V2X, Inc.

VVX

IndustrialsSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

V2X, Inc. provides critical mission solutions and support services to defense customers internationally. It offers a suite of integrated solutions multi-domain impact readiness, integrated supply chain management, mission solutions, platform renewal and modernization, national security, defense, civilian, and international customers. The company was incorporated in 2014 and is headquartered in Reston, Virginia. V2X, Inc. is a subsidiary of Vertex Aerospace Holdco LLC.

Valuation

Market Cap$2.6B

Current Price$83.39as of Jun 23, 2026

P/E Ratio33.65

P/B Ratio2.42

EV / EBITDA11.33

EV / Sales0.75

Profitability

Operating Margin4.3%

Net Profit Margin1.7%

EBITDA Margin6.6%

Returns

ROE7.2%

ROCE8.4%

ROIC %7.8%

ROA2.4%

Solvency

Current Ratio1.22

Debt / Equity1.01

Debt / Assets0.33

CFO / Net Profit2.34

Price History▲ 82.31% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$4.5B▲ 3.7%

EBITDA$296M▲ 12.5%

Net Profit$78M▲ 124.5%

Cash from Ops (CFO)$182M▼ 28.4%

Free Cash Flow (FCF)$170M▼ 29.9%

Revenue CAGR 3Y15.7%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$4.5B	$296M	$78M	$170M	7.2%	3.7%	124.5%
2024	$4.3B	$263M	$35M	$242M	3.4%	9.1%	-253.7%
2023	$4.0B	$211M	$-23M	$163M	-2.3%	37.1%	57.5%
2022	$2.9B	$118M	$-14M	$81M	-1.4%	-	-
2021	-	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	2,890.86	3,963.13	4,322.16	4,480.04
Operating Revenue	-	2,890.86	3,963.13	4,322.16	4,480.04
Cost Of Revenue	-	2,595.85	3,628.27	3,979.19	4,106.66
Gross Profit	-	295.01	334.86	342.96	373.38
Operating Expense	-	239.24	210.44	183.76	179.11
Selling General And Administration	-	239.24	210.44	183.76	179.11
Total Expenses	-	2,835.09	3,838.71	4,162.95	4,285.77
Operating Income	-	55.77	124.42	159.20	194.27
Total Operating Income As Reported	-	55.77	124.42	159.20	194.27
EBITDA	-	118.40	211.24	262.88	295.77
Normalized EBITDA	-	118.40	233.53	264.88	298.30
EBIT	-	55.77	97.92	148	183.25
Interest Income	-	0.16	0.97	1.26	2.44
Interest Expense	-	61.88	122.44	109.16	82.34
Net Interest Income	-	-61.88	-122.44	-107.90	-79.91
Other Non Operating Income Expenses	-	-	-4.19	-10.46	-10.93
Other Income Expense	-	-	-26.49	-12.46	-13.46
Interest Income Non Operating	-	0.16	0.97	1.26	2.44
Interest Expense Non Operating	-	61.88	122.44	109.16	82.34
Net Non Operating Interest Income Expense	-	-61.88	-122.44	-107.90	-79.91
Pretax Income	-	-6.11	-24.52	38.84	100.90
Tax Provision	-	8.22	-1.94	4.16	23.02
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	-1.77	-0.21	-0.58
Net Income Continuous Operations	-	-14.33	-22.57	34.68	77.88
Net Income From Continuing And Discontinued Operation	-	-14.33	-22.57	34.68	77.88
Net Income From Continuing Operation Net Minority Interest	-	-14.33	-22.57	34.68	77.88
Net Income	-	-14.33	-22.57	34.68	77.88
Net Income Common Stockholders	-	-14.33	-22.57	34.68	77.88
Net Income Including Noncontrolling Interests	-	-14.33	-22.57	34.68	77.88
Normalized Income	-	-14.33	-2.04	36.47	79.83
Diluted NI Availto Com Stockholders	-	-14.33	-22.57	34.68	77.88
Basic Average Shares	-	21	31.08	31.48	31.56
Diluted Average Shares	-	21	31.08	31.97	31.82
Reconciled Depreciation	-	62.63	113.31	114.88	112.52
Reconciled Cost Of Revenue	-	2,595.85	3,628.27	3,979.19	4,106.66
Total Unusual Items	-	0	-22.30	-2	-2.53
Total Unusual Items Excluding Goodwill	-	0	-22.30	-2	-2.53
Special Income Charges	-	0	-22.30	-2	-2.53
Other Special Charges	-	-	22.30	2	2.53

