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VSE Corporation VSEC Operating Lease ROU Assets

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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$6.05B+95.9%
Enterprise value$7B+100%
P/E80.7×-82.6×
P/S4.5×+1.2×

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:OperatingLeaseRightOfUseAsset.

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)June 30, 2026December 31, 2025
Property and equipment (net of accumulated depreciation of $43.1 million and $34.2 million, respectively)166,54891,098
Intangible assets (net of accumulated amortization of $130.2 million and $100.2 million, respectively)952,090295,962
Goodwill1,810,424641,242
Operating lease right-of-use assets92,32150,151
Note receivable28,42327,041
Other assets22,12829,755
Total assets$4,397,406$2,028,578
Liabilities and Stockholders' Equity

Item 1. Financial Statements

FAQ

What is VSE Corporation's operating lease ROU assets?
VSE Corporation (VSEC) reported operating lease ROU assets of $92.32M in Q2 2026.
How has VSE Corporation's operating lease ROU assets changed year-over-year?
VSE Corporation's operating lease ROU assets increased by 111.0% year-over-year, from $43.75M to $92.32M.
What is the long-term trend for VSE Corporation's operating lease ROU assets?
Over 5 years (2020 to 2025), VSE Corporation's operating lease ROU assets has grown at a 19.6% compound annual growth rate (CAGR), from $20.52M to $50.15M.
What does operating lease ROU assets mean?
Right-of-use assets representing the lessee's right to use leased property over the lease term under ASC 842 operating lease classification.

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