VSE Corporation (VSEC) — Cash Flow Quality Index
Latest as of September 2025:
6.71x
VSE Corporation (VSEC) has a Cash Flow Quality Index of 6.71x as of September 2025. Operating cash flow of $24.09 Million exceeds net income of $3.59 Million, indicating high earnings quality where cash backs reported profits. Explore VSEC debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
6.71x
Operating CF / Net Income
Operating Cash Flow
$24.09 Million
USD
Net Income
$3.59 Million
USD
Data as of
Sep 2025
Most recent filing
VSE Corporation Cash Flow Quality Index (1990–2024)
Historical Cash Flow Quality Index for VSE Corporation across 32 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see VSEC cash flow conversion.
Annual Cash Flow Quality Index for VSE Corporation (1990–2024)
Year-by-year earnings quality comparison for VSE Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 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 | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.