V2X (VVX) Financials

$49.83 +0.40 (+0.81%)

As of 11:24 AM Eastern

Annual Income Statements for V2X

This table shows V2X's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	20	31	24	59	35	33	37	46	-14	-23	35
Consolidated Net Income / (Loss)	23	31	24	59	35	33	37	46	-14	-23	35
Net Income / (Loss) Continuing Operations	20	31	24	59	35	33	37	46	-14	-23	35
Total Pre-Tax Income	37	33	37	37	43	43	39	54	-6.11	-25	39
Total Operating Income	38	40	43	41	48	50	43	62	56	124	159
Total Gross Profit	115	106	107	102	114	128	124	160	295	335	343
Total Revenue	1,200	1,181	1,191	1,115	1,279	1,383	1,396	1,784	2,891	3,963	4,322
Operating Revenue	1,200	1,181	1,191	1,115	1,279	1,383	1,396	1,784	2,891	3,963	4,322
Total Cost of Revenue	1,085	1,075	1,084	1,013	1,165	1,255	1,271	1,623	2,596	3,628	3,979
Operating Cost of Revenue	1,085	1,075	1,084	1,013	1,165	1,255	1,271	1,623	2,596	3,628	3,979
Total Operating Expenses	80	66	64	61	66	78	81	98	239	210	184
Selling, General & Admin Expense	80	66	64	61	66	78	81	98	239	210	184
Total Other Income / (Expense), net	-1.53	-6.53	-5.64	-4.64	-5.07	-6.47	-4.79	-7.99	-62	-149	-120
Interest Expense	-	-	-	-	-	-	-	0.00	0.00	22	2.00
Interest & Investment Income	-1.53	-6.53	-5.64	-4.64	-5.07	-6.47	-4.79	-7.99	-62	-122	-108
Other Income / (Expense), net	-	-	-	-	-	-	-	0.00	0.00	-4.19	-10
Income Tax Expense	14	2.46	14	-23	7.90	10	1.73	8.31	8.22	-1.95	4.16
Basic Earnings per Share	$2.18	$2.94	$2.21	$5.40	$3.13	$2.90	$3.19	$3.91	($0.68)	($0.73)	$1.10
Weighted Average Basic Shares Outstanding	10.48M	10.55M	10.71M	11.02M	11.22M	11.44M	11.60M	11.71M	21.00M	31.08M	31.49M
Diluted Earnings per Share	$2.13	$2.86	$2.16	$5.31	$3.08	$2.86	$3.14	$3.86	($0.68)	($0.73)	$1.08
Weighted Average Diluted Shares Outstanding	10.69M	10.83M	10.97M	11.21M	11.38M	11.61M	11.75M	11.84M	21.00M	31.08M	31.97M
Weighted Average Basic & Diluted Shares Outstanding	10.50M	10.50M	10.70M	11M	11.20M	11.52M	11.63M	11.74M	30.93M	31.33M	31.57M

This table shows V2X's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-17	-11	-17	1.80	-6.40	-0.49	1.12	-6.54	15	25
Consolidated Net Income / (Loss)	-17	-11	-17	1.80	-6.40	-0.49	1.14	-6.54	15	25
Net Income / (Loss) Continuing Operations	-17	-11	-17	1.80	-6.40	-0.49	1.12	-6.54	15	25
Total Pre-Tax Income	-23	0.06	-23	2.01	-11	7.93	1.12	-8.11	20	26
Total Operating Income	4.49	31	31	34	21	39	30	27	50	52
Total Gross Profit	97	116	79	87	71	98	70	74	91	107
Total Revenue	958	978	943	978	1,002	1,040	1,011	1,072	1,082	1,158
Operating Revenue	958	978	943	978	1,002	1,040	1,011	1,072	1,082	1,158
Total Cost of Revenue	861	862	865	890	931	942	940	998	990	1,050
Operating Cost of Revenue	861	862	865	890	931	942	940	998	990	1,050
Total Operating Expenses	93	85	48	53	50	59	40	46	42	56
Selling, General & Admin Expense	93	85	48	53	50	59	40	46	42	56
Total Other Income / (Expense), net	-27	-31	-54	-32	-32	-31	-29	-36	-30	-25
Interest & Investment Income	-27	-31	-32	-32	-30	-28	-28	-29	-27	-24
Other Income / (Expense), net	0.00	-	0.00	-0.31	-2.02	-1.86	-1.63	-4.74	-3.20	-0.90
Income Tax Expense	-5.74	11	-5.74	0.21	-4.84	8.42	0.00	-1.57	4.49	1.24
Basic Earnings per Share	($0.57)	($1.24)	($0.57)	$0.06	($0.21)	($0.01)	$0.04	($0.21)	$0.48	$0.79
Weighted Average Basic Shares Outstanding	29.83M	21.00M	30.93M	31.03M	31.18M	31.08M	31.35M	31.47M	31.55M	31.49M
Diluted Earnings per Share	($0.57)	($1.23)	($0.57)	$0.06	($0.21)	($0.01)	$0.04	($0.21)	$0.47	$0.78
Weighted Average Diluted Shares Outstanding	29.83M	21.00M	30.93M	31.61M	31.18M	31.08M	31.79M	31.47M	31.97M	31.97M
Weighted Average Basic & Diluted Shares Outstanding	30.47M	30.93M	31.01M	31.19M	31.19M	31.33M	31.46M	31.56M	31.56M	31.57M