Peer Comparison

Industrials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
V2X, Inc.this co.	VVX	$2.6B	33.65	2.42	7.2%	11.33
Exponent, Inc.	EXPO	$2.9B	27.22	7.39	27.2%	21.15
Atkore Inc.	ATKR	$2.9B	-188.99	2.05	-1.1%	18.87
Helios Technologies, Inc.	HLIO	$2.8B	58.68	3.05	5.2%	21.28
Voyager Technologies, Inc.	VOYG	$2.8B	-26.97	7.37

Learn while you research

Hand-picked academy chapters to deepen your understanding of V2X, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$4.5B

$296M

$78M

$170M

7.2%

3.7%

124.5%

2024

$4.3B

$263M

$35M

$242M

3.4%

9.1%

-253.7%

2023

$4.0B

$211M

$-23M

$163M

-2.3%

37.1%

57.5%

2022

$2.9B

$118M

$-14M

$81M

-1.4%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

2,890.86

3,963.13

4,322.16

4,480.04

Operating Revenue

2,890.86

3,963.13

4,322.16

4,480.04

Cost Of Revenue

2,595.85

3,628.27

3,979.19

4,106.66

Gross Profit

295.01

334.86

342.96

373.38

Operating Expense

239.24

210.44

183.76

179.11

Selling General And Administration

239.24

210.44

183.76

179.11

Total Expenses

2,835.09

3,838.71

4,162.95

4,285.77

Operating Income

55.77

124.42

159.20

194.27

Total Operating Income As Reported

55.77

124.42

159.20

194.27

EBITDA

118.40

211.24

262.88

295.77

Normalized EBITDA

118.40

233.53

264.88

298.30

EBIT

55.77

97.92

148

183.25

Interest Income

0.16

0.97

1.26

2.44

Interest Expense

61.88

122.44

109.16

82.34

Net Interest Income

-61.88

-122.44

-107.90

-79.91

Other Non Operating Income Expenses

-4.19

-10.46

-10.93

Other Income Expense

-26.49

-12.46

-13.46

Interest Income Non Operating

0.16

0.97

1.26

2.44

Interest Expense Non Operating

61.88

122.44

109.16

82.34

Net Non Operating Interest Income Expense

-61.88

-122.44

-107.90

-79.91

Pretax Income

-6.11

-24.52

38.84

100.90

Tax Provision

8.22

-1.94

4.16

23.02

Tax Rate For Calcs

Tax Effect Of Unusual Items

-1.77

-0.21

-0.58

Net Income Continuous Operations

-14.33

-22.57

34.68

77.88

Net Income From Continuing And Discontinued Operation

-14.33

-22.57

34.68

77.88

Net Income From Continuing Operation Net Minority Interest

-14.33

-22.57

34.68

77.88

Net Income

-14.33

-22.57

34.68

77.88

Net Income Common Stockholders

-14.33

-22.57

34.68

77.88

Net Income Including Noncontrolling Interests

-14.33

-22.57

34.68

77.88

Normalized Income

-14.33

-2.04

36.47

79.83

Diluted NI Availto Com Stockholders

-14.33

-22.57

34.68

77.88

Basic Average Shares

31.08

31.48

31.56

Diluted Average Shares

31.08

31.97

31.82

Reconciled Depreciation

62.63

113.31

114.88

112.52

Reconciled Cost Of Revenue

2,595.85

3,628.27

3,979.19

4,106.66

Total Unusual Items

-22.30

-2

-2.53

Total Unusual Items Excluding Goodwill

-22.30

-2

-2.53

Special Income Charges

-22.30

-2

-2.53

Other Special Charges

22.30

2.53

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

V2X, Inc.this co.

VVX

$2.6B

33.65

2.42

7.2%

11.33

Exponent, Inc.

EXPO

$2.9B

27.22

7.39

27.2%

21.15

Atkore Inc.

ATKR

$2.9B

-188.99

2.05

-1.1%

18.87

Helios Technologies, Inc.

HLIO

$2.8B

58.68

3.05

5.2%

21.28

Voyager Technologies, Inc.

VOYG

$2.8B

-26.97

7.37

V2X, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

V2X, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on