VSE CORP (VSEC) Stock Fundamental Analysis

NASDAQ:VSEC • US9182841000

212.675 USD
+10.02 (+4.94%)
Last: Feb 17, 2026, 11:25 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall VSEC gets a fundamental rating of 4 out of 10. We evaluated VSEC against 73 industry peers in the Aerospace & Defense industry. While VSEC seems to be doing ok healthwise, there are quite some concerns on its profitability. While showing a medium growth rate, VSEC is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year VSEC was profitable.
  • In the past year VSEC had a positive cash flow from operations.
  • Of the past 5 years VSEC 4 years were profitable.
  • 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

  • With a Return On Assets value of 0.72%, VSEC perfoms like the industry average, outperforming 45.21% of the companies in the same industry.
  • The Return On Equity of VSEC (1.14%) is comparable to the rest of the industry.
  • VSEC has a Return On Invested Capital of 4.81%. This is comparable to the rest of the industry: VSEC outperforms 47.95% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for VSEC is below the industry average of 8.72%.
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

  • With a Profit Margin value of 1.01%, VSEC perfoms like the industry average, outperforming 45.21% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VSEC has declined.
  • Looking at the Operating Margin, with a value of 7.73%, VSEC is in line with its industry, outperforming 52.05% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VSEC has grown nicely.
  • The Gross Margin of VSEC (13.39%) is worse than 73.97% 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
  • VSEC has more shares outstanding than it did 5 years ago.
  • 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 7.85. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of VSEC (7.85) is better than 75.34% of its industry peers.
  • 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 (13.22) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.35 indicates that VSEC is not too dependend on debt financing.
  • VSEC has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: VSEC outperforms 57.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 13.22
Altman-Z 7.85
ROIC/WACC0.49
WACC9.82%
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

  • VSEC has a Current Ratio of 3.94. This indicates that VSEC is financially healthy and has no problem in meeting its short term obligations.
  • VSEC's Current ratio of 3.94 is fine compared to the rest of the industry. VSEC outperforms 72.60% of its industry peers.
  • A Quick Ratio of 1.41 indicates that VSEC should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.41, VSEC is in line with its industry, outperforming 47.95% of the companies in the same 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.
  • The Revenue is expected to grow by 18.24% on average over the next years. This is quite good.
EPS Next Y17.74%
EPS Next 2Y21.33%
EPS Next 3Y21.42%
EPS Next 5Y14.81%
Revenue Next Year2.66%
Revenue Next 2Y9.71%
Revenue Next 3Y10.31%
Revenue Next 5Y18.24%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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

  • The Price/Earnings ratio is 58.43, which means the current valuation is very expensive for VSEC.
  • The rest of the industry has a similar Price/Earnings ratio as VSEC.
  • The average S&P500 Price/Earnings ratio is at 27.19. VSEC is valued rather expensively when compared to this.
  • VSEC is valuated quite expensively with a Price/Forward Earnings ratio of 46.30.
  • Based on the Price/Forward Earnings ratio, VSEC is valued a bit cheaper than 61.64% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. VSEC is valued rather expensively when compared to this.
Industry RankSector Rank
PE 58.43
Fwd PE 46.3
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 is on the same level as the industry average.
  • VSEC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 232.05
EV/EBITDA 50.89
VSEC Per share dataVSEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 21.42% in the coming years.
PEG (NY)3.29
PEG (5Y)N/A
EPS Next 2Y21.33%
EPS Next 3Y21.42%

More info and screens

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

5

5. Dividend

5.1 Amount

  • VSEC has a yearly dividend return of 0.18%, which is pretty low.
  • 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 1.82, 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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
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

  • VSEC pays out 73.55% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of VSEC is growing, but earnings are growing more, so the dividend growth is sustainable.
DP73.55%
EPS Next 2Y21.33%
EPS Next 3Y21.42%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

VSE CORP

NASDAQ:VSEC (2/17/2026, 11:25:21 AM)

212.675

+10.02 (+4.94%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)10-27
Earnings (Next)02-25
Inst Owners103.9%
Inst Owner Change5.21%
Ins Owners1.99%
Ins Owner Change0.31%
Market Cap6.25B
Revenue(TTM)1.11B
Net Income(TTM)11.20M
Analysts86.67
Price Target231.1 (8.66%)
Short Float %5.6%
Short Ratio3.73
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)9.19%
PT rev (3m)19.83%
EPS NQ rev (1m)2.89%
EPS NQ rev (3m)4.09%
EPS NY rev (1m)0.06%
EPS NY rev (3m)3.08%
Revenue NQ rev (1m)1.66%
Revenue NQ rev (3m)1.68%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.45%
Valuation
Industry RankSector Rank
PE 58.43
Fwd PE 46.3
P/S 5.63
P/FCF 232.05
P/OCF 139.81
P/B 6.36
P/tB 17.72
EV/EBITDA 50.89
EPS(TTM)3.64
EY1.71%
EPS(NY)4.59
Fwd EY2.16%
FCF(TTM)0.92
FCFY0.43%
OCF(TTM)1.52
OCFY0.72%
SpS37.76
BVpS33.45
TBVpS12
PEG (NY)3.29
PEG (5Y)N/A
Graham Number52.34
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 7.85
F-Score7
WACC9.82%
ROIC/WACC0.49
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 Y17.74%
EPS Next 2Y21.33%
EPS Next 3Y21.42%
EPS Next 5Y14.81%
Revenue 1Y (TTM)9.22%
Revenue growth 3Y12.88%
Revenue growth 5Y7.49%
Sales Q2Q%3.4%
Revenue Next Year2.66%
Revenue Next 2Y9.71%
Revenue Next 3Y10.31%
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 58.43 and the Price/Book (PB) ratio is 6.36.


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%.