VSE
Distributes aircraft parts and repairs engines, avionics, accessories, wheels, brakes, and other components.
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Profile
Distributes aftermarket aircraft parts and earns service revenue from component, engine, accessory, avionics, and wheel-and-brake repair, alongside rotable exchange and supply-chain support. One Aviation segment serves commercial, cargo, business and general aviation, rotorcraft, and defense customers through a global repair and distribution network.
Supplies aftermarket aircraft and airframe parts and repairs engines, auxiliary power units, avionics, fuel controls, pneumatics, hydraulics, wheels, brakes, and other components. Rotable exchange, supply-chain support, OEM-licensed manufacturing, and proprietary repair solutions extend the offering across commercial, cargo, business and general aviation, rotorcraft, and defense markets worldwide.
Operates as one Aviation segment after selling the Federal and Defense and Fleet businesses. A global network of repair facilities and distribution centers combines stocked parts, technical repair capability, and OEM programs; Precision Aviation Group and NorthStar added avionics, engine services, logistics, and proprietary content. Operations depend on OEM relationships, parts availability, skilled technicians, third-party delivery networks, aviation approvals, and a material affiliated customer group.
Company facts
Key statistics
Year to date +19.0% · Average volume (30d) 374.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 11, 2026 | Deutsche Bank | Reiterate | Buy | $268 | $290 |
| Aug 9, 2026 | Jefferies | Reiterate | Buy | $260 | $275 |
| Aug 7, 2026 | RBC Capital | Reiterate | Outperform | $240 | $265 |
| Jul 15, 2026 | Morgan Stanley | Target | $245 | $230 | |
| Jul 7, 2026 | Jefferies | Reiterate | Buy | $245 | $260 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.93 | $1.75 | +87.4% | $425.0M | $449.1M | +5.7% | +4.50% |
| May 5, 2026Q1 FY26 | $0.93 | $1.17 | +25.8% | $309.2M | $324.6M | +5.0% | +16.92% |
| Feb 25, 2026Q4 FY25 | $0.88 | $1.16 | +31.8% | $289.6M | $301.2M | +4.0% | +3.17% |
| Oct 27, 2025Q3 FY25 | $0.84 | $0.99 | +17.9% | $283.3M | $282.9M | −0.2% | +1.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $256.0M | $272.1M | $282.9M | $301.2M | $324.6M | $449.1M | |
| Gross profit | $26.8M | $31.0M | $34.1M | $40.2M | $38.9M | $76.4M | |
| Operating income | $25.7M | $23.5M | $33.4M | $36.5M | $32.7M | $49.0M | |
| Net income | −$9.2M | $16.4M | $3.8M | $13.6M | $29.1M | $28.5M | |
| Diluted EPS | −$0.43 | $0.66 | $0.19 | $0.58 | $1.04 | $0.91 | |
| Gross margin | 10.5% | 11.4% | 12.0% | 13.4% | 12.0% | 17.0% | |
| Operating margin | 10.0% | 8.6% | 11.8% | 12.1% | 10.1% | 10.9% |
Fiscal years (4-quarter sums)FY21 $750.9M · FY22 $740.4M · FY23 $860.5M · FY24 $857.9M · FY25 $1.11B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $75.4M · Total debt $1.03B · Total assets $4.40B · Shareholders' equity $2.93B
Dividends
Raised for 27 straight years — most recently to $0.10 from $0.09 in Jan 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 15, 2026 | Jul 15 | Jul 29 | $0.10 | |
| Apr 15, 2026 | Apr 15 | Apr 29 | $0.10 | |
| Jan 15, 2026 | Jan 15 | Jan 29 | $0.10 | |
| Oct 15, 2025 | Oct 15 | Oct 29 | $0.10 | |
| Jul 16, 2025 | Jul 16 | Jul 30 | $0.10 | |
| May 1, 2025 | May 1 | May 15 | $0.10 | |
| Jan 23, 2025 | Jan 23 | Feb 6 | $0.10 | |
| Nov 6, 2024 | Nov 6 | Nov 20 | $0.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 28.06M · Float 27.56M · 98.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.63M | 16.51% | 13F | Aug 7, 2026 |
| T. Rowe Price Investment Management, Inc. | 2.10M | 7.49% | 13F | Aug 14, 2026 |
| State Street Corp | 2.06M | 7.35% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 1.45M | 5.18% | 13G | Jul 31, 2026 |
| Vanguard Portfolio Management LLC | 1.03M | 3.67% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | John A. Cuomo | director, officer: CEO and President | −17,500 | $242.49 |
| Jun 12, 2026 | Benjamin E. Thomas | officer: Chief Operating Officer | −6,500 | $196.82 |
Peers
- AAR
Broad aviation services peer in parts supply and MRO
- HEICO
Aerospace aftermarket parts and repair overlap
- StandardAero
Engine aftermarket MRO peer after recent repair buildout
- FTAI
Engine exchange and repair competitor in narrowbody aftermarket
- AerSale
USM, asset management, and component MRO overlap
- TransDigm Group
Proprietary aerospace parts rival in aftermarket components
- Boeing
OEM-backed parts distribution and services competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| VSE | $215.82 | −0.01% | $6.06B | 79.3 | 29.3 | 4.5 | +65.0% |
| AAR | $133.19 | +0.04% | $5.31B | 27.4 | 23.0 | 1.6 | +23.0% |
| HEICO | $336.53 | −0.01% | $46.89B | 56.1 | 50.6 | 9.1 | +23.1% |
| StandardAero | $26.00 | +4.00% | $8.32B | 25.8 | 17.0 | 1.3 | +4.6% |
| FTAI | $195.10 | +0.08% | $20.00B | 42.4 | 21.1 | 6.4 | +40.9% |
| AerSale | $5.63 | −0.09% | $266.0M | — | 21.3 | 0.9 | −33.9% |
| TransDigm Group | $1,185.97 | +0.05% | $66.34B | 36.0 | 25.4 | 6.6 | +22.6% |
| Boeing | $209.76 | −0.03% | $165.84B | 90.8 | 152.1 | 1.8 | +8.0% |
| Median | 39.2 | 23.0 | 1.8 | +22.6% |