VSE CORP (VSEC) Stock Fundamental Analysis

NASDAQ:VSEC • US9182841000

227.07 USD
+0.57 (+0.25%)
At close: Feb 27, 2026
227.046 USD
-0.02 (-0.01%)
After Hours: 2/27/2026, 8:00:02 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 75 industry peers in the Aerospace & Defense industry. The financial health of VSEC is average, but there are quite some concerns on its profitability. VSEC is quite expensive at the moment. 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.
  • In the past year VSEC had a positive cash flow from operations.
  • VSEC had positive earnings in 4 of the past 5 years.
  • 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 45.95% of the companies in the same industry.
  • VSEC has a Return On Equity of 1.14%. This is comparable to the rest of the industry: VSEC outperforms 48.65% of its industry peers.
  • VSEC has a Return On Invested Capital (4.81%) which is in line with its industry peers.
  • VSEC had an Average Return On Invested Capital over the past 3 years of 5.73%. This is below the industry average of 8.98%.
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.
  • VSEC's Profit Margin has declined in the last couple of years.
  • VSEC has a Operating Margin (7.73%) which is comparable to the rest of the 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 72.97% 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VSEC is destroying value.
  • There is no outstanding debt for VSEC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

  • VSEC has an Altman-Z score of 8.59. This indicates that VSEC is financially healthy and has little risk of bankruptcy at the moment.
  • VSEC's Altman-Z score of 8.59 is fine compared to the rest of the industry. VSEC outperforms 77.03% 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 (13.22) which is comparable to the rest of the industry.
  • VSEC has a Debt/Equity ratio of 0.35. This is a healthy value indicating a solid balance between debt and equity.
  • VSEC has a Debt to Equity ratio of 0.35. This is comparable to the rest of the industry: VSEC outperforms 58.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 13.22
Altman-Z 8.59
ROIC/WACC0.5
WACC9.67%
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.
  • Looking at the Current ratio, with a value of 3.94, VSEC is in the better half of the industry, outperforming 74.32% of the companies in the same industry.
  • 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.
  • Looking at the Quick ratio, with a value of 1.41, VSEC is in line with its industry, outperforming 48.65% 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

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

  • VSEC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.60% yearly.
  • The Revenue is expected to grow by 20.91% on average over the next years. This is a very strong growth
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 58.22.
  • VSEC's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of VSEC to the average of the S&P500 Index (27.10), we can say VSEC is valued expensively.
  • The Price/Forward Earnings ratio is 49.44, which means the current valuation is very expensive for VSEC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VSEC.
  • VSEC is valuated expensively when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 58.22
Fwd PE 49.44
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.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as VSEC.
Industry RankSector Rank
P/FCF 247.76
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 an expensive valuation of the company.
PEG (NY)3.28
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

  • 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 0.34.
  • 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 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

  • 73.55% of the earnings are spent on dividend by VSEC. 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 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 (2/27/2026, 8:00:02 PM)

After market: 227.046 -0.02 (-0.01%)

227.07

+0.57 (+0.25%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryAerospace & Defense
Earnings (Last)02-25
Earnings (Next)05-04
Inst Owners103.9%
Inst Owner Change3.48%
Ins Owners1.99%
Ins Owner Change0.36%
Market Cap6.68B
Revenue(TTM)N/A
Net Income(TTM)11.20M
Analysts86.67
Price Target234.29 (3.18%)
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 58.22
Fwd PE 49.44
P/S 6.01
P/FCF 247.76
P/OCF 149.27
P/B 6.79
P/tB 18.92
EV/EBITDA 56.68
EPS(TTM)3.9
EY1.72%
EPS(NY)4.59
Fwd EY2.02%
FCF(TTM)0.92
FCFY0.4%
OCF(TTM)1.52
OCFY0.67%
SpS37.76
BVpS33.45
TBVpS12
PEG (NY)3.28
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
WACC9.67%
ROIC/WACC0.5
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 58.22 and the Price/Book (PB) ratio is 6.79.


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%.