VSE CORP
Company Stats
- Market Cap
- $4.6B
- as of Sep 30, 2026
- Enterprise Value
- $4.8B
- Shares Outstanding
- 28.1M
- Free Float
- 93.4%
Income Statement
- Revenue
- $1.1B
- Operating Income
- $89.6M
- Net Income
- $11.7M
- EBITDA
- $129.5M
- Revenue Growth, 3Y
- 18.4%
- FCF Margin, 3Y Avg
- -4.5%
- FCF Margin, Worst Year
- -7.4%
Cash Flow
- Free Cash Flow
- $5.7M
- FCF Yield
- 0.1%
- Owner FCF Yield
- -0.2%
Balance Sheet
- Cash & Equivalents
- $69.4M
- Total Debt
- $296.2M
- Net Debt
- $226.9M
- Net Debt / EBITDA
- 1.75x
- EV / EBITDA
- 37.44x
- Net Debt / EBIT
- 2.53x
Returns & Capital
- Dividends Paid
- $8.3M
- Dividend Yield
- 0.2%
- Dividend Payout, 3Y Avg
- 43.5%
- SBC, 3Y Avg
- $9.6M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.1B | $5.7M | 0.5% |
| FY2024 | $786.3M | -$51.7M | -6.6% |
| FY2023 | $544.0M | -$40.5M | -7.4% |
| FY2022 | $669.4M | -$3.2M | -0.5% |
| FY2021 | $481.4M | -$28.1M | -5.8% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges