VSE Corporation

VSE Corporation

172.81
USD
+8.10
(+4.92%)
3.23EPS
78.03P/E
6.41BMarket Cap
Mar 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
44.25
39.6
49.69
64.09
70.16
64.1
68.68
59.96
38.35
52.38
38.5
38.19
47.54
- -
Basic EPS, GAAP
2.14
1.81
2.32
2.48
3.61
3.23
3.38
-0.47
0.63
2.2
2.77
0.74
0.5
- -
Free Cash Flow per Basic Share
4.9
4.32
2.51
3.77
4.31
1.45
0.76
2.84
-2.24
-0.25
-2.87
-2.51
0.24
- -
Dividend per Share
0.17
0.19
0.21
0.23
0.26
0.3
0.34
0.36
0.35
0.4
0.38
0.34
0.35
0.25
Book Value per Share
17.51
19.17
21.33
23.63
27.04
30.17
33.1
32.23
32.79
35.07
39.14
47.99
61.49
- -
Tangible Book Value per Share
1.17
3.85
-10.44
-6.51
-1.52
3.2
-4.15
1.32
4.74
11.37
9.57
17.62
21.44
- -
Basic Weighted Avg Shares
11
11
11
11
11
11
11
11
13
13
14
21
23
28
Sales/Revenue/Turnover
472
424
534
692
760
697
753
662
481
669
544
786
1,112
- -
Operating Margin (%)
9.35
8.71
9.46
7.45
7.15
7.53
8.01
8.28
-0.56
8.01
9.22
9.03
10.68
- -
Depreciation Expense
20
19
26
26
26
25
27
24
25
25
23
29
40
- -
Net Income, GAAP
23
19
25
27
39
35
37
-5
8
28
39
15
12
- -
Effective Tax Rate (%)
37.39
37.81
39.22
35.71
13.28
22.47
20.25
1,311.01
- -
25.35
23.58
18.51
22.52
- -
Profit Margin (%)
4.85
4.57
4.67
3.87
5.14
5.03
4.92
-0.78
1.65
4.19
7.19
1.95
1.05
- -
Working Capital
48
35
101
110
135
176
191
216
284
324
487
667
656
- -
LT Debt
90
48
238
216
186
170
278
254
298
295
432
440
329
- -
Total Equity
187
205
229
255
293
328
363
356
417
450
617
988
1,439
- -
Return on Invested Capital (%)
8.72
7.91
8.05
6.78
9.63
8.46
8.22
-26.07
- -
5.37
4.19
3.78
4.29
- -
Return on Capital (%)
8.36
7.53
8.05
6.78
9.63
8.46
8.22
-26.03
- -
5.55
6.86
3.45
1.7
- -
Return on Common Equity (%)
13.02
9.87
11.46
11.06
14.26
11.29
10.71
-1.44
2.06
6.47
7.34
1.91
0.96
- -

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
30
32
- -
LT Borrowings
331
915
- -
LT Finance Leases
42
79
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
28
28
31
Market Capitalization
5,173
6,412
5,185

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
2,161
1,325
- -
Cash, Cash Equivalents & STI
1,239
75
- -
Accounts Receivable, Net
217
275
- -
Inventories
626
867
- -
Total Current Liabilities
246
352
- -
Payables & Accruals
216
286
- -
ST Debt
30
32
- -
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
21.47%
33.57%
45.6%
Free Cash Flow
104.61%
163.86%
-111.03%
Net Income, GAAP
-11.21%
-9.36%
-23.63%
Sales/Revenue/Turnover
10.61%
15.81%
41.46%
Total Cash Common Dividend
14.02%
16.05%
17.04%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
162
193
204
299
786
2025
256
272
283
301
1,112
2026
325
449
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.42
-0.16
0.63
0.63
0.74
2025
-0.44
0.15
0.19
0.58
0.5
2026
1.06
0.92
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.09
0.1
0.1
0.34
2025
0.1
0.1
0.1
0.09
0.35
2026
0.09
0.09
- -
- -
- -

Company Description

CEO
John Anthony Cuomo
Full Time Employees
1,600
Sector
Industrial services
Industry
Engineering & construction
Address
3361 Enterprise Way Miramar FL United States 33025
IPO Date
Oct 22, 1982
Business
VSE Corporation (VSEC), founded in 1959 and headquartered in Miramar, Florida, provides aftermarket distribution and maintenance, repair, and overhaul (MRO) services for aviation and fleet assets; its aviation segment offers technical and proprietary parts distribution, component and engine accessory MRO services, rotable exchanges, supply chain management, wheel and brake repairs, pneumatics, fuel accessories, electrical accessories, avionics, and engine and airframe components to commercial airlines, business and general aviation operators, cargo transporters, military/defense platforms, rotorcraft, and fixed-base operators globally across North America, Europe, and other regions; its fleet segment delivers parts distribution, engineering solutions, and supply chain services for medium- and heavy-duty truck and trailer markets. The company operates through these two primary segments, enhancing the productivity and longevity of customers' high-value assets with approximately 1,400 employees and a focus on OEM-aligned partnerships. Recent strategic developments include the October 2024 acquisition of Kellstrom Aerospace, expanding commercial aerospace aftermarket products and services with $175 million in trailing revenue and expected $4 million in synergies; the October 2025 announcement of the Aero 3 acquisition for $350 million, adding nine global wheel and brake MRO facilities, OEM distribution, and proprietary solutions to create 12 repair sites across the U.S., Canada, and U.K. while boosting adjusted EBITDA margins; record third-quarter 2025 aviation revenue of $282.9 million, up 38.9% year-over-year; and public offerings of common stock in October 2025 to fund growth initiatives.

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