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VSE Corporation VSEC Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

GHC
Graham HoldingsGHC
2.9%-0.1pp
Franklin Electric logo
Franklin ElectricFELE
12.9%+0.3pp
Nelnet logo
NelnetNNI
7%
SSR Mining logo
SSR MiningSSRM
18.7%
Repligen logo
RepligenRGEN
0.3%-6.3pp
MYR Group logo
MYR GroupMYRG
18.4%+13.4pp

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%
Enterprise value$5.31B+45.8%
P/E123.7×-104×
P/S5.2×+1.9×

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
Debt / equity0.2×-0.4×
Current ratio8.8×+4.9×

Where this comes from

Calculated from VSE Corporation’s reported figures.

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 invested capital?
VSE Corporation (VSEC) reported invested capital of $1.83B in Q1 2026.
How has VSE Corporation's invested capital changed year-over-year?
VSE Corporation's invested capital increased by 24.5% year-over-year, from $1.47B to $1.83B.
What is the long-term trend for VSE Corporation's invested capital?
Over 5 years (2020 to 2025), VSE Corporation's invested capital has grown at a 22.0% compound annual growth rate (CAGR), from $633.86M to $1.71B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).