VSE Corp (VSECU) cash flow statement

VSECUNasdaqServices-Engineering ServicesFiscal year ends December 31Also trades as VSEC

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 13/3019% above fair value

$43.42+0.96 (+2.27%)

Close on Nov 3, 2026Market cap $4.57BP/E 59.5Yield 0.25%

VSE Corp cash flow statement

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Depreciation & Amortization	40	29	23	25	25	24	27	25	26	26	26	19	20	21	15	8.94	7.62
Stock-Based Compensation	13	8.32	7.74	4.47	3.93	2.86	3.26	3.03	3.07	2.11	2.08	1.74	1.58	1.08	1.43	1.71	1.24
Deferred Income Taxes	1.28	-7.67	-4.50	-1.95	-4.63	0.11	-0.51	-1.40	-11	-1.15	0.08	3.08	-0.87	-1.25	1.28	-0.73	0.56
Change in Accounts Receivable	-27	-40	-26	-27	-9.41	7.73	-3.33	-3.75	-0.09	-12	-8.14	19	14	25	51	26	32
Change in Inventory	-57	-32	-88	-59	-80	-50	-44	-36	3.75	-27	-10	-10	2.24	0.44	-4.76	0	0
Change in Accounts Payable	-11	-32	24	36	33	3.50	7.73	-7.41	-24	55	-0.36	-1.22	1.92	-17	-32	-36	-43
Operating Cash Flow	27	-31	-22	8.05	-18	36	18	19	50	47	38	50	57	60	35	18	24
Capital Expenditures	-21	-21	-19	-11	-11	-4.43	-9.63	-3.12	-3.74	-6.55	-11	-3.41	-4.42	-21	-6.64	-4.81	-8.78
Acquisitions	-394	-283	-219	0	-53	0	-113	0	0	-0.06	-195	0	0	-4.61	-175	-30	0
Sale of Property, Plant & Equipment	–	–	0	0	0.07	2.88	0.00	0.12	0.73	0.14	0.51	0	0	–	0.04	0.17	0.14
Divestitures	139	40	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Investing Cash Flow	-276	-264	-236	-2.38	-62	20	-123	-1.30	-3.01	-6.47	-205	-3.41	-4.42	-25	-182	-35	-10
Dividends Paid	-8.26	-7.06	-5.44	-5.11	-4.43	-3.97	-3.73	-3.26	-2.82	-2.48	-2.26	-2.03	-1.81	-1.59	-1.36	-1.14	-0.97
Stock Issued	442	326	130	0.90	52	0	0	–	–	–	–	–	–	–	–	–	–
Debt Issued	667	739	844	520	492	433	752	539	349	322	519	296	290	269	471	175	205
Debt Repaid	-804	-740	-700	-518	-458	-452	-642	-550	-391	-340	-333	-337	-341	-293	-325	-157	-211
Taxes Paid on Share-Based Awards	-5.14	-2.63	-1.11	-1.02	-0.68	-0.69	-0.96	-0.64	-0.50	-0.50	-0.34	-0.31	-0.26	–	–	–	–
Other Financing Activities	-0.14	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financing Cash Flow	290	316	265	-5.71	79	-56	105	-18	-47	-41	168	-46	-53	-33	142	15	-6.72
Net Change in Cash	40	21	7.45	-0.04	0.14	-0.36	0.57	-0.46	0.20	-0.31	0.48	0.04	-1.28	1.05	-5.31	-2.26	7.39
Free Cash Flow	5.71	-52	-40	-3.16	-28	31	8.36	16	47	41	27	46	52	39	28	13	16
Income Taxes Paid	16	12	14	10	7.54	4.76	12	9.53	16	19	16	9.93	16	11	13	15	16
Interest Paid	27	37	35	16	12	14	13	7.52	7.61	8.23	6.62	2.14	4.19	5.51	3.15	0.36	0.12

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: 9.2%
Net margin: 5.5%
Return on equity, FY2025: 1.0%

Financial strength

Current ratio: 3.77
Debt to equity: 0.32
Debt to assets: 21.5%
Cash to current liabilities: 21.4%

Valuation

P/E ratio: 59.5
Price to sales: 3.37
Price to book: 1.56
Dividend yield: 0.25%

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