V2X (VVX) Financials

$45.29 -0.01 (-0.02%)

Closing price 05/30/2025 03:59 PM Eastern

Extended Trading

$45.65 +0.36 (+0.79%)

As of 05/30/2025 07:02 PM 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	35	-23	-14	46	37	33	35	59	24	31	20
Consolidated Net Income / (Loss)	35	-23	-14	46	37	33	35	59	24	31	23
Net Income / (Loss) Continuing Operations	35	-23	-14	46	37	33	35	59	24	31	20
Total Pre-Tax Income	39	-25	-6.11	54	39	43	43	37	37	33	37
Total Operating Income	159	124	56	62	43	50	48	41	43	40	38
Total Gross Profit	343	335	295	160	124	128	114	102	107	106	115
Total Revenue	4,322	3,963	2,891	1,784	1,396	1,383	1,279	1,115	1,191	1,181	1,200
Operating Revenue	4,322	3,963	2,891	1,784	1,396	1,383	1,279	1,115	1,191	1,181	1,200
Total Cost of Revenue	3,979	3,628	2,596	1,623	1,271	1,255	1,165	1,013	1,084	1,075	1,085
Operating Cost of Revenue	3,979	3,628	2,596	1,623	1,271	1,255	1,165	1,013	1,084	1,075	1,085
Total Operating Expenses	184	210	239	98	81	78	66	61	64	66	80
Selling, General & Admin Expense	184	210	239	98	81	78	66	61	64	66	80
Total Other Income / (Expense), net	-120	-149	-62	-7.99	-4.79	-6.47	-5.07	-4.64	-5.64	-6.53	-1.53
Interest Expense	2.00	22	0.00	0.00	-	-	-	-	-	-	-
Interest & Investment Income	-108	-122	-62	-7.99	-4.79	-6.47	-5.07	-4.64	-5.64	-6.53	-1.53
Other Income / (Expense), net	-10	-4.19	0.00	0.00	-	-	-	-	-	-	-
Income Tax Expense	4.16	-1.95	8.22	8.31	1.73	10	7.90	-23	14	2.46	14
Basic Earnings per Share	$1.10	($0.73)	($0.68)	$3.91	$3.19	$2.90	$3.13	$5.40	$2.21	$2.94	$2.18
Weighted Average Basic Shares Outstanding	31.49M	31.08M	21.00M	11.71M	11.60M	11.44M	11.22M	11.02M	10.71M	10.55M	10.48M
Diluted Earnings per Share	$1.08	($0.73)	($0.68)	$3.86	$3.14	$2.86	$3.08	$5.31	$2.16	$2.86	$2.13
Weighted Average Diluted Shares Outstanding	31.97M	31.08M	21.00M	11.84M	11.75M	11.61M	11.38M	11.21M	10.97M	10.83M	10.69M
Weighted Average Basic & Diluted Shares Outstanding	31.57M	31.33M	30.93M	11.74M	11.63M	11.52M	11.20M	11M	10.70M	10.50M	10.50M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	8.11	25	15	-6.54	1.12	-0.49	-6.40	1.80	-17	-11	-17
Consolidated Net Income / (Loss)	8.11	25	15	-6.54	1.14	-0.49	-6.40	1.80	-17	-11	-17
Net Income / (Loss) Continuing Operations	8.11	25	15	-6.54	1.12	-0.49	-6.40	1.80	-17	-11	-17
Total Pre-Tax Income	10	26	20	-8.11	1.12	7.93	-11	2.01	-23	0.06	-23
Total Operating Income	34	52	50	27	30	39	21	34	31	31	4.49
Total Gross Profit	78	107	91	74	70	98	71	87	79	116	97
Total Revenue	1,016	1,158	1,082	1,072	1,011	1,040	1,002	978	943	978	958
Operating Revenue	1,016	1,158	1,082	1,072	1,011	1,040	1,002	978	943	978	958
Total Cost of Revenue	938	1,050	990	998	940	942	931	890	865	862	861
Operating Cost of Revenue	938	1,050	990	998	940	942	931	890	865	862	861
Total Operating Expenses	44	56	42	46	40	59	50	53	48	85	93
Selling, General & Admin Expense	44	56	42	46	40	59	50	53	48	85	93
Total Other Income / (Expense), net	-24	-25	-30	-36	-29	-31	-32	-32	-54	-31	-27
Interest Expense	2.21	-	0.00	2.00	0.00	0.25	0.00	0.00	22	-	0.00
Interest & Investment Income	-20	-24	-27	-29	-28	-28	-30	-32	-32	-31	-27
Other Income / (Expense), net	-2.30	-0.90	-3.20	-4.74	-1.63	-1.86	-2.02	-0.31	0.00	-	0.00
Income Tax Expense	1.96	1.24	4.49	-1.57	0.00	8.42	-4.84	0.21	-5.74	11	-5.74
Basic Earnings per Share	$0.26	$0.79	$0.48	($0.21)	$0.04	($0.01)	($0.21)	$0.06	($0.57)	($1.24)	($0.57)
Weighted Average Basic Shares Outstanding	31.59M	31.49M	31.55M	31.47M	31.35M	31.08M	31.18M	31.03M	30.93M	21.00M	29.83M
Diluted Earnings per Share	$0.25	$0.78	$0.47	($0.21)	$0.04	($0.01)	($0.21)	$0.06	($0.57)	($1.23)	($0.57)
Weighted Average Diluted Shares Outstanding	32.02M	31.97M	31.97M	31.47M	31.79M	31.08M	31.18M	31.61M	30.93M	21.00M	29.83M
Weighted Average Basic & Diluted Shares Outstanding	31.68M	31.57M	31.56M	31.56M	31.46M	31.33M	31.19M	31.19M	31.01M	30.93M	30.47M

