What is V2X's earnings per share (EPS)?

V2X (VVX) reported diluted earnings per share of $2.45 for fiscal year 2025. This represents a 126.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

V2X Financials

VVX

Trailing 12 months to July 3, 2026

Revenue $4.9B +13.0% YoY

Net Income $91.8M +30.1% YoY

EPS (Diluted) $2.90 +31.8% YoY

Free Cash Flow $130.4M -38.0% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jul 3, 2026 Reported Aug 3, 2026 Currency USD FYE December

V2X (VVX) reported $4.9B in revenue over the twelve months to Jul 3, 2026, up 13.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VVX FY2025 2026-08-30

V2X’s scale expansion pairs with modest margin improvement, but cash conversion weakened in FY2025.

FY2025 net income more than doubled, yet operating cash flow fell 28.4% and free cash flow fell 29.9% from FY2024, indicating that the reported profit improvement was not matched by cash generation. The divergence makes earnings quality more dependent on working-capital and non-cash effects than the income statement alone suggests.

Revenue expanded 2.5x since FY2021 while gross margin held near 9%, showing scale growth without a major change in the business’s margin structure. Operating margin reached 4.3% in FY2025, an improvement that still leaves profitability relatively thin.

The 2022 step-up in debt-to-equity to 1.3x alongside $1.7B of goodwill is consistent with acquisition-led balance-sheet expansion. By FY2025, debt-to-equity eased to 1.0x and the current ratio improved to 1.2x, indicating financing pressure moderated while leverage remained material; balance-sheet capacity therefore remains important to operations.

Financial Health Signals

Financial Health Score 45/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of V2X's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

V2X has an operating margin of 4.3%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 57/100, indicating healthy but not exceptional operating efficiency. This is up from 3.7% the prior year.

Growth

V2X's revenue grew a modest 3.7% year-over-year to $4.5B. This slow but positive growth earns a score of 55/100.

Leverage

V2X has elevated debt relative to equity (D/E of 1.00), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 27/100, reflecting increased financial risk.

Liquidity

V2X's current ratio of 1.22 is below the typical benchmark, resulting in a score of 29/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

V2X has a free cash flow margin of 3.8%, earning a moderate score of 45/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

V2X's ROE of 7.2% shows moderate profitability relative to equity, earning a score of 59/100. This is up from 3.4% the prior year.

Altman Z-Score Grey Zone

2.46

V2X scores 2.46, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

9/9

V2X passes 9 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.34x

For every $1 of reported earnings, V2X generates $2.34 in operating cash flow ($182.0M OCF vs $77.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5B

YoY+3.7%

5Y CAGR+26.3%

V2X generated $4.5B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

$301.9M

YoY+11.5%

5Y CAGR+42.4%

10Y CAGR+21.5%

V2X's EBITDA was $301.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.5% from the prior year.

Net Income

$77.9M

YoY+124.5%

5Y CAGR+16.1%

10Y CAGR+9.7%

V2X reported $77.9M in net income in fiscal year 2025. This represents an increase of 124.5% from the prior year.

EPS (Diluted)

$2.45

YoY+126.9%

V2X earned $2.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 126.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$170.1M

YoY-29.9%

5Y CAGR+23.3%

10Y CAGR+25.1%

V2X generated $170.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 29.9% from the prior year.

Cash & Debt

$369.0M

YoY+37.5%

5Y CAGR+40.7%

10Y CAGR+24.9%

V2X held $369.0M in cash against $1.1B in long-term debt as of fiscal year 2025.

Shares Outstanding

31M

YoY-1.3%

V2X had 31M shares outstanding in fiscal year 2025. This represents a decrease of 1.3% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin

8.3%

YoY+0.4pp

5Y CAGR-0.6pp

V2X's gross margin was 8.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin

4.3%

YoY+0.7pp

5Y CAGR+1.2pp

V2X's operating margin was 4.3% in fiscal year 2025, reflecting core business profitability. This is up 0.7 percentage points from the prior year.

Net Margin

1.7%

YoY+0.9pp

5Y CAGR-0.9pp

V2X's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.9 percentage points from the prior year.

