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V2X, Inc.

VVX Industrials Aerospace & Defense

V2X, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 3.65% from fiscal 2024.

Revenue
+8.94%
EPS
+30.9%
Free cash flow
+72.2%
Total debt
−5.06%

Quarter to September 2026, against a year earlier

74.15 3.32 −4.29%
Market cap
$2.3B
P/E
23.4×
Fwd P/E
24.7×
Dividend yield
—
F-score
8/9
Altman Z
2.26
Beneish M
−2.63
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 240.38
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 1 — — — — 2 — — —
Insider Ownership 0.94%

Capital & Financial Ratios $m

Size
Market Cap 2,320.00
Revenue ttm 5,000.88
Net income ttm 99.24
Free cash flow ttm 167.01
Net debt Q 769.08
Valuation
P/E 23.39
Forward P/E 24.70
Price / sales 0.46
Forward P/S Powerpack
Price / FCF 13.92
Price / book 1.99
Financial health
Current ratio Q 1.36
Debt / equity Q 0.88
Interest coverage Q 3.83
Growth
Revenue growth Q +8.94% (above 0%: growing)
Operating income growth Q +6.85% (above 0%: growing)
EPS, this year +22.09% (at or above 15%: strong)
EPS, next year A +9.59%
Revenue, next year A +11.09% (at or above 10%: strong)
EPS, past 5 yrs −4.84% (below 0%: weak)
EPS, next 5 yrs A +13.97%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.6×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2016 to 1.0× in 2022.
P/E against its own 10 years 76.78%
10-year low 10-year high
P/S against its own 10 years 89.59%
10-year low 10-year high
P/B against its own 10 years 65.79%
10-year low 10-year high
EV/Sales against its own 10 years 74.29%
10-year low 10-year high
EV/FCF against its own 10 years 68.94%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 73 268 369 265
Receivables 706 710 739 810
Inventory 47 51 — —
Other — — — —
875 1,102 1,235 1,248
2023 2024 2025 Q'26
Payables 453 548 557 468
ST’ Debt — — — —
Other 158 167 177 162
840 996 1,016 918

Compound Annual Growth %

10y 5y 3y
Sales 14.27% 26.27% 15.72%
Cash Flow 25.43% 23.22% 24.86%
Earnings 9.66% 16.08% 0.00%
Book Value 28.36% 28.89% 2.85%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.54 Actual 1.64

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.33 1.56 Beat by 0.23
Q1 FY26 1.18 1.53 Beat by 0.35
Q2 FY26 1.45 1.64 Beat by 0.19
Q3 FY26 1.54 1.64 Beat by 0.10
Q4 FY26 1.63 — Reports 22 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.60 0.81 1.01 — —
’25 0.25 0.70 0.77 0.72 2.45
’24 0.04 (0.21) 0.47 0.78 1.08
’23 (0.57) 0.06 (0.21) (0.01) (0.73)
’22 0.24 0.88 (0.56) (0.35) (0.68)
’21 1.02 1.35 0.87 0.63 3.86
’20 0.74 0.09 0.88 1.42 3.14
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,254 1,257 1,271 — —
’25 1,016 1,078 1,167 1,219 4,480
’24 1,011 1,072 1,082 1,158 4,322
’23 943 978 1,002 1,040 3,963
’22 456 498 958 978 2,891
’21 434 471 459 419 1,784
’20 352 336 352 355 1,396
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (130) 22 67 — —
’25 (95) 29 39 209 182
’24 (57) 26 63 223 254
’23 (38) 117 57 53 188
’22 (26) 46 72 2 93
’21 (22) 36 39 8 61
’20 1 33 3 26 64
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (132) 20 64 — —
’25 (98) 26 37 215 180
’24 (65) 25 60 222 243
’23 (48) 114 52 44 163
’22 (29) 45 67 (2) 81
’21 (24) 34 37 6 52
’20 0 32 2 25 60
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,191 1,115 1,279 1,383 1,396 1,784 2,891 3,963 4,322 4,480 5,001 +15.9% 4,977 5,240 5,570 +7.5%
Gross margin, % 8.98 9.15 8.95 9.26 8.90 8.99 10.20 8.45 7.93 8.33 8.47 (0.7) pt
EBT 37 37 43 43 39 54 (6) (25) 39 101 127 +11.7%
EBT margin, % 3.12 3.28 3.36 3.12 2.77 3.03 (0.21) (0.62) 0.90 2.25 2.54 (0.9) pt
Net income 24 59 35 33 37 46 (14) (23) 35 78 99 +14.2%
Per share, $
Per share, $ Revenue 111.12 101.15 113.96 120.81 120.31 152.38 137.69 127.50 137.28 141.96 159.54 +2.8%
Earnings 2.21 5.40 3.14 3.03 3.19 3.91 (0.68) (0.73) 1.10 2.47 3.17 +1.2%
Cash flow 3.42 3.21 3.57 2.41 5.52 5.24 4.45 6.05 8.07 5.77 5.37 +6.0%
Capex (0.06) (0.21) (0.89) (0.94) (0.38) (0.83) (0.59) (0.80) (0.37) (0.07) (0.05) +1.4%
Free cash flow 3.36 3.00 2.68 1.47 5.14 4.41 3.86 5.24 7.70 5.70 5.33 +6.1%
Book value 10.96 16.64 19.72 22.62 26.29 29.91 47.49 31.87 32.59 34.37 37.35 +13.5%
Shares, m 11 11 11 11 12 12 21 31 31 32 31 +12.8%
Valuation, ×
Valuation, × P/E 10.83 5.94 6.85 16.97 15.73 11.77 198.86 0.00 43.88 22.09 23.39 33.3
P/S 0.22 0.31 0.19 0.42 0.41 0.30 0.30 0.36 0.35 0.38 0.46 0.3
P/B 2.19 1.90 1.09 2.27 1.89 1.53 0.88 1.44 1.47 1.59 1.99 1.6
EV/Sales 0.23 0.31 0.19 0.44 0.48 0.33 0.70 0.62 0.54 0.54 0.62 0.4
EV/FCF 7.71 10.42 8.16 36.55 11.34 11.47 24.96 15.06 9.59 13.54 18.52 14.9
Cash, $m
Cash, $m Operating cash flow 37 35 40 28 64 61 93 188 254 182 168 +19.5%
Capex (1) (2) (10) (11) (4) (10) (12) (25) (12) (2) (1) +14.3%
Free cash flow 36 33 30 17 60 52 81 163 243 180 167 +19.6%
Balance, $m
Balance, $m Working capital 56 90 88 76 120 65 149 35 106 219 330 +16.3%
Net debt 20 (4) 3 28 100 56 1,147 1,028 819 714 769 +48.6%
Shareholders’ equity 117 183 221 259 305 350 997 991 1,026 1,085 1,171 +28.0%
Returns, %
Returns, % ROA 4.98 12.38 6.57 5.49 4.99 5.28 (0.70) (0.71) 1.10 2.39 3.10 (2.6) pt
ROIC 19.45 14.38 13.39 10.83 6.71 9.55 1.63 3.85 5.39 6.75 6.73 (12.7) pt
ROE 22.89 39.56 17.34 13.82 13.11 13.96 (2.13) (2.27) 3.44 7.38 8.82 (15.5) pt
People
People Employees 5,600 6,700 6,700 7,200 9,200 8,100 15,400 16,000 16,100 16,200 — +12.5%
Revenue/emp, $m 0.21 0.17 0.19 0.19 0.15 0.22 0.19 0.25 0.27 0.28 — +3.0%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

