29	115.11	78.21	22.38	78.9
EBITDA Margin	11.78%	13.38%	11.68%	4.65%	11.92%
D&A For EBITDA	28.76	23.42	24.6	24.59	24.14
EBIT	98.52	91.7	53.6	-2.21	54.76
EBIT Margin	9.12%	10.66%	8.01%	-0.46%	8.28%
Effective Tax Rate	21.48%	24.18%	25.35%	-	1311.01%
Revenue as Reported	1,080	860.49	669.45	481.38	661.66

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q