VSE Corporation Tangible Net Worth Ratio
VSE Corporation tangible net worth ratio. VSE Corporation (VSEC) has a Tangible Net Worth Ratio of 67.5% as of June 2026. This metric is calculated by deducting intangible assets ($952.09 Million) from net assets ($2.93 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check how strategically is VSE Corporation's equity deployed to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of VSE Corporation (1985–2025)
Tangible net worth ratio of VSE Corporation from 1985 to 2025. This chart shows how VSE Corporation's Tangible Net Worth Ratio has changed across 41 annual periods from 1985 to 2025. As of June 2026, the ratio stands at 67.5%, reflecting net assets of $2.93 Billion with intangible assets of $952.09 Million USD. See working capital position of VSE Corporation to evaluate short-term liquidity relative to the company's equity base.
VSE Corporation Tangible Net Worth Ratio by Year (1985–2025)
VSE Corporation tangible net worth ratio by year from 1985 to 2025. The table below presents the year-by-year Tangible Net Worth Ratio for VSE Corporation from 1985 to 2025, covering 41 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see VSEC market cap overview.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 79.4% | $1.44 Billion | $295.96 Million | $2.03 Billion | ▼ -0.6 pp |
| 2024 | 80.0% | $988.19 Million | $197.28 Million | $1.73 Billion | ▼ -1.5 pp |
| 2023 | 81.5% | $616.73 Million | $114.13 Million | $1.35 Billion | ▲ +1.7 pp |
| 2022 | 79.8% | $449.53 Million | $90.62 Million | $999.79 Million | ▲ +5.8 pp |
| 2021 | 74.1% | $417.33 Million | $108.26 Million | $918.56 Million | ▲ +3.1 pp |
| 2020 | 70.9% | $356.32 Million | $103.59 Million | $780.08 Million | ▲ +7.3 pp |
| 2019 | 63.6% | $363.10 Million | $132.18 Million | $845.86 Million | ▼ -7.5 pp |
| 2018 | 71.1% | $328.39 Million | $94.89 Million | $638.83 Million | ▲ +8.9 pp |
| 2017 | 62.2% | $293.10 Million | $110.91 Million | $629.01 Million | ▲ +11.9 pp |
| 2016 | 50.3% | $255.19 Million | $126.93 Million | $661.84 Million | ▲ +11.4 pp |
| 2015 | 38.9% | $234.09 Million | $143.04 Million | $622.13 Million | ▼ -26.0 pp |
| 2014 | 64.9% | $205.49 Million | $72.21 Million | $355.33 Million | ▲ +8.9 pp |
| 2013 | 56.0% | $186.80 Million | $82.26 Million | $380.53 Million | ▲ +12.2 pp |
| 2012 | 43.8% | $164.34 Million | $92.42 Million | $410.21 Million | ▲ +18.0 pp |
| 2011 | 25.8% | $143.60 Million | $106.54 Million | $454.51 Million | ▼ -54.0 pp |
| 2010 | 79.8% | $123.78 Million | $25.00 Million | $288.43 Million | ▼ -11.0 pp |
| 2009 | 90.8% | $101.31 Million | $9.34 Million | $253.99 Million | ▲ +5.5 pp |
| 2008 | 85.3% | $76.12 Million | $11.18 Million | $275.97 Million | ▼ -0.4 pp |
| 2007 | 85.7% | $56.38 Million | $8.03 Million | $171.77 Million | ▼ -11.5 pp |
| 2006 | 97.2% | $38.24 Million | $1.05 Million | $98.53 Million | ▲ +0.7 pp |
| 2005 | 96.5% | $30.15 Million | $1.05 Million | $73.87 Million | ▲ +1.1 pp |
| 2004 | 95.4% | $23.04 Million | $1.05 Million | $60.35 Million | ▲ +1.0 pp |
| 2003 | 94.5% | $19.06 Million | $1.05 Million | $40.78 Million | ▲ +0.7 pp |
| 2002 | 93.8% | $17.04 Million | $1.05 Million | $31.68 Million | ▲ +4.9 pp |
| 2001 | 88.9% | $16.48 Million | $1.82 Million | $33.21 Million | ▲ +2.5 pp |
| 2000 | 86.5% | $15.79 Million | $2.13 Million | $31.52 Million | ▼ -4.9 pp |
| 1999 | 91.4% | $15.10 Million | $1.30 Million | $31.30 Million | ▲ +11.5 pp |
| 1998 | 79.9% | $13.90 Million | $2.80 Million | $40.70 Million | ▲ +4.7 pp |
| 1997 | 75.2% | $12.50 Million | $3.10 Million | $38.00 Million | ▼ -1.5 pp |
| 1996 | 76.7% | $14.60 Million | $3.40 Million | $48.30 Million | ▲ +5.4 pp |
| 1995 | 71.3% | $13.60 Million | $3.90 Million | $29.10 Million | ▼ -28.7 pp |
| 1994 | 100.0% | $12.10 Million | $0.00 | $21.30 Million | ▲ +0.0 pp |
| 1993 | 100.0% | $10.80 Million | $0.00 | $23.50 Million | ▲ +0.0 pp |
| 1992 | 100.0% | $9.60 Million | $0.00 | $20.80 Million | ▲ +0.0 pp |
| 1991 | 100.0% | $21.60 Million | $0.00 | $34.30 Million | ▲ +0.0 pp |
| 1990 | 100.0% | $26.80 Million | $0.00 | $59.60 Million | ▲ +0.0 pp |
| 1989 | 100.0% | $25.20 Million | $0.00 | $72.20 Million | ▲ +0.8 pp |
| 1988 | 99.2% | $25.90 Million | $200.00K | $71.90 Million | ▲ +0.0 pp |
| 1987 | 99.2% | $24.50 Million | $200.00K | $57.90 Million | ▲ +0.1 pp |
| 1986 | 99.1% | $22.90 Million | $200.00K | $56.70 Million | ▲ +0.1 pp |
| 1985 | 99.0% | $20.00 Million | $200.00K | $45.50 Million | — |