VSE Corporation (VSEC)
NASDAQ: VSEC · Real-Time Price · USD
185.15
+8.23 (4.65%)
May 29, 2026, 4:00 PM EDT - Market closed
VSE Corporation Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 1,181 | 1,112 | 786.26 | 544.02 | 669.45 | 481.38 | |
Revenue Growth (YoY) | 34.20% | 41.47% | 44.53% | -18.74% | 39.07% | -27.25% |
Cost of Revenue | 1,008 | 954.15 | 684.04 | 475.01 | 596.47 | 464.88 |
Gross Profit | 173.18 | 158.13 | 102.22 | 69.01 | 72.97 | 16.5 |
Selling, General & Admin | 23.13 | 13.34 | 13.63 | 7.12 | 3.64 | 3.45 |
Depreciation & Amortization Expenses | 28.91 | 26 | 17.63 | 11.74 | 15.74 | 15.76 |
Other Operating Expenses | 23.3 | 29.2 | 12.21 | - | - | - |
Total Operating Expenses | 75.34 | 68.54 | 43.46 | 18.87 | 19.37 | 19.21 |
Operating Income | 65.35 | 89.6 | 58.76 | 50.15 | 53.6 | -2.71 |
Interest Expense | -11.22 | -20.56 | -34.95 | -31.09 | -17.89 | -12.06 |
Total Non-Operating Income (Expense) | -11.22 | -20.56 | -34.95 | -31.09 | -17.89 | -12.06 |
Pretax Income | 86.62 | 69.04 | 23.81 | 19.06 | 35.71 | -14.77 |
Provision for Income Taxes | 18.04 | 15.55 | 4.41 | 4.5 | 9.05 | -3.77 |
Net Income | 49.73 | 11.7 | 15.32 | 39.13 | 28.06 | 7.97 |
Earnings From Discontinued Operations | -18.85 | -41.79 | -4.08 | 24.57 | 1.4 | 18.97 |
Net Income to Common | 49.73 | 11.7 | 15.32 | 39.13 | 28.06 | 7.97 |
Net Income Growth | 283.67% | -23.63% | -60.84% | 39.47% | 252.23% | - |
Shares Outstanding (Basic) | 23 | 21 | 18 | 14 | 13 | 13 |
Shares Outstanding (Diluted) | 23 | 21 | 18 | 14 | 13 | 13 |
Shares Change (YoY) | 20.06% | 18.15% | 26.72% | 10.58% | 1.54% | 14.49% |
EPS (Basic) | 0.44 | 0.55 | 0.86 | 2.77 | 2.09 | -0.88 |
EPS (Diluted) | 0.44 | 0.55 | 0.85 | 2.76 | 2.08 | -0.87 |
EPS Growth | -18.52% | -35.29% | -69.20% | 32.69% | - | - |
Shares Outstanding | 28.06 | 23.4 | 20.59 | 15.76 | 12.82 | 12.73 |
Free Cash Flow | -13.51 | 5.71 | -51.74 | -40.5 | -3.16 | -28.12 |
Free Cash Flow Per Share | -0.59 | 0.27 | -2.88 | -2.85 | -0.25 | -2.23 |
Dividends Per Share | 0.400 | 0.400 | 0.400 | 0.400 | 0.400 | 0.370 |
Dividend Growth | - | - | - | - | 8.11% | 2.78% |
Gross Margin | 14.67% | 14.22% | 13.00% | 12.69% | 10.90% | 3.43% |
Operating Margin | 5.53% | 8.06% | 7.47% | 9.22% | 8.01% | -0.56% |
Profit Margin | 3.92% | 4.81% | 2.47% | 2.68% | 3.98% | -2.29% |
FCF Margin | -1.14% | 0.51% | -6.58% | -7.44% | -0.47% | -5.84% |
EBITDA | 108.11 | 129.52 | 87.52 | 73.56 | 78.21 | 21.88 |
EBITDA Margin | 9.16% | 11.64% | 11.13% | 13.52% | 11.68% | 4.55% |
EBIT | 65.35 | 89.6 | 58.76 | 50.15 | 53.6 | -2.71 |
EBIT Margin | 5.53% | 8.06% | 7.47% | 9.22% | 8.01% | -0.56% |
Effective Tax Rate | 20.83% | 22.52% | 18.51% | 23.58% | 25.35% | 25.51% |