VSE CORPORATION financials

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VSEC CIK 0000102752

Source: EDGAR filings · Built 2026-06-02T04:20:42Z

Custom taxonomy namespace: ffd

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 5.71M -51.74M -40.49M -3.16M -28.12M 31.33M
EBITDA 129.52M 87.52M 73.56M 78.21M 21.88M 38.06M
Working Capital 655.82M 666.85M 487.14M 324.27M 284.03M 215.73M
Net Debt 273.44M 455.70M 451.49M 325.59M 317.21M 277.54M
Operating Margin 8.06% 7.47% 9.22% 8.01% -0.56% 2.10%
Net Margin 1.05% 1.95% 7.19% 4.19% 1.65% -0.78%
Return on Equity (ROE) 0.81% 1.55% 6.35% 6.24% 1.91% -1.45%
Return on Assets (ROA) 0.58% 0.88% 2.90% 2.81% 0.87% -0.66%
Current Ratio 3.76× 3.23× 2.70× 2.44× 2.58× 2.55×
Debt-to-Equity 0.24× 0.49× 0.74× 0.72× 0.76× 0.78×
Effective Tax Rate 22.52% 18.51% 23.58% 25.35% 25.51% 1311.01%
Cash Conversion Ratio 2.31× -2.03× -0.56× 0.29× -2.21× -6.92×
Accruals Ratio -0.01× 0.03× 0.05× 0.02× 0.03× -0.05×
SBC % of Revenue 1.15% 1.06% 1.42% 0.67% 0.82% 0.43%
CapEx Coverage 1.27× -1.50× -1.17× 0.72× -1.67× 8.08×
Free Cash Flow Per Share $0.27 $-2.88 $-2.85 $-0.25 $-2.23 $2.84

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 314.13× 111.88× 23.41× 21.41× 96.73× —
P/FCF 642.75× — — — — 13.55×
FCF Yield 0.16% — — — — 7.38%
EV / EBITDA 33.32× 27.58× 19.98× 11.85× 49.93× 18.47×
P/S 3.63× 2.49× 1.87× 0.90× 1.61× 0.64×
P/B 2.81× 1.98× 1.65× 1.34× 1.86× 1.19×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 1.11B 786.26M 544.02M 669.45M 481.38M 661.66M
Selling, General and Administrative Expense 13.34M 13.63M 7.12M 3.63M 3.45M 3.12M
Operating Income (Loss) 89.59M 58.76M 50.15M 53.60M -2.71M 13.92M
Income Tax Expense (Benefit) 15.55M 4.41M 4.50M 9.05M -3.77M 5.60M
Net Income (Loss) Attributable to Parent 11.70M 15.32M 39.13M 28.06M 7.97M -5.17M
Earnings Per Share, Basic $0.55 $0.86 $2.77 $2.20 $0.63 $-0.47
Weighted Average Number of Shares Outstanding, Basic 21.14M 17.88M 14.13M 12.78M 12.55M 11.03M
Earnings Per Share, Diluted $0.55 $0.85 $2.76 $2.19 $0.63 $-0.47
Weighted Average Number of Shares Outstanding, Diluted 21.24M 17.98M 14.18M 12.83M 12.63M 11.03M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 69.36M 29.50M 7.77M 305.00K 518.00K 378.00K
Assets, Current 893.33M 965.35M 774.03M 548.88M 463.99M 354.96M
Assets 2.03B 1.74B 1.35B 999.79M 918.56M 780.08M
Long-term Debt 292.80M 430.17M 429.34M 286.30M 284.57M 251.09M
Liabilities, Current 237.51M 298.50M 286.89M 224.60M 179.96M 139.23M
Long-term Debt, Excluding Current Maturities 285.30M 400.17M 406.84M 276.30M 270.41M 230.71M
Liabilities 589.77M 754.44M 733.61M 550.26M 501.23M 423.76M
Stockholders' Equity Attributable to Parent 1.44B 988.19M 616.73M 449.53M 417.33M 356.32M
Common Stock, Shares, Outstanding 23.40M 20.59M 15.76M 12.82M 12.73M 11.06M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 26.99M -31.04M -21.83M 8.05M -17.60M 35.76M
Payments to Acquire Property, Plant, and Equipment 21.28M 20.70M 18.67M 11.21M 10.52M 4.43M
Net Cash Provided by (Used in) Investing Activities -276.45M -263.67M -235.69M -2.38M -61.63M 20.22M
Net Cash Provided by (Used in) Financing Activities 289.79M 315.81M 264.97M -5.71M 79.37M -56.34M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (VSEC CIK 0000102752), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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