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V2X (VVX) Financials

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$78.68 -0.33 (-0.42%)
As of 08/21/2026 03:58 PM Eastern
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Annual Income Statements for V2X

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 31 24 59 35 33 37 46 -14 -23 35 78
Consolidated Net Income / (Loss)		 31 24 59 35 33 37 46 -14 -23 35 78
Net Income / (Loss) Continuing Operations		 31 24 59 35 33 37 46 -14 -23 35 78
Total Pre-Tax Income 		33 37 37 43 43 39 54 -6.11 -25 39 101
Total Operating Income		 40 43 41 48 50 43 62 56 124 159 194
Total Gross Profit		 106 107 102 114 128 124 160 295 335 343 373
Total Revenue		 1,181 1,191 1,115 1,279 1,383 1,396 1,784 2,891 3,963 4,322 4,480
Operating Revenue		 1,181 1,191 1,115 1,279 1,383 1,396 1,784 2,891 3,963 4,322 4,480
Total Cost of Revenue		 1,075 1,084 1,013 1,165 1,255 1,271 1,623 2,596 3,628 3,979 4,107
Operating Cost of Revenue		 1,075 1,084 1,013 1,165 1,255 1,271 1,623 2,596 3,628 3,979 4,107
Total Operating Expenses		 66 64 61 66 78 81 98 239 210 184 179
Selling, General & Admin Expense		 66 64 61 66 78 81 98 239 210 184 179
Total Other Income / (Expense), net		 -6.53 -5.64 -4.64 -5.07 -6.47 -4.79 -7.99 -62 -149 -120 -93
Interest Expense		 - - - - - - 0.00 0.00 22 2.00 2.53
Interest & Investment Income		 -6.53 -5.64 -4.64 -5.07 -6.47 -4.79 -7.99 -62 -122 -108 -80
Other Income / (Expense), net		 - - - - - - 0.00 0.00 -4.19 -10 -11
Income Tax Expense		 2.46 14 -23 7.90 10 1.73 8.31 8.22 -1.95 4.16 23
Basic Earnings per Share		 $2.94 $2.21 $5.40 $3.13 $2.90 $3.19 $3.91 ($0.68) ($0.73) $1.10 $2.47
Weighted Average Basic Shares Outstanding		 10.55M 10.71M 11.02M 11.22M 11.44M 11.60M 11.71M 21.00M 31.08M 31.49M 31.56M
Diluted Earnings per Share		 $2.86 $2.16 $5.31 $3.08 $2.86 $3.14 $3.86 ($0.68) ($0.73) $1.08 $2.45
Weighted Average Diluted Shares Outstanding		 10.83M 10.97M 11.21M 11.38M 11.61M 11.75M 11.84M 21.00M 31.08M 31.97M 31.82M
Weighted Average Basic & Diluted Shares Outstanding		 10.50M 10.70M 11M 11.20M 11.52M 11.63M 11.74M 30.93M 31.33M 31.57M 31.17M

Quarterly Income Statements for V2X

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025 9/26/2025 12/31/2025 4/3/2026 7/3/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.49 1.12 -6.54 15 25 8.11 22 25 23 19 26
Consolidated Net Income / (Loss)		 -0.49 1.14 -6.54 15 25 8.11 22 25 23 19 26
Net Income / (Loss) Continuing Operations		 -0.49 1.12 -6.54 15 25 8.11 22 25 23 19 26
Total Pre-Tax Income 		7.93 1.12 -8.11 20 26 10 29 33 29 24 33
Total Operating Income		 39 30 27 50 52 34 53 56 51 44 54
Total Gross Profit		 98 70 74 91 107 78 96 95 105 106 110
Total Revenue		 1,040 1,011 1,072 1,082 1,158 1,016 1,078 1,167 1,219 1,254 1,257
Operating Revenue		 1,040 1,011 1,072 1,082 1,158 1,016 1,078 1,167 1,219 1,254 1,257
Total Cost of Revenue		 942 940 998 990 1,050 938 983 1,073 1,114 1,148 1,147
Operating Cost of Revenue		 942 940 998 990 1,050 938 983 1,073 1,114 1,148 1,147
Total Operating Expenses		 59 40 46 42 56 44 43 39 54 62 56
Selling, General & Admin Expense		 59 40 46 42 56 44 43 39 54 62 56
Total Other Income / (Expense), net		 -31 -29 -36 -30 -25 -24 -23 -23 -23 -21 -21
Interest Expense		 0.25 0.00 2.00 0.00 - 2.21 0.31 0.00 - 0.00 1.74
Interest & Investment Income		 -28 -28 -29 -27 -24 -20 -21 -20 -20 -18 -17
Other Income / (Expense), net		 -1.86 -1.63 -4.74 -3.20 -0.90 -2.30 -2.58 -2.96 -3.10 -2.45 -2.14
Income Tax Expense		 8.42 0.00 -1.57 4.49 1.24 1.96 7.06 8.14 5.86 4.59 7.69
Basic Earnings per Share		 ($0.01) $0.04 ($0.21) $0.48 $0.79 $0.26 $0.71 $0.78 $0.72 $0.61 $0.82
Weighted Average Basic Shares Outstanding		 31.08M 31.35M 31.47M 31.55M 31.49M 31.59M 31.69M 31.62M 31.56M 31.21M 31.33M
Diluted Earnings per Share		 ($0.01) $0.04 ($0.21) $0.47 $0.78 $0.25 $0.70 $0.77 $0.73 $0.60 $0.81
Weighted Average Diluted Shares Outstanding		 31.08M 31.79M 31.47M 31.97M 31.97M 32.02M 31.88M 31.86M 31.82M 31.51M 31.52M
Weighted Average Basic & Diluted Shares Outstanding		 31.33M 31.46M 31.56M 31.56M 31.57M 31.68M 31.71M 31.54M 31.17M 31.31M 31.35M

