VSE (VSEC) Revenue & Revenue Breakdown

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VSE Revenue Highlights

Latest Revenue (Y)

$1.08B

Latest Revenue (Q)

$282.91M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

VSE Revenue by Period

VSE Revenue by Year

Date	Revenue	Change
2024-12-31	$1.08B	25.53%
2023-12-31	$860.49M	-9.40%
2022-12-31	$949.76M	26.49%
2021-12-31	$750.85M	13.48%
2020-12-31	$661.66M	-12.09%
2019-12-31	$752.63M	7.95%
2018-12-31	$697.22M	-8.27%
2017-12-31	$760.11M	9.88%
2016-12-31	$691.79M	29.55%
2015-12-31	$533.98M	25.92%
2014-12-31	$424.07M	-10.09%
2013-12-31	$471.64M	-13.74%
2012-12-31	$546.75M	-11.61%
2011-12-31	$618.59M	-28.57%
2010-12-31	$866.04M	-14.65%
2009-12-31	$1.01B	-2.79%
2008-12-31	$1.04B	59.80%
2007-12-31	$653.16M	79.57%
2006-12-31	$363.73M	29.84%
2005-12-31	$280.14M	29.69%
2004-12-31	$216.01M	60.65%
2003-12-31	$134.46M	0.06%
2002-12-31	$134.38M	20.44%
2001-12-31	$111.57M	-8.75%
2000-12-31	$122.27M	-22.32%
1999-12-31	$157.40M	-12.65%
1998-12-31	$180.20M	15.59%
1997-12-31	$155.90M	29.81%
1996-12-31	$120.10M	59.92%
1995-12-31	$75.10M	14.48%
1994-12-31	$65.60M	-17.59%
1993-12-31	$79.60M	-

VSE generated $1.08B in revenue during NA 2024, up 25.53% compared to the previous quarter, and up 143.51% compared to the same period a year ago.

VSE Revenue by Quarter

Date	Revenue	Change
2025-09-30	$282.91M	3.96%
2025-06-30	$272.14M	6.29%
2025-03-31	$256.05M	-14.37%
2024-12-31	$299.02M	9.29%
2024-09-30	$273.61M	41.89%
2024-06-30	$192.83M	18.75%
2024-03-31	$162.38M	-31.00%
2023-12-31	$235.32M	1.72%
2023-09-30	$231.35M	12.73%
2023-06-30	$205.22M	-19.66%
2023-03-31	$255.43M	9.01%
2022-12-31	$234.32M	-3.37%
2022-09-30	$242.49M	0.32%
2022-06-30	$241.71M	4.53%
2022-03-31	$231.24M	10.02%
2021-12-31	$210.18M	4.78%
2021-09-30	$200.58M	14.54%
2021-06-30	$175.11M	6.14%
2021-03-31	$164.98M	9.97%
2020-12-31	$150.02M	-9.36%
2020-09-30	$165.50M	-1.90%
2020-06-30	$168.72M	-4.91%
2020-03-31	$177.42M	-9.14%
2019-12-31	$195.27M	-1.54%
2019-09-30	$198.33M	4.87%
2019-06-30	$189.11M	11.29%
2019-03-31	$169.92M	-6.12%
2018-12-31	$181.00M	7.14%
2018-09-30	$168.93M	-0.86%
2018-06-30	$170.39M	-3.68%
2018-03-31	$176.90M	-9.19%
2017-12-31	$194.79M	11.85%
2017-09-30	$174.16M	-10.16%
2017-06-30	$193.86M	-1.74%
2017-03-31	$197.29M	-8.19%
2016-12-31	$214.90M	24.38%
2016-09-30	$172.78M	7.67%
2016-06-30	$160.47M	11.72%
2016-03-31	$143.64M	-0.71%
2015-12-31	$144.67M	5.29%
2015-09-30	$137.40M	4.78%
2015-06-30	$131.13M	8.56%
2015-03-31	$120.79M	27.21%
2014-12-31	$94.95M	-6.68%
2014-09-30	$101.75M	-5.75%
2014-06-30	$107.96M	-9.59%
2014-03-31	$119.41M	-2.40%
2013-12-31	$122.35M	10.16%
2013-09-30	$111.07M	-6.71%
2013-06-30	$119.06M	-0.08%
2013-03-31	$119.16M	3.61%
2012-12-31	$115.00M	-22.42%
2012-09-30	$148.25M	6.53%
2012-06-30	$139.16M	-3.59%
2012-03-31	$144.34M	-3.05%
2011-12-31	$148.88M	-6.91%
2011-09-30	$159.92M	0.87%
2011-06-30	$158.55M	4.83%
2011-03-31	$151.24M	-28.81%
2010-12-31	$212.44M	-0.23%
2010-09-30	$212.94M	0.22%
2010-06-30	$212.47M	-6.88%
2010-03-31	$228.18M	-10.87%
2009-12-31	$256.01M	-2.68%
2009-09-30	$263.07M	3.12%
2009-06-30	$255.11M	6.09%
2009-03-31	$240.46M	-18.91%
2008-12-31	$296.51M	-3.36%
2008-09-30	$306.81M	21.90%
2008-06-30	$251.69M	33.36%
2008-03-31	$188.72M	-4.75%
2007-12-31	$198.14M	-