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

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	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-99	208	15	9.11	-37	-5.61	7.95	8.17	-54	-31	112
Net Cash From Operating Activities	-95	223	63	26	-57	53	57	117	-38	1.94	72
Net Cash From Continuing Operating Activities	-95	223	63	26	-57	53	57	117	-38	1.94	72
Net Income / (Loss) Continuing Operations	8.11	25	15	-6.54	1.14	-0.49	-6.40	1.80	-17	-11	-17
Consolidated Net Income / (Loss)	8.11	25	15	-6.54	1.14	-0.49	-6.40	1.80	-17	-11	-17
Depreciation Expense	4.25	4.31	4.57	5.63	6.24	5.88	5.21	5.91	5.41	4.81	5.43
Amortization Expense	25	25	25	26	25	25	25	25	25	24	28
Non-Cash Adjustments To Reconcile Net Income	4.92	1.18	1.98	11	5.16	5.89	6.47	8.07	35	12	14
Changes in Operating Assets and Liabilities, net	-138	167	16	-10	-94	16	27	76	-86	-29	42
Net Cash From Investing Activities	-2.61	-1.03	-2.19	-0.73	-25	-6.94	-4.17	-2.46	-9.08	-10	192
Net Cash From Continuing Investing Activities	-2.61	-1.03	-2.19	-0.73	-25	-6.94	-4.17	-2.46	-9.08	-10	192
Purchase of Property, Plant & Equipment	-2.70	-1.09	-2.19	-0.74	-7.78	-8.46	-5.02	-2.47	-9.08	-4.19	-4.74
Acquisitions	0.00	-	-	-	-17	-	-	-	0.00	-0.75	197
Sale of Property, Plant & Equipment	0.09	0.06	0.00	0.01	0.01	-	0.01	0.01	0.00	-0.01	0.00
Net Cash From Financing Activities	-3.80	-7.76	-48	-15	46	-55	-42	-106	-7.92	-28	-148
Net Cash From Continuing Financing Activities	-3.80	-7.76	-48	-15	46	-55	-42	-106	-7.92	-28	-148
Repayment of Debt	-142	-265	-407	-289	-323	-258	-206	-308	-594	-28	-148
Issuance of Debt	141	257	361	274	375	203	167	204	599	-	-
Issuance of Common Equity	0.08	-	0.01	0.15	0.00	-	0.00	0.00	0.01	-	-
Other Financing Activities, net	-2.65	0.05	-2.27	-0.07	-5.70	-0.13	-3.25	-1.81	-13	-0.02	-0.24
Effect of Exchange Rate Changes	2.61	-	-	-0.90	-1.52	-	-	-	-	5.01	-3.16
Cash Interest Paid	13	33	19	28	27	28	31	29	29	27	24
Cash Income Taxes Paid	0.32	-0.35	1.22	6.93	1.01	3.11	2.54	2.41	0.30	3.07	4.23