Annual Cash Flow Statements for V2X

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Net Change in Cash & Equivalents		 -2.83 7.66 30 -10 -31 33 -30 78 -43 196 101
Net Cash From Operating Activities		 19 37 35 40 28 64 61 93 188 254 182
Net Cash From Continuing Operating Activities		 19 37 35 40 28 64 61 93 188 254 182
Net Income / (Loss) Continuing Operations		 31 24 59 35 33 37 46 -14 -23 35 78
Consolidated Net Income / (Loss)		 31 24 59 35 33 37 46 -14 -23 35 78
Depreciation Expense		 3.14 1.90 1.69 1.80 3.38 4.10 6.53 13 22 21 17
Amortization Expense		 1.13 1.20 1.46 2.43 3.52 4.42 11 57 100 102 102
Non-Cash Adjustments To Reconcile Net Income		 7.34 5.05 4.47 4.44 8.32 9.43 8.40 31 55 19 11
Changes in Operating Assets and Liabilities, net		 -24 4.79 -32 -3.70 -21 9.19 -10 6.68 33 78 -26
Net Cash From Investing Activities		 0.12 -0.05 -2.34 -47 -56 -138 -13 176 -23 -29 -30
Net Cash From Continuing Investing Activities		 0.12 -0.05 -2.34 -47 -56 -138 -13 176 -23 -29 -30
Purchase of Property, Plant & Equipment		 -0.79 -0.74 -2.34 -10 -16 -4.50 -9.78 -12 -25 -12 -12
Acquisitions		 - 0.00 0.00 -37 -45 -134 0.26 194 0.00 -17 -28
Sale of Property, Plant & Equipment		 0.39 0.12 0.00 0.03 5.40 0.08 0.02 0.01 0.02 0.08 9.84
Divestitures		 - - - - - 0.00 0.00 -5.30 1.35 0.00 0.00
Sale and/or Maturity of Investments		 0.52 0.57 - - - - - 0.00 1.01 0.00 0.00
Net Cash From Financing Activities		 -22 -28 -7.13 -3.29 -1.90 106 -76 -193 -211 -24 -51
Net Cash From Continuing Financing Activities		 -22 -28 -7.13 -3.29 -1.90 106 -76 -193 -211 -24 -51
Repayment of Debt		 -347 -103 -130 -211 -338 -206 -603 -584 -1,366 -1,283 -681
Repurchase of Common Equity		 - - - - - - - - 0.00 0.00 -30
Issuance of Debt		 324 74 123 207 334 314 529 392 1,173 1,266 663
Other Financing Activities, net		 1.67 1.16 0.71 0.72 2.60 -1.90 -1.97 -1.59 -18 -7.98 -2.56
Effect of Exchange Rate Changes		 -0.12 -0.85 3.87 - -0.66 - - 1.34 - - -0.26
Cash Interest Paid		 6.05 5.28 5.89 4.97 6.23 3.72 5.80 54 117 108 78
Cash Income Taxes Paid		 16 26 4.80 12 4.51 15 9.70 13 8.36 8.82 9.63

Quarterly Cash Flow Statements for V2X

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025 9/26/2025 12/31/2025 4/3/2026 7/3/2026
Net Change in Cash & Equivalents		 -5.61 -37 9.11 15 208 -99 21 -8.14 187 -160 5.65
Net Cash From Operating Activities		 53 -57 26 63 223 -95 29 39 209 -130 22
Net Cash From Continuing Operating Activities		 53 -57 26 63 223 -95 29 39 209 -130 22
Net Income / (Loss) Continuing Operations		 -0.49 1.14 -6.54 15 25 8.11 22 25 23 19 26
Consolidated Net Income / (Loss)		 -0.49 1.14 -6.54 15 25 8.11 22 25 23 19 26
Depreciation Expense		 5.88 6.24 5.63 4.57 4.31 4.25 3.93 4.29 4.52 3.96 4.11
Amortization Expense		 25 25 26 25 25 25 25 25 26 26 26
Non-Cash Adjustments To Reconcile Net Income		 5.89 5.16 11 1.98 1.18 4.92 4.11 3.44 -1.05 3.61 6.55
Changes in Operating Assets and Liabilities, net		 16 -95 -10 16 167 -138 -27 -18 157 -182 -40
Net Cash From Investing Activities		 -6.94 -25 -0.73 -2.19 -1.03 -2.61 -2.48 -30 5.29 -2.29 -1.08
Net Cash From Continuing Investing Activities		 -6.94 -25 -0.73 -2.19 -1.03 -2.61 -2.48 -30 5.29 -2.29 -1.08
Purchase of Property, Plant & Equipment		 -8.46 -7.78 -0.74 -2.19 -1.09 -2.70 -2.48 -4.48 -2.26 -2.29 -1.08
Net Cash From Financing Activities		 -55 46 -15 -48 -7.76 -3.80 -6.82 -13 -28 -28 -15
Net Cash From Continuing Financing Activities		 -55 46 -15 -48 -7.76 -3.80 -6.82 -13 -28 -28 -15
Repayment of Debt		 -258 -323 -289 -407 -265 -142 -184 -144 -211 -24 -15
Issuance of Common Equity		 - 0.00 0.15 0.01 - 0.08 - 0.48 - 0.06 0.08
Other Financing Activities, net		 -0.13 -5.70 -0.07 -2.27 0.05 -2.65 -0.32 -0.01 0.42 -4.76 -0.58
Effect of Exchange Rate Changes		 - -1.52 -0.90 - - 2.61 - - - 0.31 0.53
Cash Interest Paid		 28 27 28 19 33 13 20 20 26 17 17
Cash Income Taxes Paid		 3.11 1.01 6.93 1.22 -0.35 0.32 4.84 1.27 3.20 2.71 5.15

Annual Balance Sheets for V2X

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Total Assets		 484 465 496 572 636 844 889 3,233 3,082 3,229 3,272
Total Current Assets		 262 244 272 313 321 408 423 932 875 1,102 1,226
Cash & Equivalents		 40 48 77 66 35 67 39 116 73 268 369
Accounts Receivable		 212 183 188 232 269 315 349 729 706 710 730
Prepaid Expenses		 - - - - - 16 21 42 49 124 127
Plant, Property, & Equipment, net		 4.76 3.06 3.73 13 19 23 24 79 85 62 52
Total Noncurrent Assets		 218 218 220 245 297 413 442 2,222 2,122 2,064 1,993
Goodwill		 217 217 217 234 262 340 322 1,654 1,657 1,657 1,677
Intangible Assets		 - - 0.12 8.63 15 48 67 498 408 323 240
Other Noncurrent Operating Assets		 1.20 1.18 2.82 3.25 20 25 54 71 57 84 77
Total Liabilities & Shareholders' Equity		 484 465 496 572 636 844 889 3,233 3,082 3,229 3,272
Total Liabilities		 395 348 312 351 378 539 539 2,236 2,091 2,203 2,188
Total Current Liabilities		 213 188 182 225 245 288 358 783 840 996 1,007
Short-Term Debt		 22 16 4.00 4.50 6.50 8.60 10 12 15 20 15
Accounts Payable		 122 118 116 156 148 160 213 407 453 548 557
Accrued Expenses		 25 18 19 22 37 41 55 197 214 262 258
Current Employee Benefit Liabilities		 37 35 39 42 53 80 80 168 158 167 177
Total Noncurrent Liabilities		 183 160 130 126 132 250 181 1,453 1,251 1,206 1,181
Long-Term Debt		 90 68 73 69 63 169 94 1,263 1,100 1,087 1,083
Noncurrent Deferred & Payable Income Tax Liabilities		 91 90 55 55 49 39 32 16 12 21 28
Other Noncurrent Operating Liabilities		 1.61 2.56 1.46 1.46 20 42 55 174 139 98 69
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		 89 117 183 221 259 305 350 997 991 1,026 1,085
Total Preferred & Common Equity		 89 117 183 221 259 305 350 997 991 1,026 1,085
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		 89 117 183 221 259 305 350 997 991 1,026 1,085
Common Stock		 59 64 68 72 79 83 88 749 763 770 779
Retained Earnings		 34 58 117 153 185 222 268 253 231 266 343
Treasury Stock		 - - - - - - - - - 0.00 -30
Accumulated Other Comprehensive Income / (Loss)		 -3.74 -4.58 -1.68 -3.16 -5.08 -0.03 -5.90 -5.53 -2.69 -9.42 -7.91

