What is V2X's operating margin?

V2X (VVX) reported operating margin of 4.3% in Q1 2026.

How has V2X's operating margin changed year-over-year?

V2X's operating margin increased by 14.7% year-over-year, from 3.8% to 4.3%.

What is the long-term trend for V2X's operating margin?

Over 5 years (2020 to 2025), V2X's operating margin has grown at a 6.8% compound annual growth rate (CAGR), from 3.1% to 4.3%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

V2X VVX Operating margin

Operating margin at other companies

General DynamicsGD

10.2%0.0pp

FluorFLR

-1.6%—

Northrop GrummanNOC

11.6%+2.0pp

Leidos HoldingsLDOS

12%+0.6pp

KBRKBR

9.8%+1.0pp

Science Applications International CorporationSAIC

7.9%+0.6pp

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

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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

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Gross margin8.5%+0.4pp

Net margin1.9%+0.9pp

FCF margin4.8%+1.2pp

Returns & leverage

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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.

operating income/total revenue=4.3%

Based on trailing twelve months.

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 operating margin?: V2X (VVX) reported operating margin of 4.3% in Q1 2026.
How has V2X's operating margin changed year-over-year?: V2X's operating margin increased by 14.7% year-over-year, from 3.8% to 4.3%.
What is the long-term trend for V2X's operating margin?: Over 5 years (2020 to 2025), V2X's operating margin has grown at a 6.8% compound annual growth rate (CAGR), from 3.1% to 4.3%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.