This table details how cash moves in and out of V2X's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	32	-2.83	7.66	30	-10	-31	33	-30	78	-43	196
Net Cash From Operating Activities	43	19	37	35	40	28	64	61	93	188	254
Net Cash From Continuing Operating Activities	43	19	37	35	40	28	64	61	93	188	254
Net Income / (Loss) Continuing Operations	23	31	24	59	35	33	37	46	-14	-23	35
Consolidated Net Income / (Loss)	23	31	24	59	35	33	37	46	-14	-23	35
Depreciation Expense	2.15	3.14	1.90	1.69	1.80	3.38	4.10	6.53	13	22	21
Amortization Expense	0.19	1.13	1.20	1.46	2.43	3.52	4.42	11	57	100	102
Non-Cash Adjustments To Reconcile Net Income	2.43	7.34	5.05	4.47	4.44	8.32	9.43	8.40	31	55	19
Changes in Operating Assets and Liabilities, net	15	-24	4.79	-32	-3.70	-21	9.19	-10	6.68	33	78
Net Cash From Investing Activities	-3.35	0.12	-0.05	-2.34	-47	-56	-138	-13	176	-23	-29
Net Cash From Continuing Investing Activities	-3.35	0.12	-0.05	-2.34	-47	-56	-138	-13	176	-23	-29
Purchase of Property, Plant & Equipment	-3.85	-0.79	-0.74	-2.34	-10	-16	-4.50	-9.78	-12	-25	-12
Acquisitions	-	-	0.00	0.00	-37	-45	-134	0.26	194	0.00	-17
Sale of Property, Plant & Equipment	0.50	0.39	0.12	0.00	0.03	5.40	0.08	0.02	0.01	0.02	0.08
Divestitures	-	-	-	-	-	-	0.00	0.00	-5.30	1.35	0.00
Sale and/or Maturity of Investments	0.00	0.52	0.57	-	-	-	-	-	0.00	1.01	0.00
Net Cash From Financing Activities	-6.61	-22	-28	-7.13	-3.29	-1.90	106	-76	-193	-211	-24
Net Cash From Continuing Financing Activities	-6.61	-22	-28	-7.13	-3.29	-1.90	106	-76	-193	-211	-24
Repayment of Debt	-29	-347	-103	-130	-211	-338	-206	-603	-584	-1,366	-1,283
Issuance of Debt	163	324	74	123	207	334	314	529	392	1,173	1,266
Other Financing Activities, net	-6.60	1.67	1.16	0.71	0.72	2.60	-1.90	-1.97	-1.59	-18	-7.98
Effect of Exchange Rate Changes	-0.65	-0.12	-0.85	3.87	-	-0.66	-	-	1.34	-	-5.42
Cash Interest Paid	1.20	6.05	5.28	5.89	4.97	6.23	3.72	5.80	54	117	108
Cash Income Taxes Paid	2.67	16	26	4.80	12	4.51	15	9.70	13	8.36	8.82

This table details how cash moves in and out of V2X's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024
Net Change in Cash & Equivalents	112	-31	-54	8.17	7.95	-5.61	-37	9.11	15	208
Net Cash From Operating Activities	72	1.94	-38	117	57	53	-57	26	63	223
Net Cash From Continuing Operating Activities	72	1.94	-38	117	57	53	-57	26	63	223
Net Income / (Loss) Continuing Operations	-17	-11	-17	1.80	-6.40	-0.49	1.14	-6.54	15	25
Consolidated Net Income / (Loss)	-17	-11	-17	1.80	-6.40	-0.49	1.14	-6.54	15	25
Depreciation Expense	5.43	4.81	5.41	5.91	5.21	5.88	6.24	5.63	4.57	4.31
Amortization Expense	28	24	25	25	25	25	25	26	25	25
Non-Cash Adjustments To Reconcile Net Income	14	12	35	8.07	6.47	5.89	5.16	11	1.98	1.18
Changes in Operating Assets and Liabilities, net	42	-29	-86	76	27	16	-94	-10	16	167
Net Cash From Investing Activities	192	-10	-9.08	-2.46	-4.17	-6.94	-25	-0.73	-2.19	-1.03
Net Cash From Continuing Investing Activities	192	-10	-9.08	-2.46	-4.17	-6.94	-25	-0.73	-2.19	-1.03
Purchase of Property, Plant & Equipment	-4.74	-4.19	-9.08	-2.47	-5.02	-8.46	-7.78	-0.74	-2.19	-1.09
Sale of Property, Plant & Equipment	0.00	-0.01	0.00	0.01	0.01	-	0.01	0.01	0.00	0.06
Net Cash From Financing Activities	-148	-28	-7.92	-106	-42	-55	46	-15	-48	-7.76
Net Cash From Continuing Financing Activities	-148	-28	-7.92	-106	-42	-55	46	-15	-48	-7.76
Repayment of Debt	-148	-28	-594	-308	-206	-258	-323	-289	-407	-265
Issuance of Debt	-	-	599	204	167	203	375	274	361	257
Other Financing Activities, net	-0.24	-0.02	-13	-1.81	-3.25	-0.13	-5.70	-0.07	-2.27	0.05
Cash Interest Paid	24	27	29	29	31	28	27	28	19	33
Cash Income Taxes Paid	4.23	3.07	0.30	2.41	2.54	3.11	1.01	6.93	1.22	-0.35

This table presents V2X's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	496	484	465	496	572	636	844	889	3,233	3,082	3,229
Total Current Assets	264	262	244	272	313	321	408	423	932	875	1,100
Cash & Equivalents	43	40	48	77	66	35	67	39	116	73	268
Accounts Receivable	210	212	183	188	232	269	315	349	729	706	710
Inventories, net	-	-	-	-	-	-	-	-	45	47	51
Prepaid Expenses	-	-	-	-	-	-	16	21	42	49	71
Plant, Property, & Equipment, net	8.92	4.76	3.06	3.73	13	19	23	24	79	85	62
Total Noncurrent Assets	224	218	218	220	245	297	413	442	2,222	2,122	2,067
Goodwill	217	217	217	217	234	262	340	322	1,654	1,657	1,657
Intangible Assets	-	-	-	0.12	8.63	15	48	67	498	408	323
Other Noncurrent Operating Assets	6.58	1.20	1.18	2.82	3.25	20	25	54	71	57	87
Total Liabilities & Shareholders' Equity	496	484	465	496	572	636	844	889	3,233	3,082	3,229
Total Liabilities	442	395	348	312	351	378	539	539	2,236	2,091	2,203
Total Current Liabilities	205	213	188	182	225	245	288	358	783	840	996
Short-Term Debt	11	22	16	4.00	4.50	6.50	8.60	10	12	15	20
Accounts Payable	114	122	118	116	156	148	160	213	407	453	548
Accrued Expenses	37	25	18	19	22	37	41	55	197	214	262
Current Employee Benefit Liabilities	37	37	35	39	42	53	80	80	168	158	167
Total Noncurrent Liabilities	237	183	160	130	126	132	250	181	1,453	1,251	1,206
Long-Term Debt	122	90	68	73	69	63	169	94	1,263	1,100	1,087
Noncurrent Deferred & Payable Income Tax Liabilities	101	91	90	55	55	49	39	32	16	12	21
Other Noncurrent Operating Liabilities	14	1.61	2.56	1.46	1.46	20	42	55	174	139	98
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	54	89	117	183	221	259	305	350	997	991	1,026
Total Preferred & Common Equity	54	89	117	183	221	259	305	350	997	991	1,026
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	54	89	117	183	221	259	305	350	997	991	1,026
Common Stock	53	59	64	68	72	79	83	88	749	763	770
Retained Earnings	3.33	34	58	117	153	185	222	268	253	231	266
Accumulated Other Comprehensive Income / (Loss)	-2.53	-3.74	-4.58	-1.68	-3.16	-5.08	-0.03	-5.90	-5.53	-2.69	-9.42