Quarterly Balance Sheets for V2X

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 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/29/2023 3/29/2024 6/28/2024 9/27/2024 3/28/2025 6/27/2025 9/26/2025 4/3/2026 7/3/2026
Total Assets		 3,209 3,179 3,126 3,140 3,151 3,126 3,103 3,146 3,178 3,189 3,198
Total Current Assets		 926 919 894 954 977 982 1,003 1,067 1,099 1,169 1,205
Cash & Equivalents		 62 70 78 36 45 60 169 190 182 209 214
Accounts Receivable		 760 747 715 788 782 766 705 739 773 829 827
Prepaid Expenses		 78 78 81 129 150 156 128 138 143 132 164
Plant, Property, & Equipment, net		 82 82 83 93 70 66 60 61 58 51 49
Total Noncurrent Assets		 2,201 2,178 2,150 2,093 2,104 2,078 2,041 2,017 2,022 1,969 1,944
Goodwill		 1,656 1,657 1,657 1,648 1,656 1,653 1,657 1,657 1,677 1,677 1,677
Intangible Assets		 475 453 430 389 367 346 301 278 263 217 194
Other Noncurrent Operating Assets		 70 68 62 55 81 79 83 82 82 75 73
Total Liabilities & Shareholders' Equity		 3,209 3,179 3,126 3,140 3,151 3,126 3,103 3,146 3,178 3,189 3,198
Total Liabilities		 2,231 2,186 2,137 2,146 2,159 2,124 2,068 2,080 2,098 2,086 2,064
Total Current Liabilities		 760 832 830 853 888 906 867 887 914 933 914
Short-Term Debt		 16 16 16 15 17 17 20 15 15 15 16
Accounts Payable		 403 416 438 431 462 538 441 435 487 467 547
Accrued Expenses		 198 255 238 267 242 235 282 287 255 281 217
Current Employee Benefit Liabilities		 144 145 139 139 166 116 124 150 157 170 134
Total Noncurrent Liabilities		 1,471 1,354 1,307 1,293 1,271 1,217 1,201 1,193 1,184 1,153 1,149
Long-Term Debt		 1,292 1,190 1,153 1,154 1,142 1,097 1,090 1,092 1,089 1,061 1,048
Noncurrent Deferred & Payable Income Tax Liabilities		 9.93 14 9.09 14 11 12 18 18 13 30 34
Other Noncurrent Operating Liabilities		 169 150 145 125 118 108 92 84 82 61 68
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		 978 993 989 994 992 1,003 1,036 1,066 1,080 1,104 1,134
Total Preferred & Common Equity		 978 993 989 994 992 1,003 1,036 1,066 1,080 1,104 1,134
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		 978 993 989 994 992 1,003 1,036 1,066 1,080 1,104 1,134
Common Stock		 748 754 757 762 768 767 770 773 777 778 783
Retained Earnings		 236 238 231 232 225 241 274 296 321 362 388
Treasury Stock		 - - - - - - - - -10 -30 -30
Accumulated Other Comprehensive Income / (Loss)		 -5.92 0.57 0.66 -0.18 -1.80 -4.95 -7.74 -3.61 -7.67 -6.84 -5.78

