VSE (VSEC) Revenue & Revenue Breakdown

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VSE Revenue Highlights

Latest Revenue (Y)

$860.49M

Latest Revenue (Q)

$273.61M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

VSE Revenue by Period

VSE Revenue by Year

Date	Revenue	Change
2023-12-31	$860.49M	-9.40%
2022-12-31	$949.76M	26.49%
2021-12-31	$750.85M	13.48%
2020-12-31	$661.66M	-12.09%
2019-12-31	$752.63M	7.95%
2018-12-31	$697.22M	-8.27%
2017-12-31	$760.11M	9.88%
2016-12-31	$691.79M	29.55%
2015-12-31	$533.98M	25.92%
2014-12-31	$424.07M	-10.09%
2013-12-31	$471.64M	-13.74%
2012-12-31	$546.75M	-11.61%
2011-12-31	$618.59M	-28.57%
2010-12-31	$866.04M	-14.65%
2009-12-31	$1.01B	-2.79%
2008-12-31	$1.04B	59.80%
2007-12-31	$653.16M	79.57%
2006-12-31	$363.73M	29.84%
2005-12-31	$280.14M	29.69%
2004-12-31	$216.01M	60.65%
2003-12-31	$134.46M	0.06%
2002-12-31	$134.38M	20.44%
2001-12-31	$111.57M	-8.75%
2000-12-31	$122.27M	-22.32%
1999-12-31	$157.40M	-12.65%
1998-12-31	$180.20M	15.59%
1997-12-31	$155.90M	29.81%
1996-12-31	$120.10M	59.92%
1995-12-31	$75.10M	14.48%
1994-12-31	$65.60M	-17.59%
1993-12-31	$79.60M	-

VSE generated $860.49M in revenue during NA 2023, up -9.40% compared to the previous quarter, and up 123.42% compared to the same period a year ago.

VSE Revenue by Quarter

Date	Revenue	Change
2024-09-30	$273.61M	2.88%
2024-06-30	$265.96M	10.11%
2024-03-31	$241.54M	2.64%
2023-12-31	$235.32M	1.72%
2023-09-30	$231.35M	12.73%
2023-06-30	$205.22M	-19.66%
2023-03-31	$255.43M	9.01%
2022-12-31	$234.32M	-3.37%
2022-09-30	$242.49M	0.32%
2022-06-30	$241.71M	4.53%
2022-03-31	$231.24M	10.02%
2021-12-31	$210.18M	4.78%
2021-09-30	$200.58M	14.54%
2021-06-30	$175.11M	6.14%
2021-03-31	$164.98M	9.97%
2020-12-31	$150.02M	-9.36%
2020-09-30	$165.50M	-1.90%
2020-06-30	$168.72M	-4.91%
2020-03-31	$177.42M	-9.14%
2019-12-31	$195.27M	-1.54%
2019-09-30	$198.33M	4.87%
2019-06-30	$189.11M	11.29%
2019-03-31	$169.92M	-6.12%
2018-12-31	$181.00M	7.14%
2018-09-30	$168.93M	-0.86%
2018-06-30	$170.39M	-3.68%
2018-03-31	$176.90M	-9.19%
2017-12-31	$194.79M	11.85%
2017-09-30	$174.16M	-10.16%
2017-06-30	$193.86M	-1.74%
2017-03-31	$197.29M	-8.19%
2016-12-31	$214.90M	24.38%
2016-09-30	$172.78M	7.67%
2016-06-30	$160.47M	11.72%
2016-03-31	$143.64M	-0.71%
2015-12-31	$144.67M	5.29%
2015-09-30	$137.40M	4.78%
2015-06-30	$131.13M	8.56%
2015-03-31	$120.79M	27.21%
2014-12-31	$94.95M	-6.68%
2014-09-30	$101.75M	-5.75%
2014-06-30	$107.96M	-9.59%
2014-03-31	$119.41M	-2.40%
2013-12-31	$122.35M	10.16%
2013-09-30	$111.07M	-6.71%
2013-06-30	$119.06M	-0.08%
2013-03-31	$119.16M	3.61%
2012-12-31	$115.00M	-22.42%
2012-09-30	$148.25M	6.53%
2012-06-30	$139.16M	-3.59%
2012-03-31	$144.34M	-3.05%
2011-12-31	$148.88M	-6.91%
2011-09-30	$159.92M	0.87%
2011-06-30	$158.55M	4.83%
2011-03-31	$151.24M	-28.81%
2010-12-31	$212.44M	-0.23%
2010-09-30	$212.94M	0.22%
2010-06-30	$212.47M	-6.88%
2010-03-31	$228.18M	-10.87%
2009-12-31	$256.01M	-2.68%
2009-09-30	$263.07M	3.12%
2009-06-30	$255.11M	6.09%
2009-03-31	$240.46M	-18.91%
2008-12-31	$296.51M	-3.36%
2008-09-30	$306.81M	21.90%
2008-06-30	$251.69M	33.36%
2008-03-31	$188.72M	-4.75%
2007-12-31	$198.14M	-

