VSE Corporation (VSEC) quarterly balance sheet — complete assets, liabilities & equity history
VSE Corporation (VSEC) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 1.33B | 2.16B | 893.33M | 722.28M | 753.62M | 968.86M | 874.83M | 775.3M | 796.38M | 743.1M | 774.03M | 770.36M | 674.22M | 590.76M | 548.88M | 513.34M | 506.59M | 474.66M | 463.99M | 459.86M |
| Cash & Short-Term Investments | 75.36M | 1.24B | 69.36M | 8.78M | 16.91M | 5.71M | 29.03M | 7.91M | 18.99M | 10.57M | 7.77M | 20.67M | 4.16M | 532K | 305K | 90K | 371K | 498K | 518K | 383K |
| Cash Only | 75.36M | 1.24B | 69.36M | 8.78M | 16.91M | 5.71M | 29.03M | 7.91M | 18.99M | 10.57M | 7.77M | 20.67M | 4.16M | 532K | 305K | 90K | 371K | 498K | 518K | 383K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 362.54M | 262.23M | 232.2M | 210.43M | 217.25M | 200.41M | 227.52M | 192.21M | 196.81M | 156.23M | 136.01M | 135.37M | 120.38M | 149.4M | 98.01M | 135.18M | 143.5M | 115.17M | 111.29M | 107.32M |
| Days Sales Outstanding | 63.29 | 68.55 | 67.6 | 69.54 | 69.83 | 75.21 | 64.57 | 87.88 | 83.3 | 81.88 | 53.05 | 50.85 | 59.81 | 59.03 | 62.37 | 76.59 | 69.33 | 44.07 | 47.84 | 49.62 |
| Inventory | 867.12M | 625.74M | 553.83M | 464.31M | 463.22M | 441.45M | 576.32M | 533.77M | 532.37M | 521.25M | 500.86M | 494.37M | 427.82M | 416.67M | 380.44M | 349.92M | 337.75M | 332.02M | 322.7M | 314.7M |
| Days Inventory Outstanding | 182.25 | 185.84 | 179.48 | 171.45 | 170.72 | 199.8 | 191.43 | 269.94 | 276.17 | 323.37 | 219.56 | 208.42 | 209.89 | 211.29 | 217.9 | 208.56 | 191.96 | 134.89 | 148.3 | 145.83 |
| Other Current Assets | -28.42M | 33.57M | 37.94M | 38.76M | 56.25M | 321.28M | 41.96M | 41.4M | 48.2M | 55.05M | 129.39M | 119.96M | 121.86M | 24.17M | 55.13M | 28.15M | 24.96M | 26.97M | 29.48M | 37.45M |
| Total Non-Current Assets | 3.07B | 1.15B | 1.14B | 838.17M | 848.41M | 764.12M | 859.79M | 688.7M | 697.92M | 593.83M | 605.69M | 572.62M | 399.25M | 453.64M | 450.91M | 444.19M | 440.64M | 446.32M | 454.56M | 453.08M |
| Property, Plant & Equipment | 258.87M | 142.09M | 141.25M | 125.96M | 123.99M | 116.4M | 138.91M | 108.18M | 106.99M | 101.68M | 86.76M | 78.44M | 64.19M | 82.82M | 62.06M | 68.51M | 67.48M | 70.54M | 69.81M | 68.19M |
| Fixed Asset Turnover | 2.24x | 2.29x | 2.25x | 2.26x | 2.26x | 2.01x | 2.42x | 1.89x | 1.85x | 1.72x | 2.85x | 3.24x | 2.79x | 2.60x | 2.63x | 2.46x | 2.46x | 3.30x | 3.05x | 3.03x |
| Goodwill | 1.81B | 638.89M | 641.24M | 428.7M | 428.67M | 423.58M | 491.45M | 390.64M | 390.13M | 351.11M | 351.78M | 345.73M | 222.02M | 253.58M | 217.26M | 248.84M | 248.84M | 248.84M | 248.75M | 240.83M |
| Intangible Assets | 952.09M | 318.81M | 295.96M | 201.85M | 208.54M | 191.02M | 197.28M | 160.58M | 165.39M | 110.75M | 114.13M | 118.86M | 82.82M | 90.06M | 86.56M | 94.86M | 99.09M | 103.53M | 108.26M | 117.04M |
| Long-Term Investments | 28.42M | 29.57M | 28.28M | 27.93M | 49.52M | 2.16M | 4.09M | 283K | 6.47M | 6.18M | 2.84M | 9.3M | 7.1M | 3.96M | 6.62M | 0 | 0 | 0 | 7.04M | 5M |
