Saturday 17 October 2026
Export VVX’s income statement to Excel — free account
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. In the quarter to June 2026, revenue grew 16.5%, EPS grew 15.5%, free cash flow fell 21.4% and total debt fell 4.01%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
70.15
1.55
+2.26%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
10.83 | 5.94 | 6.85 | 16.97 | 15.73 | 11.77 | 198.86 | 0.00 | 43.88 | 22.09 |
Piotroski F-Score |
7 | 5 | 5 | 4 | 4 | 7 | 4 | 3 | 7 | 8 |
Altman Z-Score |
3.62 | 3.73 | 3.49 | 3.91 | 3.01 | 3.34 | 1.35 | 1.95 | 2.07 | 2.26 |
P/S ratio |
0.22 | 0.31 | 0.19 | 0.42 | 0.41 | 0.30 | 0.30 | 0.36 | 0.35 | 0.38 |
P/FCF ratio |
7.14 | 10.55 | 8.06 | 34.91 | 9.67 | 10.39 | 10.81 | 8.76 | 6.21 | 9.57 |
Altman Z″-Score (non-manufacturers) |
2.17 | 3.14 | 3.11 | 2.97 | 2.73 | 2.61 | 1.14 | 1.09 | 1.30 | 1.70 |
Beneish M-Score |
(2.73) | (2.23) | (2.13) | (2.29) | (2.48) | (2.45) | (1.90) | (2.59) | (2.77) | (2.63) |
P/Operating CF |
82.05 | 26.82 | 7.71 | (658.38) | 21.82 | 67.30 | 452.89 | 27.03 | 6.75 | 8.22 |
P/B ratio |
2.19 | 1.90 | 1.09 | 2.27 | 1.89 | 1.53 | 0.88 | 1.44 | 1.47 | 1.59 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.23 | 0.31 | 0.19 | 0.44 | 0.48 | 0.33 | 0.70 | 0.62 | 0.54 | 0.54 |
EV/EBITDA |
6.04 | 7.77 | 4.69 | 10.87 | 13.02 | 7.44 | 16.03 | 9.95 | 8.26 | 7.78 |
EV/Operating CF |
7.57 | 9.73 | 6.12 | 22.29 | 10.56 | 9.64 | 21.64 | 13.06 | 9.15 | 13.38 |
EV/FCF |
7.71 | 10.42 | 8.16 | 36.55 | 11.34 | 11.47 | 24.96 | 15.06 | 9.59 | 13.54 |
Quick Ratio |
1.17 | 1.39 | 1.33 | 1.24 | 1.33 | 1.08 | 1.08 | 0.93 | 0.98 | 1.09 |
Current Ratio |
1.30 | 1.49 | 1.39 | 1.31 | 1.42 | 1.18 | 1.19 | 1.04 | 1.11 | 1.22 |
Net Debt/EBITDA |
0.44 | (0.10) | 0.06 | 0.49 | 1.92 | 0.70 | 9.09 | 4.16 | 2.91 | 2.28 |
Debt/Assets |
14.58% | 14.77% | 12.08% | 9.91% | 20.00% | 10.60% | 39.06% | 35.70% | 33.68% | 33.02% |
Debt/Equity |
0.58 | 0.40 | 0.31 | 0.24 | 0.55 | 0.27 | 1.27 | 1.11 | 1.06 | 1.00 |
Asset Turnover |
2.51 | 2.32 | 2.40 | 2.29 | 1.89 | 2.06 | 1.40 | 1.26 | 1.37 | 1.38 |
Operating CF/Net income |
1.55 | 0.60 | 1.14 | 0.83 | 1.73 | 1.34 | (6.52) | (8.33) | 7.33 | 2.34 |
Capex/Depreciation |
(0.20) | (0.74) | (2.37) | (1.56) | (0.52) | (0.56) | (0.18) | (0.20) | (0.10) | (0.02) |
Interest Coverage |
7.59 | 8.88 | 9.48 | 7.67 | 9.07 | 7.77 | 0.90 | 1.02 | 1.48 | 2.43 |
| 22.89% | 39.56% | 17.34% | 13.82% | 13.11% | 13.96% | (2.13%) | (2.27%) | 3.44% | 7.38% | |
| 4.98% | 12.38% | 6.57% | 5.49% | 4.99% | 5.28% | (0.70%) | (0.71%) | 1.10% | 2.39% | |
ROIC |
19.45% | 14.38% | 13.39% | 10.83% | 6.71% | 9.55% | 1.63% | 3.85% | 5.39% | 6.75% |
Return on Tangible Assets |
39.85% | 63.63% | 34.48% | 35.15% | 25.92% | 51.47% | (6.30%) | (18.80%) | 20.61% | 28.65% |
Average Days of Receivables |
52.76 | 57.30 | 66.24 | 71.06 | 82.38 | 71.34 | 91.99 | 65.02 | 59.96 | 60.20 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
5.38% | 5.45% | 5.19% | 5.66% | 5.78% | 5.52% | 8.28% | 5.31% | 4.25% | 4.00% |
Intangible Assets out of Total Assets |
0.47 | 0.44 | 0.42 | 0.44 | 0.46 | 0.44 | 0.67 | 0.67 | 0.61 | 0.58 |
Share Based Compensation of Revenue |
