V2X, Inc. (VVX) 10-Year Financial Performance & Capital Metrics

VVX • • Industrial / General

IndustrialsAerospace & DefenseMRO & Aftermarket ServicesDefense Support & Logistics

AboutV2X, Inc. is based in Colorado Springs, Colorado.Show more

Revenue $4.32B +9.1%
EBITDA $274M +15.3%
Net Income $35M +253.7%
EPS (Diluted) 1.08 +247.9%
Gross Margin 7.94% -6.1%
EBITDA Margin 6.34% +5.7%
Operating Margin 3.68% +17.3%
Net Margin 0.8% +240.9%
ROE 3.44% +251.4%
ROIC 5.98% +37.7%
Debt/Equity 1.12 -4.4%
Interest Coverage 1.46 +44.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 25.6%
✓Trading near 52-week high
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.0%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.64%

5Y25.6%

3Y34.32%

TTM5.1%

Profit (Net Income) CAGR

10Y4.28%

5Y0.89%

3Y-8.8%

TTM774.94%

EPS CAGR

10Y-6.57%

5Y-17.7%

3Y-34.59%

TTM779.04%

ROCE

10Y Avg10.92%

5Y Avg7.35%

3Y Avg5.39%

Latest7.12%

Peer Comparison

Defense Support & Logistics

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMTMAmentum Holdings, Inc.	8.43B	34.58	128.07	71.59%	0.46%	1.43%	6.44%	0.01
VVXV2X, Inc.	2.1B	67.28	62.30	9.06%	1.81%	7.42%	11.56%	1.12

