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) Free cash flow margin

Alert me on Free cash flow margin

VSE Corporation's free cash flow margin over the twelve months to 30 June 2026 was −0.08%, down 0.6 percentage points from fiscal 2025 (0.51%). Over the past ten years it has ranged from −7.44% (fiscal 2023) to 6.24% (fiscal 2017); the current reading is higher than 45% of that period. That is below the Aerospace & Defense industry median of 0.00% and below the Industrials sector median of 2.08%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 0.51% 7.09
FY2024 −6.58% 0.86
FY2023 −7.44% (6.97)
FY2022 −0.47% 5.36
FY2021 −5.83% (11.00)
FY2020 5.17% 4.06
FY2019 1.11% (1.16)
FY2018 2.27% (3.97)
FY2017 6.24% 0.34
FY2016 5.90% 0.75

Against its own ten years

Low −7.44% High 6.24%
Ten-year median 1.11%
Current reading's percentile 45

Free cash flow margin against peers

Company Free cash flow margin
MOG.B Moog Inc. compare 8.18%
MRCY Mercury Systems Inc compare 6.92%
AIR AAR Corp. compare 5.30%
PL Planet Labs PBC compare 5.25%
VSEC VSE Corporation −0.08%
KRMN Karman Holdings Inc. compare −4.63%
MDA MDA Space Ltd. compare −12.9%
BETA BETA Technologies, Inc. compare −894.2%
DPC DPC Holdings PLC compare —
Aerospace & Defense industry median 0.00%
Industrials sector median 2.08%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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