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VSE Corporation (VSEC)
NASDAQ: VSEC · Real-Time Price · USD
142.17
-5.98 (-4.04%)
At close: Oct 23, 2026, 4:00 PM EDT
143.70
+1.53 (1.08%)
After-hours: Oct 23, 2026, 7:31 PM EDT

VSE Corporation Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
1,3581,112786.26544.02669.45481.38
Revenue Growth
41.55%41.47%44.53%-18.74%39.07%-27.25%
Gross Profit
212.1158.13102.2269.0172.9716.5
Operating Income
164.7812580.0653.8553.6-2.21
Net Income
75.0611.715.3239.1328.067.97
Earnings Per Share
2.920.550.852.762.190.63
EPS Growth
208.16%-35.25%-69.11%26.17%244.93%-

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Commercial
1,3421,108779.01539.59403.16245.38
Government
15.94.187.254.434.962.47
Revenue (Total)
1,3581,112786.26544.02669.45481.38

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
75.3669.3629.517.770.310.52
Total Debt
1,026343.36474.45459.26308.64317.73
Net Cash (Debt)
-950.31-274-444.95-451.49-308.33-317.21
Net Cash Growth
------
Net Cash Per Share
-37.01-12.90-24.75-31.83-24.04-25.11

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
27.0226.99-31.04-21.838.05-17.6
Capital Expenditures
-28.14-21.28-20.7-18.67-11.21-10.52
Free Cash Flow
-1.125.71-51.74-40.5-3.16-28.12
Free Cash Flow Growth
------

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
15.62%14.22%13.00%12.68%10.90%3.43%
Operating Margin
12.14%11.24%10.18%9.90%8.01%-0.46%
Pretax Margin
8.09%6.21%3.03%3.50%5.33%-3.07%
Profit Margin
5.53%1.05%1.95%7.19%4.19%1.65%
FCF Margin
-0.08%0.51%-6.58%-7.44%-0.47%-5.84%

Dividends
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
0.4000.4000.4000.4000.4000.370
Dividend Per Share Growth
0%0%0%0%8.11%2.78%
Dividend Yield
0.28%0.23%0.42%0.62%0.85%0.61%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
48.68345.34126.6726.0021.3997.25
Forward PE
19.2844.0826.2817.8814.2716.56
P/FCF Ratio
-707.91----
PS Ratio
3.303.632.471.870.901.61