VSE Corporation

VSEC Industrials Aerospace & Defense

VSE Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 41.5% from fiscal 2024.

Revenue
+65.0%
EPS
+513.3%
Free cash flow
+217.0%
Total debt
+149.8%

Quarter to June 2026, against a year earlier

164.66 1.70 +1.04%
Market cap
$4.6B
P/E
58.8×
Fwd P/E
36.8×
Dividend yield
0.25%
F-score
7/9
Altman Z
5.07
Beneish M
−1.96
Dividend safety
44/100

VSE Corporation (VSEC) EV/EBITDA

Alert me on EV/EBITDA

As of 3 November 2026, VSE Corporation (VSEC) trades at a EV/EBITDA of 32.3×. Over the past ten years it has ranged from 4.8× (March 2020) to 79.4× (November 2021); the current reading is higher than 82% of that period. That is above the Aerospace & Defense industry median of 19.0× and above the Industrials sector median of 13.1×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 29.6× 25.13%
FY2024 23.6× 34.88%
FY2023 17.5× 57.46%
FY2022 11.1× (75.70%)
FY2021 45.8× 158.15%
FY2020 17.7× 125.51%
FY2019 7.9× 23.90%
FY2018 6.4× (29.98%)
FY2017 9.1× 5.69%
FY2016 8.6× 10.83%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 43.4× 47.14%
Mar 2026 29.5× (0.35%)
Dec 2025 29.6× (8.37%)
Sep 2025 32.3× 31.18%
42 more quarters

Against its own ten years

Low 4.8× High 79.4×
Ten-year median 10.7×
Current reading's percentile 82

EV/EBITDA against peers

Company EV/EBITDA
BETA BETA Technologies, Inc. compare n/m
PL Planet Labs PBC compare n/m
DPC DPC Holdings PLC compare n/m
AIR AAR Corp. compare 13.9×
MDA MDA Space Ltd. compare 16.3×
MOG.B Moog Inc. compare 18.9×
VSEC VSE Corporation 32.3×
KRMN Karman Holdings Inc. compare 38.6×
MRCY Mercury Systems Inc compare 68.7×
Aerospace & Defense industry median 19.0×
Industrials sector median 13.1×
Market median 11.2×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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