This table presents V2X's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/29/2023	3/29/2024	6/28/2024	9/27/2024
Total Assets	3,168	3,209	3,179	3,126	3,140	3,151	3,126
Total Current Assets	925	926	919	894	954	977	982
Cash & Equivalents	144	62	70	78	36	45	60
Accounts Receivable	691	760	747	715	788	782	766
Prepaid Expenses	74	78	78	81	129	150	156
Plant, Property, & Equipment, net	76	82	82	83	93	70	66
Total Noncurrent Assets	2,167	2,201	2,178	2,150	2,093	2,104	2,078
Goodwill	1,538	1,656	1,657	1,657	1,648	1,656	1,653
Intangible Assets	560	475	453	430	389	367	346
Other Noncurrent Operating Assets	70	70	68	62	55	81	79
Total Liabilities & Shareholders' Equity	3,168	3,209	3,179	3,126	3,140	3,151	3,126
Total Liabilities	2,180	2,231	2,186	2,137	2,146	2,159	2,124
Total Current Liabilities	718	760	832	830	853	888	906
Short-Term Debt	12	16	16	16	15	17	17
Accounts Payable	386	403	416	438	431	462	538
Accrued Expenses	172	198	255	238	267	242	235
Current Employee Benefit Liabilities	148	144	145	139	139	166	116
Total Noncurrent Liabilities	1,462	1,471	1,354	1,307	1,293	1,271	1,217
Long-Term Debt	1,287	1,292	1,190	1,153	1,154	1,142	1,097
Noncurrent Deferred & Payable Income Tax Liabilities	50	9.93	14	9.09	14	11	12
Other Noncurrent Operating Liabilities	125	169	150	145	125	118	108
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	988	978	993	989	994	992	1,003
Total Preferred & Common Equity	988	978	993	989	994	992	1,003
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	988	978	993	989	994	992	1,003
Common Stock	736	748	754	757	762	768	767
Retained Earnings	264	236	238	231	232	225	241
Accumulated Other Comprehensive Income / (Loss)	-11	-5.92	0.57	0.66	-0.18	-1.80	-4.95

