VSE (VSEC) Revenue & Revenue Breakdown


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VSE Revenue Highlights


Latest Revenue (Y)

$860.49M

Latest Revenue (Q)

$265.96M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

VSE Revenue by Period


VSE Revenue by Year

DateRevenueChange
2023-12-31$860.49M-9.40%
2022-12-31$949.76M26.49%
2021-12-31$750.85M13.48%
2020-12-31$661.66M-12.09%
2019-12-31$752.63M7.95%
2018-12-31$697.22M-8.27%
2017-12-31$760.11M9.88%
2016-12-31$691.79M29.55%
2015-12-31$533.98M25.92%
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$1.04B59.80%
2007-12-31$653.16M79.57%
2006-12-31$363.73M29.84%
2005-12-31$280.14M29.69%
2004-12-31$216.01M60.65%
2003-12-31$134.46M0.06%
2002-12-31$134.38M20.44%
2001-12-31$111.57M-8.75%
2000-12-31$122.27M-22.32%
1999-12-31$157.40M-12.65%
1998-12-31$180.20M15.59%
1997-12-31$155.90M29.81%
1996-12-31$120.10M59.92%
1995-12-31$75.10M14.48%
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

DateRevenueChange
2024-06-30$265.96M10.11%
2024-03-31$241.54M2.64%
2023-12-31$235.32M1.72%
2023-09-30$231.35M12.73%
2023-06-30$205.22M-19.66%
2023-03-31$255.43M9.01%
2022-12-31$234.32M-3.37%
2022-09-30$242.49M0.32%
2022-06-30$241.71M4.53%
2022-03-31$231.24M10.02%
2021-12-31$210.18M4.78%
2021-09-30$200.58M14.54%
2021-06-30$175.11M6.14%
2021-03-31$164.98M9.97%
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$198.33M4.87%
2019-06-30$189.11M11.29%
2019-03-31$169.92M-6.12%
2018-12-31$181.00M7.14%
2018-09-30$168.93M-0.86%
2018-06-30$170.39M-3.68%
2018-03-31$176.90M-9.19%
2017-12-31$194.79M11.85%
2017-09-30$174.16M-10.16%
2017-06-30$193.86M-1.74%
2017-03-31$197.29M-8.19%
2016-12-31$214.90M24.38%
2016-09-30$172.78M7.67%
2016-06-30$160.47M11.72%
2016-03-31$143.64M-0.71%
2015-12-31$144.67M5.29%
2015-09-30$137.40M4.78%
2015-06-30$131.13M8.56%
2015-03-31$120.79M27.21%
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$122.35M10.16%
2013-09-30$111.07M-6.71%
2013-06-30$119.06M-0.08%
2013-03-31$119.16M3.61%
2012-12-31$115.00M-22.42%
2012-09-30$148.25M6.53%
2012-06-30$139.16M-3.59%
2012-03-31$144.34M-3.05%
2011-12-31$148.88M-6.91%
2011-09-30$159.92M0.87%
2011-06-30$158.55M4.83%
2011-03-31$151.24M-28.81%
2010-12-31$212.44M-0.23%
2010-09-30$212.94M0.22%
2010-06-30$212.47M-6.88%
2010-03-31$228.18M-10.87%
2009-12-31$256.01M-2.68%
2009-09-30$263.07M3.12%
2009-06-30$255.11M6.09%
2009-03-31$240.46M-18.91%
2008-12-31$296.51M-3.36%
2008-09-30$306.81M21.90%
2008-06-30$251.69M33.36%
2008-03-31$188.72M-4.75%
2007-12-31$198.14M-

VSE generated $265.96M in revenue during Q2 2024, up 10.11% compared to the previous quarter, and up 104.12% compared to the same period a year ago.

VSE Revenue Breakdown


VSE Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 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/ServiceJun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Service$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$101.49M
Product$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$96.83M

VSE's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Product (70.91%), and Service (29.09%).

VSE Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21Dec 20Dec 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


TickerCompanyLast Year RevenueLast Quarter Revenue
VVXV2X$3.96B$1.07B
MOG-AMoog$3.32B$904.74M
CWCurtiss-Wright$2.85B$798.92M
HXLHexcel$1.79B$456.50M
VSECVSE$860.49M$265.96M
MRCYMercury Systems$835.27M$208.26M
DCODucommun$756.99M$197.00M
ATROAstronics$689.21M$198.11M
CDRECadre$482.53M$144.31M
NPKNational Presto Industries$340.91M$85.06M
PKEPark Aerospace$56.00M$16.71M
ISSCInnovative Solutions and Support$34.81M$11.77M

VSEC Revenue FAQ


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.

VSE'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). The company'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). VSEC's quarterly revenue for Q4 2023 was $235.32M, a 1.72% increase from the previous quarter (Q3 2023), and a 0.43% increase year-over-year (Q4 2022).

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%.

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.

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.