VSE CORP (VSEC) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:VSEC • US9182841000

199.99 USD
+10.48 (+5.53%)
At close: Feb 6, 2026
199.99 USD
0 (0%)
After Hours: 2/6/2026, 8:10:52 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VSEC. VSEC was compared to 72 industry peers in the Aerospace & Defense industry. While VSEC seems to be doing ok healthwise, there are quite some concerns on its profitability. VSEC is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • VSEC had positive earnings in the past year.
  • VSEC had a positive operating cash flow in the past year.
  • VSEC had positive earnings in 4 of the past 5 years.
  • In multiple years VSEC reported negative operating cash flow during the last 5 years.
VSEC Yearly Net Income VS EBIT VS OCF VS FCFVSEC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

  • VSEC's Return On Assets of 0.72% is in line compared to the rest of the industry. VSEC outperforms 45.83% of its industry peers.
  • VSEC's Return On Equity of 1.14% is in line compared to the rest of the industry. VSEC outperforms 48.61% of its industry peers.
  • VSEC has a Return On Invested Capital (4.81%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for VSEC is below the industry average of 8.66%.
Industry RankSector Rank
ROA 0.72%
ROE 1.14%
ROIC 4.81%
ROA(3y)2.2%
ROA(5y)1.36%
ROE(3y)4.72%
ROE(5y)2.92%
ROIC(3y)5.73%
ROIC(5y)5.23%
VSEC Yearly ROA, ROE, ROICVSEC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

  • The Profit Margin of VSEC (1.01%) is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of VSEC has declined.
  • VSEC's Operating Margin of 7.73% is in line compared to the rest of the industry. VSEC outperforms 52.78% of its industry peers.
  • VSEC's Operating Margin has improved in the last couple of years.
  • VSEC has a Gross Margin of 13.39%. This is in the lower half of the industry: VSEC underperforms 72.22% of its industry peers.
  • VSEC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 7.73%
PM (TTM) 1.01%
GM 13.39%
OM growth 3Y45.15%
OM growth 5Y2.81%
PM growth 3Y10.02%
PM growth 5Y-22.01%
GM growth 3Y26.16%
GM growth 5Y0.93%
VSEC Yearly Profit, Operating, Gross MarginsVSEC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2 4 6 8 10

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VSEC is destroying value.
  • Compared to 1 year ago, VSEC has more shares outstanding
  • Compared to 5 years ago, VSEC has more shares outstanding
  • VSEC has a better debt/assets ratio than last year.
VSEC Yearly Shares OutstandingVSEC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
VSEC Yearly Total Debt VS Total AssetsVSEC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

  • VSEC has an Altman-Z score of 6.26. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 6.26, VSEC is doing good in the industry, outperforming 68.06% of the companies in the same industry.
  • VSEC has a debt to FCF ratio of 13.22. This is a negative value and a sign of low solvency as VSEC would need 13.22 years to pay back of all of its debts.
  • VSEC has a Debt to FCF ratio of 13.22. This is comparable to the rest of the industry: VSEC outperforms 54.17% of its industry peers.
  • A Debt/Equity ratio of 0.35 indicates that VSEC is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.35, VSEC is in line with its industry, outperforming 58.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 13.22
Altman-Z 6.26
ROIC/WACC0.46
WACC10.39%
VSEC Yearly LT Debt VS Equity VS FCFVSEC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 3.94 indicates that VSEC has no problem at all paying its short term obligations.
  • With a decent Current ratio value of 3.94, VSEC is doing good in the industry, outperforming 72.22% of the companies in the same industry.
  • A Quick Ratio of 1.41 indicates that VSEC should not have too much problems paying its short term obligations.
  • The Quick ratio of VSEC (1.41) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 3.94
Quick Ratio 1.41
VSEC Yearly Current Assets VS Current LiabilitesVSEC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 18.57% over the past year.
  • VSEC shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.99% yearly.
  • VSEC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.22%.
  • Measured over the past years, VSEC shows a small growth in Revenue. The Revenue has been growing by 7.49% on average per year.
EPS 1Y (TTM)18.57%
EPS 3Y10.22%
EPS 5Y-23.99%
EPS Q2Q%39.44%
Revenue 1Y (TTM)9.22%
Revenue growth 3Y12.88%
Revenue growth 5Y7.49%
Sales Q2Q%3.4%