This table displays calculated financial ratios and metrics derived from V2X's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-20.62%	-1.61%	0.83%	-6.36%	14.73%	8.09%	0.94%	27.81%	62.07%	37.09%	9.06%
EBITDA Growth	-69.58%	8.54%	3.83%	-3.38%	17.82%	8.16%	-8.06%	52.90%	58.78%	92.23%	11.71%
EBIT Growth	-70.75%	4.02%	7.17%	-3.75%	16.58%	3.32%	-12.44%	42.66%	-10.08%	115.56%	23.72%
NOPAT Growth	-71.83%	55.85%	-26.42%	146.10%	-41.49%	-2.75%	8.87%	26.38%	-25.62%	123.08%	63.24%
Net Income Growth	-72.97%	35.78%	-23.63%	151.52%	-41.03%	-5.44%	11.38%	23.75%	-131.34%	-57.52%	253.65%
EPS Growth	-73.57%	34.27%	-24.48%	145.83%	-42.00%	-7.14%	9.79%	22.93%	-117.62%	-7.35%	247.95%
Operating Cash Flow Growth	-53.68%	-56.07%	93.95%	-3.30%	13.12%	-31.20%	132.54%	-4.28%	52.42%	101.05%	35.26%
Free Cash Flow Firm Growth	161.86%	-64.83%	65.82%	6.96%	-117.28%	-306.24%	-201.90%	163.12%	-3,512.60%	112.29%	48.64%
Invested Capital Growth	-19.89%	11.05%	-4.72%	19.43%	24.93%	28.10%	41.11%	0.64%	417.92%	-5.65%	-8.28%
Revenue Q/Q Growth	0.00%	2.49%	-1.90%	0.69%	2.69%	2.66%	-0.70%	3.73%	23.96%	1.59%	2.79%
EBITDA Q/Q Growth	0.00%	11.06%	-6.55%	5.82%	4.01%	7.62%	-3.39%	-1.77%	56.99%	2.32%	5.17%
EBIT Q/Q Growth	0.00%	8.54%	-6.01%	4.36%	4.58%	7.05%	-4.24%	-5.64%	60.44%	2.83%	10.38%
NOPAT Q/Q Growth	0.00%	8.74%	-6.89%	166.22%	-47.64%	1.69%	18.01%	-14.69%	-40.28%	6.42%	117.89%
Net Income Q/Q Growth	0.00%	9.28%	-6.15%	166.35%	-47.43%	2.25%	19.92%	-16.89%	-479.50%	30.97%	278.69%
EPS Q/Q Growth	0.00%	10.85%	-6.49%	165.50%	-47.97%	1.42%	19.85%	-17.34%	-158.12%	62.56%	272.41%
Operating Cash Flow Q/Q Growth	-67.68%	47.01%	-13.47%	38.69%	84.88%	-53.96%	74.30%	-23.14%	-6.05%	37.09%	203.04%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-8.99%	56.61%	67.30%	-657.27%	-371.80%	175.87%	-2.32%	46.89%	252.13%
Invested Capital Q/Q Growth	0.00%	0.93%	1.93%	20.61%	-7.16%	4.96%	44.91%	0.88%	0.74%	-2.19%	-9.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	9.62%	8.95%	8.98%	9.15%	8.95%	9.26%	8.90%	8.99%	10.21%	8.45%	7.94%
EBITDA Margin	3.40%	3.75%	3.86%	3.98%	4.09%	4.09%	3.73%	4.46%	4.37%	6.12%	6.27%
Operating Margin	3.20%	3.38%	3.60%	3.70%	3.76%	3.59%	3.12%	3.48%	1.93%	3.14%	3.68%
EBIT Margin	3.20%	3.38%	3.60%	3.70%	3.76%	3.59%	3.12%	3.48%	1.93%	3.03%	3.44%
Profit (Net Income) Margin	1.90%	2.62%	1.99%	5.34%	2.74%	2.40%	2.65%	2.56%	-0.50%	-0.57%	0.80%
Tax Burden Percent	61.84%	92.65%	63.61%	162.65%	81.63%	76.83%	95.53%	84.63%	234.61%	92.07%	89.30%
Interest Burden Percent	96.03%	83.66%	86.83%	88.74%	89.45%	86.97%	88.98%	87.13%	-10.95%	-20.39%	26.11%
Effective Tax Rate	38.16%	7.35%	36.39%	-62.65%	18.37%	23.17%	4.47%	15.37%	0.00%	0.00%	10.70%
Return on Invested Capital (ROIC)	14.58%	24.21%	17.34%	39.85%	19.05%	14.62%	11.75%	12.65%	3.04%	4.16%	7.29%
ROIC Less NNEP Spread (ROIC-NNEP)	12.24%	16.77%	10.67%	-2.43%	-95.14%	-9.21%	5.34%	4.92%	-5.68%	-5.80%	-4.13%
Return on Net Nonoperating Assets (RNNOA)	4.02%	19.05%	5.55%	-0.29%	-1.70%	-0.80%	1.35%	1.31%	-5.16%	-6.43%	-3.85%
Return on Equity (ROE)	18.61%	43.26%	22.89%	39.56%	17.34%	13.82%	13.11%	13.96%	-2.13%	-2.27%	3.44%
Cash Return on Invested Capital (CROIC)	36.67%	13.74%	22.17%	22.15%	-3.13%	-10.02%	-22.34%	12.01%	-132.23%	9.98%	15.93%
Operating Return on Assets (OROA)	7.80%	8.15%	9.02%	8.58%	9.00%	8.22%	5.87%	7.16%	2.71%	3.81%	4.71%
Return on Assets (ROA)	4.63%	6.32%	4.98%	12.38%	6.57%	5.49%	4.99%	5.28%	-0.70%	-0.71%	1.10%
Return on Common Equity (ROCE)	18.61%	43.26%	22.89%	39.56%	17.34%	13.82%	13.11%	13.96%	-2.13%	-2.27%	3.44%
Return on Equity Simple (ROE_SIMPLE)	42.34%	34.68%	20.15%	32.45%	15.85%	12.82%	12.12%	13.06%	-1.44%	-2.28%	3.38%
Net Operating Profit after Tax (NOPAT)	24	37	27	67	39	38	42	52	39	87	142
NOPAT Margin	1.98%	3.14%	2.29%	6.01%	3.07%	2.76%	2.98%	2.94%	1.35%	2.20%	3.29%
Net Nonoperating Expense Percent (NNEP)	2.34%	7.44%	6.67%	42.28%	114.19%	23.83%	6.41%	7.73%	8.72%	9.96%	11.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	1.72%	4.13%	6.66%
Cost of Revenue to Revenue	90.38%	91.05%	91.02%	90.85%	91.05%	90.74%	91.10%	91.01%	89.80%	91.55%	92.07%
SG&A Expenses to Revenue	6.70%	5.56%	5.38%	5.45%	5.19%	5.66%	5.78%	5.52%	8.28%	5.31%	4.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.70%	5.56%	5.38%	5.45%	5.19%	5.66%	5.78%	5.52%	8.28%	5.31%	4.25%
Earnings before Interest and Taxes (EBIT)	38	40	43	41	48	50	43	62	56	120	149
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	41	44	46	44	52	57	52	79	126	243	271
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.33	2.48	2.19	1.87	1.10	2.28	1.90	1.53	1.26	1.46	1.47
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.24	0.19	0.22	0.31	0.19	0.43	0.41	0.30	0.44	0.37	0.35
Price to Earnings (P/E)	14.69	7.15	10.86	5.76	6.93	17.78	15.64	11.74	0.00	0.00	43.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	6.81%	13.99%	9.21%	17.35%	14.44%	5.62%	6.39%	8.52%	0.00%	0.00%	2.30%
Enterprise Value to Invested Capital (EV/IC)	2.61	1.82	1.91	1.87	1.09	2.13	1.66	1.45	1.12	1.23	1.26
Enterprise Value to Revenue (EV/Rev)	0.32	0.25	0.25	0.31	0.20	0.45	0.49	0.34	0.84	0.63	0.54
Enterprise Value to EBITDA (EV/EBITDA)	9.28	6.62	6.38	7.72	4.79	11.04	13.21	7.59	19.15	10.27	8.67
Enterprise Value to EBIT (EV/EBIT)	9.84	7.33	6.84	8.31	5.21	12.57	15.79	9.72	43.33	20.72	15.79
Enterprise Value to NOPAT (EV/NOPAT)	15.91	7.91	10.75	5.11	6.39	16.36	16.53	11.49	61.90	28.61	16.52
Enterprise Value to Operating Cash Flow (EV/OCF)	8.80	15.52	8.00	9.68	6.25	22.65	10.71	9.83	25.85	13.26	9.24
Enterprise Value to Free Cash Flow (EV/FCFF)	6.33	13.95	8.41	9.20	0.00	0.00	0.00	12.10	0.00	11.92	7.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.48	1.25	0.71	0.42	0.33	0.27	0.58	0.30	1.28	1.13	1.08
