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MARKETS / NYSE / Industrials / Engineering and consulting / VVX
NYSE · SERVICES-FACILITIES SUPPORT MANAGEMENT SERVICES · LARGE CAP

V2x, Inc. VVX

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$4.5B
▲ 3.7% YoY
$77.9M
▲ 124.5% YoY
$170.1M
▼ 29.9% YoY

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

In brief

What this company does

V2X, Inc. provides critical mission solutions primarily to defense customers, operating in 349 locations across 49 countries and territories worldwide. As of December 31, 2025, the Company had approximately 16,200 employees and 7,300 subcontract personnel. V2X was the prime contractor on contracts representing 95%, 94% and 94% of its revenue for the years ended December 31, 2025, 2024 and 2023, respectively. The Company operates as one segment, offering capabilities in multi-domain high impact readiness, integrated supply chain management, assured communications, mission solutions, and platform renewal and modernization to national security, defense, civilian and international customers. Under its platform renewal and modernization offering, V2X's operations span over 900,000 square feet of engineering, lab, manufacturing and repair space. Under that same offering, V2X supports approximately 1,690 aircraft, delivering maintenance from flight line to depot.

Written from the business description in V2X, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.5B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.5 · Net income 0.1
2B4B
201220152018202120242025
Compound annual growth
+15.7%
+26.3%
+16.1%
+9.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +26.3% a year over the five years to FY2025 — but profit grew slower: net income at +16.1%.

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

2 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 4.3% · Net 1.7%
2%4%
201220182025
ROE
FY2025 · ROE 7.4%
20%40%
201220182025
Three returns, three denominators.
Gross margin8.3%
Operating margin4.3%
Net margin1.7%
EBITDAUSD 211.3M

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 29.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 170.1
100M200M
201220182025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 29.4
15M30M
202320242025
Dividends paid·
Net buybacksUSD 29.4M
Share of profit37.8%
Consecutive raises·

USD 29.4M in buybacks — 38% of the year's profit went back to shareholders.

Total assetsUSD 3.3B
EquityUSD 1.1B
CashUSD 369.0M
Gross debtUSD 1.1B
Net debtUSD 729.2M
Current ratio1.22×

Net debt stands at 67% of equity.

The 14-year record

14 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—not applicable◌not available in our data
VVX, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B4.54.34.02.91.81.41.41.31.11.2◌◌◌◌
Operating income $B0.20.20.10.10.10.00.00.00.00.00.00.00.10.1
EBITDA $B0.20.20.10.10.10.00.10.00.00.00.00.00.10.1
Income tax $B0.00.0−0.00.00.00.00.00.0−0.00.00.00.00.00.0
Net income $B0.10.0−0.0−0.00.00.00.00.00.10.00.00.00.10.1
Free cash flow $B0.20.20.20.10.10.10.00.00.00.00.00.00.10.1
EPS, diluted $2.451.08−0.73−0.683.863.142.863.085.312.162.862.138.067.13
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %7.43.4−2.3−2.114.013.113.817.439.722.943.318.643.037.1
Shares out B0.030.030.030.030.010.010.010.010.010.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Nine checks were skipped: revenue is not tagged before 2016. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Facilities Support Management Services
Listed onNYSE
Incorporated inIndiana
Fiscal year endsDecember 31
Data on record since2012

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