VSE Corporation Cash Flow Quality Index
VSE Corporation cash flow quality index. VSE Corporation (VSEC) has a Cash Flow Quality Index of 0.97x as of June 2026. Operating cash flow of $27.56 Million is below net income of $28.52 Million, suggesting accrual-heavy earnings not yet converted to cash. See VSEC free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Cash Flow Quality Index of VSE Corporation (1990–2025)
Cash flow quality index of VSE Corporation from 1990 to 2025. Historical Cash Flow Quality Index for VSE Corporation across 33 annual periods. Values consistently above 1.0x indicate high-quality earnings. Explore VSEC debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
VSE Corporation Cash Flow Quality Index by Year (1990–2025)
VSE Corporation cash flow quality index by year from 1990 to 2025. Year-by-year earnings quality comparison for VSE Corporation. For the full cash flow conversion analysis, see VSEC operating cash flow.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.50x | $26.99 Million | $53.49 Million | ▲ +124.9% |
| 2024 | -2.03x | $-31.04 Million | $15.32 Million | ▼ -263.1% |
| 2023 | -0.56x | $-21.83 Million | $39.13 Million | ▼ -294.4% |
| 2022 | 0.29x | $8.05 Million | $28.06 Million | ▲ +113.0% |
| 2021 | -2.21x | $-17.60 Million | $7.97 Million | ▼ -554.7% |
| 2019 | 0.49x | $17.99 Million | $37.02 Million | ▼ -9.6% |
| 2018 | 0.54x | $18.86 Million | $35.08 Million | ▼ -58.3% |
| 2017 | 1.29x | $50.42 Million | $39.10 Million | ▼ -26.8% |
| 2016 | 1.76x | $47.19 Million | $26.79 Million | ▲ +16.8% |
| 2015 | 1.51x | $37.57 Million | $24.92 Million | ▼ -41.3% |
| 2014 | 2.57x | $49.72 Million | $19.36 Million | ▲ +3.7% |
| 2013 | 2.48x | $56.60 Million | $22.85 Million | ▼ -11.3% |
| 2012 | 2.79x | $59.48 Million | $21.29 Million | ▲ +67.5% |
| 2011 | 1.67x | $34.26 Million | $20.55 Million | ▲ +122.0% |
| 2010 | 0.75x | $17.79 Million | $23.69 Million | ▼ -26.0% |
| 2009 | 1.02x | $24.39 Million | $24.02 Million | ▼ -15.7% |
| 2008 | 1.20x | $22.93 Million | $19.04 Million | ▲ +105.9% |
| 2007 | 0.58x | $8.25 Million | $14.10 Million | ▲ +179.3% |
| 2006 | 0.21x | $1.63 Million | $7.79 Million | ▼ -91.7% |
| 2005 | 2.53x | $15.63 Million | $6.17 Million | ▲ +200.2% |
| 2004 | -2.53x | $-8.71 Million | $3.44 Million | ▼ -179.6% |
| 2003 | 3.18x | $6.39 Million | $2.01 Million | ▼ -58.4% |
| 2002 | 7.63x | $4.98 Million | $652.00K | ▲ +363.3% |
| 2001 | 1.65x | $1.41 Million | $855.00K | ▼ -21.0% |
| 2000 | 2.09x | $2.02 Million | $968.00K | ▼ -25.5% |
| 1999 | 2.80x | $4.20 Million | $1.50 Million | ▲ +31.8% |
| 1998 | 2.13x | $3.40 Million | $1.60 Million | ▲ +182.1% |
| 1996 | -2.59x | $-4.40 Million | $1.70 Million | ▼ -935.3% |
| 1995 | -0.25x | $-400.00K | $1.60 Million | ▼ -106.6% |
| 1994 | 3.81x | $6.10 Million | $1.60 Million | ▲ +251.9% |
| 1993 | 1.08x | $1.30 Million | $1.20 Million | ▼ -54.6% |
| 1992 | 2.38x | $3.10 Million | $1.30 Million | ▼ -51.8% |
| 1990 | 4.95x | $9.40 Million | $1.90 Million | — |