VSE (VSEC) revenue breakdown
By segment, Aviation is the largest at 73% of fiscal 2024 revenue, growing 25% a year over 8 years.
By product, Products is the largest at 63% of fiscal 2025 revenue, growing 8% a year over 9 years.
Revenue by segment
Fiscal years, as VSE reports them in its 10-K filings; fiscal 2024 total $1.1B.
| Segments | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Aviation | $133M | $135M | $145M | $225M | $165M | $248M | $408M | $544M | $786M | 73% |
| Fleet | $205M | $215M | $215M | $215M | $242M | $234M | $261M | $316M | $294M | 27% |
| Federal and Defense | $353M | $411M | $337M | $314M | $254M | — | — | — | — | — |
Revenue by product
Fiscal years, as VSE reports them in its 10-K filings; fiscal 2025 total $1.1B.
| Products | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Products | $342M | $350M | $294M | $312M | $318M | $397M | $554M | $377M | $483M | $704M | 63% |
| Services | $350M | $410M | $403M | $441M | $343M | $84M | $115M | $167M | $303M | $408M | 37% |
Revenue by region
Fiscal years, as VSE reports them in its 10-K filings; fiscal 2025 total $1.1B.
| Regions | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $639M | $708M | $647M | $659M | $598M | $399M | $558M | $341M | $492M | $630M | 57% |
| Other Countries | $53M | $52M | $50M | $93M | $64M | $82M | $112M | $131M | $187M | $334M | 30% |
| Canada | — | — | — | — | — | — | — | $72M | $107M | $149M | 13% |
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In fiscal 2024, by segment: Aviation $786M, Fleet $294M.
From VSE's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.