Return on Equity

7.2%

YoY+3.8pp

5Y CAGR-4.9pp

10Y CAGR-27.5pp

V2X's ROE was 7.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.8 percentage points from the prior year.

Capital Allocation

Share Buybacks

$30.0M

V2X spent $30.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$11.9M

YoY+1.2%

5Y CAGR+21.5%

10Y CAGR+31.1%

V2X invested $11.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1.2% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

VVX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VVX quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	$4.9B	$4.5B+3.7%	$4.3B+9.1%	$4.0B+37.1%	$2.9B+62.1%	$1.8B+27.8%	$1.4B+0.9%	$1.4B+8.1%	$1.3B+14.7%	$1.1B-6.4%	$1.2B	N/A	N/A	N/A	N/A
Cost of Revenue	$4.5B	$4.1B+3.2%	$4.0B+9.7%	$3.6B+39.8%	$2.6B+59.9%	$1.6B+27.7%	$1.3B+1.3%	$1.3B+7.7%	$1.2B+15.0%	$1.0B-6.5%	$1.1B	N/A	N/A	N/A	N/A
Gross Profit	$414.9M	$373.4M+8.9%	$343.0M+2.4%	$334.9M+13.5%	$295.0M+83.9%	$160.4M+29.2%	$124.2M-3.0%	$128.0M+11.8%	$114.4M+12.2%	$101.9M-4.6%	$106.9M	N/A	N/A	N/A	N/A
SG&A Expenses	$209.9M	$179.1M-2.5%	$183.8M-12.7%	$210.4M-12.0%	$239.2M+143.1%	$98.4M+22.0%	$80.7M+3.0%	$78.3M+18.0%	$66.4M+9.3%	$60.7M-5.2%	$64.1M-2.4%	$65.7M-18.2%	$80.3M-3.5%	$83.2M+1.1%	$82.3M
Operating Income	$204.9M	$194.3M+22.0%	$159.2M+28.0%	$124.4M+123.1%	$55.8M-10.1%	$62.0M+42.7%	$43.5M-12.4%	$49.6M+3.3%	$48.1M+16.6%	$41.2M-3.8%	$42.8M+7.2%	$40.0M+4.0%	$38.4M-70.7%	$131.3M+19.0%	$110.4M
Income Tax	$26.3M	$23.0M+453.8%	$4.2M+313.7%	-$1.9M-123.7%	$8.2M-1.0%	$8.3M+379.9%	$1.7M-82.7%	$10.0M+26.7%	$7.9M+134.5%	-$22.9M-269.4%	$13.5M+450.5%	$2.5M-82.5%	$14.1M-70.1%	$47.0M+31.7%	$35.7M
Net Income	$91.8M	$77.9M+124.5%	$34.7M+253.7%	-$22.6M-57.5%	-$14.3M-131.3%	$45.7M+23.8%	$37.0M+11.4%	$33.2M-5.4%	$35.1M-41.0%	$59.5M+151.5%	$23.7M-23.6%	$31.0M+35.8%	$22.8M-73.0%	$84.4M+13.0%	$74.7M
EPS (Diluted)	$2.90	$2.45+126.9%	$1.08+247.9%	-$0.73-7.4%	-$0.68	$3.86+22.9%	$3.14+9.8%	$2.86-7.1%	$3.08-42.0%	$5.31+145.8%	$2.16-24.5%	$2.86+34.3%	$2.13-73.6%	$8.06+13.0%	$7.13

