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VSE Corporation VSEC Debt-to-equity

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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
Current ratio3.8×0.0×

Where this comes from

Calculated from VSE Corporation’s reported figures.

Based on the most recent quarter.

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

Filed
Aug 6, 2026, 4:34 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000102752-26-000064

FAQ

What is VSE Corporation's debt-to-equity?
VSE Corporation (VSEC) reported debt-to-equity of 0.3× in Q2 2026.
How has VSE Corporation's debt-to-equity changed year-over-year?
VSE Corporation's debt-to-equity decreased by 18.0% year-over-year, from 0.4× to 0.3×.
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.

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