Long-Term Debt to Equity	2.27	1.00	0.58	0.40	0.31	0.24	0.55	0.27	1.27	1.11	1.06
Financial Leverage	0.33	1.14	0.52	0.12	0.02	0.09	0.25	0.27	0.91	1.11	0.93
Leverage Ratio	4.02	6.85	4.59	3.19	2.64	2.52	2.63	2.65	3.06	3.18	3.13
Compound Leverage Factor	3.86	5.73	3.99	2.84	2.36	2.19	2.34	2.31	-0.34	-0.65	0.82
Debt to Total Capital	71.30%	55.55%	41.59%	29.63%	24.97%	21.18%	36.77%	23.01%	56.11%	52.96%	51.91%
Short-Term Debt to Total Capital	6.06%	10.95%	7.84%	1.54%	1.53%	1.98%	1.78%	2.29%	0.52%	0.73%	0.94%
Long-Term Debt to Total Capital	65.24%	44.60%	33.75%	28.10%	23.44%	19.20%	34.99%	20.73%	55.59%	52.23%	50.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.70%	44.45%	58.41%	70.37%	75.03%	78.82%	63.23%	76.99%	43.89%	47.04%	48.09%
Debt to EBITDA	3.28	2.52	1.82	1.74	1.41	1.23	3.41	1.32	10.10	4.60	4.09
Net Debt to EBITDA	2.23	1.62	0.78	-0.01	0.14	0.61	2.09	0.83	9.18	4.30	3.10
Long-Term Debt to EBITDA	3.01	2.03	1.48	1.65	1.32	1.11	3.25	1.19	10.01	4.54	4.01
Debt to NOPAT	5.63	3.01	3.07	1.15	1.88	1.82	4.27	1.99	32.65	12.81	7.79
Net Debt to NOPAT	3.83	1.93	1.32	0.00	0.19	0.90	2.62	1.26	29.68	11.98	5.90
Long-Term Debt to NOPAT	5.16	2.42	2.49	1.09	1.76	1.65	4.06	1.80	32.35	12.63	7.65
Altman Z-Score	3.21	3.27	3.63	3.73	3.49	3.92	3.01	3.34	1.45	1.95	2.06
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.28	1.23	1.30	1.49	1.39	1.31	1.42	1.18	1.19	1.04	1.10
Quick Ratio	1.23	1.18	1.23	1.46	1.33	1.24	1.32	1.08	1.08	0.93	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	60	21	35	37	-6.44	-26	-79	50	-1,700	209	311
Operating Cash Flow to CapEx	1,282.96%	4,650.25%	5,858.88%	1,510.67%	400.88%	256.32%	1,451.11%	628.47%	753.02%	751.72%	2,170.92%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	9.37	155.47
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.43	127.25
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.31	121.38
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.44	2.41	2.51	2.32	2.40	2.29	1.89	2.06	1.40	1.26	1.37
Accounts Receivable Turnover	5.41	5.60	6.03	6.01	6.09	5.52	4.78	5.38	5.37	5.53	6.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	78.91	81.31
Fixed Asset Turnover	132.17	172.59	304.36	328.17	149.14	85.70	67.39	77.00	56.42	48.29	58.63
Accounts Payable Turnover	9.68	9.07	9.01	8.66	8.55	8.24	8.27	8.72	8.38	8.44	7.95
Days Sales Outstanding (DSO)	67.46	65.17	60.53	60.71	59.91	66.17	76.39	67.89	68.00	66.06	59.79
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.63	4.49
Days Payable Outstanding (DPO)	37.73	40.22	40.50	42.16	42.67	44.28	44.15	41.84	43.54	43.25	45.89
Cash Conversion Cycle (CCC)	29.73	24.95	20.03	18.55	17.24	21.89	32.23	26.06	24.47	27.44	18.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	145	161	153	183	229	293	414	416	2,156	2,034	1,865
Invested Capital Turnover	7.37	7.72	7.58	6.63	6.21	5.30	3.95	4.30	2.25	1.89	2.22
Increase / (Decrease) in Invested Capital	-36	16	-7.59	30	46	64	120	2.66	1,739	-122	-168
Enterprise Value (EV)	378	293	293	343	251	624	687	603	2,417	2,492	2,349
Market Capitalization	287	221	257	343	243	590	578	537	1,258	1,449	1,510
Book Value per Share	$5.14	$8.43	$10.90	$16.50	$19.65	$22.49	$26.23	$29.85	$32.73	$31.77	$32.51
Tangible Book Value per Share	($15.57)	($12.04)	($9.24)	($3.03)	($1.86)	($1.57)	($7.13)	($3.26)	($37.90)	($34.42)	($30.22)
Total Capital	188	201	201	261	295	328	482	455	2,272	2,106	2,134
Total Debt	134	112	84	77	74	70	177	105	1,275	1,116	1,107
Total Long-Term Debt	122	90	68	73	69	63	169	94	1,263	1,100	1,087
Net Debt	91	72	36	-0.24	7.49	34	109	66	1,159	1,043	839
Capital Expenditures (CapEx)	3.35	0.41	0.63	2.34	9.99	11	4.42	9.76	12	25	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	27	31	24	16	27	47	60	37	45	-23	-144
Debt-free Net Working Capital (DFNWC)	70	71	72	94	93	82	129	75	161	50	124
Net Working Capital (NWC)	58	49	56	90	88	76	120	65	149	35	104
Net Nonoperating Expense (NNE)	0.94	6.05	3.59	7.55	4.14	4.97	4.58	6.76	53	110	107
Net Nonoperating Obligations (NNO)	91	72	36	-0.24	7.49	34	109	66	1,159	1,043	839
Total Depreciation and Amortization (D&A)	2.33	4.27	3.10	3.15	4.22	6.89	8.51	17	70	122	122
Debt-free, Cash-free Net Working Capital to Revenue	2.23%	2.63%	2.05%	1.46%	2.09%	3.38%	4.29%	2.07%	1.54%	-0.57%	-3.34%
Debt-free Net Working Capital to Revenue	5.80%	6.01%	6.05%	8.41%	7.26%	5.93%	9.21%	4.23%	5.56%	1.26%	2.87%
Net Working Capital to Revenue	4.85%	4.15%	4.73%	8.05%	6.91%	5.46%	8.60%	3.65%	5.15%	0.87%	2.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.18	$2.94	$2.21	$5.40	$3.14	$3.03	$3.19	$3.91	($0.68)	($0.73)	$1.10
Adjusted Weighted Average Basic Shares Outstanding	10.48M	10.55M	10.71M	11.02M	11.22M	11.44M	11.60M	11.71M	21.00M	31.08M	31.49M
Adjusted Diluted Earnings per Share	$2.13	$2.86	$2.16	$5.31	$3.10	$2.99	$3.14	$3.86	($0.68)	($0.73)	$1.08
Adjusted Weighted Average Diluted Shares Outstanding	10.69M	10.83M	10.97M	11.21M	11.38M	11.61M	11.75M	11.84M	21.00M	31.08M	31.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	10.53M	10.64M	10.89M	11.12M	11.27M	11.52M	11.63M	11.74M	30.93M	31.33M	31.57M
Normalized Net Operating Profit after Tax (NOPAT)	24	37	27	29	39	38	42	52	39	87	142
Normalized NOPAT Margin	1.98%	3.14%	2.29%	2.59%	3.07%	2.76%	2.98%	2.94%	1.35%	2.20%	3.29%
Pre Tax Income Margin	3.07%	2.83%	3.12%	3.28%	3.36%	3.12%	2.77%	3.03%	-0.21%	-0.62%	0.90%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.39	74.44
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.91	71.15
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.27	68.58
