NASDAQ · SERVICES-ENGINEERING SERVICES · LARGE CAP
VSE Corporation VSEC
17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$1.1B
▲ 41.5% vs FY2024
EPS · FY25
$0.55
Dividend / sh · FY25
$0.40
Payout · FY25
71%
ROE · FY25
1.0%
Net margin · FY25
1.1%
Dividend coverage
1.4×
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Result
USD 1.1B
Revenue, FY2025 · full 17-year series below
Revenue
Net income
1 cents of every revenue dollar became profit this year.
Per share
USD 0.55
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 1.4 times — the rest stayed in the company.
Profitability
1.0%
Return on equity, FY2025
ROE
Operating margin8.1%
Net margin1.1%
Return on assets0.6%
Each USD of equity produced 1 cents of profit this year.
Returned to shareholders
USD 8.3M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 8.3M
Net buybacks—
Share of profit70.6%
Consecutive raises—
USD 8.3M in dividends — 71% of the year's profit went back to shareholders.
Growth
+10.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+18.4%
+10.9%
+7.6%
+2.1%
Net income
−25.3%
−7.3%
−4.6%
EPS, diluted
−36.9%
−13.4%
Dividend / share
+0.0%
+2.1%
+6.4%
Returned to shareholders
+17.4%
+15.8%
+13.9%
+14.1%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
0.02B
Shares outstanding, FY2025
Change, 5 years+111.7%
Change, 10 years+117.6%
The share count grew 112% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 2.0B
total assets, end of FY2025
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.
History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
1.1
0.8
0.5
0.7
0.5
0.7
0.8
0.7
0.8
0.7
0.5
0.4
0.5
0.5
0.6
0.8
1.0
Operating income $B
0.1
0.1
0.1
0.1
−0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.0
0.0
0.0
EBITDA $B
0.1
0.1
0.1
0.1
0.0
0.0
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
Income tax $B
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
0.55
0.85
2.76
2.19
0.63
−0.47
3.35
3.21
3.60
2.47
2.31
1.81
4.28
4.01
3.90
4.53
4.67
Dividend / sh $
0.40
0.40
0.40
0.40
0.37
0.36
0.35
0.31
0.27
0.23
0.21
0.20
0.35
0.31
0.27
0.31
0.20
Payout %
71
46
14
18
56
−77
10
9
7
9
9
11
8
7
7
5
4
ROE %
1.0
1.9
7.3
6.5
2.1
−1.4
10.7
11.3
14.3
11.1
11.5
9.9
13.0
13.8
15.4
21.0
23.7
Shares out B
0.02
0.02
0.02
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
49 of 49
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed