VSEC - VSE CORP

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	41.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+729%)	-8.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-273%)	28.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+471%)	-10.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-317%)	13.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+170%)	-12.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-342%)	7.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	-8.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-265%)	9.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+98%)	29.6% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+491%)	25.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+418%)	-10.1% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-302%)	-13.7% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-375%)	-5.9% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-217%)	-32.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-759%)	-14.6% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-393%)	—	—
EPS Growth YoY (%)	-36.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-69.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	25.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	249.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	4.6% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-10.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	45.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	6.9% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	28.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-15.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.5% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	2.5% Caution ↑ Caution Improving Year-over-year change in earnings per share Optimal: > 10%	-13.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-2.6% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-23.6% Weak ↓ Weak Declining Year-over-year change in net income	-60.8% Weak ↓ Weak Declining Year-over-year change in net income	39.5% Excellent Excellent Year-over-year change in net income	252.2% Excellent Excellent Year-over-year change in net income	N/M	N/M	5.5% Fair ↓ Fair Declining Year-over-year change in net income	-10.3% Weak ↓ Weak Declining Year-over-year change in net income	45.9% Excellent ↑ Excellent Improving Year-over-year change in net income	7.5% Fair ↑ Fair Improving Year-over-year change in net income	28.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-15.3% Weak ↓ Weak Declining Year-over-year change in net income	7.3% Fair ↑ Fair Improving Year-over-year change in net income	3.6% Caution ↑ Caution Improving Year-over-year change in net income	-13.2% Weak Weak Year-over-year change in net income	-1.4% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	N/M	-1.0% Weak ↑ Weak Improving Year-over-year change in free cash flow	-1058.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	89.0% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	N/M	272.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-47.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-66.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	14.4% Fair ↑ Fair Improving Year-over-year change in free cash flow	49.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-41.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-11.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	32.8% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	39.4% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	111.4% Excellent Excellent Year-over-year change in free cash flow	-17.8% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	18.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	1.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-3.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.5% Caution → Caution Stable Compound annual revenue growth over 3 years	-4.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	21.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	13.6% Good ↑ Good Improving Compound annual revenue growth over 3 years	-0.8% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-10.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-18.3% Weak Weak Compound annual revenue growth over 3 years	-18.6% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	10.9% Good ↑ Good Improving Compound annual revenue growth over 5 years	0.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	4.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-2.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	1.7% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	4.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	12.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	8.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.8% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.6% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-9.2% Weak Weak Compound annual revenue growth over 5 years	-16.0% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-37.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	10.9% Good ↑ Good Improving Compound annual EPS growth over 3 years	—	-13.3% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-42.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	10.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	11.7% Good → Good Stable Compound annual EPS growth over 3 years	25.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	5.0% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	4.8% Caution ↑ Caution Improving Compound annual EPS growth over 3 years	-2.7% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-2.0% Weak Weak Compound annual EPS growth over 3 years	-4.9% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	8.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	7.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	10.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	8.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	2.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	2.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-82%)	8.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	7.8% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	7.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	7.4% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	9.5% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	8.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-27%)	9.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	9.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-22%)	6.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	4.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	3.8% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	—
Effective Tax Rate (%) (%)	22.5% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.2% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.3% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.7% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1311.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.7% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.2% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.6% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.7% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.7% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	37.8% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	4.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	4.2% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	1.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	-0.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	4.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	5.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	5.1% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	3.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	4.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	4.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)	4.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	3.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	3.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	2.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	2.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	—
