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$2.1B

Current Price$65.61

P/E Ratio26.78

P/B Ratio1.89

EV / EBITDA9.34

EV / Sales0.63

Profitability

Operating Margin-

Net Profit Margin1.7%

EBITDA Margin6.6%

Returns

ROE7.2%

ROCE-

ROIC %7.8%

ROA2.4%

Solvency

Current Ratio1.22

Debt / Equity1.01

Debt / Assets0.33

CFO / Net Profit2.34

Price History▲ 30.65% 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

Net Profit$78M▲ 124.5%

Cash from Ops (CFO)$182M

Free Cash Flow (FCF)$170M

Revenue CAGR 3Y-

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%	-
2023	$4.0B	$211M	$-23M	$163M	-2.3%	37.1%	-
2022	$2.9B	$118M	$-14M	$81M	-1.4%	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2022	2023	2024	2025
Total Revenue	2,890.86	3,963.13	4,322.15	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
Operating Income	55.77	124.42	159.20	194.27
EBITDA	118.40	211.24	262.88	295.77
EBIT	55.77	97.92	148	183.25
Pretax Income	-6.11	-24.52	38.84	100.90
Tax Provision	8.22	-1.95	4.16	23.02
Net Income	-14.33	-22.57	34.68	77.88
Net Income Common Stockholders	-14.33	-22.57	34.68	77.88
Total Expenses	2,835.09	3,838.71	4,162.95	4,285.77
Interest Expense	61.88	122.44	109.16	82.34
Interest Income	0.17	0.97	1.26	2.44
Selling General And Administration	239.24	210.44	183.76	179.11
Normalized EBITDA	118.40	233.53	264.88	298.30
Normalized Income	-14.33	-2.04	36.47	79.83
Basic EPS	-0.68	-0.73	1.10	2.47
Diluted EPS	-0.68	-0.73	1.08	2.45
Tax Effect Of Unusual Items	0	-1.77	-0.21	-0.58
Tax Rate For Calcs	0.21	0.08	0.11	0.23
Total Unusual Items	0	-22.30	-2	-2.53
Total Unusual Items Excluding Goodwill	0	-22.30	-2	-2.53
Net Income From Continuing Operation Net Minority Interest	-14.33	-22.57	34.68	77.88
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
Net Interest Income	-61.88	-122.44	-107.90	-79.91
Net Income From Continuing And Discontinued Operation	-14.33	-22.57	34.68	77.88
Total Operating Income As Reported	55.77	124.42	159.20	194.27
Diluted Average Shares	21	31.08	31.97	31.82
Basic Average Shares	21	31.08	31.48	31.56
Diluted NI Availto Com Stockholders	-14.33	-22.57	34.68	77.88
Net Income Including Noncontrolling Interests	-14.33	-22.57	34.68	77.88
Net Income Continuous Operations	-14.33	-22.57	34.68	77.88
Other Income Expense	0	-26.49	-12.46	-13.46
Other Non Operating Income Expenses	0	-4.19	-10.46	-10.93
Special Income Charges	0	-22.30	-2	-2.53
Other Special Charges	0	22.30	2	2.53
Net Non Operating Interest Income Expense	-61.88	-122.44	-107.90	-79.91
Interest Expense Non Operating	61.88	122.44	109.16	82.34
Interest Income Non Operating	0.17	0.97	1.26	2.44
Operating Revenue	2,890.86	3,963.13	4,322.15	4,480.04

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	$2.1B	26.78↑ premium	1.89	7.2%	9.34
Eos Energy Enterprises, Inc.	EOSE	$2.2B	-	-0.95	43.3%	-15.54
Huron Consulting Group Inc.	HURN	$2.1B	22.00	4.01	19.9%	11.58
Blue Bird Corporation	BLBD	$2.1B	15.52	7.17	50.0%	9.57
Custom Truck One Source, Inc.	CTOS	$2.1B	-

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 Stock Market Risks

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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%

2023

$4.0B

$211M

$-23M

$163M

-2.3%

37.1%

2022

$2.9B

$118M

$-14M

$81M

-1.4%

Metric

2022

2023

2024

2025

Total Revenue

2,890.86

3,963.13

4,322.15

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

Operating Income

55.77

124.42

159.20

194.27

EBITDA

118.40

211.24

262.88

295.77

EBIT

55.77

97.92

148

183.25

Pretax Income

-6.11

-24.52

38.84

100.90

Tax Provision

8.22

-1.95

4.16

23.02

Net Income

-14.33

-22.57

34.68

77.88

Net Income Common Stockholders

-14.33

-22.57

34.68

77.88

Total Expenses

2,835.09

3,838.71

4,162.95

4,285.77

Interest Expense

61.88

122.44

109.16

82.34

Interest Income

0.17

0.97

1.26

2.44

Selling General And Administration

239.24

210.44

183.76

179.11

Normalized EBITDA

118.40

233.53

264.88

298.30

Normalized Income

-14.33

-2.04

36.47

79.83

Basic EPS

-0.68

-0.73

1.10

2.47

Diluted EPS

-0.68

-0.73

1.08

2.45

Tax Effect Of Unusual Items

-1.77

-0.21

-0.58

Tax Rate For Calcs

0.21

0.08

0.11

0.23

Total Unusual Items

-22.30

-2

-2.53

Total Unusual Items Excluding Goodwill

-22.30

-2

-2.53

Net Income From Continuing Operation Net Minority Interest

-14.33

-22.57

34.68

77.88

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

Net Interest Income

-61.88

-122.44

-107.90

-79.91

Net Income From Continuing And Discontinued Operation

-14.33

-22.57

34.68

77.88

Total Operating Income As Reported

55.77

124.42

159.20

194.27

Diluted Average Shares

31.08

31.97

31.82

Basic Average Shares

31.08

31.48

31.56

Diluted NI Availto Com Stockholders

-14.33

-22.57

34.68

77.88

Net Income Including Noncontrolling Interests

-14.33

-22.57

34.68

77.88

Net Income Continuous Operations

-14.33

-22.57

34.68

77.88

Other Income Expense

-26.49

-12.46

-13.46

Other Non Operating Income Expenses

-4.19

-10.46

-10.93

Special Income Charges

-22.30

-2

-2.53

Other Special Charges

22.30

2.53

Net Non Operating Interest Income Expense

-61.88

-122.44

-107.90

-79.91

Interest Expense Non Operating

61.88

122.44

109.16

82.34

Interest Income Non Operating

0.17

0.97

1.26

2.44

Operating Revenue

2,890.86

3,963.13

4,322.15

4,480.04

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

V2X, Inc.this co.

VVX

$2.1B

26.78↑ premium

1.89

7.2%

9.34

Eos Energy Enterprises, Inc.

EOSE

$2.2B

-0.95

43.3%

-15.54

Huron Consulting Group Inc.

HURN

$2.1B

22.00

4.01

19.9%

11.58

Blue Bird Corporation

BLBD

$2.1B

15.52

7.17

50.0%

9.57

Custom Truck One Source, Inc.

CTOS

$2.1B

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