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VSE Corporation VSEC Pre-Tax Income

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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
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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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, except share and per share amounts)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Operating income48,95822,51381,70647,017
Interest expense, net5,2306,4453,82814,384
Loss on debt extinguishment4,4734,473
Income from continuing operations before income taxes39,25516,06873,40532,633
Provision for income taxes10,7322,43015,8275,027
Net income from continuing operations28,52313,63857,57827,606
Loss from discontinued operations, net of tax(10,441)(33,382)
Net income (loss)$28,523$3,197$57,578$(5,776)

Item 1. Financial Statements

FAQ

What is VSE Corporation's pre-tax income?
VSE Corporation (VSEC) reported pre-tax income of $39.26M in Q2 2026.
How has VSE Corporation's pre-tax income changed year-over-year?
VSE Corporation's pre-tax income increased by 144.3% year-over-year, from $16.07M to $39.26M.
What is the long-term trend for VSE Corporation's pre-tax income?
Over 3 years (2021 to 2025), VSE Corporation's pre-tax income has grown at a 67.2% compound annual growth rate (CAGR), from -$14.77M to $69.04M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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