| Other Non-Current Assets | 22.13M | 20.37M | 28.52M | 53.72M | 37.69M | 30.97M | 28.05M | 29.02M | 28.94M | 24.11M | 20.8M | 29.59M | 30.22M | 27.18M | 78.41M | 31.98M | 25.23M | 23.41M | -6.94M | 27.02M |
| Total Assets | 4.4B | 3.31B | 2.03B | 1.56B | 1.6B | 1.73B | 1.73B | 1.46B | 1.49B | 1.34B | 1.38B | 1.34B | 1.07B | 1.04B | 999.79M | 957.53M | 947.22M | 920.97M | 918.56M | 912.94M |
| Asset Turnover | 0.12x | 0.12x | 0.17x | 0.18x | 0.16x | 0.15x | 0.19x | 0.14x | 0.14x | 0.12x | 0.17x | 0.19x | 0.19x | 0.18x | 0.18x | 0.18x | 0.18x | 0.25x | 0.23x | 0.23x |
| Asset Growth % | 174.49% | 91.04% | 16.95% | 6.59% | 7.21% | 29.62% | 25.72% | 9.01% | 39.2% | 28.01% | 38% | 40.26% | 13.33% | 13.4% | 8.84% | 4.88% | 11.41% | 7.96% | 17.75% | 18.47% |
| Total Current Liabilities | 351.81M | 246.19M | 237.51M | 183.35M | 202.04M | 248.3M | 281.84M | 210.11M | 225.65M | 223.05M | 286.89M | 252.15M | 210.22M | 197.44M | 224.6M | 180.33M | 176.6M | 157.04M | 179.96M | 166.69M |
| Accounts Payable | 187.07M | 147.91M | 154.51M | 112.42M | 140.47M | 140.78M | 187.59M | 122.74M | 144.65M | 155.48M | 173.04M | 137.79M | 104.57M | 141.85M | 128.5M | 119.09M | 112.94M | 94.92M | 115.06M | 96.9M |
| Days Payables Outstanding | 40.9 | 47.64 | 47.06 | 46.75 | 53.07 | 64.46 | 53.52 | 67.7 | 78.67 | 103.93 | 68.57 | 54.77 | 61.25 | 71.66 | 73.87 | 70.37 | 59.57 | 43.26 | 49.32 | 39.77 |
| Short-Term Debt | 32M | 29.92M | 13.81M | 7.5M | 7.5M | 5.63M | 30M | 30M | 30M | 30M | 22.5M | 19M | 10M | 10M | 10M | 9.16M | 14.16M | 14.16M | 14.16M | 14.16M |
| Deferred Revenue (Current) | 0 | 0 | 6.89M | 6.56M | 2.83M | 0 | 4.48M | 6.04M | 3.14M | 3.2M | 2.79M | 0 | 0 | 7.95M | 963K | 0 | 0 | 7.4M | 8.23M | 8.6M |
| Other Current Liabilities | 33.85M | 0 | 40.82M | 56.87M | -757K | 53.03M | 32.52M | -4.2M | -1.3M | 1.58M | 67.87M | 60.4M | 64.07M | 1.29M | 68.01M | 1.28M | 1.28M | 2.03M | 7.6M | 2.63M |
| Current Ratio | 3.77x | 8.78x | 3.76x | 3.94x | 3.73x | 3.90x | 3.10x | 3.69x | 3.53x | 3.33x | 2.70x | 3.06x | 3.21x | 2.99x | 2.44x | 2.85x | 2.87x | 3.02x | 2.58x | 2.76x |
| Quick Ratio | 1.30x | 6.24x | 1.43x | 1.41x | 1.44x | 2.12x | 1.06x | 1.15x | 1.17x | 0.99x | 0.95x | 1.09x | 1.17x | 0.88x | 0.75x | 0.91x | 0.96x | 0.91x | 0.79x | 0.87x |
| Cash Conversion Cycle | 204.65 | 206.74 | 200.03 | 194.24 | 187.48 | 210.55 | 202.49 | 290.12 | 280.81 | 301.32 | 204.04 | 204.5 | 208.46 | 198.66 | 206.4 | 214.77 | 201.72 | 135.7 | 146.83 | 155.68 |
| Total Non-Current Liabilities | 1.11B | 398.26M | 352.26M | 393.76M | 420.45M | 508.94M | 464.59M | 466.1M | 487.34M | 501.14M | 476.11M | 481.31M | 394.11M | 389.65M | 325.66M | 331.77M | 339.34M | 340.13M | 321.26M | 335.22M |
| Long-Term Debt | 914.95M | 331.05M | 285.3M | 386.2M | 371.66M | 459.38M | 400.17M | 420.34M | 433.51M | 451.62M | 406.84M | 441.77M | 365.11M | 341.86M | 276.3M | 288.53M | 294.45M | 289.68M | 270.41M | 280.05M |
| Capital Lease Obligations | 78.64M | 41.56M | 43.69M | 37.61M | 38.26M | 39.35M | 48.14M | 29.06M | 36.52M | 31.43M | 24.96M | 21.96M | 17.61M | 30.74M | 19.15M | 22.95M | 24.54M | 26.34M | 27.17M | 26.7M |
| Deferred Tax Liabilities | 104.58M | 16.78M | 12.39M | 0 | 0 | 0 | 0 | 0 | 4.32M | 7.41M | 36.37M | 9.67M | 3.74M | 9.5M | 4.76M | 10.17M | 8.38M | 10.34M | 9.11M | 10.98M |