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.78	65.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	597.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	597.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from V2X's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/29/2023	12/31/2023	3/29/2024	6/28/2024	9/27/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	108.56%	133.23%	106.69%	96.33%	4.52%	6.35%	7.11%	9.65%	8.00%	11.29%
EBITDA Growth	115.64%	316.27%	554.77%	241.51%	30.53%	12.13%	-2.41%	-16.37%	56.33%	18.98%
EBIT Growth	-65.19%	209.73%	483.90%	126.08%	323.78%	18.19%	-6.15%	-33.18%	145.54%	38.16%
NOPAT Growth	-74.02%	-64,192.22%	409.09%	154.75%	368.89%	99.96%	41.70%	-37.44%	160.96%	2,154.39%
Net Income Growth	-266.10%	-241.80%	-712.26%	-82.82%	62.44%	95.37%	106.54%	-463.76%	335.17%	5,188.01%
EPS Growth	-165.52%	-298.39%	-337.50%	-93.18%	63.16%	99.19%	107.02%	-450.00%	323.81%	7,900.00%
Operating Cash Flow Growth	82.77%	-75.68%	-45.91%	153.45%	-20.70%	2,626.91%	-48.67%	-77.99%	9.85%	322.66%
Free Cash Flow Firm Growth	-1,397.89%	-116,994.70%	-42,219.23%	-5,487.79%	104.36%	101.57%	107.21%	102.47%	-18.31%	82.08%
Invested Capital Growth	418.63%	417.92%	394.21%	409.45%	-2.82%	-5.65%	-4.32%	-1.05%	-1.10%	-8.28%
Revenue Q/Q Growth	92.38%	2.09%	-3.55%	3.65%	2.42%	3.87%	-2.86%	6.10%	0.88%	7.04%
EBITDA Q/Q Growth	98.17%	60.36%	2.22%	6.04%	-24.26%	37.75%	-11.44%	-9.13%	41.58%	4.84%
EBIT Q/Q Growth	-70.13%	591.46%	-1.44%	11.05%	-44.01%	92.84%	-21.74%	-20.93%	105.76%	8.51%
NOPAT Q/Q Growth	-73.93%	-187,395.08%	100.36%	43.37%	-52.01%	-116.24%	1,368.39%	-36.70%	100.19%	27.83%
Net Income Q/Q Growth	-262.71%	37.68%	-64.63%	110.29%	-455.75%	92.31%	332.52%	-672.03%	330.00%	66.32%
EPS Q/Q Growth	-164.77%	-115.79%	53.66%	110.53%	-450.00%	95.24%	500.00%	-625.00%	323.81%	65.96%
Operating Cash Flow Q/Q Growth	56.30%	-97.31%	-2,088.22%	403.00%	-51.10%	-7.44%	-208.40%	144.87%	144.03%	256.14%
Free Cash Flow Firm Q/Q Growth	-5,630.74%	-342.09%	77.01%	4.16%	104.47%	59.00%	5.72%	-67.15%	47.93%	254.38%
Invested Capital Q/Q Growth	412.30%	0.74%	3.16%	-4.31%	-2.28%	-2.19%	4.62%	-1.04%	-2.34%	-9.29%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	10.13%	11.86%	8.36%	8.94%	7.06%	9.42%	6.95%	6.89%	8.45%	9.28%
EBITDA Margin	3.92%	6.16%	6.48%	6.63%	4.90%	6.50%	5.90%	5.05%	7.09%	6.95%
Operating Margin	0.47%	3.17%	3.24%	3.50%	2.10%	3.70%	3.00%	2.56%	4.61%	4.45%
EBIT Margin	0.47%	3.17%	3.24%	3.47%	1.90%	3.52%	2.84%	2.12%	4.32%	4.38%
Profit (Net Income) Margin	-1.78%	-1.09%	-1.85%	0.18%	-0.64%	-0.05%	0.11%	-0.61%	1.39%	2.16%
Tax Burden Percent	74.80%	-18,960.71%	75.29%	89.55%	56.95%	-6.21%	101.78%	80.65%	77.04%	95.20%
Interest Burden Percent	-507.64%	0.18%	-75.92%	5.92%	-59.10%	21.62%	3.92%	-35.76%	41.85%	51.90%
Effective Tax Rate	0.00%	19,060.71%	0.00%	10.45%	0.00%	106.21%	0.00%	0.00%	22.96%	4.72%
Return on Invested Capital (ROIC)	0.60%	-1,351.98%	5.73%	9.51%	2.72%	-0.43%	5.56%	3.49%	7.22%	9.41%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.70%	-393.05%	-0.07%	4.65%	0.83%	-0.26%	3.11%	1.20%	5.04%	6.85%
Return on Net Nonoperating Assets (RNNOA)	-2.48%	-357.33%	-0.07%	4.08%	0.95%	-0.29%	3.75%	1.36%	5.43%	6.39%
Return on Equity (ROE)	-1.88%	-1,709.32%	5.67%	13.59%	3.67%	-0.73%	9.31%	4.85%	12.65%	15.80%
Cash Return on Invested Capital (CROIC)	-130.22%	-132.23%	-128.44%	-128.85%	6.74%	9.98%	8.41%	4.93%	4.27%	15.93%
Operating Return on Assets (OROA)	0.54%	4.45%	5.33%	6.56%	2.35%	4.42%	3.61%	2.76%	5.81%	5.99%
Return on Assets (ROA)	-2.04%	-1.52%	-3.05%	0.35%	-0.79%	-0.06%	0.14%	-0.80%	1.87%	2.96%
Return on Common Equity (ROCE)	-1.88%	-1,709.32%	5.67%	13.59%	3.67%	-0.73%	9.31%	4.85%	12.65%	15.80%
Return on Equity Simple (ROE_SIMPLE)	0.38%	0.00%	-3.54%	-4.37%	-3.31%	0.00%	-0.40%	-1.24%	0.91%	0.00%
Net Operating Profit after Tax (NOPAT)	3.14	-5,883	21	31	15	-2.39	30	19	38	49
NOPAT Margin	0.33%	-601.41%	2.27%	3.14%	1.47%	-0.23%	3.00%	1.79%	3.55%	4.24%
Net Nonoperating Expense Percent (NNEP)	3.30%	-958.93%	5.80%	4.86%	1.88%	-0.17%	2.45%	2.29%	2.18%	2.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-258.95%	-	-	-	-0.11%	-	-	-	2.30%
Cost of Revenue to Revenue	89.87%	88.14%	91.64%	91.06%	92.94%	90.58%	93.05%	93.11%	91.55%	90.72%
SG&A Expenses to Revenue	9.66%	8.68%	5.11%	5.43%	4.96%	5.71%	3.95%	4.33%	3.84%	4.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.66%	8.68%	5.11%	5.43%	4.96%	5.71%	3.95%	4.33%	3.84%	4.82%
Earnings before Interest and Taxes (EBIT)	4.49	31	31	34	19	37	29	23	47	51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	38	60	61	65	49	68	60	54	77	80
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.09	1.26	1.26	1.55	1.63	1.46	1.47	1.52	1.75	1.47
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.46	0.44	0.36	0.40	0.41	0.37	0.36	0.37	0.42	0.35
Price to Earnings (P/E)	285.39	0.00	0.00	0.00	0.00	0.00	0.00	0.00	191.81	43.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.52%	2.30%
Enterprise Value to Invested Capital (EV/IC)	1.04	1.12	1.11	1.26	1.30	1.23	1.22	1.25	1.36	1.26
Enterprise Value to Revenue (EV/Rev)	0.96	0.84	0.73	0.69	0.69	0.63	0.64	0.64	0.67	0.54
Enterprise Value to EBITDA (EV/EBITDA)	27.73	19.15	13.94	11.95	11.39	10.27	10.79	11.40	10.89	8.67
Enterprise Value to EBIT (EV/EBIT)	64.12	43.33	30.50	26.62	23.11	20.72	21.95	24.49	20.83	15.79
Enterprise Value to NOPAT (EV/NOPAT)	34.10	61.90	43.57	38.03	33.01	28.61	29.88	31.93	43.02	16.52
Enterprise Value to Operating Cash Flow (EV/OCF)	22.40	25.85	30.40	17.58	19.70	13.26	15.35	33.50	33.46	9.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	18.99	11.92	14.20	25.11	31.82	7.56
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.31	1.28	1.34	1.21	1.18	1.13	1.18	1.17	1.11	1.08
Long-Term Debt to Equity	1.30	1.27	1.32	1.20	1.17	1.11	1.16	1.15	1.09	1.06
