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Acquisitions at other companies

AAR Corp logo
AAR CorpAIR
$37.4M+750%
HEICO logo
HEICOHEI
$379.87M+1,110%
Woodward logo
WoodwardWWD
$4.2M-59.7%
General Electric logo
General ElectricGE
$1M-99.6%
AIR
Air TAIRT
$336K
Parker-Hannifin logo
Parker-HannifinPH
$0

Other financials

Income statement

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Revenue$449.1M+65.0%
Operating income$49.0M+117%
Net income$28.5M+792%
EPS (diluted)$0.91+469%

Balance sheet

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Cash & equivalents$75.4M+346%
Total debt$1.0B+146%
Total equity$2.9B+199%
Total assets$4.4B+174%

Cash flow

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Operating cash flow-$62.3M-33.5%
CapEx$8.9M+58.7%
Free cash flow-$68.7M-38.8%

Valuation

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Market cap$6.33B+95.9%
Enterprise value$7.28B+100%
P/E84.3×-86.3×
P/S4.7×+1.3×

Profitability

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Gross margin60.6%
Operating margin9.2%0.0pp
Net margin5.5%+3.6pp
FCF margin-9.9%

Returns & leverage

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Return on equity3.8%+1.7pp
Debt / equity0.3×-0.1×
Current ratio3.8×0.0×

Where this comes from

Reported directly by VSE Corporation in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: VSE Corporation’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:34 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000102752-26-000064
(in thousands)Six months ended June 30, 2026Six months ended June 30, 2025
Cash flows from investing activities:
Purchases of property and equipment(15,327)(8,464)
Proceeds from the sale of business segments, net of cash divested138,816
Cash paid for acquisitions, net of cash acquired(1,766,844)(47,739)
Purchases of intangible assets(14,707)
Proceeds from corporate-owned life insurance settlements760
Net cash (used in) provided by investing activities(1,796,118)82,613
Cash flows from financing activities:

Item 1. Financial Statements

FAQ

What is VSE Corporation's acquisitions?
VSE Corporation (VSEC) reported acquisitions of $1.76B in Q2 2026.
How has VSE Corporation's acquisitions changed year-over-year?
VSE Corporation's acquisitions increased by 3589.8% year-over-year, from $47.74M to $1.76B.
What is the long-term trend for VSE Corporation's acquisitions?
Over 3 years (2021 to 2025), VSE Corporation's acquisitions has grown at a 94.8% compound annual growth rate (CAGR), from $53.34M to $394.14M.
What does acquisitions mean?
Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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