3.2 Future

  • VSEC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.81% yearly.
  • Based on estimates for the next years, VSEC will show a quite strong growth in Revenue. The Revenue will grow by 18.24% on average per year.
EPS Next Y16.68%
EPS Next 2Y20.13%
EPS Next 3Y20.8%
EPS Next 5Y14.81%
Revenue Next Year2.39%
Revenue Next 2Y9.33%
Revenue Next 3Y10.03%
Revenue Next 5Y18.24%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VSEC Yearly Revenue VS EstimatesVSEC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B 2.5B
VSEC Yearly EPS VS EstimatesVSEC Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3 4 5

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • VSEC is valuated quite expensively with a Price/Earnings ratio of 54.94.
  • VSEC's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.92. VSEC is valued rather expensively when compared to this.
  • With a Price/Forward Earnings ratio of 44.42, VSEC can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VSEC indicates a somewhat cheap valuation: VSEC is cheaper than 61.11% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. VSEC is valued rather expensively when compared to this.
Industry RankSector Rank
PE 54.94
Fwd PE 44.42
VSEC Price Earnings VS Forward Price EarningsVSEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • VSEC's Enterprise Value to EBITDA ratio is in line with the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as VSEC.
Industry RankSector Rank
P/FCF 173.6
EV/EBITDA 38.58
VSEC Per share dataVSEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as VSEC's earnings are expected to grow with 20.80% in the coming years.
PEG (NY)3.29
PEG (5Y)N/A
EPS Next 2Y20.13%
EPS Next 3Y20.8%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.18%, VSEC is not a good candidate for dividend investing.
  • VSEC's Dividend Yield is a higher than the industry average which is at 0.35.
  • Compared to an average S&P500 Dividend Yield of 1.83, VSEC's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.18%

5.2 History

  • The dividend of VSEC has a limited annual growth rate of 2.67%.
  • VSEC has been paying a dividend for at least 10 years, so it has a reliable track record.
  • VSEC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)2.67%
Div Incr Years0
Div Non Decr Years34
VSEC Yearly Dividends per shareVSEC Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 0 0 0 0

5.3 Sustainability

  • 73.55% of the earnings are spent on dividend by VSEC. This is not a sustainable payout ratio.
  • VSEC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP73.55%
EPS Next 2Y20.13%
EPS Next 3Y20.8%
VSEC Yearly Income VS Free CF VS DividendVSEC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M -40M
VSEC Dividend Payout.VSEC Dividend Payout, showing the Payout Ratio.VSEC Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

VSE CORP

NASDAQ:VSEC (2/6/2026, 8:10:52 PM)

After market: 199.99 0 (0%)