Metric	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.3B+0.2%	$1.3B+2.9%	$1.2B+4.4%	$1.2B+8.2%	$1.1B+6.1%	$1.0B-12.3%	$1.2B+7.0%	$1.1B
Cost of Revenue	$1.1B-0.1%	$1.1B+3.1%	$1.1B+3.8%	$1.1B+9.2%	$982.6M+4.8%	$937.8M-10.7%	$1.1B+6.1%	$990.2M
Gross Profit	$109.5M+3.5%	$105.8M+0.7%	$105.0M+11.1%	$94.5M-1.3%	$95.7M+22.6%	$78.1M-27.3%	$107.4M+17.5%	$91.4M
SG&A Expenses	$55.7M-9.8%	$61.7M+15.0%	$53.7M+38.2%	$38.8M-9.2%	$42.8M-2.3%	$43.8M-21.6%	$55.9M+34.4%	$41.5M
Operating Income	$53.8M+22.0%	$44.1M-14.2%	$51.4M-7.7%	$55.7M+5.2%	$52.9M+54.4%	$34.3M-33.5%	$51.6M+3.4%	$49.9M
Income Tax	$7.7M+67.4%	$4.6M-21.6%	$5.9M-28.0%	$8.1M+15.3%	$7.1M+259.6%	$2.0M+55.7%	$1.3M-71.9%	$4.5M
Net Income	$25.5M+35.0%	$18.9M-16.9%	$22.8M-7.4%	$24.6M+9.9%	$22.4M+176.2%	$8.1M-67.6%	$25.0M+66.3%	$15.1M
EPS (Diluted)	$0.81+35.0%	$0.60-16.7%	$0.72-6.5%	$0.77+10.0%	$0.70+180.0%	$0.25-67.9%	$0.78+66.0%	$0.47

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

VVX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VVX quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$3.3B+1.3%	$3.2B+4.8%	$3.1B-4.7%	$3.2B+263.5%	$889.5M+5.4%	$843.8M+32.6%	$636.4M+11.2%	$572.2M+15.5%	$495.6M+6.5%	$465.3M-3.9%	$484.4M-2.3%	$496.0M+1.4%	$489.2M	N/A
Current Assets	$1.2B+11.2%	$1.1B+26.0%	$874.9M-6.1%	$931.9M+120.1%	$423.3M+3.7%	$408.4M+27.4%	$320.6M+2.3%	$313.3M+15.2%	$271.9M+11.4%	$244.1M-6.6%	$261.5M-0.8%	$263.6M+3.3%	$255.1M	N/A
Cash & Equivalents	$369.0M+37.5%	$268.3M+269.3%	$72.7M-37.4%	$116.1M+201.4%	$38.5M-42.5%	$66.9M+89.6%	$35.3M-46.6%	$66.1M-14.6%	$77.5M+62.5%	$47.7M+19.1%	$40.0M-6.6%	$42.8M+309.9%	$10.4M-27.5%	$14.4M
Inventory	$45.9M-9.9%	$50.9M+8.3%	$47.0M+4.5%	$45.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$6.0M	N/A
Goodwill	$1.7B+1.2%	$1.7B0.0%	$1.7B+0.2%	$1.7B+414.0%	$321.7M-5.3%	$339.7M+29.7%	$262.0M+12.1%	$233.6M+7.7%	$216.9M0.0%	$216.9M0.0%	$216.9M0.0%	$216.9M-2.5%	$222.5M0.0%	$222.5M
Total Liabilities	$2.2B-0.7%	$2.2B+5.3%	$2.1B-6.5%	$2.2B+314.6%	$539.4M+0.1%	$538.9M+42.7%	$377.5M+7.6%	$350.9M+12.4%	$312.2M-10.3%	$347.9M-11.9%	$395.1M-10.6%	$442.1M+48.4%	$297.8M	N/A
Current Liabilities	$1.0B+1.1%	$996.2M+18.6%	$840.2M+7.3%	$783.1M+118.6%	$358.2M+24.2%	$288.4M+17.7%	$245.1M+8.9%	$225.0M+23.5%	$182.2M-3.0%	$187.8M-11.6%	$212.5M+3.5%	$205.3M-1.4%	$208.2M	N/A
Long-Term Debt	$1.1B-0.4%	$1.1B-1.2%	$1.1B-12.9%	$1.3B+1239.9%	$94.2M-44.2%	$168.8M+167.7%	$63.0M-8.8%	$69.1M-5.6%	$73.2M+7.9%	$67.8M-24.3%	$89.6M-26.8%	$122.5M	$0	N/A
Total Equity	$1.1B+5.7%	$1.0B+3.6%	$990.8M-0.6%	$997.1M+184.8%	$350.1M+14.8%	$304.9M+17.8%	$258.9M+17.5%	$220.3M+20.7%	$182.6M+55.5%	$117.4M+31.5%	$89.3M+65.8%	$53.9M-71.8%	$191.3M-4.9%	$201.3M
Retained Earnings	$343.4M+29.3%	$265.5M+15.0%	$230.9M-8.9%	$253.4M-5.4%	$267.8M+20.6%	$222.0M+20.0%	$185.1M+21.3%	$152.6M+30.0%	$117.4M+102.6%	$58.0M+69.0%	$34.3M+929.8%	$3.3M	$0	N/A

