VSE Corporation

VSE Corporation

VSECU
VSE CorporationUS flagNASDAQ
51.60
USD
+0.24
- -
1.18BMarket Cap
VSE Corporation
VSECU
(NASDAQ)

Recent

price

51.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
78.14
55.5
51.76
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
51.2
Revenue per Share
2.28
1.96
2.02
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
2.16
Basic EPS, GAAP
1.27
2.68
3.69
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
-1.28
Free Cash Flow per Basic Share
0.11
0.13
0.15
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
0.37
Dividend per Share
10.41
12.16
13.9
15.75
17.29
19.36
21.52
24.78
27.73
30.55
29.51
26.21
27.54
27.28
19.11
16.96
18.35
Book Value per Share
6.02
-5.91
-1.91
1.17
3.85
-10.45
-6.52
-1.52
3.21
-4.15
1.32
4.81
11.4
10.67
17.62
21.44
74.08
Tangible Book Value per Share
10
10
11
11
11
11
11
11
11
11
11
13
13
14
21
23
23
Basic Weighted Avg Shares
811
581
547
472
424
534
692
760
697
753
662
481
669
544
786
1,112
1,181
Sales/Revenue/Turnover
4.68
6.21
9.53
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
10.26
Operating Margin (%)
9
15
21
20
19
26
26
26
25
27
24
25
25
23
29
40
43
Depreciation Expense
24
21
21
23
19
25
27
39
35
37
-5
8
28
39
15
12
50
Net Income, GAAP
37.72
37.67
37.6
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
20.83
Effective Tax Rate (%)
2.92
3.54
3.89
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
4.21
Profit Margin (%)
55
71
65
48
35
101
110
135
176
191
216
284
324
487
667
656
1,915
Working Capital
31
179
144
90
48
238
216
186
170
278
254
298
295
432
440
329
373
LT Debt
124
144
164
187
205
229
255
293
328
363
356
417
450
617
988
1,439
2,666
Total Equity
17.89
8.95
9.67
8.72
7.91
8.05
6.78
9.63
8.19
8.22
-102.53
- -
5.37
4.19
4.57
5.69
4.23
Return on Invested Capital (%)
20.46
9.71
8.08
8.87
8.07
8.51
7.1
10.13
8.92
8.63
-27.27
- -
6.34
8.36
5.11
3.44
6.97
Return on Capital (%)
24.46
17.47
15.54
14.52
10.97
12.68
12.17
15.62
12.31
11.64
-1.57
2.43
8.24
10.61
3.93
2.96
12.34
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
8
14
30
LT Borrowings
349
285
331
LT Finance Leases
38
44
42
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
21
23
28
Market Capitalization
- -
- -
1,160

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
722
893
2,161
Cash, Cash Equivalents & STI
9
69
1,239
Accounts Receivable, Net
176
191
217
Inventories
464
554
626
Total Current Liabilities
183
238
246
Payables & Accruals
176
185
216
ST Debt
8
14
30
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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.

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