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

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	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/28/2025	9/27/2024	6/28/2024	3/29/2024	9/29/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	3,103	3,126	3,151	3,140	3,126	3,179	3,209	3,168
Total Current Assets	1,003	982	977	954	894	919	926	925
Cash & Equivalents	169	60	45	36	78	70	62	144
Accounts Receivable	705	766	782	788	715	747	760	691
Prepaid Expenses	128	156	150	129	81	78	78	74
Plant, Property, & Equipment, net	60	66	70	93	83	82	82	76
Total Noncurrent Assets	2,041	2,078	2,104	2,093	2,150	2,178	2,201	2,167
Goodwill	1,657	1,653	1,656	1,648	1,657	1,657	1,656	1,538
Intangible Assets	301	346	367	389	430	453	475	560
Other Noncurrent Operating Assets	83	79	81	55	62	68	70	70
Total Liabilities & Shareholders' Equity	3,103	3,126	3,151	3,140	3,126	3,179	3,209	3,168
Total Liabilities	2,068	2,124	2,159	2,146	2,137	2,186	2,231	2,180
Total Current Liabilities	867	906	888	853	830	832	760	718
Short-Term Debt	20	17	17	15	16	16	16	12
Accounts Payable	441	538	462	431	438	416	403	386
Accrued Expenses	282	235	242	267	238	255	198	172
Current Employee Benefit Liabilities	124	116	166	139	139	145	144	148
Total Noncurrent Liabilities	1,201	1,217	1,271	1,293	1,307	1,354	1,471	1,462
Long-Term Debt	1,090	1,097	1,142	1,154	1,153	1,190	1,292	1,287
Noncurrent Deferred & Payable Income Tax Liabilities	18	12	11	14	9.09	14	9.93	50
Other Noncurrent Operating Liabilities	92	108	118	125	145	150	169	125
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,036	1,003	992	994	989	993	978	988
Total Preferred & Common Equity	1,036	1,003	992	994	989	993	978	988
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,036	1,003	992	994	989	993	978	988
Common Stock	770	767	768	762	757	754	748	736
Retained Earnings	274	241	225	232	231	238	236	264
Accumulated Other Comprehensive Income / (Loss)	-7.74	-4.95	-1.80	-0.18	0.66	0.57	-5.92	-11