199.99

+10.48 (+5.53%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-27
Earnings (Next)02-26
Inst Owners103.9%
Inst Owner Change1.2%
Ins Owners1.99%
Ins Owner Change0.3%
Market Cap4.68B
Revenue(TTM)1.11B
Net Income(TTM)11.20M
Analysts87.5
Price Target214.61 (7.31%)
Short Float %8.78%
Short Ratio6.83
Dividend
Industry RankSector Rank
Dividend Yield 0.18%
Yearly Dividend0.39
Dividend Growth(5Y)2.67%
DP73.55%
Div Incr Years0
Div Non Decr Years34
Ex-Date01-15
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)24.74%
Min EPS beat(2)15.55%
Max EPS beat(2)33.94%
EPS beat(4)4
Avg EPS beat(4)26.25%
Min EPS beat(4)15.55%
Max EPS beat(4)33.94%
EPS beat(8)7
Avg EPS beat(8)18.32%
EPS beat(12)10
Avg EPS beat(12)17.22%
EPS beat(16)13
Avg EPS beat(16)14.54%
Revenue beat(2)2
Avg Revenue beat(2)0.79%
Min Revenue beat(2)0.3%
Max Revenue beat(2)1.28%
Revenue beat(4)4
Avg Revenue beat(4)1.3%
Min Revenue beat(4)0.3%
Max Revenue beat(4)1.93%
Revenue beat(8)5
Avg Revenue beat(8)0.61%
Revenue beat(12)6
Avg Revenue beat(12)-1.77%
Revenue beat(16)9
Avg Revenue beat(16)-1.95%
PT rev (1m)1.39%
PT rev (3m)11.28%
EPS NQ rev (1m)0.66%
EPS NQ rev (3m)-6.82%
EPS NY rev (1m)-0.84%
EPS NY rev (3m)2.56%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)-1.27%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.36%
Valuation
Industry RankSector Rank
PE 54.94
Fwd PE 44.42
P/S 4.21
P/FCF 173.6
P/OCF 104.59
P/B 4.76
P/tB 13.26
EV/EBITDA 38.58
EPS(TTM)3.64
EY1.82%
EPS(NY)4.5
Fwd EY2.25%
FCF(TTM)1.15
FCFY0.58%
OCF(TTM)1.91
OCFY0.96%
SpS47.46
BVpS42.04
TBVpS15.08
PEG (NY)3.29
PEG (5Y)N/A
Graham Number58.68
Profitability
Industry RankSector Rank
ROA 0.72%
ROE 1.14%
ROCE 6.23%
ROIC 4.81%
ROICexc 4.84%
ROICexgc 8.98%
OM 7.73%
PM (TTM) 1.01%
GM 13.39%
FCFM 2.43%
ROA(3y)2.2%
ROA(5y)1.36%
ROE(3y)4.72%
ROE(5y)2.92%
ROIC(3y)5.73%
ROIC(5y)5.23%
ROICexc(3y)5.78%
ROICexc(5y)5.26%
ROICexgc(3y)10.59%
ROICexgc(5y)10.1%
ROCE(3y)7.42%
ROCE(5y)6.77%
ROICexgc growth 3Y31.62%
ROICexgc growth 5Y-9.39%
ROICexc growth 3Y31.63%
ROICexc growth 5Y-4.64%
OM growth 3Y45.15%
OM growth 5Y2.81%
PM growth 3Y10.02%
PM growth 5Y-22.01%
GM growth 3Y26.16%
GM growth 5Y0.93%
F-Score7
Asset Turnover0.71
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 13.22
Debt/EBITDA 2.81
Cap/Depr 46.68%
Cap/Sales 1.6%
Interest Coverage 250
Cash Conversion 36.1%
Profit Quality 240.62%
Current Ratio 3.94
Quick Ratio 1.41
Altman-Z 6.26
F-Score7
WACC10.39%
ROIC/WACC0.46
Cap/Depr(3y)65.18%
Cap/Depr(5y)51%
Cap/Sales(3y)1.76%
Cap/Sales(5y)1.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)18.57%
EPS 3Y10.22%
EPS 5Y-23.99%
EPS Q2Q%39.44%
EPS Next Y16.68%
EPS Next 2Y20.13%
EPS Next 3Y20.8%
EPS Next 5Y14.81%
Revenue 1Y (TTM)9.22%
Revenue growth 3Y12.88%
Revenue growth 5Y7.49%
Sales Q2Q%3.4%
Revenue Next Year2.39%
Revenue Next 2Y9.33%
Revenue Next 3Y10.03%
Revenue Next 5Y18.24%
EBIT growth 1Y-10.63%
EBIT growth 3Y63.86%
EBIT growth 5Y10.52%
EBIT Next Year118.74%
EBIT Next 3Y45.9%
EBIT Next 5Y31.19%
FCF growth 1Y151.72%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y219.23%
OCF growth 3YN/A
OCF growth 5YN/A

VSE CORP / VSEC FAQ

Can you provide the ChartMill fundamental rating for VSE CORP?

ChartMill assigns a fundamental rating of 4 / 10 to VSEC.


What is the valuation status for VSEC stock?

ChartMill assigns a valuation rating of 2 / 10 to VSE CORP (VSEC). This can be considered as Overvalued.


How profitable is VSE CORP (VSEC) stock?

VSE CORP (VSEC) has a profitability rating of 3 / 10.


What are the PE and PB ratios of VSE CORP (VSEC) stock?

The Price/Earnings (PE) ratio for VSE CORP (VSEC) is 54.94 and the Price/Book (PB) ratio is 4.76.


How sustainable is the dividend of VSE CORP (VSEC) stock?

The dividend rating of VSE CORP (VSEC) is 5 / 10 and the dividend payout ratio is 73.55%.