Annual Metrics And Ratios for V2X

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.61% 0.83% -6.36% 14.73% 8.09% 0.94% 27.81% 62.07% 37.09% 9.06% 3.65%
EBITDA Growth		 8.54% 3.83% -3.38% 17.82% 8.16% -8.06% 52.90% 58.78% 92.23% 11.71% 11.47%
EBIT Growth		 4.02% 7.17% -3.75% 16.58% 3.32% -12.44% 42.66% -10.08% 115.56% 23.72% 23.26%
NOPAT Growth		 55.85% -26.42% 146.10% -41.49% -2.75% 8.87% 26.38% -25.62% 123.08% 63.24% 5.47%
Net Income Growth		 35.78% -23.63% 151.52% -41.03% -5.44% 11.38% 23.75% -131.34% -57.52% 253.65% 124.55%
EPS Growth		 34.27% -24.48% 145.83% -42.00% -7.14% 9.79% 22.93% -117.62% -7.35% 247.95% 126.85%
Operating Cash Flow Growth		 -56.07% 93.95% -3.30% 13.12% -31.20% 132.54% -4.28% 52.42% 101.05% 35.26% -28.42%
Free Cash Flow Firm Growth		 -64.83% 65.82% 6.96% -117.28% -306.24% -201.90% 163.12% -3,512.60% 112.29% 48.64% -35.15%
Invested Capital Growth		 11.05% -4.72% 19.43% 24.93% 28.10% 41.11% 0.64% 417.92% -5.65% -8.28% -2.76%
Revenue Q/Q Growth		 2.49% -1.90% 0.69% 2.69% 2.66% -0.70% 3.73% 23.96% 1.59% 2.79% 1.38%
EBITDA Q/Q Growth		 11.06% -6.55% 5.82% 4.01% 7.62% -3.39% -1.77% 56.99% 2.32% 5.17% -0.62%
EBIT Q/Q Growth		 8.54% -6.01% 4.36% 4.58% 7.05% -4.24% -5.64% 60.44% 2.83% 10.38% -1.29%
NOPAT Q/Q Growth		 8.74% -6.89% 166.22% -47.64% 1.69% 18.01% -14.69% -40.28% 6.42% 117.89% -5.19%
Net Income Q/Q Growth		 9.28% -6.15% 166.35% -47.43% 2.25% 19.92% -16.89% -479.50% 30.97% 278.69% -2.81%
EPS Q/Q Growth		 10.85% -6.49% 165.50% -47.97% 1.42% 19.85% -17.34% -158.12% 62.56% 272.41% -2.00%
Operating Cash Flow Q/Q Growth		 47.01% -13.47% 38.69% 84.88% -53.96% 74.30% -23.14% -6.05% 37.09% 203.04% -6.98%
Free Cash Flow Firm Q/Q Growth		 0.00% -8.99% 56.61% 67.30% -657.27% -371.80% 175.87% -2.32% 46.89% 252.13% -5.43%
Invested Capital Q/Q Growth		 0.93% 1.93% 20.61% -7.16% 4.96% 44.91% 0.88% 0.74% -2.19% -9.29% -9.38%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 8.95% 8.98% 9.15% 8.95% 9.26% 8.90% 8.99% 10.21% 8.45% 7.94% 8.33%
EBITDA Margin		 3.75% 3.86% 3.98% 4.09% 4.09% 3.73% 4.46% 4.37% 6.12% 6.27% 6.74%
Operating Margin		 3.38% 3.60% 3.70% 3.76% 3.59% 3.12% 3.48% 1.93% 3.14% 3.68% 4.34%
EBIT Margin		 3.38% 3.60% 3.70% 3.76% 3.59% 3.12% 3.48% 1.93% 3.03% 3.44% 4.09%
Profit (Net Income) Margin		 2.62% 1.99% 5.34% 2.74% 2.40% 2.65% 2.56% -0.50% -0.57% 0.80% 1.74%
Tax Burden Percent		 92.65% 63.61% 162.65% 81.63% 76.83% 95.53% 84.63% 234.61% 92.07% 89.30% 77.19%
Interest Burden Percent		 83.66% 86.83% 88.74% 89.45% 86.97% 88.98% 87.13% -10.95% -20.39% 26.11% 55.04%
Effective Tax Rate		 7.35% 36.39% -62.65% 18.37% 23.17% 4.47% 15.37% 0.00% 0.00% 10.70% 22.82%
Return on Invested Capital (ROIC)		 24.21% 17.34% 39.85% 19.05% 14.62% 11.75% 12.65% 3.04% 4.16% 7.29% 8.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 16.77% 10.67% -2.43% -95.14% -9.21% 5.34% 4.92% -5.68% -5.80% -4.13% -1.04%
Return on Net Nonoperating Assets (RNNOA)		 19.05% 5.55% -0.29% -1.70% -0.80% 1.35% 1.31% -5.16% -6.43% -3.85% -0.77%
Return on Equity (ROE)		 43.26% 22.89% 39.56% 17.34% 13.82% 13.11% 13.96% -2.13% -2.27% 3.44% 7.38%
Cash Return on Invested Capital (CROIC)		 13.74% 22.17% 22.15% -3.13% -10.02% -22.34% 12.01% -132.23% 9.98% 15.93% 10.95%
Operating Return on Assets (OROA)		 8.15% 9.02% 8.58% 9.00% 8.22% 5.87% 7.16% 2.71% 3.81% 4.71% 5.63%
Return on Assets (ROA)		 6.32% 4.98% 12.38% 6.57% 5.49% 4.99% 5.28% -0.70% -0.71% 1.10% 2.39%
Return on Common Equity (ROCE)		 43.26% 22.89% 39.56% 17.34% 13.82% 13.11% 13.96% -2.13% -2.27% 3.44% 7.38%
Return on Equity Simple (ROE_SIMPLE)		 34.68% 20.15% 32.45% 15.85% 12.82% 12.12% 13.06% -1.44% -2.28% 3.38% 0.00%
Net Operating Profit after Tax (NOPAT)		 37 27 67 39 38 42 52 39 87 142 150
NOPAT Margin		 3.14% 2.29% 6.01% 3.07% 2.76% 2.98% 2.94% 1.35% 2.20% 3.29% 3.35%
Net Nonoperating Expense Percent (NNEP)		 7.44% 6.67% 42.28% 114.19% 23.83% 6.41% 7.73% 8.72% 9.96% 11.42% 9.19%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 1.72% 4.13% 6.66% 6.87%
Cost of Revenue to Revenue		 91.05% 91.02% 90.85% 91.05% 90.74% 91.10% 91.01% 89.80% 91.55% 92.07% 91.67%
SG&A Expenses to Revenue		 5.56% 5.38% 5.45% 5.19% 5.66% 5.78% 5.52% 8.28% 5.31% 4.25% 4.00%
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		 5.56% 5.38% 5.45% 5.19% 5.66% 5.78% 5.52% 8.28% 5.31% 4.25% 4.00%
Earnings before Interest and Taxes (EBIT)		 40 43 41 48 50 43 62 56 120 149 183
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 44 46 44 52 57 52 79 126 243 271 302
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.48 2.19 1.87 1.10 2.28 1.90 1.53 1.26 1.46 1.47 1.59
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)		 0.19 0.22 0.31 0.19 0.43 0.41 0.30 0.44 0.37 0.35 0.38
Price to Earnings (P/E)		 7.15 10.86 5.76 6.93 17.78 15.64 11.74 0.00 0.00 43.52 22.09
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		 13.99% 9.21% 17.35% 14.44% 5.62% 6.39% 8.52% 0.00% 0.00% 2.30% 4.53%
Enterprise Value to Invested Capital (EV/IC)		 1.82 1.91 1.87 1.09 2.13 1.66 1.45 1.12 1.23 1.26 1.35
Enterprise Value to Revenue (EV/Rev)		 0.25 0.25 0.31 0.20 0.45 0.49 0.34 0.84 0.63 0.54 0.55
Enterprise Value to EBITDA (EV/EBITDA)		 6.62 6.38 7.72 4.79 11.04 13.21 7.59 19.15 10.27 8.67 8.11
Enterprise Value to EBIT (EV/EBIT)		 7.33 6.84 8.31 5.21 12.57 15.79 9.72 43.33 20.72 15.79 13.36
Enterprise Value to NOPAT (EV/NOPAT)		 7.91 10.75 5.11 6.39 16.36 16.53 11.49 61.90 28.61 16.52 16.34
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.52 8.00 9.68 6.25 22.65 10.71 9.83 25.85 13.26 9.24 13.46
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.95 8.41 9.20 0.00 0.00 0.00 12.10 0.00 11.92 7.56 12.16
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.25 0.71 0.42 0.33 0.27 0.58 0.30 1.28 1.13 1.08 1.01
