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
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VSE Corporation (VSEC) 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 | Free account |
Against its own ten years
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)
More on VSEC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement