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VSE Valuation Multiples
Discover revenue and EBITDA valuation multiples for VSE and similar public comparables like Airports Corporation of Vietnam, Grupo OMA, Vienna International Airport, AAR and more.
VSE Overview
About VSE
VSE Corp is a diversified aftermarket products and services company providing repair services, parts distribution, logistics, supply chain management, and consulting services for land, sea, and air transportation assets to commercial and government markets. Its operations include supply chain management solutions, parts supply and distribution, and maintenance, repair, and overhaul (MRO) services for vehicle fleet, aviation, maritime and other customers. Its reportable segments are; Aviation and Fleet. The majority of the revenue for the company is generated from the Aviation segment which is a provider of aftermarket parts distribution and MRO services for components and engine accessories supporting commercial, business, and general aviation operators.
Founded
1959
HQ

Employees
1.4K
Website
Sectors
Financials (LTM)
EV
$6B
VSE Financials
VSE reported last 12-month revenue of $1B and EBITDA of $207M.
In the same LTM period, VSE generated $132M in gross profit, $207M in EBITDA, and $73M in net income.
Revenue (LTM)
VSE P&L
In the most recent fiscal year, VSE reported revenue of $1B and EBITDA of $183M.
VSE expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $132M | XXX | $132M | XXX | XXX | XXX |
| Gross Margin | 11% | XXX | 12% | XXX | XXX | XXX |
| EBITDA | $207M | XXX | $183M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $73M | XXX | $53M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $223M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
VSE Stock Performance
VSE has current market cap of $6B, and enterprise value of $6B.
Market Cap Evolution
VSE's stock price is $214.64.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $6B | -1.4% | XXX | XXX | XXX | $1.91 |
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Start Free TrialVSE Valuation Multiples
VSE trades at 5.3x EV/Revenue multiple, and 30.5x EV/EBITDA.
EV / Revenue (LTM)
VSE Financial Valuation Multiples
As of April 14, 2026, VSE has market cap of $6B and EV of $6B.
Equity research analysts estimate VSE's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
VSE has a P/E ratio of 82.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 5.3x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBITDA | 30.5x | XXX | 34.4x | XXX | XXX | XXX |
| EV/EBIT | 52.8x | XXX | 53.0x | XXX | XXX | XXX |
| EV/Gross Profit | 47.5x | XXX | 47.6x | XXX | XXX | XXX |
| P/E | 82.8x | XXX | 112.6x | XXX | XXX | XXX |
| EV/FCF | 780.4x | XXX | 1102.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified VSE Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


VSE Margins & Growth Rates
VSE's revenue in the last 12 month grew by 19%.
VSE's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.0M for the same period.
VSE's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
VSE's rule of X is 75% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
VSE Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 39% | XXX | 45% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 1% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
VSE Public Comps
See public comps and valuation multiples for other Airports & Aviation Services comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| VSE | XXX | XXX | XXX | XXX | XXX | XXX |
| Airports Corporation of Vietnam | XXX | XXX | XXX | XXX | XXX | XXX |
| Grupo OMA | XXX | XXX | XXX | XXX | XXX | XXX |
| Vienna International Airport | XXX | XXX | XXX | XXX | XXX | XXX |
| AAR | XXX | XXX | XXX | XXX | XXX | XXX |
| Clear Secure | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
VSE M&A Activity
VSE acquired XXX companies to date.
Last acquisition by VSE was on XXXXXXXX, XXXXX. VSE acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by VSE
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialVSE Investment Activity
VSE invested in XXX companies to date.
VSE made its latest investment on XXXXXXXX, XXXXX. VSE invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by VSE
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout VSE
| When was VSE founded? | VSE was founded in 1959. |
| Where is VSE headquartered? | VSE is headquartered in United States. |
| How many employees does VSE have? | As of today, VSE has over 1K employees. |
| Who is the CEO of VSE? | VSE's CEO is John A. Cuomo. |
| Is VSE publicly listed? | Yes, VSE is a public company listed on Nasdaq. |
| What is the stock symbol of VSE? | VSE trades under VSEC ticker. |
| When did VSE go public? | VSE went public in 1982. |
| Who are competitors of VSE? | VSE main competitors are Airports Corporation of Vietnam, Grupo OMA, Vienna International Airport, AAR. |
| What is the current market cap of VSE? | VSE's current market cap is $6B. |
| What is the current revenue of VSE? | VSE's last 12 months revenue is $1B. |
| What is the current revenue growth of VSE? | VSE revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of VSE? | Current revenue multiple of VSE is 5.3x. |
| Is VSE profitable? | Yes, VSE is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of VSE? | VSE's last 12 months EBITDA is $207M. |
| What is VSE's EBITDA margin? | VSE's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of VSE? | Current EBITDA multiple of VSE is 30.5x. |
| What is the current FCF of VSE? | VSE's last 12 months FCF is $8M. |
| What is VSE's FCF margin? | VSE's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of VSE? | Current FCF multiple of VSE is 780.4x. |
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