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

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

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/28/2025	12/31/2024	9/27/2024	6/28/2024	3/29/2024	12/31/2023	9/29/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.53%	11.29%	8.00%	9.65%	7.11%	6.35%	4.52%	96.33%	106.69%	133.23%	108.56%
EBITDA Growth	3.04%	18.98%	56.33%	-16.37%	-2.41%	12.13%	30.53%	241.51%	554.77%	316.27%	115.64%
EBIT Growth	11.52%	38.16%	145.54%	-33.18%	-6.15%	18.19%	323.78%	126.08%	483.90%	209.73%	-65.19%
NOPAT Growth	-8.96%	2,154.39%	160.96%	-37.44%	41.70%	99.96%	368.89%	154.75%	409.09%	-64,192.22%	-74.02%
Net Income Growth	608.65%	5,188.01%	335.17%	-463.76%	106.54%	95.37%	62.44%	-82.82%	-712.26%	-241.80%	-266.10%
EPS Growth	525.00%	7,900.00%	323.81%	-450.00%	107.02%	99.19%	63.16%	-93.18%	-337.50%	-298.39%	-165.52%
Operating Cash Flow Growth	-66.82%	322.66%	9.85%	-77.99%	-48.67%	2,626.91%	-20.70%	153.45%	-45.91%	-75.68%	82.77%
Free Cash Flow Firm Growth	41.61%	82.08%	-18.31%	102.47%	107.21%	101.57%	104.36%	-5,487.79%	-42,219.23%	-116,994.70%	-1,397.89%
Invested Capital Growth	-7.11%	-8.28%	-1.10%	-1.05%	-4.32%	-5.65%	-2.82%	409.45%	394.21%	417.92%	418.63%
Revenue Q/Q Growth	-12.25%	7.04%	0.88%	6.10%	-2.86%	3.87%	2.42%	3.65%	-3.55%	2.09%	92.38%
EBITDA Q/Q Growth	-23.51%	4.84%	41.58%	-9.13%	-11.44%	37.75%	-24.26%	6.04%	2.22%	60.36%	98.17%
EBIT Q/Q Growth	-36.83%	8.51%	105.76%	-20.93%	-21.74%	92.84%	-44.01%	11.05%	-1.44%	591.46%	-70.13%
NOPAT Q/Q Growth	-43.79%	27.83%	100.19%	-36.70%	1,368.39%	-116.24%	-52.01%	43.37%	100.36%	-187,395.08%	-73.93%
Net Income Q/Q Growth	-67.61%	66.32%	330.00%	-672.03%	332.52%	92.31%	-455.75%	110.29%	-64.63%	37.68%	-262.71%
EPS Q/Q Growth	-67.95%	65.96%	323.81%	-625.00%	500.00%	95.24%	-450.00%	110.53%	53.66%	-115.79%	-164.77%
Operating Cash Flow Q/Q Growth	-142.78%	256.14%	144.03%	144.87%	-208.40%	-7.44%	-51.10%	403.00%	-2,088.22%	-97.31%	56.30%
Free Cash Flow Firm Q/Q Growth	-17.77%	254.38%	47.93%	-67.15%	5.72%	59.00%	104.47%	4.16%	77.01%	-342.09%	-5,630.74%
Invested Capital Q/Q Growth	5.96%	-9.29%	-2.34%	-1.04%	4.62%	-2.19%	-2.28%	-4.31%	3.16%	0.74%	412.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	7.69%	9.28%	8.45%	6.89%	6.95%	9.42%	7.06%	8.94%	8.36%	11.86%	10.13%
EBITDA Margin	6.06%	6.95%	7.09%	5.05%	5.90%	6.50%	4.90%	6.63%	6.48%	6.16%	3.92%
Operating Margin	3.38%	4.45%	4.61%	2.56%	3.00%	3.70%	2.10%	3.50%	3.24%	3.17%	0.47%
EBIT Margin	3.15%	4.38%	4.32%	2.12%	2.84%	3.52%	1.90%	3.47%	3.24%	3.17%	0.47%
Profit (Net Income) Margin	0.80%	2.16%	1.39%	-0.61%	0.11%	-0.05%	-0.64%	0.18%	-1.85%	-1.09%	-1.78%
Tax Burden Percent	80.51%	95.20%	77.04%	80.65%	101.78%	-6.21%	56.95%	89.55%	75.29%	-18,960.71%	74.80%
Interest Burden Percent	31.47%	51.90%	41.85%	-35.76%	3.92%	21.62%	-59.10%	5.92%	-75.92%	0.18%	-507.64%
Effective Tax Rate	19.49%	4.72%	22.96%	0.00%	0.00%	106.21%	0.00%	10.45%	0.00%	19,060.71%	0.00%
Return on Invested Capital (ROIC)	5.73%	9.41%	7.22%	3.49%	5.56%	-0.43%	2.72%	9.51%	5.73%	-1,351.98%	0.60%
ROIC Less NNEP Spread (ROIC-NNEP)	3.85%	6.85%	5.04%	1.20%	3.11%	-0.26%	0.83%	4.65%	-0.07%	-393.05%	-2.70%
