VSE Corp (VSECU) income 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 13/3020% above fair value

$44.22+0.80 (+1.83%)

Close on Nov 4, 2026Market cap $4.60BP/E 59.8Yield 0.24%

VSE Corp income statement

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

Line item	TTM Q2 2026 2026-06-30	TTM Q1 2026 2026-03-31	TTM FY 2025 2025-12-31	TTM Q3 2025 2025-09-30	TTM Q2 2025 2025-06-30	TTM Q1 2025 2025-03-31	TTM FY 2024 2024-12-31	TTM Q3 2024 2024-09-30	TTM Q2 2024 2024-06-30	TTM Q1 2024 2024-03-31	TTM FY 2023 2023-12-31	TTM Q3 2023 2023-09-30	TTM Q2 2023 2023-06-30	TTM Q1 2023 2023-03-31	TTM FY 2022 2022-12-31	TTM Q3 2022 2022-09-30	TTM Q2 2022 2022-06-30	TTM Q1 2022 2022-03-31	TTM FY 2021 2021-12-31	TTM Q3 2021 2021-09-30	TTM Q2 2021 2021-06-30	TTM Q1 2021 2021-03-31	TTM FY 2020 2020-12-31	TTM Q3 2020 2020-09-30	TTM Q2 2020 2020-06-30	TTM Q1 2020 2020-03-31	TTM FY 2019 2019-12-31	TTM Q3 2019 2019-09-30	TTM Q2 2019 2019-06-30	TTM Q1 2019 2019-03-31	TTM FY 2018 2018-12-31	TTM Q3 2018 2018-09-30	TTM Q2 2018 2018-06-30	TTM Q1 2018 2018-03-31	TTM FY 2017 2017-12-31	TTM Q3 2017 2017-09-30	TTM Q2 2017 2017-06-30	TTM Q1 2017 2017-03-31	TTM FY 2016 2016-12-31	TTM Q3 2016 2016-09-30
Revenue	1,358	1,181	1,112	1,038	959	880	786	794	822	834	544	797	733	698	669	779	812	817	481	691	656	649	662	707	740	760	753	738	709	690	697	711	716	740	760	780	779	745	692	622
Cost of Revenue	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	292	292	290	292	285	280	275
Gross Profit	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	448	468	490	486	460	412	347
Selling, General & Admin	24	17	13	9.98	12	13	14	10	10	8.00	7.12	7.98	6.02	4.98	3.64	3.53	3.75	4.32	3.45	2.59	2.67	2.91	3.12	3.71	3.37	3.06	4.19	4.21	4.54	4.28	3.71	3.66	3.06	2.80	2.43	3.61	4.01	5.67	6.61	4.84
Operating Income	124	98	90	78	88	68	59	26	31	49	50	79	68	58	54	24	23	-0.39	-2.71	23	23	14	14	17	20	58	60	59	57	54	54	54	51	52	54	55	56	53	52	53
Interest Expense	–	–	21	–	–	–	35	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Asset Impairment Charges	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	–	–	–	34	–	–	–	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Investments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	-0.68	-8.21	-8.21	-8.21	-7.54	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	-0.26	-0.04	-0.05	-0.07	-0.07	-0.07	-0.48	-0.42	-0.42	-0.42	0	-0.12	–	–	-0.12	–	–	–	0.06	0.12	0.12	-0.56	1.05	0.45	0.45	1.13	0	–	–	–	–	–	–	–	–	–	–	–	–	–
Pretax Income	110	87	69	52	57	34	24	-11	-5.78	15	19	51	45	38	36	8.18	9.01	-13	-15	11	10	0.75	0.43	3.17	6.02	44	46	46	46	44	45	45	42	43	45	45	46	43	42	43
Income Tax Expense	26	18	16	10	10	6.09	4.41	-4.74	-2.39	2.73	4.50	13	11	9.61	9.05	2.25	1.75	-3.17	-3.77	3.03	3.49	4.14	5.60	4.35	4.79	10	9.40	9.71	10	9.85	10	2.06	1.99	3.89	5.99	16	17	16	15	16
Income from Continuing Operations	83	69	53	42	47	28	19	-6.76	-3.39	12	15	38	34	28	27	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Income from Discontinued Operations	-8.41	-19	-42	-30	-28	-15	-4.08	21	15	11	25	-5.86	-1.59	2.44	1.40	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income	75	50	12	11	19	13	15	14	12	23	39	32	32	31	28	29	29	9.10	7.97	7.78	6.87	-3.39	-5.17	-1.19	1.23	34	37	36	36	35	35	43	40	39	39	29	29	28	27	27
EPS (Basic)(per share)	2.77	2.00	0.55	0.56	1.00	0.69	0.86	0.79	0.80	1.64	2.77	2.41	2.51	2.42	2.20	2.31	2.28	0.72	0.63	0.70	0.72	-0.36	-0.47	-0.10	0.13	3.08	3.38	3.31	3.27	3.17	3.23	3.97	3.66	3.58	3.61	2.67	2.72	2.55	2.48	2.54
EPS (Diluted)(per share)	2.74	1.99	0.55	0.55	0.99	0.67	0.85	0.79	0.79	1.63	2.76	2.40	2.50	2.41	2.19	2.29	2.27	0.71	0.63	0.70	0.72	-0.36	-0.47	-0.12	0.10	3.04	3.35	3.28	3.25	3.16	3.21	3.96	3.65	3.57	3.60	2.66	2.70	2.53	2.47	2.53
Shares Outstanding (Basic, Weighted)(shares)	25	23	21	21	20	19	18	17	16	15	14	13	13	13	13	13	13	13	13	12	12	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Shares Outstanding (Diluted, Weighted)(shares)	26	23	21	21	20	19	18	17	16	15	14	13	13	13	13	13	13	13	13	12	12	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Dividend per Share(per share)	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.40	0.39	0.38	0.37	0.36	0.36	0.36	0.36	0.36	0.36	0.36	0.35	0.34	0.33	0.32	0.31	0.37	0.29	0.28	0.27	0.25	0.25	0.24	0.24	0.23
EBITDA	181	141	130	116	123	100	88	52	55	72	74	102	93	83	78	48	48	25	22	48	47	37	38	41	46	84	87	85	83	81	79	79	76	77	80	81	82	80	78	79
Net Interest Income	–	–	–	–	–	–	–	–	-37	-34	-31	-27	-24	-20	-18	-16	-14	-13	-12	-12	-13	-13	-13	-14	-14	-14	-14	-13	-11	-9.97	-8.98	-8.78	-8.79	-8.98	-9.24	-9.61	-9.77	-9.79	-9.86	-9.95

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: 59.8
Price to sales: 3.39
Price to book: 1.57
Dividend yield: 0.24%

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