| Other Non-Current Liabilities | 13.99M | 8.87M | 10.87M | -30.06M | 10.54M | 10.21M | 16.27M | 16.69M | 13M | 10.68M | 7.94M | 7.91M | 7.65M | 7.55M | 25.45M | 10.13M | 11.98M | 13.77M | 14.58M | 17.49M |
| Total Liabilities | 1.46B | 644.45M | 589.77M | 577.11M | 622.5M | 757.24M | 746.43M | 676.2M | 712.98M | 724.19M | 763M | 733.46M | 604.33M | 587.09M | 550.26M | 512.1M | 515.94M | 497.18M | 501.23M | 501.92M |
| Total Debt | 1.03B | 402.53M | 342.8M | 431.31M | 417.42M | 504.35M | 485.21M | 479.4M | 500.02M | 513.05M | 459.26M | 482.73M | 392.72M | 382.6M | 308.64M | 320.64M | 333.15M | 330.18M | 317.73M | 320.91M |
| Net Debt | 950.24M | -836.88M | 273.44M | 422.53M | 400.51M | 498.64M | 456.18M | 471.5M | 481.03M | 502.48M | 451.49M | 462.06M | 388.56M | 382.07M | 308.33M | 320.55M | 332.78M | 329.68M | 317.21M | 320.53M |
| Debt / Equity | 0.35x | 0.15x | 0.24x | 0.44x | 0.43x | 0.52x | 0.49x | 0.61x | 0.64x | 0.84x | 0.74x | 0.79x | 0.84x | 0.84x | 0.69x | 0.72x | 0.77x | 0.78x | 0.76x | 0.78x |
| Debt / EBITDA | 14.06x | 8.85x | 7.23x | 9.90x | 12.59x | 14.16x | 11.87x | 17.30x | 21.85x | 22.13x | 14.59x | 14.99x | 14.88x | 16.47x | 14.10x | 15.03x | 20.29x | 17.89x | 18.32x | 15.56x |
| Net Debt / EBITDA | 13.03x | -18.39x | 5.77x | 9.70x | 12.08x | 14.00x | 11.16x | 17.02x | 21.02x | 21.67x | 14.34x | 14.34x | 14.72x | 16.45x | 14.08x | 15.03x | 20.27x | 17.86x | 18.29x | 15.54x |
| Interest Coverage | 8.51x | 23.36x | 37.80x | 2.19x | 3.31x | 3.09x | 3.95x | 2.23x | 0.26x | 1.70x | 2.73x | 2.99x | 2.80x | 2.81x | 2.85x | 3.13x | 2.72x | 3.30x | 2.99x | 5.00x |
| Total Equity | 2.93B | 2.67B | 1.44B | 983.34M | 979.53M | 975.74M | 988.19M | 787.8M | 781.32M | 612.74M | 616.73M | 609.52M | 469.14M | 457.31M | 449.53M | 445.43M | 431.28M | 423.79M | 417.33M | 411.02M |
| Equity Growth % | 199.47% | 173.25% | 45.6% | 24.82% | 25.37% | 59.24% | 60.23% | 29.25% | 66.54% | 33.99% | 37.19% | 36.84% | 8.78% | 7.91% | 7.71% | 8.37% | 7.42% | 2.29% | 17.12% | 17.28% |
| Book Value per Share | 93.46 | 95.79 | 63.24 | 47.38 | 47.24 | 47.05 | 47.99 | 42.63 | 45.55 | 38.82 | 39.02 | 40.50 | 36.32 | 35.38 | 35.03 | 34.71 | 33.66 | 33.10 | 32.67 | 32.17 |
| Total Shareholders' Equity | 2.93B | 2.67B | 1.44B | 983.34M | 979.53M | 975.74M | 988.19M | 787.8M | 781.32M | 612.74M | 616.73M | 609.52M | 469.14M | 457.31M | 449.53M | 445.43M | 431.28M | 423.79M | 417.33M | 411.02M |
| Common Stock | 1.4M | 1.4M | 1.17M | 1.03M | 1.03M | 1.03M | 1.03M | 921K | 921K | 792K | 788K | 787K | 645K | 644K | 641K | 640K | 640K | 638K | 636K | 635K |
| Retained Earnings | 447.61M | 421.89M | 395.64M | 384.42M | 382.57M | 381.44M | 392.48M | 381.68M | 371.87M | 376.5M | 384.7M | 374.67M | 366.69M | 359.12M | 351.3M | 347.73M | 339.59M | 333.32M | 328.36M | 323.43M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 287K | 1.17M | 512K | 680K | 920K | 1.62M | 3.07M | 212K | 4.86M | 4.64M | 2.13M | 6.98M | 5.33M | 2.97M | 4.97M | 5.35M | 0 | 0 | -176K | -367K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |