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VSE CORP

VSEC

Companies in Services-Engineering Services

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Financial Statements

Values in Millions ($)
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
1,23969917630819118214
Accounts Receivable Net Current
217191176183170158163168145128129114
Unbilled Receivables Current
----------66
Contract With Customer Asset Net
4641343431303029118--
Inventory Finished Goods
626554464463441434534532521501494428
Other Assets Current
------414855362215
Prepaid Expense And Other Assets Current
343839566231---36--
Assets Of Disposal Group Including Discontinued Op…
-0002602830009398107
Assets Current
2,161893722754969965775796743774770674
Assets Noncurrent
Property Plant And Equipment Net
949183807171757367585344
Intangible Assets Net Excluding Goodwill
31929620220919119716116511111411983
Goodwill
639641429429424428391390351352346222
Operating Lease Right Of Use Asset
485043444543343435292520
Notes And Loans Receivable Net Noncurrent
28272625-0-0----
Other Assets Noncurrent
223055393338293530243030
Disposal Group Including Discontinued Operation Ot…
---------000
Assets
3,3112,0291,5601,6021,7331,7431,4641,4941,3371,3501,3431,073
Liabilities And Stockhold…
Liabilities Current
Long Term Debt Current
30888630303030231910
Accounts Payable Current
148155112140141145123145155173138105
Accrued Liabilities Current
667361524753564936363330
Dividends Payable Current
322222222221
Liabilities Of Disposal Group Including Discontinu…
-0005368000536064
Liabilities Current
246238183202248299210226223287252210
Liabilities Noncurrent
Long Term Debt Noncurrent
331285349372459400420434452407442365
Deferred Compensation Liability Classified Noncurr…
567877888878
Operating Lease Liability Noncurrent
424438383939293731252218
Disposal Group Including Discontinued Operation Ot…
---------000
Deferred Income Tax Liabilities Net
1712---00477104
Other Liabilities Noncurrent
45033995300-
Liabilities
644590577623757754676713724734733604
Stockholders Equity
Common Stock Value
111111111111
Additional Paid In Capital Common Stock
2,2421,04159759559259240540423122922796
Retained Earnings Accumulated Deficit
422396384383381392382372377385375367
Accumulated Other Comprehensive Income Loss Net Of…
111123055275
Stockholders Equity
2,6661,439983980976988788781613617610469
Liabilities And Stockholders Equity
3,3112,0291,5601,6021,7331,7431,4641,4941,3371,3501,3431,073
Allowance For Doubtful Accounts Receivable Current
7-555-755-43
Accumulated Depreciation Depletion And Amortizatio…
38-312724-454347-35-34
Finite Lived Intangible Assets Accumulated Amortiz…
112-948780-797470-132-129
Common Stock Par Or Stated Value Per Share
0.050.050.050.050.050.050.050.050.050.050.050.05
Common Stock Shares Authorized
444444444644464646464646
Common Stock Shares Issued
282321212121181816161613
Shares Outstanding
282321212121181816161613

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
2026-4.09%13.95%----------
20252.21%2.34%7.46%6.68%2.81%1.93%-6.43%-2.07%19.36%-21.91%-0.21%-25.23%
20241.46%9.42%13.77%8.02%3.74%23.63%0.68%-16.88%-8.80%2.83%0.46%11.80%
2023---0.63%11.41%3.03%7.23%8.58%-0.03%4.28%-0.93%2.13%

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Performance and Valuation Metrics

