What is V2X's net debt?

V2X (VVX) reported net debt of $867.2M in Q1 2026.

How has V2X's net debt changed year-over-year?

V2X's net debt decreased by 10.9% year-over-year, from $973.02M to $867.2M.

What is the long-term trend for V2X's net debt?

Over 5 years (2020 to 2025), V2X's net debt has grown at a 43.0% compound annual growth rate (CAGR), from $128.84M to $770.38M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

V2X VVX Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Cabot CorporationCBT

1.1×-0.3×

Travel + LeisureTNL

6×+1.6×

UnifirstUNF

-0.2×-0.1×

HES

Hess MidstreamHESM

3.1×-0.1×

Andersons Inc.ANDE

4×+2.1×

SeadrillSDRL

1×+0.6×

Other financials

Income statement

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Revenue$1.3B+23.4%

Gross profit$105.8M+35.5%

Operating income$44.1M+28.5%

Net income$18.9M+133%

EPS (diluted)$0.60+140%

Balance sheet

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Cash & equivalents$208.7M+23.4%

Total debt$1.1B-5.8%

Total equity$1.1B+6.5%

Total assets$3.2B+2.8%

Cash flow

See full

Operating cash flow-$129.9M-36.1%

CapEx$2.3M-15.1%

Free cash flow-$132.2M-34.7%

Valuation

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Market cap$2.61B+38.2%

Enterprise value$3.48B+19.3%

P/E29.4×-15.9×

P/S0.6×+0.1×

Profitability

See full

Gross margin8.5%+0.4pp

Operating margin4.3%+0.6pp

Net margin1.9%+0.9pp

FCF margin4.8%+1.2pp

Returns & leverage

See full

Return on equity8.3%+4.2pp

Debt / equity1×-0.1×

Current ratio1.3×+0.1×

Where this comes from

Calculated from V2X’s reported figures.

$1.1Btotal debt−$208.7Mcash and equivalents=$867.2M

The official record: V2X’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is V2X's net debt?: V2X (VVX) reported net debt of $867.2M in Q1 2026.
How has V2X's net debt changed year-over-year?: V2X's net debt decreased by 10.9% year-over-year, from $973.02M to $867.2M.
What is the long-term trend for V2X's net debt?: Over 5 years (2020 to 2025), V2X's net debt has grown at a 43.0% compound annual growth rate (CAGR), from $128.84M to $770.38M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.