Return on Net Nonoperating Assets (RNNOA)	3.94%	6.39%	5.43%	1.36%	3.75%	-0.29%	0.95%	4.08%	-0.07%	-357.33%	-2.48%
Return on Equity (ROE)	9.67%	15.80%	12.65%	4.85%	9.31%	-0.73%	3.67%	13.59%	5.67%	-1,709.32%	-1.88%
Cash Return on Invested Capital (CROIC)	14.31%	15.93%	4.27%	4.93%	8.41%	9.98%	6.74%	-128.85%	-128.44%	-132.23%	-130.22%
Operating Return on Assets (OROA)	4.37%	5.99%	5.81%	2.76%	3.61%	4.42%	2.35%	6.56%	5.33%	4.45%	0.54%
Return on Assets (ROA)	1.11%	2.96%	1.87%	-0.80%	0.14%	-0.06%	-0.79%	0.35%	-3.05%	-1.52%	-2.04%
Return on Common Equity (ROCE)	9.67%	15.80%	12.65%	4.85%	9.31%	-0.73%	3.67%	13.59%	5.67%	-1,709.32%	-1.88%
Return on Equity Simple (ROE_SIMPLE)	4.02%	0.00%	0.91%	-1.24%	-0.40%	0.00%	-3.31%	-4.37%	-3.54%	0.00%	0.38%
Net Operating Profit after Tax (NOPAT)	28	49	38	19	30	-2.39	15	31	21	-5,883	3.14
NOPAT Margin	2.72%	4.24%	3.55%	1.79%	3.00%	-0.23%	1.47%	3.14%	2.27%	-601.41%	0.33%
Net Nonoperating Expense Percent (NNEP)	1.88%	2.56%	2.18%	2.29%	2.45%	-0.17%	1.88%	4.86%	5.80%	-958.93%	3.30%
Return On Investment Capital (ROIC_SIMPLE)	1.29%	2.30%	-	-	-	-0.11%	-	-	-	-258.95%	-
Cost of Revenue to Revenue	92.31%	90.72%	91.55%	93.11%	93.05%	90.58%	92.94%	91.06%	91.64%	88.14%	89.87%
SG&A Expenses to Revenue	4.31%	4.82%	3.84%	4.33%	3.95%	5.71%	4.96%	5.43%	5.11%	8.68%	9.66%
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	4.31%	4.82%	3.84%	4.33%	3.95%	5.71%	4.96%	5.43%	5.11%	8.68%	9.66%
Earnings before Interest and Taxes (EBIT)	32	51	47	23	29	37	19	34	31	31	4.49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	62	80	77	54	60	68	49	65	61	60	38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.51	1.47	1.75	1.52	1.47	1.46	1.63	1.55	1.26	1.26	1.09
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)	0.36	0.35	0.42	0.37	0.36	0.37	0.41	0.40	0.36	0.44	0.46
Price to Earnings (P/E)	37.54	43.52	191.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	285.39
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	2.66%	2.30%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.35%
Enterprise Value to Invested Capital (EV/IC)	1.27	1.26	1.36	1.25	1.22	1.23	1.30	1.26	1.11	1.12	1.04
Enterprise Value to Revenue (EV/Rev)	0.58	0.54	0.67	0.64	0.64	0.63	0.69	0.69	0.73	0.84	0.96
Enterprise Value to EBITDA (EV/EBITDA)	9.18	8.67	10.89	11.40	10.79	10.27	11.39	11.95	13.94	19.15	27.73
Enterprise Value to EBIT (EV/EBIT)	16.47	15.79	20.83	24.49	21.95	20.72	23.11	26.62	30.50	43.33	64.12
Enterprise Value to NOPAT (EV/NOPAT)	17.61	16.52	43.02	31.93	29.88	28.61	33.01	38.03	43.57	61.90	34.10
Enterprise Value to Operating Cash Flow (EV/OCF)	11.60	9.24	33.46	33.50	15.35	13.26	19.70	17.58	30.40	25.85	22.40
Enterprise Value to Free Cash Flow (EV/FCFF)	8.53	7.56	31.82	25.11	14.20	11.92	18.99	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.07	1.08	1.11	1.17	1.18	1.13	1.18	1.21	1.34	1.28	1.31
Long-Term Debt to Equity	1.05	1.06	1.09	1.15	1.16	1.11	1.17	1.20	1.32	1.27	1.30
Financial Leverage	1.02	0.93	1.08	1.13	1.21	1.11	1.13	0.88	1.01	0.91	0.92
Leverage Ratio	3.08	3.13	3.14	3.19	3.22	3.18	3.18	3.01	3.08	3.06	3.05
Compound Leverage Factor	0.97	1.62	1.31	-1.14	0.13	0.69	-1.88	0.18	-2.34	0.01	-15.51