Long-Term Debt to Equity		 1.00 0.58 0.40 0.31 0.24 0.55 0.27 1.27 1.11 1.06 1.00
Financial Leverage		 1.14 0.52 0.12 0.02 0.09 0.25 0.27 0.91 1.11 0.93 0.74
Leverage Ratio		 6.85 4.59 3.19 2.64 2.52 2.63 2.65 3.06 3.18 3.13 3.08
Compound Leverage Factor		 5.73 3.99 2.84 2.36 2.19 2.34 2.31 -0.34 -0.65 0.82 1.70
Debt to Total Capital		 55.55% 41.59% 29.63% 24.97% 21.18% 36.77% 23.01% 56.11% 52.96% 51.91% 50.31%
Short-Term Debt to Total Capital		 10.95% 7.84% 1.54% 1.53% 1.98% 1.78% 2.29% 0.52% 0.73% 0.94% 0.68%
Long-Term Debt to Total Capital		 44.60% 33.75% 28.10% 23.44% 19.20% 34.99% 20.73% 55.59% 52.23% 50.97% 49.63%
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		 44.45% 58.41% 70.37% 75.03% 78.82% 63.23% 76.99% 43.89% 47.04% 48.09% 49.69%
Debt to EBITDA		 2.52 1.82 1.74 1.41 1.23 3.41 1.32 10.10 4.60 4.09 3.64
Net Debt to EBITDA		 1.62 0.78 -0.01 0.14 0.61 2.09 0.83 9.18 4.30 3.10 2.41
Long-Term Debt to EBITDA		 2.03 1.48 1.65 1.32 1.11 3.25 1.19 10.01 4.54 4.01 3.59
Debt to NOPAT		 3.01 3.07 1.15 1.88 1.82 4.27 1.99 32.65 12.81 7.79 7.32
Net Debt to NOPAT		 1.93 1.32 0.00 0.19 0.90 2.62 1.26 29.68 11.98 5.90 4.86
Long-Term Debt to NOPAT		 2.42 2.49 1.09 1.76 1.65 4.06 1.80 32.35 12.63 7.65 7.22
Altman Z-Score		 3.27 3.63 3.73 3.49 3.92 3.01 3.34 1.45 1.95 2.06 2.25
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		 1.23 1.30 1.49 1.39 1.31 1.42 1.18 1.19 1.04 1.10 1.22
Quick Ratio		 1.18 1.23 1.46 1.33 1.24 1.32 1.08 1.08 0.93 0.98 1.09
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 21 35 37 -6.44 -26 -79 50 -1,700 209 311 201
Operating Cash Flow to CapEx		 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% 8,732.82%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.37 155.47 79.72
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.43 127.25 72.02
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.31 121.38 71.19
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 2.41 2.51 2.32 2.40 2.29 1.89 2.06 1.40 1.26 1.37 1.38
Accounts Receivable Turnover		 5.60 6.03 6.01 6.09 5.52 4.78 5.38 5.37 5.53 6.10 6.18
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 78.91 81.31 0.00
Fixed Asset Turnover		 172.59 304.36 328.17 149.14 85.70 67.39 77.00 56.42 48.29 58.63 78.33
Accounts Payable Turnover		 9.07 9.01 8.66 8.55 8.24 8.27 8.72 8.38 8.44 7.95 7.44
Days Sales Outstanding (DSO)		 65.17 60.53 60.71 59.91 66.17 76.39 67.89 68.00 66.06 59.79 59.03
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.63 4.49 0.00
Days Payable Outstanding (DPO)		 40.22 40.50 42.16 42.67 44.28 44.15 41.84 43.54 43.25 45.89 49.09
Cash Conversion Cycle (CCC)		 24.95 20.03 18.55 17.24 21.89 32.23 26.06 24.47 27.44 18.39 9.94
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 161 153 183 229 293 414 416 2,156 2,034 1,865 1,814
Invested Capital Turnover		 7.72 7.58 6.63 6.21 5.30 3.95 4.30 2.25 1.89 2.22 2.44
Increase / (Decrease) in Invested Capital		 16 -7.59 30 46 64 120 2.66 1,739 -122 -168 -52
Enterprise Value (EV)		 293 293 343 251 624 687 603 2,417 2,492 2,349 2,449
Market Capitalization		 221 257 343 243 590 578 537 1,258 1,449 1,510 1,720
Book Value per Share		 $8.43 $10.90 $16.50 $19.65 $22.49 $26.23 $29.85 $32.73 $31.77 $32.51 $34.39
Tangible Book Value per Share		 ($12.04) ($9.24) ($3.03) ($1.86) ($1.57) ($7.13) ($3.26) ($37.90) ($34.42) ($30.22) ($26.39)
Total Capital		 201 201 261 295 328 482 455 2,272 2,106 2,134 2,183
Total Debt		 112 84 77 74 70 177 105 1,275 1,116 1,107 1,098
Total Long-Term Debt		 90 68 73 69 63 169 94 1,263 1,100 1,087 1,083
Net Debt		 72 36 -0.24 7.49 34 109 66 1,159 1,043 839 729
Capital Expenditures (CapEx)		 0.41 0.63 2.34 9.99 11 4.42 9.76 12 25 12 2.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 31 24 16 27 47 60 37 45 -23 -144 -135
Debt-free Net Working Capital (DFNWC)		 71 72 94 93 82 129 75 161 50 124 234
Net Working Capital (NWC)		 49 56 90 88 76 120 65 149 35 104 219
Net Nonoperating Expense (NNE)		 6.05 3.59 7.55 4.14 4.97 4.58 6.76 53 110 107 72
Net Nonoperating Obligations (NNO)		 72 36 -0.24 7.49 34 109 66 1,159 1,043 839 729
Total Depreciation and Amortization (D&A)		 4.27 3.10 3.15 4.22 6.89 8.51 17 70 122 122 119
Debt-free, Cash-free Net Working Capital to Revenue		 2.63% 2.05% 1.46% 2.09% 3.38% 4.29% 2.07% 1.54% -0.57% -3.34% -3.00%
Debt-free Net Working Capital to Revenue		 6.01% 6.05% 8.41% 7.26% 5.93% 9.21% 4.23% 5.56% 1.26% 2.87% 5.23%
Net Working Capital to Revenue		 4.15% 4.73% 8.05% 6.91% 5.46% 8.60% 3.65% 5.15% 0.87% 2.41% 4.90%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.94 $2.21 $5.40 $3.14 $3.03 $3.19 $3.91 ($0.68) ($0.73) $1.10 $2.47
Adjusted Weighted Average Basic Shares Outstanding		 10.55M 10.71M 11.02M 11.22M 11.44M 11.60M 11.71M 21.00M 31.08M 31.49M 31.56M
Adjusted Diluted Earnings per Share		 $2.86 $2.16 $5.31 $3.10 $2.99 $3.14 $3.86 ($0.68) ($0.73) $1.08 $2.45
Adjusted Weighted Average Diluted Shares Outstanding		 10.83M 10.97M 11.21M 11.38M 11.61M 11.75M 11.84M 21.00M 31.08M 31.97M 31.82M
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		 10.64M 10.89M 11.12M 11.27M 11.52M 11.63M 11.74M 30.93M 31.33M 31.57M 31.17M
Normalized Net Operating Profit after Tax (NOPAT)		 37 27 29 39 38 42 52 39 87 142 150
Normalized NOPAT Margin		 3.14% 2.29% 2.59% 3.07% 2.76% 2.98% 2.94% 1.35% 2.20% 3.29% 3.35%
Pre Tax Income Margin		 2.83% 3.12% 3.28% 3.36% 3.12% 2.77% 3.03% -0.21% -0.62% 0.90% 2.25%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.39 74.44 72.55
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.91 71.15 59.34
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.27 68.58 71.73
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.78 65.29 58.51
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% 38.52%

