VSE Corporation

Industrials · Aerospace & Defense

174.80$ -0.1% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

VSE Corporation (VSEC) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 1,112 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement VSEC
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	120	156	180	157	122	112	134	134	216	280	364	653	1,044	1,015	866	619	547	472	424	534	692	760	697	753	662	751	669	860	1,080	1,112
Cost of Revenue	115	153	174	151	118	110	132	131	210	270	351	629	1,011	975	826	577	491	424	383	480	634	703	641	688	604	726	612	765	972	980
Gross Profit	5.5	3.4	5.8	6.6	3.9	1.6	2.1	3.6	6.2	10	13	24	32	40	40	42	56	47	41	54	58	57	56	64	58	25	57	96	108	132
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	0.5	0.9	0.8	0.7	0.2	0.2	0.3	0.4	0.6	0.6	0.7	1.5	1.2	1.3	2.2	5.3	4.0	3.3	4.1	3.3	6.6	2.4	3.7	4.2	3.1	3.6	5.2	9.5	15	13
Total Operating Expenses	2.0	5.0	2.7	2.6	1.8	0.2	0.3	0.4	0.6	0.6	0.7	1.5	1.2	1.3	2.2	3.5	4.0	3.3	3.2	3.3	6.6	2.4	3.1	1.9	1.4	3.6	3.6	3.9	5.5	7.1
Operating Income	3.5	-1.6	3.1	4.0	2.1	1.3	1.7	3.2	5.5	9.8	12	22	31	38	38	38	52	44	38	51	52	54	53	63	57	22	54	92	103	125
Interest Expense	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.4	0.2	3.7	7.2	5.8	4.0	9.5	9.9	9.2	9.0	14	13	12	18	31	35	21
Pre-Tax Income	2.9	-2.0	2.7	2.4	2.2	1.3	1.1	3.3	5.6	10.0	12	23	31	39	38	33	44	38	33	41	42	45	45	46	0.4	9.5	36	57	46	69
Income Tax Expense	1.0	-0.6	1.1	0.9	0.8	0.4	0.5	1.3	2.2	3.8	4.7	8.9	12	15	14	12	16	14	12	16	15	6.0	10	9.4	5.6	1.5	9.1	14	10.0	16
Net Income	1.7	-1.4	1.6	1.5	1.0	0.9	0.7	2.0	3.4	6.2	7.8	14	19	24	24	21	21	23	19	25	27	39	35	37	-5.2	8.0	28	39	31	53
EBITDA	5.0	2.5	5.0	5.9	3.7	2.7	4.1	4.4	6.9	11	14	26	37	46	47	52	72	64	56	76	78	80	79	87	38	47	78	111	110	130

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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