VSE CORP (VSEC) Stock Fundamental Analysis

NASDAQ:VSEC • US9182841000

221.95 USD
-5.12 (-2.25%)
At close: Mar 2, 2026
226.38 USD
+4.43 (+2%)
After Hours: 3/2/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, VSEC scores 4 out of 10 in our fundamental rating. VSEC was compared to 75 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

  • VSEC had positive earnings in the past year.
  • VSEC had a positive operating cash flow in the past year.
  • Of the past 5 years VSEC 4 years were profitable.
  • VSEC had negative operating cash flow in 4 of the past 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

  • Looking at the Return On Assets, with a value of 0.72%, VSEC is in line with its industry, outperforming 45.33% of the companies in the same industry.
  • With a Return On Equity value of 1.14%, VSEC perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
  • With a Return On Invested Capital value of 4.81%, VSEC perfoms like the industry average, outperforming 48.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VSEC is below the industry average of 8.86%.
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

  • VSEC has a Profit Margin (1.01%) which is comparable to the rest of the 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 52.00% of the companies in the same industry.
  • 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 73.33% of its industry peers.
  • In the last couple of years the Gross Margin of VSEC has remained more or less at the same level.
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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSEC is destroying value.
  • VSEC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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

  • An Altman-Z score of 8.59 indicates that VSEC is not in any danger for bankruptcy at the moment.
  • VSEC's Altman-Z score of 8.59 is fine compared to the rest of the industry. VSEC outperforms 77.33% of its industry peers.
  • The Debt to FCF ratio of VSEC is 13.22, which is on the high side as it means it would take VSEC, 13.22 years of fcf income to pay off 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 52.00% of its industry peers.
  • VSEC has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.35, VSEC is in line with its industry, outperforming 56.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 13.22
Altman-Z 8.59
ROIC/WACC0.51
WACC9.45%
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.
  • The Current ratio of VSEC (3.94) is better than 72.00% of its industry peers.
  • VSEC has a Quick Ratio of 1.41. This is a normal value and indicates that VSEC is financially healthy and should not expect problems in meeting its short term obligations.
  • VSEC has a Quick ratio of 1.41. This is comparable to the rest of the industry: VSEC outperforms 45.33% of its industry peers.
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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 25.00% over the past year.
  • Measured over the past years, VSEC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.25% on average per year.
EPS 1Y (TTM)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.72%

3.2 Future

  • Based on estimates for the next years, VSEC will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.60% on average per year.
  • Based on estimates for the next years, VSEC will show a very strong growth in Revenue. The Revenue will grow by 20.91% on average per year.
EPS Next Y17.77%
EPS Next 2Y19.66%
EPS Next 3Y11.6%
EPS Next 5YN/A
Revenue Next Year21.59%
Revenue Next 2Y19.06%
Revenue Next 3Y16.38%
Revenue Next 5Y20.91%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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

1

4. Valuation

4.1 Price/Earnings Ratio

  • VSEC is valuated quite expensively with a Price/Earnings ratio of 56.91.
  • VSEC's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.13. VSEC is valued rather expensively when compared to this.
  • VSEC is valuated quite expensively with a Price/Forward Earnings ratio of 48.32.
  • VSEC's Price/Forward Earnings ratio is in line with the industry average.
  • VSEC's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 56.91
Fwd PE 48.32
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.
  • VSEC's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 242.17
EV/EBITDA 56.68
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 VSEC does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.2
PEG (5Y)N/A
EPS Next 2Y19.66%
EPS Next 3Y11.6%

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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 0.33.
  • 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 paid a dividend for at least 10 years, which is 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.
  • VSEC's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP73.55%
EPS Next 2Y19.66%
EPS Next 3Y11.6%
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 (3/2/2026, 8:00:02 PM)

After market: 226.38 +4.43 (+2%)

221.95

-5.12 (-2.25%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners103.9%
Inst Owner Change3.47%
Ins Owners1.99%
Ins Owner Change0.36%
Market Cap6.53B
Revenue(TTM)N/A
Net Income(TTM)11.20M
Analysts86.67
Price Target234.29 (5.56%)
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)9.17%
PT rev (3m)10.93%
EPS NQ rev (1m)7.41%
EPS NQ rev (3m)9.51%
EPS NY rev (1m)0.91%
EPS NY rev (3m)3.08%
Revenue NQ rev (1m)2.19%
Revenue NQ rev (3m)2.5%
Revenue NY rev (1m)0.45%
Revenue NY rev (3m)0.63%
Valuation
Industry RankSector Rank
PE 56.91
Fwd PE 48.32
P/S 5.88
P/FCF 242.17
P/OCF 145.91
P/B 6.64
P/tB 18.5
EV/EBITDA 56.68
EPS(TTM)3.9
EY1.76%
EPS(NY)4.59
Fwd EY2.07%
FCF(TTM)0.92
FCFY0.41%
OCF(TTM)1.52
OCFY0.69%
SpS37.76
BVpS33.45
TBVpS12
PEG (NY)3.2
PEG (5Y)N/A
Graham Number54.18
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 8.59
F-Score7
WACC9.45%
ROIC/WACC0.51
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)25%
EPS 3Y10.25%
EPS 5YN/A
EPS Q2Q%28.89%
EPS Next Y17.77%
EPS Next 2Y19.66%
EPS Next 3Y11.6%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%0.72%
Revenue Next Year21.59%
Revenue Next 2Y19.06%
Revenue Next 3Y16.38%
Revenue Next 5Y20.91%
EBIT growth 1Y-10.63%
EBIT growth 3Y63.86%
EBIT growth 5Y10.52%
EBIT Next Year121.5%
EBIT Next 3Y48.08%
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 1 / 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 56.91 and the Price/Book (PB) ratio is 6.64.


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%.