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VSE Corporation VSEC Products — Costs and operating expenses

Other product segments

Services
$112.29M+30.2%

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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

Reported directly by VSE Corporation in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 products — costs and operating expenses?
VSE Corporation (VSEC) reported products — costs and operating expenses of $164.29M in Q1 2026.
How has VSE Corporation's products — costs and operating expenses changed year-over-year?
VSE Corporation's products — costs and operating expenses increased by 20.0% year-over-year, from $136.87M to $164.29M.
What is the long-term trend for VSE Corporation's products — costs and operating expenses?
Over 3 years (2021 to 2025), VSE Corporation's products — costs and operating expenses has grown at a 15.6% compound annual growth rate (CAGR), from $382.06M to $589.96M.
What does products — costs and operating expenses mean?
This metric captures the aggregate costs of goods sold and the operating expenditures directly attributable to the products segment, including logistics, procurement, and maintenance overhead. It serves as a primary indicator of the segment's operational efficiency and cost management discipline. Monitoring these expenses relative to segment revenue allows stakeholders to evaluate the profitability and margin sustainability of the company's product-based business activities.