Debt to Total Capital	51.72%	51.91%	52.63%	53.87%	54.07%	52.96%	54.16%	54.84%	57.20%	56.11%	56.79%
Short-Term Debt to Total Capital	0.93%	0.94%	0.80%	0.78%	0.71%	0.73%	0.72%	0.71%	0.68%	0.52%	0.52%
Long-Term Debt to Total Capital	50.79%	50.97%	51.83%	53.09%	53.36%	52.23%	53.44%	54.14%	56.52%	55.59%	56.27%
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	48.28%	48.09%	47.37%	46.13%	45.93%	47.04%	45.84%	45.16%	42.80%	43.89%	43.21%
Debt to EBITDA	4.07	4.09	4.32	5.04	4.86	4.60	4.93	5.39	7.37	10.10	16.16
Net Debt to EBITDA	3.45	3.10	4.09	4.84	4.71	4.30	4.60	5.08	7.02	9.18	14.32
Long-Term Debt to EBITDA	3.99	4.01	4.26	4.96	4.80	4.54	4.86	5.32	7.28	10.01	16.01
Debt to NOPAT	7.80	7.79	17.07	14.11	13.46	12.81	14.28	17.16	23.03	32.65	19.87
Net Debt to NOPAT	6.61	5.90	16.15	13.56	13.05	11.98	13.32	16.16	21.93	29.68	17.61
Long-Term Debt to NOPAT	7.66	7.65	16.81	13.90	13.28	12.63	14.09	16.94	22.75	32.35	19.69
Altman Z-Score	2.06	1.96	2.03	1.89	1.86	1.86	1.85	1.81	1.58	1.43	1.23
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	1.16	1.10	1.08	1.10	1.12	1.04	1.08	1.10	1.22	1.19	1.29
Quick Ratio	1.01	0.98	0.91	0.93	0.97	0.93	0.96	0.98	1.08	1.08	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	179	218	61	42	126	120	75	-1,680	-1,752	-7,622	-1,724
Operating Cash Flow to CapEx	-3,659.03%	21,769.17%	2,866.15%	3,517.12%	-736.50%	623.88%	1,139.56%	4,737.29%	-424.11%	46.04%	1,518.32%
Free Cash Flow to Firm to Interest Expense	80.81	0.00	0.00	20.77	0.00	485.78	0.00	0.00	-79.47	0.00	0.00
Operating Cash Flow to Interest Expense	-43.12	0.00	0.00	12.85	0.00	214.61	0.00	0.00	-1.75	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-44.30	0.00	0.00	12.49	0.00	180.21	0.00	0.00	-2.16	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.39	1.37	1.34	1.30	1.27	1.26	1.24	1.89	1.64	1.40	1.15
Accounts Receivable Turnover	5.79	6.10	5.68	5.40	5.21	5.53	5.55	6.88	5.94	5.37	4.54
Inventory Turnover	0.00	81.31	0.00	0.00	0.00	78.91	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	56.30	58.63	56.57	54.08	45.88	48.29	49.11	72.91	63.52	56.42	46.87
Accounts Payable Turnover	9.13	7.95	7.93	8.67	8.89	8.44	8.62	10.53	9.54	8.38	7.10
Days Sales Outstanding (DSO)	63.00	59.79	64.31	67.63	70.11	66.06	65.79	53.06	61.45	68.00	80.45
Days Inventory Outstanding (DIO)	0.00	4.49	0.00	0.00	0.00	4.63	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	39.98	45.89	46.00	42.08	41.06	43.25	42.36	34.65	38.25	43.54	51.40
Cash Conversion Cycle (CCC)	23.02	18.39	18.31	25.55	29.06	27.44	23.43	18.40	23.20	24.47	29.05
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,976	1,865	2,056	2,106	2,128	2,034	2,079	2,128	2,224	2,156	2,140
Invested Capital Turnover	2.11	2.22	2.03	1.95	1.85	1.89	1.85	3.03	2.53	2.25	1.83
Increase / (Decrease) in Invested Capital	-151	-168	-23	-22	-96	-122	-60	1,710	1,774	1,739	1,727
Enterprise Value (EV)	2,505	2,349	2,807	2,622	2,597	2,492	2,701	2,672	2,474	2,417	2,229
Market Capitalization	1,564	1,510	1,753	1,509	1,463	1,449	1,611	1,537	1,228	1,258	1,078
Book Value per Share	$32.81	$32.51	$31.77	$31.53	$31.72	$31.77	$31.72	$32.02	$31.64	$32.73	$32.47