FCF Margin (%) (%)	0.5% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-6.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-4.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-0.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-3.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.1% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.1% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.1% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.8% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	1.5% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.49x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.38x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.03x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-0.11x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.53x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-6.06x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.23x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.45x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.52x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.28x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.83x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.35x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.55x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.65x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	4.0% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	3.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	6.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	5.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	2.6% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-27.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	8.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	10.1% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	6.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	10.0% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	7.3% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	17.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	23.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	4.4% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.5% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	8.6% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	7.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.4% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.6% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	12.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.9% Fair Fair Operating profit relative to total assets Optimal: > 10%	13.2% Good Good Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	0.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-95%)	1.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-90%)	6.3% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	6.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-58%)	1.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-87%)	-1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-110%)	10.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-32%)	10.7% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	13.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-11%)	10.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	10.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-28%)	9.4% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-37%)	12.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-18%)	13.0% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	14.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	19.1% Good Good Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	23.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+58%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.20x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.44x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-38%)	0.70x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.64x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-9%)	0.68x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.70x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.74x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+6%)	0.49x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-30%)	0.59x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-16%)	0.76x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+8%)	0.94x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	0.24x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-66%)	0.48x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.85x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+22%)	1.14x Caution Caution Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+63%)	0.09x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-87%)	—	—
Interest Coverage (x)	3.34x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.58x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	2.51x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.26x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.77x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.00x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	4.47x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	7.21x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.14x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.23x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	5.30x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	18.46x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.92x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	9.82x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	11.64x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	212.29x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—
Net Debt (USD)	$223.45M	$400.67M	$421.58M	$286.00M	$284.05M	$250.72M	$269.28M	$160.44M	$171.95M	$193.19M	$214.50M	$48.34M	$89.48M	$138.70M	$163.75M	$5.35M	—	—
Debt / EBITDA (x)	2.26x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.92x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.85x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.66x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.04x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.60x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.10x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.02x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.15x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.50x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.83x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.87x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.40x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.94x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.21x Caution Caution Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.24x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$52.62	$43.98	$60.90	$52.38	$59.82	$59.96	$68.68	$64.10	$70.16	$64.09	$49.69	$39.60	$44.25	$51.76	$55.50	$83.44	$98.92	—
Basic EPS, GAAP (USD)	$0.55	$0.86	$2.77	$2.20	$0.63	$-0.47	$3.38	$3.23	$3.61	$2.48	$2.32	$1.81	$2.15	$2.02	$1.97	$2.28	$2.34	—
Free Cash Flow per Share (USD)	$0.27	$-2.89	$-2.87	$-0.25	$-2.24	$2.84	$0.76	$1.45	$4.31	$3.77	$2.51	$4.32	$4.90	$3.69	$2.64	$1.25	$1.52	—
Dividend per Share (USD)	$0.40	$0.40	$0.40	$0.40	$0.37	$0.36	$0.35	$0.31	$0.27	$0.23	$0.21	$0.20	$0.17	$0.15	$0.14	$0.12	$0.10	—
Book Value per Share (USD)	$61.49	$47.99	$39.14	$35.07	$32.79	$32.23	$33.10	$30.17	$27.04	$23.63	$21.33	$19.17	$17.51	$15.52	$13.69	$11.92	$9.88	—
Tangible Book Value per Share (USD)	$21.44	$17.62	$9.57	$11.37	$4.74	$1.32	$-4.15	$3.20	$-1.52	$-6.51	$-10.44	$3.85	$1.17	$-1.90	$-5.89	$6.02	$9.88	—
Basic Weighted Avg Shares (shares)	21.14M	17.88M	14.13M	12.78M	12.55M	11.03M	10.96M	10.88M	10.83M	10.79M	10.75M	10.71M	10.66M	10.56M	10.46M	10.38M	10.26M	—
Dividend Payout Ratio (%)	72.7% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	46.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	14.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	58.7% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-76.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	10.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	9.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	7.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	9.5% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	9.3% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	10.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	8.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	7.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	6.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	5.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	4.2% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$655.82M	$666.85M	$487.14M	$324.27M	$284.03M	$215.73M	$191.16M	$176.34M	$134.56M	$110.02M	$100.78M	$34.87M	$47.69M	$64.98M	$71.12M	$54.57M	—	—
LT Debt (USD)	$292.80M	$430.17M	$429.34M	$286.30M	$284.57M	$251.09M	$270.01M	$160.60M	$172.57M	$193.62M	$215.24M	$48.60M	$89.70M	$140.20M	$164.20M	$11.11M	—	—
Total Equity (USD)	$1.44B	$988.19M	$616.73M	$449.53M	$417.33M	$356.32M	$363.10M	$328.39M	$293.10M	$255.19M	$229.31M	$205.49M	$186.80M	$164.34M	$143.60M	$123.78M	$101.31M	$76.12M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$1.11B	$786.26M	$860.49M	$669.45M	$750.85M	$661.66M	$752.63M	$697.22M	$760.11M	$691.79M	$533.98M	$424.07M	$471.64M	$546.75M	$580.76M	$866.04M	$1.01B	—
Depreciation Expense (USD)	$39.92M	$28.76M	$23.42M	$24.60M	$25.60M	$24.14M	$26.93M	$25.22M	$25.88M	$26.05M	$25.54M	$18.77M	$20.02M	$21.16M	$15.10M	$8.94M	$7.62M	—
Net Income, GAAP (USD)	$11.70M	$15.32M	$39.13M	$28.06M	$7.97M	$-5.17M	$37.02M	$35.08M	$39.10M	$26.79M	$24.92M	$19.36M	$22.85M	$21.29M	$20.55M	$23.69M	$24.02M	—
Operating Cash Flow (USD)	$26.99M	$-31.04M	$-21.83M	$8.05M	$-17.60M	$35.76M	$17.99M	$18.86M	$50.42M	$47.19M	$37.57M	$49.72M	$56.60M	$59.81M	$34.30M	$17.79M	$24.39M	—

VSE CORP

Analytical Summary

18-Year Financial Trajectory

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Percentile Rankings

Peer Comparison

Compare VSEC with peers