Metric	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$3.2B+0.3%	$3.2B-2.5%	$3.3B+3.0%	$3.2B+1.0%	$3.1B+1.4%	$3.1B-3.9%	$3.2B+3.3%	$3.1B
Current Assets	$1.2B+3.1%	$1.2B-4.6%	$1.2B+11.6%	$1.1B+3.0%	$1.1B+6.4%	$1.0B-9.1%	$1.1B+12.2%	$982.3M
Cash & Equivalents	$214.3M+2.7%	$208.7M-43.5%	$369.0M+102.4%	$182.3M-4.3%	$190.5M+12.7%	$169.1M-37.0%	$268.3M+348.3%	$59.9M
Inventory	$59.1M+21.3%	$48.7M+6.2%	$45.9M-4.5%	$48.0M-4.4%	$50.2M+0.7%	$49.9M-2.0%	$50.9M+2.4%	$49.7M
Goodwill	$1.7B0.0%	$1.7B0.0%	$1.7B0.0%	$1.7B+1.2%	$1.7B0.0%	$1.7B0.0%	$1.7B+0.2%	$1.7B
Total Liabilities	$2.1B-1.1%	$2.1B-4.6%	$2.2B+4.3%	$2.1B+0.9%	$2.1B+0.6%	$2.1B-6.1%	$2.2B+3.7%	$2.1B
Current Liabilities	$914.4M-2.0%	$933.3M-7.3%	$1.0B+10.1%	$914.3M+3.1%	$886.5M+2.2%	$867.1M-13.0%	$996.2M+10.0%	$906.1M
Long-Term Debt	$1.0B-1.2%	$1.1B-2.1%	$1.1B-0.6%	$1.1B-0.2%	$1.1B+0.2%	$1.1B+0.2%	$1.1B-0.9%	$1.1B
Total Equity	$1.1B+2.8%	$1.1B+1.7%	$1.1B+0.5%	$1.1B+1.3%	$1.1B+2.9%	$1.0B+0.9%	$1.0B+2.4%	$1.0B
Retained Earnings	$387.9M+7.0%	$362.3M+5.5%	$343.4M+7.1%	$320.6M+8.3%	$296.0M+8.2%	$273.6M+3.1%	$265.5M+10.4%	$240.5M

Not reported in any period shown, so not listed: Accounts Receivable.

