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VSE Corporation

VSECIndustrialsNASDAQ

Aerospace & Defense

PriceMA150MA200
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Financials · Annual
Revenue
$1.11B
+41.5% YoY
Net Income
$11.7M
-23.6% YoY
EBITDA
$129.5M
+48.0% YoY
Free Cash Flow
$110.2M

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About VSE Corporation

VSE Corporation engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets. With a market capitalization of $5.06B, it sits in mid-cap territory. It offers its services to global client base of commercial airlines, regional airlines, air cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators.

Key stats
Market Cap$5.06B
P/E (TTM)62.13
Fwd P/E31.01
EPS$2.90
Beta1.25
52W Change+37.4%
Dividend Yield0.22%
ROE3.8%
Analysis

With $1.24B in cash and $402.8M in debt, VSEC maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow comes in at $110.2M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 3.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $669.4M (2022) to $1.11B (2025), reflecting a 66% increase over the period.

With cash comfortably exceeding debt, VSEC has financial flexibility that may help navigate uncertain periods. The elevated P/E ratio means the stock is priced for significant future growth. If earnings disappoint, the price correction could be sharp. No single metric tells the full story. Reviewing VSEC's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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