Stocktoria

VSE CORP VSEC

Nasdaq · stock · Services-Engineering Services · website · IPO 1982-10-22 · LEI

VSE CORP statistics & valuation

Market cap$5.6B
P / E477.4×
P / S5.0×
P / B3.9×
P / FCF978.6×
Dividend yield0.15%
Net margin1.1%
Return on equity0.8%
FCF margin0.5%
Net debt$223.4M
Net debt / EBITDA1.7×
Enterprise value USD$5.8B
EV / EBITDA44.9×
Earnings yield EBIT/EV1.5%
Return on capital5%
Graham number -88.6%$27.59

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.59); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.90% 5.10% 5.00% 4.90% -0.80% 1.70% 4.20% 7.20% 1.90% 1.10% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
7.40% 7.10% 7.80% 8.00% 2.10% -0.60% 8.00% 9.20% 7.50% 8.10% 2016201720182019202020212022202320242025
Return on equity (%)
10.50% 13.30% 10.70% 10.20% -1.50% 1.90% 6.20% 6.30% 1.60% 0.80% 2016201720182019202020212022202320242025
Shares outstanding
10.8M 10.9M 10.9M 11.0M 11.1M 12.7M 12.8M 15.8M 20.6M 23.4M 2016201720182019202020212022202320242025
Net debt ($)
$215.9M $171.9M $160.4M $269.3M $250.7M $284.1M $286.0M $421.6M $400.7M $223.4M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.00% 6.20% 5.50% 4.40% -0.70% 0.90% 2.80% 2.90% 0.90% 0.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
5.90% 6.10% 2.30% 1.10% 4.70% -5.80% -0.50% -7.40% -6.60% 0.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.85× 0.59× 0.49× 0.74× 0.70× 0.68× 0.64× 0.70× 0.44× 0.20× 2016201720182019202020212022202320242025
EPS ($)
$2.47 $3.60 $3.21 $3.35 -$0.47 $0.63 $2.19 $2.76 $0.85 $0.55 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

VSE CORP trades at about 441.1× earnings — above its 10-year norm (10-year range 9.3×–397.4×, median 22.5×).

9.3× 441.1×

Shaded band = 10-year range (9.3×–397.4×); dot = today's 441.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin8.1%7.5%9.2%8.0%-0.6%2.1%8.0%7.8%7.1%7.4%
Net margin1.1%1.9%7.2%4.2%1.7%-0.8%4.9%5.0%5.1%3.9%
FCF margin0.5%-6.6%-7.4%-0.5%-5.8%4.7%1.1%2.3%6.1%5.9%
Return on assets0.6%0.9%2.9%2.8%0.9%-0.7%4.4%5.5%6.2%4.0%
Return on equity0.8%1.6%6.3%6.2%1.9%-1.5%10.2%10.7%13.3%10.5%
Debt / equity0.20×0.44×0.70×0.64×0.68×0.70×0.74×0.49×0.59×0.85×
Current ratio3.763.232.702.442.582.552.162.682.181.74

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.