VVX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

VVX quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	$140.6M	$182.0M-28.4%	$254.2M+35.3%	$188.0M+101.0%	$93.5M+52.4%	$61.3M-4.3%	$64.1M+132.5%	$27.6M-31.2%	$40.1M+13.1%	$35.4M-3.3%	$36.6M+94.0%	$18.9M-56.1%	$43.0M-53.7%	$92.8M-19.9%	$115.9M
Capital Expenditures	$10.1M	$11.9M+1.2%	$11.8M-52.9%	$25.0M+101.4%	$12.4M+27.1%	$9.8M+117.2%	$4.5M-72.1%	$16.2M+61.1%	$10.0M+327.7%	$2.3M+216.3%	$741K-6.6%	$793K-79.4%	$3.8M+58.4%	$2.4M-24.8%	$3.2M
Free Cash Flow	$130.4M	$170.1M-29.9%	$242.4M+48.8%	$162.9M+101.0%	$81.1M+57.2%	$51.6M-13.5%	$59.6M+422.4%	$11.4M-62.0%	$30.0M-9.2%	$33.1M-7.8%	$35.9M+98.4%	$18.1M-53.8%	$39.1M-56.7%	$90.4M-19.8%	$112.6M
Investing Cash Flow	-$27.9M	-$29.6M-3.3%	-$28.6M-26.5%	-$22.6M-112.9%	$176.0M+1491.7%	-$12.6M+90.8%	-$138.0M-147.2%	-$55.8M-19.2%	-$46.8M-1898.6%	-$2.3M-4407.7%	-$52K-144.1%	$118K+103.5%	-$3.4M-37.9%	-$2.4M+5.3%	-$2.6M
Financing Cash Flow	-$84.6M	-$51.5M-110.1%	-$24.5M+88.4%	-$211.0M-9.2%	-$193.2M-155.7%	-$75.6M-171.5%	$105.8M+5678.8%	-$1.9M+42.3%	-$3.3M+53.9%	-$7.1M+74.6%	-$28.1M-29.3%	-$21.7M-228.6%	-$6.6M+93.0%	-$94.9M+16.6%	-$113.8M
Share Buybacks	N/A	$30.0M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$21.6M+116.6%	-$129.9M-162.0%	$209.5M+431.0%	$39.4M+38.3%	$28.5M+129.9%	-$95.5M-142.8%	$223.1M+256.1%	$62.7M
Capital Expenditures	$1.1M-52.7%	$2.3M+1.2%	$2.3M-49.5%	$4.5M+80.6%	$2.5M-8.1%	$2.7M+148.3%	$1.1M-50.3%	$2.2M
Free Cash Flow	$20.5M+115.5%	-$132.2M-163.8%	$207.2M+492.6%	$35.0M+34.2%	$26.1M+126.5%	-$98.2M-144.2%	$222.0M+267.2%	$60.5M
Investing Cash Flow	-$1.1M+52.7%	-$2.3M-143.3%	$5.3M+117.8%	-$29.8M-1100.5%	-$2.5M+4.9%	-$2.6M-154.5%	-$1.0M+53.1%	-$2.2M
Financing Cash Flow	-$15.3M+46.0%	-$28.4M-3.0%	-$27.6M-108.1%	-$13.3M-94.5%	-$6.8M-79.5%	-$3.8M+51.0%	-$7.8M+83.9%	-$48.3M
Share Buybacks	N/A	N/A	$20.0M	N/A	N/A	N/A	$0	N/A

Not reported in any period shown, so not listed: Dividends Paid.

VVX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

VVX quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	8.3%+0.4pp	7.9%-0.5pp	8.5%-1.7pp	10.2%+1.2pp	9.0%+0.1pp	8.9%-0.4pp	9.3%+0.3pp	8.9%-0.2pp	9.2%+0.2pp	9.0%	N/A	N/A	N/A	N/A
Operating Margin	4.3%+0.7pp	3.7%+0.5pp	3.1%+1.2pp	1.9%-1.5pp	3.5%+0.4pp	3.1%-0.5pp	3.6%-0.2pp	3.8%+0.1pp	3.7%+0.1pp	3.6%	N/A	N/A	N/A	N/A
Net Margin	1.7%+0.9pp	0.8%+1.4pp	-0.6%-0.1pp	-0.5%-3.1pp	2.6%-0.1pp	2.6%+0.2pp	2.4%-0.3pp	2.7%-2.6pp	5.3%+3.4pp	2.0%	N/A	N/A	N/A	N/A
Return on Equity	7.2%+3.8pp	3.4%+5.7pp	-2.3%-0.8pp	-1.4%-14.5pp	13.1%+0.9pp	12.1%-0.7pp	12.8%-3.1pp	15.9%-16.7pp	32.6%+12.4pp	20.2%-14.5pp	34.7%-7.7pp	42.3%-1.8pp	44.1%+7.0pp	37.1%
Return on Assets	2.4%+1.3pp	1.1%+1.8pp	-0.7%-0.3pp	-0.4%-5.6pp	5.1%+0.8pp	4.4%-0.8pp	5.2%-0.9pp	6.1%-5.9pp	12.0%+6.9pp	5.1%-1.3pp	6.4%+1.8pp	4.6%-12.7pp	17.3%	N/A
Current Ratio	1.22+0.1x	1.11+0.1x	1.04-0.1x	1.190.0x	1.18-0.2x	1.42+0.1x	1.31-0.1x	1.39-0.1x	1.49+0.2x	1.30+0.1x	1.23-0.1x	1.28+0.1x	1.23	N/A
Debt-to-Equity	1.00-0.1x	1.06-0.1x	1.11-0.2x	1.27+1.0x	0.27-0.3x	0.55+0.3x	0.24-0.1x	0.31-0.1x	0.40-0.2x	0.58-0.4x	1.00-1.3x	2.27+2.3x	0.00	N/A
FCF Margin	3.8%-1.8pp	5.6%+1.5pp	4.1%+1.3pp	2.8%-0.1pp	2.9%-1.4pp	4.3%+3.4pp	0.8%-1.5pp	2.4%-0.6pp	3.0%0.0pp	3.0%	N/A	N/A	N/A	N/A

