20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
VSE Corporation (VSEC) operates in the AEROSPACE & DEFENSE industry and is headquartered in Miramar, United States with about 1,600 employees. Its market capitalization is roughly $5 billion. In the fiscal year ended 2025-12-31, VSEC reported $1.1B in revenue and $53M in net income.
VSE Corporation engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.4B | $1.1B | $1.1B | $860M | $669M | $751M | $662M | $753M | $697M | $760M | $692M | $534M | $424M | $472M | $547M | $619M | $866M | $1.0B | $1.0B | $653M | $364M |
| Gross Profit | $190M | $132M | $108M | $96M | $57M | $25M | $58M | $64M | $56M | $57M | $58M | $54M | $41M | $47M | $56M | $42M | $40M | $40M | $32M | $24M | $13M |
| Gross Margin % | 14.0% | 11.9% | 10.0% | 11.1% | 8.6% | 3.4% | 8.8% | 8.6% | 8.1% | 7.5% | 8.4% | 10.1% | 9.7% | 10.1% | 10.2% | 6.8% | 4.7% | 3.9% | 3.1% | 3.6% | 3.5% |
| Operating Income (EBIT) | $152M | $125M | $103M | $92M | $54M | $22M | $57M | $63M | $53M | $54M | $52M | $51M | $38M | $44M | $52M | $38M | $38M | $38M | $31M | $22M | $12M |
| Operating Margin % | 11.2% | 11.2% | 9.5% | 10.7% | 8.0% | 2.9% | 8.5% | 8.3% | 7.6% | 7.1% | 7.4% | 9.5% | 8.9% | 9.3% | 9.5% | 6.2% | 4.4% | 3.8% | 3.0% | 3.4% | 3.3% |
| Net Income | $75M | $53M | $31M | $39M | $28M | $8M | ($5M) | $37M | $35M | $39M | $27M | $25M | $19M | $23M | $21M | $21M | $24M | $24M | $19M | $14M | $8M |
| Net Margin % | 5.5% | 4.8% | 2.8% | 4.5% | 4.2% | 1.1% | -0.8% | 4.9% | 5.0% | 5.1% | 3.9% | 4.7% | 4.6% | 4.9% | 3.9% | 3.3% | 2.7% | 2.4% | 1.8% | 2.2% | 2.1% |
| EBITDA | $177M | $130M | $110M | $111M | $78M | $47M | $38M | $87M | $79M | $80M | $78M | $76M | $56M | $64M | $72M | $52M | $47M | $46M | $37M | $26M | $14M |
| Earnings Per Share (EPS) | $2.73 | $2.52 | $1.70 | $2.76 | $2.19 | $0.63 | $-0.47 | $3.35 | $3.21 | $3.60 | $2.47 | $2.31 | $1.80 | $2.14 | $2.01 | $1.95 | $2.27 | $2.33 | $1.87 | $1.41 | $0.80 |
| Shares Outstanding (M) | 31M | 21M | 18M | 14M | 13M | 13M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 10M | 10M | 10M | 10M | 10M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $449M | $325M | $301M | $283M | $272M | $256M | $299M | $204M |
| Gross Profit | $76M | $39M | $40M | $34M | $31M | $27M | $32M | $22M |
| Gross Margin % | 17.0% | 12.0% | 13.4% | 12.0% | 11.4% | 10.5% | 10.8% | 10.8% |
| Operating Income (EBIT) | $49M | $33M | $36M | $33M | $24M | $26M | $33M | $21M |
| Operating Margin % | 10.9% | 10.1% | 12.1% | 11.8% | 8.6% | 10.0% | 10.9% | 10.2% |
| Net Income | $29M | $29M | $14M | $4M | $16M | ($9M) | $16M | $12M |
| Net Margin % | 6.3% | 8.9% | 4.5% | 1.3% | 6.0% | -3.6% | 5.2% | 5.7% |
| EBITDA | $68M | $45M | $42M | $21M | $33M | $34M | $36M | $27M |
| Earnings Per Share (EPS) | $0.91 | $1.04 | $0.60 | $0.18 | $0.79 | $-0.44 | $0.76 | $0.63 |
| Shares Outstanding (M) | 31M | 28M | 23M | 21M | 21M | 21M | 21M | 18M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $27M | $27M | ($31M) | ($22M) | $8M | ($18M) | $36M | $18M | $19M | $50M | $47M | $38M | $50M | $57M | $59M | $34M | $18M | $24M | $23M | $8M | $2M |
| Capital Expenditures (CapEx) | $28M | $21M | $21M | $19M | $11M | $11M | $4M | $10M | $3M | $4M | $7M | $11M | $3M | $4M | $21M | $7M | $5M | $9M | $10M | $9M | $6M |
| Free Cash Flow (FCF) | ($1M) | $6M | ($52M) | ($40M) | ($3M) | ($28M) | $31M | $8M | $16M | $47M | $41M | $27M | $46M | $52M | $39M | $28M | $13M | $16M | $13M | $0M | ($4M) |
| FCF Margin % | -0.1% | 0.5% | -4.8% | -4.7% | -0.5% | -3.8% | 4.7% | 1.1% | 2.3% | 6.1% | 5.9% | 5.1% | 10.9% | 11.1% | 7.1% | 4.5% | 1.5% | 1.6% | 1.2% | -0.1% | -1.1% |
| Dividends Paid | $9M | $8M | $7M | $5M | $5M | $4M | $4M | $4M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $28M | ($62M) | $38M | $24M | $12M | ($47M) | $55M | $10M |
| Capital Expenditures (CapEx) | $9M | $6M | $7M | $6M | $6M | $3M | $3M | $6M |
| Free Cash Flow (FCF) | $19M | ($69M) | $31M | $18M | $6M | ($50M) | $52M | $4M |
| FCF Margin % | 4.2% | -21.2% | 10.2% | 6.4% | 2.3% | -19.3% | 17.4% | 2.2% |
| Dividends Paid | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B | $2.0B | $1.7B | $1.4B | $1.0B | $919M | $780M | $846M | $639M | $629M | $662M | $622M | $355M | $381M | $410M | $455M | $288M | $254M | $276M | $172M | $99M |
| Cash & Cash Equivalents | $75M | $69M | $29M | $8M | $0M | $1M | $0M | $1M | $0M | $1M | $0M | $1M | $0M | $0M | $2M | $0M | $6M | $8M | $1M | $0M | $9M |
| Total Liabilities | $1.5B | $590M | $746M | $734M | $550M | $501M | $424M | $483M | $310M | $336M | $407M | $388M | $150M | $194M | $246M | $311M | $165M | $153M | $200M | $115M | $60M |
| Total Debt (Short + Long-Term) | $947M | $299M | $437M | $434M | $289M | $291M | $255M | $274M | $181M | $193M | $237M | $233M | $73M | $115M | $167M | $197M | $38M | $0M | $7M | $0M | $0M |
| Total Shareholders' Equity | $2.9B | $1.4B | $988M | $617M | $450M | $417M | $356M | $363M | $328M | $293M | $255M | $229M | $205M | $187M | $164M | $144M | $124M | $101M | $76M | $56M | $38M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive VSEC viewer.
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