Quarterly Metrics And Ratios for V2X

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/29/2024 6/28/2024 9/27/2024 12/31/2024 3/28/2025 6/27/2025 9/26/2025 12/31/2025 4/3/2026 7/3/2026
DEI Shares Outstanding		 - - - - - - - - - 31,173,445.00 31,310,484.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 31,173,445.00 31,310,484.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.61 0.82
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.35% 7.11% 9.65% 8.00% 11.29% 0.53% 0.57% 7.90% 5.26% 23.45% 16.54%
EBITDA Growth		 12.13% -2.41% -16.37% 56.33% 18.98% 3.04% 47.11% 7.36% -2.33% 16.08% 2.40%
EBIT Growth		 18.19% -6.15% -33.18% 145.54% 38.16% 11.52% 121.94% 12.89% -4.72% 30.13% 2.61%
NOPAT Growth		 99.96% 41.70% -37.44% 160.96% 2,154.39% -8.96% 109.66% 8.84% -16.83% 28.49% 2.75%
Net Income Growth		 95.37% 106.54% -463.76% 335.17% 5,188.01% 608.65% 442.16% 63.48% -9.00% 133.44% 14.06%
EPS Growth		 99.19% 107.02% -450.00% 323.81% 7,900.00% 525.00% 433.33% 63.83% -6.41% 140.00% 15.71%
Operating Cash Flow Growth		 2,626.91% -48.67% -77.99% 9.85% 322.66% -66.82% 11.13% -37.04% -6.12% -36.08% -24.47%
Free Cash Flow Firm Growth		 101.57% 107.21% 102.47% -18.31% 82.08% 41.61% 294.97% 57.50% -57.55% -76.96% -76.17%
Invested Capital Growth		 -5.65% -4.32% -1.05% -1.10% -8.28% -7.11% -5.87% -2.67% -2.76% -0.29% 0.12%
Revenue Q/Q Growth		 3.87% -2.86% 6.10% 0.88% 7.04% -12.25% 6.14% 8.24% 4.41% 2.91% 0.20%
EBITDA Q/Q Growth		 37.75% -11.44% -9.13% 41.58% 4.84% -23.51% 29.40% 3.47% -4.63% -9.09% 14.15%
EBIT Q/Q Growth		 92.84% -21.74% -20.93% 105.76% 8.51% -36.83% 57.36% 4.66% -8.42% -13.72% 24.08%
NOPAT Q/Q Growth		 -116.24% 1,368.39% -36.70% 100.19% 27.83% -43.79% 45.77% 3.92% -2.33% -13.16% 16.58%
Net Income Q/Q Growth		 92.31% 332.52% -672.03% 330.00% 66.32% -67.61% 176.19% 9.89% -7.42% -16.92% 34.95%
EPS Q/Q Growth		 95.24% 500.00% -625.00% 323.81% 65.96% -67.95% 180.00% 10.00% -5.19% -17.81% 35.00%
Operating Cash Flow Q/Q Growth		 -7.44% -208.40% 144.87% 144.03% 256.14% -142.78% 129.89% 38.25% 431.03% -162.02% 116.59%
Free Cash Flow Firm Q/Q Growth		 59.00% 5.72% -67.15% 47.93% 254.38% -17.77% -8.38% -41.01% -4.49% -55.37% -5.21%
Invested Capital Q/Q Growth		 -2.19% 4.62% -1.04% -2.34% -9.29% 5.96% 0.28% 0.99% -9.38% 8.65% 0.68%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 9.42% 6.95% 6.89% 8.45% 9.28% 7.69% 8.88% 8.10% 8.62% 8.44% 8.71%
EBITDA Margin		 6.50% 5.90% 5.05% 7.09% 6.95% 6.06% 7.38% 7.06% 6.45% 5.70% 6.49%
Operating Margin		 3.70% 3.00% 2.56% 4.61% 4.45% 3.38% 4.91% 4.77% 4.21% 3.52% 4.28%
EBIT Margin		 3.52% 2.84% 2.12% 4.32% 4.38% 3.15% 4.67% 4.52% 3.96% 3.32% 4.11%
Profit (Net Income) Margin		 -0.05% 0.11% -0.61% 1.39% 2.16% 0.80% 2.08% 2.11% 1.87% 1.51% 2.03%
Tax Burden Percent		 -6.21% 101.78% 80.65% 77.04% 95.20% 80.51% 76.03% 75.14% 79.54% 80.47% 76.86%
Interest Burden Percent		 21.62% 3.92% -35.76% 41.85% 51.90% 31.47% 58.48% 62.13% 59.33% 56.48% 64.31%
Effective Tax Rate		 106.21% 0.00% 0.00% 22.96% 4.72% 19.49% 23.97% 24.86% 20.46% 19.53% 23.14%
Return on Invested Capital (ROIC)		 -0.43% 5.56% 3.49% 7.22% 9.41% 5.73% 7.91% 7.81% 8.16% 6.76% 8.13%
ROIC Less NNEP Spread (ROIC-NNEP)		 -0.26% 3.11% 1.20% 5.04% 6.85% 3.85% 6.16% 6.06% 5.86% 4.93% 6.34%
Return on Net Nonoperating Assets (RNNOA)		 -0.29% 3.75% 1.36% 5.43% 6.39% 3.94% 6.07% 5.75% 4.35% 4.17% 5.08%
Return on Equity (ROE)		 -0.73% 9.31% 4.85% 12.65% 15.80% 9.67% 13.99% 13.56% 12.52% 10.93% 13.21%
Cash Return on Invested Capital (CROIC)		 9.98% 8.41% 4.93% 4.27% 15.93% 14.31% 13.69% 10.50% 10.95% 8.31% 7.92%
Operating Return on Assets (OROA)		 4.42% 3.61% 2.76% 5.81% 5.99% 4.37% 6.43% 6.33% 5.45% 4.98% 6.35%
Return on Assets (ROA)		 -0.06% 0.14% -0.80% 1.87% 2.96% 1.11% 2.86% 2.96% 2.57% 2.26% 3.14%
Return on Common Equity (ROCE)		 -0.73% 9.31% 4.85% 12.65% 15.80% 9.67% 13.99% 13.56% 12.52% 10.93% 13.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -0.40% -1.24% 0.91% 0.00% 4.02% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.39 30 19 38 49 28 40 42 41 35 41
NOPAT Margin		 -0.23% 3.00% 1.79% 3.55% 4.24% 2.72% 3.73% 3.58% 3.35% 2.83% 3.29%
Net Nonoperating Expense Percent (NNEP)		 -0.17% 2.45% 2.29% 2.18% 2.56% 1.88% 1.76% 1.74% 2.31% 1.83% 1.79%
Return On Investment Capital (ROIC_SIMPLE)		 -0.11% - - - 2.30% 1.29% 1.85% 1.92% 1.87% 1.63% 1.88%
Cost of Revenue to Revenue		 90.58% 93.05% 93.11% 91.55% 90.72% 92.31% 91.12% 91.90% 91.38% 91.56% 91.29%
SG&A Expenses to Revenue		 5.71% 3.95% 4.33% 3.84% 4.82% 4.31% 3.97% 3.33% 4.40% 4.92% 4.43%
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		 5.71% 3.95% 4.33% 3.84% 4.82% 4.31% 3.97% 3.33% 4.40% 4.92% 4.43%
Earnings before Interest and Taxes (EBIT)		 37 29 23 47 51 32 50 53 48 42 52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 68 60 54 77 80 62 80 82 79 71 82
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.46 1.47 1.52 1.75 1.47 1.51 1.44 1.61 1.59 1.97 2.05
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)		 0.37 0.36 0.37 0.42 0.35 0.36 0.35 0.39 0.38 0.46 0.47
Price to Earnings (P/E)		 0.00 0.00 0.00 191.81 43.52 37.54 21.68 21.68 22.09 24.51 25.26
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		 0.00% 0.00% 0.00% 0.52% 2.30% 2.66% 4.61% 4.61% 4.53% 4.08% 3.96%
Enterprise Value to Invested Capital (EV/IC)		 1.23 1.22 1.25 1.36 1.26 1.27 1.23 1.33 1.35 1.54 1.60
Enterprise Value to Revenue (EV/Rev)		 0.63 0.64 0.64 0.67 0.54 0.58 0.56 0.60 0.55 0.64 0.65
Enterprise Value to EBITDA (EV/EBITDA)		 10.27 10.79 11.40 10.89 8.67 9.18 8.20 8.75 8.11 9.75 10.10
Enterprise Value to EBIT (EV/EBIT)		 20.72 21.95 24.49 20.83 15.79 16.47 13.61 14.32 13.36 15.76 16.32
Enterprise Value to NOPAT (EV/NOPAT)		 28.61 29.88 31.93 43.02 16.52 17.61 15.68 16.82 16.34 19.22 19.89
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.26 15.35 33.50 33.46 9.24 11.60 11.18 13.59 13.46 20.61 22.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 11.92 14.20 25.11 31.82 7.56 8.53 8.75 12.48 12.16 18.54 20.18
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.13 1.18 1.17 1.11 1.08 1.07 1.04 1.02 1.01 0.97 0.94
Long-Term Debt to Equity		 1.11 1.16 1.15 1.09 1.06 1.05 1.02 1.01 1.00 0.96 0.92
