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) 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 | Free account |
Against its own ten years
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
More on VSEC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- 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