VSE Corporation

VSE Corporation

VSECยทNASDAQ

$176.03

+0.15%
IndustrialsAerospace & Defense

VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through three segments: Aviation, Fleet, and Federal and Defense. The Aviation segment provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair, and overhaul (MRO) services. This segment serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. The Fleet segment offers parts supply, inventory management, e-commerce fulfillment, logistics, and other services to assist aftermarket commercial and federal customers with their supply chain management. This segment also provides sale of vehicle parts and supply chain services to support client truck fleets, as well as sustainment solutions and managed inventory services to government and commercial truck fleets. The Federal and Defense segment offers aftermarket refurbishment and sustainment services to extend and maintain the life cycle of military vehicles, ships, and aircraft for the United States Department of Defense (DoD). This segment also provides foreign military sales services, engineering, logistics, maintenance, configuration management, prototyping, technology, and field support services to the DoD and other customers. In addition, this segment offers energy consulting services and IT solutions to various DoD, federal civilian agencies, and commercial clients. The company also provides vehicle and equipment maintenance and refurbishment, logistics, engineering support, energy services, and IT and health care IT solutions, as well as consulting services. VSE Corporation was incorporated in 1959 and is headquartered in Alexandria, Virginia.

At a Glance

Live Snapshot
Market Cap$4.02B
EPS2.5200
P/E Ratio69.85
Earnings Date07/29/2026
3Y+235.0%
5Y-25.0%
10Y-43.0%
3Y+11530.0%
5Y-1467.0%
10Y+4175.0%
3Y-5172.0%
5Y-614.0%
10Y-806.0%
VSEC

VSE Corporation Cash Conversion Engine

VSEC ยท NASDAQ
Net Income53.49M
Depreciation & Amortization39.92M
Stock-Based Compensation0.00
Change in Working Capital-113.13M
Others46.76M
Capital Expenditures-21.28M
Free Cash Flow5.71M

Cash Flow Quality Analysis

FCF Conversion Rate

10.7%

Weak cash conversion. Significant portion of earnings not converting to cashโ€”review working capital trends and capital intensity.

CapEx Intensity

78.8%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

+111.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$113.13M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Capital-intensive growth: Heavy reinvestment limits current cash available but may drive future returns. Assess whether CapEx supports compelling growth opportunities with adequate ROI.

