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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$4.5B
$78M
8.3%
4.3%
7.2%
2.4%
$170M
$1.1B
$369M
2024
$4.3B
$35M
7.9%
3.7%
3.4%
1.1%
$242M
$1.1B
$268M
2023
$4.0B
-$23M
8.4%
3.1%
-2.3%
-0.7%
$163M
$1.1B
$73M
2022
$2.9B
-$14M
10.2%
1.9%
-1.4%
-0.4%
$81M
$1.3B
$116M
2021
$1.8B
$46M
9.0%
3.5%
13.1%
5.1%
$52M
$105M
$39M
2020
$1.4B
$37M
8.9%
3.1%
12.1%
4.4%
$60M
$179M
$69M
2019
$1.4B
$33M
9.3%
3.6%
12.8%
5.2%
$11M
$70M
$35M
2018
$1.3B
$35M
8.9%
3.8%
15.9%
6.1%
$30M
$74M
$66M
2017
$1.1B
$59M
9.1%
3.7%
32.6%
12.0%
$33M
$77M
$77M
2016
$1.2B
$24M
9.0%
3.6%
20.1%
5.1%
$36M
$84M
$48M
2015
—
$31M
—
—
34.7%
6.4%
$18M
$112M
—
2014
—
$23M
—
—
42.3%
4.6%
$39M
$134M
—
2013
—
$84M
—
—
44.1%
17.3%
$90M
$0
—
2012
—
$75M
—
—
37.1%
—
$113M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Oct '26
$1.3B
$32M
8.1%
4.7%
2.7%
1.0%
$64M
$1.1B
$265M
Jul '26
$1.3B
$26M
8.7%
4.3%
2.3%
0.8%
$20M
$1.1B
$214M
Apr '26
$1.3B
$19M
8.4%
3.5%
1.7%
0.6%
-$132M
$1.1B
$209M
Dec '25
$1.2B
$23M
8.6%
4.2%
2.1%
0.7%
$207M
$1.1B
$369M
Sep '25
$1.2B
$25M
8.1%
4.8%
2.3%
0.8%
$35M
$1.1B
$182M
Jun '25
$1.1B
$22M
8.9%
4.9%
2.1%
0.7%
$26M
$1.1B
$190M
Mar '25
$1.0B
$8M
7.7%
3.4%
0.8%
0.3%
-$98M
$1.1B
$169M
Dec '24
$1.2B
$25M
9.3%
4.5%
2.4%
0.8%
$222M
$1.1B
$268M
Sep '24
$1.1B
$15M
8.5%
4.6%
1.5%
0.5%
$60M
$1.1B
$60M
Jun '24
$1.1B
-$7M
6.9%
2.6%
-0.7%
-0.2%
$25M
$1.2B
$45M
Mar '24
$1.0B
$1M
7.0%
3.0%
0.1%
0.0%
-$65M
$1.2B
$36M
Dec '23
$1.0B
-$492000
9.4%
3.7%
-0.0%
-0.0%
$44M
$1.1B
$73M
Sep '23
$1.0B
-$6M
7.1%
2.1%
-0.6%
-0.2%
$52M
$1.2B
$78M
Jun '23
$978M
$2M
8.9%
3.5%
0.2%
0.1%
$114M
$1.2B
$70M
Mar '23
$943M
-$17M
8.4%
3.2%
-1.8%
-0.5%
-$48M
$1.3B
$62M
Dec '22
$978M
-$11M
11.9%
3.2%
-1.1%
-0.3%
-$2M
$1.3B
$116M
Sep '22
$958M
-$17M
10.1%
0.5%
-1.7%
-0.5%
$67M
$1.3B
$147M
Jul '22
$498M
$10M
9.0%
3.0%
2.9%
1.2%
$45M
$89M
$35M
Apr '22
$456M
$3M
8.1%
1.1%
0.8%
0.3%
-$29M
$119M
$23M
Dec '21
$419M
$7M
7.5%
2.4%
2.1%
0.8%
$6M
$105M
$39M
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 31.2× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.5× (Nov '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?
V2x, Inc.'s P/E (TTM) is 24.47 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the VVX stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 31.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.