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 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 | 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 |
| 1,616 | 1,112 | 786.26 | 544.02 | 669.45 | 481.38 | |
Revenue Growth | 55.60% | 41.47% | 44.53% | -18.74% | 39.07% | -27.25% |
Cost of Revenue | 1,348 | 954.15 | 684.04 | 475.01 | 596.47 | 464.88 |
Gross Profit | 268.31 | 158.13 | 102.22 | 69.01 | 72.97 | 16.5 |
Selling, General & Admin | 8.26 | 7.14 | 4.53 | 3.42 | 3.64 | 2.95 |
Amortization of Goodwill & Intangibles | 57.28 | 26 | 17.63 | 11.74 | 15.74 | 15.76 |
Operating Expenses | 65.54 | 33.14 | 22.15 | 15.17 | 19.37 | 18.71 |
Operating Income | 202.77 | 125 | 80.06 | 53.85 | 53.6 | -2.21 |
Interest Expense | -19.76 | -20.56 | -34.95 | -31.09 | -17.89 | -12.06 |
Other Non Operating Income (Expenses) | -29.2 | -29.2 | - | - | - | - |
EBT Excluding Unusual Items | 153.81 | 75.24 | 45.11 | 22.76 | 35.71 | -14.27 |
Merger & Restructuring Charges | -20 | -6.2 | -9.1 | -3.7 | - | -0.5 |
Asset Writedown | - | - | -12.21 | - | - | - |
Pretax Income | 167.42 | 69.04 | 23.81 | 19.06 | 35.71 | -14.77 |
Income Tax Expense | 40.28 | 15.55 | 4.41 | 4.5 | 9.05 | -3.77 |
Earnings From Continuing Operations | 127.14 | 53.49 | 19.4 | 14.57 | 26.66 | -11 |
Earnings From Discontinued Operations | -8.73 | -41.79 | -4.08 | 24.57 | 1.4 | 18.97 |
Net Income | 118.41 | 11.7 | 15.32 | 39.13 | 28.06 | 7.97 |
Net Income to Common | 118.41 | 11.7 | 15.32 | 39.13 | 28.06 | 7.97 |
Net Income Growth | 957.41% | -23.63% | -60.84% | 39.47% | 252.23% | - |
Shares Outstanding (Basic) | 43 | 21 | 18 | 14 | 13 | 13 |
Shares Outstanding (Diluted) | 43 | 21 | 18 | 14 | 13 | 13 |
Shares Change | 625.28% | 18.15% | 26.72% | 10.58% | 1.54% | 14.49% |
EPS (Basic) | 2.77 | 0.55 | 0.86 | 2.77 | 2.20 | 0.63 |
EPS (Diluted) | 2.75 | 0.55 | 0.85 | 2.76 | 2.19 | 0.63 |
EPS Growth | 45.09% | -35.25% | -69.11% | 26.17% | 244.93% | - |
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 |
Free Cash Flow | 27.46 | 5.71 | -51.74 | -40.5 | -3.16 | -28.12 |
Free Cash Flow Per Share | 0.64 | 0.27 | -2.88 | -2.85 | -0.25 | -2.23 |
Dividend Per Share | 0.400 | 0.400 | 0.400 | 0.400 | 0.400 | 0.370 |
Dividend Growth | 0% | 0% | 0% | 0% | 8.11% | 2.78% |
Gross Margin | 16.60% | 14.22% | 13.00% | 12.68% | 10.90% | 3.43% |
Operating Margin | 12.55% | 11.24% | 10.18% | 9.90% | 8.01% | -0.46% |
Profit Margin | 7.33% | 1.05% | 1.95% | 7.19% | 4.19% | 1.65% |
Free Cash Flow Margin | 1.70% | 0.51% | -6.58% | -7.44% | -0.47% | -5.84% |
EBITDA | 279.81 | 164.92 | 108.82 | 77.26 | 78.21 | 22.38 |
EBITDA Margin | 17.32% | 14.83% | 13.84% | 14.20% | 11.68% | 4.65% |
D&A For EBITDA | 77.05 | 39.92 | 28.76 | 23.42 | 24.6 | 24.59 |
EBIT | 202.77 | 125 | 80.06 | 53.85 | 53.6 | -2.21 |
EBIT Margin | 12.55% | 11.24% | 10.18% | 9.90% | 8.01% | -0.46% |
Effective Tax Rate | 24.06% | 22.52% | 18.51% | 23.58% | 25.35% | - |
Revenue as Reported | 1,616 | 1,112 | 786.26 | 544.02 | 669.45 | 481.38 |