VSE Corporation Cash Flow Statement

VSEC โ€ข NASDAQ

VSE Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
53.5M
15.3M
39.1M
28.1M
8M
-5.2M
37M
35.1M
39.1M
26.8M
24.9M
19.4M
22.9M
21.3M
20.6M
23.7M
24M
19M
14.1M
7.8M
39.9M
28.8M
23.4M
25.6M
25.6M
24.1M
26.9M
25.2M
25.9M
26M
25.5M
18.8M
20M
21.2M
15.1M
8.9M
7.6M
5.4M
3.5M
1.9M
-58K
-10M
-2M
-1.1M
-4.4M
106K
-505K
-1.4M
-10.5M
-1.1M
84K
3.1M
-874K
-1.3M
1.3M
-728K
558K
1.2M
-805K
-614K
0.0
8.3M
7.7M
4.5M
3.9M
2.9M
3.3M
3M
3.1M
2.1M
2.1M
1.7M
1.6M
744K
1M
1.7M
1.2M
956K
0.0
0.0
46.8M
33.4M
2.3M
1.2M
24.4M
35.9M
1.9M
-1.7M
71.8M
-1.3M
426K
3.2M
1.2M
4.6M
-2.5M
77K
-654K
10K
551K
308K
(0.0)
(12.2M)
(13.9M)
(10.3M)
(7.5M)
(4.8M)
(11.6M)
(9.5M)
(16.3M)
(18.9M)
(15.9M)
(9.9M)
(15.6M)
(10.7M)
(12.6M)
(15.5M)
(15.7M)
(10.9M)
(0.0)
(0.0)
-113.1M
-106.9M
-92.4M
-50.1M
-75.1M
-22.1M
-50.6M
-41.4M
-7.1M
-5.3M
-15.5M
3.6M
11.8M
12.9M
-1.2M
-15.9M
-8.4M
-3.8M
-9.1M
-7.7M
27M
-31M
-21.8M
8.1M
-17.6M
35.8M
18M
18.9M
50.4M
47.2M
37.6M
49.7M
56.6M
59.5M
34.3M
17.8M
24.4M
22.9M
8.2M
1.6M
INVESTING ACTIVITIES
-21.3M
-20.7M
-18.7M
-11.2M
-10.5M
-4.4M
-9.6M
-3.1M
-3.7M
-6.5M
-10.6M
-3.4M
-4.4M
-20.9M
-6.6M
-4.8M
-8.6M
-10M
-8.7M
-5.6M
-255.2M
-283.1M
-218.6M
(0.0)
-53.3M
(21.8M)
-113.2M
(1.7M)
(732K)
-63K
-195.1M
(0.0)
(0.0)
-4.6M
-174.9M
-30.2M
-1.6M
-18.8M
-11.8M
(0.0)
0.0
40.2M
1.6M
8.8M
2.2M
2.9M
4K
122K
732K
143K
507K
0.0
0.0
-4.6M
-1.3M
-1.7M
-1.6M
0.0
0.0
0.0
-276.5M
-263.7M
-235.7M
-2.4M
-61.6M
(20.2M)
-122.8M
-1.3M
-3M
-6.5M
-205.2M
-3.4M
-4.4M
-25.5M
-182.9M
-36.7M
-10.3M
-28.8M
-20.5M
-5.6M
FINANCING ACTIVITIES
442.2M
326M
130M
899K
52M
-690K
0.0
0.0
-500K
-499K
0.0
0.0
0.0
0.0
-1.7M
0.0
0.0
0.0
2M
318K
-138.8M
-500K
144.4M
1.9M
33.3M
-19.3M
110.1M
-12.4M
-43.9M
-19.5M
185.1M
-41.9M
-51.2M
-24.6M
146.5M
17.8M
-6.7M
6.6M
81K
0.0
-8.3M
-7.1M
-5.4M
-5.1M
-4.4M
-4M
-3.7M
-3.3M
-2.8M
-2.5M
-2.3M
-2M
-1.8M
-1.6M
-1.4M
-1.1M
-974K
-862K
-741K
-615K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-690K
-955K
(0.0)
-500K
-499K
-342K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-5.3M
-2.6M
-4M
-3.4M
-1.5M
-32.3M
-955K
-2.3M
-500K
-19M
-14.8M
-2.3M
-437K
-6.8M
0.0
-1.8M
931K
640K
2.2M
312K
289.8M
315.8M
265M
-5.7M
79.4M
-56.3M
105.4M
-18M
-47.2M
-41M
168.1M
-46.3M
-53.5M
-33M
143.3M
16.6M
-6.7M
6.4M
3.6M
15K
CASH FLOW SUMMARY
40.3M
21.1M
7.5M
-40K
140K
-356K
572K
-462K
196K
-312K
477K
43K
-1.3M
1.1M
-5.3M
-2.3M
7.4M
529K
-8.6M
-4M
29M
7.9M
478K
518K
378K
734K
162K
624K
428K
740K
263K
220K
1.5M
451K
5.8M
8M
638K
109K
8.7M
12.7M
69.4M
29M
7.9M
478K
518K
378K
734K
162K
624K
428K
740K
263K
220K
1.5M
451K
5.8M
8M
638K
109K
8.7M
5.7M
-51.7M
-40.5M
-3.2M
-28.1M
31.3M
8.4M
15.7M
46.7M
40.6M
27M
46.3M
52.2M
38.6M
27.6M
13M
15.8M
12.9M
-483K
-4M

SEC Filings

VSEC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 08, 2026
May 07, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 05, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 24, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

February 27, 2026
February 24, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 25, 2026
2026
8-K

8-K 2026

N/A

February 05, 2026
February 02, 2026
2026
8-K

8-K 2026

N/A

February 04, 2026
February 02, 2026
2026
Showing 1 to 10 of 442 filings