VSEC Income Statement - TTM - VSE Corporation

Income Statement (TTM)

VSE Corporation Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	707	662	649	656	691	481	746	741	708	669	698	733	797	860	834	822	864	1,080	1,174	1,253
Change (%)		-6.40	-1.88	0.99	5.35	-30.30	55.01	-0.72	-4.48	-5.40	4.22	5.08	8.73	7.95	-3.05	-1.49	5.14	24.99	8.67	6.76
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales	628	586	581	613	647	465	700	672	639	596	619	644	696	750	725	715	758	954	1,037	1,102
Change (%)		-6.62	-0.89	5.46	5.66	-28.20	50.51	-3.92	-4.92	-6.68	3.74	4.00	8.15	7.83	-3.38	-1.41	5.99	25.92	8.66	6.30
% of Revenue	88.82	88.61	89.50	93.46	93.74	96.57	93.77	90.74	90.32	89.10	88.69	87.77	87.31	87.22	86.92	86.99	87.69	88.34	88.33	87.96

Gross Operating Profit	79	75	68	43	43	17	47	69	68	73	79	90	101	110	109	107	106	126	137	151
Change (%)		-4.63	-9.56	-37.14	0.92	-61.84	181.85	47.48	-0.15	6.54	8.15	13.60	12.83	8.73	-0.77	-2.01	-0.53	18.38	8.76	10.18
% of Revenue	11.18	11.39	10.50	6.54	6.26	3.43	6.23	9.26	9.68	10.90	11.31	12.23	12.69	12.78	13.08	13.01	12.31	11.66	11.67	12.04

SG&A	3	3	3	2	2	3	4	4	4	4	5	6	5	4	3	5	8	5	5	9
Change (%)		-5.48	-16.35	-17.05	-17.37	65.12	38.59	-9.21	2.23	-4.34	31.31	21.91	-17.79	-18.08	-13.27	54.75	56.05	-33.28	-3.91	78.60
% of Revenue	0.47	0.47	0.40	0.33	0.26	0.61	0.55	0.50	0.54	0.54	0.68	0.79	0.60	0.46	0.41	0.64	0.95	0.51	0.45	0.75

R&D
Change (%)
% of Revenue

OpEx	649	607	601	632	667	484	722	694	660	616	639	665	715	769	742	735	782	977	1,063	1,134
Change (%)		-6.46	-1.02	5.23	5.55	-27.52	49.31	-3.93	-4.92	-6.62	3.78	3.97	7.65	7.47	-3.44	-1.03	6.45	24.98	8.72	6.74
% of Revenue	91.79	91.72	92.53	96.42	96.60	100.46	96.77	93.63	93.20	91.99	91.61	90.63	89.74	89.34	88.98	89.39	90.50	90.49	90.53	90.52

Operating Income	58	55	49	23	23	-2	24	47	48	54	59	69	82	92	92	87	82	103	111	119
Change (%)		-5.69	-11.43	-51.58	0.03	-109.38	-1,194.51	95.50	1.95	11.44	9.25	17.25	19.15	12.07	0.29	-5.20	-5.87	25.17	8.24	6.88
% of Revenue	8.21	8.28	7.47	3.58	3.40	-0.46	3.23	6.37	6.80	8.01	8.39	9.37	10.26	10.66	11.02	10.61	9.50	9.51	9.47	9.48

Interest Expense	-14	-13	-13	-13	-12	-12	-13	-14	-16	-18	-20	-24	-27	-31	-34	-37	-37	-35	-34	-30
Change (%)		-1.17	-3.38	-3.11	-5.94	1.51	4.86	9.53	14.75	12.55	13.25	17.24	15.30	13.47	10.33	7.17	1.43	-6.27	-3.58	-10.04
% of Revenue	-1.93	-2.04	-2.01	-1.93	-1.72	-2.51	-1.70	-1.87	-2.25	-2.67	-2.90	-3.24	-3.44	-3.61	-4.11	-4.47	-4.31	-3.23	-2.87	-2.42

Net Income	-1	-5	-3	7	8	8	9	29	29	28	31	32	32	39	23	12	14	15	13	19
Change (%)		335.27	-34.40	-302.42	13.30	2.40	14.22	218.86	1.37	-4.60	10.24	4.23	0.43	20.87	-40.19	-49.70	17.78	10.51	-15.41	46.09
% of Revenue	-0.17	-0.78	-0.52	1.05	1.13	1.65	1.22	3.92	4.16	4.19	4.43	4.40	4.06	4.55	2.81	1.43	1.60	1.42	1.10	1.51

Source: Capital IQ

VSE Corporation - Income Statement (TTM)

Income Statement (TTM)

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