VSE generated $282.91M in revenue during Q3 2025, up 3.96% compared to the previous quarter, and up 146.72% compared to the same period a year ago.

VSE Revenue Breakdown

VSE Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Service	$303.46M	$167.45M	$387.28M	$349.92M	$343.33M
Product	$776.68M	$693.03M	$562.48M	$400.94M	$318.32M

VSE's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (71.91%), and Service (28.09%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20
Product	$176.03M	$173.60M	$160.55M	$212.58M	$188.33M	$188.58M	$187.18M	$183.28M	$184.69M	$166.00M	$159.07M	$143.46M	$138.22M	$143.58M	$137.23M	$124.89M	$113.00M	$84.46M	$78.58M	$75.29M
Service	$106.87M	$98.54M	$95.49M	$86.44M	$85.28M	$77.38M	$54.36M	-	$46.66M	$39.23M	$96.37M	$90.86M	$104.27M	$98.14M	$94.01M	$85.29M	$87.58M	$90.65M	$86.40M	$74.73M

VSE's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Product (62.22%), and Service (37.78%).

VSE Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Non-US	$294.53M	$203.72M	$111.83M	$81.96M	$63.52M
UNITED STATES	$785.60M	$656.77M	$837.93M	$668.89M	$598.14M

VSE's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (72.73%), and Non-US (27.27%).

VSE Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
RHI	Robert Half	$5.80B	$1.37B
TPC	Tutor Perini	$4.33B	$1.37B
MYRG	MYR Group	$3.36B	$900.33M
AIR	AAR	$2.78B	-
VSEC	VSE	$1.08B	$282.91M
HAYW	Hayward	$1.05B	$299.60M
EXPO	Exponent	$558.51M	$141.96M
LUNR	Intuitive Machines	$228.00M	$50.31M
POWW	Outdoor	$145.06M	$-42.16M
AMPX	Amprius	$24.17M	$11.28M

VSEC Revenue FAQ

What is VSE’s yearly revenue?

VSE's yearly revenue for 2024 was $1.08B, representing an increase of 25.53% compared to 2023. The company's yearly revenue for 2023 was $860.49M, representing a decrease of -9.40% compared to 2022. VSEC's yearly revenue for 2022 was $949.76M, representing an increase of 26.49% compared to 2021.

What is VSE’s quarterly revenue?

VSE's quarterly revenue for Q3 2025 was $282.91M, a 3.96% increase from the previous quarter (Q2 2025), and a 3.40% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $272.14M, a 6.29% increase from the previous quarter (Q1 2025), and a 41.13% increase year-over-year (Q2 2024). VSEC's quarterly revenue for Q1 2025 was $256.04M, a -14.37% decrease from the previous quarter (Q4 2024), and a 57.68% increase year-over-year (Q1 2024).

What is VSE’s revenue growth rate?

VSE's revenue growth rate for the last 3 years (2022-2024) was 13.73%, and for the last 5 years (2020-2024) was 63.25%.

What are VSE’s revenue streams?

VSE's revenue streams in c 24 are Service, and Product. Service generated $303.46M in revenue, accounting 28.09% of the company's total revenue, up 81.22% year-over-year. Product generated $776.68M in revenue, accounting 71.91% of the company's total revenue, up 12.07% year-over-year.

What is VSE’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of VSE was Product. This segment made a revenue of $776.68M, representing 71.91% of the company's total revenue.