Metric	Q3'26	Q2'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	8.7%+0.3pp	8.4%-0.2pp	8.6%+0.5pp	8.1%-0.8pp	8.9%+1.2pp	7.7%-1.6pp	9.3%+0.8pp	8.5%
Operating Margin	4.3%+0.8pp	3.5%-0.7pp	4.2%-0.6pp	4.8%-0.1pp	4.9%+1.5pp	3.4%-1.1pp	4.5%-0.2pp	4.6%
Net Margin	2.0%+0.5pp	1.5%-0.4pp	1.9%-0.2pp	2.1%0.0pp	2.1%+1.3pp	0.8%-1.4pp	2.2%+0.8pp	1.4%
Return on Equity	2.3%+0.5pp	1.7%-0.4pp	2.1%-0.2pp	2.3%+0.2pp	2.1%+1.3pp	0.8%-1.7pp	2.4%+0.9pp	1.5%
Return on Assets	0.8%+0.2pp	0.6%-0.1pp	0.7%-0.1pp	0.8%+0.1pp	0.7%+0.5pp	0.3%-0.5pp	0.8%+0.3pp	0.5%
Current Ratio	1.32+0.1x	1.250.0x	1.220.0x	1.200.0x	1.200.0x	1.160.0x	1.110.0x	1.08
Debt-to-Equity	0.920.0x	0.960.0x	1.000.0x	1.010.0x	1.020.0x	1.050.0x	1.060.0x	1.09
FCF Margin	1.6%+12.2pp	-10.5%-27.5pp	17.0%+14.0pp	3.0%+0.6pp	2.4%+12.1pp	-9.7%-28.8pp	19.2%+13.6pp	5.6%

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Where V2X Ranks

Frequently Asked Questions

What is V2X's annual revenue?

V2X (VVX) reported $4.5B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is V2X's revenue growing?

V2X (VVX) revenue grew by 3.7% year-over-year, from $4.3B to $4.5B in fiscal year 2025.

Is V2X profitable?

Yes, V2X (VVX) reported a net income of $77.9M in fiscal year 2025, with a net profit margin of 1.7%.

What is V2X's EBITDA?

V2X (VVX) had EBITDA of $301.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does V2X have?

As of fiscal year 2025, V2X (VVX) had $369.0M in cash and equivalents against $1.1B in long-term debt.

What is V2X's gross margin?

V2X (VVX) had a gross margin of 8.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is V2X's operating margin?

V2X (VVX) had an operating margin of 4.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is V2X's net profit margin?

V2X (VVX) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is V2X's return on equity (ROE)?

V2X (VVX) has a return on equity of 7.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is V2X's free cash flow?

V2X (VVX) generated $170.1M in free cash flow during fiscal year 2025. This represents a -29.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is V2X's operating cash flow?

V2X (VVX) generated $182.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are V2X's total assets?

V2X (VVX) had $3.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are V2X's capital expenditures?

V2X (VVX) invested $11.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does V2X buy back shares?

Yes, V2X (VVX) spent $30.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does V2X have outstanding?

V2X (VVX) had 31M shares outstanding as of fiscal year 2025.

What is V2X's current ratio?

V2X (VVX) had a current ratio of 1.22 as of fiscal year 2025, which is considered adequate.

What is V2X's debt-to-equity ratio?

V2X (VVX) had a debt-to-equity ratio of 1.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is V2X's return on assets (ROA)?

V2X (VVX) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is V2X's Altman Z-Score?

V2X (VVX) has an Altman Z-Score of 2.46, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is V2X's Piotroski F-Score?

V2X (VVX) has a Piotroski F-Score of 9 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are V2X's earnings high quality?

V2X (VVX) has an earnings quality ratio of 2.34x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is V2X?

V2X (VVX) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.