Saturday 17 October 2026 Export VVX’s income statement to Excel — free account

V2X, Inc.

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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Market cap: $2.2B
P/E: 23.9×
Fwd P/E: 24.6×
Dividend yield: —
F-score: 8/9
Altman Z: 2.26
Beneish M: −2.63
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 487.88

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	1	—	—	1	—	—	—	—	2	—	—

Insider Ownership 0.92%

Capital & Financial Ratios $m

Market Cap 2,150.00

Revenue 4,896.56

Net Income 91.85

Free Cash Flow 140.20

Net Debt 833.67

Current Ratio 1.32

Debt/Equity 0.92

P/E ratio 23.94

Fwd P/E 24.60

P/S ratio 0.45

P/B ratio 1.94

Past 5Y EPS Growth (4.84%)

This Y EPS Growth 18.81%

Next Y EPS Growth 11.45%

Next Y revenue growth 11.12%

Next 5Y EPS Growth 13.56%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 77.41%

10-year low 10-year high

P/S against its own 10 years 86.58%

10-year low 10-year high

P/B against its own 10 years 61.63%

10-year low 10-year high

EV/Sales against its own 10 years 74.20%

10-year low 10-year high

EV/FCF against its own 10 years 77.81%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	73	268	369	214
Receivables	706	710	739	827
Inventory	47	51	—	—
Other	—	—	—	—
	875	1,102	1,235	1,205

	2023	2024	2025	Q'26
Payables	453	548	557	547
ST’ Debt	—	—	—	—
Other	158	167	177	134
	840	996	1,016	914

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,254	1,257	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.60	0.81	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	12.50	20.73	19.61	21.27	28.90	40.67	29.55	36.45	37.04	41.08	Analyst estimates 2026–2028 Powerpack
	High	34.98	35.58	41.48	55.50	59.24	60.32	48.75	56.75	69.75	63.74
People
People	Employees	5,600	6,700	6,700	7,200	9,200	8,100	15,400	16,000	16,100	16,200
	Revenue/emp, $m	0.21	0.17	0.19	0.19	0.15	0.22	0.19	0.25	0.27	0.28
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
	Gross margin, %	8.98	9.15	8.95	9.26	8.90	8.99	10.20	8.45	7.93	8.33
	EBT	37	37	43	43	39	54	(6)	(25)	39	101
	EBT margin, %	3.12	3.28	3.36	3.12	2.77	3.03	(0.21)	(0.62)	0.90	2.25
	Net income	24	59	35	33	37	46	(14)	(23)	35	78
	Depreciation	3	3	4	7	9	17	70	122	122	119
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
	Earnings	2.21	5.40	3.14	3.03	3.19	3.91	(0.68)	(0.73)	1.10	2.47
	Cash flow	3.42	3.21	3.57	2.41	5.52	5.24	4.45	6.05	8.07	5.77
	Capex	(0.06)	(0.21)	(0.89)	(0.94)	(0.38)	(0.83)	(0.59)	(0.80)	(0.37)	(0.07)
	Free cash flow	3.36	3.00	2.68	1.47	5.14	4.41	3.86	5.24	7.70	5.70
	Book value	10.96	16.64	19.72	22.62	26.29	29.91	47.49	31.87	32.59	34.37
	Shares, m	11	11	11	11	12	12	21	31	31	32
Valuation, ×
Valuation, ×	P/E	10.83	5.94	6.85	16.97	15.73	11.77	198.86	0.00	43.88	22.09
	P/S	0.22	0.31	0.19	0.42	0.41	0.30	0.30	0.36	0.35	0.38
	P/B	2.19	1.90	1.09	2.27	1.89	1.53	0.88	1.44	1.47	1.59
	EV/Sales	0.23	0.31	0.19	0.44	0.48	0.33	0.70	0.62	0.54	0.54
	EV/FCF	7.71	10.42	8.16	36.55	11.34	11.47	24.96	15.06	9.59	13.54
Cash, $m
Cash, $m	Operating cash flow	37	35	40	28	64	61	93	188	254	182
	Capex	(1)	(2)	(10)	(11)	(4)	(10)	(12)	(25)	(12)	(2)
	Free cash flow	36	33	30	17	60	52	81	163	243	180
Balance, $m
Balance, $m	Working capital	56	90	88	76	120	65	149	35	106	219
	Total debt	68	73	69	63	169	94	1,263	1,100	1,087	1,083
	Net debt	20	(4)	3	28	100	56	1,147	1,028	819	714
	Shareholders’ equity	117	183	221	259	305	350	997	991	1,026	1,085
Returns, %
Returns, %	ROA	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
	ROE	22.89	39.56	17.34	13.82	13.11	13.96	(2.13)	(2.27)	3.44	7.38

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	30.0×	—	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
ACHR Archer Aviation Inc.	$3.3B	— (loss-making)	— (loss-making)	—	n/m	−51.76% (below 0%: shrinking)	14.00%	(5,584.00%)	Compare
FLY Firefly Aerospace, Inc.	$3.0B	— (loss-making)	— (loss-making)	+656.85% (above 0%: growing)	n/m	−185.28% (below 0%: shrinking)	20.29%	(80.89%)	Compare
LUNR Intuitive Machines, Inc.	$2.7B	— (loss-making)	— (loss-making)	+309.77% (above 0%: growing)	n/m	−197.16% (below 0%: shrinking)	17.40%	(22.86%)	Compare
ATRO Astronics Corporation	$2.6B	33.3×	32.7×	+27.01% (above 0%: growing)	+2,362.46% (above 0%: growing)	+299.44% (above 0%: growing)	33.43%	15.57%	Compare
DCO Ducommun Incorporated	$2.6B	— (loss-making)	38.6×	+11.80% (above 0%: growing)	+60.71% (above 0%: growing)	+48.47% (above 0%: growing)	28.02%	12.62%	Compare
RDW Redwire Corporation	$2.2B	— (loss-making)	— (loss-making)	+89.56% (above 0%: growing)	n/m	+62.22% (above 0%: growing)	27.80%	(18.87%)	Compare
VVX V2X, Inc.	$2.2B	23.9×	24.6×	+16.54% (above 0%: growing)	+15.49% (above 0%: growing)	−21.44% (below 0%: shrinking)	8.71%	4.28%
VOYG Voyager Technologies, Inc.	$1.6B	— (loss-making)	— (loss-making)	+15.48% (above 0%: growing)	n/m	−167.81% (below 0%: shrinking)	8.45%	(97.46%)	Compare
Median of peers	$2.6B	—	—	+27.01%	+153.97%	−1.64%	24.05%	(20.86%)

All 82 Aerospace & Defense stocks →

V2X, Inc. (VVX) key facts

Strength: V2X, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 3.65% from fiscal 2024.
V2X, Inc. (VVX) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, VVX traded at $70.15, a market capitalization of $2.2 billion.
Return on equity was 7.38% and debt-to-equity 0.92.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.26 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.