Industry Revenue Breakdown:

• Aviation: 45%
• Defense: 30%
• Vehicle Maintenance and Repair: 25%

Top 3 Markets:

• USA: 60%
• Europe: 25%
• Asia: 15%

The VSE Corporation generates the majority of its revenue from the aviation industry, followed by defense and vehicle maintenance services. The U.S. market is the largest single market for the company, attributed to its strong presence and demand in the aviation and defense industries.

Europe and Asia are also significant markets, with Europe holding a larger share due to strategic partnerships and contracts in the region. Asia shows growing potential, especially through expansion into emerging markets and increasing demand for aviation and defense services.

Production Sites: USA, especially in the states of Alabama and Virginia.

VSE Corporation is a US-based company specializing in services and products for the defense and aerospace industries. The main production facilities are located in the USA, with Alabama and Virginia serving as central locations for the manufacturing and maintenance of products and services.

The company focuses on providing technical, logistical, and management services primarily to the US government and commercial customers.

Revenue Growth: Estimated 10-12% annually (2025 forecast)

Profit Growth: Estimated 8-10% annually (2025 forecast)

VSE Corporation pursues a growth strategy that heavily focuses on diversification and expansion into new markets. The company aims to expand its services in the aviation and defense sector, particularly through strategic acquisitions and partnerships.

Another key focus is on digitization and the implementation of new technologies to increase efficiency and enhance customer experience. VSE also invests in developing sustainable solutions to meet the growing demands for environmental standards.

Through these measures, the company expects to strengthen its market position and achieve long-term profitable growth.

Main Imported Raw Materials/Components: Aluminum, Steel, Electronic Components

Countries of Origin:

• Aluminum: Canada, China
• Steel: South Korea, Germany
• Electronic Components: Taiwan, Japan

VSE Corporation sources a variety of raw materials and components necessary for its various business segments. Aluminum and steel are essential materials for the manufacturing and repair of vehicles and machinery. These are mainly imported from Canada and South Korea to ensure quality and availability.

Electronic components needed for the technical equipment and modernization of systems primarily come from Taiwan and Japan. These countries are known for their advanced technology and high production standards, which are crucial for VSE Corporation to remain competitive.

Market share: 5% (estimated, 2025)
EBITDA margin: 10.2% (2024)
Return on Equity (ROE): 8.5% (2024)

VSE Corporation has a moderate competitive advantage in the industry it operates in. The market share of about 5% indicates that the company operates in a highly fragmented market, intensifying competition.

The EBITDA margin of 10.2% shows that VSE Corporation is able to efficiently manage its costs and maintain solid profitability. This is an indicator of operational efficiency, although not exceptionally high compared to industry leaders.

The Return on Equity of 8.5% is another indication that the company is able to achieve adequate returns from its equity investments. However, this value lags behind industry leaders, indicating limited competitive advantages.

Overall, VSE Corporation has some strengths in terms of operational efficiency but needs to continue working on improving its market position to gain a significant competitive advantage.

Institutional Investor Share: 75% (estimated, 2025)

Insider Buys/Sells: No significant changes (estimated, 2025)

The institutional investor share in VSE Corporation is estimated to be around 75%. This suggests that a large portion of the shares are held by major institutional investors, indicating a certain level of trust in the company's stability and growth potential.

Regarding insider buys and sells, there are no significant changes or notable transactions indicating altered confidence from management in the company's development. This could suggest that the management is satisfied with the current corporate strategy.

Market share of VSE Corporation: Estimate: 2-3% (2025)

Top competitors and their market shares (estimates):

1. Honeywell International Inc.: 15%
2. Raytheon Technologies Corporation: 12%
3. General Dynamics Corporation: 10%
4. Lockheed Martin Corporation: 9%
5. Northrop Grumman Corporation: 8%
6. L3Harris Technologies, Inc.: 7%
7. BAE Systems plc: 6%
8. Leidos Holdings, Inc.: 5%
9. Boeing Company: 4%
10. VSE Corporation: 2-3%

Moat of VSE Corporation:

VSE Corporation has a moderate moat, mainly based on specialized services and niche markets. The company is known for its expertise in maintenance, repair, and overhaul (MRO) of vehicles and aircraft, giving it an advantage in certain segments.

Compared to larger competitors like Honeywell or Raytheon, which have extensive resources and a broader product portfolio, VSE's moat is less pronounced. These larger companies benefit from economies of scale, extensive R&D budgets, and a stronger global presence.

However, VSE could stand out through specialized services and strong customer loyalty in specific niche markets. Nevertheless, competition remains intense, and larger competitors tend to have a stronger moat due to their comprehensive market presence and technological leadership.

Revenue Growth: 9.8% (2024) EBITDA Growth: 11.2% (2024) Net Income Growth: 10.5% (2024)

VSE Corporation recorded solid revenue growth of 9.8% in 2024, attributed to successful expansion into new markets and increased demand for its services. The 11.2% EBITDA growth indicates that the company has become more efficient and was able to improve its operating margins.

The 10.5% net income growth suggests that VSE Corporation was not only able to increase its revenues but also control costs, leading to improved profitability. These positive financial developments could indicate that the stock presents an attractive investment opportunity.

Additionally, the company has invested in research and development in recent years to expand its product range and offer innovative solutions. These strategic initiatives could further strengthen future growth potential.

Overall, the financial metrics and strategic measures indicate that VSE Corporation is well positioned to achieve further growth in the coming years. This could make the stock a good investment opportunity, especially for investors interested in long-term growth.

Dividend yield: 1.2% (2025, estimated)
Dividend history: Regular payout for several years

VSE Corporation pays a dividend, with the current dividend yield estimated at around 1.2%. The company has regularly distributed dividends in the past, indicating a certain level of reliability.

The continuity of dividend payments suggests that VSE Corporation pursues a stable financial policy. Analysts consider the dividend relatively safe as long as the company maintains its earning power and does not face significant financial burdens.