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Nasdaq · Industrials

VSE CORP (VSEC)

As-reported financials and SEC filings for VSE CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About VSE CORP

VSE Corporation provides aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets in commercial and government markets. The company serves a diverse global client base including commercial airlines, regional airlines, air cargo transporters, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. VSE operates primarily in the aviation sector, focusing on parts supply, supply chain management, and MRO services to support aircraft fleets.

Snapshot

Revenue
$1.11B
Revenue growth (YoY)
41.5%
Net income
$11.7M
Diluted EPS
$0.55
Gross margin
Operating margin
8.1%
Net margin
1.1%
FCF margin
0.5%
ROE
0.8%
net income / fiscal-year-end equity
P/E
66.7×
trailing when available, otherwise FY EPS
Market cap
$5.86B
Long-term debt / equity
0.20×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Vse

  • Revenue grew 41.5% to $1.1B in FY2025, slower than the 44.5% the year before.
  • Operating margin turned positive at 8.1% in FY2025, from a 0.6% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $449M, up 65.0% from Q2 FY2025.
  • Free cash flow was $6M in FY2025, 0.5% of revenue.
  • Net income fell 23.6% to $12M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Vse’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin8.1%
60th percentile of 605
Net margin1.1%
36th percentile of 645
FCF margin0.5%
31st percentile of 562
Revenue growth (YoY)+41.5%
94th percentile of 668
ROE0.8%
33rd percentile of 600
P/E66.7×
91st percentile of 434
Long-term debt / equity0.20×
25th percentile of 409
Short interest4.46d
68th percentile of 676

Vse’s revenue growth of +41.5% ranks in the 94th percentile of the 668 Industrials companies reporting it. Vse’s P/E of 66.7 ranks in the 91st percentile of the 434 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 9 insider sales totaling $5.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+3 quant / multi-strat
Initiated / added
2
0 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$118.6M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$43.8M191.7KReduced
Millennium ManagementquantQ2 2026$29.0M127.0KAdded
Soros Fund ManagementQ2 2026$27.5M120.3KReduced
First Eagle Investment ManagementQ2 2026$10.4M45.4KAdded
Polen Capital ManagementQ2 2026$6.8M29.9KReduced
AQR Capital ManagementquantQ2 2026$1.0M4.5KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
9
$5.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell5.5K$243.37$1.3M
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell4.2K$242.62$1.0M
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell2.8K$244.42$683K
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell2.1K$241.58$519K
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell1.5K$238.66$356K
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell905$240.58$218K
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell454$239.40$109K
2026-08-17
filed 2026-08-19
CUOMO JOHN ACEO and PresidentSell1$245.04$245
2026-06-12
Thomas Benjamin E.Chief Operating OfficerSell6.5K$196.82$1.3M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.1M
settled 2026-08-14
Change vs prior
-4.3%
vs previous settlement
Days to cover
4.46
at avg daily volume
Avg daily volume
474.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.1M-4.3%4.46
2026-07-312.2M-27.4%5.81
2026-07-153.0M+27.1%6.12
2026-06-302.4M+3.9%3.87
2026-06-152.3M+1.4%5.26
2026-05-292.3M-9.1%4.89
2026-05-152.5M+3.3%5.20
2026-04-302.4M-21.7%4.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$1.11B$786.3M$544.0M$669.4M$481.4M
Gross profit
Operating income$89.6M$58.8M$50.1M$53.6M$-2.7M
Net income$11.7M$15.3M$39.1M$28.1M$8.0M
Diluted EPS$0.55$0.85$2.76$2.19$0.63

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$27.0M$-31.0M$-21.8M$8.1M$-17.6M
Capital expenditure$21.3M$20.7M$18.7M$11.2M$10.5M
Free cash flow$5.7M$-51.7M$-40.5M$-3.2M$-28.1M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$449.1M65.0%$28.5M$0.91
Q1 FY2026$324.6M26.8%$29.1M$1.04
Q4 FY2025$301.2M32.4%$13.6M$0.60
Q3 FY2025$282.9M38.9%$3.9M$0.19
Q2 FY2025$272.1M41.1%$3.2M$0.16
Q1 FY2025$256.0M57.7%$-9.0M$-0.44
Q4 FY2024$227.4M$13.1M$0.65
Q3 FY2024$203.6M-12.0%$11.7M$0.63

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Engineering Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2009
SEC CIK102752

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-05-08
View on EDGAR →
8-K2026-05-07
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.