VSE Q4 Sales Flat at $301.2M, EPS Surges 29.9% Above Estimates

VSECVSEC

VSE Corporation reported Q4 sales of $301.2 million, matching last year’s level but surpassing analyst forecasts by 4.2%, and delivered adjusted EPS of $1.16, 29.9% above consensus. Operating margin rose to 10.8% while free cash flow margin contracted to 10.3%, and analysts project 29.7% revenue growth next year.

1. Q4 CY2025 Financial Results

VSE Corporation reported Q4 CY2025 revenue of $301.2 million, flat year on year but 4.2% above analyst forecasts, and achieved adjusted EPS of $1.16, marking a 29.9% beat.

2. Margin Trends

Operating margin expanded to 10.8% from 9.2% last year, reflecting improved cost control, while adjusted EBITDA margin reached 17.2%, and free cash flow margin declined to 10.3% from 17.4%.

3. Cash Flow and Growth

The company sustained a five-year revenue CAGR of 10.9% and EPS CAGR of 13.8%, underpinning its $6.27 billion market valuation and demonstrating long-term profitability and revenue consistency.

4. Analyst Outlook

Sell-side analysts forecast 29.7% revenue growth over the next 12 months and expect full-year EPS of $3.90, implying a 10.9% year-over-year earnings increase supported by new service offerings.

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