Financial Leverage	0.92	0.91	1.01	0.88	1.13	1.11	1.21	1.13	1.08	0.93
Leverage Ratio	3.05	3.06	3.08	3.01	3.18	3.18	3.22	3.19	3.14	3.13
Compound Leverage Factor	-15.51	0.01	-2.34	0.18	-1.88	0.69	0.13	-1.14	1.31	1.62
Debt to Total Capital	56.79%	56.11%	57.20%	54.84%	54.16%	52.96%	54.07%	53.87%	52.63%	51.91%
Short-Term Debt to Total Capital	0.52%	0.52%	0.68%	0.71%	0.72%	0.73%	0.71%	0.78%	0.80%	0.94%
Long-Term Debt to Total Capital	56.27%	55.59%	56.52%	54.14%	53.44%	52.23%	53.36%	53.09%	51.83%	50.97%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.21%	43.89%	42.80%	45.16%	45.84%	47.04%	45.93%	46.13%	47.37%	48.09%
Debt to EBITDA	16.16	10.10	7.37	5.39	4.93	4.60	4.86	5.04	4.32	4.09
Net Debt to EBITDA	14.32	9.18	7.02	5.08	4.60	4.30	4.71	4.84	4.09	3.10
Long-Term Debt to EBITDA	16.01	10.01	7.28	5.32	4.86	4.54	4.80	4.96	4.26	4.01
Debt to NOPAT	19.87	32.65	23.03	17.16	14.28	12.81	13.46	14.11	17.07	7.79
Net Debt to NOPAT	17.61	29.68	21.93	16.16	13.32	11.98	13.05	13.56	16.15	5.90
Long-Term Debt to NOPAT	19.69	32.35	22.75	16.94	14.09	12.63	13.28	13.90	16.81	7.65
Altman Z-Score	1.23	1.43	1.58	1.81	1.85	1.86	1.86	1.89	2.03	1.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.19	1.22	1.10	1.08	1.04	1.12	1.10	1.08	1.10
Quick Ratio	1.16	1.08	1.08	0.98	0.96	0.93	0.97	0.93	0.91	0.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,724	-7,622	-1,752	-1,680	75	120	126	42	61	218
Operating Cash Flow to CapEx	1,518.32%	46.04%	-424.11%	4,737.29%	1,139.56%	623.88%	-736.50%	3,517.12%	2,866.15%	21,769.17%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-79.47	0.00	0.00	485.78	0.00	20.77	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-1.75	0.00	0.00	214.61	0.00	12.85	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-2.16	0.00	0.00	180.21	0.00	12.49	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.15	1.40	1.64	1.89	1.24	1.26	1.27	1.30	1.34	1.37
Accounts Receivable Turnover	4.54	5.37	5.94	6.88	5.55	5.53	5.21	5.40	5.68	6.10
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	78.91	0.00	0.00	0.00	81.31
Fixed Asset Turnover	46.87	56.42	63.52	72.91	49.11	48.29	45.88	54.08	56.57	58.63
Accounts Payable Turnover	7.10	8.38	9.54	10.53	8.62	8.44	8.89	8.67	7.93	7.95
Days Sales Outstanding (DSO)	80.45	68.00	61.45	53.06	65.79	66.06	70.11	67.63	64.31	59.79
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	4.63	0.00	0.00	0.00	4.49
Days Payable Outstanding (DPO)	51.40	43.54	38.25	34.65	42.36	43.25	41.06	42.08	46.00	45.89
Cash Conversion Cycle (CCC)	29.05	24.47	23.20	18.40	23.43	27.44	29.06	25.55	18.31	18.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,140	2,156	2,224	2,128	2,079	2,034	2,128	2,106	2,056	1,865
Invested Capital Turnover	1.83	2.25	2.53	3.03	1.85	1.89	1.85	1.95	2.03	2.22
Increase / (Decrease) in Invested Capital	1,727	1,739	1,774	1,710	-60	-122	-96	-22	-23	-168
Enterprise Value (EV)	2,229	2,417	2,474	2,672	2,701	2,492	2,597	2,622	2,807	2,349
Market Capitalization	1,078	1,258	1,228	1,537	1,611	1,449	1,463	1,509	1,753	1,510
Book Value per Share	$32.47	$32.73	$31.64	$32.02	$31.72	$31.77	$31.72	$31.53	$31.77	$32.51
Tangible Book Value per Share	($36.44)	($37.90)	($37.26)	($36.03)	($35.21)	($34.42)	($33.33)	($32.78)	($31.56)	($30.22)
Total Capital	2,287	2,272	2,286	2,198	2,158	2,106	2,163	2,150	2,116	2,134
Total Debt	1,299	1,275	1,307	1,206	1,169	1,116	1,170	1,158	1,114	1,107
Total Long-Term Debt	1,287	1,263	1,292	1,190	1,153	1,100	1,154	1,142	1,097	1,087
Net Debt	1,151	1,159	1,245	1,135	1,090	1,043	1,134	1,114	1,054	839
Capital Expenditures (CapEx)	4.74	4.21	9.08	2.46	5.01	8.46	7.77	0.73	2.19	1.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)	72	45	119	31	0.97	-23	81	61	33	-144
Debt-free Net Working Capital (DFNWC)	219	161	181	102	79	50	116	105	93	124
Net Working Capital (NWC)	208	149	166	86	64	35	101	88	76	104
Net Nonoperating Expense (NNE)	20	-5,872	39	29	21	-1.90	29	26	23	24
Net Nonoperating Obligations (NNO)	1,151	1,159	1,245	1,135	1,090	1,043	1,134	1,114	1,054	839
Total Depreciation and Amortization (D&A)	33	29	31	31	30	31	31	32	30	30
Debt-free, Cash-free Net Working Capital to Revenue	3.09%	1.54%	3.53%	0.81%	0.02%	-0.57%	2.00%	1.47%	0.79%	-3.34%
Debt-free Net Working Capital to Revenue	9.41%	5.56%	5.37%	2.64%	2.03%	1.26%	2.88%	2.55%	2.21%	2.87%
Net Working Capital to Revenue	8.90%	5.15%	4.91%	2.23%	1.63%	0.87%	2.50%	2.14%	1.81%	2.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.57)	($1.24)	($0.57)	$0.06	($0.21)	($0.01)	$0.04	($0.21)	$0.48	$0.79
Adjusted Weighted Average Basic Shares Outstanding	29.83M	21.00M	30.93M	31.03M	31.18M	31.08M	31.35M	31.47M	31.55M	31.49M
Adjusted Diluted Earnings per Share	($0.56)	($1.23)	($0.57)	$0.06	($0.21)	($0.01)	$0.04	($0.21)	$0.47	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	30.17M	21.00M	30.93M	31.61M	31.18M	31.08M	31.79M	31.47M	31.97M	31.97M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	30.47M	30.93M	31.01M	31.19M	31.19M	31.33M	31.46M	31.56M	31.56M	31.57M
Normalized Net Operating Profit after Tax (NOPAT)	3.14	22	21	31	15	27	21	19	38	49
Normalized NOPAT Margin	0.33%	2.22%	2.27%	3.14%	1.47%	2.59%	2.10%	1.79%	3.55%	4.24%
Pre Tax Income Margin	-2.38%	0.01%	-2.46%	0.21%	-1.12%	0.76%	0.11%	-0.76%	1.81%	2.27%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	1.39	0.00	0.00	149.06	0.00	11.36	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.97	0.00	0.00	-9.72	0.00	9.61	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.98	0.00	0.00	114.66	0.00	10.99	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.56	0.00	0.00	-44.12	0.00	9.24	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About V2X's Financials

