VSE Corporation (VSEC) Stock Price & Analysis
VSE Corporation (VSEC) closed at USD 148.15 on Thursday, October 22, 2026, down 3.59% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 153.67; the Oct 22, 2026 session ranged USD 142.72–150.38 on volume of 564,396 shares. Market capitalization is $4.16B, with a 52-week range of USD 142.72–247.85 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/VSEC.md
Key facts (VSEC)
- Last four reported quarters (through Jun 30, 2026): revenue $1.36B, net income $75.1M (5.5% margin), free cash flow -$1.1M (SEC filings).
- Valuation: P/E 55.4x (avg 149.5x at the last 3 fiscal year-ends), EV/EBITDA 27.7x, net debt $872M.
- 3 of 80 tracked superinvestors hold VSEC (13F, Q2 2026): 0 new, 1 added, 2 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $5.8M; 1 not under a Rule 10b5-1 plan ($1.3M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.17 on a 1–5 scale) (12 analysts), mean target USD 257.11 (range 215–280).
- Total return with dividends: 1Y -16.4% vs S&P 500 +14.9%; 5Y +206.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.74, revenue estimate $512M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VSEC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $481M | $669M | $544M | $786M | $1.11B | $1.36B |
| Operating income | -$2.7M | $53.6M | $50.1M | $58.8M | $89.6M | $124M |
| Net income | $8.0M | $28.1M | $39.1M | $15.3M | $11.7M | $75.1M |
| EPS (diluted) | $0.63 | $2.19 | $2.76 | $0.85 | $0.55 | — |
| Free cash flow | -$28.1M | -$3.2M | -$40.5M | -$51.7M | $5.7M | -$1.1M |
| Operating margin | -0.6% | 8.0% | 9.2% | 7.5% | 8.1% | 9.2% |
| Net margin | 1.7% | 4.2% | 7.2% | 1.9% | 1.1% | 5.5% |
| Revenue growth | -27.2% | +39.1% | -18.7% | +44.5% | +41.5% | — |
| Cash + short-term investments | $518K | $305K | $7.8M | $29.5M | $69.4M | — |
| Total debt | $285M | $286M | $429M | $430M | $293M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (VSEC)
P/E 55.4x · P/S 3.1x · EV/EBITDA 27.7x · EV/Sales 3.7x · P/B 1.4x · FCF yield -0.03% · Earnings yield 1.81% · Dividend yield (paid, TTM) 0.22% · Net debt $872M · EV $5.03B
P/E at fiscal year-ends: Dec 2025 313.5x, Dec 2024 111.6x, Dec 2023 23.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (VSEC)
3 of 80 tracked investors hold VSEC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Henry Ellenbogen | Durable Capital Partners | 2.18% | $224M | Reduced -30.2% |
| Polen Capital | Polen Capital Management | 0.06% | $6.8M | Reduced -29.0% |
| First Eagle Investment | First Eagle Investment Management | 0.02% | $10.4M | Added +140.1% |
Insider sales (SEC Form 4, open-market, last ~7 months) (VSEC)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Cuomo John A | CEO and President | 1,566 | $294K | 0.9% | Yes (adopted May 11, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-08-17 | Cuomo John A | CEO and President | 17,500 | $4.2M | 9.4% | Yes (adopted May 11, 2026) | Too little history (no open-market trades in 2023–2025) |
| 2026-06-12 | Thomas Benjamin E. | Chief Operating Officer | 6,500 | $1.3M | 13.2% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (VSEC)
Consensus Buy (mean 2.17 on a 1–5 scale), 12 analysts; mean target USD 257.11 (low 215, high 280).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-23 | Keybanc | Initiated | Sector Weight | |
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $245 → $215 |
| 2026-09-15 | Guggenheim | Initiated | Neutral | |
| 2026-08-13 | Citigroup | Target raised | Buy | $263 → $280 |
| 2026-08-11 | Deutsche Bank | Target raised | Buy | $280 → $290 |
| 2026-08-10 | Stifel | Target raised | Buy | $245 → $260 |
| 2026-08-07 | RBC Capital | Target raised | Outperform | $240 → $265 |
| 2026-06-26 | Morgan Stanley | Initiated | Equal-Weight | $245 |
Total return (dividends reinvested) (VSEC)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -16.4% | +206.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -16.4% | +25.0% |
| Volatility (annualized) | 58.2% | 45.7% |
| Max drawdown | -39.1% (Aug 2026→Oct 2026) | -46.3% (Nov 2021→Jul 2022) |
VSEC revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Services | $245.7M | 54.7% | +149.4% |
| Products | $203.4M | 45.3% | +17.2% |
| Total revenue | $449.1M | 100% | — |
VSEC revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $629.7M | 56.6% | +27.9% |
| Non US & Non Canada | $333.6M | 30.0% | +78.7% |
| Canada | $149.0M | 13.4% | +38.9% |
| Total revenue | $1.11B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VSEC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Honeywell (HON) | “On September 27, 2023, the Company entered into an Asset Purchase and License Agreement with Honeywell International Inc. ("Honeywell"), for a purchase price of $105.0 million, to exclusively manufacture, sell, market, distribute, and repair certain Honeywell fuel control systems.” |
Quoted from the company's 10-K filed Feb 27, 2026.
VSEC customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 20% of revenue, per the company's 10-K filed Feb 27, 2026. The company does not name it.
