VSE Corporation
NASDAQ•VSEC
CEO: Mr. John A. Cuomo J.D.
Sector: Industrials
Industry: Aerospace & Defense
Listing Date: 1982-10-22
VSE Corporation operates as a diversified aftermarket products and services company in the United States. The company operates through two segments, Aviation and Fleet. The Aviation segment provides aftermarket parts supply and distribution; maintenance, repair, and overhaul services for components and engine accessories supporting commercial, business, and general aviation operators. 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, supply chain support, and other services to support the commercial aftermarket medium- and heavy-duty truck market. 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. VSE Corporation was incorporated in 1959 and is headquartered in Vienna, Virginia.
Contact Information
Market Cap
$4.48B
P/E (TTM)
200.7
150.3
Dividend Yield
0.2%
52W High
$231.60
52W Low
$100.53
52W Range
Rank50Top 68.9%
3.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$301.18M+0.00%
4-Quarter Trend
EPS
$0.58+0.00%
4-Quarter Trend
FCF
$30.87M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Record 2025 Revenue Growth Record revenues of $1.11B achieved in 2025, marking a strong 41% increase over prior year results.
Profitability and Income Surge Operating income grew 52% to $89.6M; net income from continuing operations surged 176% to $53.5M.
Major PAG Acquisition Announced Executing major growth strategy by announcing $2.025B PAG acquisition, expected to close Q2 2026.
Operating Cash Flow Reversal Operating cash flow reversed to positive $27.0M in 2025, compared to $31.0M used in 2024.
Risk Factors
PAG Integration Challenges Integrating large PAG acquisition presents high management distraction risk; failure to realize synergies impacts results.
Aviation Market Demand Risk Success hinges on aviation aftermarket demand; downturns in commercial travel severely impact sales and credit risk.
Increased Leverage and Debt Significant debt load of $292.8M combined with new financing increases leverage and limits future operational flexibility.
Material Customer Concentration Material customer concentration risk exists, with one affiliated group representing 20% of total 2025 revenues.
Outlook
Pure-Play Aviation Focus Strategy finalized as pure-play aviation provider focusing on higher margin aftermarket distribution and MRO services.
PAG Acquisition Financing Secured Secured approximately $1.3B in February 2026 offerings to finance portion of cash consideration for PAG acquisition.
New Credit Facility Terms New May 2025 credit facility provides lower rates and increased flexibility, maturing in May 2030.
Inventory Valuation Monitoring Monitoring inventory levels ($553.8M) and managing risks associated with potential obsolescence and slow movement.
Peer Comparison
Revenue (TTM)
$9.75B
$6.39B
$5.67B
Gross Margin (Latest Quarter)
60.0%
57.3%
46.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PL | $8.04B | -60.4 | -31.0% | 41.7% |
| SNDR | $4.90B | 47.2 | 3.4% | 11.4% |
| SEB | $4.81B | 9.8 | 10.1% | 22.1% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 29, 2026
EPS:$0.93
|Revenue:$311.34M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data