# VSE Corp: overview

VSEC · Nasdaq · CIK 102752 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/vsec.md) · [Financials](/companies/vsec/financials.md) · [Filings](/companies/vsec/filings.md) · [Insiders](/companies/vsec/insiders.md)

Latest reported revenue: [$449.1m](/filings/0000102752-26-000064.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000102752-26-000064).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [204](/filings/0000102752-25-000085.md) | [227 d](/filings/0000102752-26-000015.md) | [256](/filings/0000102752-26-000049.md) | [272](/filings/0000102752-26-000064.md) | [283](/filings/0000102752-25-000085.md) | [301 d](/filings/0000102752-26-000015.md) | [325](/filings/0000102752-26-000049.md) | [449](/filings/0000102752-26-000064.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [9.9%](/filings/0000102752-25-000085.md) | [9.0% d](/filings/0000102752-26-000015.md) | [9.6%](/filings/0000102752-26-000049.md) | [8.3%](/filings/0000102752-26-000064.md) | [3.6%](/filings/0000102752-25-000085.md) | [10.8% d](/filings/0000102752-26-000015.md) | [10.1%](/filings/0000102752-26-000049.md) | [10.9%](/filings/0000102752-26-000064.md) |
| Net margin | % | [5.7%](/filings/0000102752-25-000085.md) | [5.7% d](/filings/0000102752-26-000015.md) | [(3.5%)](/filings/0000102752-26-000049.md) | [1.2%](/filings/0000102752-26-000064.md) | [1.4%](/filings/0000102752-25-000085.md) | [4.5% d](/filings/0000102752-26-000015.md) | [9.0%](/filings/0000102752-26-000049.md) | [6.4%](/filings/0000102752-26-000064.md) |
| Diluted EPS | $ per share | [0.63](/filings/0000102752-25-000085.md) | not reported | [(0.44)](/filings/0000102752-26-000049.md) | [0.16](/filings/0000102752-26-000064.md) | [0.19](/filings/0000102752-25-000085.md) | not reported | [1.04](/filings/0000102752-26-000049.md) | [0.91](/filings/0000102752-26-000064.md) |
| Free cash flow | $m | [4.4 d](/filings/0000102752-25-000085.md) | [52.1 d](/filings/0000102752-26-000015.md) | [(49.5)](/filings/0000102752-26-000049.md) | [6.3 d](/filings/0000102752-26-000064.md) | [18.0 d](/filings/0000102752-25-000085.md) | [30.9 d](/filings/0000102752-26-000015.md) | [(68.7)](/filings/0000102752-26-000049.md) | [18.7 d](/filings/0000102752-26-000064.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [481](/filings/0000102752-24-000017.md) | [669](/filings/0000102752-25-000014.md) | [544](/filings/0000102752-26-000015.md) | [786](/filings/0000102752-26-000015.md) | [1,112](/filings/0000102752-26-000015.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(0.6%)](/filings/0000102752-24-000017.md) | [8.0%](/filings/0000102752-25-000014.md) | [9.2%](/filings/0000102752-26-000015.md) | [7.5%](/filings/0000102752-26-000015.md) | [8.1%](/filings/0000102752-26-000015.md) |
| Net margin | % | [1.7%](/filings/0000102752-24-000017.md) | [4.2%](/filings/0000102752-25-000014.md) | [7.2%](/filings/0000102752-26-000015.md) | [1.9%](/filings/0000102752-26-000015.md) | [1.1%](/filings/0000102752-26-000015.md) |
| Diluted EPS | $ per share | [0.63](/filings/0000102752-24-000017.md) | [2.19](/filings/0000102752-25-000014.md) | [2.76](/filings/0000102752-26-000015.md) | [0.85](/filings/0000102752-26-000015.md) | [0.55](/filings/0000102752-26-000015.md) |
| Free cash flow | $m | [(28.1)](/filings/0000102752-24-000017.md) | [(3.2)](/filings/0000102752-25-000014.md) | [(40.5)](/filings/0000102752-26-000015.md) | [(51.7)](/filings/0000102752-26-000015.md) | [5.7](/filings/0000102752-26-000015.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/vsec/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $1.06bn | 4,631,048 |  | Added +124,314 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $471.0m | 2,061,321 |  | Added +186,295 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $283.8m | 1,242,190 |  | Added +63,725 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $235.0m | 1,028,481 |  | Added +77,584 |
| [Durable Capital Partners LP](/funds/1798849.md) | 2026-06-30 | $224.0m | 980,310 |  | Reduced −424,461 |
| [Capital Research Global Investors](/funds/1422848.md) | 2026-06-30 | $189.5m | 829,201 |  | Reduced −107,174 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $188.4m | 824,499 |  | Reduced −139,998 |
| [DENDUR CAPITAL LP](/funds/1782124.md) | 2026-06-30 | $187.7m | 821,400 |  | Added +342,400 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $184.6m | 807,808 |  | Added +60,931 |
| [Capital World Investors](/funds/1422849.md) | 2026-06-30 | $184.1m | 805,643 |  | Added +120,859 |

## Recent filings

[All 1,042 filings](/companies/vsec/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 16:41 ET | [8-K](/filings/0000102752-26-000065.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000102752-26-000065 |
| 2026-08-06 | 16:34 ET | [10-Q](/filings/0000102752-26-000064.md) | Quarterly report, period 2026-06-30 | 0000102752-26-000064 |
| 2026-08-05 | 16:41 ET | [8-K](/filings/0000102752-26-000055.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000102752-26-000055 |
| 2026-05-08 | 16:44 ET | [8-K](/filings/0000102752-26-000051.md) | 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0000102752-26-000051 |
| 2026-05-08 | 13:20 ET | [10-Q](/filings/0000102752-26-000049.md) | Quarterly report, period 2026-03-31 | 0000102752-26-000049 |
| 2026-05-07 | 06:51 ET | [8-K](/filings/0001193125-26-210245.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 2.03 New direct financial obligation; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-210245 |
| 2026-05-05 | 16:45 ET | [8-K](/filings/0000102752-26-000040.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0000102752-26-000040 |
| 2026-03-24 | 14:28 ET | [DEF 14A](/filings/0000102752-26-000023.md) | Proxy statement, period 2026-05-07 | 0000102752-26-000023 |
| 2026-02-27 | 16:48 ET | [10-K](/filings/0000102752-26-000015.md) | Annual report, period 2025-12-31 | 0000102752-26-000015 |
| 2026-02-27 | 18:39 ET | [8-K](/filings/0000102752-26-000009.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0000102752-26-000009 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000102752-26-000015.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/e8601e7d-f276-4f94-8a78-65ead48c493c)

## About the filer

- CIK: 102752
- Tickers: VSEC, VSECU
- Exchange: Nasdaq
- SIC code: 8711 Services-Engineering Services
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 14:15 ET. No prices; not investment advice.