Is VSE Corporation (VSEC) overvalued or fairly valued?

MarketChacha shows VSE Corporation's valuation in context — a trailing P/E of about 88.5, a forward P/E of about 25.3, a price-to-book of about 1.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is VSE Corporation's revenue?

VSE Corporation reported revenue of $1.1B for FY2025, with net profit of $11.7M, per official filings.

What is the share price of VSE Corporation (VSEC)?

VSE Corporation last traded at $203.47 (+0.4% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

VSE Corporation

VSEC · NYSE · Industrials · United States

Snapshot

TickerVSEC

ExchangeNYSE

SectorIndustrials

IndustryAerospace & Defense

CountryUnited States

Employees1,600

HeadquartersMiramar, United States

Websitewww.vsecorp.com

Filings tracked22

About VSE Corporation

VSE Corporation engages in providing aviation aftermarket parts distribution and maintenance, repair, and overhaul services for air transportation assets for commercial and government markets. It offers its services to global client base of commercial airlines, regional airlines, air cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators. The company was incorporated in 1959 and is headquartered in Miramar, Florida.

Who owns it

Insiders1.7%
Institutions98.3%
Public & other0.0%

492 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.51%
T. Rowe Price Investment Management, Inc.7.49%
State Street Corporation7.35%
Vanguard Capital Management LLC4.43%
Vanguard Portfolio Management LLC3.67%
Durable Capital Partners Lp3.49%
Capital Research Global Investors2.96%
UBS Group AG2.94%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Over 3 years only -0.39× of reported profit became operating cash — the classic sign that headline earnings may be running ahead of the cash actually generated. Often explained by working capital funding growth; worth a closer look.

Cash conversion-0.39×

Net margin trend7.2% → 1.1%

Margin has compressed by about 6.1 points over the period — profitability is trending down.

Return on equity0.8%

Latest ROE of 0.8% is on the low side — the business earns a modest return on shareholder capital.

Growth qualityrev 43% · PAT -45%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $527.4M · EPS 1.82

Est. earnings growth +57.1%

Next fiscal year

Rev $2.2B · EPS 8.01

Est. earnings growth +17.7%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$1.1B

Net margin

1.1%

ROE

0.8%

Revenue CAGR (2y)

+43.0%

Profit CAGR (2y)

-45.3%

EPS (FY2025)

0.55

Net profit (FY2025)

$11.7M

Ask MarketChacha about VSEC

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$1.1B	$11.7M	0.55	1.1%	0.8%
FY2024	$786.3M	$15.3M	0.85	1.9%	1.6%
FY2023	$544.0M	$39.1M	2.76	7.2%	6.3%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$449.1M	$28.5M	0.91	6.4%
2026Q1	$324.6M	$29.1M	1.04	9.0%
2025Q3	$282.9M	$3.9M	0.19	1.4%
2025Q2	$272.1M	$3.2M	0.16	1.2%
2025Q1	$256.0M	$-9.0M	-0.44	-3.5%
2024Q3	$203.6M	$11.7M	0.63	5.7%
2024Q2	$192.8M	$-2.8M	-0.16	-1.4%
2024Q1	$162.4M	$-6.6M	-0.41	-4.1%
2023Q3	$231.4M	$9.6M	0.63	4.1%
2023Q2	$205.2M	$8.9M	0.68	4.3%
2023Q1	$188.6M	$9.1M	0.71	4.8%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/6/2026
8-K — Other events, Exhibits
SEC8/6/2026material
8-K — Results of operations, Exhibits
SEC8/5/2026material
10-Q filing
SEC5/8/2026
8-K — Shareholder vote results, Other events, Exhibits
SEC5/8/2026material
8-K — Material agreement, Completion of acquisition/disposition, Material financial obligation, Reg FD disclosure, Exhibits
SEC5/7/2026material
8-K — Results of operations, Exhibits
SEC5/5/2026material
8-K — Other events, Exhibits
SEC2/27/2026material
10-K — VSE CORPORATION FORM 10-K - DECEMBER 31, 2025
SEC2/27/2026
8-K — Results of operations, Exhibits
SEC2/26/2026material
8-K — Material agreement, Exhibits
SEC2/5/2026material
8-K — Material agreement, Exhibits
SEC2/4/2026material
8-K — Other events, Exhibits
SEC2/2/2026material
8-K — Material agreement, Results of operations, Material financial obligation, Unregistered equity sale, Reg FD disclosure, Exhibits
SEC1/29/2026material

2025

8-K — Other events, Exhibits
SEC11/20/2025material
8-K — Material agreement, Exhibits
SEC10/29/2025material
10-Q — VSE CORPORATION 10-Q SEPTEMBER 30, 2025
SEC10/27/2025
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC10/27/2025material
8-K — Executive/director change, Exhibits
SEC10/10/2025material
10-Q — VSE CORPORATION 10-Q JUNE 30, 2025
SEC7/31/2025
8-K — Other events, Exhibits
SEC7/31/2025material
8-K — Results of operations, Exhibits
SEC7/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.