VSE Corporation (VSEC) — Free Cash Flow Generation Index

Latest as of September 2025: 0.75x

VSE Corporation (VSEC) has a Free Cash Flow Generation Index of 0.75x as of September 2025. Free cash flow of $18.04 Million represents 1% of operating cash flow ($24.09 Million). Explore how much does VSE Corporation reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.

FCF Generation Index

0.75x
Free Cash Flow / Operating CF

Free Cash Flow

$18.04 Million
USD

Operating Cash Flow

$24.09 Million
USD

Capital Expenditures

$6.05 Million
USD

VSE Corporation Free Cash Flow Generation Index (1990–2022)

Historical FCF Generation Index trend for VSE Corporation across 29 annual periods. For the full cash flow conversion analysis, see VSEC cash generation efficiency.

Annual Free Cash Flow Generation for VSE Corporation (1990–2022)

Year-by-year Free Cash Flow Generation Index for VSE Corporation. Check VSE Corporation total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2022 -0.39x $-3.16 Million $8.05 Million $11.21 Million ▼ -144.8%
2020 0.88x $31.33 Million $35.76 Million $4.43 Million ▲ +88.5%
2019 0.46x $8.36 Million $17.99 Million $9.63 Million ▼ -44.3%
2018 0.83x $15.74 Million $18.86 Million $3.12 Million ▼ -9.8%
2017 0.93x $46.68 Million $50.42 Million $3.74 Million ▲ +7.5%
2016 0.86x $40.65 Million $47.19 Million $6.55 Million ▲ +19.8%
2015 0.72x $27.01 Million $37.57 Million $10.56 Million ▼ -22.8%
2014 0.93x $46.30 Million $49.72 Million $3.41 Million ▲ +1.0%
2013 0.92x $52.18 Million $56.60 Million $4.42 Million ▲ +42.0%
2012 0.65x $38.61 Million $59.48 Million $20.86 Million ▼ -19.5%
2011 0.81x $27.62 Million $34.26 Million $6.63 Million ▲ +10.5%
2010 0.73x $12.98 Million $17.79 Million $4.80 Million ▲ +13.0%
2009 0.65x $15.75 Million $24.39 Million $8.63 Million ▲ +14.7%
2008 0.56x $12.91 Million $22.93 Million $10.02 Million ▲ +1061.6%
2007 -0.06x $-483.00K $8.25 Million $8.73 Million ▲ +97.6%
2006 -2.44x $-3.99 Million $1.63 Million $5.62 Million ▼ -373.6%
2005 0.89x $13.96 Million $15.63 Million $1.67 Million ▲ +0.7%
2003 0.89x $5.67 Million $6.39 Million $720.00K ▼ -0.9%
2002 0.90x $4.46 Million $4.98 Million $521.00K ▲ +304.5%
2001 -0.44x $-617.00K $1.41 Million $2.03 Million ▼ -155.4%
2000 0.79x $1.60 Million $2.02 Million $424.00K ▲ +10.6%
1999 0.71x $3.00 Million $4.20 Million $1.20 Million ▲ +34.9%
1998 0.53x $1.80 Million $3.40 Million $1.60 Million ▼ -27.3%
1997 0.73x $5.90 Million $8.10 Million $2.20 Million ▼ -17.7%
1994 0.89x $5.40 Million $6.10 Million $700.00K ▲ +475.4%
1993 0.15x $200.00K $1.30 Million $1.10 Million ▼ -71.9%
1992 0.55x $1.70 Million $3.10 Million $1.40 Million ▼ -4.0%
1991 0.57x $1.20 Million $2.10 Million $900.00K ▼ -4.1%
1990 0.60x $5.60 Million $9.40 Million $3.80 Million
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).