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.18B	1.19B	1.11B	1.28B	1.38B	1.4B	1.78B	2.89B	3.96B	4.32B
Revenue Growth %	-0.02%	0.01%	-0.06%	0.15%	0.08%	0.01%	0.28%	0.62%	0.37%	0.09%
Cost of Goods Sold+	1.08B	1.08B	1.01B	1.16B	1.25B	1.27B	1.62B	2.6B	3.63B	3.98B
COGS % of Revenue	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%	0.91%	0.9%	0.92%	0.92%
Gross Profit+	105.65M	106.91M	101.95M	114.69M	127.97M	124.15M	160.42M	295.01M	334.86M	342.96M
Gross Margin %	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.09%	0.1%	0.08%	0.08%
Gross Profit Growth %	-0.11%	0.01%	-0.05%	0.13%	0.12%	-0.03%	0.29%	0.84%	0.14%	0.02%
Operating Expenses+	65.69M	64.09M	60.73M	66.37M	78.32M	80.68M	98.4M	239.24M	210.44M	183.76M
OpEx % of Revenue	0.06%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.08%	0.05%	0.04%
Selling, General & Admin	65.69M	64.09M	60.73M	66.37M	78.32M	80.68M	98.4M	239.24M	210.44M	183.76M
SG&A % of Revenue	0.06%	0.05%	0.05%	0.05%	0.06%	0.06%	0.06%	0.08%	0.05%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	39.96M	42.83M	41.22M	48.32M	49.65M	43.48M	62.02M	55.77M	124.42M	159.2M
Operating Margin %	0.03%	0.04%	0.04%	0.04%	0.04%	0.03%	0.03%	0.02%	0.03%	0.04%
Operating Income Growth %	0.04%	0.07%	-0.04%	0.17%	0.03%	-0.12%	0.43%	-0.1%	1.23%	0.28%
EBITDA+	43.1M	44.75M	42.91M	52.12M	56.14M	51.6M	78.57M	118.4M	237.73M	274.09M
EBITDA Margin %	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.04%	0.06%	0.06%
EBITDA Growth %	0.06%	0.04%	-0.04%	0.21%	0.08%	-0.08%	0.52%	0.51%	1.01%	0.15%
D&A (Non-Cash Add-back)	3.14M	1.92M	1.69M	3.8M	6.49M	8.13M	16.55M	62.63M	113.31M	114.88M
EBIT	40.04M	42.87M	41.22M	48.14M	49.65M	43.48M	62.02M	55.77M	98.89M	148M
Net Interest Income+	-6.53M	-5.64M	-4.64M	-5.07M	-6.47M	-3.89M	-7.82M	-61.71M	-122.44M	-107.9M
Interest Income	80K	41K	47K	82K	0	123K	161K	165K	966K	1.26M
Interest Expense	6.61M	5.68M	4.69M	5.15M	6.47M	4.02M	7.99M	61.88M	123.41M	109.16M
Other Income/Expense	-6.53M	-5.64M	-4.64M	-5.07M	-6.47M	-4.79M	-7.99M	-61.88M	-148.93M	-120.36M
Pretax Income+	33.43M	37.19M	36.58M	43.25M	43.18M	38.68M	54.03M	-6.11M	-24.52M	38.84M
Pretax Margin %	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	-0%	-0.01%	0.01%
Income Tax+	2.46M	13.53M	-22.92M	7.96M	10M	1.73M	8.31M	8.22M	-1.95M	4.16M
Effective Tax Rate %	0.93%	0.64%	1.63%	0.82%	0.77%	0.96%	0.85%	2.35%	0.92%	0.89%
Net Income+	30.97M	23.66M	59.5M	35.3M	33.18M	36.95M	45.73M	-14.33M	-22.57M	34.68M
Net Margin %	0.03%	0.02%	0.05%	0.03%	0.02%	0.03%	0.03%	-0%	-0.01%	0.01%
Net Income Growth %	0.36%	-0.24%	1.52%	-0.41%	-0.06%	0.11%	0.24%	-1.31%	-0.58%	2.54%
Net Income (Continuing)	30.97M	23.66M	59.5M	35.3M	33.18M	36.95M	45.73M	-14.33M	-22.57M	34.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	2.86	2.16	5.31	3.10	2.86	3.14	3.86	-0.68	-0.73	1.08
EPS Growth %	0.34%	-0.24%	1.46%	-0.42%	-0.08%	0.1%	0.23%	-1.18%	-0.07%	2.48%
EPS (Basic)	2.94	2.21	5.40	3.14	2.90	3.19	3.91	-0.68	-0.73	1.10
Diluted Shares Outstanding	10.82M	10.97M	11.21M	11.38M	11.61M	11.75M	11.84M	21M	31.08M	31.97M
Basic Shares Outstanding	10.55M	10.71M	11.02M	11.22M	11.44M	11.6M	11.71M	21M	31.08M	31.48M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	261.51M	244.14M	271.95M	313.33M	320.62M	408.39M	423.34M	931.93M	874.87M	1.1B
Cash & Short-Term Investments	39.99M	47.65M	77.45M	66.14M	35.32M	66.95M	38.51M	116.07M	72.65M	268.32M