VSE generated $273.61M in revenue during Q3 2024, up 2.88% compared to the previous quarter, and up 133.32% compared to the same period a year ago.

VSE Revenue Breakdown

VSE Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Service	$167.45M	$387.28M	$349.92M	$343.33M	$375.99M
Product	$693.03M	$562.48M	$400.94M	$318.32M	$376.63M

VSE's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (80.54%), and Service (19.46%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Service	$85.28M	$77.38M	$54.36M	-	$46.66M	$39.23M	$96.37M	$90.86M	$104.27M	$98.14M	$94.01M	$85.29M	$87.58M	$90.65M	$86.40M	$74.73M	$84.56M	$82.97M	$101.08M	$98.25M
Product	$188.33M	$188.58M	$187.18M	$183.28M	$184.69M	$166.00M	$159.07M	$143.46M	$138.22M	$143.58M	$137.23M	$124.89M	$113.00M	$84.46M	$78.58M	$75.29M	$80.94M	$85.75M	$76.34M	$97.03M

VSE's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (68.83%), and Service (31.17%).

VSE Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Non-US	$203.72M	$111.83M	$81.96M	$63.52M	$93.18M
UNITED STATES	$656.77M	$837.93M	$668.89M	$598.14M	$659.45M

VSE's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (76.32%), and Non-US (23.68%).

VSE Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
VVX	V2X	$3.96B	$1.08B
MOG-A	Moog	$3.61B	$904.74M
CW	Curtiss-Wright	$2.85B	$798.92M
HXL	Hexcel	$1.79B	$456.50M
VSEC	VSE	$860.49M	$273.61M
MRCY	Mercury Systems	$835.27M	$204.43M
DCO	Ducommun	$756.99M	$201.41M
ATRO	Astronics	$689.21M	$203.70M
CDRE	Cadre	$482.53M	$109.41M
NPK	National Presto Industries	$340.91M	$91.82M
PKE	Park Aerospace	$56.00M	$16.71M
ISSC	Innovative Solutions and Support	$34.81M	$11.77M

VSEC Revenue FAQ

What is VSE’s yearly revenue?

VSE's yearly revenue for 2023 was $860.49M, representing a decrease of -9.40% compared to 2022. The company's yearly revenue for 2022 was $949.76M, representing an increase of 26.49% compared to 2021. VSEC's yearly revenue for 2021 was $750.85M, representing an increase of 13.48% compared to 2020.

What is VSE’s quarterly revenue?

VSE's quarterly revenue for Q3 2024 was $273.61M, a 2.88% increase from the previous quarter (Q2 2024), and a 18.27% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $265.96M, a 10.11% increase from the previous quarter (Q1 2024), and a 29.60% increase year-over-year (Q2 2023). VSEC's quarterly revenue for Q1 2024 was $241.54M, a 2.64% increase from the previous quarter (Q4 2023), and a -5.44% decrease year-over-year (Q1 2023).

What is VSE’s revenue growth rate?

VSE's revenue growth rate for the last 3 years (2021-2023) was 14.60%, and for the last 5 years (2019-2023) was 14.33%.

What are VSE’s revenue streams?

VSE's revenue streams in c 23 are Service, and Product. Service generated $167.45M in revenue, accounting 19.46% of the company's total revenue, down -56.76% year-over-year. Product generated $693.04M in revenue, accounting 80.54% of the company's total revenue, up 23.21% year-over-year.

What is VSE’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of VSE was Product. This segment made a revenue of $693.04M, representing 80.54% of the company's total revenue.