0.39% | 0.40% | 0.32% | 0.60% | 0.68% | 0.47% | 1.13% | 0.83% | 0.37% | 0.27% |
Graham Net Nets |
(0.40) | (0.12) | (0.16) | (0.10) | (0.23) | (0.22) | (1.49) | (0.85) | (0.73) | (0.56) |
Graham Number |
23.38 | 44.67 | 37.38 | 39.21 | 43.23 | 51.16 | 14.98 | 0.00 | 28.27 | 43.70 |
Earnings Yield |
9.24% | 16.84% | 14.60% | 5.89% | 6.36% | 8.50% | 0.50% | (1.60%) | 2.28% | 4.53% |
Free Cash Flow Yield |
14.00% | 9.48% | 12.41% | 2.86% | 10.35% | 9.63% | 9.25% | 11.42% | 16.10% | 10.45% |
Revenue per Share |
111.12 | 101.15 | 113.96 | 120.81 | 120.31 | 152.38 | 137.69 | 127.50 | 137.28 | 141.96 |
Operating CF per Share |
3.42 | 3.21 | 3.57 | 2.41 | 5.52 | 5.24 | 4.45 | 6.05 | 8.07 | 5.77 |
Capex per Share |
(0.06) | (0.21) | (0.89) | (0.94) | (0.38) | (0.83) | (0.59) | (0.80) | (0.37) | (0.07) |
Free Cash Flow per Share |
3.36 | 3.00 | 2.68 | 1.47 | 5.14 | 4.41 | 3.86 | 5.24 | 7.70 | 5.70 |
Cash per Share |
4.45 | 7.03 | 5.89 | 3.09 | 5.93 | 3.29 | 5.53 | 2.34 | 8.52 | 11.69 |
Shareholders Equity per Share |
10.96 | 16.64 | 19.72 | 22.62 | 26.29 | 29.91 | 47.49 | 31.87 | 32.59 | 34.37 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
10.96 | 16.64 | 19.72 | 22.62 | 26.29 | 29.91 | 47.49 | 31.87 | 32.59 | 34.37 |
Free Cash Flow |
35.99 | 33.07 | 30.06 | 16.81 | 59.67 | 51.58 | 81.08 | 162.96 | 242.53 | 179.91 |
Working Capital |
56.30 | 89.77 | 88.34 | 75.54 | 119.98 | 65.09 | 148.80 | 34.67 | 106.25 | 219.47 |
Capital Expenditures |
(0.62) | (2.34) | (9.99) | (10.75) | (4.42) | (9.76) | (12.42) | (25.00) | (11.71) | (2.08) |
Net Current Asset Value |
(103.77) | (40.23) | (37.62) | (56.91) | (130.48) | (116.03) | (1,304.09) | (1,216.23) | (1,100.22) | (961.19) |
EV/EBIT |
6.48 | 8.36 | 5.10 | 12.37 | 15.57 | 9.54 | 36.28 | 19.73 | 14.60 | 12.54 |
Capex to Sales |
0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 |
Price to Operating Income |
6.00 | 8.46 | 5.04 | 11.82 | 13.27 | 8.64 | 15.72 | 11.47 | 9.46 | 8.86 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.02 | 0.84 | 0.31 | 0.37 | 0.38 | 0.74 | 0.89 | 1.43 | 1.97 | 2.27 |
Cash ROIC |
15.45% | 9.90% | 8.43% | 4.70% | 11.00% | 10.68% | 3.41% | 7.53% | 10.18% | 7.09% |
Accounts Receivable Turnover |
6.22 | 6.42 | 6.28 | 5.52 | 4.78 | 5.38 | 5.37 | 5.53 | 6.10 | 6.18 |
Accounts Payable Turnover |
9.01 | 8.66 | 8.55 | 8.24 | 8.27 | 8.72 | 8.38 | 8.44 | 7.95 | 7.44 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 78.91 | 81.31 | 0.00 |
Average Days of Payables |
39.77 | 41.77 | 49.02 | 43.06 | 45.82 | 47.79 | 57.19 | 45.58 | 50.23 | 49.51 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.32 | 4.73 | 4.67 | 0.00 |
Average Receivables |
191.32 | 173.53 | 203.56 | 250.63 | 292.05 | 331.78 | 538.59 | 717.29 | 708.03 | 724.50 |
Average Payables |
120.25 | 116.98 | 136.15 | 152.20 | 153.80 | 186.06 | 309.62 | 429.88 | 500.31 | 552.31 |
Average Inventory |
— | — | — | — | — | — | — | 45.98 | 48.94 | — |
Average Assets |
474.85 | 480.43 | 533.90 | 604.32 | 740.10 | 866.64 | 2,061.28 | 3,157.50 | 3,155.37 | 3,254.84 |
Average Common Equity |
103.36 | 150.39 | 202.34 | 240.08 | 281.90 | 327.51 | 673.58 | 993.94 | 1,008.48 | 1,055.39 |
Columns are period end dates