VSECNasdaqServices-Engineering ServicesFiscal year ends December 31Also trades as VSECU
VSE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$158.08−6.00 (-3.66%)
Close on Oct 19, 2026
- Market cap
- $4.96B
- P/E (TTM)
- 57.7
- Dividend yield
- 0.25%
VSE CORP revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aviation Segment | $1.11B | $786.26M | $544.02M | $408.11M | $247.85M | – | – | – | – | – | 100.0% | +41.5% |
| Federal Services | – | – | – | – | – | – | – | – | – | $46.74M | – | – |
| Fleet | – | – | – | – | – | $242.17M | $214.52M | $214.81M | $214.54M | $205.48M | – | – |
| Aviation | – | – | – | – | – | $165.07M | $224.55M | $145.42M | $134.81M | $133.47M | – | – |
| Federal and Defense | – | – | – | – | – | $254.42M | $313.56M | $336.99M | $410.76M | $352.85M | – | – |
| Aviation | – | – | – | $408.11M | $247.85M | $165.07M | $224.55M | – | – | – | – | – |
| Federal and Defense | – | – | – | $280.31M | $269.47M | $254.42M | $313.56M | – | – | – | – | – |
| Fleet | – | – | – | $261.34M | $233.53M | $242.17M | $214.52M | – | – | – | – | – |
| Fleet | – | $293.88M | $316.47M | $261.34M | $233.53M | – | – | – | – | – | – | – |
| Fleet | – | $293.88M | $316.47M | $261.34M | – | – | – | – | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aviation Segment | – | $101.39M | $71.17M | $36.42M | -$14.37M | – | – | – | – | – | – |
| Federal Services | – | – | – | – | – | – | – | – | – | $3.61M | – |
| Fleet | – | – | – | – | – | $26.66M | $29.82M | $30.63M | $33.75M | $34.63M | – |
| Aviation | – | – | – | – | – | -$35.51M | $17.90M | $11.08M | $9.70M | $12.82M | – |
| Federal and Defense | – | – | – | – | – | $26.31M | $18.14M | $15.80M | $13.42M | $7.80M | – |
| Aviation | – | – | – | $36.42M | -$14.37M | -$35.51M | $17.90M | – | – | – | – |
| Federal and Defense | – | – | – | -$805.00K | $19.90M | $26.31M | $18.14M | – | – | – | – |
| Fleet | – | – | – | $23.91M | $20.43M | $26.66M | $29.82M | – | – | – | – |
| Fleet | – | $17.02M | $31.26M | $23.91M | $20.43M | – | – | – | – | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Products | $703.93M | $482.80M | $376.57M | $554.01M | $397.34M | $318.32M | $311.62M | $293.95M | $350.13M | $341.78M | 63.3% | +45.8% |
| Services | $408.35M | $303.46M | $167.45M | $115.44M | $84.04M | $343.34M | $441.01M | $403.27M | $409.98M | $350.01M | 36.7% | +34.6% |
By region
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $629.67M | $492.30M | $340.92M | $557.62M | $399.42M | $598.14M | $659.45M | $647.17M | $708.47M | $638.73M | 56.6% | +27.9% |
| Other Countries | $333.58M | $186.65M | $130.66M | – | – | – | – | – | – | – | 30.0% | +78.7% |
| Canada | $149.03M | $107.31M | $72.45M | – | – | – | – | – | – | – | 13.4% | +38.9% |
| Other Countries | – | $294.53M | $203.72M | $111.83M | $81.96M | $63.52M | $93.18M | $50.05M | $51.64M | $53.06M | – | – |
From the segment and revenue-disaggregation notes of VSE's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.