Financial Leverage		 1.11 1.21 1.13 1.08 0.93 1.02 0.99 0.95 0.74 0.85 0.80
Leverage Ratio		 3.18 3.22 3.19 3.14 3.13 3.08 3.06 3.03 3.08 2.94 2.88
Compound Leverage Factor		 0.69 0.13 -1.14 1.31 1.62 0.97 1.79 1.88 1.83 1.66 1.85
Debt to Total Capital		 52.96% 54.07% 53.87% 52.63% 51.91% 51.72% 50.94% 50.56% 50.31% 49.37% 48.40%
Short-Term Debt to Total Capital		 0.73% 0.71% 0.78% 0.80% 0.94% 0.93% 0.69% 0.68% 0.68% 0.69% 0.73%
Long-Term Debt to Total Capital		 52.23% 53.36% 53.09% 51.83% 50.97% 50.79% 50.25% 49.88% 49.63% 48.68% 47.67%
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		 47.04% 45.93% 46.13% 47.37% 48.09% 48.28% 49.06% 49.44% 49.69% 50.64% 51.60%
Debt to EBITDA		 4.60 4.86 5.04 4.32 4.09 4.07 3.71 3.63 3.64 3.45 3.39
Net Debt to EBITDA		 4.30 4.71 4.84 4.09 3.10 3.45 3.07 3.03 2.41 2.78 2.71
Long-Term Debt to EBITDA		 4.54 4.80 4.96 4.26 4.01 3.99 3.66 3.58 3.59 3.40 3.34
Debt to NOPAT		 12.81 13.46 14.11 17.07 7.79 7.80 7.09 6.98 7.32 6.80 6.68
Net Debt to NOPAT		 11.98 13.05 13.56 16.15 5.90 6.61 5.87 5.83 4.86 5.48 5.33
Long-Term Debt to NOPAT		 12.63 13.28 13.90 16.81 7.65 7.66 6.99 6.89 7.22 6.70 6.58
Altman Z-Score		 1.86 1.86 1.89 2.03 1.96 2.06 2.07 2.15 2.11 2.40 2.54
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		 1.04 1.12 1.10 1.08 1.10 1.16 1.20 1.20 1.22 1.25 1.32
Quick Ratio		 0.93 0.97 0.93 0.91 0.98 1.01 1.05 1.05 1.09 1.11 1.14
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 120 126 42 61 218 179 164 97 92 41 39
Operating Cash Flow to CapEx		 623.88% -736.50% 3,517.12% 2,866.15% 21,769.17% -3,659.03% 1,150.06% 1,726.35% 0.00% -5,670.45% 1,989.84%
Free Cash Flow to Firm to Interest Expense		 485.78 0.00 20.77 0.00 0.00 80.81 523.74 0.00 0.00 0.00 22.47
Operating Cash Flow to Interest Expense		 214.61 0.00 12.85 0.00 0.00 -43.12 91.16 0.00 0.00 0.00 12.39
Operating Cash Flow Less CapEx to Interest Expense		 180.21 0.00 12.49 0.00 0.00 -44.30 83.23 0.00 0.00 0.00 11.77
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.26 1.27 1.30 1.34 1.37 1.39 1.38 1.40 1.38 1.50 1.54
Accounts Receivable Turnover		 5.53 5.21 5.40 5.68 6.10 5.79 5.70 5.74 6.18 6.15 6.25
Inventory Turnover		 78.91 0.00 0.00 0.00 81.31 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 48.29 45.88 54.08 56.57 58.63 56.30 65.80 71.66 78.33 85.01 88.67
Accounts Payable Turnover		 8.44 8.89 8.67 7.93 7.95 9.13 8.83 7.89 7.44 9.51 9.13
Days Sales Outstanding (DSO)		 66.06 70.11 67.63 64.31 59.79 63.00 64.04 63.59 59.03 59.34 58.38
Days Inventory Outstanding (DIO)		 4.63 0.00 0.00 0.00 4.49 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 43.25 41.06 42.08 46.00 45.89 39.98 41.34 46.28 49.09 38.38 39.99
Cash Conversion Cycle (CCC)		 27.44 29.06 25.55 18.31 18.39 23.02 22.71 17.30 9.94 20.96 18.38
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,034 2,128 2,106 2,056 1,865 1,976 1,982 2,002 1,814 1,971 1,984
Invested Capital Turnover		 1.89 1.85 1.95 2.03 2.22 2.11 2.12 2.18 2.44 2.39 2.47
Increase / (Decrease) in Invested Capital		 -122 -96 -22 -23 -168 -151 -124 -55 -52 -5.74 2.29
Enterprise Value (EV)		 2,492 2,597 2,622 2,807 2,349 2,505 2,447 2,660 2,449 3,042 3,170
Market Capitalization		 1,449 1,463 1,509 1,753 1,510 1,564 1,530 1,738 1,720 2,174 2,320
Book Value per Share		 $31.77 $31.72 $31.53 $31.77 $32.51 $32.81 $33.64 $34.05 $34.39 $35.40 $36.23
Tangible Book Value per Share		 ($34.42) ($33.33) ($32.78) ($31.56) ($30.22) ($29.20) ($27.43) ($27.12) ($26.39) ($25.36) ($23.53)
Total Capital		 2,106 2,163 2,150 2,116 2,134 2,146 2,172 2,184 2,183 2,179 2,199
Total Debt		 1,116 1,170 1,158 1,114 1,107 1,110 1,107 1,104 1,098 1,076 1,064
Total Long-Term Debt		 1,100 1,154 1,142 1,097 1,087 1,090 1,092 1,089 1,083 1,061 1,048
Net Debt		 1,043 1,134 1,114 1,054 839 941 916 922 729 867 850
Capital Expenditures (CapEx)		 8.46 7.77 0.73 2.19 1.03 2.61 2.48 2.29 -5.29 2.29 1.08
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -23 81 61 33 -144 -14 5.04 17 -135 42 93
Debt-free Net Working Capital (DFNWC)		 50 116 105 93 124 155 195 199 234 251 307
Net Working Capital (NWC)		 35 101 88 76 104 135 181 184 219 236 291
Net Nonoperating Expense (NNE)		 -1.90 29 26 23 24 20 18 17 18 17 16
Net Nonoperating Obligations (NNO)		 1,043 1,134 1,114 1,054 839 941 916 922 729 867 850
Total Depreciation and Amortization (D&A)		 31 31 32 30 30 30 29 30 30 30 30
Debt-free, Cash-free Net Working Capital to Revenue		 -0.57% 2.00% 1.47% 0.79% -3.34% -0.32% 0.12% 0.38% -3.00% 0.90% 1.89%
Debt-free Net Working Capital to Revenue		 1.26% 2.88% 2.55% 2.21% 2.87% 3.59% 4.51% 4.51% 5.23% 5.32% 6.27%
Net Working Capital to Revenue		 0.87% 2.50% 2.14% 1.81% 2.41% 3.13% 4.17% 4.17% 4.90% 5.00% 5.94%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.01) $0.04 ($0.21) $0.48 $0.79 $0.26 $0.71 $0.78 $0.72 $0.61 $0.82
Adjusted Weighted Average Basic Shares Outstanding		 31.08M 31.35M 31.47M 31.55M 31.49M 31.59M 31.69M 31.62M 31.56M 31.21M 31.33M
Adjusted Diluted Earnings per Share		 ($0.01) $0.04 ($0.21) $0.47 $0.78 $0.25 $0.70 $0.77 $0.73 $0.60 $0.81
Adjusted Weighted Average Diluted Shares Outstanding		 31.08M 31.79M 31.47M 31.97M 31.97M 32.02M 31.88M 31.86M 31.82M 31.51M 31.52M
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		 31.33M 31.46M 31.56M 31.56M 31.57M 31.68M 31.71M 31.54M 31.17M 31.31M 31.35M
Normalized Net Operating Profit after Tax (NOPAT)		 27 21 19 38 49 28 40 42 41 35 41
Normalized NOPAT Margin		 2.59% 2.10% 1.79% 3.55% 4.24% 2.72% 3.73% 3.58% 3.35% 2.83% 3.29%
Pre Tax Income Margin		 0.76% 0.11% -0.76% 1.81% 2.27% 0.99% 2.73% 2.81% 2.35% 1.88% 2.64%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 149.06 0.00 11.36 0.00 0.00 14.45 160.90 0.00 0.00 0.00 29.71
NOPAT to Interest Expense		 -9.72 0.00 9.61 0.00 0.00 12.47 128.60 0.00 0.00 0.00 23.78
EBIT Less CapEx to Interest Expense		 114.66 0.00 10.99 0.00 0.00 13.28 152.97 0.00 0.00 0.00 29.09
NOPAT Less CapEx to Interest Expense		 -44.12 0.00 9.24 0.00 0.00 11.29 120.67 0.00 0.00 0.00 23.16
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% 38.52% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

