VSE Corporation

VSE Corporation

VSECU
VSE CorporationUS flagNASDAQ
44.72
USD
+0.91
- -
1.02BMarket Cap
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
52.98
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
2.93
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
-0.62
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
0.36
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
104.53
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
6.09
Basic Weighted Avg Shares
11
11
11
11
11
11
11
11
13
13
14
21
23
26
Sales/Revenue/Turnover
472
424
534
692
760
697
753
662
481
669
544
786
1,112
1,358
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
10.87
Depreciation Expense
20
19
26
26
26
25
27
24
25
25
23
29
40
57
Net Income, GAAP
23
19
25
27
39
35
37
-5
8
28
39
15
12
75
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
23.99
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
5.53
Working Capital
48
35
101
110
135
176
191
216
284
324
487
667
656
974
LT Debt
90
48
238
216
186
170
278
254
298
295
432
440
329
994
Total Equity
187
205
229
255
293
328
363
356
417
450
617
988
1,439
2,933
Return on Invested Capital (%)
8.72
7.91
8.05
6.78
9.63
8.19
8.22
-102.53
- -
5.37
4.19
4.57
5.69
4.19
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
3.13
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
3.84

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14
30
32
LT Borrowings
285
331
915
LT Finance Leases
44
42
79
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
28
28
Market Capitalization
- -
1,411
1,618

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
893
2,161
1,325
Cash, Cash Equivalents & STI
69
1,239
75
Accounts Receivable, Net
191
217
275
Inventories
554
626
867
Total Current Liabilities
238
246
352
Payables & Accruals
185
216
286
ST Debt
14
30
32
Deferred Revenue
7
- -
- -

Growth Rates

FRC

•

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

FRC

•

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

FRC

•

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

FRC

•

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 A. Cuomo
Full Time Employees
1,600
Sector
Industrials
Industry
Aerospace & Defense
Address
3361 Enterprise Way Miramar FL United States of America 33025
IPO Date
Feb 5, 2026
Business
VSE Corporation is a leading provider of aftermarket distribution and maintenance, repair, and overhaul (MRO) services for aerospace and fleet assets. Founded in 1959 and headquartered in Alexandria, Virginia, the company operates globally to support commercial aviation, military/defense, rotorcraft, and fleet customers with integrated parts distribution, MRO services, rotable exchange, supply chain solutions, and e-commerce fulfillment capabilities. Its operations span aviation aftermarket distribution, engine accessory MRO, and fleet parts distribution, complemented by engineering, logistics, and distribution services designed to maximize asset availability and uptime. VSE’s strategic focus centers on expanding high-growth aftermarket segments through selective acquisitions, new distribution centers, and expanded manufacturing and licensing initiatives, including European expansion, to enhance service reach and customer value. Core offerings include parts distribution, component and engine accessory MRO, rotable exchange, supply chain management, engineering solutions, and dedicated e-commerce fulfillment, supported by specialized distribution centers and integrated logistics networks. The company maintains a diversified customer base across commercial aviation operators, cargo carriers, business and general aviation, rotorcraft operators, and government/military fleets, with ongoing initiatives to broaden product categories, deepen OEM partnerships, and optimize aftermarket throughput. VSE’s integrated platform combines inventory management, repair capabilities, and online procurement tools to streamline access to high-value parts and services for its global client base. Subsidiaries and strategic acquisitions—such as entities in MRO and distribution domains—accelerate scale and geographic reach, reinforcing VSE’s position as a premier aftermarket partner in the aviation and fleet ecosystems.

Company News

  • VSE Corporation (VSEC) Q1 2026 Earnings Call Transcript