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History and Organization VSE Corporation, through its subsidiaries (collectively, "VSE" or the "Company") is a leading provider of aftermarket distribution and maintenance, repair and overhaul ("MRO") services for air transportation assets for commercial and government markets. Purpose, Vision and Core Values Purpose and Vision Statement We deliver trusted solutions to inspire the performance o…
$199.61
+$1.84 (+0.93%)
EOD Jul 17, 2026
Operating margin is thin at 8.06%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 41.5%, still solid.
At 98x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $273M represents 47.9x FCF, leverage limits flexibility.
98.3x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.18B
▲ +41.5% YoY
Net Income (TTM)
$50M
▼ -23.6% YoY
Op. Margin
8.29%
▲ +0.6pp YoY
ROIC
4.19%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$14M
▲ +111.0% YoY
Op. Cash Flow (TTM)
$11M
▲ +187.0% YoY
Net Debt
-$837M
Net Cash Position
Cash & Equiv.
$1.24B
5Y CAGR: +10.9%
5Y CAGR: -28.9%
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At a P/E of 98.3, VSE (VSEC)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, VSE scores 40/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
VSE scores 40 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 8.3% operating margin and a 4.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, VSE pays a regular dividend of about $0.31 per share per year (typically in quarterly installments), a yield of roughly 0.2% at the current price. That is a payout ratio of about 17.2% of earnings, so the dividend is amply covered by earnings. VSE has grown the dividend at roughly 16.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For VSEC's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh VSEC's valuation and scores 40/100 on quality (mixed). It also yields about 0.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.