VVXNYSEServices-Facilities Support Management ServicesFiscal year ends December 31
V2X, Inc.
Financials through Q2 FY2026, quarter ended Jul 3, 2026Last filing: 10-Q on Aug 3, 2026
$69.58−0.59 (-0.84%)
Close on Oct 19, 2026
- Market cap
- $2.19B
- P/E (TTM)
- 24.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
8.3%−0.6 pts over 5 years
Operating margin
4.3%+1.2 pts over 5 years
Net margin
1.7%−0.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.7% | +15.7% | +26.3% | – | |
| Gross profit | +8.9% | +8.2% | +24.6% | – | |
| Operating income | +22.0% | +51.6% | +34.9% | +17.1% | |
| Net income | +124.5% | – | +16.1% | +9.7% | |
| EPS, diluted | +126.9% | – | -4.8% | -1.5% | |
| Free cash flow | -29.9% | +28.0% | +23.3% | +25.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 22.9% | 13.1% | 7.4% | |
| Return on assets | 5.0% | 5.0% | 2.4% | |
| Current ratio | 1.30 | 1.42 | 1.22 | |
| Debt to equity | 0.71 | 0.58 | 1.01 | |
| Inventory turnover | – | – | 84.9× | |
| Capex to revenue | 0.1% | 0.3% | 0.3% | |
| Diluted shares | 11M | 12M | 32M |
Where the cash went
Fiscal 2021 to 2025, five years combined
V2X generated $779.03M from operations and spent $100.93M on capital expenditure, dividends and share buybacks. 70% of that went back into the business.
Generated
$779.03M
Used
$100.93M
Capital expenditure$70.93M70%Dividends$00%Share buybacks$30.00M30%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.7%
×Asset turnover1.38×
×Equity multiplier3.08×
=Return on equity, FY20257.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.7% | 1.38× | 3.08× | 7.4% |
| FY2024 | 0.8% | 1.37× | 3.13× | 3.4% |
| FY2023 | -0.6% | 1.26× | 3.18× | -2.3% |
| FY2022 | -0.5% | 1.40× | 3.06× | -2.1% |
| FY2021 | 2.6% | 2.06× | 2.65× | 14.0% |
| FY2020 | 2.6% | 1.89× | 2.63× | 13.1% |
| FY2019 | 2.4% | 2.29× | 2.52× | 13.8% |
| FY2018 | 2.7% | 2.40× | 2.65× | 17.4% |
| FY2017 | 5.3% | 2.32× | 3.20× | 39.7% |
| FY2016 | 2.0% | 2.51× | 4.59× | 22.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$77.88M
- Cash generatingOperating cash flow above zero$181.99M
- Return on assets improvedROA up on the prior year1.1% → 2.4%
- Earnings backed by cashOperating cash flow above net income$181.99M vs $77.88M
- Less leverageLong-term debt to assets fell33.7% → 33.1%
- Better liquidityCurrent ratio rose1.11 → 1.22
- No dilutionShare count did not rise32M → 32M
- Gross margin improvedGross margin up on the prior year7.93% → 8.33%
- More efficientAsset turnover rose1.40 → 1.39