VSEC company outlook (results filed Aug 5, 2026)
- “We delivered record revenue and profitability in the second quarter, exceeding our prior expectations and representing a significant step toward achieving a consolidated Adjusted EBITDA margin (2) of more than 20% in the near future.”
Quoted word-for-word from the SEC 8-K results press release.
VSEC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.74 | $1.12 | +56.2% | $512.1M | 10 |
| Next quarter (ends Dec 2026) | $1.83 | $1.17 | +56.8% | $529.1M | 10 |
| Current fiscal year (ends Dec 2026) | $6.78 | $4.37 | +55.0% | $1.81B | 11 |
| Next fiscal year (ends Dec 2027) | $8.26 | $5.68 | +45.5% | $2.20B | 11 |
VSEC options: expected move
Options price a move of about ±15.2% (±$22.45) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±9.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 66.9% | ±15.2% |
| Dec 18, 2026 | 56 | 60.7% | ±19.2% |
| Jan 15, 2027 | 84 | 57.4% | ±22.2% |
| Apr 16, 2027 | 175 | 56.4% | ±31.1% |
30-day implied volatility 68.1% vs 42.8% realized over the last 30 trading days. Put/call ratio (volume) 4.63. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:55 UTC)
| Price | USD 148.15 |
|---|---|
| Change | ▼ 3.59% (down) |
| Previous Close | USD 153.67 |
| Open | USD 150.23 |
| Day Range | USD 142.72 – 150.38 |
| 52-Week Range | USD 142.72 – 247.85 |
| Volume | 564,396 shares |
| Market Cap | $4.16B |
| Exchange | NMS |
Technical Analysis (VSEC)
Nexqual's technical model rates VSEC "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:55 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 27.34 (oversold) |
| vs SMA50 | Below (USD 188.69) |
| MACD | -8.95 (negative) |
Analyst Ratings (VSEC)
Wall Street analysts rate VSEC "Buy" based on 12 analysts, with a mean price target of USD 257.11 (range USD 215–280), per Nexqual as of October 23, 2026 at 09:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 12 |
| Mean Target | USD 257.11 |
| High Target | USD 280 |
| Low Target | USD 215 |
| Buy / Hold / Sell | 9 / 3 / 0 |
Earnings (VSEC)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.74 |
| Revenue Estimate | $512.13M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.75 vs est 0.93 ▲ beat |
| 2026-03-31 | USD 1.17 vs est 0.89 ▲ beat |
| 2025-12-31 | USD 1.16 vs est 0.89 ▲ beat |
| 2025-09-30 | USD 0.99 vs est 0.84 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financials & Fundamentals (VSEC)
| Total Revenue | $1.36B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +65.00% |
| Gross Margin | +15.62% |
| Operating Margin | +12.68% |
| Profit Margin | +5.53% |
| ROE | +4.27% |
| Debt / Equity | 0.35 |
| Current Ratio | 3.77 |
| Total Cash | $75.36M |
| Total Debt | $1.03B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$1.12M (-0.1% of revenue) |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Financial Health Score (VSEC)
Nexqual rates VSE Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:55 UTC.
| Growth | Mixed — Revenue +3.0% YoY (annual), slow |
|---|---|
| Profitability | Mixed — Gross margin 16%, operating 13% (last 12 months) |
| Balance Sheet | Strong — $75M cash and investments vs $947M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$1M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Weak — ROE 4%, ROA 3.4% |
Ownership (VSEC)
| Insider Ownership | +1.73% |
|---|---|
| Institutional Ownership | +122.27% |
| Shares Outstanding | 28.06M |
| Float | 20.38M |
| Short % of Float | +8.32% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Leadership (VSEC)
VSE Corporation is led by John A. Cuomo, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:55 UTC.
| CEO, President & Director | John A. Cuomo |
|---|---|
| Chief Financial Officer | Adam Robert Cohn |
| Chief Operating Officer | Benjamin E. Thomas |
| Vice President of Investor Relations & Communications | Michael Perlman |
| Director of Operations - VSE Aviation | Michael Prkic |
Major Backers & Investors (VSEC)
Notable institutional backers of VSE Corporation include T. Rowe Price, SmallCap World Fund Inc, Durable Capital Partners Lp, according to Nexqual as of October 23, 2026 at 09:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| T. Rowe Price | 7.49% |
| SmallCap World Fund Inc | 5.61% |
| Durable Capital Partners Lp | 3.49% |
| Capital Group | 2.96% |
| UBS Group AG | 2.94% |
| Dendur Capital LP | 2.93% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.51% |
| Vanguard Group | 8.1% |
| State Street | 7.35% |
| Geode Capital | 2.88% |
Source: Nexqual, October 23, 2026 at 09:55 UTC.
Legal & Regulatory Risks from VSE Corporation's Latest 10-K (filed 2026-02-27)
- The Company is subject to numerous government rules and regulations that could expose the Company to potential liabilities or work loss.
- Environmental and pollution risks could potentially impact the Company's financial results.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SARO | StandardAero, Inc. | USD 21.72 | ▲ 1.26% |
| KTOS | Kratos Defense & Security Solut | USD 38.27 | ▼ 1.21% |
| CAE | CAE Inc | USD 25.02 | ▲ 2.08% |
| DRS | Leonardo DRS, Inc. | USD 34.3 | ▲ 1.06% |
| MOG-B | Moog Inc. | USD 335.16 | ▼ 8.43% |
| HII | Huntington Ingalls Industries, | USD 278.86 | ▲ 1.79% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:55 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt