VSE Corporation (VSEC)
NASDAQ: VSEC · Real-Time Price · USD
241.82
+10.92 (4.73%)
Aug 14, 2026, 4:00 PM EDT - Market closed

VSE Corporation Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 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

Fiscal YearTTMFY 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

Fiscal YearCurrentFY 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

Fiscal YearTTMFY 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

Fiscal YearTTMFY 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

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '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
0.17%0.23%0.42%0.63%0.87%0.62%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
74.46345.34126.6726.0021.3997.25
Forward PE
32.6144.0826.2817.8814.2716.56
P/FCF Ratio
-707.91----
PS Ratio
5.003.632.471.870.901.61