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VSEC · Nasdaq · United States · Services-Engineering Services
In shortVSE CORP is profitable, generates cash and carries moderate debt, with revenue growing (+41.5% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.1% | 44/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 1.1% | 24/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 1.0% | 5/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 4.0% | 27/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 3.76× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.20× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.73× | 65/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.36× | 27/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.61 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 0.5% | 22/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.49× | 23/100 |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 35.6% | 0/100 |
| Operating margin volatility | 4.0% | 73/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 18.4% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | -36.9% | 0/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 481 | 669 | 544 | 786 | 1,112 |
| Selling, general & admin | 3.5 | 3.6 | 7.1 | 14 | 13 |
| Operating income | (2.7) | 54 | 50 | 59 | 90 |
| Interest expense | – | – | 31 | 35 | 21 |
| Pre-tax income | (15) | 36 | 19 | 24 | 69 |
| Income tax | (3.8) | 9.1 | 4.5 | 4.4 | 16 |
| Net income | 8 | 28 | 39 | 15 | 12 |
| Diluted EPS | $0.63 | $2.19 | $2.76 | $0.85 | $0.55 |
| Diluted shares (millions) | 13 | 13 | 14 | 18 | 21 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
5.61 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 6, 2026