When does V2X's fiscal year end?

According to the most recent income statement we have on file, V2X's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has V2X's net income changed over the last 10 years?

V2X's net income appears to be on a downward trend, with a most recent value of $34.68 million in 2024, rising from $22.81 million in 2014. The previous period was -$22.57 million in 2023. See V2X's forecast for analyst expectations on what’s next for the company.

What is V2X's operating income?

V2X's total operating income in 2024 was $159.20 million, based on the following breakdown:

Total Gross Profit: $342.96 million
Total Operating Expenses: $183.76 million

How has V2X revenue changed over the last 10 years?

Over the last 10 years, V2X's total revenue changed from $1.20 billion in 2014 to $4.32 billion in 2024, a change of 260.2%.

How much debt does V2X have?

V2X's total liabilities were at $2.20 billion at the end of 2024, a 5.3% increase from 2023, and a 398.2% increase since 2014.

How much cash does V2X have?

In the past 10 years, V2X's cash and equivalents has ranged from $35.32 million in 2019 to $268.32 million in 2024, and is currently $268.32 million as of their latest financial filing in 2024.

How has V2X's book value per share changed over the last 10 years?

Over the last 10 years, V2X's book value per share changed from 5.14 in 2014 to 32.51 in 2024, a change of 532.1%.

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This page (NYSE:VVX) was last updated on 5/5/2025 by MarketBeat.com Staff

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V2X (VVX) Financials

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