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VSE Corporation VSEC Debt-to-equity

Debt-to-equity at other companies

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AAR CorpAIR
0.6×-0.3×
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0.5×0.0×
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StandardAeroSARO
0.9×-0.1×
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Archer AviationACHR
0.1×0.0×
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2.3×+1.6×
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FTAI Aviation Ltd.FTAI
-121×

Other financials

Income statement

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Revenue$324.6M+26.8%
Operating income$32.7M+33.6%
Net income$29.1M+424%
EPS (diluted)$1.04+336%

Balance sheet

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Cash & equivalents$1.2B+11,695%
Total debt$402.5M-20.2%
Total equity$2.7B+173%
Total assets$3.3B+91.0%

Cash flow

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Operating cash flow-$62.3M-33.5%
CapEx$6.5M+125%
Free cash flow-$68.7M-38.8%

Valuation

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Market cap$6.15B+109%

Profitability

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Gross margin60.6%
Operating margin8.3%+0.6pp
Net margin4.2%+2.7pp
FCF margin-9.9%

Returns & leverage

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Return on equity2.7%+1.1pp
Current ratio8.8×+4.9×

Where this comes from

Calculated from VSE Corporation’s reported figures.

Based on the most recent quarter.

The official record: VSE Corporation’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is VSE Corporation's debt-to-equity?
VSE Corporation (VSEC) reported debt-to-equity of 0.2× in Q1 2026.
How has VSE Corporation's debt-to-equity changed year-over-year?
VSE Corporation's debt-to-equity decreased by 70.8% year-over-year, from 0.5× to 0.2×.
What is the long-term trend for VSE Corporation's debt-to-equity?
Over 5 years (2020 to 2025), VSE Corporation's debt-to-equity has grown at a -21.1% compound annual growth rate (CAGR), from 0.8× to 0.2×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.