V2X
Runs readiness, logistics, communications, and platform-modernization programs for defense missions.
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Profile
Provides global mission support to defense and government customers through readiness, supply-chain, communications, mission-solutions, and platform-modernization contracts. Operates as one segment, with most revenue tied to U.S. government budgets, competitive awards, and contract execution.
Provides multi-domain high-impact readiness, integrated supply-chain management, assured communications, mission solutions, and platform renewal and modernization for defense, national-security, civilian, and international customers. Work ranges from training systems and deployed logistics to network lifecycle support, cybersecurity, infrastructure sustainment, aviation maintenance, and platform upgrades.
Operates worldwide as a single reportable segment, combining engineering, supply-chain, manufacturing, repair, and field-service capabilities. Executes complex, long-duration programs across dispersed and sometimes austere locations.
Generates the substantial majority of revenue from U.S. government customers, with the Army and Navy as the largest named customer groups. Results depend on appropriations, competitive awards and recompetes, program timing, contract-cost execution, qualified staffing, supplier performance, security clearances, and compliance with procurement, audit, export-control, cybersecurity, and classified-information rules.
Company facts
Categories
Key statistics
Year to date +40.0% · Average volume (30d) 744.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Morgan Stanley | Reiterate | Equal Weight | $80 | $90 | |
| Aug 4, 2026 | Truist Financial | Target | $65 | $85 | ||
| Aug 4, 2026 | Stifel Nicolaus | Target | $79 | $102 | ||
| Aug 4, 2026 | Baird | Downgrade | Outperform | Neutral | ||
| Jun 24, 2026 | Raymond James | Downgrade | Outperform | Market Perform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $1.44 | $1.64 | +13.9% | $1.21B | $1.26B | +4.0% | −8.82% |
| May 4, 2026Q1 FY26 | $1.24 | $1.53 | +23.4% | $1.13B | $1.25B | +11.4% | +12.80% |
| Feb 23, 2026Q4 FY25 | $1.33 | $1.56 | +17.3% | $1.21B | $1.22B | +0.4% | +3.03% |
| Nov 3, 2025Q3 FY25 | $1.23 | $1.37 | +11.4% | $1.21B | $1.17B | −3.8% | −2.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.08B | $1.17B | $1.22B | $1.25B | $1.26B | |
| Gross profit | $78.1M | $95.7M | $94.5M | $105.0M | $105.8M | $109.5M | |
| Operating income | $34.3M | $52.9M | $55.7M | $51.4M | $44.1M | $53.8M | |
| Net income | $8.1M | $22.4M | $24.6M | $22.8M | $18.9M | $25.5M | |
| Diluted EPS | $0.25 | $0.70 | $0.77 | $0.72 | $0.60 | $0.81 | |
| Gross margin | 7.7% | 8.9% | 8.1% | 8.6% | 8.4% | 8.7% | |
| Operating margin | 3.4% | 4.9% | 4.8% | 4.2% | 3.5% | 4.3% |
Fiscal years (4-quarter sums)FY21 $1.78B · FY22 $2.89B · FY23 $3.96B · FY24 $4.32B · FY25 $4.48B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jul 3, 2026Cash & short-term investments $214.3M · Total debt $1.06B · Total assets $3.20B · Shareholders' equity $1.13B
Dividends
No dividends on record.
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 31.31M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dino M. Cusumano · director | 5.75M | 18.36% | Form 4 | Nov 17, 2025 |
| FMR LLC | 4.41M | 14.10% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 2.54M | 8.13% | 13F | Aug 7, 2026 |
| American Industrial Partners Capital Fund VI, L.P. · 10 percent owner | 2.00M | 6.40% | Form 4 | Mar 16, 2026 |
| State Street Corp | 1.75M | 5.60% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Jeremy John Nance | officer: SVP and General Counsel | −3,500 | $82.01 |
| Aug 11, 2026 | Melvin Parker | director | −5,000 | $81.41 |
| Mar 12, 2026 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −2,545,432 | $68.21 |
| Dec 11, 2025 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −1,200,000 | $55.05 |
| Nov 13, 2025 | American Industrial Partners Capital Fund VI, L.P. | 10 percent owner | −2,250,000 | $55.00 |
Peers
- Amentum
Broad mission-services peer across logistics, engineering, and readiness.
- Leidos
Defense IT and mission-support peer with larger digital scale.
- Science Applications International
Federal tech-services peer across engineering, IT, and training.
- KBR
Mission-technology peer in logistics, readiness, and deployed support.
- General Dynamics
Defense-prime peer through GDIT and mission-systems services.
- Northrop Grumman
Defense-prime peer in mission systems, cyber, and sustainment.
- AAR
Aviation-services peer in MRO, parts, and government logistics.
- Fluor
Mission-solutions peer in government logistics and infrastructure.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| V2X | $77.69 | −0.12% | $2.43B | 26.8 | 12.0 | 0.5 | +16.5% |
| Amentum | $20.40 | +0.29% | $4.96B | 24.5 | 8.0 | 0.4 | −2.0% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| Science Applications International | $127.50 | +1.24% | $5.33B | 14.2 | 13.0 | 0.7 | +1.6% |
| KBR | $38.25 | +0.60% | $4.79B | 11.5 | 9.2 | 0.6 | +1.6% |
| General Dynamics | $376.45 | −0.75% | $102.63B | 23.1 | 21.7 | 1.9 | +8.1% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| AAR | $133.19 | +0.04% | $5.31B | 27.4 | 23.0 | 1.6 | +23.0% |
| Fluor | $53.27 | −0.05% | $7.44B | — | 16.5 | 0.5 | +8.8% |
| Median | 17.3 | 14.7 | 0.9 | +6.1% |