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VSE Corporation VSEC Total Revenue

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Segments

By geography

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United States$340.92M
Canada$72.45M

By product

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Services$245.73M+149%

Other financials

Income statement

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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+87.4%
Enterprise value$7B+92.9%
P/E80.7×-89.9×
P/S4.5×+1.1×

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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenues:
Products$203,407$173,603$405,757$334,154
Services245,73098,536367,960194,030
Total revenues449,137272,139773,717528,184
Costs and operating expenses:
Products167,093144,828331,385281,695
Services205,60589,795317,894176,024
Selling, general and administrative expenses9,0312,61615,2324,927

Item 1. Financial Statements

FAQ

What is VSE Corporation's total revenue?
VSE Corporation (VSEC) reported total revenue of $449.14M in Q2 2026.
How has VSE Corporation's total revenue changed year-over-year?
VSE Corporation's total revenue increased by 65.0% year-over-year, from $272.14M to $449.14M.
What is the long-term trend for VSE Corporation's total revenue?
Over 2 years (2022 to 2025), VSE Corporation's total revenue has grown at a 22.6% compound annual growth rate (CAGR), from $740.37M to $1.11B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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