Cash Only	39.99M	47.65M	77.45M	66.14M	35.32M	66.95M	38.51M	116.07M	72.65M	268.32M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	211.8M	183.07M	187.75M	232.12M	269.14M	314.96M	348.61M	728.58M	706M	710.07M
Days Sales Outstanding	65.48	56.13	61.47	66.23	71.06	82.38	71.34	91.99	65.02	59.96
Inventory	1.24M	11M	12.75M	-121K	0	0	0	44.97M	46.98M	50.89M
Days Inventory Outstanding	0.42	3.71	4.6	-	-	-	-	6.32	4.73	4.67
Other Current Assets	9.71M	13.41M	6.75M	15.06M	16.15M	10.4M	15.06M	-31.93M	7.86M	19.36M
Total Non-Current Assets+	222.89M	221.17M	223.6M	258.92M	315.77M	435.42M	466.12M	2.3B	2.21B	2.13B
Property, Plant & Equipment	4.76M	3.06M	3.73M	13.42M	33.5M	41.29M	67.41M	131.54M	126.64M	99.78M
Fixed Asset Turnover	247.94x	388.93x	298.63x	95.34x	41.27x	33.80x	26.46x	21.98x	31.29x	43.32x
Goodwill	216.93M	216.93M	216.93M	233.62M	261.98M	339.7M	321.73M	1.65B	1.66B	1.66B
Intangible Assets	0	0	121K	8.63M	14.93M	48.1M	66.58M	497.95M	407.53M	323.07M
Long-Term Investments	0	259K	1.76M	104K	0	0	0	0	0	0
Other Non-Current Assets	1.2M	1.18M	2.94M	3.25M	5.37M	6.33M	10.39M	17.86M	15.93M	48.85M
Total Assets+	484.4M	465.31M	495.55M	572.24M	636.39M	843.81M	889.46M	3.23B	3.08B	3.23B
Asset Turnover	2.44x	2.56x	2.25x	2.24x	2.17x	1.65x	2.01x	0.89x	1.29x	1.34x
Asset Growth %	-0.03%	-0.04%	0.07%	0.15%	0.11%	0.33%	0.05%	2.63%	-0.05%	0.05%
Total Current Liabilities+	212.52M	187.84M	182.18M	224.99M	245.08M	288.41M	358.25M	783.13M	840.2M	996.22M
Accounts Payable	122.44M	118.06M	115.9M	156.39M	148.01M	159.59M	212.53M	406.71M	453.05M	547.57M
Days Payables Outstanding	41.57	39.77	41.77	49.02	43.06	45.82	47.79	57.19	45.58	50.23
Short-Term Debt	22M	15.75M	4M	4.5M	6.5M	8.6M	10.4M	11.85M	15.36M	20M
Deferred Revenue (Current)	1000K	1000K	1000K	0	0	0	0	1000K	1000K	1000K
Other Current Liabilities	44.32M	47.09M	51.34M	22.3M	71.48M	46.85M	46.91M	184.47M	64.61M	67.93M
Current Ratio	1.23x	1.30x	1.49x	1.39x	1.31x	1.42x	1.18x	1.19x	1.04x	1.10x
Quick Ratio	1.22x	1.24x	1.42x	1.39x	1.31x	1.42x	1.18x	1.13x	0.99x	1.05x
Cash Conversion Cycle	24.33	20.07	24.3	-	-	-	-	41.13	24.17	14.41
Total Non-Current Liabilities+	182.57M	160.07M	130M	125.96M	132.44M	250.46M	181.12M	1.45B	1.25B	1.21B
Long-Term Debt	89.61M	67.84M	73.21M	69.14M	63.04M	168.75M	94.25M	1.26B	1.1B	1.09B
Capital Lease Obligations	186K	111K	0	0	9.81M	13.97M	34.54M	41.08M	34.69M	33.81M
Deferred Tax Liabilities	91.34M	89.67M	55.33M	55.36M	49.41M	56.19M	40.66M	15.81M	11.76M	20.98M
Other Non-Current Liabilities	1.42M	2.45M	1.46M	1.46M	10.19M	11.55M	11.68M	133.19M	104.18M	64.19M
Total Liabilities	395.09M	347.9M	312.18M	350.94M	377.52M	538.87M	539.37M	2.24B	2.09B	2.2B
Total Debt+	111.61M	83.59M	77.21M	73.64M	85.09M	197.57M	151.16M	1.33B	1.16B	1.15B
Net Debt	71.62M	35.94M	-242K	7.49M	49.78M	130.62M	112.65M	1.22B	1.09B	884.2M
Debt / Equity	1.25x	0.71x	0.42x	0.33x	0.33x	0.65x	0.43x	1.34x	1.17x	1.12x
Debt / EBITDA	2.59x	1.87x	1.80x	1.41x	1.52x	3.83x	1.92x	11.26x	4.90x	4.20x
Net Debt / EBITDA	1.66x	0.80x	-0.01x	0.14x	0.89x	2.53x	1.43x	10.28x	4.59x	3.23x
Interest Coverage	6.04x	7.54x	8.79x	9.38x	7.67x	10.83x	7.77x	0.90x	1.01x	1.46x
Total Equity+	89.31M	117.4M	183.37M	221.3M	258.87M	304.94M	350.09M	997.08M	990.8M	1.03B
Equity Growth %	0.66%	0.31%	0.56%	0.21%	0.17%	0.18%	0.15%	1.85%	-0.01%	0.04%
