14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 26.3% per year over the past 5 years.
Net income has grown slower than revenue (16.1% vs 26.3% per year).
Operating margin has expanded, at 4.3% in the latest year.
Free cash flow has grown 23.3% per year over the past 5 years.
Financial health
Total debt ($1.1B) exceeds cash ($369M); net debt is $729M.
Total debt has grown faster than revenue (43.7% vs 26.3% per year).
Total debt is 5.7× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$4.5B
$78M
8.3%
4.3%
$170M
$1.1B
$369M
2024
$4.3B
$35M
7.9%
3.7%
$242M
$1.1B
$268M
2023
$4.0B
-$23M
8.4%
3.1%
$163M
$1.1B
$73M
2022
$2.9B
-$14M
10.2%
1.9%
$81M
$1.3B
$116M
2021
$1.8B
$46M
9.0%
3.5%
$52M
$105M
$39M
2020
$1.4B
$37M
8.9%
3.1%
$60M
$179M
$69M
2019
$1.4B
$33M
9.3%
3.6%
$11M
$70M
$35M
2018
$1.3B
$35M
8.9%
3.8%
$30M
$74M
$66M
2017
$1.1B
$59M
9.1%
3.7%
$33M
$77M
$77M
2016
$1.2B
$24M
9.0%
3.6%
$36M
$84M
$48M
2015
—
$31M
—
—
$18M
$112M
—
2014
—
$23M
—
—
$39M
$134M
—
2013
—
$84M
—
—
$90M
$0
—
2012
—
$75M
—
—
$113M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Apr '26
$1.3B
$19M
8.4%
3.5%
-$132M
$1.1B
$209M
Dec '25
$1.2B
$23M
8.6%
4.2%
$207M
$1.1B
$369M
Sep '25
$1.2B
$25M
8.1%
4.8%
$35M
$1.1B
$182M
Jun '25
$1.1B
$22M
8.9%
4.9%
$26M
$1.1B
$190M
Mar '25
$1.0B
$8M
7.7%
3.4%
-$98M
$1.1B
$169M
Dec '24
$1.2B
$25M
9.3%
4.5%
$222M
$1.1B
$268M
Sep '24
$1.1B
$15M
8.5%
4.6%
$60M
$1.1B
$60M
Jun '24
$1.1B
-$7M
6.9%
2.6%
$25M
$1.2B
$45M
Mar '24
$1.0B
$1M
7.0%
3.0%
-$65M
$1.2B
$36M
Dec '23
$1.0B
-$492000
9.4%
3.7%
$44M
$1.1B
$73M
Sep '23
$1.0B
-$6M
7.1%
2.1%
$52M
$1.2B
$78M
Jun '23
$978M
$2M
8.9%
3.5%
$114M
$1.2B
$70M
Mar '23
$943M
-$17M
8.4%
3.2%
-$48M
$1.3B
$62M
Dec '22
$978M
-$11M
11.9%
3.2%
-$2M
$1.3B
$116M
Sep '22
$958M
-$17M
10.1%
0.5%
$67M
$1.3B
$147M
Jul '22
$498M
$10M
9.0%
3.0%
$45M
$89M
$35M
Apr '22
$456M
$3M
8.1%
1.1%
-$29M
$119M
$23M
Dec '21
$419M
$7M
7.5%
2.4%
$6M
$105M
$39M
Oct '21
$459M
$10M
8.8%
2.8%
$37M
$127M
$56M
Jul '21
$471M
$16M
10.2%
4.8%
$34M
$174M
$70M
Valuation over time
How the market has priced VVX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 43.2× (Dec '24) to 29.0× (Jun '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is VVX growing its revenue and profit?
Over the past 5 years, V2x, Inc.'s revenue has grown 26.3% per year, and net income grown 16.1% per year. These are computed facts, not advice.
How much debt does VVX have?
As of FY2025, V2x, Inc. reported $1.1B of total debt against $369M of cash.
What is VVX's profit margin?
In FY2025, gross margin was 8.3%, operating margin 4.3%, and net margin 1.7%.
What is VVX's P/E ratio?
As of Jun '26, V2x, Inc. traded at a price-to-earnings ratio of about 29.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.