# VSE CORP TANGIBLE EQUITY UNIT (01/02/2029) (VSECU)

**Exchange:** NASDAQ  
**Market cap:** $1.02B  
**Price:** $47.98 (+4.71%)

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.11B | — | $90M | $12M | — |
| 2024 | $786M | — | $59M | $15M | — |
| 2023 | $544M | — | $50M | $39M | — |
| 2022 | $669M | — | $54M | $28M | — |
| 2021 | $481M | — | -$3M | $8M | — |
| 2020 | $662M | — | $14M | -$5M | — |
| 2019 | $753M | — | $60M | $37M | — |
| 2018 | $697M | — | $54M | $35M | — |
| 2017 | $760M | — | $54M | $39M | — |
| 2016 | $692M | — | $52M | $27M | — |
| 2015 | $534M | — | $51M | $25M | — |
| 2014 | $424M | — | $37M | $19M | — |
| 2013 | $472M | — | $44M | $23M | — |
| 2012 | $547M | — | $51M | $21M | — |
| 2011 | $581M | — | $36M | $21M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.03B | $590M | $1.44B | $69M | $293M |
| 2024 | $1.74B | $754M | $988M | $30M | $430M |
| 2023 | $1.35B | $734M | $617M | $8M | $429M |
| 2022 | $1000M | $550M | $450M | $305,000 | $286M |
| 2021 | $919M | $501M | $417M | $518,000 | $285M |
| 2020 | $780M | $424M | $356M | $378,000 | $251M |
| 2019 | $846M | $483M | $363M | $734,000 | $270M |
| 2018 | $639M | $310M | $328M | $162,000 | $161M |
| 2017 | $629M | $336M | $293M | $624,000 | $173M |
| 2016 | $662M | $407M | $255M | $428,000 | $216M |
| 2015 | $617M | $388M | $229M | $740,000 | $235M |
| 2014 | $355M | $150M | $205M | $263,000 | $49M |
| 2013 | $381M | $194M | $187M | $220,000 | $90M |
| 2012 | $410M | $246M | $164M | $2M | $140M |
| 2011 | $455M | $311M | $144M | $451,000 | $164M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $27M | $21M | $6M |
| 2024 | -$31M | $21M | -$52M |
| 2023 | -$22M | $19M | -$40M |
| 2022 | $8M | $11M | -$3M |
| 2021 | -$18M | $11M | -$28M |
| 2020 | $36M | $4M | $31M |
| 2019 | $18M | $10M | $8M |
| 2018 | $19M | $3M | $16M |
| 2017 | $50M | $4M | $47M |
| 2016 | $47M | $7M | $41M |
| 2015 | $38M | $11M | $27M |
| 2014 | $50M | $3M | $46M |
| 2013 | $57M | $4M | $52M |
| 2012 | $60M | $21M | $39M |
| 2011 | $35M | $7M | $28M |

Source: [CompaniesByCap](https://companiesbycap.com/company/VSECU)