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V2X VVX Meals and entertainment

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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
Operating margin4.3%+0.6pp
Net margin1.9%+0.9pp
FCF margin4.8%+1.2pp

Returns & leverage

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Return on equity8.3%+4.2pp
Debt / equity-0.1×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by V2X in its filing.

Tagged under the XBRL concept vec:EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainmentNetOfAdjustmentsAmount.

The official record: V2X’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is V2X's meals and entertainment?
V2X (VVX) reported meals and entertainment of $3.5K in Q4 2025.
How has V2X's meals and entertainment changed year-over-year?
V2X's meals and entertainment increased by 103.1% year-over-year, from -$112K to $3.5K.
What is the long-term trend for V2X's meals and entertainment?
Over 2 years (2023 to 2025), V2X's meals and entertainment has grown at a -83.2% compound annual growth rate (CAGR), from $494K to $14K.
What does meals and entertainment mean?
This represents the portion of meals and entertainment expenses that are non-deductible for income tax purposes. It serves as a permanent difference between book income and taxable income. Tracking this helps investors understand the tax-inefficient components of the company's operating expenses.