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VSECVSE Corporation
$238.01$5.4B
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VSEC logoVSE Corporation(VSEC)Earnings, Financials & Key Ratios

VSEC•NASDAQ
$238.01
94.4× P/E·Price updated Jul 6, 2026
SectorIndustrialsIndustryAerospace & DefenseSub-IndustryAviation Aftermarket and MRO
AboutVSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services. This segment serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. The Fleet segment offers parts supply, inventory management, e-commerce fulfillment, logistics, and other services to assist aftermarket commercial and federal customers with their supply chain management. This segment also provides sale of vehicle parts and supply chain services to support client truck fleets, as well as sustainment solutions and managed inventory services to government and commercial truck fleets. The Federal and Defense segment offers aftermarket refurbishment and sustainment services to extend and maintain the life cycle of military vehicles, ships, and aircraft for the United States Department of Defense (DoD). This segment also provides foreign military sales services, engineering, logistics, maintenance, configuration management, prototyping, technology, and field support services to the DoD and other customers. In addition, this segment offers energy consulting services and IT solutions to various DoD, federal civilian agencies, and commercial clients. The company also provides vehicle and equipment maintenance and refurbishment, logistics, engineering support, energy services, and IT and health care IT solutions, as well as consulting services. VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.Show more
  • Revenue$1.11B+3.0%
  • EBITDA$165M+25.4%
  • Net Income$53M+75.3%
  • EPS (Diluted)2.52+48.2%
  • Gross Margin11.88%+18.6%
  • EBITDA Margin14.83%+21.8%
  • Operating Margin11.24%+18.2%
  • Net Margin4.81%+70.2%
  • ROE4.41%+15.9%

VSEC Price & Volume

VSE Corporation (VSEC) stock price & volume — 10-year historical chart

Loading chart...

Aviation Pivot Drives Volatile Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:OEM contract concentration risk

Key Thesis Takeaways

  • VSE Corporation is undergoing a significant strategic transformation toward high-barrier aviation distribution, evidenced by a surge in total assets to $3.3 billion in 2026Q1.
  • While the company has successfully deleveraged its balance sheet to a 0.03 debt-to-equity ratio, investors should remain cautious regarding the sustainability of earnings given the historical disconnect between net income and operating cash flow.
  • Future performance hinges on the successful integration of recent acquisitions and the ability to maintain exclusive OEM agreements despite structural gross margins that remain capped at 12.0%.

Verdict Logic

while the balance sheet is significantly de-risked with a 0.03 debt-to-equity ratio, the current 87.30 P/E valuation appears stretched given the historical volatility in free cash flow and the ongoing integration risks associated with $638.9 million in goodwill.

VSEC Growth Metrics

VSE Corporation (VSEC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years7.61%
5 Years10.95%
3 Years18.44%
TTM24.1%

Profit CAGR

10 Years7.94%
5 Years-
3 Years24%
TTM311.86%

EPS CAGR

10 Years0.87%
5 Years-
3 Years4.79%
TTM208.75%

Return on Capital

10 Years8.55%
5 Years7.21%
3 Years8.62%
Last Year7.71%

VSEC Recent Earnings

VSE Corporation (VSEC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026
Metric
Actual
Est
EPS
$1.17+25.8%
$0.93
Rev
$325M+5.0%
$309M
Q1 2026
Feb 25, 2026
Metric
Actual
Est
EPS
$1.16+31.8%
$0.88
Rev
$301M+4.0%
$290M
Q4 2025
Oct 27, 2025
Metric
Actual
Est
EPS
$0.99+17.9%
$0.84
Rev
$283M-0.2%
$283M
Q3 2025
Jul 30, 2025
Metric
Actual
Est
EPS
$0.97+40.6%
$0.69
Rev
$272M-1.6%
$276M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$1.17vs $0.93+25.8%
$325Mvs $309M+5.0%
Q1 2026Feb 25, 2026
$1.16vs $0.88+31.8%
$301Mvs $290M+4.0%
Q4 2025Oct 27, 2025
$0.99vs $0.84+17.9%
$283Mvs $283M-0.2%
Q3 2025Jul 30, 2025
$0.97vs $0.69+40.6%
$272Mvs $276M-1.6%
Based on last 12 quarters of dataView full earnings history →

Latest VSEC News

Recent stock market news and headlines for VSE Corporation (VSEC)

Seeking Alpha·Jun 25, 2026
VSE Corporation: Precision Aviation Group Supercharges The Mini-HEICO Story

VSE Corporation remains a "Buy," leveraging a focused aviation MRO strategy and transformative acquisitions to drive both organic and inorganic growth. Recent divestitures and acquisitions, notably Precision Aviation Group, position VSEC for >50% revenue growth and margin expansion toward 20%+ levels. Despite dilution and elevated leverage from acquisition financing, the growth profile and accretive EBITDA margins justify the capital strategy.

GuruFocus·Jun 18, 2026
VSE Corp (VSEC) Shares Surge 5.3% -- What GF Score of 83 Tells Investors

On June 18, 2026, VSE Corp (VSEC) shares rose 5.3% to a current price of $219.37, continuing a strong performance trend. Over the past week, shares have gained

Peers Comparison

Key metrics vs top competitors for VSE Corporation (VSEC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VSEC logoVSECVSE CorporationCurrent
$238.01$5.44B94.452.98%4.81%4.41%0.16%
HAYW logoHAYWHayward Holdings, Inc.
$16.82$3.65B24.746.71%13.98%10.32%—
KAI logoKAIKadant Inc.
$313.66$3.7B36.26-0.11%9.45%10.62%—
DRS logoDRSLeonardo DRS, Inc.
$45.37$12.1B44.0512.8%7.85%10.79%—
AVAV logoAVAVAeroVironment, Inc.
$176.84$8.95B-32.75140.89%-13.41%-6.05%—
TDG logoTDGTransDigm Group Incorporated
$1309.18$73.23B40.8111.22%21.29%——

Compare VSEC vs Peers

VSE Corporation (VSEC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HAYW

Most directly comparable listed peer for VSEC.

Scale Benchmark

vs GE

Larger-name benchmark to compare VSEC against a more recognizable public peer.

Peer Set

Compare Top 5

vs HAYW, KAI, DRS, AVAV

VSEC SEC Filings & Documents

VSE Corporation (VSEC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

May 5, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 3, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 27, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 7, 2025·SEC

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VSEC Frequently Asked Questions

VSE Corporation (VSEC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is VSE Corporation's revenue?

VSE Corporation (VSEC) reported $1.18B in revenue for fiscal year 2025. This represents a 883% increase from $120.1M in 1996.

How fast is VSE Corporation growing?

VSE Corporation (VSEC) grew revenue by 3.0% over the past year. Growth has been modest.

Is VSEC profitable?

Yes, VSE Corporation (VSEC) is profitable, generating $62.8M in net income for fiscal year 2025 (4.8% net margin).

Dividend & Returns
Does VSEC pay dividends?

Yes, VSE Corporation (VSEC) pays a dividend with a yield of 0.16%. This makes it attractive for income-focused investors.

What is VSEC's return on equity?

VSE Corporation (VSEC) has a return on equity (ROE) of 4.4%. This is below average, suggesting room for improvement.

What is VSE Corporation's free cash flow?

VSE Corporation (VSEC) had negative free cash flow of $13.5M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VSEC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →