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) Gross margin

Alert me on Gross margin

VSE Corporation's gross margin over the twelve months to 30 June 2026 was 15.6%, up 1.4 percentage points from fiscal 2025 (14.2%). Over the past ten years it has ranged from 3.43% (fiscal 2021) to 14.2% (fiscal 2025) — the current reading is the highest in ten years. That is below the Aerospace & Defense industry median of 26.0% and below the Industrials sector median of 30.7%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 14.2% 1.22
FY2024 13.0% 0.31
FY2023 12.7% 1.79
FY2022 10.9% 7.47
FY2021 3.43% (7.96)
FY2020 11.4% 0.26
FY2019 11.1% 0.77
FY2018 10.4% 0.79
FY2017 9.57% (1.16)
FY2016 10.7% (2.27)

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 17.0% 2.23
Mar 2026 14.8% (0.79)
Dec 2025 15.6% 1.18
Sep 2025 14.4% 0.61
42 more quarters

Against its own ten years

Low 3.43% High 14.2%
Ten-year median 11.1%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
BETA BETA Technologies, Inc. compare 62.5%
PL Planet Labs PBC compare 55.4%
KRMN Karman Holdings Inc. compare 41.7%
MRCY Mercury Systems Inc compare 28.6%
MOG.B Moog Inc. compare 28.2%
MDA MDA Space Ltd. compare 25.4%
AIR AAR Corp. compare 19.1%
VSEC VSE Corporation 15.6%
DPC DPC Holdings PLC compare —
Aerospace & Defense industry median 26.0%
Industrials sector median 30.7%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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