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VSE Corporation VSEC Services — Revenue

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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: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 services — revenue?
VSE Corporation (VSEC) reported services — revenue of $245.73M in Q2 2026.
How has VSE Corporation's services — revenue changed year-over-year?
VSE Corporation's services — revenue increased by 149.4% year-over-year, from $98.54M to $245.73M.
What is the long-term trend for VSE Corporation's services — revenue?
Over 3 years (2022 to 2025), VSE Corporation's services — revenue has grown at a 30.1% compound annual growth rate (CAGR), from $185.3M to $408.35M.
What does services — revenue mean?
This metric represents the total gross income generated from the provision of maintenance, repair, overhaul, and supply chain management services within the specified business segment. It reflects the company's ability to monetize its technical expertise and logistics capabilities for land, sea, and air transportation assets. Growth in this figure indicates successful market penetration and increased demand for the segment's specialized service offerings.

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