V2X, Inc. (NYSE: VVX) showed a mixed but improving operating picture in Q1 2026, with stronger revenue growth and profitability than a year ago, but cash flow and leverage remain important watch items.

Quarter over quarter, revenue rose to $1.254 billion in Q1 2026 from $1.219 billion in Q4 2025 and $1.016 billion in Q1 2025. Gross profit also improved to $105.8 million, while operating income reached $44.1 million, up from $34.3 million in Q1 2025. Net income came in at $18.9 million, or $0.60 diluted EPS, versus $8.1 million and $0.25 diluted EPS in the prior-year quarter.

That said, the quarter was not especially strong on cash generation. V2X reported negative operating cash flow of $129.9 million in Q1 2026, compared with positive operating cash flow of $209.5 million in Q4 2025 and a negative $95.5 million in Q1 2025. The swing appears tied to a large change in operating assets and liabilities, which weighed on cash from operations.

The balance sheet also shows a meaningful debt load. Total debt stood at about $1.075 billion, while cash and equivalents were $208.7 million at the end of Q1 2026. Total liabilities of $2.086 billion were high relative to total equity of $1.104 billion, suggesting leverage remains a key part of the investment story.

  • Revenue growth accelerated: Q1 2026 revenue increased year over year, continuing the recent upward trend.
  • Profitability improved: Net income rose to $18.9 million from $8.1 million in Q1 2025.
  • Operating income expanded: Operating income improved to $44.1 million, indicating better core execution.
  • EPS strengthened: Diluted EPS increased to $0.60 from $0.25 in the prior-year quarter.
  • Revenue trend has been steadily higher: Quarterly sales have generally climbed from 2024 into 2026.
  • Accounts receivable remains large: Receivables were $828.8 million, which is worth watching for working-capital efficiency.
  • Goodwill and intangibles are sizable: These assets make up a large portion of the balance sheet and can create impairment risk if performance weakens.
  • Operating cash flow was deeply negative: Q1 2026 operating cash flow was -$129.9 million, down sharply from the prior quarter.
  • Debt remains elevated: Total debt exceeds cash by a wide margin, leaving the company dependent on consistent cash generation.
  • Other income dragged on pretax results: Non-operating items reduced pretax income by about $20.6 million in Q1 2026.

Looking at the last four years, V2X appears to have moved from the volatile, sometimes loss-making period of 2022-2024 into a more stable and profitable 2025-2026 run-rate. The biggest question for investors is whether that earnings progress will translate into durable free cash flow. If operating cash flow normalizes, the company could look meaningfully stronger; if not, the leverage burden may continue to limit upside.

08/23/26 06:33 AM ETAI Generated. May Contain Errors.

V2X Financials - Frequently Asked Questions

According to the most recent income statement we have on file, V2X's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Over the last 10 years, V2X's net income changed from $30.97 million in 2015 to $77.88 million in 2025, a change of 151.5%. View V2X's forecast to see where analysts expect V2X to go next.

V2X's total operating income in 2025 was $194.27 million, based on the following breakdown:
  • Total Gross Profit: $373.38 million
  • Total Operating Expenses: $179.11 million

Over the last 10 years, V2X's total revenue changed from $1.18 billion in 2015 to $4.48 billion in 2025, a change of 279.4%.

V2X's total liabilities were at $2.19 billion at the end of 2025, a 0.7% decrease from 2024, and a 453.7% increase since 2015.

In the past 10 years, V2X's cash and equivalents has ranged from $35.32 million in 2019 to $368.99 million in 2025, and is currently $368.99 million as of their latest financial filing in 2025.

Over the last 10 years, V2X's book value per share changed from 8.43 in 2015 to 34.39 in 2025, a change of 308.2%.


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Financial statements for NYSE:VVX last updated on 8/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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