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MARKETS / NASDAQ / VSEC
NASDAQ · SERVICES-ENGINEERING SERVICES · LARGE CAP

VSE Corp. VSEC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 41.5% YoY
$11.7M
▼ 23.6% YoY
$5.7M
Growth
USD 1.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.0
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
+18.4%
+10.9%
+7.6%
+2.1%
−25.3%
−7.3%
−4.6%
−36.9%
−13.4%
+0.0%
+2.1%
+6.4%
+17.4%
+15.8%
+13.9%
+14.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 8.1% · Net 1.1%
5%200920112013201520172019202120232025
ROE
FY2025 · ROE 1.0%
10%20%200920112013201520172019202120232025

Each USD of equity produced 1 cents of profit this year.

Cash & shareholders
USD 8.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 5.7
20M40M-20M-40M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 8.3 · Net buybacks —
4M8M200920112013201520172019202120232025

USD 8.3M in dividends — 71% of the year's profit went back to shareholders.

Total assetsUSD 2.0B
EquityUSD 1.4B
CashUSD 69.4M
Gross debtUSD 292.8M
Net debtUSD 223.4M
Current ratio3.76×

Net debt stands at 16% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.10.80.50.70.50.70.80.70.80.70.50.40.50.50.60.81.0
Operating income $B0.10.10.10.1−0.00.00.10.10.10.10.10.00.00.10.00.00.0
EBITDA $B0.10.10.10.10.00.00.10.10.10.10.10.10.10.10.10.00.0
Income tax $B0.00.00.00.0−0.00.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.0−0.1−0.0−0.0−0.00.00.00.00.00.00.00.00.10.00.00.00.0
EPS, diluted $0.550.852.762.190.63−0.473.353.213.602.472.311.814.284.013.904.534.67
Dividend / sh $0.400.400.400.400.370.360.350.310.270.230.210.200.350.310.270.310.20
Payout %7146141856−771097991187754
ROE %1.01.97.36.52.1−1.410.711.314.311.111.59.913.013.815.421.023.7
Shares out B0.020.020.020.010.010.010.010.010.010.010.010.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 20 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Engineering Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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