Metrics
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
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Liquidity Ratios
Current Ratio
8.78
3.76
3.94
3.73
3.90
3.23
3.69
3.53
3.33
2.70
3.06
3.21
Quick Ratio
6.10
1.27
1.20
1.16
1.88
1.68
1.15
1.17
0.99
0.83
1.09
1.17
Working Capital
1.91B
655.82M
538.93M
551.57M
720.56M
666.85M
565.19M
570.73M
520.05M
487.14M
518.22M
464.00M
Leverage & Debt
Debt to Equity
0.24
0.41
0.59
0.64
0.78
0.76
0.86
0.91
1.18
1.19
1.20
1.29
Interest Coverage TTM
4.46
3.14
2.22
2.22
1.58
1.33
1.26
1.37
1.82
1.98
2.87
2.89
Debt Ratio
0.19
0.29
0.37
0.39
0.44
0.43
0.46
0.48
0.54
0.54
0.55
0.56
Efficiency & Turnover
Asset Turnover TTM
0.47
0.59
0.69
0.62
0.57
0.51
0.57
0.64
0.70
0.73
0.63
0.66
Days Sales Outstanding TTM
59.66
57.24
59.59
66.87
65.32
66.40
67.05
62.70
56.64
46.35
55.34
59.62
Receivables Turnover TTM
6.12
6.38
6.13
5.46
5.59
5.50
5.44
5.82
6.44
7.87
6.60
6.12
Per Share Metrics
Diluted EPS TTM
1.79
0.55
0.54
0.91
0.62
0.85
0.75
0.68
1.47
2.76
2.15
2.50
Free Cash Flow Per Share TTM
-0.49
0.27
1.30
0.64
-0.70
-2.89
-4.55
-4.52
-4.80
-2.87
-3.47
-4.00
Dividend Per Share TTM
0.31
0.39
0.40
0.39
0.37
0.39
0.36
0.35
0.36
0.38
0.34
0.40
Margin Metrics
Gross Profit Margin TTM
47.71%
46.96%
47.51%
48.16%
48.96%
48.51%
43.07%
37.63%
32.51%
29.61%
22.20%
20.53%
Operating Profit Margin TTM
8.29%
8.06%
7.47%
9.12%
7.68%
7.47%
8.01%
8.37%
10.41%
10.23%
10.84%
10.35%
Net Profit Margin TTM
4.21%
1.05%
1.08%
1.97%
1.47%
1.95%
1.75%
1.43%
2.81%
4.55%
4.46%
4.87%
Growth Metrics
Net Revenue Growth (1Y)
34.20%
41.46%
30.76%
16.71%
5.47%
-8.63%
9.36%
24.10%
33.10%
28.54%
-6.72%
-18.42%
Net Income Growth (1Y)
283.67%
-23.63%
-19.25%
60.83%
-44.62%
-60.84%
-57.17%
-63.48%
-24.33%
39.47%
10.08%
11.12%
EPS Growth (1Y)
187.68%
-35.41%
-28.05%
33.46%
-57.61%
-69.05%
-65.13%
-72.56%
-38.42%
26.14%
-6.09%
10.19%
Valuation Metrics
P/E TTM
101.86
311.63
306.40
142.57
190.16
110.44
109.31
127.75
53.52
23.10
23.10
21.57
P/B TTM
1.90
2.53
3.49
2.76
2.53
1.71
1.92
1.93
2.04
1.47
1.23
1.48
P/S TTM
4.29
3.28
3.30
2.81
2.80
2.15
1.91
1.83
1.50
1.05
1.03
1.05
Market Cap
5.07B
3.65B
3.43B
2.70B
2.46B
1.69B
1.52B
1.50B
1.25B
904.18M
748.02M
695.34M
Enterprise Value
4.19B
3.91B
3.78B
3.06B
2.92B
2.09B
1.96B
1.95B
1.72B
1.33B
1.19B
1.07B
Calculated Values
Free Cash Flow TTM
-13.51M
5.71M
26.95M
13.32M
-14.46M
-51.74M
-83.78M
-77.53M
-75.77M
-40.50M
-52.11M
-51.51M
Net Debt
-878.43M
259.64M
347.31M
362.25M
454.50M
401.14M
442.43M
444.52M
471.05M
421.41M
439.94M
370.77M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-12Sale
Owner: Thomas, Benjamin E.
Title: Chief Operating Officer
Shares: 6,500
Price/Share: $196.82
Value: $1,279,330.00
Shares Owned: 42,839
Relationship: Officer
Ownership: Direct
2025-05-09Sale
Owner: Britt, Anita D
Title: -
Shares: 2,869
Price/Share: $129.38
Value: $371,191.22
Shares Owned: 3,837
Relationship: Director
Ownership: Direct
2024-08-29Sale
Owner: Koonce, Calvin Scott
Title: -
Shares: 15,300
Price/Share: $91.13
Value: $1,394,289.00
Shares Owned: 463,284
Relationship: TenPercentOwner
Ownership: Indirect
2024-08-28Sale
Owner: Koonce, Calvin Scott
Title: -
Shares: 13,700
Price/Share: $89.78
Value: $1,229,986.00
Shares Owned: 478,584
Relationship: TenPercentOwner
Ownership: Indirect

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Institutional Ownership

No data available for chart
2026-03-31
109.93%
Inst. Shares: 30,227,540
Shares Outstanding: 27,497,210
2025-12-31
105.81%
Inst. Shares: 22,366,291
Shares Outstanding: 21,138,691
2025-09-30
93.41%
Inst. Shares: 19,318,531
Shares Outstanding: 20,681,203
2025-06-30
91.99%
Inst. Shares: 19,014,770
Shares Outstanding: 20,670,239
2025-03-31
94.68%
Inst. Shares: 19,520,964
Shares Outstanding: 20,617,949

VSE CORP (VSEC) — SEC Financial Statements & Analysis

VSE CORP (VSEC) is a services-engineering services company, incorporated in DE. VSE CORP trades on VSECU: Nasdaq as: VSEC: Nasdaq. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), VSE CORP reported a 34.20% year-over-year revenue growth, a Gross Profit Margin of 47.71% (TTM), a Debt-to-Equity ratio of 0.24x, a Price-to-Sales (P/S) ratio of 4.29x (TTM), a Price-to-Book (P/B) ratio of 1.9 (TTM), at a market cap of $5.07B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
34.20%
Gross Profit Margin TTM
47.71%
Debt To Equity
0.24x
P/S TTM
4.29x
P/B TTM
1.9
Market Cap
$5.07B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is VSE CORP in?

VSE CORP (VSEC) operates in the Services-Engineering Services industry.

What is VSEC's market cap?

VSE CORP (VSEC) has a market capitalization of $5.07B as of 2026-03-31.

What is VSEC's P/E ratio?

VSE CORP (VSEC)'s trailing twelve month P/E ratio is 101.86x as of 2026-03-31.

What exchange does VSEC trade on?

VSE CORP (VSEC) trades on the VSECU: Nasdaq.

Where is VSE CORP incorporated?

VSE CORP is incorporated in DE.

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VSE CORP (VSEC) financial data sourced directly from SEC EDGAR filings — including the latest 10-K annual report, 10-Q quarterly filings, insider transactions (SEC Form 4), institutional ownership (SEC Form 13F), Earning Marker Reaction Heat Map and 50+ calculated financial metrics like Price to Earnings Ratio (P/E), Return on Equity (ROE), Debt to Equity (D/E), Free Cash Flow Per Share (FCF/S), and Return on Invested Capital (ROIC). Unlike platforms that rely on third-party data aggregators, GeminIQ parses raw SEC filings directly — delivering institutional-grade accuracy at a fraction of the cost of Bloomberg Terminal or S&P Capital IQ.