VSE Corporation
VSEC Industrials Aerospace & Defense
In the quarter to June 2026, revenue grew 65.0%, EPS grew 513.3%, free cash flow grew 217.0% and total debt rose 149.8%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
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VSE Corporation (VSEC) Dividend Safety Score
VSE Corporation's stockrow Dividend Safety Score is 48 out of 100, based on payout ratios, leverage, dividend streak and earnings stability for fiscal 2025.
Dividend Safety Score, annual
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Annual newest first
| Period | Dividend Safety Score | Change (points) |
|---|---|---|
| FY2025 | 48 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Payout of earnings | 70.61% | — | Fail | 12 |
| Payout of free cash flow | 144.74% | — | Fail | 0 |
| Net debt / EBITDA | 1.71 | — | Pass | 12 |
| Years without a dividend cut | 25 | — | Pass | 20 |
| Years of falling or negative earnings over the last 10 fiscal years | 2 | — | Fail | 4 |
| Dividend Safety Score | Stretched | 48 | ||
How the stockrow Dividend Safety Score works
Our own composite, out of 100, for the latest fiscal year: up to 25 points for how little of its earnings the dividend takes, 25 for how little of its free cash flow, 20 for net debt against EBITDA, 20 for the years it has paid without a cut and 10 for how steady earnings per share have been over ten years. How we calculate it.
| 80–100 | Well covered |
|---|---|
| 60–79 | Adequately covered |
| 40–59 | Stretched |
| below 40 | Weakly covered |
Not worked out for a company that pays no regular dividend, for banks and REITs, whose payouts and leverage these measures do not describe, or with fewer than five years of earnings.
Dividend Safety Score against peers
| Company | Dividend Safety Score |
|---|---|
| MOG.B Moog Inc. compare | 78 |
| VSEC VSE Corporation | 48 |
| BETA BETA Technologies, Inc. compare | — |
| PL Planet Labs PBC compare | — |
| KRMN Karman Holdings Inc. compare | — |
| LOAR Loar Holdings Inc. compare | — |
| MRCY Mercury Systems Inc compare | — |
| ACHR Archer Aviation Inc. compare | — |
| AIR AAR Corp. compare | — |
What Dividend Safety Score is
The stockrow Dividend Safety Score rates how well earnings and free cash flow cover the dividend, with leverage, the dividend’s record and stable earnings.
Up to 25 points for the payout of earnings, 25 for the payout of free cash flow, 20 for net debt ÷ EBITDA, 20 for the years without a dividend cut and 10 for stable earnings