Company research / VSEC

VSE Corp (VSEC)

Also trades as VSECU. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

SEC name VSE CORP · CIK 0000102752 · Nasdaq · Services-Engineering Services

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, VSE Corp reported revenue of $1.11B. Revenue grew 41.5% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $1.36B.

Key ratios (year ended 2025-12-31)

8.1%
Operating margin
1.1%
Net margin
0.8%
Return on year-end equity
41.5%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-09-16

Headquarters locality: Alexandria · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Stock splits: 2-for-1, first reflected in a filing dated 2016-10-26. Figures are as filed: per-share figures and share counts last reported before a split are on the old share basis, so changes and growth rates across a split are not shown. Splits are read from the filings' own restatements, so a share conversion in a merger or reorganization shows up the same way.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$1.36B$1.11B$786.26M$544.02M$669.45M$481.38M$661.66M$752.63M$697.22M$760.11M$691.79M
Cost of Revenuen/an/an/an/an/an/an/an/an/a$291.77M$279.63M
Gross Profit (computed)n/an/an/an/an/an/an/an/an/a$468.34M$412.16M
Operating Income$124.28M$89.59M$58.76M$50.15M$53.60M-$2.71M$13.92M$60.26M$54.23M$54.33M$51.53M
Depreciation & Amortization$57.10M$39.92M$28.76M$23.42M$24.60M$24.59M$24.14M$26.93M$25.22M$25.88M$26.05M
EBITDA$181.39M$129.52M$87.52M$73.56M$78.21M$21.88M$38.06M$87.18M$79.45M$80.21M$77.58M
Net Income$75.06M$11.70M$15.32M$39.13M$28.06M$7.97M-$5.17M$37.02M$35.08M$39.10M$26.79M
EPS (Diluted)n/a$0.55$0.85$2.76$2.19$0.63-$0.47$3.35$3.21$3.60$2.47
Total Assets$4.40B$2.03B$1.74B$1.35B$999.79M$918.56M$780.08M$845.86M$638.83M$629.01M$661.84M
Total Liabilities$1.46B$589.77M$754.44M$733.61M$550.26M$501.23M$423.76M$482.76M$310.43M$335.92M$406.64M
Long-Term Debt$946.96M$292.80M$430.17M$429.34M$286.30M$284.57M$251.09M$270.01M$160.60M$172.57Mn/a
Shareholders' Equity$2.93B$1.44B$988.19M$616.73M$449.53M$417.33M$356.32M$363.10M$328.39M$293.10M$255.19M
Cash & Equivalents$75.36M$69.36M$29.50M$7.77M$305.0K$518.0K$378.0K$734.0K$162.0K$624.0K$428.0K
Operating Cash Flow$27.02M$26.99M-$31.04M-$21.83M$8.05M-$17.60M$35.76M$17.99M$18.86M$50.42M$47.19M
Capital Expenditures$28.14M$21.28M$20.70M$18.67M$11.21M$10.52M$4.43M$9.63M$3.12M$3.74M$6.55M
Free Cash Flow-$1.12M$5.71M-$51.74M-$40.49M-$3.16M-$28.12M$31.33M$8.36M$15.74M$46.68M$40.65M
Dividends Paid$9.28M$8.26M$7.06M$5.44M$5.11M$4.43M$3.97M$3.73M$3.26M$2.82M$2.48M
Shares Outstanding28.06M23.40M20.59M15.76M12.82M12.73M11.06M10.97M10.89M10.84M10.80M
Dividends Per Sharen/a$0.40$0.40$0.40$0.40$0.37$0.36$0.35$0.31$0.27$0.23
Weighted Average Diluted Sharesn/a21.24M17.98M14.18M12.83M12.63M11.03M11.04M10.94M10.87M10.83M
EPS (Basic)n/a$0.55$0.86$2.77$2.20$0.63-$0.47$3.38$3.23$3.61$2.48

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