VSE Corporation (VSEC)
NASDAQ: VSEC · Real-Time Price · USD
190.23
+17.42 (10.08%)
Nov 9, 2026, 2:37 PM EST - Market open
VSE Corporation Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash & Equivalents | 65.79 | 69.36 | 29.51 | 7.77 | 0.31 | 0.52 |
Cash & Short-Term Investments | 65.79 | 69.36 | 29.51 | 7.77 | 0.31 | 0.52 |
Cash Growth | 648.93% | 135.07% | 279.83% | 2446.88% | -41.12% | 37.04% |
Accounts Receivable | 351.48 | 232.2 | 188.06 | 136.01 | 98.01 | 108.47 |
Receivables | 351.48 | 232.2 | 188.06 | 136.01 | 98.01 | 111.29 |
Inventory | 893.01 | 553.83 | 434.06 | 500.86 | 380.44 | 322.7 |
Prepaid Expenses | 45.46 | 37.94 | 30.9 | 36.39 | - | - |
Other Current Assets | - | - | 282.82 | 93 | 70.13 | 29.48 |
Total Current Assets | 1,356 | 893.33 | 965.35 | 774.03 | 548.88 | 463.99 |
Property, Plant & Equipment | 265.77 | 141.25 | 114.27 | 86.76 | 62.06 | 69.81 |
Long-Term Investments | 4.46 | 1.24 | 4.09 | 2.84 | 6.62 | - |
Goodwill | 1,854 | 641.24 | 428.26 | 351.78 | 217.26 | 248.75 |
Other Intangible Assets | 950.5 | 295.96 | 197.16 | 114.13 | 86.56 | 108.26 |
Other Long-Term Assets | 20.87 | 28.52 | 33.5 | 20.8 | 78.41 | 27.74 |
Total Assets | 4,480 | 2,029 | 1,743 | 1,350 | 999.79 | 918.56 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Accounts Payable | 211.02 | 154.51 | 145.49 | 173.04 | 128.5 | 115.06 |
Accrued Expenses | 88.03 | 43.77 | 30.73 | 21.75 | 20.18 | 28.91 |
Current Portion of Long-Term Debt | 32.34 | 8.05 | 30 | 22.5 | 10 | 14.16 |
Current Portion of Leases | - | 6.31 | 4.78 | 4.96 | 3.18 | 5.99 |
Current Income Taxes Payable | - | 2.12 | 0.81 | 0.12 | - | - |
Current Unearned Revenue | 11.46 | 6.89 | 4.48 | 2.79 | - | 7.15 |
Other Current Liabilities | 30.18 | 15.86 | 82.21 | 61.74 | 62.74 | 8.69 |
Total Current Liabilities | 373.03 | 237.51 | 298.5 | 286.89 | 224.6 | 179.96 |
Long-Term Debt | 927.6 | 285.3 | 400.17 | 406.84 | 276.3 | 270.41 |
Long-Term Leases | 75.82 | 43.69 | 39.5 | 24.96 | 19.15 | 27.17 |
Long-Term Deferred Tax Liabilities | 107.34 | 12.39 | - | 6.99 | 4.76 | 9.11 |
Other Long-Term Liabilities | 13.49 | 10.87 | 16.27 | 7.94 | 25.45 | 14.58 |
Total Liabilities | 1,497 | 589.77 | 754.44 | 733.61 | 550.26 | 501.23 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Common Stock | 1.4 | 1.17 | 1.03 | 0.79 | 0.64 | 0.64 |
Additional Paid-In Capital | 2,487 | 1,041 | 591.6 | 229.1 | 92.62 | 88.52 |
Retained Earnings | 492.07 | 395.64 | 392.48 | 384.7 | 351.3 | 328.36 |
Comprehensive Income & Other | 2.21 | 0.51 | 3.07 | 2.13 | 4.97 | -0.18 |
Shareholders' Equity | 2,983 | 1,439 | 988.19 | 616.73 | 449.53 | 417.33 |
Total Liabilities & Equity | 4,480 | 2,029 | 1,743 | 1,350 | 999.79 | 918.56 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Total Debt | 1,036 | 343.36 | 474.45 | 459.26 | 308.64 | 317.73 |
Net Cash (Debt) | -969.97 | -274 | -444.95 | -451.49 | -308.33 | -317.21 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -22.49 | -12.90 | -24.75 | -31.83 | -24.04 | -25.11 |
Filing Date Shares Outstanding | 31.48 | 27.99 | 20.6 | 15.77 | 12.84 | 12.74 |
Total Common Shares Outstanding | 31.48 | 23.4 | 20.59 | 15.76 | 12.82 | 12.73 |
Working Capital | 982.71 | 655.82 | 666.85 | 487.14 | 324.27 | 284.03 |
Book Value Per Share | 94.74 | 61.49 | 47.99 | 39.14 | 35.07 | 32.79 |
Tangible Book Value | 178.69 | 501.6 | 362.77 | 150.81 | 145.71 | 60.32 |
Tangible Book Value Per Share | 5.68 | 21.44 | 17.62 | 9.57 | 11.37 | 4.74 |
Land | - | 1.21 | 0.98 | 1.62 | 1.62 | 4.73 |
Buildings | - | 24.46 | 11 | 24.56 | 20.87 | 29.6 |
Machinery | - | 78.29 | 55.77 | 49.52 | 44.26 | 67.46 |
Construction In Progress | - | 8.68 | 15.98 | 13.68 | - | - |
Leasehold Improvements | - | 12.67 | 8.63 | 6.15 | 4.44 | 7.16 |