V2X, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MOG.B Moog Inc. $3.7B 27.0× — +15.16% (above 0%: growing) +153.97% (above 0%: growing) +67.52% (above 0%: growing) 31.10% 14.41% Compare
ACHR Archer Aviation Inc. $3.0B — (loss-making) — (loss-making) — n/m −51.76% (below 0%: shrinking) 14.00% (5,584.00%) Compare
FLY Firefly Aerospace, Inc. $2.5B — (loss-making) — (loss-making) +656.85% (above 0%: growing) n/m −185.28% (below 0%: shrinking) 20.29% (80.89%) Compare
VVX V2X, Inc. $2.3B 23.4× 24.7× +8.94% (above 0%: growing) +30.85% (above 0%: growing) +72.15% (above 0%: growing) 8.13% 4.68%
ATRO Astronics Corporation $2.3B 28.7× 22.5× +27.01% (above 0%: growing) +2,362.46% (above 0%: growing) +299.44% (above 0%: growing) 33.43% 15.57% Compare
DCO Ducommun Incorporated $2.0B — (loss-making) 38.2× +11.80% (above 0%: growing) +58.82% (above 0%: growing) +48.47% (above 0%: growing) 28.02% 12.62% Compare
LUNR Intuitive Machines, Inc. $2.0B — (loss-making) — (loss-making) +309.77% (above 0%: growing) n/m −197.16% (below 0%: shrinking) 17.40% (22.86%) Compare
RDW Redwire Corporation $1.6B — (loss-making) — (loss-making) +5.42% (above 0%: growing) n/m −138.56% (below 0%: shrinking) 32.30% (24.09%) Compare
AADX Applied Aerospace & Defense, Inc. $1.5B — (loss-making) — (loss-making) — n/m — 22.22% (57.51%) Compare
Median of peers $2.1B — — +21.09% +153.97% −51.76% 25.12% (23.48%)

All 94 Aerospace & Defense stocks →

Pay and ownership Proxy statement filed 19 March 2026

Ownership

Directors and executive officers, together less than 1%
Vertex Aerospace Holdco LLC 16.08%
FMR LLC 15.15%
BlackRock, Inc. 5.57%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

V2X, Inc. (VVX) Latest News

3 Nov

Impact 3 · · Moby
Impact 3 · · GuruFocus.com

2 Nov

Impact 3 · · Associated Press
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Zacks
Impact 3 · · PR Newswire

27 Oct

Impact 3 · · Simply Wall St.

12 Oct

Impact 3 · · Simply Wall St.

6 Oct

Impact 4 · · PR Newswire

15 Sep

Impact 4 ·

8 Sep

Impact 4 ·

3 Sep

Impact 4 ·

10 Aug

Impact 4 · · InvestorsHub
Impact 4 ·
Impact 3 · · The Motley Fool transcript

5 Aug

Impact 4 ·
Impact 4 ·

4 Aug

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 · · Moby transcript

3 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

27 Jul

Impact 3 ·

16 Jul

Impact 4 ·

7 Jul

Impact 4 ·

27 May

Impact 4 · · Insider Monkey

20 May

Impact 4 · · Simply Wall St.

VVX metrics, ten years each

stockrow.com/VVX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com