Book Value per Share	8.25	10.70	16.36	19.45	22.29	25.95	29.58	47.49	31.87	32.10
Total Shareholders' Equity	89.31M	117.4M	183.37M	221.3M	258.87M	304.94M	350.09M	997.08M	990.8M	1.03B
Common Stock	106K	109K	111K	113K	115K	116K	117K	305K	312K	316K
Retained Earnings	34.3M	57.96M	117.42M	152.62M	185.07M	222.03M	267.75M	253.42M	230.85M	265.54M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.74M	-4.58M	-1.68M	-3.16M	-5.08M	-27K	-5.9M	-5.53M	-2.69M	-9.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	18.88M	36.62M	35.41M	40.06M	27.56M	64.08M	61.34M	93.5M	187.97M	254.24M
Operating CF Margin %	0.02%	0.03%	0.03%	0.03%	0.02%	0.05%	0.03%	0.03%	0.05%	0.06%
Operating CF Growth %	-0.56%	0.94%	-0.03%	0.13%	-0.31%	1.33%	-0.04%	0.52%	1.01%	0.35%
Net Income	30.97M	23.66M	59.5M	35.3M	33.18M	36.95M	45.73M	-14.33M	-22.57M	34.68M
Depreciation & Amortization	3.14M	1.92M	1.69M	3.8M	6.49M	8.13M	16.55M	62.63M	113.31M	114.88M
Stock-Based Compensation	6.66M	4.65M	4.47M	4.1M	8.26M	9.45M	8.33M	32.74M	32.84M	15.97M
Deferred Taxes	-9.4M	-2.16M	-35.32M	475K	0	0	-7.28M	-15.55M	-7.51M	7.73M
Other Non-Cash Items	11.22M	3.77M	36.78M	299K	466K	372K	977K	5.78M	31.6M	10.83M
Working Capital Changes	-23.7M	4.79M	-31.7M	-3.91M	-20.84M	9.19M	-2.97M	22.23M	40.3M	70.14M
Change in Receivables	-9.89M	37.81M	178K	-24.65M	-21.05M	1M	-36.38M	-52.31M	19.06M	25.18M
Change in Inventory	-13.78M	-20.68M	2.18M	-9.87M	0	0	-5.23M	-3.6M	-311K	-3.98M
Change in Payables	8.87M	-3.77M	-4.35M	29.96M	-11.73M	-2.68M	56.98M	71.84M	43.15M	75.33M
Cash from Investing+	118K	-52K	-2.34M	-46.85M	-55.83M	-138.03M	-12.64M	175.96M	-22.65M	-28.65M
Capital Expenditures	-793K	-741K	-2.34M	-10.03M	-16.15M	-4.5M	-9.78M	-12.43M	-25.02M	0
CapEx % of Revenue	0%	0%	0%	0.01%	0.01%	0%	0.01%	0%	0.01%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	911K	689K	-2.34M	33K	5.4M	84K	-3.13M	9K	1.02M	-11.71M
Cash from Financing+	-21.71M	-28.06M	-7.13M	-3.29M	-1.9M	105.77M	-75.58M	-193.24M	-211.02M	-24.5M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.67M	938K	-1.13M	715K	2.6M	-2.73M	-1.99M	-3.91M	-28.42M	-9.33M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	18.09M	35.88M	33.07M	30.03M	11.41M	59.58M	51.56M	81.07M	162.95M	242.45M
FCF Margin %	0.02%	0.03%	0.03%	0.02%	0.01%	0.04%	0.03%	0.03%	0.04%	0.06%
FCF Growth %	-0.54%	0.98%	-0.08%	-0.09%	-0.62%	4.22%	-0.13%	0.57%	1.01%	0.49%
FCF per Share	1.67	3.27	2.95	2.64	0.98	5.07	4.36	3.86	5.24	7.58
FCF Conversion (FCF/Net Income)	0.61x	1.55x	0.60x	1.13x	0.83x	1.73x	1.34x	-6.52x	-8.33x	7.33x
Interest Paid	6.05M	5.28M	5.89M	4.97M	6.23M	3.72M	5.8M	54.27M	117.48M	107.61M
Taxes Paid	16.1M	26.07M	4.8M	11.59M	4.51M	14.52M	9.7M	13.42M	8.36M	8.82M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	43.26%	22.89%	39.56%	17.44%	13.82%	13.11%	13.96%	-2.13%	-2.27%	3.44%
Return on Invested Capital (ROIC)	19.38%	20.44%	18.38%	17.6%	13.86%	8.76%	10.36%	3.12%	4.34%	5.98%
Gross Margin	8.95%	8.98%	9.15%	8.97%	9.26%	8.9%	8.99%	10.21%	8.45%	7.94%
Net Margin	2.62%	1.99%	5.34%	2.76%	2.4%	2.65%	2.56%	-0.5%	-0.57%	0.8%
Debt / Equity	1.25x	0.71x	0.42x	0.33x	0.33x	0.65x	0.43x	1.34x	1.17x	1.12x
Interest Coverage	6.04x	7.54x	8.79x	9.38x	7.67x	10.83x	7.77x	0.90x	1.01x	1.46x
FCF Conversion	0.61x	1.55x	0.60x	1.13x	0.83x	1.73x	1.34x	-6.52x	-8.33x	7.33x
Revenue Growth	-1.88%	0.83%	-6.36%	14.76%	8.07%	0.94%	27.81%	62.07%	37.09%	9.06%