Tangible Book Value per Share	($29.20)	($30.22)	($31.56)	($32.78)	($33.33)	($34.42)	($35.21)	($36.03)	($37.26)	($37.90)	($36.44)
Total Capital	2,146	2,134	2,116	2,150	2,163	2,106	2,158	2,198	2,286	2,272	2,287
Total Debt	1,110	1,107	1,114	1,158	1,170	1,116	1,169	1,206	1,307	1,275	1,299
Total Long-Term Debt	1,090	1,087	1,097	1,142	1,154	1,100	1,153	1,190	1,292	1,263	1,287
Net Debt	941	839	1,054	1,114	1,134	1,043	1,090	1,135	1,245	1,159	1,151
Capital Expenditures (CapEx)	2.61	1.03	2.19	0.73	7.77	8.46	5.01	2.46	9.08	4.21	4.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-14	-144	33	61	81	-23	0.97	31	119	45	72
Debt-free Net Working Capital (DFNWC)	155	124	93	105	116	50	79	102	181	161	219
Net Working Capital (NWC)	135	104	76	88	101	35	64	86	166	149	208
Net Nonoperating Expense (NNE)	20	24	23	26	29	-1.90	21	29	39	-5,872	20
Net Nonoperating Obligations (NNO)	941	839	1,054	1,114	1,134	1,043	1,090	1,135	1,245	1,159	1,151
Total Depreciation and Amortization (D&A)	30	30	30	32	31	31	30	31	31	29	33
Debt-free, Cash-free Net Working Capital to Revenue	-0.32%	-3.34%	0.79%	1.47%	2.00%	-0.57%	0.02%	0.81%	3.53%	1.54%	3.09%
Debt-free Net Working Capital to Revenue	3.59%	2.87%	2.21%	2.55%	2.88%	1.26%	2.03%	2.64%	5.37%	5.56%	9.41%
Net Working Capital to Revenue	3.13%	2.41%	1.81%	2.14%	2.50%	0.87%	1.63%	2.23%	4.91%	5.15%	8.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$0.79	$0.48	($0.21)	$0.04	($0.01)	($0.21)	$0.06	($0.57)	($1.24)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	31.59M	31.49M	31.55M	31.47M	31.35M	31.08M	31.18M	31.03M	30.93M	21.00M	29.83M
Adjusted Diluted Earnings per Share	$0.25	$0.78	$0.47	($0.21)	$0.04	($0.01)	($0.21)	$0.06	($0.57)	($1.23)	($0.56)
Adjusted Weighted Average Diluted Shares Outstanding	32.02M	31.97M	31.97M	31.47M	31.79M	31.08M	31.18M	31.61M	30.93M	21.00M	30.17M
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	31.68M	31.57M	31.56M	31.56M	31.46M	31.33M	31.19M	31.19M	31.01M	30.93M	30.47M
Normalized Net Operating Profit after Tax (NOPAT)	28	49	38	19	21	27	15	31	21	22	3.14
Normalized NOPAT Margin	2.72%	4.24%	3.55%	1.79%	2.10%	2.59%	1.47%	3.14%	2.27%	2.22%	0.33%
Pre Tax Income Margin	0.99%	2.27%	1.81%	-0.76%	0.11%	0.76%	-1.12%	0.21%	-2.46%	0.01%	-2.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.45	0.00	0.00	11.36	0.00	149.06	0.00	0.00	1.39	0.00	0.00
NOPAT to Interest Expense	12.47	0.00	0.00	9.61	0.00	-9.72	0.00	0.00	0.97	0.00	0.00
EBIT Less CapEx to Interest Expense	13.28	0.00	0.00	10.99	0.00	114.66	0.00	0.00	0.98	0.00	0.00
NOPAT Less CapEx to Interest Expense	11.29	0.00	0.00	9.24	0.00	-44.12	0.00	0.00	0.56	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%	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%	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. Find out what analysts predict for V2X in the coming months.

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 5/31/2025 by MarketBeat.com Staff

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V2X (VVX) Financials

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V2X (VVX) Financials

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