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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. 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%
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%) (below 0%: weak)
This Y EPS Growth 18.81% (at or above 15%: strong)
Next Y EPS Growth 11.45%
Next Y revenue growth 11.12% (at or above 10%: strong)
Next 5Y EPS Growth 13.56%

Green and red mark values outside typical ranges. 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 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.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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 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.

V2X, Inc. (VVX) Latest News

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stockrow.com/VVX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com