VSEC
VSE Corporation
Stock
$167.28+6.52 (+4.06%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.1B | $786M | $544M | $669M | $481M | $662M | $753M | $697M | $760M | $692M | $534M | $424M | $472M | $547M | $581M | $811M | $1.0B |
| Cost of revenue | — | — | — | — | — | — | — | — | — | $292M | $280M | $258M | $135M | $129M | $122M | $73M | $8.7M | −$3.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | $468M | $412M | $276M | $289M | $343M | $425M | $508M | $802M | $1.0B |
| SG&A | $24M | $13M | $14M | $7.1M | $3.6M | $3.5M | $3.1M | $4.2M | $3.7M | $2.4M | $6.6M | $3.3M | $4.1M | $3.3M | $4.0M | $5.2M | $2.0M | $1.3M |
| Other operating expenses | — | — | — | — | — | — | — | — | — | $412M | $354M | $222M | $248M | $295M | $370M | $466M | $762M | $978M |
| Operating income | $124M | $90M | $59M | $50M | $54M | −$2.7M | $14M | $60M | $54M | $54M | $52M | $51M | $37M | $44M | $51M | $36M | $38M | $38M |
| Non-operating income | −$14M | −$21M | −$35M | −$31M | −$18M | −$12M | −$13M | −$14M | −$9.0M | −$9.2M | −$9.9M | −$9.5M | −$4.0M | −$5.8M | −$7.2M | −$3.7M | −$199K | $120K |
| Pretax income | $110M | $69M | $24M | $19M | $36M | −$15M | $427K | $46M | $45M | $45M | $42M | $41M | $33M | $38M | $44M | $32M | $38M | $39M |
| Taxes | $35M | $57M | $8.5M | −$20M | $7.7M | −$23M | $5.6M | $9.4M | $10M | $6.0M | $15M | $16M | $14M | $15M | $23M | $12M | $14M | $15M |
| Net income | $75M | $12M | $15M | $39M | $28M | $8.0M | −$5.2M | $37M | $35M | $39M | $27M | $25M | $19M | $23M | $21M | $21M | $24M | $24M |
| Diluted EPS | $2.74 | $0.55 | $0.85 | $2.76 | $2.19 | $0.63 | −$0.47 | $3.35 | $3.21 | $3.60 | $2.47 | $2.31 | $1.81 | $2.14 | $2.01 | $1.95 | $2.27 | $2.34 |
| Diluted shares | — | 21.2M | 18.0M | 14.2M | 12.8M | 12.6M | 11.0M | 11.0M | 10.9M | 10.9M | 10.8M | 10.8M | 10.7M | 10.7M | 10.6M | 10.5M | 10.4M | 10.3M |
| Revenue growth | — | +41.5% | +44.5% | −18.7% | +39.1% | −27.2% | −12.1% | +7.9% | −8.3% | +9.9% | +29.6% | +25.9% | −10.1% | −13.7% | −5.9% | −28.4% | −20.1% | — |
| Gross margin | — | — | — | — | — | — | — | — | — | 61.6% | 59.6% | 51.7% | 68.1% | 72.6% | 77.7% | 87.4% | 98.9% | 100.3% |
| Operating margin | 9.2% | 8.1% | 7.5% | 9.2% | 8.0% | −0.6% | 2.1% | 8.0% | 7.8% | 7.1% | 7.4% | 9.5% | 8.7% | 9.4% | 9.3% | 6.2% | 4.7% | 3.8% |
| Net margin | 5.5% | 1.1% | 1.9% | 7.2% | 4.2% | 1.7% | −0.8% | 4.9% | 5.0% | 5.1% | 3.9% | 4.7% | 4.6% | 4.8% | 3.9% | 3.5% | 2.9% | 2.4% |