Revenue by Segment

	2014	2015	2018	2019	2020	2021	2022	2023	2024
Four Largest Contracts	822M	775.4M	-	-	-	-	-	-	-
Four Largest Contracts Growth	-	-5.67%	-	-	-	-	-	-	-

Revenue by Geography

	2014	2015	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	269.75M	304.95M	334.13M	578.25M	1.49B	2.29B	2.39B
UNITED STATES Growth	-	-	-	13.05%	9.57%	73.06%	158.41%	52.99%	4.49%
Middle East	-	-	889.62M	939.68M	906.47M	1B	1.02B	1.19B	1.4B
Middle East Growth	-	-	-	5.63%	-3.53%	10.41%	2.38%	16.49%	17.25%
Asia	-	-	-	-	-	61.93M	167.63M	264.35M	326.96M
Asia Growth	-	-	-	-	-	-	170.69%	57.70%	23.69%
Europe	-	-	119.93M	138.01M	154.93M	142.61M	204.3M	219.13M	207.16M
Europe Growth	-	-	-	15.07%	12.26%	-7.96%	43.26%	7.26%	-5.46%

Frequently Asked Questions

Valuation & Price

V2X, Inc. (VVX) has a price-to-earnings (P/E) ratio of 62.3x. This suggests investors expect higher future growth.

Growth & Financials

V2X, Inc. (VVX) reported $4.42B in revenue for fiscal year 2024. This represents a 142% increase from $1.83B in 2012.

V2X, Inc. (VVX) grew revenue by 9.1% over the past year. This is steady growth.

Yes, V2X, Inc. (VVX) is profitable, generating $80.1M in net income for fiscal year 2024 (0.8% net margin).

Dividend & Returns

V2X, Inc. (VVX) has a return on equity (ROE) of 3.4%. This is below average, suggesting room for improvement.

V2X, Inc. (VVX) generated $184.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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